GET https://rct.dev.bbntimes.com/global-economy/a-real-recovery-demands-a-back-to-basics-approach

Response
200 OK
IP
3.15.238.90
Profiled on
Token
b7a97f

ArticleController :: show

Request

GET Parameters

None

POST Parameters

None

Uploaded Files

None

Request Attributes

Key Value
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"_security_main"
_stopwatch_token 
"27ef17"
category 
"global-economy"
slug 
"a-real-recovery-demands-a-back-to-basics-approach"

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Header Value
accept 
"*/*"
accept-encoding 
"gzip, br, zstd, deflate"
connection 
"close"
cookie 
"PHPSESSID=qrb83mb1p40v8e9k4ui0m930l3"
host 
"rct.dev.bbntimes.com"
user-agent 
"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)"
x-php-ob-level 
"1"

Request Content

Request content not available (it was retrieved as a resource).

Response

Response Headers

Header Value
cache-control 
"no-cache, private"
content-type 
"text/html; charset=UTF-8"
date 
"Wed, 16 Apr 2025 06:58:16 GMT"
link 
"</build/runtime.js>; rel="preload"; as="script",</build/644.js>; rel="preload"; as="script",</build/502.js>; rel="preload"; as="script",</build/app.js>; rel="preload"; as="script",</build/view-more.js>; rel="preload"; as="script",</build/term-condition.js>; rel="preload"; as="script",</build/contact.js>; rel="preload"; as="script",</build/scroll-infinite-article.js>; rel="preload"; as="script",</build/app.css>; rel="preload"; as="style",</build/cookie-style.css>; rel="preload"; as="style",</build/term-condition-css.css>; rel="preload"; as="style",</build/contact-css.css>; rel="preload"; as="style",</build/comment-css.css>; rel="preload"; as="style""
x-debug-token 
"b7a97f"

Cookies

Request Cookies

Key Value
PHPSESSID 
"qrb83mb1p40v8e9k4ui0m930l3"

Response Cookies

No response cookies

Session 6

Session Metadata

Key Value
Created 
"Wed, 16 Apr 25 06:57:18 +0000"
Last used 
"Wed, 16 Apr 25 06:58:14 +0000"
Lifetime 
0

Session Attributes

Attribute Value
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_csrf/https-cookie_accept 
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Session Usage

