191 results on '"UNITED States economic policy"'
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2. Cheques and balances.
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COVID-19 pandemic , *BASIC income , *CHILD tax credits , *FEDERAL aid , *REPUBLICANS ,UNITED States economic policy - Abstract
The article offers information on the impact of Covid-19 pandemic on the Universal basic income which has led to a proliferation of cash-transfer schemes. It discusses that restrictions on activity placed huge swathes of society in a position of dire, urgent economic need; Pandemic assistance itself will not evolve into sustained basic-income schemes; and mentions that both Democrats and some Republicans have expressed support for an expanded child tax credit in the U.S.
- Published
- 2021
3. The price of profligacy.
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EXTERNAL debts , *INTERNATIONAL economic relations , *INTERNATIONAL finance , *ECONOMIC indicators , *BALANCE of trade , *GROSS domestic product ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article focuses on the current account, which reflects how much Americans are borrowing to finance today's spending and to service yesterday's debt, and the growth of the current-account deficit. From one angle, the current account is just the accounting counterpoint to capital inflows. Viewed from a different perspective, however, it is the sum of the trade deficit (showing how much more Americans import than they export), plus interest payments to foreigners on previous borrowing. If they are borrowing too much, the deficit becomes unsustainable. Just as an individual cannot pile on credit-card debt forever, so a country cannot increase the burden of its foreign debt indefinitely. Eventually, interest on the accumulated debt would use all the economy's resources, leaving nothing for domestic spending. In practice, however, the current-account deficit would have to adjust much earlier. Just when depends on a variety of indicators: the size of the accumulated debt; the rate at which new debt is piling up (the current-account deficit); the speed of economic growth; and the interest rate paid on the borrowed fund. America's rate of borrowing is high and rising. At just over 5% of GDP, the current-account deficit is the highest in the country's history. Some of the recent rise may be a statistical quirk. According to official numbers, the world as a whole runs a current-account deficit with itself, and one that has risen sharply since 1997. Since the world does not, as yet, trade with Mars, the numbers must be wrong, so some of America's current-account deficit may be more apparent than real. But not all of the recent rise, or even most of it, can be explained this way. If the current-account deficit remains at 5% of GDP, and the economy grows by 5% in nominal terms (roughly its trend rate of real growth plus inflation of just under 2%), America's debt stock will reach 40% of GDP by 2007 and 60% in a decade.
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- 2003
4. Free exchange: Something ventured.
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RECESSIONS , *COVID-19 pandemic , *ECONOMIC development ,UNITED States economy ,UNITED States economic policy - Abstract
The article informs on the economic policy of the U.S. for coping up with the recession caused by the COVID-19 pandemic. It mentions that the annualised rate of growth notched in the third quarter of 2020 and was as the second-best quarterly performance in the post-war era. It also mentions that productivity has leapt across the economy.
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- 2021
5. Oh, the places you'll grow.
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TAX cut laws , *PRIVATE equity , *REAL property ,UNITED States economic policy - Abstract
The article highlights a scheme to draw capital to deprived parts of America looks more like a massive giveaway. Topics discussed include President Donald Trump's tax-cutting law in 2017; economic benefits of tax break on unrealized capital gains; and role of funds released by banks, private equity firms and property developers in the market.
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- 2018
6. Biden's big gamble.
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ECONOMIC stimulus , *ECONOMIC recovery , *ECONOMIC demand , *ECONOMIC forecasting ,UNITED States economic policy - Abstract
The article focuses on the 1.9 trillion U.S. dollar-stimulus bill by U.S. President Joe Biden in the midst of the COVID-19 pandemic and its implications for the U.S. and the world in general. It discusses the country's economic condition since the spring of 2020, the benefit of Biden's stimulus bill to the global demand for goods, forecasts from the Organization for Economic Co-operation and Development on the U.S. economy at the end of 2022, and the risk associated with Biden's stimulus.
