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World and US News: Economy

2019-06-17, 19:04

‘Catastrophic,’ ‘Cataclysmic’: Trump’s Tariff Threat Has Retailers Sounding Alarm Struggling to compete against online rivals, retailers could be forced to close more stores if tariffs hit Chinese footwear, toys and apparel, analys...
2019-06-16, 12:13

Trade war costs overpower tax-cut gains at Cummins. Consumers may be next At enginemaker Cummins Inc., the costs of President Trump's trade war have already topped savings from sweeping corporate tax cuts enacted by a Repub...
2019-06-16, 07:13

Poll finds little Republican support for spending cuts A majority of Republican voters oppose federal spending cuts to areas such as healthcare, the environment, and social welfare programs, according to ...
2019-06-15, 20:39

Don't let oil prices drive Iran policy, Mr. President Iran's escalation of hostility in the Gulf of Oman is a dangerous situation. Targeting civilian oil and chemical tankers, Iran is threatening free pa...
2019-06-15, 09:26

Trump's 'secret' agreement with Mexico revealed President Trump teased the media this week when he dangled a one-page document he said contained a "secret" deal with Mexico in front of journalists....
2019-06-15, 02:39

Ahead of 2020 elections, situation in Burundi shows encouraging signs but remains fragile A UN Security Council meeting on the security and political situation in Burundi was held on Friday, as the country continues to grapple with a four-...
2019-06-15, 00:13

US business inventories rebound; sales fall U.S. business inventories rebounded in April as sales fell, but inventory accumulation is still expected to be a drag on economic growth in the secon...
2019-06-14, 19:39

He who Laffs last When President Trump announced he was awarding the Presidential Medal of Freedom to economist Arthur Laffer, there were groans of dismay in Washingto...
2019-06-14, 07:13

Why South America's prospects are looking up My career as a financial tipster lasted only a few seconds, but, if I say so myself, it went rather well. In the hours that followed Donald Trump’s e...
2019-06-14, 07:13

With US-China talks stalled, critics fear tariffs will stay for the long term Lawmakers and the business community are growing increasingly concerned that President Trump's tariffs on Chinese goods will be around for the long t...
2019-06-14, 07:13

Hispanics stick with Trump despite tough border stance President Trump is poised to launch his 2020 reelection as popular with Hispanic voters as other Republicans, bucking predictions that provocative na...
2019-06-14, 07:13

US weekly jobless claims unexpectedly rise, sparking fears the labor market is losing steam First-time claims for state unemployment benefits were expected to total 216,000, down slightly from the 218,000 claims reported for the previous wee...
2019-06-13, 18:52

US import prices post the largest drop in 5 months U.S. import prices fell by the most in five months in May amid a broad decline in the cost of goods, the latest indication of muted inflation that st...
2019-06-13, 18:52

Jobs and education help women advance, not abortion Kathryn Kaufman, the managing director for Global Women's Issues at the Overseas Private Investment Corporation, recently wrote that as a Republican ...
2019-06-13, 16:39

Trump accuses China of backing away from trade deal President Trump claimed Wednesday that the U.S. had a trade deal with China mostly complete in late April before Beijing tried to walk back concessio...
2019-06-13, 06:13

Georgia PM: We've fought together — now let's do business I have a quiz for my friends in the United States: Which country has sent troops to serve alongside American forces in Afghanistan, Iraq, and Kosovo?...
2019-06-13, 06:13

Party of the rich? Millionaires prefer Joe Biden over Trump It must be true that the Democrats are the party of the downtrodden rather than the millionaires, for they tell us so repeatedly. What's odd, though,...
2019-06-13, 06:13

Trump Isn’t Alone. These Millennials on the Left Want Low Interest Rates, Too. Sam Bell and his colleagues at Employ America want the central bank to cut interest rates now, and to lift them less quickly after the next recession...
2019-06-12, 23:26

Mitch McConnell: 'The president deserves applause' on agreement with Mexico Senate Majority Leader Mitch McConnell congratulated President Trump after Trump’s gambit to force Mexico to adopt stiffer immigration policies paid ...
2019-06-12, 15:26

College students need new financial habits to avoid piling up credit card debt The broke college kid isn’t just a stereotype: A new survey shows that 36% of college students have more than $1,000 in credit card debt. EVERFI, an ...
2019-06-12, 15:26

Mick Mulvaney guzzles the deficit Kool-Aid As a member of the House of Representatives, Mick Mulvaney was a stalwart voice for deficit reduction and spending reform. He recognized that entitle...
2019-06-12, 15:26

Rep. Crenshaw sends X-ray of missing eye to journalist who questioned his patriotism Texas Rep. Dan Crenshaw fired back at a New York Times contributing opinion writer for questioning his patriotism and claiming he was not signed on t...
2019-06-12, 07:26

Senate will try to advance Trump's border funding request next week The Senate next week will try to advance President Trump’s emergency spending request to deal with the massive surge in illegal immigration on the Te...
2019-06-11, 22:39

4 Questions Hovering Over Deal to Create a Giant Defense Contractor Raytheon and United Technologies say that joining forces will be good for America. But President Trump and antitrust experts worry that the deal coul...
2019-06-11, 20:26

Trump touts low inflation moments after his onetime Fed pick argued for a rate cut to boost it "The Fed has to cut rates because prices have been falling and once those prices stabilize you just stop cutting rates," says the onetime Trump Fed p...
2019-06-11, 20:13

'Tariff Man' Trump heads to Iowa, a state scarred by his trade war ahead of 2020 Trump's trip to Iowa shows an effort to contain the damage from tariffs ahead of the 2020 election — especially as Democratic presidential candi...
2019-06-11, 20:13

