Faced with the new sanctions package imposed by the United Nations Security Council, North Korea’s aggressiveness keeps rising.
US, South Korea and Japan have called for an urgent U.N Security Council meeting in response to the latest launch of a missile by North Korea that flew over Japan before falling into the Pacific Ocean.
An American warship collided early Monday with an oil tanker east of Singapore, and ten sailors are missing.
How did we get here? Why does it appear that we’re on the brink of a war in Asia, one that could involve nuclear weapons? North Korea has had nuclear-weapons capacity for at least 10 years now. Have its recent advances been so dramatic and significant to force the United States to wage a preventive war? No. The crisis we now find ourselves in has been exaggerated and mishandled by the Trump administration to a degree that is deeply worrying and dangerous.
Janet Yellen, the chair of the Federal Reserve, is caught between Donald Trump and a hard place. By most accounts, Trump is an “easy money” guy who would prefer to keep today’s low interest rates to boost job creation.
The latest revelations about Russia and Donald Trump’s campaign are useful because they might help unravel the mystery that has always been at the center of this story. Why has Trump had such a rosy attitude toward Russia and Vladimir Putin? It is such an unusual position for Trump that it begs for some kind of explanation.
Don’t worry, the robots won’t destroy all our jobs. History suggests just the opposite -- that new technologies inspire new jobs. So concludes a study from leading labor economists. It’s a useful antidote to widespread fears that robots and “artificial intelligence” will displace millions of workers and lead to permanently high joblessness.
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 Donald Trump spoke over the weekend with the leaders of China, Japan and several Persian Gulf countries, and plans to do the same Monday with the heads of the French and German governments, the White House announced.
This is not your father’s inflation -- and that’s good news. Business cycles often end when higher inflation causes a country’s central bank (the Federal Reserve in the United States) to raise interest rates, slowing the economy and, perhaps, triggering a recession. The good news: The next recession may be delayed, because the Phillips Curve has shifted.