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Big Take

Can the World Count on the Dollar If It Can’t Count on Smooth Elections?

Oct 31, 2024
Former Republican Senator Pat Toomey, an expert in economic policy, discusses the potential fallout of political instability on both American democracy and the global financial system. He emphasizes how chaos in elections could undermine confidence in the U.S. dollar, the world's dominant reserve currency. The conversation touches on historical events like the Capitol riot, which could affect foreign investment and market reactions. Toomey warns that if the peaceful transfer of power is jeopardized, it could shake investor confidence and challenge America's economic standing.
13:01

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Quick takeaways

  • Political instability following U.S. elections could undermine investor confidence, impacting both local and global financial markets significantly.
  • The U.S. dollar's dominance as the world's reserve currency relies on the protection of democratic principles and the rule of law.

Deep dives

The Impact of Teen Accounts on Safety and Privacy

Instagram is implementing features specifically designed to address safety concerns for teens online. These new teen accounts come with automatic protections, limiting who can contact them and filtering the content they can see. This initiative aims to provide peace of mind for parents while allowing teenagers the freedom to explore social media in a safer environment. These built-in limits not only protect teen users but also reinforce the platform's commitment to a responsible digital space for younger audiences.

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