Why Biden Shouldn’t Blame Inflation on Monopolies

A Biden initiative comes in for weirdly vehement criticism.

#antitrust-laws-and-competition-issues, #biden-joseph-r-jr, #economics-theory-and-philosophy, #federal-reserve-system, #inflation-economics, #internal-sub-only-nl, #international-trade-and-world-market, #prices-fares-fees-and-rates, #united-states-economy, #united-states-politics-and-government

Why a Blue City Is Feeling the Blues

New York is paying a price for Wall Street’s economic dominance.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #international-trade-and-world-market, #new-york-city, #zoning

Brexit Import Rules Begin to Squeeze British Food Importers

For companies depending on fast, small deliveries, the costs of new Brexit trade rules are mounting.

#agriculture-and-farming, #customs-tariff, #european-union, #food, #great-britain, #great-britain-withdrawal-from-eu-brexit, #greece, #international-trade-and-world-market, #maltbygreek

China’s Economy Slowed Late Last Year on Real Estate Troubles

Economic output climbed 4 percent in the last quarter, slowing from the July through September quarter. Growth has faltered lately as home buyers and consumers become cautious.

#china, #china-evergrande-group, #communist-party-of-china, #consumer-behavior, #coronavirus-2019-ncov, #economic-conditions-and-trends, #international-monetary-fund, #international-trade-and-world-market, #kaisa-group-holdings-ltd, #national-bureau-of-statistics-china, #politics-and-government, #xi-jinping

Supply Chain Woes Could Worsen as China Imposes Covid Lockdowns

American manufacturers are worried that China’s zero-tolerance coronavirus policy could throw a wrench in the global conveyor belt for goods this year.

#china, #coronavirus-2019-ncov, #coronavirus-omicron-variant, #international-trade-and-world-market, #ports, #ships-and-shipping, #supply-chain, #united-states-economy

How France’s Economy Is Surviving the Covid Pandemic

“Socialism” seems to be working pretty well.

#coronavirus-2019-ncov, #coronavirus-reopenings, #economics-theory-and-philosophy, #france, #internal-sub-only-nl, #international-trade-and-world-market, #socialism-theory-and-philosophy

Is Gruyère Still Gruyère if It Doesn’t Come From Gruyères?

A federal judge says yes, siding with U.S. cheese producers who say gruyère can be produced anywhere, not just in Switzerland and France.

#advertising-and-marketing, #cheese, #delicatessens, #ellis-ts-iii, #european-union, #france, #international-trade-and-world-market, #labeling-and-labels-product, #supermarkets-and-grocery-stores, #switzerland, #united-states

Supply Chain Snags Continued to Drive Up Inflation in December

The surge in coronavirus cases is idling workers at ports and trucking companies, while strong consumer demand continues to drive up the cost of shipping and energy.

#buttigieg-pete-1982, #consumer-price-index, #coronavirus-omicron-variant, #international-trade-and-world-market, #ports, #prices-fares-fees-and-rates, #ships-and-shipping, #supply-chain, #transportation-department-us

Bitcoin, Inflation and the Misguided Fear of Government Money Creation

Bitcoin can’t solve a problem we don’t actually have.

#banking-and-financial-institutions, #bitcoin-currency, #currency, #economics-theory-and-philosophy, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #united-states-economy, #united-states-politics-and-government, #us-dollar-currency

A Fresh Defense of Free Trade

A prominent Republican economist admits that open markets have hurt some people. But tariffs, he says, aren’t the answer.

#cass-oren, #conservatism-us-politics, #customs-tariff, #hubbard-r-glenn, #internal-sub-only-nl, #international-trade-and-world-market, #labor-and-jobs, #protectionism-trade

High Inflation May Not Disappear in 2022

The next few months will be unusually murky.

#economics-theory-and-philosophy, #inflation-economics, #internal-sub-only-nl, #international-trade-and-world-market, #renting-and-leasing-real-estate, #united-states-economy

Google Infringed on Speaker Technology Owned by Sonos, Trade Court Rules

The company will not be allowed to import products that infringe on Sonos patents, including smart speakers, video streaming devices and some computers and phones.

