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Why Many Voters Are Unhappy With the Economy

With the midterms approaching, the economy is a top concern for voters. Our chief economic correspondent, Ben Casselman, describes which aspects of the economy have voters so frustrated.

EU’s Arctic oil-and-gas pledge leaves a Norway-sized loophole

22 October 2026 at 19:00

Earlier this week, EU officials said in unusually staunch terms that they would not buy Arctic oil and gas.

Even if someone (Norway) decided to drill new oil or gas wells in the Barents Sea, which is well above the Arctic Circle, the EU would not purchase it.

The goal is to dissuade investors. It costs many billions of euros to develop gas or oil at scale in the harsh conditions of the far north.

If there is no offtake market in continental Europe, no-one is going to take the risk.

The thing is, EU buyers already buy gas (and oil) from the Arctic. A lot of it.

Most of the gas, some 12 million tonnes so far this year, comes from Russia’s Yamal LNG plant, which sits on the shore of the biggest estuary you have never heard of, the Gulf of Ob (Obskaya Guba in Russian).

But that will end 10 weeks from now, when the EU ban on Russian LNG kicks in.

This article continues, but the full version is available only to EUobserver.com subscribers. Visit account.euobserver.com/membership

AI stocks weigh on markets Thursday as oil rises to highest price since May

22 October 2026 at 18:39
Drops for stocks in the artificial-intelligence industry are dragging markets down worldwide on Thursday, while oil prices hit their highest levels since May amid the Iran war.

AI stocks weigh on markets Thursday as oil rises to highest price since May

22 October 2026 at 18:39
Drops for stocks in the artificial-intelligence industry are dragging markets down worldwide on Thursday, while oil prices hit their highest levels since May amid the Iran war.

Working one job isn't always enough. Gen Zers and millennials are taking on side hustles and freelance work.

22 October 2026 at 18:27
People crossing the street in a city
A new study finds 80% of Gen Zers have worked outside their main jobs.

LeoPatrizi/Getty Images

  • Goldman Sachs Asset Management found 80% of Gen Zers have worked outside their primary jobs.
  • People across generations said this was because they needed the money or for financial security.
  • Not feeling secure can affect financial goals, like homeownership.

Having a job doesn't always mean you have enough to cover daily living or savings goals.

A July survey of Americans by Goldman Sachs Asset Management and the behavioral economics firm Escalent found over 60% of respondents have worked outside their primary roles, largely because they needed to. Twenty-seven percent of respondents said work covers their expenses, but it's tough to get ahead.

"Employment remains essential for retirement security, but for many Americans, it is no longer sufficient," a Goldman Sachs Asset Management retirement report said.

Gen Zers were most likely to say they earn or have earned money outside their primary job; millennials followed closely behind. The report said that's despite most Gen Z and millennial workers reporting their jobs provide financial stability.

"Younger workers may feel stable in their main jobs while still seeing extra work as necessary," the report said.

Bar chart of respondents who said they earn or have earned money from gig, freelance, contract, or other kinds of side work outside their primary income, by generation

Throughout the generations, a majority said they're doing gig or side work out of necessity or for financial security.

"The traditional full-time job may no longer be carrying the full weight of financial security," the report said. "For many, supplementing income appears to have become part of the baseline."

Stacked bar chart of what respondents said is the main reason they've done gig or side work by generation

Some Americans are living paycheck to paycheck or adjusting their budgets to cope with rising gas prices and other everyday expenses. It can be hard to get ahead when wage growth has been consistently falling short of inflation, and it's tough to find a new job to try to earn more money.

Not feeling financially secure can lead to putting off savings goals. Eighty-three percent of Gen Z and 78% of millennials said they put major financial goals on hold. Forty-one percent of millennials have delayed emergency savings despite being employed, and 30% said they delayed housing or homebuying goals. For Gen Zers, the shares were 35% and 34%, respectively.

