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Oct 24 2019
Opinion
Democratic Wealth Tax Proposals Demonstrate Economic Ignorance
Bashing the rich may be good politics, but it’s terrible economics.
It's open season on wealth and those who create it. Candidates for the Democratic presidential nomination like Sen. Bernie Sanders (I–Vt.), for instance, say that "Billionaires should not exist" and the wealth disparity in America is "a moral and economic outrage." California businessman Tom Steyer—who happens to be a
Reason
May 27 2022
Analysis
What's the point of Biden's Indo-Pacific Economic Framework?
The IPEF is a U.S.-driven proposal intended to foster strong relationships among participating countries and "create a stronger, fairer, more resilient economy for families, workers, and businesses in the United States and in the Indo-Pacific region," the White House said. Member countries, aside from the U.S., include Australia, Brunei, India, Indonesia, Japan, South Korea, Malaysia, New
The Week - News
Jul 02 2022
News
Biden Economic Adviser: Americans Need To Pay More for Gas To Defend ‘Liberal World Order’
Director of the National Economic Council Brian Deese took to CNN on Thursday to tell Americans they’re going to have to put up with high gas prices for as long as it takes to back the Ukrainian war effort.
When asked what the Biden administration had to say to families who can't afford skyrocketing fuel costs, Deese replied, "This is about the future of the Liberal World Order and we
Washington Free Beacon
Jun 01 2020
News
From Jobs To Homeownership, Protests Put Spotlight On Economic Divide
The death of a black man at the hands of white police officers has sparked days of civil unrest in the United States. Those sparks have landed in a tinderbox assembled over decades of economic inequality, now made worse by the coronavirus pandemic.
Minneapolis police officers initially confronted the man — George Floyd — on suspicion that he'd used a counterfeit $20 bill to buy
NPR (Online News)
Jun 25 2020
News
U.S. public more aware of racial inequality but still rejects reparations: Reuters/Ipsos polling
WASHINGTON (Reuters) - Americans are growing increasingly aware of racial inequality in the United States, but a large majority still oppose the use of one-time payments, known as reparations, to tackle the persistent wealth gap between Black and white citizens.
Reuters
Jun 25 2020
News
U.S. public more aware of racial inequality but still rejects reparations: Reuters/Ipsos polling
Americans are growing increasingly aware of racial inequality in the United States, but a large majority still oppose the use of one-time payments, known as reparations, to tackle the persistent wealth gap between Black and white citizens.
According to Reuters/Ipsos polls this month, only one in five respondents agreed the United States should use “taxpayer money to pay damages to
Reuters
Aug 12 2022
News
Russian Economy Contracts Sharply as War and Sanctions Take Hold
The Russian economy contracted steeply in the second quarter as the country felt the brunt of the economic consequences of its war in Ukraine, in what experts believe to be the start of a yearslong downturn.
The economy shrank 4 percent from April through June compared with a year earlier, the Russian statistics agency said on Friday. It is the first quarterly gross domestic product
New York Times (News)
Jun 16 2020
News
Fed Chair Powell says strong job market can reduce U.S. racial inequality
SAN FRANCISCO (Reuters) - The best way the Federal Reserve can help reduce racial inequality is to return the U.S. labor market to its pre-coronavirus strength, U.S. Fed Chair Jerome Powell said on Tuesday, as he sidestepped questions over whether the Fed itself contributes to the problem.
Anger over racism and inequality has swept the country since the police killing of George Floyd
Reuters
Aug 12 2022
News
Analysis suggests Inflation Reduction Act will reduce annual inflation by only 0.1 percentage points
The Senate-passed Inflation Reduction Act is expected to have almost zero impact on inflation, according to a new analysis.
A University of Pennsylvania Penn Wharton analysis released Friday revealed the Inflation Reduction Act of 2022 would do little to reduce the annual rate of inflation in the midst of the economic recession. The bill would only reduce annual inflation by 0.1
Fox News (Online News)
Aug 12 2022
Opinion
Joe Biden’s Best Week Ever
A month ago, Joe Biden’s presidency was on the brink of failure. His legislative agenda was moribund, the economy was teetering on the precipice of recession, and Democrats were speculating in the press about who else they could nominate for president in 2024. Biden, like Jimmy Carter, seemed destined to be remembered as a president overwhelmed by economic crosscurrents and a Democratic
Jonathan Chait