#computers-and-the-internet, #google-inc, #international-trade-and-world-market, #inventions-and-patents, #sonos-inc, #speakers-audio, #suits-and-litigation-civil, #united-states-international-trade-commission

Supply Chain Woes Prompt a New Push to Revive U.S. Factories

Companies are testing whether the United States can regain some of the manufacturing output it ceded in recent decades to China and other countries.

#america-knits, #coronavirus-2019-ncov, #factories-and-manufacturing, #international-trade-and-world-market, #labor-and-jobs, #relocation-of-business, #southern-states-us, #supply-chain, #united-states-economy

2021’s Overlooked Economic Recovery

A closer look at a recovery for the record books.

#american-rescue-plan-2021, #economics-theory-and-philosophy, #inflation-economics, #internal-sub-only-nl, #international-trade-and-world-market, #reagan-ronald-wilson, #supply-chain, #unemployment, #united-states-economy

Parents Face Long Waits for Car Seats and Other Baby Items

Expectant parents have keenly felt the inconvenience of global shipping delays caused by the pandemic. With a baby due, “it’s a different ballgame.”

#babies-and-infants, #baby-carriages-strollers-and-carriers, #child-car-seats, #cribs-baby-beds, #delays-transportation, #furniture, #international-trade-and-world-market, #parenting, #pregnancy-and-childbirth, #shopping-and-retail, #supply-chain

For U.K. Companies Brexit Meant Higher Costs and Endless Forms

While the worst of the Brexit trade disruptions are over, British exports to the European Union are down and companies are frustrated.

#customs-tariff, #europe, #european-union, #great-britain, #great-britain-withdrawal-from-eu-brexit, #international-trade-and-world-market, #prices-fares-fees-and-rates, #relocation-of-business, #shopping-and-retail

Germany Wants Its Russian Pipeline. German Allies Aren’t Sure It’s a Good Idea.

The Nord Stream 2 Russia-to-Germany pipeline could offer plentiful natural gas. But tensions with Vladimir Putin are keeping it out of reach.

#cruz-ted, #energy-and-power, #europe, #gazprom, #germany, #international-trade-and-world-market, #natural-gas, #nord-stream-2, #nord-stream-ag, #pipelines, #politics-and-government, #prices-fares-fees-and-rates, #russia, #scholz-olaf-1958, #ukraine

Record Beef Prices, but Ranchers Aren’t Cashing In

“You’re feeding America and going broke doing it”: After years of consolidation, four companies dominate the meatpacking industry, while many ranchers are barely hanging on.

#agriculture-department, #american-meat-institute, #antitrust-laws-and-competition-issues, #beef, #cattle, #federal-trade-commission, #international-trade-and-world-market, #jbs-sa, #meat, #meatpacking-plants-and-slaughterhouses, #prices-fares-fees-and-rates, #ranches, #supply-chain

U.S. Effort to Combat Forced Labor Targets Corporate China Ties

The Biden administration is expected to face scrutiny as it decides how to enforce a new ban on products made with forced labor in the Xinjiang region of China.

#biden-joseph-r-jr, #china, #cotton, #embargoes-and-sanctions, #factories-and-manufacturing, #forced-labor, #global-warming, #house-of-representatives, #human-rights-and-human-rights-violations, #international-trade-and-world-market, #labor-and-jobs, #law-and-legislation, #senate, #solar-energy, #supply-chain, #uighurs-chinese-ethnic-group, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government, #war-crimes-genocide-and-crimes-against-humanity, #xinjiang-china

How China’s CATL Became the Top Electric Car Battery Maker

Beijing gave CATL lavish subsidies, a captive market of buyers and soft regulatory treatment, helping it to control a crucial technology of the future.

#automobile-safety-features-and-defects, #batteries, #bhr-partners, #biden-hunter, #byd-co-ltd, #china, #cobalt, #contemporary-amperex-technology-ltd, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #general-motors, #international-trade-and-world-market, #lithium-metal, #ningde-china, #qinghai-province-china, #regulation-and-deregulation-of-industry, #robin-zeng, #stocks-and-bonds

Biden’s China Dilemma: How to Enforce Trump’s Trade Deal

The Biden administration must decide whether to enforce a Trump-era trade deal that has not fulfilled its promise.