While some people may be working a part-time side job, others are "overemployed" and working multiple full-time jobs. One millennial has worked five full-time remote IT jobs, earning over $700,000 annually. As Business Insider's Jacob Zinkula reported, overemployed people use their extra earnings for different reasons, such as retiring early or paying down debt.

Having multiple income streams can also be considered a "portfolio career," where people piece together different kinds of work, such as writing a newsletter, doing a side gig, and holding an office job. It can be one way to try "stability stacking" to feel more secure about your career if, for example, you were laid off and lost an income stream.

"When you decentralize everything from one 9-to-5 and build a portfolio career, you protect yourself from the emotional and financial shock if and when business needs change at your 9-to-5," said career coach Janel Abrahami in a TikTok video.

And sometimes, working a side gig can become a complete career pivot. Harlan Rappaport, in his 20s, turned his email marketing side hustle into a full-time career after working as an investment analyst at a financial institution.

"I used to get really excited about the numbers, but over the last couple of years, I realized it's more about the freedom I've had in my life over the last couple of years as a freelancer," Rappaport said in an as-told-to essay. "I don't miss family events, can travel when I want, and can work from anywhere in the world."

Read the original article on Business Insider

Why managing fiscal is a tightrope for State governments

Most State government expenditure is on social sectors, such as health and education, and economic sectors, such as agriculture and irrigation. In Kerala, such spending has driven social progress since the 1960s. The gap between expenditure and receipts is usually financed through market borrowings.

Pizza Fan owner, accountants arrested for tax evasion fraud scheme

22 October 2026 at 17:45

Well-known pizza chain Pizza Fan was boasting that “everything was Greek.” Allegedly everything was Greek including the fraud scheme that cost the state 25 million euros in Value Added Tax. On Thursday, teams of the Greek Directorate for Combating Organized Crime raided the headquarters of Pizza Fan, an unknown number of its affiliates stores, houses […]

The post Pizza Fan owner, accountants arrested for tax evasion fraud scheme appeared first on Keep Talking Greece.

Canada opens free trade talks with Turkey

22 October 2026 at 17:31

Canada, which is in the midst of a trade war with the United States, opened talks with Turkey Thursday on a free trade agreement during a landmark visit by Prime Minister Mark Carney.

Carney, a former central banker, has made reducing dependence on Washington and diversifying Canada's partnerships one of the cornerstones of his term, which began in March 2025.

"We decided to begin negotiations for a free trade agreement, which includes increasing trade and investment, before the end of the year," Turkish President Recep Tayyip Erdogan said in a joint address to reporters.

Carney is the first Canadian prime minister to pay an official visit to Turkey.

"We hope to increase our trade volume, which is currently around $3 billion, to $5 billion and then $10 billion. We will approximately double direct flights between our countries," Erdogan said.

Carney said Canadian negotiators would come to Ankara next month for the first round of free trade talks.

"Our goal is not self-sufficiency, it is collective resilience," said Carney.

"And that's why Canada is building deeper partnerships with reliable partners that create new opportunities for us both. And in Turkey, we have an exceptional partner."

Carney is due to meet on Friday with Turkish business leaders in Istanbul, in strategic sectors such as energy, aerospace and critical minerals.

Canada and Turkey have also identified potential for cooperation in nuclear energy.

They also announced a partnership agreement in the defence industry.

"Today's new Agreement on Defence Industry Partnership will connect Canadian and Turkish companies to work together, creating good jobs at home, export opportunities abroad, greater security for our citizens, and contributing to a stronger NATO alliance," Carney said.

Carney has multiplied overseas trips, renewing ties with nations such as Saudi Arabia, India and China with which relations had been strained or even broken under his predecessor Justin Trudeau.

Carney has also drawn closer to Europe.

The RBI and its growing fiscal role

RBI’s record ₹2.87 lakh crore surplus transfer to the Centre shows its growing fiscal significance, as earnings from reserve management and foreign assets support govt. finances; the trend raises questions about central bank independence, fiscal centralisation, and exclusion of such transfers from fiscal devolution to States

New Mexico Judge Orders Meta To Pay $25 Billion in Cambridge Analytica Case

22 October 2026 at 17:19

A New Mexico judge has ordered Mark Zuckerberg's Meta to pay $25 billion in penalties over its handling of the Cambridge Analytica data scandal, according to a court filing issued Wednesday.

