@ISIDEWITHQuestionseconomy12yrs ago

Should the government use economic stimulus to aid the country during times of recession?

Answer Overview

Response rates from 270 Swiss voters.

80%
Yes
20%
No
73%
Yes
17%
No
2%
Yes, and collectivize all industry
2%
No, recession is a natural cycle that purges excess
2%
Yes, but in the form of tax breaks for low income citizens
1%
No, and the government should drastically reduce spending during recessions
1%
Yes, but in the form of assisting sectors most heavily hit by the recession
1%
Yes, the government should intervene to boost a recovery
1%
Yes, but in the form of increased spending on infrastructure
0%
Yes, but in the form of tax breaks for all citizens

Historical Support

Trend of support over time for each answer from 270 Swiss voters.

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Historical Importance

Trend of how important this issue is for 270 Swiss voters.

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Other Popular Answers

Unique answers from Swiss voters whose views went beyond the provided options.

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  @lemans3427 from California submitted…1yr1Y

Commercial Real Estate Crisis Threatens Global Economy

Recent global events have sparked fears of a commercial real estate crisis in Europe, mirroring situations in Japan and the US. Notably, Deutsche Pfandbriefbank AG faces significant downturns due to the real estate market's weakness.The past week has witnessed significant downturns in the stock values of several banks worldwide, particularly those with substantial exposure to commercial property loans. Mirroring unsettling developments in Japan and the United States, Europe is now facing the prospect of an emerging commercial real estate crisis. Some senior officials at the European Central Bank say Germany will inevitably be a special focus as they examine CRE risks at banks across the region.“There is more pain to come in real estate valuations, so what does that mean for lenders and does that mean there is the potential for a crisis?”German banks have the most commercial real estate loans in the European Union, along with their French peers, but they have classified a relatively small portion of those loans as non-performing. Recently, however, that share has been rising while it declined in several other countries.“This is definitely not just a US problem,” said Valeriya Dinger, a professor of economics at Germany’s University of Osnabrueck. “I wouldn’t be surprised if we see a wave of loan loss provisions for German banks on their domestic commercial real estate exposure,” she said, even if there’s no systemic risk.German property values are particularly vulnerable to higher borrowing costs because capitalization rates — or the potential return on a real estate investment — were pushed lower there than in other markets during the cheap money era. That reflected in part the fact that yields on German government bonds, a benchmark for investors, were negative at the time.

 @ISIDEWITH submitted…1yr1Y

China Creates A Global Economic Shock

The first China shock came after a series of liberalizing reforms in China in the 1990s and its accession to the World Trade Organization in 2001. For U.S. consumers, this brought considerable benefits. One 2019 paper found that consumer prices in the U.S. for goods fell 2% for every extra percentage point of market share grabbed by Chinese imports, with the biggest benefits felt by people on low and middle incomes. But the China shock also piled pressure on domestic manufacturers. In 2016, Autor and other economists estimated that the U.S. lost more than two million jobs between 1999 and 2011 as a result of Chinese imports, as makers of furniture, toys and clothes buckled under the competition and workers in hollowed-out communities struggled to find new roles. A sequel of sorts appears to be under way. China’s economy expanded 5.2% last year, a subdued rate by its standards, and is expected to slow further as a drawn-out real-estate crunch crushes investment and consumers rein in spending. Capital Economics, a consulting firm, thinks annual growth will slow to around 2% by 2030. Beijing is seeking to engineer an economic turnaround by plowing money into factories, especially for semiconductors, aerospace, cars and renewable-energy equipment, and selling the resulting surplus abroad. Protectionism might shift some of the deflationary impact to other parts of the world, as Chinese exporters look for new markets in poorer countries. Those economies could see their own fledgling industries shrivel in the teeth of Chinese competition, much as the U.S. did in an earlier era.