#agriculture-and-farming, #biden-joseph-r-jr, #china, #embargoes-and-sanctions, #international-trade-and-world-market, #trump-donald-j, #united-states-economy

How Inflation Affects Turkey’s Struggling Economy

Even before the pandemic, Turkey was trying to ward off financial meltdown. The crisis has accelerated as President Recep Tayyip Erdogan has doubled down on his unorthodox policies.

#currency, #economic-conditions-and-trends, #erdogan-recep-tayyip, #foreign-investments, #inflation-economics, #interest-rates, #international-trade-and-world-market, #politics-and-government, #recession-and-depression, #turkey, #unemployment

Behind Kentucky’s Tornado Recovery Plan

On states that bite the hand that feeds them.

#economic-conditions-and-trends, #economics-theory-and-philosophy, #federal-aid-us, #federal-taxes-us, #internal-sub-only-nl, #international-trade-and-world-market, #kentucky, #paul-rand, #united-states-economy, #urban-areas

Blinken, in Indonesia, Stresses Soft Power to Counter China

The U.S. secretary of state seeks to make the case that the United States is a better bet as a partner than China, even if it’s not spending so lavishly in the region.

#assn-of-southeast-asian-nations, #blinken-antony-j, #china, #indonesia, #infrastructure-public-works, #international-relations, #international-trade-and-world-market, #southeast-asia

U.S. and Others Pledge Export Controls Tied to Human Rights

The Biden administration’s partnership with Australia, Denmark, Norway, Canada, France, the Netherlands and the United Kingdom aims to stem the flow of key technologies to authoritarian governments.

#australia, #biden-joseph-r-jr, #china, #denmark, #human-rights-and-human-rights-violations, #international-relations, #international-trade-and-world-market, #norway, #russia, #surveillance-of-citizens-by-government, #united-states-politics-and-government

How the Supply Chain Upheaval Became a Life-or-Death Threat

A maker of medical devices can’t keep up with customer demand as the shortage of computer chips puts it in competition with bigger companies with more clout.

#apnea-sleep-disorder, #computer-chips, #coronavirus-2019-ncov, #factories-and-manufacturing, #farrell-michael, #international-trade-and-world-market, #medical-devices, #resmed-inc, #shortages, #united-states

House Votes to Impose Forced Labor Ban on Goods Made in Xinjiang

The lopsided margin reflected growing bipartisan anger at China’s human rights abuses against Uyghurs in the northwestern region.

#apple-inc, #coca-cola-company, #forced-labor, #house-of-representatives, #human-rights-and-human-rights-violations, #international-olympic-committee, #international-trade-and-world-market, #law-and-legislation, #nike-inc, #pelosi-nancy, #peng-shuai, #rubio-marco, #uighurs-chinese-ethnic-group, #united-states-politics-and-government, #war-crimes-genocide-and-crimes-against-humanity, #womens-tennis-assn, #xinjiang-china

Bob Dole, Donald Trump and the Art of Responsibility

Somehow, America stopped honoring responsibility.

#dole-bob, #economics-theory-and-philosophy, #internal-sub-only-nl, #international-trade-and-world-market, #trump-donald-j, #united-states-politics-and-government, #white-house-coronavirus-outbreak-2020

Sri Lanka’s Plunge Into Organic Farming Brings Disaster

The economically troubled country banned chemical fertilizers without preparing farmers, prompting a surge in food prices and worries about shortages.

#agriculture-and-farming, #economic-conditions-and-trends, #fertilizer, #food, #hazardous-and-toxic-substances, #international-trade-and-world-market, #prices-fares-fees-and-rates, #rajapaksa-gotabaya, #shortages, #sri-lanka, #tea, #vegetables

Urea Shortage Is Felt Around the World

Farmers in India are desperate. Trucks in South Korea had to be idled. Food prices, already high, could rise even further.

