The Economic Mistake Democrats Are Finally Confronting

The left needs to think as much about supply as it does about demand. 

#biden-joseph-r-jr, #democratic-party, #economic-conditions-and-trends, #economics-theory-and-philosophy, #income, #inflation-economics, #liberalism-us-politics, #niskanen-center, #prices-fares-fees-and-rates, #public-and-subsidized-housing, #rationing-and-allocation-of-resources, #united-states, #united-states-economy, #united-states-politics-and-government, #welfare-us

Merkel Leaves the German Economy With Trouble Under the Hood

Chancellor Angela Merkel steered Europe through crises, and Germany has boomed during her tenure. But she has ducked changes needed to ensure the success lasts, analysts say.

#automobiles, #computers-and-the-internet, #economic-conditions-and-trends, #elections, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #germany, #international-relations, #international-trade-and-world-market, #labor-and-jobs, #merkel-angela, #politics-and-government, #regulation-and-deregulation-of-industry

Do We Need to Shrink the Economy to Stop Climate Change?

The degrowth movement argues climate change isn’t a problem we can simply innovate our way out of.

#debatable, #degrowth, #economic-conditions-and-trends, #economics-theory-and-philosophy, #global-warming, #green-growth, #gross-domestic-product

China Evergrande Warns of Financial Pressure, Hires Advisers

China Evergrande hired restructuring experts, sending its shares lower and adding to worries about what its fate might mean to the country’s economy.

#bankruptcies, #china, #china-evergrande-group, #credit-and-debt, #economic-conditions-and-trends, #real-estate-and-housing-residential, #stocks-and-bonds

Calling New York ‘Dysfunctional,’ Adams Vows to ‘Welcome Business’

Eric Adams, the Democratic mayoral nominee, said that New York will “no longer be anti-business,” drawing a contrast with the current mayor, Bill de Blasio.

#adams-eric-l, #economic-conditions-and-trends, #elections-mayors, #labor-and-jobs, #new-york-city

Can a Green-Economy Boom Town Be Built to Last?

The race to make electric vehicles is turning some places into winners. Normal, Ill., is one of them. But it has seen good times go sour in the past.

#alternative-and-renewable-energy, #automobiles, #building-construction, #economic-conditions-and-trends, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #illinois, #labor-and-jobs, #normal-ill, #restoration-and-renovation, #rivian-automotive-llc, #scaringe-r-j

Spain Arrests Former Venezuela Spy Chief Accused of Drug Trafficking

Hugo Carvajal, the former intelligence chief, had been hiding in Madrid, the police said, trying to avoid extradition to the United States.

#carvajal-hugo, #drug-abuse-and-traffic, #economic-conditions-and-trends, #espionage-and-intelligence-services, #extradition, #fugitives, #guaido-juan, #international-relations, #maduro-nicolas, #politics-and-government, #spain, #venezuela

Lebanon Gets New Prime Minister Amid Economic Meltdown

The billionaire Najib Mikati’s new cabinet is Lebanon’s first empowered government in more than a year. It faces the immediate challenge of a collapsing economy.

#economic-conditions-and-trends, #lebanon, #legislatures-and-parliaments, #mikati-najib, #politics-and-government

China Increasing Rejects English, and Outside Ideas

A movement against Western influence threatens to close off a nation that succeeded in part by welcoming new ideas.

#books-and-literature, #china, #chinese-language, #colleges-and-universities, #economic-conditions-and-trends, #education-k-12, #english-language, #language-and-languages, #politics-and-government, #propaganda, #reading-and-writing-skills-education, #united-states-international-relations

California’s Farms Face a Reckoning

Eighty percent of the water used by people in California goes to just 0.8 percent of the state’s gross domestic product.

#agriculture-and-farming, #california, #drought, #economic-conditions-and-trends, #internal-sub-only, #irrigation, #rain, #social-security-us, #water

The Delta Variant and China’s Need to Change Its Covid-19 Policy

The benefits of the zero-infections policy have dropped in relation to the costs of implementation, and there are signs it is becoming counterproductive.