6 Usages
Stateless check enabled
Usage
Symfony\Component\Security\Csrf\TokenStorage\SessionTokenStorage:76
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Symfony\Component\Security\Csrf\TokenStorage\SessionTokenStorage:79
Show trace 
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Symfony\Component\Security\Csrf\TokenStorage\SessionTokenStorage:52
Show trace 
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Symfony\Component\Security\Csrf\TokenStorage\SessionTokenStorage:56
Show trace 
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    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/http-kernel/HttpKernel.php"
    "line" => 181
    "function" => "show"
    "class" => "App\Controller\ArticleController"
    "type" => "->"
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    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/http-kernel/HttpKernel.php"
    "line" => 76
    "function" => "handleRaw"
    "class" => "Symfony\Component\HttpKernel\HttpKernel"
    "type" => "->"
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  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/http-kernel/Kernel.php"
    "line" => 197
    "function" => "handle"
    "class" => "Symfony\Component\HttpKernel\HttpKernel"
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    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/runtime/Runner/Symfony/HttpKernelRunner.php"
    "line" => 35
    "function" => "handle"
    "class" => "Symfony\Component\HttpKernel\Kernel"
    "type" => "->"
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  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/autoload_runtime.php"
    "line" => 29
    "function" => "run"
    "class" => "Symfony\Component\Runtime\Runner\Symfony\HttpKernelRunner"
    "type" => "->"
  ]
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    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/public/index.php"
    "line" => 5
    "args" => [
      "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/autoload_runtime.php"
    ]
    "function" => "require_once"
  ]
]
Symfony\Component\Security\Core\Authentication\Token\Storage\UsageTrackingTokenStorage:41
Show trace 
[
  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/security-core/Authentication/Token/Storage/UsageTrackingTokenStorage.php"
    "line" => 41
    "function" => "getMetadataBag"
    "class" => "Symfony\Component\HttpFoundation\Session\Session"
    "type" => "->"
  ]
  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/twig-bridge/AppVariable.php"
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    "function" => "getToken"
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    "function" => "twig_get_attribute"
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    "function" => "handle"
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    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/twig/twig/src/TemplateWrapper.php"
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    "line" => 453
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    "function" => "doRender"
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  [
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    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/http-kernel/HttpKernel.php"
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    "function" => "show"
    "class" => "App\Controller\ArticleController"
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    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/http-kernel/HttpKernel.php"
    "line" => 76
    "function" => "handleRaw"
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    "type" => "->"
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  [
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    "function" => "handle"
    "class" => "Symfony\Component\HttpKernel\HttpKernel"
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  [
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    "function" => "handle"
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    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/autoload_runtime.php"
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    "function" => "run"
    "class" => "Symfony\Component\Runtime\Runner\Symfony\HttpKernelRunner"
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  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/public/index.php"
    "line" => 5
    "args" => [
      "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/autoload_runtime.php"
    ]
    "function" => "require_once"
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]
Symfony\Component\Security\Http\Firewall\ContextListener:171
Show trace 
[
  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/security-http/Firewall/ContextListener.php"
    "line" => 171
    "function" => "remove"
    "class" => "Symfony\Component\HttpFoundation\Session\Session"
    "type" => "->"
  ]
  [
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    "line" => 116
    "function" => "onKernelResponse"
    "class" => "Symfony\Component\Security\Http\Firewall\ContextListener"
    "type" => "->"
  ]
  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/event-dispatcher/EventDispatcher.php"
    "line" => 220
    "function" => "__invoke"
    "class" => "Symfony\Component\EventDispatcher\Debug\WrappedListener"
    "type" => "->"
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  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/event-dispatcher/EventDispatcher.php"
    "line" => 56
    "function" => "callListeners"
    "class" => "Symfony\Component\EventDispatcher\EventDispatcher"
    "type" => "->"
  ]
  [
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    "function" => "dispatch"
    "class" => "Symfony\Component\EventDispatcher\EventDispatcher"
    "type" => "->"
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    "function" => "dispatch"
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  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/http-kernel/HttpKernel.php"
    "line" => 202
    "function" => "filterResponse"
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]

Flashes

Flashes

No flash messages were created.

Server Parameters

Server Parameters

Defined in .env

Key Value
APP_ENV 
"dev"
APP_SECRET 
"0a988e63f011514eaabfc650b599af4d"
CORS_ALLOW_ORIGIN 
"*"
DATABASE_URL 
"mysql://bbndb_rctuser:33F5W25z40or0f7@localhost:3306/rct_bbntimes"
GOOGLE_RECAPTCHA_SECRET_KEY 
"6LdV5fgpAAAAANxzTG8ZMfIjil1wu-1vrQvnUt-x"
GOOGLE_RECAPTCHA_SITE_KEY 
"6LdV5fgpAAAAAENKcn73MJAhQrbtQeqgyC4wDLMP"
MAILER_DSN 
"smtp://no-reply%40rct.dev.bbntimes.com:Bl6%26gLD48%26Of919@rct.dev.bbntimes.com:465"
MARIADB_PASSWORD 
"i!87pK&!85ezc8"

