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York (United States) (AFP) - Parents of young children in the United States are finding that with day care centers in short supply, or too expensive, more and more of them -- mostly mothers -- are having to stay at home to look after their kids. "It was just an undercurrent previously that was exposed and compounded by the pandemic," said Kevin Schreiber, who heads an association of business leaders in York County, Pennsylvania. He was speaking to AFP on the sidelines of a visit by the chairman of the US Federal Reserve, Jerome Powell, and of its Philadelphia branch, Patrick Harker, who came ...
AFP
Washington (AFP) - Federal Reserve chairman Jerome Powell said he was more worried about the risk of a large-scale cyberattack than another financial crisis like that of 2008. The risks of a 2008-like crisis with a need for government bailouts of banks were "very, very low," the head of the US central bank said during an interview aired Sunday on CBS's "60 minutes." "The world changes. The world evolves. And the risks change as well. And I would say that the risk that we keep our eyes on the most now is cyber risk," he said, adding that that concern was shared by multiple governments and priva...
AFP
Milan (AFP) - G20 finance ministers and central bankers will gather for a video conference led by Italy Friday, hoping to align plans for relaunching the global economy after the coronavirus pandemic and to limit harm to the worst-off nations shut out of the race for vaccines. Beginning at 12:30 pm local time (1130 GMT), the meeting is the first in post for US President Joe Biden's new Treasury Secretary Janet Yellen, expected to be far less confrontational than Donald Trump's representatives at past gatherings. "With the new American administration, it will certainly be easier to reach a deal...
AFP
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