#australia, #china, #coronavirus-2019-ncov, #coronavirus-delta-variant, #coronavirus-reopenings, #deaths-fatalities, #disease-rates, #economic-conditions-and-trends, #international-relations, #international-trade-and-world-market, #nanjing-china, #national-bureau-of-statistics-china, #new-zealand, #politics-and-government, #singapore, #travel-warnings, #vaccination-and-immunization, #wechat-mobile-app, #wuhan-china

Inflation’s Worldwide Surge May Be a Good Sign

Inflation has surged across advanced economies. The shared experience underlines that price gains come from temporary drivers — for now.

#bank-of-england, #banking-and-financial-institutions, #coronavirus-2019-ncov, #economic-conditions-and-trends, #european-union, #federal-reserve-system, #inflation-economics, #international-trade-and-world-market, #prices-fares-fees-and-rates, #united-states-economy

German Election: Who Is the Green Party’s Annalena Baerbock?

Annalena Baerbock, the 40-year-old candidate for the Green Party, is likely to have a say in Germany’s next government, no matter who wins this month’s election.

#automobiles, #baerbock-annalena, #budgets-and-budgeting, #carbon-dioxide, #coal, #economic-conditions-and-trends, #elections, #global-warming, #green-party-germany, #greenhouse-gas-emissions, #international-trade-and-world-market, #politics-and-government, #solar-energy

China’s Xi Pressures Tycoons With ‘Common Prosperity’ Talk

As the country’s leader prepares for a likely third term, he is promising “common prosperity” to lift farmers and working families into the middle class.

#china, #communist-party-of-china, #economic-conditions-and-trends, #high-net-worth-individuals, #income, #income-inequality, #labor-and-jobs, #ma-jack, #philanthropy, #property-taxes, #socialism-theory-and-philosophy, #xi-jinping, #zhejiang-province-china

In Global First, El Salvador Adopts Bitcoin as Currency

President Nayib Bukele has promoted the cryptocurrency as a path to financial freedom, but economic experts and many Salvadorans worry the move brings great risks.

#bitcoin-currency, #bukele-nayib, #currency, #economic-conditions-and-trends, #el-salvador, #latin-america

Lebanon’s Economy Has Collapsed. And So Has Our Way of Life.

The standards by which “normal” or “acceptable” living conditions are measured have long been discarded.

#batteries, #beirut-lebanon, #computer-network-outages, #currency, #economic-conditions-and-trends, #economic-crisis, #food-contamination-and-poisoning, #fuel-shortages, #heat-and-heat-waves, #international-trade-and-world-market, #lebanon, #shortages, #shutdowns-institutional, #supermarkets-and-grocery-stores, #water

Why the Taliban Desperately Need Cash to Run Afghanistan

The group has long tapped underground banks and opium to fund Afghanistan’s insurgency. Fixing the nation’s problems will require a lot more than that.

#afghanistan, #afghanistan-war-2001, #banking-and-financial-institutions, #currency, #economic-conditions-and-trends, #food-insecurity, #foreign-aid, #hawala, #opium, #poverty, #smuggling, #taliban

Is Brooklyn Leading New York City Out of the Pandemic?

The emptying of Manhattan’s office districts has benefited Brooklyn neighborhoods where residents worked from home, testing the balance of power between the city’s boroughs.

#brooklyn-nyc, #brooklyn-chamber-of-commerce, #browser-the, #center-for-an-urban-future, #coronavirus-2019-ncov, #coronavirus-reopenings, #economic-conditions-and-trends, #new-york-city, #relocation-of-business, #small-business

India’s Economic Figures Belie Covid-19’s Toll

Strong results compared with last year’s performance mask lingering weaknesses that could hold back needed job creation.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #gross-domestic-product, #india, #infrastructure-public-works, #labor-and-jobs, #modi-narendra, #politics-and-government, #unemployment, #vaccination-and-immunization

The World Is Still Short of Everything. Get Used to It.

Pandemic-related product shortages — from computer chips to construction materials — were supposed to be resolved by now. Instead, the world has gained a lesson in the ripple effects of disruption.

#china, #columbia-sportswear-company, #cork-ireland, #economic-conditions-and-trends, #england, #european-union, #far-east-south-and-southeast-asia-and-pacific-areas, #freight-cargo, #international-trade-and-world-market, #ports, #prices-fares-fees-and-rates, #ships-and-shipping, #shortages, #south-dakota, #suez-canal, #target-corporation, #toyota-motor-corp, #united-states

California Could Throw Away What It’s Won

A crazy recall process could lead to repudiation of the state’s policy successes.