Biden reverses course: 'We need to get tough with China' Former Vice President Joe Biden on Tuesday plans on reversing his earlier stance on China, acknowledging during remarks in Iowa he is "worried" about...
2019-06-11, 17:39

Border troops, nuclear strategy and Space Force among flashpoints in House defense proposal The House Committee on Armed Service's proposal for next year's defense budget covers sharp policy disagreements between the panel's majority Democra...
2019-06-11, 17:13

Trump says 'devalued' currencies put US at a disadvantage and the Fed doesn't have a 'clue' President Donald Trump said Tuesday the U.S. is at a disadvantage compared to other major currencies like the euro as other central banks keep intere...
2019-06-11, 15:13

Brexit leader Nigel Farage poised to open his own trade talks with Trump LONDON — Nigel Farage, the leader of Britain’s Brexit Party, is planning to start his own trade talks with the White House amid frustration that the ...
2019-06-11, 06:52

Canada-style refugee deal still on the table in Trump talks with Mexico The Trump administration's deal with Mexico on Friday to avoid tariffs could lead to Mexico adopting the same agreement Canada has with the U.S. rega...
2019-06-11, 06:52

What's the matter with California? California wants to look after its people, so it keeps expanding its social safety net. It also wants to welcome all comers and so embraces illegal i...
2019-06-11, 06:52

House cancels vote on pay raises for lawmakers House Democrats withdrew a bill scheduled for a vote this week that would have provided a cost of living pay increase to lawmakers and congressional ...
2019-06-11, 04:13

UN makes ‘declaration of digital interdependence’, with release of tech report The digital future must be safer and more inclusive, says a new tech report, “the Age of Digital Interdependence”, released on Monday by the UN High ...
2019-06-10, 21:01

The future of work ‘with social justice for all’ tops agenda of centenary UN Labour conference The Centenary International Labour Conference got underway on Monday at the UN in Geneva, with ILO chief Guy Ryder, calling on hundreds of delegates ...
2019-06-10, 21:01

Trump slams the Chamber of Commerce over tariffs disagreement President Trump said Monday that the U.S. Chamber of Commerce was critical of his tariffs and immigration policies because it doesn't represent the i...
2019-06-10, 20:13

In an era of big corporate deals, CNBC's Top States for Business reveals who has an edge CNBC will release its America's Top States for Business 2019 survey in July. This year's competitive landscape is especially tricky, thanks...
2019-06-10, 17:13

Chamber of Commerce blasts Trump on tariffs — and then the president calls CNBC to fight back The president's tariff strategy "creates uncertainty with our trading partners," says a top official at the world's largest business lobbyi...
2019-06-10, 17:13

US business groups relieved Mexican tariffs averted The nation's leading business groups expressed relief Saturday over the White House's announcement it had reached a deal with Mexico and would be dro...
2019-06-09, 00:26

Mexico: Tariff deal with US struck 'fair balance' Mexican negotiators hailed the new tariff-averting immigration deal with the United States as a “fair balance” between their priorities and the more ...
2019-06-09, 00:26

Trump cheers Dow's best week of the year The Dow Jones Industrial Average climbed more than 250 points Friday, ending the index's best week of the year, as lackluster economic news prompted ...
2019-06-08, 06:39

Trump likely to win his interest-rate cut after dour jobs data If there's an upside for the White House in May's lackluster employment growth, it's this: the Federal Reserve is far more likely to grant the intere...
2019-06-07, 21:39

Trump says 'good chance' of deal with Mexico President Trump kept hopes alive Friday that U.S. would reach a deal with Mexico to end his threat to levy new tariffs on all of its goods starting M...
2019-06-07, 21:39

Key economic forum in Russia: New technology a ‘vector of hope’ but also ‘a source of fear’ says Guterres Technological innovation is continuing to transform the world, with the potential to propel us all towards reaching the 2030 Sustainable Development ...
2019-06-07, 20:52

White House economist: Jobs report shows risks to economy, but still reasons for optimism Top Trump economic adviser Kevin Hassett said that Friday’s jobs report indicates higher risks to the economy but that he remains hopeful job growth ...
2019-06-07, 20:26

Pelosi: Jobs report shows Trump 'hollowing out our economy' House Speaker Nancy Pelosi said the May Department of Labor report showing only 75,000 jobs were created “is a disturbing sign that the Administratio...
2019-06-07, 18:39

White House delays tariff hike on numerous Chinese products The U.S. Trade Representative's Office announced on Friday that it was officially delaying for a week tariff hikes on numerous products imported from...
2019-06-07, 18:39

Record low unemployment for workers without bachelor’s degrees in May Unemployment for workers without bachelor’s degrees fell to the lowest rate on record in May, according to Bureau of Labor Statistics data released F...
2019-06-07, 15:39

Georgia stands to lose $9.2 billion in Hollywood business Initially, Georgia Gov. Brian Kemp dismissed the Hollywood actors criticizing the so-called heartbeat abortion bill he signed in early May as "C-list...
2019-06-07, 07:13

Trade negotiators cope with Trump’s surprise comments President Trump’s surprise threat to impose new tariffs on Mexico over immigration underscored that he has been a disruptive force not just to U.S. t...
2019-06-07, 07:13

Carbon pollution import tax proposed by Biden and Inslee would be unworkable, economists warn Presidential candidates Joe Biden and Jay Inslee both took a shot at China and other heavy-polluting countries this week by releasing climate change ...
2019-06-07, 07:13

Why is Planned Parenthood flipping out over the Hyde Amendment if abortion is really 3% of what they do? At one time, the Democratic Party took a seemingly moderate stance on abortion. Many of their politicians, including Hillary Clinton, even endorsed "...
2019-06-07, 06:26

