Economics Headlines

  • Britain’s tired old economy isn’t strong enough for Brexit

    Leave campaigners’ visions of national renewal depend on a level of commercial vibrancy that the UK can no longer muster Brexit, at its heart, is a recognition that Britain has become steadily weaker since it spent much of its empire wealth fighting two world wars – too feeble in the years before the 2016 referendum to sustain an exchange rate of $1.60 and €1.40, just as it was too poor to cope with $4 to the pound in the 1950s and $2 to the pound in 1992. Manufacturers were unable to make...

    the Guardian
  • Whatever he chooses to say at Davos, Trump will make headlines

    A conciliatory speech would alienate his base; a repudiation of Nafta would create shockwaves. Either way, this is a significant moment The annual meeting of the World Economic Forum will come to a climax on Friday when Donald Trump becomes the first US president since Bill Clinton to address the Davos talkfest. To say that Trump’s lunchtime speech is eagerly awaited is an understatement. Excitement has been building ever since the White House announced that the president would join Emmanuel...

    the Guardian
  • Climate change, AI and harassment – the hottest topics at this year’s Davos

    The World Economic Forum focuses on the ‘fractured world’ this year: but the biggest star at the gala will be Donald Trump Donald Trump will loom large at the World Economic Forum (WEF) in Davos this week, as the self-styled anti-globalist joins the annual gathering of billionaires, business executives and politicians. The meeting at the luxury ski resort in the Swiss Alps at the start of each year is set to be dominated by the US president, who is due to give a special address to the conference...

    the Guardian
  • Readers' hopes for 2018: what would you like us to cover this year?

    Last week we asked some of our writers to tell us what they hope to cover in 2018. This week we put the question to our supporters We asked the Guardian’s supporters around the world to reflect on what you hope to make space for in 2018: the causes and values that you want to prioritise, and what you would most like to see our journalism focusing on in the year to come. Here’s what you said. Continue reading...

    the Guardian
  • Shutdown: Schumer Claims He Offered Border Wall Concession to Trump

    Democratic Leader Chuck Schumer suggested that he offered a concession on the border wall to President Donald Trump during their midday meeting before Democrats shut down the government's 2018 budget at midnight.

  • Are We Headed for a New, New-Normal?

    The New Normal. Slow growth. Persistently low inflation threatening to morph into Japanese-style deflation. Stagnant wages. Rising inequality. The American Dream converted to a nightmare. All the result of the metastasizing of the regulatory and entitlement states, say the Republicans. No, it’s the result of corporate greed, racism and a refusal of the rich to pay their fair share counter the Democrats. Forests have been felled so economists could pen essays analyzing the causes and suggest, if...

    Weekly Standard
  • Report: U.S. Oil Production May Surpass Saudi Arabia and Russia in 2018

    The latest report from the International Energy Agency finds American oil production at its highest level in 50 years and projects that it will surpass that of Saudi Arabia and Russia in 2018.

  • Donald Trump and Theresa May to meet in Switzerland

    After cancelling UK visit, US president will discuss foreign policy at World Economic Forum Theresa May will meet Donald Trump when they both attend the World Economic Forum in Davos next week. Downing Street and the White House confirmed that the pair would hold a bilateral session, which is likely to focus on foreign policy issues such as Syria and North Korea. Continue reading...

    the Guardian
  • CNN Poll Shows Amnesty Advocates Are Big Loser in Shutdown

    A CNN poll shows that the Democrats' push for amnesty is the big loser in the government shutdown fight -- and likely will be in the 2018 midterm elections.

  • The Trump Tax Plan Has Failed the Average American

    Alan Taffel Economics, Americas Trump has objected to deals where, in his view, America gets played for a patsy. And yet we now have a tax law in which the government gives businesses everything they want, exacting nothing in return. Did the self-proclaimed “great dealmaker” make a great deal when it came to structuring tax reform? During the presidential campaign, candidate Trump trumpeted his “tremendous” dealmaking skills. To assess how those played out in the recent tax reform...
  • Project Davos: what's the single best way to close the world's wealth gap?

