A deep recession, a severe drought and a plunging currency have led to the biggest bailout in IMF history. The government hopes it can avoid the meltdowns that followed past crises.
Americans seem to believe trade deficits are a bad thing, partly because of arguments suggesting they mean the US is ‘losing.’ An economist explains why that’s rubbish.
It’s been 10 years since the U.S. signed into law a scheme to print money, essentially, and save the financial sector amid the sub-prime mortgage meltdown. Did it work? And who’s truly benefitted?
Many US coastal towns are building defenses to protect against rising seas and storms. This can encourage people to stay in place when they should be moving inland.
A new study shows that natural disasters enrich white victims while hurting people of color, worsening wealth inequality. And government aid contributes to the problem.
People think migrants are draining Australia’s resources. But if we were to cut down on migration, it would also make sense to introduce policies that limit numbers of international tourists.
Apple became the world’s ‘biggest’ company because of its sky-high valuation. But in the past, the largest companies were known for more meaningful metrics such as revenue and number of employes.
The Trump administration is considering a change to capital gains that could be a windfall for the rich. A scholar explains what they are and how they’re taxed.
The president says he’s fighting his trade war because a generation of free trade has failed working-class Americans. An economist explains why tariffs will only make things worse.
The president, who called the European Union a ‘foe’ following a series of meetings in Europe, may not realize just how much Americans have gained from their relationship with Europe.
News that Australian CEO pay has soared to a 17-year high at a time when ordinary workers’ wages are flatlining is ultimately bad news for economic growth and prosperity.
Stephen J. Silvia, American University School of International Service
Trump has often talked about leaving the World Trade Organization. An economist explains what it is and what would happen if the president had his way.