Tag: Economic Conditions and Trends

Trump Meets With Fed Chair Powell for a ‘Cordial’ Talk

WASHINGTON — The chair of the Federal Reserve, Jerome H. Powell, met with President Trump on Monday to discuss the economy, a first since Mr. Trump labeled the central bank head and his colleagues “boneheads” and questioned whether Mr. Powell or President Xi Jinping of China was a bigger “enemy” of America. The meeting, which […]

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Trump’s Made-for-TV Trade War Has Few Entertained

When President Trump’s advisers suggested that Beijing resume buying around $20 billion in American farm products as part of a trade deal, Mr. Trump wasn’t satisfied. In a dramatic public retelling in the Cabinet Room, he said he pressed his team to more than triple that figure, then trimmed that a little and asked for […]

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Iran’s Supreme Leader Condemns Protesters as ‘Thugs’

TEHRAN, Iran — The supreme leader of Iran, Ayatollah Ali Khamenei, on Sunday called angry protesters who have been setting fire to public property over an increase in gas prices “thugs,” signaling a potential crackdown on the demonstrations. Ayatollah Khamenei backed the government’s decision to raise the government-set prices for gasoline by 50 percent as […]

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Red and Blue Economies Are Heading in Sharply Different Directions

ImageThe economic challenges of blue metro areas like San Francisco — affordability and inequality — are different from those of red metros.Credit…Jason Henry for The New York Times At a quick glance, red and blue metropolitan areas are performing equally well on average in the most watched indicators of labor market health. Employment growth in […]

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Big Business Is Overcharging You

When Thomas Philippon moved to Boston from his native France 20 years ago, he was a graduate student on a budget, and he was happy to discover how cheap American telephone use was. In those days of dial-up internet connections, going online involved long local phone calls that could cost more than $10 apiece in […]

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How Bad Is China’s Debt? A City Hospital Is Asking Nurses for Loans

RUZHOU, China — When the call came for local doctors and nurses to step up for their troubled community, the emergency wasn’t medical. It was financial. Ruzhou, a city of one million people in central China, urgently needed a new hospital, their bosses said. To pay for it, the administrators were asking health care workers […]

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French Baguettes From a Vending Machine? ‘What a Tragedy.’

LA CHAPELLE-EN-JUGER, France — The lights inside the village bakery used to come on before dawn, an hour or so before the smell of baking bread would waft into neighbors’ homes. The storefront door would soon be heard, opening and closing, the rhythm as predictable as the life stirring awake across the French countryside. But […]

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China Is Trying to Clean Up Its Banks. It’s Messy.

HONG KONG — One bank failed. A second and third were bailed out. Worried depositors of two more banks then rushed to pull out their savings for fear of losing them in a spectacular failure. These stumbles, which have occurred in quick succession since May, would stir fears of a financial meltdown had they happened […]

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India and the Mistrust Economy

Countries with strong governments often end up with weak economies, and India, after years of impressive growth, risks becoming one of them. The World Bank recently released its annual report comparing the ease of doing business in 190 countries, and India’s ranking improved to 63rd, up from 77th last year. India — along with Saudi […]

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What’s the Price of Ignoring Climate Change?

World leaders are underestimating one of the most destabilizing effects of climate change: the price tag. That’s according to Naomi Oreskes, a professor of the history of science at Harvard, and Nicholas Stern, the chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics. “In a worst-case […]

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‘Chile Woke Up’: Dictatorship’s Legacy of Inequality Triggers Mass Protests

ImageA country upended: Protesters erected a barricade on a Santiago street last week. By Amanda Taub Photographs by Tomas Munita SANTIAGO, Chile — The suddenness of the protests, the anger that spilled onto the streets every day, might have been surprising anywhere. But in the country often lauded as Latin America’s great economic success story, […]

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The Happy, Healthy Capitalists of Switzerland

Like many progressive intellectuals, Bernie Sanders traces his vision of economic paradise not to socialist dictatorships like Venezuela but to their distant cousins in Scandinavia, which are just as wealthy and democratic as the United States but have more equitable distributions of wealth, as well as affordable health care and free college for all. There […]

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Alibaba Offers a Positive Signal Amid China’s Sagging Growth

SHANGHAI — Alibaba, the Chinese e-commerce giant, reported better-than-expected sales growth for the three months that ended in September, in a sign that the world’s largest group of consumers is still shopping online despite the country’s slowing growth. An e-commerce goliath and a symbol of China’s rising tech prowess, Alibaba has lately taken on a […]

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Hong Kong Falls Into Recession; Protesters Wear Masks for Halloween

HONG KONG — Hong Kong’s economy officially fell into recession in the third quarter after enduring nearly five months of protests and a persistent trade war between the United States and China. The economy fell by 3.2 percent in the three months ending in September compared with the quarter that ended in June, Hong Kong […]

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Hong Kong Falls Into Recession as Protesters Dress Up for Halloween

HONG KONG — Hong Kong’s economy officially fell into recession in the third quarter after enduring nearly five months of protests and a persistent trade war between the United States and China. The economy fell by 3.2 percent in the three months ending in September compared with the quarter that ended in June, Hong Kong […]

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They Sought a Brighter Future in Britain. Instead, Their Families Are Mourning Them.

YEN THANH, Vietnam — Across the village, the altar tables have already been set up. In Buddhist and Catholic households alike, families have not waited for the final word on whether their daughters, sons, brothers and sisters are among the 39 people found dead last week in a refrigerated truck container in an industrial park […]

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Stars Return to Saudi Investment Conference a Year After Khashoggi

RIYADH, Saudi Arabia — World leaders and business executives converged upon the palatial Ritz-Carlton hotel on Tuesday, putting concerns about Saudi Arabia’s role in the 2018 murder of a dissident journalist behind them and returning unabashedly to deal-making. The brutal killing of Jamal Khashoggi, a Washington Post columnist, prompted many companies and executives to shun […]

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It’s a Big Week for Economic News, With Implications for the 2020 Race

ImageThe New York Stock Exchange last month. Stocks have continued to boom. Credit…Johannes Eisele/Agence France-Presse — Getty Images If you want to know what the economic backdrop to the 2020 elections is likely to be, pay close attention to some of this week’s headlines. Over the next few days, we are going to get readings that […]

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The Brutal Politics of Brazil’s Drug War

RIO DE JANEIRO — In the first quarter of 2019, the police killed an average of seven people a day in this city, the second most populous in Brazil. That’s the highest number in two decades. Even more atrocious is the fact that state security forces are responsible for 38 percent of the violent deaths […]

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In Argentina Election, Peronists Savor Victory Over Incumbent

BUENOS AIRES — Argentines on Sunday entrusted leftists to steer the nation as it reels from a deep recession, electing as president Alberto Fernández, a longtime political operative who toiled behind the scenes most of his career. His victory was masterminded by former President Cristina Fernández de Kirchner, a deeply polarizing leader who opted not […]

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