NELFUND disburses N355.87 billion in student loans, processes 1.66 million applications

Legendary economist Gary Shilling says consumer signals point to a recession in the next 12 months

Gary Shilling says he sees a 60% to 70% chance of a US recession in the next year, pointing to red flags waving among American consumers.

• Gary Shilling predicts US recession within next 12 months
• Retail sales dropped 0.6% in July, worst decline in nearly a year
• 71% of middle-income Americans feel behind in living expenses

2026-09-03 ·businessinsider.com

500 euro starting credit for all newborns, tax-free savings until adulthood

Family Affairs Minister Claudia Bauer (ÖVP) wants to start the future deposit as early as the beginning of 2027. From then on, all children born in Austria will receive the starting credit.

2026-09-03 ·derstandard.at

Economist Paul Krugman Says Kevin Warsh "Sounded Utterly Conventional" at Jackson Hole, Despite Promising a Break From Fed Tradition. Does That Continuity Mean Rate Policy Won't Change Much Under Him?

Warsh wants change, but inflation still dictates Fed policy.

• Kevin Warsh hints at Fed policy changes but speech is conventional.
• Paul Krugman calls Warsh's remarks at Jackson Hole "utterly conventional."
• Warsh advocates for greater flexibility, but rate policy likely unchanged.

2026-09-03 ·fool.com