#california, #economic-conditions-and-trends, #elder-larry-1952, #elections-california-gubernatorial-recall-2021, #homeless-persons, #newsom-gavin, #real-estate-and-housing-residential, #relocation-of-business, #texas

New York City’s Economy Is Dealt a New Blow by the Delta Variant

The Delta variant has upended events, office reopenings and travel, raising new challenges for service businesses and their workers.

#business-travel, #conventions-fairs-and-trade-shows, #coronavirus-delta-variant, #coronavirus-reopenings, #economic-conditions-and-trends, #labor-and-jobs, #new-york-city, #small-business, #travel-and-vacations, #unemployment

Afghanistan Faces Economic Shock as Sanctions Replace Foreign Aid

The Taliban will be under pressure to keep a fragile economy afloat.

#afghanistan, #afghanistan-war-2001, #economic-conditions-and-trends, #embargoes-and-sanctions, #foreign-aid, #humanitarian-aid, #international-monetary-fund, #international-relations, #politics-and-government, #republican-party, #security-council-un, #taliban, #treasury-department, #united-nations, #united-states, #united-states-politics-and-government, #world-bank

South Koreans Now Dislike China More Than They Dislike Japan

There is growing anti-China sentiment in South Korea, particularly among young voters. Conservative politicians are eager to turn the antipathy into a presidential election issue.

#china, #defense-and-military-forces, #economic-conditions-and-trends, #elections, #international-relations, #millennial-generation, #moon-jae-in, #people-power-party, #politics-and-government, #polls-and-public-opinion, #south-korea, #voting-and-voters, #xi-jinping, #youth

The former Afghan central bank chief says the Taliban can’t access most of country’s reserves.

Ajmal Ahmady said the central bank had $9 billion in international reserves, including $7 billion at the Federal Reserve. The Biden administration has frozen the assets in U.S. banks.

#afghanistan, #ahmady-ajmal, #banking-and-financial-institutions, #currency, #da-afghanistan-bank, #economic-conditions-and-trends, #federal-reserve-system, #politics-and-government, #taliban, #treasury-department, #united-states-international-relations, #united-states-politics-and-government

A Pricey Drive Down Montenegro’s Highway ‘From Nowhere to Nowhere’

The Montenegrin leader says that an almost $1 billion Chinese-built highway approved by his predecessor has badly strained the country’s finances.

#belt-and-road-initiative-china, #china, #corruption-institutional, #djukanovic-milo, #economic-conditions-and-trends, #foreign-investments, #infrastructure-public-works, #international-relations, #krivokapic-zdravko, #montenegro, #politics-and-government, #roads-and-traffic

Bangladesh Reopens Economy Despite Covid Third Wave

The government is lifting a lockdown despite warnings from health experts that the outbreak could worsen.

#bangladesh, #coronavirus-2019-ncov, #coronavirus-reopenings, #deaths-fatalities, #disease-rates, #economic-conditions-and-trends, #hospitals, #oxygen, #politics-and-government, #poverty, #workplace-hazards-and-violations

Decline in Immigration Threatens Growth of Regions on the Rise

Immigrants helped make places like Northwest Arkansas economic dynamos. But their dwindling numbers, a big factor in slower population growth, could have long-term repercussions.

#arkansas, #bentonville-ark, #census, #economic-conditions-and-trends, #foreign-workers, #immigration-and-emigration, #labor-and-jobs, #population, #springdale-ark

Evergrande Went From China’s Biggest Developer to One of Its Worst Debtors

Regulators want to fix the property sector’s bad habit of borrowing too much. Evergrande, with its billions of dollars in debt, may stand in the way.

#banking-and-financial-institutions, #china, #china-evergrande-group, #credit-and-debt, #economic-conditions-and-trends, #real-estate-and-housing-residential, #regulation-and-deregulation-of-industry, #xu-jiayin

A Renewal for IBM Campuses Once Home to Punch Cards and Circuit Boards

When Big Blue left upstate New York, economic pain ensued. But the large complexes left behind are ideally suited for large-scale production and shipping, local officials say.

