Contrary to the coverage of major media outlets, the United Kingdom (UK) will do better with a “hard Brexit” — leaving the European Union (EU) with no deal — than the centrist solution negotiated by UK Chancellor Theresa May or the “remain” option (staying in the EU) advocated by the British left. The institution that […]
Ninety-day truce with China, Trump’s risky NAFTA threat
Trade correspondent L.C. writes: The meeting between Presidents Donald Trump and Xi Jinping at the Group of 20 (G20) meeting in Buenos Aires resulted in the outcome predicted just before the event: the US will delay for 90 days its planned January 1st hike from 10% to 25% of the tariffs currently imposed on $200 […]
President unconcerned with tariff effect on economic outlook
Trade correspondent L.C. reports: With President Trump’s meeting with Chinese President Xi Jinping less than a week away, the outcome for trade and tariffs remains uncertain. Disagreement among the US president’s advisers continues. President Trump himself seems unconcerned with the impact the trade uncertainty is having on the health of the world economy. On Thanksgiving […]
Bad governments create externalities, a.k.a. refugees
Bad governments produce refugees, hundreds of thousands of them — fleeing for their lives, livelihoods, or both. The US is by no means alone in facing unwanted crowds of refugees heading for its borders. For some countries under some circumstances, refugees can be a boon. Europe’s refugees who came to US shores in the 19th […]
Chinese leaders unhinged as economy weakens
Trade correspondent L.C. reports: An economic summit of world leaders held in Papua New Guinea ended in acrimony yesterday, the Wall Street Journal reported today, “as a fight over Chinese trade practices cast doubt over the ability of Washington and Beijing to resolve their trade battle soon. For the first time in the Asia-Pacific Economic […]
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