Tag: United States Economy

In Amazon Fight, Progressives Showed What They Want: A New Economic Agenda

The political opposition that prompted Amazon to walk away from building a corporate headquarters in New York City featured a touchstone of the progressives’ economic agenda: ending tax policies that unfairly reward and pamper the wealthy. But it also exposed a political vulnerability, leaving unclear what alternative strategy they are offering to encourage growth and […]

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The Useful Idealism of the Green New Deal

Amid the unceasing awfulness of the Trump administration, I’ve lately found comfort in the Yale political scientist Stephen Skowronek’s concept of “political time,” which has in turn informed my thinking about the almost utopian ambitions of the Green New Deal. Surveying the American presidency, Skowronek sees politics unfolding in cycles. Every so often, insurgent coalitions […]

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The Federal Debt Is Rising. Concern Is Not.

WASHINGTON — The federal debt ticked past $22 trillion this week, a record that comes despite continued economic growth, but neither political party appears to be making a priority of debt reduction. Larry Kudlow, the director of President Trump’s National Economic Council, said on Thursday that the president was “concerned” about the rise of the […]

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How China Brings Us Together

I’ve always thought Americans would come together when we realized that we faced a dangerous foreign foe. And lo and behold, now we have one: China. It’s become increasingly clear that China is a grave economic, technological and intellectual threat to the United States and the world order. And sure enough, beneath the TV bluster […]

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Donald and the Deflationists

U.S. political discussion has been dominated by the issue of Donald Trump’s wall — an issue on which Trump’s irrationality keeps surprising even his critics. So I don’t imagine that many people have heard about Trump’s nomination of David Malpass, currently an under secretary at the Treasury Department, to lead the World Bank. But it’s […]

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Trump Is Making ‘Socialism’ Sound Pretty Good

Only a handful of Democrats in Congress (and just one Democrat-adjacent presidential contender) identify as “socialist,” but they appear to be the chief targets of President Trump as he faces a confident Democratic opposition in the House of Representatives. “We are alarmed by new calls to adopt socialism in our country,” he said in his […]

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The Green New Deal Is What Realistic Environmental Policy Looks Like

Everyone is lining up to endorse the Green New Deal — or to mock it. Kamala Harris, Cory Booker, Bernie Sanders, Elizabeth Warren and Kirsten Gillibrand have all endorsed the resolution sponsored by Representative Alexandria Ocasio-Cortez of New York and Senator Edward Markey of Massachusetts. Conservative critics predictably call it “a shocking document” and “a […]

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Trump’s Trade War Leaves American Whiskey on the Rocks

As President Trump’s global trade war approaches a pivotal moment, American industry is trying to use Mr. Trump’s love of big economic numbers to get him to stand down. Mr. Trump faces a series of decisions over the next several weeks about whether to ratchet up tariffs on Chinese goods, impose new duties on imports […]

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Trump Says U.S. May Delay China Trade Deal Deadline

WASHINGTON — President Trump said on Tuesday that he would consider delaying a March 2 deadline to reach a trade deal with China, saying the United States might not impose higher tariffs on Chinese goods if talks with Beijing were going well. “If we’re close to a deal where we think we can make a […]

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Latest Warning Sign for Markets: A Possible ‘Earnings Recession’

Fears of a looming United States recession have subsided, with investors taking comfort that the Federal Reserve will continue to support economic growth. But warning signs keep flashing about the shaky fundamentals of the economy and therefore the stock market. The latest alarm bell is that Wall Street analysts are slicing their forecasts for how […]

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Flip-Flop by Fed Scrambles Outlook for World Markets

Once again, the Federal Reserve has upended markets. Investors had been bracing for the Fed to keep raising interest rates and shrinking its vast portfolio of assets, the equivalent of tapping on the brakes of the United States economy. But this year, the central bank has signaled that it was backing off. Much has been […]

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One Cheer for the Green New Deal

The first major policy intervention from Alexandria Ocasio-Cortez, the noted social-media personality and future dictator-for-life of the Americas (I believe she’s also a congresswoman of some sort), is a quite-extraordinary document: a blueprint for fighting climate change that manages to confirm every conservative critique of liberal environmental activism, every Republican suspicion of what global-warming alarm […]

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Trump Versus the Socialist Menace

In 1961, America faced what conservatives considered a mortal threat: calls for a national health insurance program covering senior citizens. In an attempt to avert this awful fate, the American Medical Association launched what it called Operation Coffee Cup, a pioneering attempt at viral marketing. Here’s how it worked: Doctors’ wives (hey, it was 1961) […]

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Democrats Aim to Limit Corporate Windfall From Trump Tax Cut

Top Democrats, eager to reverse a corporate windfall created by President Trump’s $1.5 trillion tax cut, are galvanizing around economic policies aimed at limiting the ability of companies to enrich shareholders. The efforts, led by a group of populist presidential candidates and a Senate leader who was long a darling of Wall Street, are part […]

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Trump Nominates David Malpass to Head World Bank

WASHINGTON — President Trump on Wednesday nominated David Malpass, one of his top economic advisers and a Wall Street veteran, to be the next president of the World Bank. Mr. Malpass, currently the under secretary for international affairs at the Treasury Department, is a longtime critic of the World Bank’s lending practices and its business […]

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The Global Con Hidden in Trump’s Tax Reform Law, Revealed

Last night, President Trump reserved a few minutes of his State of the Union address to praise his tax reform law, which turned a year old last month. To promote its passage, Mr. Trump and his congressional allies promised Americans that drastically lowered corporate tax rates would bring home large sums of capital that had […]

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What Does Tucker Carlson Know That the Republican Party Doesn’t?

Competing notions of American national identity are coming to dominate American politics. On Jan. 2, a searing Tucker Carlson monologue on Fox News resonated across every corner of the conservative movement. “The goal for America is both simpler and more elusive than mere prosperity,” Carlson told his audience. “Dignity. Purpose. Self-control. Independence. Above all, deep […]

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The Real State of the Union, in Charts

My fellow Americans, the state of our union is far weaker than it should be. The economy’s growth isn’t benefiting most families very much. Life expectancy has been falling. The planet is warming. The rest of the world is less enamored of America than it has been in the past. But I can offer you […]

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Big Tech Is No Longer Carrying the Stock Market

One by one, the concerns that have hung over the stock market have faded. Fears that the United States economy would dip into a recession this year have eased. The Federal Reserve seems to be finished raising interest rates for the foreseeable future, and optimism has increased that the United States and China could end […]

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Tech Is Splitting the U.S. Work Force in Two

PHOENIX — It’s hard to miss the dogged technological ambition pervading this sprawling desert metropolis. There’s Intel’s $7 billion, seven-nanometer chip plant going up in Chandler. In Scottsdale, Axon, the maker of the Taser, is hungrily snatching talent from Silicon Valley as it embraces automation to keep up with growing demand. Start-ups in fields as […]

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