How much slack is there in the US economy? In economics, the “gap version” of Okun’s law holds that a one-percentage-point increase in the unemployment rate is associated with a two-point decline in the real (inflation-adjusted) GDP growth rate below its potential. The gap matters, because the closer the economy is to its potential, the more we should worry about inflation. According to the Bureau of Labor Statistics (BLS), the US unemployment rate was 5.9% in June, compared to the
US President Joe Biden has decided that it is time for American troops finally to leave Afghanistan, the first country
How much slack is there in the US economy? In economics, the “gap version” of Okun’s law holds that a
KATHMANDU:- The ruling alliance has agreed to give a full shape to the Council of Ministers soon. A meeting of
BANKE:- High health security alert has been adopted in Jamunaha, Nepal- India border point, in view of increasing possible risk
LIMA, (AFP):- Leftist Pedro Castillo was sworn in as Peru's fifth president in three years Wednesday on the 200th anniversary of the country's independence, promising an end to corruption and a new constitution. The 51-year-old rural schoolteacher, who has vowed
By NICOLAS GARRIGA and MIKE CORDER, CARRY-LE-ROUET, France (AP):- Europe’s famed summer holiday season is in full swing, but efforts to inoculate people against the coronavirus are not taking a break. Instead, with lockdowns easing despite concerns about variants and
KATHMANDU:- China has continued to remain atop in clinching gold medals in the 32nd Summer Olympics underway in Tokyo, the capital city of Japan. China has so far won 11 medals, including six gold medals, one silver and four bronze. Japan and the US are following China with five and four gold medals, respectively. Japan has so far clinched five gold medals and a silver while the US has attained four gold, two silver and four bronze in the Olympic
By N24 Correspondent, KATHMANDU:- A new edict reducing the weight of Tibetan language scores on entrance exams for students in
By N24 Correspondent, KATHMANDU:- A Tibetan activist started a peace march from the Chinese consulate in Toronto to the Chinese
GARDNERVILLE, NV:- California Governor Gavin Newsom and Nevada Governor Steve Sisolak today surveyed a Tamarack Fire damage area and met with fire and emergency management personnel responding to the fire, which has burned 68,497 acres on both sides of the California-Nevada border. “We’re here in the spirit of partnership that unites all of us on the West Coast – Republican and Democratic states – confronting the devastating impacts of our climate crisis, from catastrophic wildfires to severe drought to deadly
By LISA MASCARO, KEVIN FREKING and ALAN FRAM, WASHINGTON (AP):- The Senate has voted to begin work on a nearly
BEER-TUVIA, SRAëL, (AFP):- Israeli Avi Zinger said the ice cream he makes usually brings joy, but Ben & Jerry's decision
BIRGUNJ:- A total of 52 thousand metric tonnes of urea fertilizer imported from Bangladesh has arrived in Nepal. The amount
KATHMANDU:- The Nepal Stock Exchange (NEPSE) has increased by 54.31 points today by taking the index at 3058.63 points on
By N24 Correspondent, KATHMANDU:- The PHD Chamber of Commerce and Industry (PHDCCI) has hosted the India-Nepal Investment & Development Partnership
KATHMANDU:- Minister for Finance Janardan Sharma has said that his announcement to release a whitepaper on country's economy to share
KATHMANDU:- The judicial committee at the Kathmandu Metropolitan City (KMC) has received increasing number of complaints about vacating rented apartments.
LALITPUR:- The booster dose of China-manufactured the anti-COVID-19 vaccine, Vero Cell, is being administered in Lalitpur district on coming Friday
N24 Correspondent, KATHMANDU:- Nepal's domestic flights, which were suspended for epidemic control, have resumed operations after a two-month hiatus. The
N24 Correspondent, KATHMANDU:- Nepal Government resumes domestic flights from July first. The flight was canceled due to an increase in
SAN FRANCISCO, (AFP):- Google and Facebook on Wednesday said workers returning to offices will need to be vaccinated against Covid-19,
By MARCIA DUNN, VAN HORN, Texas (AP):- Jeff Bezos blasted into space Tuesday on his rocket company’s first flight with
N24 Correspondent, KATHMANDU:- Verosell vaccine against Korana virus (Kovadi-19) is being administered again in Kathmandu Metropolitan City from today. The
By MARIAM FAM and AMR NABIL, CAIRO (AP):- Muslims around the world were observing Tuesday yet another major Islamic holiday
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