Warren recognizes 2020 campaign staff union Elizabeth Warren acknowledged Thursday that her presidential campaign staff had unionized, meaning that she will not contest the International Brothe...
2019-06-06, 23:00

Bernie Sanders’ socialist policies would crush the Walmart workers he says he’s fighting for Sen. Bernie Sanders, I-Vt, isn’t one to mince words when it comes to corporate greed. On Wednesday, the presidential candidate attended a Walmart sha...
2019-06-06, 23:00

Trump says 'at least' $300B in new China tariffs possible President Trump said Thursday that while trade negotiations remain ongoing with China, his administration was preparing "at least" $300 billion in ne...
2019-06-06, 20:13

Trump says he'll decide on China tariffs after G-20 summit President Trump said Thursday that he would make a decision on whether to impose 25% tariffs on $300 billion of Chinese goods after the G-20 summit i...
2019-06-06, 20:13

Mexican president optimistic for deal with White House to avoid tariffs Mexican President Andrés Manuel López Obrador said Thursday he remained optimistic that a deal with the Trump administration could be reached to avoi...
2019-06-06, 20:13

Democrat to force vote on Mexico tariffs if Trump follows through on threat House Ways and Means Committee Chairman Richard Neal said Thursday that he will introduce legislation to block President Trump from imposing new tari...
2019-06-06, 20:13

Why Louisiana is missing out on the Trump boom It’s morning in America again. After years of economic stagnation under former President Barack Obama, America is booming. Thanks to President Trump’...
2019-06-06, 06:39

Trump administration discontinues English classes, recreational programs for unaccompanied minors in shelters The Trump administration is ending English classes, recreational activities, and legal aid for unaccompanied minors in federal migrant shelters becau...
2019-06-06, 04:39

Longtime US Chamber of Commerce CEO Tom Donohue to step down in 2022 Longtime U.S. Chamber of Commerce head Tom Donohue will step down as CEO in June 2022, the business group said Wednesday, and relinquish his title as...
2019-06-06, 02:26

Walmart and the Bernie Sanders school of Chernobyl economics Sen. Bernie Sanders, I-Vt., reminded us on Wednesday that he has about as much economic sense as President Trump has Twitter decorum. The socialist s...
2019-06-06, 02:26

Walmart against monopolies: The retail giant is filing a price-fixing lawsuit against a shady Brazilian meatpacker In late May, Walmart filed an antitrust lawsuit against over a dozen poultry producers, including Pilgrim's Pride, a subsidiary of the Brazilian-owne...
2019-06-06, 02:26

Revisiting the old New Deal When Alexandria Ocasio-Cortez and her allies proposed a new stimulus package to take on climate change and income inequality, they called it the Gree...
2019-06-05, 22:01

The Tariff Man's Mexican mischief In an ironic turn of events, the day after President Trump shocked the world with his plan to impose border taxes on all imports from Mexico beginnin...
2019-06-05, 22:01

Trump's trade war could cost him Texas and the presidency As Senate Republicans wait on tenterhooks for Vice President Mike Pence to talk trade with Mexico's foreign minister, a new Quinnipiac poll should ha...
2019-06-05, 22:01

Mexico readies list of US products for retaliation if Trump follows through with tariffs threat Mexican President Andrés Manuel López Obrador has received a list of U.S. products that his country would slap with tariffs if President Trump follow...
2019-06-05, 22:01

Border state governor criticized from all angles for supporting Trump's tariff plan Arizona Gov. Doug Ducey, a Republican, has made several enemies in backing President Trump’s new tariffs on Mexico. Ducey says border states such as ...
2019-06-05, 22:01

Trump says 'every signal' is China wants a trade deal President Trump said Wednesday China wants to reach a trade deal with the United States. He also predicted that a deal with Mexico to avoid creating ...
2019-06-05, 20:00

The economy is slowing, but not as bad as Wednesday's private payrolls report suggests Economists say while the soft ADP number is an anomaly, they do think the job market is weakening and will worsen if Trump moves forward with tariffs...
2019-06-05, 20:00

Elizabeth Warren is wrong: This race really is about the size and scope of government Presidential hopeful Sen. Elizabeth Warren, D-Mass., wants you all to know that she is very much a capitalist and a patriot. So much so she wants to ...
2019-06-05, 16:52

Modern Monetary Theory’s Reluctant Poster Child: Japan Despite its huge debt, the country remains an economic powerhouse. Some say it provides a model for the United States, but its leaders disavow the id...
2019-06-05, 09:52

Yes, a nationwide $15 minimum wage would be quite damaging Praise be, we now have the economic research to prove that higher minimum wages have no ill effects, so let's push onward to $15 an hour for all, rig...
2019-06-05, 09:00

Republicans join Democrats to kill Rand Paul's fiscally responsible Pennies Plan because no one cares about the debt crisis That was a nice decade of Republicans pretending to care about our $22 trillion national debt and annual multitrillion-dollar deficit. But as of Mond...
2019-06-05, 02:52

Mexican president expects immigration tariff deal with US soon Mexican President Andrés Manuel López Obrador said Tuesday he believes a deal is close that would end the Trump administration's threat to impose tar...
2019-06-04, 19:26

Warren proposes creating 'Department of Economic Development' modeled after China's policies Sen. Elizabeth Warren, D-Mass., a top contender for the Democratic presidential nomination, proposed Tuesday replacing the Commerce Department with a...
2019-06-04, 19:26

Republican senator predicts Congress will try to vote down Trump tariffs on Mexico Sen. Rob Portman, R-Ohio, said Tuesday he believes Congress would engage in a bipartisan vote to disapprove of President Trump's new tariffs on Mexic...
2019-06-04, 19:26