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- 2021
7. Free exchange: The fragile four.
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BOND market , *STOCK exchanges ,UNITED States economic policy - Abstract
The article offers information on the emerging markets in the U.S. which are most vulnerable to American financial tantrums. It discusses that yields on American Treasuries rose abruptly after Ben Bernanke, then chairman of the Federal Reserve, spoke about reducing the Fed's bond purchases; and mentions that higher American yields shattered the appeal of emerging markets, undermining their currencies, bonds and share.
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- 2021
8. Picking a package.
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LEGISLATIVE bills , *PRODUCTION (Economic theory) ,UNITED States economic policy - Abstract
The article informs on a bill enacted by the U.S. offering economic- rescue measures, and mentions about the output gap which measures the difference between the actual level of economic output and the amount the economy is capable of producing.
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- 2020
9. In the land of free flight.
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AIRLINE industry , *AIRLINE management , *COMMERCIAL aeronautics laws ,UNITED States economy, 2001-2009 ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article focuses on the economic and managerial challenges facing the U.S. air travel industry. An overview of government policies that have contributed to the profit losses and general stagnation of the industry is given, highlighting the disadvantages of deregulation. Predictions regarding future market forces and changes are presented, including company mergers and technological developments.
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- 2007
10. Lost in translation.
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RENMINBI , *COMMERCE , *INTERNATIONAL trade ,ECONOMIC conditions in China, 2000- ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article reports on the economic relationship between the U.S. and China. The U.S. has long been urging China to revalue the yuan, but the article argues that the change could be bad for the U.S. America has filed a complaint against Chinese export subsidies with the World Trade Organization. The Department of Commerce has put 10-20% tariffs on paper from China and is filing more complaints over pirated media. China could see its economy explode with a revalued yuan.
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- 2007
11. From boom to ballot box.
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STOCK exchanges , *IMPEACHMENTS ,UNITED States economic policy ,UNITED States economy ,UNITED States gross domestic product ,UNITED States politics & government, 2001-2009 - Abstract
The article focuses on economy of U.S. which has improved following increased record of stock market, job growth and growth in gross domestic product (GDP). Topics disucssed include increase in the University of Michigan's index of consumer sentiment, improved president Donald Trump's approval rating, and issues of health care and impeachment.
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- 2020
12. Warren's classical economics.
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THOMAS, JOHN
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UNITED States economic policy - Published
- 2019
13. The price of privilege.
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BALANCE of payments deficit , *EXPORTS , *SAVINGS , *FISCAL policy ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article focuses on the United States economy, especially the current-account deficit. The growing imbalances are weakening America's economy, not only because of the extra foreign debt the country has taken on, but because of the domestic toll of being the world's consumer of last resort. America is saving too little and not investing enough in productive assets, especially in the export sector. To generate the exports that will eventually be needed to service its foreign debt, America needs to invest a lot more in sectors that produce goods and services that can be sent abroad. Yet exports make up less than 10% of America's economy. In principle, the global saving glut ought to help by keeping capital cheap. Because the excess saving hails from abroad, it keeps the dollar strong, so low interest rates continue to have a bigger impact on America's property market than on its export sector. The abundance of foreign thrift makes it unnecessary for American politicians to tackle their country's fiscal challenges. But simply carrying on as before carries an imminent risk: that America's role as the global consumer of last resort will become unsustainable before the rest of the world works off its saving surplus. One trigger might be petrol prices. Another would be a house-price bust.
