Economy
The front-runner for Joe Biden’s Treasury boss has a mighty CV
Oct 24th 2020IN EARLY 2009, faced with an economic crisis and a host of jobs to fill, Barack Obama,...
Who decides what counts as an emerging market?
Oct 24th 2020WHAT DOES Saudi Arabia, with an income per head of $23,000, lavish public services and oodles of...
Wanted: a new writer to cover finance
Oct 24th 2020Job ad: The Economist is looking for a writer to cover global finance and the City of...
James A. Johnson, Democratic Power Broker, Dies at 76
In 1988, James A. Johnson, a Democratic operative, was helping Senator Lloyd Bentsen, the Democratic vice-presidential nominee, prepare for...
Labor Department Curbs Announcements of Company Violations
After President Trump’s inauguration in 2017, it was unclear if his administration would continue the practice. But after Alexander...
Unemployment Claims Are Down, but Many Workers Lower Expectations
The number of workers filing new unemployment claims fell last week, the government reported on Thursday, but the levels...
How Berlin has become a centre for European venture capital
Oct 22nd 2020FOR BRITS of a certain age and inclination, Berlin is a city that is forever linked with...
Price gouging: a cautionary tale
Oct 22nd 2020UNSCRUPULOUS TRADERS use a crisis to charge exorbitant prices. Politicians, wanting to protect consumers, crack down on...
The Fed’s $4 Trillion Lifeline Never Materialized. Here’s Why.
WASHINGTON — As companies furloughed millions of workers and stock prices plunged through late March, Treasury Secretary Steven Mnuchin...
U.S. to Sign Limited Trade Deal With Brazil
WASHINGTON — The United States and Brazil have reached an agreement on a limited trade deal that will facilitate...
How Failures of the Obama-Era Stimulus Could Guide a Biden Administration
The person taking the oath of office on Jan. 20 will face an economic mess.That will be true whether...
As Virus Spread, Reports of Trump Administration’s Private Briefings Fueled Sell-Off
On the afternoon of Feb. 24, President Trump declared on Twitter that the coronavirus was “very much under control”...
The tale of Iran’s stockmarket bubble is familiar—but also strange
Oct 17th 2020AROUND FIVE years ago emerging-market investors were greatly excited by the prospects for Iran’s stockmarket. The lifting...
The IMF predicts that the world economy will suffer from “long covid”
THE IMF’S latest forecasts, released on October 13th, spell out just how long the economic harm from covid-19 will...
Low interest rates leave savers with few good options
Oct 17th 2020IN THE 1980S comedy, “Trading Places”, Jamie Lee Curtis plays a prostitute who has been saving for...
Why securing debt forgiveness for poor countries is so hard
Oct 17th 2020WASHINGTON, DCGOVERNMENTS IN MANY poor countries have faced a sickening choice this year, between spending to support...
Jobless Workers Built Up Some Savings. Then the $600 Checks Stopped.
The $600 weekly unemployment benefit the federal government funded this year was a remarkably effective expansion of the safety...
Republicans Clash on Stimulus as Trump Says ‘Go Big’ and McConnell Demurs
In a nearly 90-minute phone conversation with Ms. Pelosi, Mr. Mnuchin reiterated his willingness to accept Democratic language with...
Unemployment Claims Rise Anew in Latest Sign of Economic Distress
The American economy is showing fresh signs of deceleration, hammered by layoffs, a surge in coronavirus cases and the...
Wall Street says it is braced for losses. Now what?
MOST BANKERS have been working frantically for the past six months. Traders handled record-high volumes in choppy markets. Their...