Trump expects Mexico tariffs to go into effect next week President Trump said Tuesday that his administration would likely go ahead and impose new tariffs on Mexico on Monday despite talks this week between...
2019-06-04, 19:26

On fourth try, House passes $19.1B disaster aid package House lawmakers cleared a critical disaster aid package Monday, overruling a group of conservatives who had blocked unanimous consent of the measure ...
2019-06-04, 04:13

Chipotle to consider raising prices in response to Trump tariffs Chipotle Mexican Grill is considering increasing prices after 2019 costs are predicted to rise by about $15 million because of tariffs proposed last ...
2019-06-04, 04:00

Mexico rejects idea to keep Central American asylum seekers Mexican Foreign Minister Marcelo Ebrard said Monday that his country would reject a proposed solution to the immigration and tariff stand-off with th...
2019-06-04, 04:00

Rich states, poor states: How a federal minimum wage hike would widen the gap With growing enthusiasm for lifting the federal minimum wage in Congress, it’s time to consider some data on wages and differences in the cost of liv...
2019-06-03, 19:39

Trump can help the UK out of the Brexit madness The slow motion resignation of long-since powerless British Prime Minister Theresa May, who is embarrassingly clinging to office until after Presiden...
2019-06-03, 06:13

Mulvaney: Mexico tariffs a response to 'extraordinary circumstances' at the border Acting White House chief of staff Mick Mulvaney said that the president’s move to impose tariffs on Mexico stemmed from “extraordinary circumstances”...
2019-06-02, 18:13

Trump dismisses attempt by ‘abuser’ Mexico to negotiate tariffs President Trump Sunday derided Mexico's effort to negotiate away his threat to impose 5% tariffs, calling the nation an "abuser" of the United States...
2019-06-02, 16:26

NIMBY California Democrats California's increasingly left-wing residents want open borders, and they want their state to give handouts to immigrants, legal and illegal. But the...
2019-06-02, 09:39

Business groups warn Trump's new tariffs on Mexico jeopardize USMCA The nation's leading business trade associations warned that President's Trump's decision to slap tariffs on Mexico to force it to halt mass immigrat...
2019-06-01, 23:00

GOP lawmakers say Trump's Mexican tariffs endanger USMCA Republican lawmakers warn that President Trump has imperiled the ratification chances of his U.S.-Mexico-Canada Agreement on trade by announcing a 5%...
2019-06-01, 23:00

Chamber of Commerce could challenge Trump's Mexico tariffs in court The Chamber of Commerce may give President Trump a legal fight over his plan to slap 5% tariffs on all Mexican goods, eventually rising to 25%, if th...
2019-06-01, 23:00

US-Mexico talks to resolve tariff stand-off start next week Mexican Foreign Minister Marcelo Ebrard said talks are already being planned between his country and the U.S. to resolve President Trump's threat to ...
2019-06-01, 23:00

Conservative immigration analysts: Trump tariffs could worsen border crisis Conservative immigration experts warned Friday that President Trump's threat to impose a tariff on Mexican imports would have "devastating" consequen...
2019-06-01, 23:00

Harris breaks with Schumer to take aim at 'Trump's trade tax' SAN FRANCISCO — California Sen. Kamala Harris attacked President Trump's tariffs against China as a "trade tax" against average Americans during her ...
2019-06-01, 23:00

Friday’s Daily Brief: Fundraising for Mozambique, Assange’s rights, Asia-Pacific development, Somalia and Sudan updates This Friday, we cover: a donor conference to support life-saving and recovery aid for Mozambique following two recent devastating cyclones; the need ...
2019-06-01, 01:00

Trump's trade director has his thinking on imports all wrong Writing about free and fair trade recently in the Wall Street Journal, President Trump’s director of trade and manufacturing policy Peter Navarro too...
2019-05-31, 15:26

From philanthropy to profit: how clean energy is kickstarting sustainable development in east Africa Until recently, Namacurra district, in the Zambezia province of Mozambique, some 1,500 km from the capital Maputo, did not have any basic services – ...
2019-05-31, 15:00

Report shows tax incentives hurt states' fiscal health Under criticism from newly elected Rep. Alexandria Ocasio-Cortez, D-N.Y., and other progressive politicians, e-commerce giant Amazon pulled out of it...
2019-05-31, 08:52

Monthly US trade deficit rises slightly to $72.1 billion The U.S. Census Bureau reported Thursday that the international trade deficit in goods rose to $72.1 billion in April, up a marginal 0.3% from March'...
2019-05-31, 05:26

Disney and Netflix should quit Georgia and quit seeking subsidies It’s a story you’ve seen before. Red states pass laws the Left find objectionable, and within days, the entertainment sector threatens to leave that ...
2019-05-31, 05:26

Trump could threaten Mexico with tariffs over immigration President Trump is reportedly planning to threaten Mexico with new sanctions in order to encourage the country to crack down on illegal border crossi...
2019-05-31, 05:26

Conservatives can't win cultural wars without capitalist ones The current mini-fracas fracturing the Right has little to do with President Trump or even tone, as Sohrab Ahmari insists, but rather which trade-off...
2019-05-31, 05:26

Top union hit with 'unfair practices' claim by union for its office workers The union representing office workers for the Service Employees International Union filed an unfair practices complaint against the larger union Thur...
2019-05-31, 05:26

Third House conservative blocks $19B disaster aid measure For the third time in a week, House conservatives blocked a $19.1 billion disaster aid package, chastising lawmakers for attempting to pass a major s...
2019-05-31, 01:26