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- 2005
14. The great thrift shift.
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GLOBALIZATION , *GOVERNMENT spending policy , *SAVINGS ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article discusses the concept of a "global saving glut," which a central bank governor, Ben Bernanke, proposed was the reason for the United States' current-account deficit. The idea's appeal lies in the way it ties together two of the most vexing questions about today's economic landscape: why are interest rates so low? And why can the U.S. borrow eye-popping amounts from foreigners with seeming impunity? A global saving glut could explain both oddities. If savings are somehow super-abundant, the usual relationship between a strong economy and higher interest rates may no longer hold. And if the spare cash is mainly abroad, that should allow America to finance its deficit with ease. Rather than signalling American profligacy, the current-account deficit might simply be the counterpart to foreign thrift. This idea turns much conventional economic wisdom on its head. Economists reckoned that globalisation would lead to a shortage of capital and hence higher interest rates as millions of Indian and Chinese workers were absorbed into the world economy. If Mr Bernanke is right, all this will need re-examining. His suggestion that the causes of global imbalances lie elsewhere conveniently deflects attention from monetary and fiscal decisions made by American policymakers. It suggests that Alan Greenspan's loose monetary policy and President George Bush's tax cuts are not responsible for the imbalances in the world economy. That may seem a little self-serving, coming from a man who has subsequently moved from the Federal Reserve to become chairman of Mr Bush's Council of Economic Advisers. All the same, these imbalances are weakening America's economy. They cannot increase indefinitely and will be hard to unwind without sending the world economy into recession.
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- 2005
15. Forever free.
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BALANCE of payments deficit , *INTERNATIONAL economic relations , *ECONOMIC policy ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article discusses the United States' economic policy, with a focus on the American current-account deficit. Officials at the Federal Reserve began to fret about America's "unsustainable" imbalances in 1997, when the deficit was less than 3% of GDP. Today, the deficit stands at more than $700 billion, well over 6% of GDP, and is set to rise further. A growing band of optimists believe that the current-account imbalance is a sign of American strength not weakness: it is caused by foreigners rushing in to share in the proceeds of the country's highly productive and efficient economy; and they dismiss the current-account deficit as insignificant in relation to America's total wealth. At the end of 2003, America's net external debt position--the difference between the value of America's foreign assets and its foreign liabilities--was $2.4 trillion, or the equivalent of 22% of GDP. Most of America's foreign assets are in Europe, so when the dollar falls against the euro and sterling, as it did in 2004, America's balance sheet strengthens as the value of its debt falls and the dollar value of its assets rises. According to Pierre-Olivier Gourinchas, an economist at Berkeley, and Helene Rey, of Princeton, this valuation effect is worth about 5% of GDP for every 10% drop in the dollar. That suggests the shift in America's current-account balance needed to stabilise the country's debt profile may be smaller than many people seem to think. There is a catch, however. At some point, foreign lenders should be demanding higher interest rates to make up for the risk of the dollar falling.
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- 2005
16. The passing of the buck?
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U.S. dollar , *NATIONAL currencies , *INTERNATIONAL finance , *DEBT , *FOREIGN exchange , *INVESTORS , *MARKETS , *IMPORT credit , *INTERNATIONAL trade , *MONETARY policy , *MONEY , *CENTRAL banking industry , *BANKING industry , *ECONOMISTS , *INTEREST rates , *DEFICIT financing ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article discusses the future of the U.S. dollar, arguing that America's policies are putting at risk the dollar's role as the world's dominant international currency. Since October the dollar has fallen by around seven percent against the other main currencies, hitting an all-time low against the euro and a five-year low against the yen. Markets have been rattled by concerns that foreign central banks might reduce their holdings of American Treasury bonds. Officials at the central banks of Russia and Indonesia said that their banks were considering reducing the share of dollars in their reserves. Even more alarming were reports that China's central bank may have trimmed its purchases of American Treasury bonds. The dollar has been the dominant reserve currency for more than 60 years, delivering big economic benefits for America, which can pay for imports and borrow in domestic currency and at low interest costs. For two decades, economists have worried about America's current-account deficit and predicted a plunge in the dollar and a hard landing for the economy. The issue is not whether America can afford to take on more debt, but whether the rising debt burden will make investors less willing to finance future deficits at current exchange and interest rates.
