Economy

The averted national railroad strike is a parable of contemporary American capitalism

The averted national railroad strike is a parable of contemporary American capitalism

In our click-driven world, the threat of a US freight railroad strike and President Biden’s intervention to prevent it have been the news for the past week. But there are two groups for whom the averted strike is still front and center: the 115,000 railroad workers who will be forced to work under the terms …

The averted national railroad strike is a parable of contemporary American capitalism Read More »

Here's what top US CEOs are saying about a possible recession in 2023

Here’s what top US CEOs are saying about a possible recession in 2023

General Motors CEO Mary Barra speaks during a visit by the President to the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan on November 17, 2021. Mandel Ngan | AFP | Getty Images As 2023 approaches and the prospect of a recession looms, corporate America is bracing for a slowdown in consumer …

Here’s what top US CEOs are saying about a possible recession in 2023 Read More »

White-collar layoffs soar at brand companies amid economic downturn

White-collar layoffs soar at brand companies amid economic downturn

Early in the pandemic, waves of layoffs hit retail, leisure and hospitality workers — anyone whose job depended on in-person interactions. But now that the pandemic has subsided, it’s those workers who are outnumbered and it’s the highest-paid employees who find themselves at the end of the layoff announcements. Among the branded companies that recently …

White-collar layoffs soar at brand companies amid economic downturn Read More »

Janet Yellen

New report shows foreign banks have secret derivative debt that’s ’10 times their capital’

By Pam Martens and Russ Martens: December 6, 2022 ~ Janet Yellen, US Treasury Secretary United States Treasury Secretary Janet Yellen has the dual role of chairing the Financial Stability Oversight Council (F-SOC), whose role is to provide “comprehensive oversight of the stability of the financial system of our nation”. The heads of each of …

New report shows foreign banks have secret derivative debt that’s ’10 times their capital’ Read More »

'Scariest measure of all': Mike Rowe warns 7m American men have 'done' looking for work and 'break through' - here's why it's a serious problem

‘Scariest measure of all’: Mike Rowe warns 7m American men have ‘done’ looking for work and ‘break through’ – here’s why it’s a serious problem

‘Scariest measure of all’: Mike Rowe warns 7m American men have ‘done’ looking for work and ‘break through’ – here’s why it’s a serious problem Men have been steadily exiting the US workforce since pre-pandemic times — even now, despite millions of job openings and an uncertain economic climate. As the US labor market remains …

‘Scariest measure of all’: Mike Rowe warns 7m American men have ‘done’ looking for work and ‘break through’ – here’s why it’s a serious problem Read More »

"Not the way you treat your friends."  Biden's climate plan strains trade ties with Europe |  CNN Business

“Not the way you treat your friends.” Biden’s climate plan strains trade ties with Europe | CNN Business

London CNN Business — The world’s largest economic relationship has fallen on hard times. The European Union and the United States – together responsible for a third of global trade – have clashed in recent weeks over US President Joe Biden’s landmark $370 billion climate plan. The Inflation Reduction Act (IRA), which was passed by …

“Not the way you treat your friends.” Biden’s climate plan strains trade ties with Europe | CNN Business Read More »

My Favorite Investment Writing of 2022 - From Dollars and Data

My Favorite Investment Writing of 2022 – From Dollars and Data

As 2022 draws to a close, it’s time for my annual tradition to collect my favorite investing writings of the year. I started this tradition in 2017, and I continue it since (2018, 2019, 2020, 2021). However, unlike previous years, 2022 has been painful for investors of all types. Stocks fell, bonds fell, and crypto …

My Favorite Investment Writing of 2022 – From Dollars and Data Read More »

China's Xi has met more than 25 world leaders since consolidating power at home

China’s Xi has met more than 25 world leaders since consolidating power at home

Chinese President Xi Jinping attends a session during the G20 summit on the Indonesian resort island of Bali on November 16, 2022. Willy Kurniawan | AFP | Getty Images BEIJING — A month after consolidating power at home, Chinese President Xi Jinping has stepped out onto the world stage to strengthen relations with the United …

China’s Xi has met more than 25 world leaders since consolidating power at home Read More »

In the ruins of Chernobyl, Ukraine awaits Russia - again

In the ruins of Chernobyl, Ukraine awaits Russia – again

Reactor No. 4, protected by a structure called New Safe Confinement, at the Chernobyl nuclear power plant on April 26, 2022, the 36th anniversary of the disaster. (Sergei Supinsky/AFP via Getty Images) KYIV — The Belarusian border with Ukraine is 674 miles long. But one of the most strategically important areas is directly north of …

In the ruins of Chernobyl, Ukraine awaits Russia – again Read More »

US, EU agree to intensify talks on 'green subsidies' dispute

US, EU agree to intensify talks on ‘green subsidies’ dispute

Tennessee Rep. Mark Green reacts to China mocking America’s commitment to spending on climate change in “The Evening Edit.” The United States and the European Union agreed on Monday to intensify talks to resolve EU concerns over significant subsidies to American companies contained in a US clean energy law. Although no agreement was reached at …

US, EU agree to intensify talks on ‘green subsidies’ dispute Read More »