Fed officials stress need to factor in structural inequities when evaluating economy

Policymakers need to keep diversity and structural racial inequalities in mind when analyzing the labor market and other measures of the economy, two Federal Reserve officials said on Tuesday. The standard metric used for evaluating U.S. unemployment is flawed because it does not capture the experiences of different groups, and officials should be open minded […]

Continue Reading

Bid for Cirque du Soleil dismissed as ‘pure fiction’ by lenders

A stalking horse bid for Cirque du Soleil Entertainment Group was dismissed as inadequate by lenders during a Quebec court hearing into the company’s restructuring on Tuesday. Canada’s once high-flying Cirque received initial protection from its creditors, after the COVID-19 pandemic forced the famed circus operator to cancel shows and lay off artists. Montreal-based Cirque, […]

Continue Reading