Defined as regular env variables

Key Value
APP_DEBUG 
"1"
BASE 
"/public"
CONTEXT_DOCUMENT_ROOT 
"/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com"
CONTEXT_PREFIX 
""
DOCUMENT_ROOT 
"/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com"
FCGI_ROLE 
"RESPONDER"
GATEWAY_INTERFACE 
"CGI/1.1"
HTTPS 
"on"
HTTP_ACCEPT 
"*/*"
HTTP_ACCEPT_ENCODING 
"gzip, br, zstd, deflate"
HTTP_CONNECTION 
"close"
HTTP_COOKIE 
"PHPSESSID=qrb83mb1p40v8e9k4ui0m930l3"
HTTP_HOST 
"rct.dev.bbntimes.com"
HTTP_USER_AGENT 
"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)"
PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY 
"0"
PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY 
"0"
PATH 
"/usr/local/sbin:/usr/local/bin:/usr/sbin:/usr/bin:/sbin:/bin:/snap/bin"
PHP_SELF 
"/public/index.php"
PP_CUSTOM_PHP_CGI_INDEX 
"plesk-php81-fastcgi"
PP_CUSTOM_PHP_INI 
"/var/www/vhosts/system/rct.dev.bbntimes.com/etc/php.ini"
QUERY_STRING 
""
REDIRECT_BASE 
"/public"
REDIRECT_HTTPS 
"on"
REDIRECT_PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY 
"0"
REDIRECT_PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY 
"0"
REDIRECT_REDIRECT_HTTPS 
"on"
REDIRECT_REDIRECT_PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY 
"0"
REDIRECT_REDIRECT_PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY 
"0"
REDIRECT_REDIRECT_SCRIPT_URI 
"https://rct.dev.bbntimes.com/global-economy/a-real-recovery-demands-a-back-to-basics-approach"
REDIRECT_REDIRECT_SCRIPT_URL 
"/global-economy/a-real-recovery-demands-a-back-to-basics-approach"
REDIRECT_REDIRECT_SSL_TLS_SNI 
"rct.dev.bbntimes.com"
REDIRECT_REDIRECT_STATUS 
"200"
REDIRECT_REDIRECT_UNIQUE_ID 
"Z_9VBzMPOH5Hdsjt6vRkTwAAABc"
REDIRECT_SCRIPT_URI 
"https://rct.dev.bbntimes.com/global-economy/a-real-recovery-demands-a-back-to-basics-approach"
REDIRECT_SCRIPT_URL 
"/global-economy/a-real-recovery-demands-a-back-to-basics-approach"
REDIRECT_SSL_TLS_SNI 
"rct.dev.bbntimes.com"
REDIRECT_STATUS 
"200"
REDIRECT_UNIQUE_ID 
"Z_9VBzMPOH5Hdsjt6vRkTwAAABc"
REDIRECT_URL 
"/public/global-economy/a-real-recovery-demands-a-back-to-basics-approach"
REMOTE_ADDR 
"3.15.238.90"
REMOTE_PORT 
"9422"
REQUEST_METHOD 
"GET"
REQUEST_SCHEME 
"https"
REQUEST_TIME 
1744786695
REQUEST_TIME_FLOAT 
1744786695.849
REQUEST_URI 
"/global-economy/a-real-recovery-demands-a-back-to-basics-approach"
SCRIPT_FILENAME 
"/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/public/index.php"
SCRIPT_NAME 
"/public/index.php"
SCRIPT_URI 
"https://rct.dev.bbntimes.com/global-economy/a-real-recovery-demands-a-back-to-basics-approach"
SCRIPT_URL 
"/global-economy/a-real-recovery-demands-a-back-to-basics-approach"
SERVER_ADDR 
"5.196.1.209"
SERVER_ADMIN 
"[no address given]"
SERVER_NAME 
"rct.dev.bbntimes.com"
SERVER_PORT 
"443"
SERVER_PROTOCOL 
"HTTP/1.1"
SERVER_SIGNATURE 
"<address>Apache Server at rct.dev.bbntimes.com Port 443</address>\n"
SERVER_SOFTWARE 
"Apache"
SSL_TLS_SNI 
"rct.dev.bbntimes.com"
SYMFONY_DOTENV_VARS 
"APP_ENV,APP_SECRET,DATABASE_URL,MARIADB_PASSWORD,CORS_ALLOW_ORIGIN,MAILER_DSN,GOOGLE_RECAPTCHA_SECRET_KEY,GOOGLE_RECAPTCHA_SITE_KEY"
UNIQUE_ID 
"Z_9VBzMPOH5Hdsjt6vRkTwAAABc"

Sub Requests 6

CookieController :: renderAnalysis (token = ec4e18)

Key Value
_controller 
"App\Controller\CookieController::renderAnalysis"
_format 
"html"
_locale 
"en"
_stopwatch_token 
"9f8eb3"

AppController :: renderHeader (token = c77496)

Key Value
_controller 
"App\Controller\AppController::renderHeader"
_format 
"html"
_locale 
"en"
_stopwatch_token 
"9b0189"
slug 
"home"

ArticleController :: trendingArticle (token = aa28d1)

