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The economy needs a stimulus to get going. Austerity, the obsession with immediate debt reduction, will only make things worse. Stimulus, however, requires an exit strategy: a medium-term plan that would take effect in, say, 2016 to pay down debt. F...

“The economy, stupid” was the simple phrase coined by political strategist James Carville to remind workers on Bill Clinton’s successful 1992 US presidential campaign of what was the key issue. It could just as well be applied as a brusque answer to...

On December 18, 2012, Bermuda will face the same problems that it faced on December 16, the day before the election. The solutions seen and needed from and after December 18 will be the same as the solutions that were apparent on December 16, 2012. P...

The recession could have been worse had it not been for Government action on the economy, according to the Progressive Labour Party. Speaking at yesterdays’ Alaska Hall press conference to highlight PLP platform initiatives and achievements, Economy ...

Bermuda is commonly referred to as being in a recession. But at this stage it is probably more accurate to describe it as a depression. The technical definition of a recession is two consecutive quarters of reduction of gross domestic product. Bermud...

Bankers have a duty to help dig Bermuda out of the mess they helped create, economist Craig Simmons told a packed lecture hall last night. Mr Simmons said banks — which he accused of lending and borrowing irresponsibly in the run-up to the recession ...

Opposition leader Craig Cannonier said a One Bermuda Alliance Government would form an Economic Advisory Committee, including Government Ministers, Opposition members, trade union leaders and business groups. He explained the group would meet every f...