Category: News

News todey

The FBI Scandal Hiding in Plain Sight

Remember the last time Republicans said the FBI was pro-Clinton? That was just before Democrats said James Comey and his FBI were anti-Clinton. Photographer: Alex Wong/Getty Images If you’re looking for a Justice Department scandal regarding Robert Mueller's investigation into Russia's influence of the 2016 election, it's hiding in plain sight. Look no further than […]

The Jones Act Serves No Purpose

When U.S. shipbuilders ruled the waves. Photographer: Fox Photos The costs of the Jones Act – the law requiring all maritime commerce between U.S. ports to be carried on ships built, crewed and owned by Americans — get too little attention. The toll is heavy, and the burden is unfairly distributed. But what if the law serves […]

Russia’s Military Is Leaner, But Meaner

Less bang for the buck. Photographer: Sean Gallup During Russian President Vladimir Putin's annual press conference on Thursday, a friendly journalist asked Putin whether the escalating tension in relations with the U.S. and the crumbling of arms control treaties would draw Russia into an unsustainable arms race. "We will ensure our security without engaging in an arms race," […]

Latin America Needs a China Strategy

The man with the plan. Photographer: Leo Ramirez/AFP/Getty Images To judge by the pomp and shuttle diplomacy, Latin America and China are best of friends. Witness the bonhomie in Punta del Este, where delegates from 33 nations in the Americas just rolled out the red carpet for authorities from Beijing and scores of corporate bigwigs […]

U.S. Weekly Jobless Claims Show Unexpected Decrease

U.S. Weekly Jobless Claims Show Unexpected Decrease First-time claims for U.S. unemployment aid fell unexpectedly in the week ended 9. December, according to a report, released by the labor Department on Thursday. The report said initial jobless claims fell 11,000 from the previous week uncorrected level of 236,000. Economists had expected initial claims for unemployment […]

Corporate Bonds Sour on the Republican Tax Plan

Bond investors are not optimistic. Photographer: Michael Nagle The proposed Republican tax plan may not be as big a boon for the economy as suggested by the performance of U.S. stocks. While equities have soared the past month on the rising prospect for corporate tax cuts, corporate bonds have done little. In fact, a basket […]

U.S. Could Give Exporters a Helping Hand

A clear message. Source: Geography Photos/UIG/Getty Images Economics commentators have a habit of referring to any and all government interventions in international trade under the blanket terms of protectionism and trade barriers. As for economists themselves, the general consensus in favor of free trade seems to prevent most researchers from publicly suggesting policy experiments that […]

Bank Of England keeps Rate, QE

Bank Of England keeps Rate, QE The Bank of England left the key interest rate unchanged on Thursday after raising for the first time in a decade in November. The monetary policy Committee headed by Governor Mark Carney, voted unanimously decided to maintain the benchmark rate at 0.50 percent. The bank had raised the interest […]