Tag: Economic Conditions and Trends

Chinese Money in the U.S. Dries Up as Trade War Drags On

WASHINGTON — Growing distrust between the United States and China has slowed the once steady flow of Chinese cash into America, with Chinese investment plummeting by nearly 90 percent since President Trump took office. The falloff, which is being felt broadly across the economy, stems from tougher regulatory scrutiny in the United States and a […]

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A New Red Scare Is Reshaping Washington

WASHINGTON — In a ballroom across from the Capitol building, an unlikely group of military hawks, populist crusaders, Chinese Muslim freedom fighters and followers of the Falun Gong has been meeting to warn anyone who will listen that China poses an existential threat to the United States that will not end until the Communist Party […]

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Why Midsize Cities Struggle to Catch Up to Superstar Cities

WINSTON-SALEM, N.C. — Within sight of a couple of huge brick smokestacks, looming witnesses to a past built on tobacco and powered by coal, there is something weirdly out of place about Wake Forest University’s Institute for Regenerative Medicine. It is run by Dr. Anthony Atala, lured to town 15 years ago from his perch […]

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Japan, Taking a Page From Trump, Uses Trade Against South Korea

Last month, before an audience of world leaders, Prime Minister Shinzo Abe of Japan forcefully defended the global trade order that President Trump has so dramatically fractured. “A free and open economy,” he told leaders of the Group of 20 nations in Osaka, Japan, “is the foundation of global peace and prosperity.” Two days later, […]

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China’s Economic Growth Slows as Trade War With U.S. Deepens

BEIJING — China’s growth fell to its slowest pace in nearly three decades, officials said on Monday, as a resurgence of trade tensions with the United States and lingering financial problems take an increasing toll on one of the world’s most vital economic engines. Chinese officials said the economy grew 6.2 percent between April and […]

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The Fed’s New Message: The Economy Can Get a Lot Better for Workers

ImageJerome Powell testifying Wednesday at a hearing on Capitol Hill. “To call something hot, you need to see some heat,” he said of the labor market.CreditZach Gibson/Getty Images Sometimes, ideas can bounce around the intellectual fringes for years before eventually being embraced by the powerful. On Wednesday you could watch it happen in real time, […]

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The Nordic Model May Be the Best Cushion Against Capitalism. Can It Survive Immigration?

FILIPSTAD, Sweden — At first, local leaders were inclined to see the refugees as an opportunity. The iron ore mines had shut down. So had a factory that made machinery for the logging industry. The town had been abandoned, its population cut in half. A shot at replenishment appeared at hand. It was the summer […]

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Global Recession Risks Are Up, and Central Banks Aren’t Ready

Central bankers have a favorite mantra: Patch the roof while the sun is shining. But 10 years after the Federal Reserve worked alongside the European Central Bank and the Bank of Japan to bring the global economy back from the brink, their ability to prevent the next downturn is limited. Whether the world’s central banks […]

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West Bank Grows Calmer as Pocketbook Issues Take Priority Over Protests

BILIN, West Bank — On a recent weekday, Muhammad Abu Rahma returned to the place where Palestinian protesters and Israeli soldiers used to clash in weekly confrontations that made the West Bank village of Bilin a symbol of resistance against the Israeli occupation. But this time, he came not to protest but to picnic with […]

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Turkey’s Long, Painful Economic Crisis Grinds On

ARHAVI, Turkey — The terraced rows of tea plants climbing the hills above the Black Sea used to glint like money. Lately, they look like another casualty of Turkey’s long, grinding economic crisis. Lipton, the multinational giant, recently scrapped production at one of its three tea-processing factories in the area. It has slashed purchases of […]

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The ‘Texas Miracle’ Missed Most of Texas

LONGVIEW, Tex. — On the eastern plains of Texas, local leaders are trying to stop the bleeding of talent to the bright lights of Dallas and Austin. They are sprucing up downtown, completing 10 miles of walking trails, investing in parks and schools and making other improvements that they hope will entice young workers to […]

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In Firing Central Bank Chief, Turkey’s Leader Trades Credibility for Growth

LONDON — Turkey’s president, Recep Tayyip Erdogan, abruptly fired the central bank chief on Saturday, dealing a new blow to the institution’s credibility while threatening to intensify the nation’s wrenching economic crisis. The move, made in the early hours of the day by presidential decree, was the latest evidence of Mr. Erdogan’s unequivocal dedication to […]

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Interest Rates Just Keep Falling. Economic Orthodoxy Is Falling With Them.

ImageTraders at the New York Stock Exchange. Recent movements in bond markets suggest that very low inflation is likely to be the norm indefinitely, despite the low jobless rate.CreditBryan R. Smith/Agence France-Presse — Getty Images American borrowing costs keep plunging, and that is signaling something important: Some of the basic assumptions of the most influential […]

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Trump Is Losing His Trade Wars

Donald Trump’s declaration that “trade wars are good, and easy to win” will surely go down in the history books as a classic utterance — but not in a good way. Instead it will go alongside Dick Cheney’s prediction, on the eve of the Iraq war, that “we will, in fact, be welcomed as liberators.” […]

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Belief in Bootstraps Is Strongest Where Pulling Up Is Toughest

HUNTSVILLE, Ala. — A widening income gap and sagging social mobility have left dents in the American dream. But the belief that anyone with enough gumption and grit can clamber to the top remains central to the nation’s self-image. And that could complicate Democratic efforts to frame the 2020 presidential election as a referendum on […]

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Li Keqiang, Chinese Premier, Reaches Out to Trump and Business

DALIAN, China — A top Chinese leader made an unusually public effort on Tuesday to ease trade tensions somewhat with the United States, woo foreign investors and reassure his own country’s citizens that their economy remained on track. In meetings during the World Economic Forum in the Chinese port city of Dalian, Premier Li Keqiang, […]

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Iran Passed Its Uranium Limit. What Happens Next?

Amid escalating tensions with the United States, Iran has surpassed the limit on the uranium supply permitted under the 2015 nuclear agreement, the International Atomic Energy Agency reported on Monday. The breach of the cap does not by itself give the country the material to produce a nuclear weapon. But it is the strongest signal […]

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Consumers Are Spending. Businesses Aren’t. Who’s Right About the Future?

One of the hard things about projecting how the economy will evolve in the coming months is that two different sides of it are sending completely opposite signals. American consumers keep buying stuff, driving solid growth through the first half of the year. On Friday, the Commerce Department reported that consumption spending rose a healthy […]

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S&P and Dow Climb, Following Global Stocks, as Investors Take Heart in Trade Thaw

HONG KONG — Stocks rose on Wall Street on Monday after earlier moves upward by markets in Asia and Europe, with global investors buoyed by a thaw in the trade dispute between the United States and China even as the prospects for a long-term deal remained uncertain. The question for investors now is whether the […]

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Why Many in China Oppose Hong Kong’s Protests

Cecilia Zhang is the sort of Chinese person who you might think would be sympathetic to the protesters in Hong Kong. She went to a prestigious American university, gets her news from foreign media and has no plan to move back to the mainland from Hong Kong, where she has worked in the financial industry […]

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