Jobless claims bottom before recessions. The last time these pension funds had enough assets to back their liabilities in full was on the eve of the Lehman Brothers bankruptcy in 2008

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Yellen warns that war in Ukraine will have ‘enormous’ global economic impact

  • Treasury Secretary Janet Yellen cautioned Wednesday that Russia’s attack on Ukraine “will have enormous economic repercussions for the world.”
  • She added that the U.S. is working with global organizations to provide aid to Ukraine and sanctions against Russia.
  • Yellen also reiterated the White House’s commitment to the battle against the Covid-19 pandemic, stressing vaccine availability and readiness to address outbreaks.
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