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Economics Headlines
Taiwan’s self-defense paradox washingtonpost.com
While U.S. senators lobbied for a Taiwan defense spending increase, the opposition leader said she’s heading to China. Beijing will exploit such clear disunity.
Source: washingtonpost.com
A Crude Awakening For the Global Economy barrons.com
Global growth estimates are falling as inflation inches up with the energy shock. Some of the best bets may be Latin American bonds.
Source: barrons.com
Former World Bank chief says Iran economy collapsing into ‘barter system’ amid conflict thehill.com
Former World Bank President David Malpass predicted Sunday that Iran’s economy could collapse into a “barter system” as the country’s financial crisis worsens amid the conflict with the U.S. and Is…
Source: thehill.com
How Trump’s Iran war could make the world more reliant on coal theguardian.com
The energy crisis sparked by the war is making some countries consider ramping up their use of dirty fuels
Source: theguardian.com
Business leaders want to turn Belle Isle into special economic zone — what that means clickondetroit.com
A new $50 billion plan for Belle Isle would transform the island into a special economic zone with high-income housing, shopping, and about 50,000 residents.
Source: clickondetroit.com
Robert B. Reich: Here’s what Trump is turning the US economy into courant.com
Trump’s economic record is only slightly worse than that of every Republican president before him
Source: courant.com
Pain at the Pump Should Mean Pain in the Economy, Not Higher Rates wsj.com
What SpaceX’s IPO Means For The Space Economy forbes.com
The science of a perfect espresso. How AI can help treat heart disease. NASA’s on its way back to the Moon. All that and more in this week’s edition of The Prototype.
Source: forbes.com
More Americans Are Breaking Into the Upper Middle Class wsj.com
New research shows that the ranks of the higher earners have grown markedly over the last 50 years, while the lower rungs of the middle class have shrunk.
Source: wsj.com
Iran says Iraqi ships can pass Strait of Hormuz as transits tick up aljazeera.com
Tehran says Iraq will face no restrictions in waterway, praising country’s ‘struggle’ against the US.
Source: aljazeera.com
Spotlight – ‘Iran open to negotiations’: Diplomacy shows signs of progress, ‘damage to global economy continues’ france24.com
Source: france24.com
Fed job report shows gains, but Triangle economists warn of uncertainty abc11.com
Fed data shows job growth is up and unemployment is down — but Triangle economists say global uncertainty could still impact local workers and consumers.
Source: abc11.com
Americans are getting smaller pay raises as inflation ticks up nbcnews.com
Soaring gas prices mean inflation could soon outpace most Americans’ pay raises. “That’s where you see a lot of squeeze on workers,” said one economist.
Source: nbcnews.com
The economy can shed jobs and still keep the labor market balanced, as Trump’s immigration crackdown turns breakeven hiring negative fortune.com
“Real-time data point to an important change in the U.S. labor market: The benchmark for evaluating payroll growth has moved significantly.”
Source: fortune.com
ZaRah wellness is focused on “health is wealth” and building economic opportunities cbsnews.com
Source: cbsnews.com