- Published
- 2004
17. The risks ahead for the world economy.
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Bergsten, Fred
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PROTECTIONISM , *ECONOMIC forecasting , *INTERNATIONAL competition , *ECONOMIC indicators , *BUDGET deficits , *PETROLEUM product sales & prices , *PRICE inflation , *INTEREST rates , *DEVALUATION of currency ,UNITED States economic policy ,UNITED States federal budget ,UNITED States politics & government, 2001-2009 - Abstract
The author discusses five major risks which threaten the world economy. Three centre on the United States: renewed sharp increases in the current-account deficit leading to a crash of the dollar; a budget profile that is out of control; and an outbreak of trade protectionism. A fourth relates to China, which faces a possible hard landing from its recent overheating. The fifth is that oil prices could rise to $60-70 per barrel even without a major political or terrorist disruption, and much higher with one. Most of these risks reinforce each other. A further oil shock, a dollar collapse and a soaring American budget deficit would all generate much higher inflation and interest rates. A sharp dollar decline would increase the likelihood of further oil price rises. Larger budget deficits will produce larger American trade deficits, and thus more protectionism and dollar vulnerability. Realisation of any one of the five risks could substantially reduce world growth. If two or three, let alone all five, were to occur in combination then they would radically reverse the global outlook. Official projections score the fiscal imbalance at a cumulative $5 trillion over the next decade, but exclude probable increases in overseas military and homeland-security expenditures, extension of the recent tax cuts and new entitlement increases proposed by both presidential candidates. This deficit could also approach $1 trillion per year, yet there is no serious discussion of how to restore fiscal responsibility, let alone an agreed strategy for reining in runaway entitlement programmes (especially Medicare). Even worse contingencies could of course be envisaged: a terrorist attack with far larger economic repercussions than September 11th or a sharp slowdown in American productivity growth, as occurred after the oil shocks of the 1970s, that would further undermine the outlook for both economic expansion and the dollar.
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- 2004
18. Competitive sport in Boca Raton.
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ECONOMIC summit conferences , *FOREIGN exchange rates , *NATIONAL currencies , *ECONOMIC indicators , *EURO , *U.S. dollar , *ECONOMIC policy ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
This article reports on the debate between Europe and the United States over whether or not the dollar is in danger of becoming too weak. European officials are frustrated by America's lack of concern for the dollar's slide and the disproportionate burden this is imposing on the euro. Although the dollar has strengthened against the euro over the past two weeks--thanks to slightly more hawkish comments about interest rates from America's Fed and efforts by the European Central Bank to talk its currency down--its slide has quickened since the G7's previous meeting in Dubai last September. A new agreement on exchange rates at this weekend's meeting seems unlikely given that the G7 members have such different goals. The Americans do not see any problem for the moment in letting their currency fall, while the Europeans want action to stabilise it. If the cheaper dollar is benefiting America, is it hurting the euro-area economies? Most economists expect the dollar to fall further. Not only do artificially low bond yields appear to offer false signals that America's budget deficit is no cause for concern, but by holding down mortgage rates (which are linked to bond yields) they are also prolonging an unsustainable boom in consumer spending and borrowing. This benefits America in the short term, but allows even bigger imbalances to build up in the long term. To contain these debts will eventually require a far sharper collapse in the dollar, a steeper rise in bond yields, and a harder economic landing.
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- 2004
19. Breaking the deflationary spell.
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INTEREST rates , *PRICE deflation , *PRICE inflation , *INTERNATIONAL competition ,UNITED States economic policy ,ECONOMIC conditions in the European Union ,UNITED States politics & government, 2001-2009 - Abstract
Reports on the decision of the United States Federal Reserve Board to cut interest rates to their lowest level since the 1950s in an effort to ward off deflation. Since 2000, the U.S. economy has received perhaps its biggest monetary and fiscal stimulus in history. The resultant stock market rally is built on fragile foundations. The consensus view that U.S. growth will now rebound to above trend for a few years is based on the belief that the U.S. economy is fundamentally sound, so that the recent massive monetary and fiscal stimulus will spur it to grow faster. Yet "sound" is an odd word to choose to describe an economy with too much debt, too little saving and an unsustainable current-account deficit. One reason for hoping that the U.S. will avoid deflation is a weaker dollar, which will support exports and boost import prices. A falling dollar need not export deflation to Europe, so long as the European Central Bank offsets the impact of currency appreciation with lower interest rates.
