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New York Times (July 1)

2018/ 07/ 03 by jd in Global News

“There’s an anomaly in an economy that is supposedly running flat out: Many families still haven’t recovered the wealth they lost in the financial collapse…. Despite high stock prices and record home prices, household net worth since 2007 has decreased for all income groups — except the top 10 percent.”

 

Time (June 28)

2018/ 06/ 30 by jd in Global News

Women currently “account for 22% of the Saudi workforce, according to government statistics. Bin Salman’s goal is to get that figure up to 30% by 2030. Not only will having women behind the wheel improve participation in the workforce, it will help the economy. According to Bloomberg, the lifting of the ban could add as much as $90 billion to economic output by 2030.”

 

Washington Post (June 25)

2018/ 06/ 27 by jd in Global News

“Mr. Trump owns this trade war, at home and abroad. He not only has decided to play a game of chicken with the U.S. economy. He has decided to play against the whole world.”

 

CNBC (May 29)

2018/ 05/ 31 by jd in Global News

“Political uncertainty in Italy has unhinged world markets, raising the specter of a euro crisis that could ripple across the global economy and even force the Federal Reserve to slow its rate-hiking plans.” While odds appear low that Italy will opt out of the single currency bloc, “internal chaos and a new election could make for a rocky summer for markets and even put a dent in European economic growth.”

 

Bloomberg (March 26)

2018/ 03/ 27 by jd in Global News

“Tokyo bulls can’t buy a break. Just as the economy shows signs of life, they’re ensnared in a global equity meltdown that on Friday alone lopped $200 billion from the price of shares.” The threat of a trade war, a sell off by foreign investors and the surging yen are “all starting to dent sentiment for Japan, where bears had previously been hard to find.”

 

New York Times (March 15)

2018/ 03/ 17 by jd in Global News

“There’s no way to bring back all those steel plants and steel jobs, even if we stopped all imports. Partly that’s because a modern economy doesn’t use that much steel, partly because we can produce steel using many fewer workers, partly because old-fashioned open-hearth plants have been replaced by mini-mills that use scrap metal and aren’t in the same places. So this is all a fantasy.”

 

Bloomberg (March 9)

2018/ 03/ 12 by jd in Global News

“China is cracking down on pollution like never before, with new green policies so hard-hitting and extensive they can be felt across the world, transforming everything from electric vehicle demand to commodities markets.” China is now, by far, the largest global carbon emitter, but the “government is trying to change that without damaging the economy—and perhaps even use its green policies to become a leader in technological innovation.”

 

US News & World Report (February 27)

2018/ 02/ 28 by jd in Global News

“New Federal Reserve Chairman Jerome Powell delivered a message Tuesday that wasn’t quite what Wall Street had expected: The U.S. economy is doing well, maybe even better than he thought late last year.”

 

Bloomberg (February 23)

2018/ 02/ 24 by jd in Global News

“Beijing’s interventions in the economy don’t always merit applause, but the government’s unprecedented seizure of Anbang Insurance Group Co. deserves a round. Anbang was a toxic threat to China’s financial system.” With total assets estimated to be “a staggering 3.4 percent of China’s GDP,” Anbang had the potential to deliver a shock “comparable to Lehman Brothers Holdings Inc. or American International Group Inc. in the U.S.” Chinese authorities have “nipped a potential disaster in the bud.”

 

Washington Post (February 13)

2018/ 02/ 14 by jd in Global News

President Trump released his very own “comic book” in the form of a budget. Candidate Trump boasted “he would ‘get rid of the $19 trillion in debt . . . over a period of eight years,’” but his budget would add $7 trillion to the debt over a decade — $2 trillion in the next two years alone — and even those numbers are based on the peculiar assumption that the economy will never again go into recession.” That’s only the beginning. His comic-book budget goes onto shred many of the bold promises Trump once made.

 

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