US weekly jobless claims increase slightly First-time claims for state unemployment benefits were expected to total 215,000 in the most recent week, following the 211,000 claims reported for t...
2019-05-30, 17:39

US moves to impose tariffs on Chinese kegs, mattresses The Commerce Department announced Wednesday that it would impose duties from 39% to as high as 1,732% on imports of Chinese mattresses. In a separate...
2019-05-30, 06:13

Jobs are at stake — pass the USMCA At the end of 2018, the Trump administration finalized the renegotiated North American Free Trade Agreement, resulting in a new trade deal now called...
2019-05-30, 06:13

USMCA's fate up to Pelosi, White House official says The fate of President Trump's U.S.-Mexico-Canada Agreement on trade is entirely based on whether House Speaker Nancy Pelosi, D-Calif., agrees to sche...
2019-05-30, 01:26

Canada begins process to ratify USMCA trade deal Canadian Prime Minister Justin Trudeau formally introduced legislation to his country's parliament Wednesday to ratify the U.S.-Mexico-Canada Agreeme...
2019-05-30, 01:26

‘Ground-breaking innovation’ needed in cities, where battle for sustainable development will be won or lost, says UN agency chief If the battle to achieve the Sustainable Development Goals (SDGs) is to be won or lost in cities, then they need to “achieve a lasting impact on comm...
2019-05-30, 00:39

CBO director says economic growth will fall below 2% Outgoing Congressional Budget Office Director Keith Hall said Wednesday that he expected economic growth to dip in coming years, and that President T...
2019-05-29, 21:01

Illinois plans to self-destruct Here's a basic principle for 21st-century governance: to attract investment and high-skilled workers, a government must make it attractive to do busi...
2019-05-29, 19:26

Chamber lobby sees Congress moving on USMCA without fulfilling Democratic demand for renegotiation The U.S. Chamber of Commerce sees congressional Democrats backing off their demand that President Trump's U.S.-Mexico-Canada Agreement on trade must ...
2019-05-29, 19:26

China hints at cutting off US from rare earth minerals The Chinese government threatened Wednesday to limit exports of rare earths — chemical components used in various types of high-tech equipment — as p...
2019-05-29, 19:26

The market now thinks the Fed will cut rates twice by January 2020 Futures trading indicated a 63% chance of a September cut and a 62% probability of another easing by January, according to the CME's FedWatch to...
2019-05-29, 18:52

Bernie Sanders and AOC basically want to ban credit cards Rep. Alexandria Ocsaio-Cortez, D-N.Y., and 2020 candidate Sen. Bernie Sanders, I-Vt., have apparently decided to try to ban credit cards. Sure, that'...
2019-05-29, 05:26

Trump's China tariffs drag business profitability to pre-tax cut levels The likelihood of corporate profit margins tumbling from a 2018 record to pre-tax cut levels or lower increased after President Trump brushed off the...
2019-05-29, 05:26

College costs rising faster than inflation College costs are about to get even higher. The Higher Education Price Index is forecasting inflation for U.S. colleges and universities to increase ...
2019-05-28, 16:00

4 Years of College, $0 in Debt: How Some Countries Make Higher Education Affordable When we asked people around the world what sort of financial burden they bore for their higher education, we heard how much it varies from country to...
2019-05-28, 11:26

Hollywood's boycott of Georgia over heartbeat bill could squeeze state's economy A boycott of Georgia spearheaded by actors and producers in the wake of the state’s new abortion restriction threatens to upend its position as the H...
2019-05-25, 06:13

Trump ratchets up farm assistance as trade war broadens The $16 billion in aid to farmers that the Trump administration announced Friday is an increase on the $12 billion aid package last year. Administrat...
2019-05-24, 07:26

Trump-China trade war assistance package includes $14.5B in 'direct payments' to farmers The Trump administration said Thursday that it would provide $14.5 billion in "direct payments" to farmers as part of an aid package to offset the da...
2019-05-24, 00:39

Trump says he may send USMCA deal to Congress soon, triggering deadline President Trump said Thursday that he may send his U.S.-Mexico-Canada Agreement on trade to Congress soon, imposing a 60-day deadline for lawmakers t...
2019-05-24, 00:39

Americans aren't having enough kids, and it shows Americans aren’t having babies like they used to. In fact, the U.S. birthrate fell to a 32-year low last year, according to a new report from the Cen...
2019-05-23, 19:26

House passes fix for Gold Star family tax hikes The House of Representatives on Thursday passed a fix to a glitch in the 2017 GOP tax overhaul that generated big tax hikes on federal survivor benef...
2019-05-23, 19:26

US weekly jobless claims unexpectedly fall First-time claims for state unemployment benefits were expected to total 215,000 for the most recent week, up slightly from the 212,000 claims report...
2019-05-23, 19:13

Trump administration unveils $16 billion bailout to farmers hurt by China trade war The Trump administration announced a $16 billion aid program for American farmers that includes a three-pronged package of aid for American farmers w...
2019-05-23, 19:13

USDA chief Sonny Perdue promises $16B for farmers to offset China trade war losses Agriculture Secretary Sonny Perdue said Thursday that the administration will offer $16 billion in aid to farmers to offset the losses caused by the ...
2019-05-23, 15:52

Sen. John Thune: The Senate is working for America During his 1980 debate with then-President Jimmy Carter, Ronald Reagan famously asked Americans whether they were better off than they’d been four ye...
2019-05-23, 10:39

Republicans fret Trump tariffs could backfire in 2020 even as they applaud stand against China SAVANNAH, Ga. — Republicans fret the confrontation with China could spiral out of control and derail the booming economy they are counting on to hold...
2019-05-23, 10:39

