Yesterday (June 18), the Trump administration threatened new tariffs on $200 billion of imported Chinese goods each year. The US says the new tariffs, which would be set at a rate of 10 percent, are in response to tariffs from China last week on $34 billion in US goods at a 25 percent rate.
Donald Trump is less popular than when he was elected. Everywhere.
Anywhere in the world, I know I can walk into a bar showing soccer and commune with other fans about the greatness of Lionel Messi and my frustrations with Arsenal. Through those conversations, we can’t help but recognize our shared humanity, rather than our political and cultural differences.
American workers know the truth. Their jobs aren’t going anywhere.
Donald Trump turns 72 today (June 14). For a president who likes to describe his accomplishments in superlative terms, this is a good thing. Donald Trump is the oldest person ever elected president! Nobody has ever been so old at this point in their presidency!
Professional athletes are just like us. They’re in much better shape, of course, but they still find it hard to recover from long plane trips.
For the 25 million people living in North Korea, the stakes of the negotiations between Kim Jong Un and Donald Trump are incredibly high. Not only would the course of the talks impact the likelihood of military conflict, they will also in large part determine the future of their country’s economy.
North Korea is an incredibly poor country. The secretive, one-party state’s disastrous handling of its economy has left the majority of the country’s 25 million people destitute. Incompetent central planning and the elimination of markets has led to a GDP per capita of less than $2,000, among the lowest in the world.
Have you heard about the gig economy? It’s the future of work. The conventional 9-to-5 job is dying out, replaced by a system where workers rush to on-call jobs summoned via their smartphones.
As the hype around cryptocurrencies and mobile payments grows, you might think that most people at least have a basic bank account. You’d be wrong.
The US job market is incredibly strong right now. At 3.8%, the unemployment rate is as low as it has been in almost 50 years. Even people who gave up searching are finding work again.
Not that long ago, the concept of “Big Data” was pretty abstract. Few companies considered it feasible to sift through huge sets of data looking for speculative insights. The hurdles to collecting and analyzing information at scale were large, tied to the cost of setting up a data warehouse and buying expensive analysis software. Also, data to supplement company-owned information was expensive and hard to come by.
Japan is shrinking. Fast.
Good news! Last year, 74% of Americans said they are doing at least “okay” financially, a 12 percentage-point increase over the past five years. That’s according to the latest survey of household economics by the Federal Reserve (pdf). This improving self-assessment of finances mirrors the positive trend in US employment, with the jobless rate recently dropping to its lowest level in almost 18 years.
Music criticism is dead. Long live music analysis.
The title of the world’s most powerful passport changes hands week to week. One moment Germany reigns supreme, then suddenly Japan edges through to clinch the top spot.
For banks, size matters. If a lender is deemed big enough by US lawmakers, it faces costly, time-consuming regulatory tests administered by the Federal Reserve. If it fails, the consequences could be dire. The Fed could demand that it holds higher reserves or suspends dividends, among other things.
The US Census has just released data on the fastest growing cities in the US from 2016 to 2017. Or did they?
The World Bank recently released a report examining education and income across generations. The data show that richer countries are generally more likely to give the children of less-educated and lower-income parents a chance to get to the top.
There is nothing Narendra Modi can do about it—Indians just love cash.
Baseball is a game of tradition. That’s one of its big selling points. Maybe it’s a little boring sometimes, but at least fans have known what they are going to get.
The US is facing an opioid crisis that is like no other country in the world. In 2016, 64,000 people died of an overdose, primarily due to opioid use. For the past five years, the Federal Reserve has been conducting a national study on economic wellbeing (pdf). Last year, it started asking questions about opioid usage. The Fed found that one in five adults in the US personally knows someone who has been addicted to opioids or prescription painkillers.
Google Sheets is becoming more and more like Microsoft Excel.
From 1995 to 2012, the annual number of tourists going to Japan increased from 3.3 million to 8.4 million, a growth rate of about 6% each year.
