Wall Street Journal (March 12)
“Escalating Iranian attacks and the U.S. government’s decision to hold off on military escorts for oil tankers through the Strait of Hormuz are raising the prospect of a prolonged closure that would choke off exports through the world’s most important energy-transport route.”
Tags: Attacks, Choke, Decision, Energy, Escalating, Exports, Government, Iranian, Military escorts, Oil tankers, Prolonged closure, Route, Strait of Hormuz, Transport, U.S.
Time (March 9 Issue)
“Not much unites Americans these days. But a growing cross section of the public—from MAGA loyalists to Democratic socialists, pastors to policymakers, nurses to filmmakers—agree on at least one thing: AI is moving too fast. While most Americans use the tools, the U.S. is one of the most AI-pessimistic countries in the world.”
Tags: Agree, AI. Tools, Cross section, Democratic socialists, Filmmakers, Loyalists, Maga, Nurses, Pastors, Pessimistic, Policymakers, Public, U.S., Unites
Washington Post (March 8)
The war in Iran “is hitting the economies of Europe and Asia harder and faster than it is striking the United States.” The conflict’s impact extends far beyond oil and natural gas prices. For example, “the closure of several international airports in the conflict zone, including the world’s busiest in Dubai, idled nearly one-fifth of global airfreight capacity, interrupting shipments of consumer electronics, pharmaceuticals and precious metals.” At present, “the cost of shipping goods by air from Asia to Europe is up 45 percent since the war began,” double the increase “for sending items from Asia to the United States.”
Tags: Airfreight, Airports, Asia, Conflict, Dubai, Economies, Electronics, Europe, Impact, Interrupting, Iran, Natural gas, Oil, Pharmaceuticals, Shipments, U.S., War
Bloomberg (March 6)
“Until the conflict with Iran broke out, President Donald Trump was getting — by design or by chance — what he appeared to want in three pivotal financial markets: lower oil prices and Treasury yields, and a weaker dollar. The air strikes that the US and Israel launched over the weekend, and Iran’s counterattacks, are unraveling that.”
Tags: Air strikes, Chance, Conflict, Counterattacks, Design, Dollar, Financial markets, Iran, Israel, Oil prices, Treasury yields, Trump, U.S.
Fortune (March 5)
“A landmark Supreme Court ruling against President Trump’s tariffs has cost the federal government an estimated $1.7 trillion in projected revenue through 2036.” At its current spending rate, this sets “the United States on a course toward a national debt of $58 trillion within the next decade.”
Tags: $1.7 trillion, $58 trillion, 2036, Cost, Government, Landmark, National debt, Projected revenue, Ruling, Spending rate, Supreme Court, Tariffs, Trump, U.S.
Chicago Sun Times (March 3)
“The Chicago area was named the top U.S. metro for corporate relocations and site selection for the 13th year in a row by Site Selection Magazine…. World Business Chicago, the city’s nonprofit economic development agency, last year counted 223 corporate expansions, projects and new entrants in the Chicago area. The 40% year-over-year increase in activity represents $1.7 billion in annual earnings and the creation of an estimated 19,600 jobs.”
Tags: $1.7 billion, $40, 13th year, Annual earnings, Chicago, Corporate relocations, Economic development, Expansions, Jobs, Metro, New entrants, Site selection, U.S.
Fortune (March 2)
“S&P 500 futures were down 1.22% this morning as part of a broad global selloff in the stock markets triggered by the conflict between Iran and the U.S. and Israel.” Uncertainty prevails amid efforts to assess the likely severity of the conflict, which “could be serious enough to push oil over $100 per barrel.” For now, investors have “entered a worldwide ‘risk-off’ phase.”
Tags: $100 bbl, Conflict, Futures, Global selloff, Investors, Iran, Israel, of Oil, S&P 500, Severity, Stock markets, U.S., Uncertainty
Wall Street Journal (February 27)
“Economics 101 teaches that international trade is all about comparative advantage.” Specialization and trade result “in everyone getting more of everything.” This theory “no longer guides global trade. Instead, what’s happening looks more like portfolio theory. Countries are no longer maneuvering to maximize gains. They’re diversifying to minimize losses. The risk they’re hedging against? The U.S.”
Tags: Comparative advantage, Diversifying, Economics, Hedging, International trade, Maximize gains, Minimize losses, Portfolio theory, Risk, Specialization, U.S.
Washington Post (February 26)
“Many Asian governments used threats from President Donald Trump as a pretext to enact unpopular but necessary free-market reforms…. To get lower tariff rates, they agreed to pry open their closed markets to allow in American beef, auto parts and crude oil.” Now that the Supreme Court has ruled against the tariffs and Trump has instead “imposed a baseline tariff of 15 percent… some leaders feel buyer’s remorse.” In fact, it looks like the elusive goal of “liberalizing Asia’s tightly protected markets” may slip away, something that “would be a shame on both sides of the Pacific.”
Tags: Asia, Auto parts, Beef, Buyer’s remorse, Crude oil, Free market reforms, Governments, Necessary, Pretext, Supreme Court, Tariff rates, Threats, Trump, U.S., Unpopular
CNN (February 24)
China is “the real winner from the Supreme Court’s tariff ruling.” As major trade partners face “renewed uncertainty,” the “dramatic rebuke to the US president’s trade agenda” has delivered “clear vindication” to its biggest economic rival. When Trump embarks to China in March, he will be missing one of his “go-to tools for economic negotiations with other nations” or, what China has decried as, “unilateral bullying.” Negotiating power “seems to have shifted dramatically” in China’s favor.
Tags: Agenda, China, Economic rival, Negotiations, Rebuke, Supreme Court, Tariff ruling, Trade partners, U.S., Uncertainty, Unilateral bullying, Vindication, Winner