Majority of Americans approve of Trump's handling of economy, credit his policies: Poll A majority of Americans approve of how President Trump has handled the economy, feel confident about their personal finances, and believe Trump's pol...
2019-05-23, 00:26

House set to send Trump a fix for Gold Star family tax hikes The House is set to pass legislation on Thursday that would fix a quirk in the 2017 GOP tax overhaul that has generated big tax hikes on federal surv...
2019-05-23, 00:26

Grassley says China stalling on trade in hopes Democrat replaces Trump Senate Finance Committee Chairman Chuck Grassley, R-Iowa, said Wednesday that he now believes that China is intentionally stalling in trade talks wit...
2019-05-22, 22:13

'What happened to all the file clerks?' Automation makes humans more useful, not less A nice piece on the BBC website today illustrates the fallacy behind this idea that robots will make humans useless. The piece describes the creation...
2019-05-22, 22:13

Infrastructure week appears to be dead. Good I have little interest in posturing Democratic investigations into the Trump administration, or in President Trump's often intemperate reaction to th...
2019-05-22, 21:13

Democrats dig in against USMCA vote Key Democrats said Wednesday that they still opposed moving forward on President Trump's U.S.-Mexico-Canada Agreement on trade until some further cha...
2019-05-22, 19:52

Sooner or later, Americans will get fed up with the Jones Act The maritime industry may not like being compared to the Sicilian Mafia, but there is an element of truth to this analogy when considering the quick ...
2019-05-22, 19:52

An Economist Who Believes Only Government Can Save Capitalism In “People, Power, and Profits,” Joseph E. Stiglitz argues that more state involvement in the economy is part of the solution, not part of the proble...
2019-05-22, 19:26

In China, Some Fear the End of ‘Chimerica’ As the trade war with the U.S. threatens to decouple the world’s two largest economies, some in China argue that the two sides benefit from the relat...
2019-05-22, 19:26

Texas, don't even think about importing California's rail disaster Last week, the Trump administration fulfilled yet another promise when it canceled nearly $1 billion in taxpayer funding for California’s high-speed ...
2019-05-22, 06:52

Amidst high trade tensions and policy uncertainty, UN cuts economic growth forecast Against a backdrop of unresolved trade tensions, high international policy uncertainty and softening business confidence, the UN on Tuesday announced...
2019-05-22, 02:26

EPA pursues new cost-benefit analysis for regulation that critics fear will undermine climate rules The Environmental Protection Agency is pursuing new rules for regulatory cost-benefit analysis that critics fear could undermine the agency's regulat...
2019-05-22, 00:13

For infrastructure funding, follow the money on the Coca-Cola highway It has not been voted on or formally proposed yet, but a bipartisan effort to increase federal spending on infrastructure could be coming in the near...
2019-05-21, 22:13

Get mad at Justin Amash all you want, but he’s still the biggest fiscal conservative Most Republicans are mad at Rep. Justin Amash, R-Mich., right now for saying that President Trump’s behavior during special counsel Robert Mueller's ...
2019-05-21, 22:13

McConnell: Bipartisan deal to raise debt ceiling and spending caps as soon as today Senate Majority Leader Mitch McConnell on Tuesday announced congressional leaders are close to a two-year deal to lift spending caps and raise the de...
2019-05-21, 22:13

Beijing defiant on trade war: 'No one should expect China to swallow bitter fruit' The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese l...
2019-05-21, 21:52

JP Morgan: The US-China tariff battle is just the start of a global trade reordering "I think we have to recognize as equity investors, in particular, this is now the new normal," said James Sullivan, head of Asia ex-Japan equity rese...
2019-05-21, 21:52

Fed's Williams says policymakers need to better prepare for a lower interest rate world Torturously slow recoveries from recessions and low inflation are here to stay unless policymakers can get a better grip on how to stabilize the glob...
2019-05-21, 21:52

US weekly jobless claims fall more than expected First-time claims for state unemployment benefits were expected to total 220,000 for the most recent week, down from the 228,000 claims reported for ...
2019-05-21, 21:52

Biden says Trump is going to 'squander' the economy he got from Obama PHILADELPHIA — Former Vice President Joe Biden ripped into Donald Trump during his rally in Philadelphia Saturday afternoon, saying that the presiden...
2019-05-21, 21:13

Congress hates Trump's tariffs, yet sits by idly instead of acting There are numerous ways for Congress to check the president. In recent years, its members have frequently opted to pass so-called resolutions of disa...
2019-05-21, 21:13

China disputes it ever agreed to US demands in trade deal Chinese officials disputed Monday they ever agreed to the "extravagant demands" the U.S. requested as part of a trade deal and said that further talk...
2019-05-21, 21:13

Canada and Mexico lift tariffs against US Canada and Mexico both announced Monday they will lift tariffs they placed on the United States last year in retaliation for the Trump administration...
2019-05-21, 21:13

Ford cuts 7K white-collar jobs DETROIT — Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by part...
2019-05-21, 21:13

If Trump wants tariffs with China, then look to Taiwan and Japan for trade With both sides retreating to their respective corners, it appears the trade conflict between the United States and China, the two largest economies ...
2019-05-21, 21:13

Be a faithful fiduciary — keep politics out of your decisions when investing other people's money Amid growing calls for divestment from several industries, Milton Friedman’s view on the role of business in politics bears repeating. Friedman expla...
2019-05-21, 21:13

The real reason millennials are in such bad financial shape According to the Wall Street Journal, new data show millennials are in "worse financial shape than every preceding living generation." The most commo...
2019-05-21, 21:13

The Inverted Yield Curve: What It Is and Why It Matters Treasury yields may soon turn "not normal," otherwise known as the inverted yield curve. This clear and compelling interview with EWI's Jordan Kotick...
2019-05-21, 17:26

