A fascinating piece today in the FT’s comment and analysis section made the point that there’s a sea change happening in world trade. For 30 years, it’s been growing twice as fast as the global economy itself. Now, for the …
Economy
The Federal Agency That Makes $1 Billion for Taxpayers and the Fight to Abolish It
The Federal Export-Import Bank announced this morning that it was sending $1 billion profits back to the Treasury. So why are lawmakers fighting to abolish it?
The Shutdown Is Over But Could Still Ruin Holiday Shopping
The lingering effects of the federal shutdown, combined with a general lack of confidence in both the economy and the ability of our nation’s political leaders to avoid gridlock, means that retailers are looking at a …
Jobs Report Tells Us the U.S. Economy Still in Desperate Need of Electroshock
While the attention of the media and lawmakers in Washington has flitted from the recent government shutdown to the troubled rollout of the Obamacare website, today’s jobs numbers offer a stark reminder that the U.S. economy has …
Milk, Smokes and Beer Are Shutdown Casualties
The federal shutdown has undeniably damaged the local economy in Washington, D.C., as well as regions where national parks are the lifeblood for local businesses. But—even as the ordeal appears to be winding down—it may have …
Foroohar: Washington Dysfunction Is Hurting GDP Growth
It’s also cost the country an additional 2 million jobs
Money Talking: Crisis Could Weaken the Almighty Dollar
The U.S. dollar is the world’s reserve currency of choice. It’s the currency that most of the planet’s business is conducted in, and it’s what most nations hold in their central banks, in addition to national currencies, …
Market Watchers Are Cheering the Yellen Nomination (Mostly)
Today at 3 PM, President Obama officially announced his decision to nominate Janet Yellen to be the 15th Federal Reserve Chair. If she is confirmed, she will be the first woman in the role. Wall Street is growing increasingly …
Three Parts of the U.S. Being Hammered Economically by the Shutdown
Around the country, some local economies that are heavily reliant on the federal government are already hurting because of the ongoing government shutdown. Here are three spots being impacted in an outsized way:
Southern …
When Will U.S. Actually Run Out of Time on the Debt Ceiling?
Nobody knows for sure. But here are some best guesses
Disputes Cloud Asia-Pacific Summit Focus on Trade
(BALI, Indonesia) — Asia-Pacific leaders vowed Tuesday to cooperate on stabilizing a global economic recovery threatened by resource scarcity and bottlenecks to growth.
Foroohar: The Debt Ceiling Crisis Is Threatening Your Quality of Life
The budget and debt ceiling fights in Washington often seem to take place in a hermetically sealed bubble. Or maybe on some faraway planet “Beltway,” where there’s definitely less oxygen in the atmosphere. But it’s important …