Last week, Federal Reserve Chairman Ben Bernanke, a man of endless accommodation, drew a hard line under the one thing he could not do to save the US economy. Bernanke told the press:. The warning was clear: a "fiscal cliff" could cause the Lehman moment of all Lehman moments. It didn't even send a ripple through Washington. Congress went on campaigning and strategizing over election-year politics. They've heard it before.
An economic recovery plan for Bermuda will include high-earning new industries such as medical tourism, vertical farming and residential schemes, MPs heard this morning. It comes in the wake of a 9 per cent contraction of the gross domestic product for , caused by the Covid pandemic. Mr Dickinson also highlighted projects for new infrastructure or the enhancement of existing infrastructure, as well as expanding the resident population, and labour market reforms such as a youth employment strategy and establishing national unemployment insurance. You must be registered or signed-in to post comment or to vote. Log In Reset Password.
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