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- 2003
20. About that big stick.
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FINANCE , *MARKET volatility , *INTERNATIONAL trade , *ECONOMICS ,UNITED States economic policy - Abstract
The article discusses issues in global finance as of May 2018, particularly the need for the U.S. to carefully use its influence so as not to destabilize world markets. Also cited are the alleged capricious and arbitrary decision-making made by the administration of U.S. President Donald Trump like the financial sanctions against Russia, the U.S.' trade negotiations with China, and the possible financial chaos due to the sudden shift in policy by the Trump administration.
- Published
- 2018
21. Politicians for rent.
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CAMPAIGN funds ,UNITED States economic policy - Abstract
Looks at the interaction between money and the political process in the US. The alleged role of money in corrupting the democratic process; The amount of money spent on political campaigns in 1996; Campaign finance issues; Question of why such a large sum of money is need in US political campaigns; Caution about overstating the corrupting effect of money in politics; Obstacles to campaign finance reform.
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- 1997
22. A plague on both your houses.
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ECONOMICS ,UNITED States economic policy - Abstract
Presents an in-depth look at the failed attempts by Congress and President George Bush to come up with a budget in recent weeks. Impact of the House of Representatives rejection of first proposal; Republicans, led by Newt Gingrich, opposing the president's plan; Public view of ineptitude of the government; Growing rift with the Federal Reserve; Possible long run changes to the budget process; Unmentioned growth of entitlements, particularly Social Security; Details; Outlook.
- Published
- 1990
23. Dangerously vacant.
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FEDERAL Reserve Board members ,UNITED States politics & government ,UNITED States economic policy - Abstract
The article reports on the vacancies arising at the senior positions in the Federal Reserve Baord of U.S. as senior executives have either retired or resigned from their position. The handling of economy by the Federal Reserve President Janet Yellen is appreciated and the author advises U.S. president Donald Trump to renominate her.
- Published
- 2017
24. Weapons of mass disruption.
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POWER (Social sciences) , *NATIONALISM & economics , *TARIFF ,UNITED States economy ,UNITED States economic policy - Abstract
The article presents views on the move by the U.S. to aggressively deploy a new economic arsenal to assert its power. Topics discussed include the view of this move as being counterproductive and dangerous, how the U.S. has redefined how economic nationalism works, impact of tariff on the U.S. economy, and threats faced by the U.S. economy.
- Published
- 2019
25. Economic trouble ahead.
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Abruzzese, Leo
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ECONOMIC forecasting , *TAX cuts , *INTERNATIONAL trade disputes , *INTERNATIONAL economic relations ,UNITED States economy ,UNITED States economic policy - Abstract
The author forecasts the slow down of the U.S. economy in 2019. He cites some indications of a projected economic crisis in 2019 including rising borrowing costs and debt and volatile stockmarkets. He notes the growing global debt in emerging markets and the rising interest rates . He explains why the U.S. economic policy, particularly President Donald Trump's tax cuts, is not helping the country's economy. The U.S. trade war with China is also mentioned.
- Published
- 2018
26. Boondocks and boondoggles.
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FOREIGN investments , *CAPITAL movements , *TAXATION ,UNITED States economic policy - Abstract
The article offers information on the U.S. President Donald Trump's plans to establish Opportunity Zones where investors will receive huge tax breaks for building office parks, warehouses, housing, grocery stores, and the like, helping to ease poverty and end blight in distressed communities. Topics discussed include Enterprise Zones in Britain and France; and need of creating a new, open-ended tax break for investors, as of November 2018.
