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Newsweek (March 12)

2018/ 03/ 14 by jd in Global News

By playing “his America First card,” President Trump thinks he’s getting ahead, particularly in the Rust Belt. He believes adopting tariffs will help fulfill “his promise to America’s industrial heartland to bring back jobs in its traditional industries. The problem is that those in the industrial heartland don’t seem to think it’s the right thing to do.” In fact, many “who work in manufacturing, remain convinced that tariffs will increase costs and lead to job losses. Far from saving the industrial sector, they say, Trump is showing economic illiteracy that will only add to the cost of significant consumer goods.”

 

 

Businessweek (September 13)

2017/ 09/ 14 by jd in Global News

“As Putin prepares to run for a fourth term in elections next March, the plight of his working-class base across the Russian heartland is emerging as a top domestic challenge.” There’s little doubt Putin will win, “but the discontent threatens Putin’s popularity as the economy continues to sputter. After the longest recession in his 17-year rule, real incomes have fallen 12 percent over the past three years, sparking protests in areas that provided solid backing for Putin in 2012.”

 

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