Will the AI economy create a permanent underclass?
By Kenneth Rogoff

From India and Africa to Europe, countries not yet in the AI supply chain risk mass job losses, losing the tax revenue needed to deal with the tech’s fallout

https://www.theguardian.com/business/2026/jun/02/will-the-ai-economy-create-a-permanent-underclass

#AIartificialintelligence #Globaleconomy #Economics #Technologysector #Business #UKnews #USnews #Worldnews #KennethRogoff

NBC News Top Stories | How a weaker dollar is quietly making life more expensive by The Associated Press

AI generated summary, Read the full article for complete information.

A weaker U.S. dollar—down about 10 % against a basket of major currencies since early 2025—is quietly raising everyday costs for Americans, acting like a “hidden tax” that shrinks what each dollar can buy. While large multinationals such as Philip Morris and Coca‑Cola are enjoying “favorable currency impacts” and higher overseas sales, many smaller firms that rely on imported inputs are facing higher expenses and passing some of those costs onto consumers. The decline makes foreign travel and purchases from abroad more expensive (e.g., the dollar is about 16 % weaker versus the Mexican peso and 13 % weaker versus the Brazilian real), contributes to price hikes in goods like coffee, and adds pressure to already elevated inflation. Economists warn the trend may continue, potentially lifting commodity prices further, meaning American households will likely feel the impact of a lower‑valued dollar for the foreseeable future.

Read more: https://www.nbcnews.com/business/personal-finance/weaker-dollar-quietly-making-life-expensive-rcna343346

#ThomasSavidge #PresidentTrump #KennethRogoff

Kenneth Rogoff, Harvard professor, and former chief economist of the IMF, discusses the decline in the US dollar and the future instability caused by Trump’s disastrous trade war.

Will we see #pricecontrols and/or financial repression from this regime?

#podcast #economy #tradewar #tariffs #kennethrogoff #FT

https://podcasts.apple.com/us/podcast/the-economics-show/id1746352576?i=1000706308961