    As political and business leaders gather for their annual summit on the global economy, we want to know what key step you think they should prioritise to tackle inequality Donald Trump and Angela Merkel will join 2,500 world leaders, business executives and charity bosses at the World Economic Forum (WEF) in Davos, Switzerland which kicks off on 23 January. High on the agenda once again will be the topic of inequality, and how to reduce the widening gap between the rich and the rest around the...

    the Guardian
  • Europe must wake up to the drastic consequences of a hard Brexit

    The Netherlands knows what it will lose if the UK crashes out. It is less than the price of giving Britain a sweet deal Because it is such a riveting clown show with new crazy episodes almost every day, Europeans can be forgiven for ignoring the fact that Brexit is going to hurt them too. But as the date of Britain’s departure comes closer and Theresa May’s government continues its kamikaze policy of demanding the politically unthinkable from the EU, it is time for Europeans to wake and begin...

    the Guardian
  • British shoppers reined in Christmas spending, official figures show

    Spending fell 1.5% in December as consumers brought forward purchases to Black Friday British consumers sharply reined in spending over the Christmas period, as Black Friday deals encouraged them to purchase presents earlier, rounding off the weakest year for retail sales since 2013. According to the Office for National Statistics (ONS), spending fell back 1.5% in December after a strong November when the US-inspired discounting event appeared to boost sales. The drop was worse than expected...

    the Guardian
  • Pound edges higher ahead of UK retail sales data

    The pound is holding on to post Brexit-vote highs of $1.39 as investors await UK retail sales data for DecemberGreg Clark: powers exist to claw back Carillion bonuses Carpetright shares plunge after major profits warning 9.06am GMT The business secretary Greg Clark was put on the defensive when interviewed about Carillion by Nick Robinson on Today.Greg Clark has just acknowledged this on #today but insisted that ministers were kept up to speed throughout that period 8.51am GMT Clark is asked...

    the Guardian
  • WashPo: Democrats Will Lose Shutdown Polls If Public Blames Their Amnesty Push

    The Democrats' 2018 chances will be damaged by the government shutdown if voters blame the Democrats' pro-amnesty agenda, a Washington Post report admitted Thursday evening.

  • Post-work: the radical idea of a world without jobs

    Work has ruled our lives for centuries, and it does so today more than ever. But a new generation of thinkers insists there is an alternative. By Andy Beckett Work is the master of the modern world. For most people, it is impossible to imagine society without it. It dominates and pervades everyday life – especially in Britain and the US – more completely than at any time in recent history. An obsession with employability runs through education. Even severely disabled welfare claimants are...

    the Guardian
  • USA Today: Amnesty Debate Is About 3.6 Million 'Dreamers,' not Just 800,000 DACA Illegals

    USA Today has frankly admitted what establishment media outlets are eager to hide: That the media-touted amnesty for up to 800,000 'DACA' illegals is actually a 'dreamer' amnesty for 3.6 million illegals.

  • Minimum Wage Hits Maximum Sandwich

    As far as lunch deals go, Subway’s $5 footlong sandwich has been a hit with consumers. The company sees the promotion as a way to revive interest in its restaurants, which have struggled to attract diners in the last few years. In January, Subway brought the deal back for a limited time and now charges $4.99 for 12 inches of five sandwiches: black forest ham, meatball marinara, spicy Italian, cold cut combo, and something called “Veggie Delite.” Now, though, the Subway $5 footlong is under siege...

    Weekly Standard
  • House Freedom Caucus Gets Debate, Vote, on Goodlatte's Immigration-and-Amnesty Bill

    The House's immigration-and-amnesty bill is going to get a formal debate and vote in the House, according to the House Freedom Caucus.

  • Aetna agrees to pay $17 million in a privacy settlement after a major mailing mishap revealed the HIV status of thousands of patients.

    The settlement was reached after a major mailing mishap revealed the HIV status of thousands of patients.

    Pacific Standard
  • Jobless Claims Hit 45 Year Low, GDP Looks Strong, Manufacturing Growth Powers Forward

    A trio of economic data released Thursday indicate that the economy is growing, fewer Americans are losing jobs, and manufacturing is strong.

  • Donald Trump: 'It’s the Economy Stupid'

    “It’s the economy stupid!” he said, repeating a slogan coined by former Bill Clinton adviser James Carville in 1992. “Did you ever hear that one? It’s the economy.”

  • Apple CEO: Trump Tax Plan 'Will Result in Job Creation and a Faster Growing Economy'

    Apple CEO Tim Cook said in a recent interview that President Trump's tax plan would result in a faster-growing economy and greater job creation.

  • People flocking to low-tax states could swing future elections

    States that keep taxes low and provide a competitive business climate perform better than states that follow a tax-and-spend approach.