#area-planning-and-renewal, #east-fishkill-ny, #economic-conditions-and-trends, #endicott-ny, #factories-and-manufacturing, #hudson-river-valley-ny, #international-business-machines-corporation, #labor-and-jobs, #quarantine-life-and-culture, #real-estate-commercial, #ulster-county-ny

Europe Rolls Out Ambitious Climate Change Plan, but Obstacles Loom

The proposal would impose tariffs on some imports from countries with looser environmental rules. It would also mean the end of sales in the European Union of new gas- and diesel-powered cars in just 14 years.

#alternative-and-renewable-energy, #carbon-caps-and-emissions-trading-programs, #carbon-dioxide, #customs-tariff, #economic-conditions-and-trends, #energy-efficiency, #europe, #european-commission, #european-union, #fuel-efficiency, #fuel-emissions-transportation, #global-warming, #greenhouse-gas-emissions, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #politics-and-government

The Week in Business: Inflation, Billionaires in Space and Other Things Going Up

Prices are rising. China’s economy is still growing, but at a slower pace. And airline travel is back.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #inflation-economics, #united-states-economy

Cubans Denounce ‘Misery’ in Biggest Protests in Decades

The rallies, widely viewed as astonishing for a country that limits dissent, were set off by economic crises worsened by the pandemic.

#coronavirus-2019-ncov, #cuba, #demonstrations-protests-and-riots, #economic-conditions-and-trends, #food-insecurity, #shortages

Office Vacancies Soar in New York, a Dire Sign for the City’s Recovery

Nearly 19 percent of all office space in Manhattan has no tenants — the highest on record — as companies shed leases and embrace remote work.

#coronavirus-2019-ncov, #coronavirus-reopenings, #economic-conditions-and-trends, #facebook-inc, #manhattan-nyc, #partnership-for-new-york-city, #real-estate-commercial, #relocation-of-business, #renting-and-leasing-real-estate, #telecommuting

Economics in a Post-Truth Nation

Things are getting better, but many Republicans won’t believe it.

#democratic-party, #economic-conditions-and-trends, #republican-party, #united-states, #united-states-economy

New York Faces Lasting Economic Toll Even as Pandemic Passes

The city’s prosperity is heavily dependent on patterns of work and travel that may be irreversibly altered.

#commuting, #coronavirus-reopenings, #economic-conditions-and-trends, #labor-and-jobs, #new-york-city, #real-estate-commercial, #travel-and-vacations, #unemployment

Judge Blocks C.D.C. From Enforcing Virus Rules for Cruise Ships in Florida

The ruling was a victory for Florida, which had argued that the rules were crippling the cruise industry and causing the state to lose hundreds of million of dollars.

#centers-for-disease-control-and-prevention, #coronavirus-2019-ncov, #cruises, #decisions-and-verdicts, #desantis-ron, #economic-conditions-and-trends, #florida, #ships-and-shipping, #vaccination-and-immunization

The American Renaissance Has Begun

During the pandemic, Americans have been asking existential questions about their lives; now they are changing them.

#coronavirus-2019-ncov, #coronavirus-reopenings, #economic-conditions-and-trends, #entrepreneurship, #labor-and-jobs, #relocation-of-business, #united-states-economy, #venture-capital, #wages-and-salaries

Soho China Sells to Blackstone, Cementing Owners’ Exit

The husband-and-wife team atop Soho China had already been keeping a lower profile than they did during an earlier, freer era of the country’s economic revival. Now they are selling their real estate business to Blackstone.

#beijing-china, #blackstone-group-the, #china, #communist-party-of-china, #content-type-personal-profile, #economic-conditions-and-trends, #mergers-acquisitions-and-divestitures, #pan-shiyi-1963, #politics-and-government, #real-estate-commercial, #shanghai-china, #soho-china, #xi-jinping, #zhang-xin-1965

North Korea Is Facing a ‘Tense’ Food Shortage

Kim Jong-un said addressing food insecurity was “a top priority” in the country, where millions died in a famine during the ’90s.