#agriculture-and-farming, #cf-industries-holdings-inc, #china, #embargoes-and-sanctions, #england, #fertilizer, #india, #international-trade-and-world-market, #madhya-pradesh-india, #natural-gas, #oil-petroleum-and-gasoline, #potash, #prices-fares-fees-and-rates, #russia, #seoul-south-korea, #shortages, #south-korea, #trucks-and-trucking, #united-states, #world-bank

Wonking Out: Money Isn’t Everything

No, not even in macroeconomics.

#economics-theory-and-philosophy, #internal-sub-only-nl, #international-trade-and-world-market

South African Company Nears License to Sell J. & J. Covid Shot Across Africa

The new agreement makes Aspen Pharmacare the first African company to market a Covid vaccine on the continent. But it stops short of allowing Aspen to make the ingredients in the vaccine.

#africa, #aspen-pharmacare, #coronavirus-2019-ncov, #drugs-pharmaceuticals, #intellectual-property, #international-trade-and-world-market, #johnsonjohnson, #south-africa, #vaccination-and-immunization, #your-feed-science

Does Europe’s Lower Inflation Hold Lessons for America?

What does (somewhat) lower inflation in Europe tell us about America?

#economics-theory-and-philosophy, #europe, #inflation-economics, #internal-sub-only-nl, #international-trade-and-world-market, #united-states-economy

Counterfeit Covid Masks Are Still Sold Everywhere

Rising Covid cases have spurred a return to mask-wearing in the U.S. and overseas, at a time when flawed KN95s from China continue to dominate e-commerce sites.

#amazon-com-inc, #centers-for-disease-control-and-prevention, #consumer-reviews, #coronavirus-2019-ncov, #counterfeit-merchandise, #e-commerce, #food-and-drug-administration, #international-trade-and-world-market, #masks, #protective-clothing-and-gear, #united-states-politics-and-government, #warren-elizabeth

A Wine Rack on Rails? U.K. Businesses Seek Solutions to Shortages.

Two months after concerns about gas and food stocks caused ripples of anxiety, Britain continues to face problems in its supply chain. Distributors and retailers are looking for creative fixes.

#coronavirus-2019-ncov, #european-union, #great-britain, #great-britain-withdrawal-from-eu-brexit, #international-trade-and-world-market, #politics-and-government, #shortages, #supermarkets-and-grocery-stores, #trucks-and-trucking

End the Trump-Biden Tariffs

An import tax on chassis is contributing to inflation and port congestion. The government needs to find better ways of increasing manufacturing.

#customs-tariff, #factories-and-manufacturing, #international-trade-and-world-market, #prices-fares-fees-and-rates

The Inflation Miscalculation Complicating Biden’s Agenda

Administration officials blame the Delta variant for a prolonged stretch of consumer spending on goods, rather than services, pushing up prices and creating a conundrum for the Fed.

#american-rescue-plan-2021, #biden-joseph-r-jr, #consumer-price-index, #coronavirus-2019-ncov, #coronavirus-delta-variant, #inflation-economics, #international-trade-and-world-market, #united-states-economy, #united-states-politics-and-government

Inflation Batters Pakistan and Puts Pressure on Imran Khan

Rising prices and a weakened currency are straining households, intensifying pressure on Prime Minister Imran Khan to find solutions.

#credit-and-debt, #economic-conditions-and-trends, #food, #inflation-economics, #international-monetary-fund, #international-trade-and-world-market, #khan-imran, #oil-petroleum-and-gasoline, #pakistan, #prices-fares-fees-and-rates

Inflation Headlines Don’t Tell the Whole Story

This isn’t the inflation you were looking for.

#durable-goods-economic-indicator, #economics-theory-and-philosophy, #inflation-economics, #internal-sub-only-nl, #international-trade-and-world-market, #united-states-economy

The Supply-Chain Crisis Is a Labor Crisis

Governments around the world have failed transport workers. But it’s not too late to help them.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #international-trade-and-world-market, #labor-and-jobs, #los-angeles-calif, #ships-and-shipping, #vaccination-and-immunization

How Leather Seats in Luxury SUVs Fuel Amazon Deforestation

An examination of Brazil’s immense tannery industry shows how hides from illegally deforested ranches can easily reach the global marketplace. In the United States, much of the demand for Brazilian leather comes from automakers.