Key Value
_controller 
"App\Controller\ArticleController::trendingArticle"
_format 
"html"
_locale 
"en"
_stopwatch_token 
"e6a095"
category 
"Global Economy"

ArticleController :: relatedArticles (token = acce8c)

Key Value
_controller 
"App\Controller\ArticleController::relatedArticles"
_format 
"html"
_locale 
"en"
_stopwatch_token 
"727047"
current_article 
App\Entity\Article {#1094
  -id: 6342
  -title: "A Real Recovery Demands a Back-to-Basics Approach"
  -slug: "a-real-recovery-demands-a-back-to-basics-approach"
  -introtext: "<p class="p1"><span class="s1" style="color: #000000;">The macro data published in May and June so far shows a lackluster recovery, with significant challenges both in the pace of&nbsp;<span style="color: #808080;"><a style="color: #808080;" href="https://www.theepochtimes.com/t-unemployment"><span class="s2">unemployment</span></a></span>&nbsp;reduction and the improvement in consumption and investment.</span></p>\r\n"
  -content: """
    \r\n
    <p class="p1"><span class="s1" style="color: #000000;">According to the&nbsp;<span style="color: #808080;"><a style="color: #808080;" href="https://unctad.org/en/pages/newsdetails.aspx?OriginalVersionID=2313"><span class="s2">United Nations</span></a></span>, global foreign direct investment is expected to fall 40 percent from pre-COVID levels in 2021, while U.S. and eurozone unemployment figures are likely to remain elevated even in a recovery.</span></p>\r\n
    <p><a href="https://www.youtube.com/watch?v=u3BCkYUJmDY&amp;feature=emb_title"><img src="/images/Emerging_Markets.png" alt="Emerging Markets" width="685" height="384" /></a><br /><br /></p>\r\n
    <p class="p1"><span class="s1" style="color: #000000;">So far, the global response to the COVID-19 crisis has been demand-side driven. Governments have launched massive loan programs and subsidies while central banks have injected liquidity in unprecedented ways. The balance sheet of the European Central Bank stands at 47 percent of GDP, with the Federal Reserve at 33 percent on the week ending June 19.</span></p>\r\n
    <p class="p1"><span class="s1" style="color: #000000;">However, these extraordinary measures are generating only a small impact, as most of them are simply additions to the already aggressive fiscal and monetary policies of the past years. The diminishing returns of demand-side policies have been evident in 2019, with the eurozone in stagnation, and Japan.</span></p>\r\n
    <p><a href="https://www.youtube.com/watch?v=h3LMKWNbuJI&amp;feature=emb_title"><img src="/images/Printing_Money_Creates_Zombie_Firms.png" alt="Printing Money Creates Zombie Firms" width="681" height="382" /></a><br /><br /></p>\r\n
    <p class="p1"><span class="s1" style="color: #000000;">The main reason for the poor results is the fact that this is not a demand problem but the effect of a government forced&nbsp;<span style="color: #808080;"><a style="color: #808080;" href="https://www.theepochtimes.com/t-lockdown"><span class="s2">lockdown</span></a></span>. The industrial fabric, talent, capital, and productive capacity of the major economies is intact. Therefore, adding credit facilities and liquidity injections helps economic growth in an exceedingly small way.</span></p>\r\n
    <p class="p1"><span class="s1" style="color: #000000;">The loss of jobs and increase in business failures is coming mostly from an often-neglected part of the economy: new companies and small businesses. Small businesses are almost 50 percent of all companies in the developed economies, and important job creators.</span></p>\r\n
    <p class="p1"><span class="s1" style="color: #000000;">Small businesses create up to 50 percent of employment in the United States, according to MIT research. New businesses account for virtually all new job creation in the United States and nearly 20 percent of gross job creation, according to a 2013 study by the&nbsp;<span style="color: #808080;"><a style="color: #808080;" href="https://www.kauffman.org/resources/entrepreneurship-policy-digest/the-importance-of-young-firms-for-economic-growth/"><span class="s2">Kauffman Foundation</span></a></span>.</span></p>\r\n
