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Economics Headlines
Australia household spending growth solid in November, boosting economy reuters.com
Australian household spending growth was solid for a second month in November as consumers splashed out on Black Friday sales, concerts and sporting fixtures, data showed on Monday, another sign the economy was gathering steam.
Source: reuters.com
US and China Flip the Global Script as Capital Flows Reverse bloomberg.com
As the US draws back, China is again dispersing capital globally, leading the rest of the world to confront a fundamental change in their economic relationships with both superpowers.
Source: bloomberg.com
A Supreme Court ruling that strikes down Trump’s tariffs would be the fastest way to revive the stalling job market, top economist says fortune.com
Trade-exposed industries suffered steep losses last year. The manufacturing sector, for example, has hemorrhaged 70,000 jobs since April.
Source: fortune.com
US High School Economics class: US economy grew at 4.3% rate in third quarter ft.com
Pessimism is the world’s main economic problem economist.com
Iran’s $7 monthly payments fail to ease spiraling unrest over economic crisis while Trump weighs military options a week after Venezuela raid fortune.com
The $7 monthly payments offer little relief to beleaguered Iranians who are suffering from food inflation of 64%.
Source: fortune.com
Iran’s President Warns Protesters Not to Destabilize the Country nytimes.com
Masoud Pezeshkian expressed sympathy for protesters’ economic pain, but said the state must respond to “rioters.”
Source: nytimes.com
Trump: Cuba to get no more oil from Venezuela, should make a deal ‘before it is too late’ miamiherald.com
Following the capture of Nicolás Maduro, President Trump announced an end to Venezuelan oil and money going to Cuba, warning the regime to “make a deal BEFORE IS TOO LATE,” a move experts predict will be economically catastrophic for the island.
Source: miamiherald.com
Thai Reformist Party Pledges to Revive ‘Fifth Tiger’ Economy as Election Nears bloomberg.com
The People’s Party, whose predecessor won Thailand’s last election, pledged to form a “government of change” as it set out sweeping reforms and plans to remedy the country’s ailing economy.
Source: bloomberg.com
Iran’s Pezeshkian pledges economic overhaul amid spiralling protests aljazeera.com
President strikes conciliatory tone but accuses US and Israel of fuelling unrest that has killed dozens.
Source: aljazeera.com
Rethinking affordability: policy has to start with how households experience shocks fortune.com
Even when market forces eventually push prices down, the clock is rarely fully wound back and wages often fail to keep pace with the new cost realities.
Source: fortune.com
Venezuela has a ton of oil. It also has something else America needs cnn.com
Venezuela is home to the world’s largest reported oil reserves. The country’s other commodities have also caught the Trump administration’s attention.
Source: cnn.com
Trump move for Venezuela’s resources likely to weaken economic might of US theguardian.com
Oil is American president’s motivation but his concept of economic success feels as outdated as his music tastes
Source: theguardian.com
Economic uncertainty leaves Anchorage’s small-business community unsure about sales tax proposal adn.com
The Anchorage Assembly will consider Mayor Suzanne LaFrance’s sales tax measure following a continued public hearing on Tuesday.
Source: adn.com
Maryland Gov. Wes Moore unveils his agenda for boosting state’s economy washingtonpost.com
Gov. Wes Moore (D) says he will focus on investing in what he calls “lighthouse” industries that could make the state less reliant on the whims of Washington.
Source: washingtonpost.com
