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Press lies about the Venezuelan presidential election 23:08 Sep 10 0 comments

Israel told US it is modeling Gaza attack on Hiroshima and Nagasaki 22:35 Nov 05 0 comments

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North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

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The post Mumsnet Founder Reveals she was Blacklisted by Barclays and Ocado and Branded a “Bigot” for Standing up for Women’s Rights to Access Single-Sex Spaces appeared first on The Daily Sceptic.

Sucking Carbon Out Of The Sea ? The Latest Taxpayer-Funded Climate Stunt Fri Apr 18, 2025 15:00 | Sallust
Now the climate zealots are trying to suck carbon out of the sea. It's just the latest nutty climate stunt funded by the taxpayer to the tune of ?3 million.
The post Sucking Carbon Out Of The Sea ? The Latest Taxpayer-Funded Climate Stunt appeared first on The Daily Sceptic.

French Anti-Immigration Philosopher Banned From Entering Britain Fri Apr 18, 2025 13:09 | Will Jones
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The post French Anti-Immigration Philosopher Banned From Entering Britain appeared first on The Daily Sceptic.

UK Electricity Grid Rescued by Gas as Massive Winter Wind Droughts Disrupt Supply Fri Apr 18, 2025 11:00 | Chris Morrison
During winter, wind power fell by 11% and gas came to the rescue, pushing up prices to eye-watering levels. On some days the windmills produced almost zero. This is why energy prices are sky high, says Chris Morrison.
The post UK Electricity Grid Rescued by Gas as Massive Winter Wind Droughts Disrupt Supply appeared first on The Daily Sceptic.

The Left-Wing Trust Handing Out Millions to the Migrant Democracy Project, Lib Dems, Greens and Many... Fri Apr 18, 2025 09:00 | Charlotte Gill
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The post The Left-Wing Trust Handing Out Millions to the Migrant Democracy Project, Lib Dems, Greens and Many More appeared first on The Daily Sceptic.

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The Fed and Central Banks Seek Cure for COVID-hit Economy

international | politics / elections | press release

Thursday August 27, 2020 19:59

by Zach Conti, zach@jubileeusa.org - Jubilee USA

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On August 27 and 28, the US Federal Reserve and other government central banks meet for their annual retreat.

On August 27 and 28, the US Federal Reserve and other government central banks meet for their annual retreat. Traditionally held in the picturesque location of Jackson Hole, Wyoming, this year the meeting will take place virtually under the theme “Navigating the decade ahead: Implications for monetary policy.”

“Government banks are grappling with a global economy projected to worsen,” said Eric LeCompte, the Executive Director of Jubilee USA Network. “The meeting will give us a view of what role central bankers wish to play in the battle against the economic impacts of the coronavirus.”

The global economy is expected to contract by almost 5%. Emerging market and developing economies already held historically high levels of debt before the COVID-related crisis. Latin America is expected to contract about 10%.

These economic forecasts translate to United Nations projections that poverty will increase for the first time in 20 years. Ultimately, more than 130 million people will fall into extreme poverty during the next decade.

“The fate of the economy and global poverty levels are intertwined,” said LeCompte.

Jubilee USA Network is an alliance of more than 75 US organizations and 750 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA wins critical global financial reforms and won more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

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