China’s Central Bank Cuts Rates Again to Boost Economy
BEIJING — China is cutting interest rates again in a new effort to shore up its anemic economic growth. – Go to Home Page »
Tag: economic
Vladimir Putin’s approval rating? Now at a whopping 86%
So how is it that Russian President Vladimir Putin’s popularity is at a whopping 86%? That’s the conclusion of a poll conducted this month by the Levada Center. Last month,…
Why Obama did GOP a favor on Keystone veto
When Barack Obama issued just the third veto of his presidency on Tuesday, of a bill allowing construction of the Keystone XL pipeline, Republicans were outraged, or at least pretended…
Nobel Prize up for sale in rare auction
The 1936 Nobel Peace Prize awarded to Argentina’s Foreign Minister Carlos Saavedra Lamas went for $950,000 last March, while the 1935 Nobel for Physics given to James Chadwick for his…
In Greek Crisis, Rare Moment of Consensus
ROME — For the past month, as Greece once again emerged as a threat to the global economy, a new generation of populist Greek leaders vowed to shatter Europe’s austerity…
Janet Yellen Says Fed Is in No Hurry to Raise Rates
WASHINGTON — Janet L. Yellen, the Federal Reserve chairwoman, said Tuesday that the Fed was pleased with recent economic growth, convinced there was plenty of room for improvement and in…
Amid Venezuela’s Economic Chaos, a Political Crackdown
CARACAS, Venezuela — For a glimpse into Venezuela’s economic disarray, slip into a travel agency here and book a round-trip flight to Maracaibo, on the other side of the country,…
Top Democrat Pushes Back On Expanding Obama’s Trade Powers
WASHINGTON — The biggest economic policy fight of 2015 is creating serious headaches for congressional Democrats, and particularly Sen. Ron Wyden (D-Ore.). As the top Democrat on the Senate Finance…
‘We had to adapt’: Syrian refugees inject fresh life, business into camp
“We had to adapt,” he said. It’s not just about coming up with business innovations or delivery options. Thinking outside the box becomes a necessity when you’re essentially living in…
HUFFPOLLSTER: Obama’s Ratings Increase On Economy, Not Terrorism
The economy is boosting President Obama, but his rating on terrorism remains low. Hillary Clinton has an early lead in three battleground states, but the models say the race will…
Greek Bureaucracy, Not Just Austerity, Is an Economic Drag
Greece’s economic problems are not solely about the austerity measures, but also about the bureaucracy, which almost caused Stamatiou Plastics, owned by Philippos Stamatiou and his father, to close last year.”…
Xi’s foreign policy: No meek approach in Year of Sheep
For the 61-year-old Xiconsidered China’s most powerful leader in decadeshis marquee appearance last November as the host of a global summit has offered good clues on his future moves. During…
Surprisingly, a Voluntary Climate Treaty Could Actually Work
Follow Us: Get the Upshot in your Inbox FEB. 13, 2015 Economic View – If history is a guide, whether this treaty’s goals are met will depend on the extent…
Oil Prices Up 3% on News of Economic Growth in Europe, but Supplies Rise
HOUSTON — The global benchmark price for oil rallied above $60 a barrel on Friday for the first time in 2015, but analysts warned that growing stockpiles were hanging over…
North Korea: Fairyland or ‘country of mushrooms?’
Published by the state-controlled KCNA news agency, the slogansmore than 300 in totalwere prepared by the Workers’ Party of Korea and called for “painstaking efforts” to improve the livelihoods of…
The California Chasm: A Look At Income Inequality In The Golden State
This piece was originally published on Capital & Main. As it pushes historic levels, inequality has become a hot topic. Activists have organized around the rich-poor divide, with “The One…
David Axelrod Describes The No Good, Very Bad Minefield Of Obama’s Early Presidency
WASHINGTON — Barack Obama, transitioning from presidential campaign to the White House in the fall of 2008, was confronted with what could be described as a steaming pile of bad…
Made in America makes a comeback
Thanks to the resilience of U.S. workers and businesses of all sizes, “Made in America” is making a comeback. According to data released last week by the Department of Commerce,…
Top aide leaving foundation to build Clinton’s 2016 fundraising team
Since joining in 2011, Cheng has raised $248 million for the foundation endowment and worked diversify the group’s priorities. Foundation Spokesman Craig Minassian said “Dennis… expanded our ability to support…
Matured Anchorage Struggles to Shake Haunting Memories
ANCHORAGE — This city often walks with a swagger as the metropolis of America’s far north, the high-rises of its oil-based economy glittering against a backdrop of mountain peaks and…
Dems, GOP make middle-class pitch
Neurosurgeon and conservative favorite Ben Carson was the latest to touch on the issue, raising it during an appearance on “Fox News Sunday”and offering a critique of 2012 nominee Mitt…
Economic Plan Is a Quandary for Hillary Clinton’s Campaign
With advice from more than 200 policy experts, Hillary Rodham Clinton is trying to answer what has emerged as a central question of her early presidential campaign strategy: how to…
European Union Raises Its Forecast for Growth
BRUSSELS — European Union officials on Thursday nudged up growth forecasts across the 28-nation bloc amid optimism that falling oil prices, a weaker euro and intervention by the European Central…
Putin Spending Big On Military Modernization Despite Russia’s Economic Woes
Hundreds of new Russian aircraft, tanks and missiles are rolling off assembly lines. Russian jets roar through European skies under NATO’s wary eye. Tens of thousands of troops take part…
China Moves to Free Up Money in Its Economy
HONG KONG — China’s central bank announced on Wednesday evening that it had reduced the share of assets that commercial banks must hold as reserves, freeing them to lend more…
Local Politics Are Fracturing European Unity
Eduardo Porter ECONOMIC SCENE The euro had been enshrined in a treaty but not yet come to life in the autumn of 1997, when Martin Feldstein, the influential president of…
India Moves to Increase Bank Lending
HONG KONG — India’s central bank said Tuesday that it would allow commercial banks to hold less money in reserve, and Australia’s central bank cut rates to an record low,…
Obama Budget to Seek to Stabilize Deficit and Address Income Inequality
WASHINGTON — President Obama will propose a 10-year budget on Monday that stabilizes the federal deficit but does not seek balance, instead focusing on policies to address income inequality as…
Greece’s Leftist Government Sparks Fears Of A Russian Beachhead In Europe
Just days after shaking European economic policy to its core with a sweeping win in Greek elections, the radical leftist party Syriza is challenging a fundamental tenet of the continent’s…
Bernie Sanders Shows How Reagan Helped Destroy The Middle Class
WASHINGTON — President Ronald Reagan remains a venerated figure in American politics, even as folks on the left have been taking a more critical look at his economic legacy in…