In Davos, TIME’s Board of Economists grapples with a world split in halves
Car manufacturing is a bright spot in the weak jobs market (Photo: Mike Cassese/REUTERS) Judging by the unemployment rate alone, the jobs market is the hottest it has been in 50 years. In January, the percentage of people looking for work who couldn’t find jobs dropped to 9%. That was down from 9.4% in December [...]
(Photo: Getty Images) The Federal Reserve has come under a lot of heat in the past few months for its plan to flood the market with cash by buying $600 billion of US Treasury bonds. The main criticism is that it will cause inflation. And indeed, the United Nations on Thursday said its monthly food [...]
President Obama and several policy wonks think they have come up with a solution to America’s jobs crisis: Exports
At first glance, the upheaval on the Nile might seem far removed from the world of Wall Street and Main Street. Egypt is not a major participant in global manufacturing networks, nor is Cairo a significant financial hub. But Egypt’s political crisis could have implications for the global economy nevertheless. That’s because the economic and [...]
Vision Air is landing in a business where profits are often delayed (Photo: Yuri Gripas/REUTERS) Next March, the airline industry will have a new arrival: Vision Air, which calls itself the “nation’s newest big jet, low-cost carrier,” will fly to currently underserved southeastern cities (Asheville, N.C, St. Petersburg, Fl., Macon, Ga.) and a few northern [...]
I was in Cairo in November, and a friend, Hasan, was kind enough to invite us to his house for dinner. Hasan is not a member of the super elite, but he’s not among the poorest in Egypt either. (His daughter has a new Samsung smartphone.) Yet as we turned onto the streets around his [...]
