Tag: Economic Conditions and Trends

India Is Making Kashmir Stronger

Over the past few weeks, we have seen a plethora of comments from Prime Minister Imran Khan of Pakistan and senior officials of his government painting an apocalyptic picture of India’s reorganization of its province of Jammu and Kashmir — and raising the threat of conflict, including nuclear war, with India. Under Prime Minister Khan’s […]

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Fed Cuts Interest Rates by Another Quarter Point

WASHINGTON — The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday, its second move since late July, as it tries to insulate the economy against rising political risks and the fallout from a global slowdown. A growing number of officials expect one more reduction this year, based on economic […]

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The U.S. Should Act Before a Global Downturn Destabilizes Latin America

The trade war between the United States and China, coupled with warning signs of a potential slowdown in the global economy, have sharply increased the chances that the world will fall into recession. While nearly every country will be impacted, longstanding economic weakness and the fragile state of its political institutions mean that a potential […]

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Oil Prices Expected to Remain Elevated After Attack on Saudi Arabia

HOUSTON — Fixing the damage done by the drone attack on the Saudi oil processing plant may be the easy part. The hard part will be calming energy markets, where oil prices have jumped faster than at any time in over a decade. The attack on Saudi Arabia’s Abqaiq plant, which accounts for 5 percent […]

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In a Troubled Arab World, Tunisia Struggles to Build Its Democracy

TUNIS, Tunisia — Like many Tunisian young people, Safouan el-Euchi proudly joined the 2011 protests that toppled the country’s dictator and lit the fires of the Arab Spring uprisings that spread across the Middle East. But life since has been hard. His engineering degree has failed to get him a job, and prices are soaring. […]

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Fearing ‘Spy Trains,’ Congress May Ban a Chinese Maker of Subway Cars

CHICAGO — America’s next fight with China is unfolding at a glistening new factory in Chicago, which stands empty except for the shells of two subway cars and space for future business that is unlikely to come. A Chinese state-owned company called CRRC Corporation, the world’s largest train maker, completed the $100 million facility this […]

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Trump Drafts Executive Order Increasing Postal Service Inspections for Fentanyl

WASHINGTON — The Trump administration has drafted an executive order that would increase inspections of mailed packages, in an effort to crack down on shipments of counterfeit goods and deadly drugs from foreign nations including China. The order would empower the United States Postal Service to increase inspections of small packages that arrive in the […]

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China’s Pork Prices Soar, Adding to Beijing’s Troubles

BEIJING — Things that keep China’s top leaders up at night: a stalling economy, a bruising trade war and, increasingly, pigs. Specifically, a shortage of pigs, which is fast becoming a national crisis. The price of pork has been rising for months and is now nearly 50 percent higher than a year ago, data published […]

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China Injects $126 Billion Into Its Slowing Economy

BEIJING — Beijing has called on banks to open the lending spigots as China’s trade war with the United States rages and its economic slowdown shows little sign of abating. The People’s Bank of China on Friday lowered the amount of cash that Chinese banks are required to hold in their coffers, freeing up $126 […]

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Fitch Downgrades Hong Kong Over China’s Stronger Hand

Hong Kong’s economy, already damaged by weeks of protests, was dealt a further blow on Friday, when Fitch Ratings downgraded its credit rating on the territory, citing China’s growing influence in the territory’s affairs. The move will make it more expensive for Hong Kong and many companies closely tied to its fortunes to borrow money. […]

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Markets Soar on News of China Talks, but Hopes for Progress Are Low

WASHINGTON — President Trump’s decision to renew talks with China in the coming weeks sent financial markets soaring on Thursday, as investors seized on the development as a sign that both sides could still find a way out of an economically damaging trade war. The rally sent the S&P 500 up more than 1 percent, […]

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Are Democrats Throwing Away the Senate?

Listen and subscribe to our podcast from your mobile device: Apple Podcasts | Spotify | Google Play | RadioPublic | Stitcher Could Democrats actually retake the Senate next year? Or are they already blowing their best chance? This week on “The Argument,” the columnists talk the state of the other 2020 race(s) worth paying attention […]

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Fact-Checking Trump’s Claims About China’s ‘Worst Year’

What Trump said “We have taken in tens of billions of dollars in tariffs from China. Prices have not gone up, or they’ve gone up very little. China has paid for most of that, and I say paid for all of it. China has now had the worst year they’ve had in 57 years.” False. […]

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U.S.-China Trade Talks to Resume, but New Tariffs Could Complicate Them

BEIJING — The United States and China will hold trade talks in Washington early next month, Chinese state media said on Thursday, but new tariffs will make it difficult to find a way to end their economic clash. Liu He, a top Chinese economic official and Beijing’s top trade negotiator, will travel to Washington for […]

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A Recession Isn’t Inevitable: The Case for Economic Optimism

ImageVehicles leaving the assembly line at the G.M. plant in Spring Hill, Tenn., last month. The U.S. manufacturing sector shrank in August, for the first time since 2016.CreditHarrison Mcclary/Reuters There is at least one bull market underway: in recession fears. It’s apparent in how ordinary Americans are thinking about the economy. In August, consumer sentiment […]

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U.S. Manufacturing Slowed in August in Latest Sign of Economic Weakness

The American manufacturing sector contracted last month, a key measure showed on Tuesday, heightening fears that the trade war with China could bring on a recession. Manufacturing accounts for just 11 percent of the country’s gross domestic product, but it is often seen as an economic harbinger. Stocks fell on Wall Street after the release […]

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Only China Can Save Us Now

In the last few weeks, the world economy has seen worrying turmoil. Whether or not a recession is imminent, there has certainly been a collapse of confidence. What has investors so rattled? There are long-term factors in play, like demographic trends and a slowdown in technological change. But what seems finally to have dawned on […]

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Governments Shut Down the Internet to Stifle Critics. Citizens Pay the Price.

HARARE, Zimbabwe — When Zimbabwe turned off the internet during a recent crackdown, Obert Masaraure, a prominent government critic, had no way of knowing when it was safe to emerge from hiding. He waited one day, then another. On the third day he broke cover, hoping that a wave of arrests had come to an […]

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U.S.-China Trade War Hits a New Phase, and a Boot Maker Trembles

DONGGUAN, China — Bruce Xu’s factory in southern China produces just about the most all-American footwear there is: real leather cowboy boots, complete with generous heels and expressive stitching up the sides. Lately, though, the trade war has made running an all-American business in China “a big headache, a big pain,” Mr. Xu says. And […]

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Amid Recession Worries, Trump Points Finger at American Businesses

WASHINGTON — President Trump wants Americans to understand that the economy is doing great, thanks to him. But if in fact the economy sours, then it is someone else’s fault. Mr. Trump’s Blame List is long. On top, of course, is Jerome H. Powell, the chair of the Federal Reserve — never mind that Mr. […]

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