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 @ISIDEWITH submitted…8mos8MO

Europe on Edge as Critical Cables Severed Near Nord Stream Blast Zone

German Defense Minister Boris Pistorius on Tuesday said "nobody believes" that two broken telecommunications cables in the Baltic Sea were "accidentally cut.""We have to conclude, without knowing exactly who did it, that it is a hybrid action and we also have to assume — without knowing it — that it is sabotage," Pistorius told reporters in Brussels on the sidelines of a Council of the European Union meeting.The Finnish network company Cinia said Monday it was investigating a broken undersea internet cable running between Santahamina near Helsinki and Rostock in Germany — in a submarine incident that sparked political alarm in Berlin and Helsinki.The 1,173 kilometer-long cable follows a similar route to the Russia-to-Germany Nord Stream gas pipelines, which exploded in September 2022 in an apparent act of sabotage.Also speaking on the sidelines of the meeting in Brussels, Finnish Defense Minister Antti Häkkänen said: “We are now investigating what has happened. We have good capabilities through all of this to investigate what has happened and who has been there.”Finland’s Europe Minister Joakim Strand called the incident "concerning.""Our authorities together with the companies are proactively investigating the case. The telecommunications have been re-routed to back-up connections and practical impacts have been minimal. The cable of course will be repaired. It is too soon to speculate on any causes but of course this is concerning," he added.The suspected case of sabotage comes as European foreign ministers, meeting in Warsaw on Tuesday, warned that Russia is “systematically attacking” Europe’s security architecture.

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 @ISIDEWITH submitted…8mos8MO

Horror in Northern Gaza: U.S. Questions Israel After Civilians Slaughtered in Residential Attack

An Israeli strike on a residential building in northern Gaza killed dozens of people early Tuesday, the territory’s emergency service said, in the latest attack to cause mass casualties in the area since Israel renewed its offensive against Hamas in the north.The Palestinian Civil Defense, the emergency service, said at least 55 people were killed in the strike in the town of Beit Lahia. Gaza’s health ministry said at least 93 people were dead, including 25 children. The Israeli military said in a statement that it was “aware of reports that civilians were harmed” in the town and was looking into the details.Matt Miller, a U.S. State Department spokesman, called the strike “a horrifying incident with a horrifying result” and said the Biden administration had contacted the Israeli government to ask what happened.Israeli forces renewed their offensive in northern Gaza this month, saying they were trying to stem a regrouping of Hamas, the militant group that attacked Israel on Oct. 7, 2023, sparking the war in Gaza.The strike comes days after another Israeli attack on a residential block in Beit Lahia that left dozens of people killed or wounded, according to the Palestinian Civil Defense. The Israeli military confirmed the strike on Sunday, saying that the air force had “conducted a precise strike” targeting Hamas fighters.An overnight Israeli airstrike hit another residential building in the town on Oct. 20, killing dozens of people, Palestinian officials and emergency workers said.Roughly 400,000 people remain in northern Gaza, according to the United Nations, and many have been trapped in their ruined neighborhoods.

▲  1710 replies

Active 11hrs ago

 @ISIDEWITH submitted…8mos8MO

Death, Denial, and Silence: Inside China’s Push to Bury Zhuhai’s Devastating SUV Attack

Outside the sports center in the southern city of Zhuhai where a 62-year-old man had plowed an S.U.V. into a crowd, killing at least 35 people, workers on Wednesday quickly removed bouquets of flowers left by grieving residents. Uniformed police officers and officials in plainclothes shooed away bystanders and warned them not to take photos. At hospitals where patients were taken after the attack — at least 43 more people were injured — local officials sat outside the intensive care units, blocking journalists from speaking with family members.On the Chinese internet, censors were mobilized to delete videos, news articles and commentaries about the attack. Almost 24 hours had passed before officials divulged details about the assault, which happened on Monday, including the death toll. Their statement offered limited details, and they have held no news conferences.The response was a precise enactment of the Chinese government’s usual playbook after mass tragedies: Prevent any nonofficial voices, including eyewitnesses and survivors, from speaking about the event. Spread assurances of stability. Minimize public displays of grief.The goal is to stifle potential questions and criticism of the authorities, and force the public to move on as quickly as possible. And to a large degree, it appeared to be working.Though many residents of Zhuhai, the city of 2.4 million where the attack happened, were clearly shaken, they said on Wednesday they had not questioned the delay in information, attributing it to the government’s need to first sort out what had happened. A steady stream of people arrived by foot or taxi to lay flowers at the sports center’s entrance, but when officials took away the flowers and told the people not to linger, they quickly complied.Local governments have also vowed in recent months to spend more time screening for people who have experienced “failures,” after a spate of violent attacks, including several cases in which schoolchildren were stabbed.But officials were also clearly on the lookout for any deeper scrutiny of the Zhuhai killings. Videos and photos of the scene of the attack showed only as grayed-out squares on Weibo, a social media platform. Blog posts urging people not to treat violent attacks as isolated incidents, but rather to look deeper for potential social causes, disappeared.

▲  178 replies