#agriculture-and-farming, #amazon-river-basin, #automobiles, #beef, #brazil, #cattle, #ford-motor-co, #forests-and-forestry, #general-motors, #global-warming, #international-trade-and-world-market, #jbs-sa, #land-use-policies, #leather-and-leather-goods, #marfrig-group, #meatpacking-plants-and-slaughterhouses, #ranches, #volkswagen-ag

Biden Sells Infrastructure Improvements as a Way to Counter China

Spending on roads, broadband internet and more will help revitalize U.S. competitiveness against its top economic adversary, the president says.

#biden-joseph-r-jr, #china, #economic-conditions-and-trends, #infrastructure-public-works, #infrastructure-investment-and-jobs-act-2021, #international-trade-and-world-market, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government

U.S.-China Relations: What to Know

The Biden administration has called managing America’s relationship with Beijing “the biggest geopolitical test of the 21st century.”

#biden-joseph-r-jr, #china, #commerce-department, #communist-party-of-china, #forced-labor, #international-trade-and-world-market, #kerry-john, #tai-katherine-1974, #taiwan, #uighurs-chinese-ethnic-group, #united-states, #united-states-international-relations, #united-states-politics-and-government, #wang-yi, #xi-jinping

With Gas Prices High, Calls Grow to Tap Strategic Oil Reserve

President Biden is under pressure to release oil from the Strategic Petroleum Reserve. Here’s how it works, and how it might lower prices (modestly, and maybe not for long).

#coronavirus-2019-ncov, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #reserves-natural-resources, #strategic-petroleum-reserve-us, #united-states-economy, #united-states-politics-and-government

Crunch at Ports May Mean Crisis for Family Farms

Backlogs and cancellations are hitting American growers as costs rise, profits slump and overseas customers shop elsewhere.

#agriculture-and-farming, #dairy-products, #freight-cargo, #international-trade-and-world-market, #milk, #port-of-los-angeles-calif, #ports, #ships-and-shipping, #trucks-and-trucking

Europe, Taiwan Inch Closer as Distrust of Beijing Grows

Talks between European lawmakers and Taiwanese officials point to Europe’s increasing willingness to strengthen relations, despite Beijing’s threats.

#china, #coronavirus-2019-ncov, #defense-and-military-forces, #europe, #european-council, #european-parliament, #european-union, #international-trade-and-world-market, #taiwan, #tsai-ing-wen, #united-states-international-relations, #xi-jinping

The U.S. Economy Is Booming. Why Do Americans Feel Bad?

What do people mean when they talk about “the economy”?

#economics-theory-and-philosophy, #inflation-economics, #internal-sub-only-nl, #international-trade-and-world-market, #united-states-economy

The Developing World Is Falling Short on Emissions Reductions

Plans for new power generation won’t meet global climate goals.

#alternative-and-renewable-energy, #carbon-dioxide, #china, #coal, #corporations, #electric-light-and-power, #energy-and-power, #global-warming, #greenhouse-gas-emissions, #international-energy-agency, #international-trade-and-world-market, #japan, #mexico, #pakistan, #south-africa, #third-world-and-developing-countries, #vietnam

Bitterness Over Brexit Lies Behind Fraying France-U.K. Relations

A recent dispute over fishing rights illuminates a broader and more fundamental disagreement over Britain’s decision to leave the European Union.

#araud-gerard-1953, #castex-jean, #european-commission, #european-union, #france, #great-britain, #great-britain-withdrawal-from-eu-brexit, #international-relations, #international-trade-and-world-market, #johnson-boris, #macron-emmanuel-1977, #politics-and-government, #von-der-leyen-ursula

European Steel Plan Shows Biden’s Bid to Merge Climate and Trade Policy

A potential agreement on steel trade provides the clearest look yet at how the Biden administration plans to implement a trade policy that is both protectionist and progressive

#aluminum, #american-iron-and-steel-institute, #biden-joseph-r-jr, #carbon-dioxide, #china, #commerce-department, #customs-tariff, #europe, #european-union, #greenhouse-gas-emissions, #international-relations, #international-trade-and-world-market, #steel-and-iron, #tai-katherine-1974, #taxation, #united-states, #united-states-politics-and-government, #world-trade-organization