A persisting puzzle about the U.S. economy is how it can seem both strong and weak. On the one hand, it remains a citadel of innovation, producing new companies like Uber. On the other, the economy is expanding at a snail’s pace of 2 percent annually since 2010. How could both be true? Why isn’t innovation translating into faster growth? The answer -- or part of the answer -- is that American businesses are running on two separate tracks. Call them the “youthful” and “middle-aged” tracks.
La discusión entre el gobierno de Trump y sus críticos sobre una tasa de crecimiento económico sostenible suscita profundas preguntas sobre el futuro de Estados Unidos. ¿Ingresamos en un período prolongado de crecimiento económico lento? Si es así, ¿cómo altera eso la sociedad y la política? ¿O acaso las medidas “correctas” elevarán el crecimiento económico a niveles del pasado?
The argument between the Trump administration and its critics over a sustainable rate of economic growth raises profound questions about America’s future. Have we entered a prolonged period of slow growth? If so, how does that alter society and politics? Or will the “right” policies raise growth to past levels?
If you haven’t paid attention, here’s a brief overview of the debate.
By unveiling on the same day a pair of divisive and incendiary policy initiatives, the Trump administration made clear that it opposes affirmative action for some Americans but supports it for others.
President Donald Trump announced today his support for a bill that would halve legal immigration to the country over the next decade and eliminate the annual international contest for which the US government raises residence permits.
The International Monetary Fund estimates that Latin America and the Caribbean will grow 1 percent in 2017 and 1.9 percent in 2018, further deterioration of conditions in Venezuela.
House Republicans, who are now deliberating the government’s 2018 budget, pledge to eliminate deficits within a decade. Well, good luck with that. It must be obvious that chronic deficits reflect a basic political impasse that can be broken only if majorities in Congress do things they’ve refused to do: trim Social Security benefits; raise taxes significantly; control health spending. There is a giant mismatch between what Americans want from government and what they’ll pay for with taxes.
Donald Trump’s foreign policy, such as it is, rests on a massive and apparently indestructible contradiction. Trump wants the United States to remain the “essential” nation, the best embodiment of Western ideals of freedom and democracy, while at the same time deliberately alienating many of our traditional “allies,” whose support the United States desperately needs. American leadership becomes difficult, if not impossible.
US President said the construction of the pipeline will increase US energy exports and that the issue will be discussed next week with his Mexican counterpart, Enrique Peña Nieto, at the G20 summit, to be held in Hamburg, Germany.
Do we have a worker shortage? Maybe.
It’s time to take a brief break from Donald Trump. Whatever you think of him, there’s no denying that he dominates the news cycle. We seem to assume that the nation’s future depends on Trump’s fate, for better or worse. The reality is otherwise: The nation’s future also hangs on larger economic and social trends that no president can shape.
Heads of states from leading developed nations on Friday were arriving in the Italian town of Taormina for a two-day G7 summit focusing on security and economic growth.
According to financial analysts, President Trump's budget for 2018 clearly indicates a cut in the benefits of the poor and an increase in the cash flow for wealthy taxpayers.
Globalization has gotten a bad rap. The Trump White House associates it with all manner of economic evil, especially job loss. The administration has made undoing the damage a central part of its economic strategy. This will almost certainly fail and disappoint, because globalization’s ill-effects have been wildly exaggerated.
Making business connections to strengthen the Latino market
Yesterday's elections in France gave the victory to Emmanuel Macron, with 65.5% of the votes, transforming him into the youngest president in the history of the European country.
Let’s be clear: America is an undertaxed society. Our wants and needs from government -- the two blur -- exceed our willingness to be taxed.
Treasury Secretary Steven Mnuchin on Wednesday outlined President Donald Trump"s tax overhaul plan, which calls for slashing the corporate tax rate from 35 percent to 15 percent. Critics immediately called it “basically a huge tax cut for the rich”.
The headline grabbed my attention: “Americans have become lazy and it’s hurting the economy.”
Lazy? Now there’s a four-letter word you rarely hear Americans use to describe themselves.
The last thing President Trump now needs is for the stock market to go south on him. After all, he’s got worries aplenty: abroad, North Korea, Syria, Russia and Brexit; at home, the stalled effort to repeal Obamacare; and uncertainty surrounding “tax reform.” Compared with this tapestry of troubles, the stock market has been a splendid blessing.
President Trump appears to have softened his position on NATO, free trade, the U.S. Export-Import Bank, Federal Reserve Chair Janet Yellen, the advice of generals, and whether China is a currency manipulator.
Ivanka Trump's company scored a big victory in China this month, on the same day that she dined at Mar-a-Lago with the president of China and his wife in her role as first daughter.
America’s Congress is quietly becoming a European-style parliament -- and the transformation isn’t for the good. Congress is fanning, not defusing, conflict.
It isn’t often that economics raises the most profound questions of human existence, but recent work of economists Anne Case and Angus Deaton (husband and wife, both of Princeton University) comes close. You may recall that a few years ago, Case and Deaton reported the startling finding that the death rates of non-Hispanic middle-aged whites had gotten worse — they were dying younger.
The president said this would put an end to the "war on coal" and "job-killing regulations".