Economist Danielle DiMartino Booth sits down with researcher, president and chief economist David Rosenberg. In this interview, they talk about how the economy has grown in the month of April and the jobs report. Here is a direct video link.
Doug Hoyes is co-founder of Hoyes, Michalos & Associates Inc., one of Canada’s largest personal insolvency firms. In his 30-year career as a chartered accountant and Licensed Insolvency Trustee, Doug has personally helped over 10,000 individuals solve their debt problems and rebuild their financial future. His 2017 book Straight Talk on Your Money explains that Doug has seen countless intelligent, well-meaning people let their emotions get the better of them as they follow conventional financial wisdom and get into serious money trouble, often leading to bankruptcy. For the past 7 years, he has been producing the Debt Free in 30 podcast as a valuable public education resource.
Can mainstream financial advice be harmful? Debt Free In 30 | Ep 349 | Should you put all of your savings at risk in the stock market to earn enough for a down payment on a house? Probably not. Danielle Park, lawyer, and wealth manager explains why some financial advice is “heinous”, how to recognize bad financial advice, and why you should think critically about the financial advice we are bombarded with every day. Here is a direct video link.
The scale of human suffering in the COVID nightmare unfolding in India and other developing countries is hard for us to grasp in North America. But it has far-reaching implications.
Eighty-six percent of global humans live in emerging and developing economy countries that accounted for two-thirds of global GDP growth before the pandemic. Sixty-six percent of the revenue and 75% of global profits for publicly traded S&P 100 companies came from emerging market economies in 2019.
Moreover, India–the world’s sixth-largest economy and second most populous nation (1.3 bn people, behind China’s 1.4bn)–has been dubbed the “pharmacy to the world” and is being counted on to send millions of vaccines to us. See: India’s COVID crisis threatens the world’s Pandemic recovery:
The country’s exports and donations were a critical part of Covax, the World Health Organization’s global program to provide inoculations to low-income countries. When they all but dried up, it left many countries scrambling to find alternatives.
Given India’s growing strategic importance, the crisis risks not only the fledgling recovery in Asia’s third-largest economy, but attempts to tamp down Covid-19 and recuperate globally. Some scientists have linked India’s fresh wave to a more virulent strain, with the out-of-control outbreak providing a petri dish for further mutations to evolve that could challenge the vaccines now being distributed from Europe to the U.S.
Here is a direct video link.
