Tag: Economy
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Why Biden is getting little credit for the resilient economy
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WASHINGTON — As President Biden struggles to sell Bidenomics to skeptical voters, he’s facing the all-too-real consequences of stubbornly higher inflation, but he’s also battling human psychology. And both of those factors may be especially strong in California. Most economists agree that the American economy during Biden’s presidency has made a remarkable recovery from the pandemic.…
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Growing 'battery belt' for EV plants could spark economy
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EV battery plants are moving into the Southeast, bringing back better jobs than those lost in the textile and furniture industry that’s been in decline in the region. Source link
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Meet the woman who engineered Russia’s wartime economy and helped secure another term for Putin
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Russian central bank governor Elvira Nabiullina has played a key role in stabilizing Russia’s sanctions-hit economy. She has been Russia’s top central banker since 2013 and was once feted internationally. But she is now seen as a complicit participant in Russia’s war against Ukraine. Russia’s economy was supposed to implode and collapse after the West…
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China’s retail and industrial data lifts economy, but real estate drags
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Photo: Florence Lo (Reuters) Official economic data out of China for the January and February period came in better than expected. Industrial output rose 7%, higher than the 5% forecast by economists in a Reuters poll, and sped up from the 6.8% growth in December, according to data published Monday by the National Bureau of…
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Biden calls out ‘shrinkflation’ as part of a broader strategy to reframe how voters view the economy
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WASHINGTON — President Joe Biden is going all-in on calling out “shrinkflation.” The term applies to a seemingly covert way for companies to raise prices by ever so slightly reducing the size of their products. There’s suddenly fewer pretzels in the bag, less toothpaste in the tube and shorter candy bars. “It’s called shrinkflation,” Biden…
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What Biden Should Say About the Economy During the State of the Union
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On Thursday night, President Joe Biden will deliver his election-year State of the Union address. A spate of new opinion polls released over the weekend highlighted the serious challenges facing him as he seeks reëlection: concerns about his age, the southern border, the Israel-Hamas war, and the economy. The RealClearPolitics poll average currently shows him…
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Why Nigeria’s economy is in such a mess
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Nigeria is currently experiencing its worst economic crisis in a generation, leading to widespread hardship and anger. The trade union umbrella group, the Nigeria Labour Congress (NLC), has organised nationwide protests on Tuesday, calling for more action from the government. A litre of petrol costs more than three times what it did nine months ago,…
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Opinion | Americans Believe the Economy Is Rigged Against Them
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When asked what drives the economy, many Americans have a simple, single answer that comes to mind immediately: “greed.” They believe the rich and powerful have designed the economy to benefit themselves and have left others with too little or with nothing at all. We know Americans feel this way because we asked them. Over…
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Granderson: If the economy is so great, why are evictions soaring?
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There is another migrant crisis brewing. Unlike the one at the southern border, this one will be all over the country. A recent Harvard study found that half of the country’s renters are spending a third or more of their income on housing. Those are the people fortunate enough to find housing when there’s a…
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“The Curse” and the Magical Thinking of the Speculative Economy
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“The Curse” is set in the New Mexico desert, where newly married couple Asher (Nathan Fielder) and Whitney (Emma Stone) Siegel have declared themselves pioneers in a new frontier: ethical gentrification. Whitney designs high-end, eco-friendly homes whose mirrored siding and interior décor by local Native artists literally, and figuratively, reflect the surrounding community—the working-class, predominantly…