Housing Crisis 2.0: Just Around the Block? Everyone remembers that housing prices were crushed during and even after the 2007-2009 financial crisis. Are we headed toward a repeat? Here's what ...
2019-05-21, 17:26

Busted Myth: “Fed Controls Economy” and “Manipulates Markets” There's a widespread belief that the Fed holds the levers which guide the economy and maneuvers markets. But the evidence shows that this is simply n...
2019-05-21, 17:26

What’s Driving the Housing Downturn? Interest Rates or Investor Psychology Housing data in 2018 looked ... unhealthy. The "villain" seems obvious -- namely, central bank rate hikes. But now see the charts and evidence that s...
2019-05-21, 17:26

Here's the Consensus About a 2019 Recession A survey of chief financial officers reveals a near unanimous opinion about the prospects for a recession this year. This consensus has piqued our in...
2019-05-21, 17:26

Trouble on the “Home” Front – What’s Next for Real Estate? In this interview, EWI's Pro Services analyst Murray Gunn speaks with Dana Weeks about what’s really behind the turn in housing, and what may b...
2019-05-21, 17:26

What Were YOU Reading When the Euro Peaked in 2018 – then Plunged For a Year? In February 2018, euro-bullishness was everywhere: Traders, the media, Wall Street. Now watch Jim Martens show his charts & forecast that went agains...
2019-05-21, 17:26

Why Have Sedans "Slumped" and SUVs "Surged"? There is Indeed a Trend Behind the Trend Major stock market trends don't happen in a vacuum -- the "trend behind the trend" is literally visible throughout the culture and economy. In this i...
2019-05-21, 17:26

Falling Trade Deficit is Good for Stocks: True or False? There are many widely held beliefs about the stock market that are simply untrue. Even professional market observers often neglect to investigate the...
2019-05-21, 17:26

The Fed Follows the Market Yet Again This article from Financial Forecast co-editors Steven Hochberg and Pete Kendall explains why the Fed DOES NOT drive interest rates. See the crystal-...
2019-05-21, 17:26

How Homebuilding Stocks Signal Big-Time Trouble Houses have been subject to price fluctuations like the stock market for one reason: They're considered an investment as much as a place to hang your...
2019-05-21, 17:26

Global Manufacturing: About to Enter "A World of Hurt"? See the broader economic context that day-to-day headlines don't deliver: Chart of the Day shows you the big-picture trend in the all-important trend...
2019-05-21, 17:26

Brexit Sage: Deflation and the "Generational Weakening" of the U.K. Economy In this interview, EWI's Murray Gunn shows Dana Weeks the evidence of a U.K. property decline -- and explains the big-picture meaning for mood and th...
2019-05-21, 17:26

‘We Have a Lot of Questions’: Doubts Loom Over G.M. Plan for Lordstown Plant President Trump said he was helping to save jobs at the Ohio factory after General Motors ceased production there. But such promises have not always ...
2019-05-21, 16:26

They Got Rich Off Uber and Lyft. Then They Moved to Low-Tax States. Meet the semiretired millennials who left California for low-tax, low-stress places like Texas, as their former start-ups stampede toward the stock m...
2019-05-21, 16:26

Trump Could Raise Tariffs on China. Here’s How China Could Respond. Beijing could match what the United States does, and its options include upping the ante in untraditional ways. But most of its choices come with dra...
2019-05-21, 16:26

Nonfiction: An Economist Who Believes Only Government Can Save Capitalism In “People, Power, and Profits,” Joseph E. Stiglitz argues that more state involvement in the economy is part of the solution, not part of the proble...
2019-05-21, 16:26

U.S.-China Trade Standoff May Be Initial Skirmish in Broader Economic War The United States is wary of China’s growing role in the global economy and its tactics for getting ahead. China sees some of the demands as infringi...
2019-05-21, 16:26

‘Growing alarm’ over Fall Armyworm advance, with cash crops ‘under attack’ across Asia The Fall Armyworm pest is continuing to sweep across the globe, having moved eastwards from their native Americas, onto Africa, before arriving in As...
2019-05-21, 14:52

Idai disaster: Stranded victims still need rescue from heavy rains as UN scales up response Dire conditions persist in vast areas of southern Africa affected by Cyclone Idai as heavy rain continues to cause “massive destruction”, the UN said...
2019-05-21, 14:52

Education critical to ensure future of forests, and reverse their destruction The UN drew attention to the vital role that forests play in addressing some of the world’s greatest environmental challenges on Thursday, and the im...
2019-05-21, 14:52

UN conference agrees better ways for Global South countries to work together on sustainable development The Second High-Level UN Conference on South-South Cooperation, known as BAPA+40, concluded on Friday in Buenos Aires, Argentina, with a political de...
2019-05-21, 14:52

The sun’s impact on Earth and weather celebrated, as planet marks World Meteorological Day Against a background of serious warnings against the effects of climate change, World Meteorological Day this year celebrates the crucial role played...
2019-05-21, 14:52

‘Negative forces’ at work in DR Congo threaten ‘largely peaceful’ relations across Great Lakes region, says outgoing UN envoy The UN’s outgoing Special Envoy for Africa’s Great Lakes region on Tuesday said countries there had made “important steps towards durable peace and s...
2019-05-21, 14:52

Asia-Pacific showing ‘decisive leadership’ on road to 2030 Sustainable Development Goals, deputy UN chief tells key forum Nations across Asia and the Pacific need to take bold action to ensure empowerment, inclusiveness and equality if the region is to realize the ambiti...
2019-05-21, 14:52