The post New Mexico Judge Orders Meta To Pay $25 Billion in Cambridge Analytica Case appeared first on Breitbart.

The reality behind falling net FDI

India’s net FDI has declined sharply despite strong gross inflows, underlining the impact of disinvestment/capital repatriation; an understanding of these trends requires looking beyond aggregate inflow, outflow figures; investor classes, modes of entry, and exit strategies can have important implications for technology transfer, industrial development, and external sustainability

Kiley: I Voted Against Tariffs That Raise Costs, My Opponent Voted for California Gas Tax That Raised Prices

22 October 2026 at 13:02

On Wednesday’s broadcast of CNN’s “The Story Is,” Rep. Kevin Kiley (I-CA) said that he voted against tariffs that have raised costs, while his Democratic opponent “voted for a gas tax increase that has more than doubled the gas tax

The post Kiley: I Voted Against Tariffs That Raise Costs, My Opponent Voted for California Gas Tax That Raised Prices appeared first on Breitbart.

Dem Rep. Kamlager-Dove: CA's Tax System 'Very Volatile' Because It Relies on Small, Heavily-Taxed Group, Should Be 'More Equal'

22 October 2026 at 03:31

On Wednesday’s broadcast of Bloomberg’s “Balance of Power,” Rep. Sydney Kamlager-Dove (D-CA) said that, in California, “We rely on a small number of people to provide a lot of tax revenue to the state, and that brings with it volatility. So,

The post Dem Rep. Kamlager-Dove: CA’s Tax System ‘Very Volatile’ Because It Relies on Small, Heavily-Taxed Group, Should Be ‘More Equal’ appeared first on Breitbart.

Caro vita e rincari, i costi reali delle guerre sulle famiglie italiane

By: A A
22 October 2026 at 16:05

In questi giorni il caro vita turba i sonni del mondo politico e sindacale, compresi quanti finora hanno ignorato i diffusi rincari dell’energia e dei beni di prima necessità, riducendo l’emergenza a mera polemica politica.

Segue nostro Telegram.

In questi giorni il caro vita turba i sonni del mondo politico e sindacale, compresi quanti finora hanno ignorato i diffusi rincari dell’energia e dei beni di prima necessità, riducendo l’emergenza a mera polemica politica.

Tuttavia, anche le poche mobilitazioni in corso dimenticano che la causa primaria dell’inflazione è proprio l’economia di guerra: l’escalation militare ha fatto ripartire la corsa dei prezzi, con conseguenze particolarmente pesanti per le economie europee, dipendenti dal greggio in transito nel Golfo Persico.

Un tempo le forniture principali arrivavano dalla Russia a costi decisamente inferiori a quelli attuali. Affermare che l’economia di guerra sia la causa principale dell’inflazione e del rallentamento economico europeo significa semplicemente prendere atto della realtà.

I dati parlano chiaro: tra marzo e agosto la UE ha sostenuto 54 miliardi di dollari di costi aggiuntivi netti solo per le importazioni di gas e petrolio. Questo dato basterebbe da solo ad aprire un dibattito serio sulle conseguenze economiche dei conflitti.

A confermare il quadro è l’Ufficio Studi della CGIA di Mestre: a fine anno gli italiani pagheranno 29 miliardi di euro in più tra rincari di elettricità, gas e carburanti. Solo in Italia il costo dell’energia elettrica è balzato del 51,2%. Rincari dovuti all’instabilità delle catene di approvvigionamento, alle speculazioni finanziarie e all’aumento delle spese militari, che sottraggono risorse essenziali al welfare.

