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.
The concept of comic strips can be traced as far back to several ancient civilizations
We now have a Trump Doctrine, and it is, in its conception at least, the most radical departure from a bipartisan American foreign policy since 1945. In an op-ed for The Wall Street Journal, National Economic Council Director Gary Cohn and national security adviser H.R. McMaster explain that President Trump has “a clear-eyed outlook that the world is not a ‘global community’ but an arena where nations, nongovernmental actors and businesses engage and compete for advantage.”
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.