At Arab League Summit, Guterres reaffirms strong link between UN and people of Arab world Attending the Summit of the League of Arab States in Tunis, Tunisia, on Sunday, UN Secretary-General António Guterres, recognized the critical import...
2019-05-21, 14:52

UN highlights profound implication of population trends on sustainable development The United Nations is highlighting the important role that population trends play in promoting sustainable development, during the annual Commission ...
2019-05-21, 14:52

Fight against climate change and poverty will fail without overhaul of global financial system, says major UN report A major new UN-led report, involving more than 60 international organizations, warns that a comprehensive overhaul of the world’s financial system is...
2019-05-21, 14:52

UN chief reaffirms commitment to untying ‘Gordian knot’ of Middle East conflict and instability Underlining the “enormous” opportunities for sustainable development and investment in the Middle East, UN Secretary-General António Guterres has rea...
2019-05-21, 14:52

IMF cuts global growth outlook, but predicts pick up later in 2019 The outlook for global growth is at its lowest since the financial crisis, but expected to pick up in the second half of 2019, the International Mone...
2019-05-21, 14:52

Stress, overtime, disease, contribute to 2.8 million workers’ deaths per year, reports UN labour agency Stress, excessively-long working hours and disease, contribute to the deaths of nearly 2.8 million workers every year, while an additional 374 millio...
2019-05-21, 14:52

5 world-changing ideas: our top picks for World Creativity and Innovation Day A low-cost, tiny home that provides everything you need. A boat made of recycled plastic and flip-flops. Vaccine-delivery drones… As the planet marks...
2019-05-21, 14:52

Monday’s Daily Brief: Earth Day, looking for a solution to Libya crisis, focus on indigenous issues, Security Council on Sri Lanka, a high-level visit to Bangladesh Top news for Monday include: the celebration of International Mother Earth Day, efforts by the UN to push for a political solution to the Libyan cris...
2019-05-21, 14:52

Aid preparations gear up as Mozambique braces for second massive storm Emergency measures are being stepped up by the UN and partners in northern Mozambique, amid fears that another devastating tropical storm could batte...
2019-05-21, 14:52

Friday’s Daily Brief: UN chief in China, counter-terrorism, updates from Bangladesh, Mali and Mozambique This Friday, we cover: the UN Secretary-General's message in China for sustainable development; the toll of a second cyclone in Mozambique; what UN o...
2019-05-21, 14:52

‘The green economy is the future,’ UN chief says in Beijing, urging climate solutions that strengthen economies, protect the environment Winning the race against climate change to keep our planet livable and on a healthy trajectory requires action rooted in sustainable solutions aligne...
2019-05-21, 14:52

UN rights experts call on Philippines Government to halt ‘unacceptable attacks’ on Victoria Tauli-Corpuz False claims levelled at the UN expert on the rights of indigenous peoples by her own Government in the Philippines, “are without grounding in fact o...
2019-05-21, 14:52

FROM THE FIELD: New sensors protect vulnerable Malawians against deadly lightning The deadly threat of lightning strikes, as well as their damaging impact on a country’s development, has been recognized in a new project supported b...
2019-05-21, 14:52

North Korean families facing deep ‘hunger crisis’ after worst harvest in 10 years, UN food assessment shows More than 10 million North Koreans are suffering “severe food shortages” after the worst harvest in a decade, according to a United Nations food secu...
2019-05-21, 14:52

Deadly violence at Israel-Gaza border escalates dangerously: UN chief condemns in strongest terms The United Nations Secretary-General, António Guterres, is following with “deep concern” the latest developments across the Gaza-Israeli border and u...
2019-05-21, 14:52

Wednesday’s Daily Brief: updates from the Near East and Libya, Ebola in DR Congo, World War remembrance On Wednesday, we cover: chronic hunger in the Middle East; the toll of war on Gazans; the one-year-long detention of an academic in Iran; Syrian heal...
2019-05-21, 14:52

Paradise islands of Pacific increasingly vulnerable to climate change, as UN boosts resilience A seeming paradise, life on the Pacific islands is threatened by climate change and extreme weather, frustrated by remoteness and a lack of education...
2019-05-21, 14:52

Gavin Newsom triples funding to combat gun violence in updated Calif. budget California Gov. Gavin Newsom issued an updated state budget that calls for $27 million to go toward combating gun violence, triple the amount he orig...
2019-05-21, 14:33

Disaster aid spending package keeps growing as parties bicker over funding deal The House on Friday passed a $19.1 billion aid package to help states and territories recover from a string of recent natural disasters, but the ball...
2019-05-21, 14:33

So-called 'Medicare for all' gets its 15 minutes of infamy Last week, the House Rules Committee held a landmark hearing on "Medicare for all." The idea's advocates championed the hearing as a major step towar...
2019-05-21, 14:33

Former Bush economist Phillip Swagel to lead Congressional Budget Office Former Treasury official Phillip Swagel will serve as the new director of the Congressional Budget Office, the nonpartisan office that provides budge...
2019-05-21, 14:33

'Like taking candy from a baby': Pentagon accuses defense contractor of 'gouging our taxpayers' Congress took aim at a key defense contractor Wednesday for what the Pentagon's acquisition chief called "gouging our taxpayers" using "a disgraceful...
2019-05-21, 14:33

Halt: In first, Trump’s ambassador to Germany requests $0 more in budget, cuts spending Richard Grenell, the U.S. ambassador to Germany and an ardent supporter of President Trump’s agenda, has broken the long practice of embassies seekin...
2019-05-21, 14:33

Wall fight looms again as lawmakers prep for budget talks The House, Senate, and White House are poised to begin talks next week on a budget deal and raising the debt ceiling, but an accord on 2020 spending ...
2019-05-21, 14:33