Di fronte a questo scenario, la risposta del Governo appare timida e priva di coraggio. Mentre sostiene le spese per il riarmo, prova a calmierare con fondi pubblici le bollette degli italiani (che stimano una spesa aggiuntiva media di 153 euro all’anno per l’elettricità e 477 euro per il gas). Parallelamente, i rincari a doppia cifra colpiscono anche i beni alimentari di largo consumo: la dimostrazione che non si tratta di un incidente di percorso, ma di un effetto strutturale dell’economia di guerra.

In questo contesto, le manifestazioni di piazza rischiano di rivelarsi inefficaci, sia per la scarsa adesione sia per la debolezza delle motivazioni. Manca una riflessione complessiva sul sistema economico e sui meccanismi che spingono verso il basso i salari (a partire dai criteri di calcolo dell’IPCA). I bonus non sono la soluzione, bensì il sintomo del progressivo smantellamento del welfare pubblico.

È urgente iniziare a parlare apertamente di “economia di guerra”: un modello di produzione che alimenta la corsa alle risorse, dirotta i fondi pubblici verso la difesa e giustifica la sottrazione di risorse ai servizi essenziali. In caso contrario, continueremo a inseguire singoli provvedimenti tampone senza mai affrontare la vera radice del problema.

Articolo originale:  lantidiplomatico.it

Jobless Claims Fall Toward 57-Year Low

22 October 2026 at 14:02

The historic stretch of low layoffs in the U.S. economy continued last week. Applications for U.S. unemployment benefits fell by 6,000 to 194,000 in the week ended Oct. 17, according to Labor Department data released Thursday. The reading came in

The post Jobless Claims Fall Toward 57-Year Low appeared first on Breitbart.

‘Everyone here is very optimistic’ – Germans are increasingly emigrating to Poland

22 October 2026 at 10:52

Nearly 5,000 Germans emigrated to Poland in 2025, outpacing the numbers who left for Britain, Italy or the Netherlands, according to new government data.

Figures from Germany’s Federal Statistical Office (Destatis) showed 4,941 people moved from Germany to Poland last year, the highest total since the coronavirus pandemic. At the same time, only 1,720 moved in the opposite direction. The resulting negative migration balance for Germany was highlighted by financial daily Handelsblatt reporter Christian Wermke, who asked: “Why are more and more Germans moving across the Oder? What exactly works better in the Polish economy than in Germany? And what could we learn from our eastern neighbor so as not to permanently lose skilled workers?”

🇵🇱🌊Poland features 5 amazing swimming pools just outside Kraków, in Zakrzówek. German Youtuber @freiformation appears to prefer Poland to Germany when it comes to swimming. "No groping, no harassment, just families, children, girls, women, men, all peaceful." https://t.co/r3cGmXnsMT

— Remix News & Views (@RMXnews) September 22, 2025

Kevin Wörner, a 33-year-old who relocated from Berlin to Warsaw, and whose mother is Polish, told the newspaper there is “an incredible sense of a new beginning here. Everyone here is very optimistic.”

He contrasted that atmosphere with conversations among friends in Germany, where “it just gets you down.” Wörner cited lower taxes, less bureaucracy, stronger digitalization, and a more business-friendly environment as practical advantages, saying he had the impression “everything is a bit simpler here and more conducive to entrepreneurship.”

The trend also comes at a time when more and more Western European visiting Poland have made remarks about how safe the country is, how there is a lack of migrants, and how much better of a lifestyle the country offers.

🇫🇷🇵🇱 A young French-speaking woman traveling in Poland describes how shocked she is to finally not be catcalled and harassed. "It’s when you come to countries like Poland that you realize there are really problems with our countries, like Belgium or France." "Whether it’s Brussels, Liège, or slightly bigger cities like that, I would always get catcalled, honked at, harassed… really, everything you can think of." "And now I’m in Krakow, Poland, and it’s been two days that I’ve been walking around in this outfit, and I get absolutely no comments, no stares – like, only respect." Follow: @RMXnews

— Remix News & Views (@RMXnews) July 9, 2026

Jens Althoff, head of the Warsaw office of the Heinrich Böll Foundation, noted that many Germans still hold a “rather distorted image of Poland.” He pointed to ongoing infrastructure investment, high levels of digitalization, punctual trains, and well-maintained stations as visible differences.