#agriculture-and-farming, #coronavirus-2019-ncov, #deaths-fatalities, #economic-conditions-and-trends, #embargoes-and-sanctions, #famine, #food-aid, #food-insecurity, #grain, #kim-jong-un, #politics-and-government, #shortages

China, Russia Team Up for a Space Race With the U.S.

The two countries have pledged to cooperate on expeditions to the moon and to an asteroid, setting the stage for a new space race with the United States and its partners.

#china, #china-manned-space-agency, #economic-conditions-and-trends, #international-relations, #international-space-station, #mars-planet, #moon, #national-aeronautics-and-space-administration, #politics-and-government, #rocket-science-and-propulsion, #russia, #space-and-astronomy, #space-stations

A Fading Coal County Bets on Schools, but There’s One Big Hitch

Hard hit by the decline of mining, a rural area in West Virginia is trying to attract teachers in a comeback effort. What’s lacking are jobs for the graduates.

#american-federation-of-teachers, #economic-conditions-and-trends, #education-k-12, #labor-and-jobs, #mcdowell-county-w-va, #population, #rural-areas, #teachers-and-school-employees

Europe’s Summer of Recovery Is More Fragile Than It Looks

An anticipated surge of tourism in Portugal is suddenly not at all certain — a symbol of the global economy’s continued struggle with pandemic uncertainty.

#coronavirus-2019-ncov, #coronavirus-reopenings, #economic-conditions-and-trends, #european-union, #eurozone, #international-trade-and-world-market, #labor-and-jobs, #politics-and-government, #recession-and-depression, #summer-season, #travel-and-vacations, #wages-and-salaries

U.S. Lifts Some Sanctions on Iranians Before Nuclear Talks

The move was unrelated to negotiations over the 2015 nuclear deal, a State Department spokesman said. The United States also imposed new sanctions on other Iranians.

#arms-control-and-limitation-and-disarmament, #biden-joseph-r-jr, #economic-conditions-and-trends, #embargoes-and-sanctions, #houthis, #iran, #nuclear-weapons, #state-department, #treasury-department, #united-states-international-relations, #united-states-politics-and-government, #yemen

Peruvian Election, Still Undecided, Pushes a Democracy to Its Brink

The two presidential candidates are locked in a near tie. One claims fraud and is seeking to have tens of thousands of votes nullified. The other has called his supporters into the streets.

#castillo-pedro-1969, #demonstrations-protests-and-riots, #economic-conditions-and-trends, #elections, #fujimori-keiko, #peru, #politics-and-government, #voter-fraud-election-fraud

Dreaming of ‘Global Britain,’ Johnson Is Attacked for Cutting Foreign Aid

As Prime Minister Boris Johnson prepares to host the Group of 7 meeting, he faces a battle over efforts to cut foreign aid by a third to help make up for the costs of fighting the coronavirus.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #foreign-aid, #great-britain, #group-of-seven, #johnson-boris, #politics-and-government

America Is Driving the Global Economy. When Does That Become a Problem?

New trade data suggests the outlook for the U.S. economy will depend in part on the rate of recovery of other nations.

#consumer-behavior, #economic-conditions-and-trends, #international-trade-and-world-market, #united-states-economy

China Moves to Tame Inflation Before Prices Rise Too Much

Rising costs at its factories could trickle out into the rest of the world economy.

#china, #consumer-behavior, #currency, #economic-conditions-and-trends, #factories-and-manufacturing, #inflation-economics, #international-trade-and-world-market, #prices-fares-fees-and-rates, #renminbi-currency, #stockpiling, #united-states-economy, #us-dollar-currency

Industrial Policy, Alzheimer’s, Pizza: Your Monday Evening Briefing

Here’s what you need to know at the end of the day.

#alzheimers-disease, #economic-conditions-and-trends, #illegal-immigration, #immigration-and-emigration, #income-inequality, #indigenous-people, #law-and-legislation, #pizza, #politics-and-government, #united-states-politics-and-government

Living on the Margins, ‘Surfing’ on the Buses

In the Brazilian city of Olinda, a group of thrill seekers has taken up an illegal and death-defying hobby: riding on the outside of public buses.

#black-people, #brazil, #buses, #economic-conditions-and-trends, #murders-attempted-murders-and-homicides, #olinda-brazil