- Published
- 2018
27. Scrimping on sense.
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UNEMPLOYMENT , *POVERTY in the United States , *GOVERNMENT regulation , *TAX cuts , *PROTECTIONISM ,UNITED States economic policy - Abstract
The article discusses economic policy proposals by U.S. presidential candidate Donald Trump in relation to an August 8, 2016 policy speech. Topics include the U.S. unemployment and poverty rates, Trump's views on government regulations and tax cuts, and Trump's support for protectionist trade policy in relation to manufacturing.
- Published
- 2016
28. The grow-nothings.
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TAX reform , *TWENTY-first century ,UNITED States economy, 2017-2021 ,UNITED States economic policy - Abstract
The article discusses the different ways in which the economic condition of the U.S. can be reformed to its former 1990s glory, other than the tax reforms presented by the Republican government.
- Published
- 2017
29. Just one of those things.
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DEMOCRATS (United States) ,UNITED States politics & government ,UNITED States economic policy - Abstract
The article reports on the deal that U.S. president Donald Trump cut out with Nancy Pelosi and Chuck Schumer, Democratic House and Senate leaders for lifting the debt ceiling which is aimed at funding the government until December 2017 and allocation of the $15 billion in disaster relief is mentioned. The deal according to the author is opportunistic and therefore not much should be rad out of it.
- Published
- 2017
30. New sheriffs in town.
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DISCLOSURE , *GOVERNMENT policy , *TWENTY-first century , *EMPLOYEES ,UNITED States economic policy - Abstract
The article discusses the changes made in financial regulations by the Trump administration. Topics include the Presidential nomination of Randal Quarles as the head of Securities and Exchange Commission (SEC), chairman of the SEC Jay Clayton's speech on the disclosure requirements and its impact on the decline of publicly listed companies, and the adoption of a new rule which increases companies size threshold for filing private registration statements.
- Published
- 2017
31. Waiting for the other shoe to drop.
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HOUSING market , *HOUSING subsidies ,UNITED States economy, 2009-2017 ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article presents information on the U.S. economy as of March 2010, focusing on the housing market. It is argued that expectations of economic recovery may be misplaced, and the possibility of a second serious decline is discussed. The weak labor market, consistently high rates of foreclosure, and the end of various federal subsidy programs are all cited as negative influences on the housing market.
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- 2010
32. Round and round it goes.
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INTERNATIONAL trade , *TWENTY-first century ,CHINA-United States relations ,CHINESE economic policy ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article discusses the economies of China and the U.S. According to the article, the economic relationship in which the U.S. buys China's exports and China buys U.S. Treasury securities is in peril. How this relationship influences China's opinion that it is a partner with the U.S. is explored. U.S. President Barack Obama's creation of a forum called the Strategic and Economic Dialogue that brings together both countries' policymakers to discuss the problems confronting them is discussed.
- Published
- 2009
33. Bind games.
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PUBLIC debts , *ECONOMIC policy , *GLOBAL Financial Crisis, 2008-2009 ,UNITED States economy, 2001-2009 ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article discusses the ways in which national governments are responding to public debt incurred by the 2008 and 2009 global financial crisis. The U.S. government has increased its debt significantly in 2009, and many economists believe that there cannot be economic stability until the government creates a plan to reduce debt.
- Published
- 2009
34. Time for a Beijing bargain.
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INTERNATIONAL economic relations , *TWENTY-first century ,CHINA-United States relations ,UNITED States economy, 2001-2009 ,ECONOMIC conditions in China, 2000- ,UNITED States economic policy ,CHINESE economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article discusses the economic relationship between the U.S. and China and examines the economic conditions of both countries. The economic policies of both countries are described and the state of each country's currency is explored. The roles of China and the U.S. in the global economy are also detailed.
- Published
- 2009
35. Brave rhetoric, grim reality.
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PUBLIC debts , *FINANCIAL crises ,UNITED States economy, 2001-2009 ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article reports that U.S. President Barack Obama has spoken clearly about his plans to reduce the U.S. national deficit during the 2009 financial crisis. He has articulated his plans very clearly, but the crisis may be difficult to solve. If economic conditions continue as economists expect, it will be very difficult for these plans to succeed.