Althoff also observed that younger Poles often emphasize achievement and implementation over the work-life balance discussions common in Germany.

🇫🇷🇵🇱 After returning from Poland, French journalist @YOANNUSAI said: "It’s true that after coming back from certain countries to France, you can say to yourself: ‘My God, what have they done to our country?’" "And it’s true that Poland is still Poland, while France is no longer France. The reality is this. The Poland of 40 years ago is the same as the Poland of today. France today is nothing like the France of 40 years ago. And immigration, of course, is partly responsible for this." Many Western Europeans have the same reaction after returning from Poland, which still has basically the same demographics as 40 years ago. Poland is also a vastly safer country for women on the streets. "Finally, in Poland, young girls go out freely, without fear. Obviously, in Poland, there are young girls who are dressed however they want to be dressed. They don’t censor themselves, which is no longer the case in France. I had to go out on a Saturday night in Paris, and a lot of young girls self-censor how they dress. This is not the case in Poland, as I have seen. You can walk freely around Warsaw at any time of day or night without worrying about your safety, which is not even the case for me in Paris, as a man, OK? I’m afraid for my own safety at certain hours in some neighborhoods of Paris."

— Remix News & Views (@RMXnews) February 5, 2026

Other interviewees mentioned Polish digital tools such as the BLIK mobile payment system and the mObywatel government app as examples of efficiency that stand out to newcomers. Handelsblatt’s reporting appeared amid broader German media coverage noting Poland’s economic growth and infrastructure improvements, even as some outlets have described ongoing operational difficulties on the German rail network.

The Destatis figures place Poland among the top destinations for German emigrants in 2025, behind Switzerland, Austria and Spain but ahead of several Western European countries. The newspaper framed the trend as a potential signal for German policymakers concerned about retaining skilled workers, while noting that overall German emigration remains highest to neighboring German-speaking countries, such as Austria.

This development also comes amid an already ongoing trend of Poles living in Germany moving back to Poland.

The post ‘Everyone here is very optimistic’ – Germans are increasingly emigrating to Poland appeared first on Remix News.

Dem Rep. Kamlager-Dove on Zuckerberg Considering Leaving CA Over Wealth Tax: Need Federal Rules So People 'Can't Cherry-Pick States'

22 October 2026 at 03:31

On Wednesday’s broadcast of Bloomberg’s “Balance of Power,” Rep. Sydney Kamlager-Dove (D-CA) responded to Meta CEO Mark Zuckerberg considering leaving the state over a possible wealth tax by stating that there are questions about having a one-time tax, but “it’s disappointing

The post Dem Rep. Kamlager-Dove on Zuckerberg Considering Leaving CA Over Wealth Tax: Need Federal Rules So People ‘Can’t Cherry-Pick States’ appeared first on Breitbart.

Reducing tobacco shadow market and increasing budget revenues are key KPIs for formalization - Philip Morris

22 October 2026 at 16:19
The key indicators of the effectiveness of government measures to bring the economy out of the shadow should be a real reduction in the illicit tobacco market, a return of sales to the legal sector and an increase in tax revenues, Mykhailo Poliakov, deputy general director for corporate affairs at Philip Morris Ukraine, told Interfax-Ukraine.

Paradigm shift. NC county sues Florida company to get land back.

22 October 2026 at 15:37

Florida-based Paradigm promised jobs from a battery plant in storm-battered Burnsville. With no progress, Yancey Co. wants acreage returned.

Paradigm shift. NC county sues Florida company to get land back. is a story from Carolina Public Press, an award-winning independent newsroom. Our breakthrough journalism shines a light on the critical overlooked and under-reported issues facing North Carolina’s more than 11 million residents. Please consider making a contribution to support our journalism.

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