Fortune (April 7)
The petrodollar “makes up the cornerstone of America’s dominance over global trade, but economists warn the currency architecture has been eroding at its edges for years now.” Indeed, the current era may bring “the biggest change in the world’s relationship to the dollar since 1974, and every day the Iran war continues, the cracks in the old system grow wider and wider. To be sure, the dollar is still overwhelmingly dominant, but it’s no longer the only game in town.”
Tags: 1974, Cornerstone, Cracks, Currency architecture, Dominance, Economists, Eroding, Global trade, Iran war, Old system, Petrodollar
Chicago Booth Review (May 8)
The United States “will miss having reliable data.” The U.S. government “has recently taken steps to pare its infrastructure for economic data collection and analysis, including shuttering the Bureau of Economic Analysis Advisory Committee and the Federal Economic Statistics Advisory Committee.” Based on a March poll, economists ”expressed broad concern about how eroding the government’s data-collection resources might affect the quality of American economic information—and the decisions based on it.” There responses suggested “that less reliable statistics won’t just be a problem for policymakers.”
Tags: Analysis, Bureau of Economic Analysis Advisory Committee, Data collection, Decisions. Statistics, Eroding, Federal Economic Statistics Advisory Committee, Government, Infrastructure, Pare, Policymakers, Quality, Reliable, U.S.
Philadelphia Inquirer (July 29)
“Philadelphia’s ban on indoor dining will continue until at least Sept. 1.” In the metropolitan region, “new daily case numbers and averages keep rising…. That means progress made in May and June in flattening the curve of infections appears to be eroding.”
Tags: Ban, Case numbers, Curve, Eroding, Flattening, Indoor dining, Infections, Metropolitan, Philadelphia, Progress, Rising