- Published
- 2009
36. Brief encounter.
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LEGISLATIVE bills , *PARTISANSHIP ,UNITED States economy, 2001-2009 ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article discusses the bipartisan efforts of U.S. President Barack Obama and describes the Republican party opposition to Obama's proposed economic stimulus plan. Details are provided about the stimulus plan, its proposed spending, and its potentially partisan elements. After passing in the U.S. House of Representatives, despite garnering no Republican support, the plan is being reanalyzed by members of the Democratic and Republican parties.
- Published
- 2009
37. Ground zero.
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FEDERAL funds market (U.S.) , *FINANCIAL crises ,UNITED States economic policy ,UNITED States economy, 2001-2009 ,UNITED States politics & government, 2001-2009 - Abstract
The article discusses some economic policies of the U.S. Federal Reserve Board (the Fed) which were announced on December 16, 2008. In response to a deepening financial crisis, the Fed cut the federal funds rate target to less than one-quarter of one percent. It also stated its intention of buying mortgage-related securities in order to lower borrowing costs.
- Published
- 2008
38. Days of open wallet.
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PUBLIC works , *PUBLIC debts ,UNITED States economy, 2001-2009 ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article reports that 2008 President-Elect Barack Obama is planning a major public-works program to rebuild the U.S. economy. The U.S. economy is so weak in 2008 that many people are willing to accept his plans even though they will drive up the national debt significantly. Another plan that is sometimes discussed would be for the government to give out tax rebates and tax cuts.
- Published
- 2008
39. The end is nigh.
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UNITED States presidential election, 2008 ,UNITED States presidential elections ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article discusses the 2008 U.S. Presidential election and explores the final campaign efforts of U.S. Presidential candidates Barack Obama and John McCain. Details about the television spot purchased by Obama and his focus on the U.S. economy are provided. The efforts of McCain to also focus on the U.S. economy and label Obama as a redistributor of wealth are also explored.
- Published
- 2008
40. How big is too big?
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BUDGET deficits ,UNITED States economy, 2001-2009 ,UNITED States economic policy ,UNITED States presidential elections ,UNITED States presidential election, 2008 ,UNITED States politics & government, 2001-2009 - Abstract
The article discusses the U.S. national deficit and explores the effect of the financial crisis on the U.S. economy. Details about the possibility of another financial stimulus for the U.S. economy and the effect of the 2008 U.S. Presidential election on the economic situation are provided. The influence of the Troubled Asset Relief Programme (TARP) on the deficit is also examined.
- Published
- 2008
41. Examining the candidates.
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PRESIDENTIAL candidates , *ECONOMISTS , *FINANCIAL crises ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article examines the economic policies of 2008 U.S. presidential candidates Barak Obama and John McCain. Professional economists discuss the plans of each candidate, focusing on their plans to overcome the U.S. financial crisis. The importance of surrounding the election winner with smart advisers is mentioned.
- Published
- 2008
42. Another inconvenient truth.
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PUBLIC debts , *DOCUMENTARY films -- Social aspects ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
This article discusses the documentary "I.O.U.S.A.," which discusses the growth of the U.S. national debt since 2001. The debt is framed in terms of the obligations faced by the Social Security Administration and Medicare. Speculation that this film will raise the political prominence of fiscal responsibility in the U.S. is described.
- Published
- 2008
43. Hope and fear.
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PRESIDENTIAL candidates ,UNITED States economy, 2001-2009 ,UNITED States economic policy - Abstract
This article examines the economic philosophy and potential policies of Senator Barack Obama, leading democratic candidate for U.S. president. The author fears Obama is too quick to blame globalization for stagnating wages and the loss of manufacturing jobs. However, his stated policies are moderate so the author wonders from which position would Obama govern.
