Breaking News, World Updates & Headlines
Breaking News, World Updates & Headlines
‘The push against datacenters speaks to the frustration of people who don’t feel they are making the choices in their lives’The Stanford ethicist Rob Reich was once invited to a dinner organized by a Silicon Valley mogul to discuss what a state designe…
Read MoreFed chair presided over unanimous decision to raise interest rates despite intense campaign from White HouseIn the end, Kevin Warsh’s Federal Reserve acquitted itself well. For all the uncertainty he had sparked at the previous meeting of the Federal O…
Read MoreThe US is scooping up treasury bonds in an effort to raise their price and push yields down – but it’s not workingThe bond market is driving the Trump administration crazy. Last week, the treasury secretary, Scott Bessent, announced that the government…
Read MoreThe enormous US debt under Trump will hobble the next Democratic administration – just as the GOP plannedYou could pin the US’s staggering $40tn in government debt to Donald Trump’s Keystone Cops-style governance. Tariffs he sold as a new source of rev…
Read MoreA weak yuan guarantees Beijing massive trade surplus even as the White House tries tamp down on Chinese importsSince China offered a truce in the trade war last October following its threat to deprive the United States of rare-earth magnets, the Trump …
Read MoreUS tax policy deprives the government of revenue and overwhelmingly serves the interests of the richAfter the House passed its version of Donald Trump’s One Big Beautiful Bill Act (OBBBA) last year – the one that paired a $5tn-plus tax cut with $1tn-pl…
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