    <p class="p1"><span class="s1" style="color: #000000;">There’s a debate in academic forums on the job creation power of small businesses, but no one denies it’s truly relevant. What is undeniable is that new companies account for most job creation and that the key factor in the unemployment reduction is to have companies that survive. The number of years a business has been running is unquestionably the most important factor in job creation.</span></p>\r\n
    <p class="p1"><span class="s1" style="color: #000000;">Once we understand the importance of small businesses and lasting ones, we can also adapt economic policies to maximize the potential of the economy and its recovery. These two factors, size and lifespan of businesses, demand a back-to-basics approach that centers policy on supply-side measures to optimize the impact of government and central bank action.</span></p>\r\n
    <p class="p1"><span class="s1" style="color: #000000;">To incentivize the creation of new companies, we can’t use demand-side policies; they don’t work. Tax incentives and measures that make job creation less burdensome are key. Small and new businesses rarely have access to credit or benefit from central bank policies, because they don’t own assets, and most of them barely qualify for loans.</span></p>\r\n
    <p class="p1"><span class="s1" style="color: #000000;">That’s why the eurozone and the United States must return to supply-side measures if they want to support a strong and sustainable recovery. As I explained last week in “<span style="color: #808080;"><a style="color: #808080;" href="https://www.theepochtimes.com/the-risk-of-the-bailout-of-everything_3387871.html"><span class="s2">The Risk of the Bailout of Everything</span></a></span>,” the return to economic growth may be poor if we drown the economy in a sea of liquidity and if governments implement massive tax increases that choke the possibility of creating new businesses and developing small ones.</span></p>\r\n
    <p class="p1"><span class="s1" style="color: #000000;">Governments are focused on providing liquidity to let existing large businesses survive. There’s nothing wrong in that if it’s properly directed and avoids the zombification of the economy. The problem is that governments are ignoring the job creation power of new businesses and small ones. The policies must be directed at incentivizing the creation of new companies, start-ups, and also to preventing the small ones from disappearing, especially when the chain of business failures is not due to a strategy or competitive fault but a forced shutdown.</span></p>\r\n
    <p class="p1"><span class="s1" style="color: #000000;">Governments need to go back to basics. Come back to balanced budgets and attractive taxation that supports new businesses and the development of firms. The recovery will not come from bloated budgets directed toward entitlements and current spending that inevitably lead to tax increases and a weaker growth. It’s time to recover policies aimed at an economy that strengthens due to prudent saving and investment instead of one driven by debt and reckless spending.</span></p>
    """
  -user: Proxies\__CG__\App\Entity\User {#1092 …}
  -createdAt: DateTime @1592999820 {#1145
    date: 2020-06-24 11:57:00.0 UTC (+00:00)
  }
  -updatedAt: DateTime @1592999855 {#1150
    date: 2020-06-24 11:57:35.0 UTC (+00:00)
  }
  -deletedAt: null
  -category: App\Entity\Category {#445 …}
  -status: "published"
  -imageCard: Proxies\__CG__\App\Entity\File {#1184 …}
  -ImageHeader: Proxies\__CG__\App\Entity\File {#1184 …}
  -featured: false
  -mainView: false
  -clicks: 1778
  -comments: Doctrine\ORM\PersistentCollection {#1125 …}
  -reviewed_at: DateTime @1592999820 {#1148
    date: 2020-06-24 11:57:00.0 UTC (+00:00)
  }
  -metakey: "A Real Recovery Demands a Back-to-Basics Approach"
  -metadesc: "The macro data published in May and June so far shows a lackluster recovery, with significant challenges both in the pace of\u{A0}unemployment\u{A0}reduction and the improvement in consumption and investment."
  -robots: null
  -publishedAt: DateTime @1592999820 {#1147
    date: 2020-06-24 11:57:00.0 UTC (+00:00)
  }
  -canonical: null
  -superTag: null
}

AppController :: renderFooter (token = 088f5a)

Key Value
_controller 
"App\Controller\AppController::renderFooter"
_format 
"html"
_locale 
"en"
_stopwatch_token 
"b4dfd1"

CookieController :: renderCookie (token = 2f77f3)

Key Value
_controller 
"App\Controller\CookieController::renderCookie"
_format 
"html"
_locale 
"en"
_stopwatch_token 
"c480be"