- Published
- 2008
44. The cross of gold.
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GLOBALIZATION , *PRESIDENTIAL candidates , *RIGHT & left (Political science) ,UNITED States presidential election, 2008 ,UNITED States politics & government, 2001-2009 ,UNITED States economic policy - Abstract
The article discusses the focused issue of globalization and foreign policy in the 2008 U.S. presidential election. The clear divide between the Democratic and Republican party candidates for and against globalization is highlighted. Additional topics discussed include protectionism and international trade agreements, the Iraq War, and the Democratic party's support of health care.
- Published
- 2007
45. Right to bear alms.
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INTERNATIONAL economic assistance , *INTERNATIONAL relief ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article discusses the approach of U.S. President George W. Bush to foreign aid, an issue spotlighted by scandals surrounding World Bank president Paul Wolfowitz and former U.S. Agency for International Development (USAID) head Randall Tobias. Contrary to traditional conservative thinking, Bush has increased U.S. foreign aid, a policy the article attributes to big-government conservatism and charitable impulses on the religious right.
- Published
- 2007
46. Castro was right.
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ETHANOL as fuel , *ALCOHOL as fuel , *DICTATORS , *ECONOMICS ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article focuses on comments made by Cuban Communist dictator Fidel Castro regarding United States President George W. Bush's endorsement of corn-based ethanol. Castro warned against the "sinister idea of converting food into fuel," and the negative economic effects of producing ethanol from corn are presented. The advantages of producing ethanol from sugar are discussed.
- Published
- 2007
47. Big guns, small prizes.
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TWENTY-first century ,UNITED States economic policy ,CHINESE economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article discusses the economic talks between the United States and China that took place in 2006. The talks were attended by U.S. Treasury Secretary Hank Paulson and Ben Bernanke, the chairman of the Federal Reserve. Chinese leadership at the talks included deputy prime minister Wu Yi. Topics discussed during the talks included China's growing trade surplus with the United States and the appreciation of the Chinese currency, the yuan.
- Published
- 2006
48. Between bears and hawks.
- Subjects
- *
ECONOMIC forecasting , *ANTI-inflationary policies , *CONSUMPTION (Economics) ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article discusses economic policy in the United States and the Federal Reserve's anti-inflation strategy. Economists predict slower economic growth after the 16th consecutive interest rate increase. The "core" personal consumption expenditure deflator, used by the Federal Reserve to measure inflation, is at 2%. According to measures by the University of Michigan, Americans expect higher inflation to continue.
- Published
- 2006
49. Long ranger.
- Subjects
- *
TREASURY bills , *BOND prices , *GOVERNMENT securities , *BONDS (Finance) , *FEDERAL government , *GOVERNMENT regulation ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article focuses on the U.S. bond market, in particular the 30-year Treasury bond. The President George W. Bush administration suspended 30-year issues. On February 9th, however, the long bond will be back, and it is not just New York's traders who will welcome its return. The Treasury's judgment four years ago now looks hasty, given the deterioration of the fiscal position since. Issuing 30-year bonds again looks like good housekeeping. Bond markets expect that regulators will eventually strong-arm pension funds into stocking up on long-term government bonds. It appears that hedge funds are also stockpiling. Americans need only to look at Britain to see the impact such regulatory changes can have on long-term debt markets.
- Published
- 2006
50. Tripe is back on the menu.
- Subjects
- *
TAXATION , *TAX cuts , *FISCAL policy , *ECONOMIC policy , *PUBLIC finance ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
The article argues that United States President George W. Bush has failed to move forward on tax reform. Long before 2005 ended, it was obvious that Social Security was going nowhere. Now tax reform seems to have gone too. Bush has returned to talking about the benefits of tax cuts. What is true is that the timing of temporary tax cuts can affect revenues temporarily. So the Bush team is clearly overstating its case. That is galling given the president's apparent retreat from tax reform. Worse is the refusal to acknowledge the unsustainability of today's fiscal mix.
- Published
- 2006
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