Investors in Jamaica’s catastrophe bond now face a 100% payout after Hurricane Melissa set off a full trigger event, according to the World Bank https://t.co/FUv5dGPSwH ...

President MLE's historic victory on Sunday in Argentine elections means he has a stronger position in his Congress and another opportunity to administer his medicine seeking economic health for a country that has been struggling for a long time. Hans Humes, CEO of Greylock Capital, is a longtime investor in Argentina. >> I think the entire country understands what's what has held them back um for decades now.Um and the they're willing to take a certain amount of personal pain. Now, we have to see how this t ...

Pakistan’s economy is expanding too slowly to meaningfully improve living standards or create enough jobs for its growing population, according to the World Bank https://t.co/X958UGOHOI ...

Core Viewpoint - The elimination of billionaires could lead to a stock market crash, jeopardizing the savings of average Americans, according to Mark Cuban [1][2]. Group 1: Impact of Billionaires on the Stock Market - Cuban argues that billionaires are a natural outcome of the market system and will continue to exist as long as stock markets do [2]. - He warns that dismantling the stock market would have catastrophic consequences for everyone, not just the wealthy [2]. - Forcing the wealthiest 10% to sell their stock holdings could significantly diminish the value of the remaining 90% of the market, potentially wiping out the savings of more than half the country [3]. Group 2: Wealth Inequality and Taxation - Cuban expresses skepticism about the effectiveness of wealth taxes based on stock valuations, questioning the feasibility of refunding taxes if the stock market experiences a correction or crash [4]. - He acknowledges that while the wealthiest 10% own a significant portion of the stock market, the remaining ownership represents trillions of dollars that belong to the broader population [3]. - Organizations like Oxfam and the World Bank argue that the accumulation of wealth among the ultra-rich is primarily driven by inheritance and monopoly power, which exacerbates inequality [3].

Joining us now to talk about the state of the global economy, former uh World Bank President David Malpass. He is now with Purdue University's Mitch Daniels School of Business. It's good to see you. >> Good to see you, Joe. >> You ever get interviewed by uh by Bessant for uh for for the because you your name was bandied about at one point, right? >> Right. I wasn't interviewed for the job. Um I I do think and I've made the point in Wall Street Journal articles and so on that the Fed needs to really look at ...

Appian Capital, a top mining-focused private equity firm, announced a $1 billion partnership with the World Bank’s private sector arm to back projects mainly in Africa and Latin America https://t.co/WwkJoJf2WA ...

The World Bank will lend more than $2 billion to Uganda, two years after halting support to the East African nation over its anti-LGBTQ laws https://t.co/W8wc0mxymx ...

Entering the World Bank’s high-income club would require India’s GDP per person to quintuple in the next 22 years at a growth rate of 7.5% a year. Can they do it? Recent economic performance suggests just maybe https://t.co/8DfOGPfpui ...

The World Bank has recommended a series of reforms it says will boost Kenya’s economy, accelerate job creation, and enhance business competitiveness https://t.co/WRvL75UKjF ...

Poverty has risen steeply in Nigeria even as Africa’s most-populous country undertakes reforms designed to deliver economic growth, according to a new report from the World Bank https://t.co/XVPx0TzZjo ...