Stories >> All

Category: Stories - Topic: All

Select more of our Stories from this list:

Stories : All


Tyler Cowen: Amazon's 3 Washington Finalists Are Not the Same
Posted: January 23, 2018 at 11:20 AM (Tuesday)

Maryland is for millennials. Virginia is for parents. And the District of Columbia kind of a head-scratcher. Now that Amazon.com Inc. has released its list of 20 finalists for its second headquarters, there is lots of talk about the Washington area, as the District of Columbia, Northern Virginia and Montgomery County, Maryland, all made the ...


Michael Spence: Making Migration Work
Posted: January 23, 2018 at 10:39 AM (Tuesday)

MILAN – The UN is right to underscore the benefits of broad-based international cooperation on migration, particularly regarding measures that could, over time, reduce migrant flows by improving conditions in source countries. But, to be politically acceptable in virtually any country, such cooperation must respect national sovereignty. There ...


Jim Bianco: Stocks Are Facing Unprecedented Earnings Expectations
Posted: January 23, 2018 at 08:30 AM (Tuesday)

There is no history of companies beating such an aggressive set of profit forecasts, and this week could set the tone for the next several months. The U.S. stock market is off to a strong start this year, and perhaps the biggest reason is the unprecedented expectation for big gains in earnings. This week is critical for those expectations as ...


Businesses That 'Don't Touch The Plant' Grow Up Alongside Marijuana Industry
Posted: January 23, 2018 at 08:12 AM (Tuesday)

Cannabis-related products and services that “don’t touch the plant,” are subject to less risk from federal anti-cannabis prosecution, and have fewer rules and regulations to abide by. They may just be the pick axes and blue jeans of the new Green Rush. Lux Lux Pot Shop in Seattle While Attorney General Jeff Session has been speaking ...


Greg Ip: IMF Sees a Global Boom That’s Overly Dependent on Easy Money
Posted: January 23, 2018 at 05:30 AM (Tuesday)

DAVOS, Switzerland — IMF credits slow pace of U.S. rate increases and ECB’s large balance sheet for brisk pace of global growth. The world is enjoying its broadest, strongest growth in years, and everyone has an explanation, from the U.S. tax cut to the recovery in ...


Robert Shiller: The World’s Priciest Stock Market
Posted: January 23, 2018 at 04:46 AM (Tuesday)

NEW HAVEN – It is impossible to pin down the full cause of the high price of the US stock market. That alone should remind all investors of the importance of diversification, and that the overall US stock market should not be given too much weight in a portfolio. The level of stock markets differs widely across countries. And right now, the ...


Jason Schenker: IMF Outlook Adds to the Allure of Oil and Metals
Posted: January 23, 2018 at 01:00 AM (Tuesday)

Commodity-focused nations are likely to benefit significantly from a global economy that appears to be firing on all cylinders. The International Monetary Fund on Monday raised its forecasts for global economic growth in 2018 and 2019 to 3.9 percent, which would be the fastest pace since 2011. That is good for global equities, of course, but it ...


Burton Malkiel: How to Invest in an Overpriced World
Posted: January 22, 2018 at 07:14 PM (Monday)

Two strategies that work: broad diversification and rebalancing. Also, try to minimize your costs. What should an investor do when all asset classes appear overpriced? The 10-year U.S. Treasury bond currently yields about 2.6%, much lower than the 5% historical average and only slightly higher than the Federal Reserve’s 2% inflation target. ...


Andy Puzder: Give Your Workers a Tax-Cut Bonus
Posted: January 22, 2018 at 07:13 PM (Monday)

If you’re an employer who increased wages due to the Republican tax cuts, tell your employees why. It’s not a Valentine’s Day bonus. It’s a lasting pay raise thanks to the Republican tax cut. That’s the message employers should give their employees who—according to tax withholding guidelines the IRS released last week—will receive bigger ...


Paul Krugman: The Art of the Broken Deal
Posted: January 22, 2018 at 06:02 PM (Monday)

"L'état, c'est moi," declared Louis XIV: "I am the state." Louis was an absolute monarch, whose word was law, and serving France meant being personally loyal to Louis himself. There were obvious advantages to such a system: no ambiguity about where authority lay, no time wasted in legislative debates, no need to cobble coalitions together to ...


Ryan Ellis: New Tax Withholding Tables Are a Down Payment on Big Middle Class Tax Cuts
Posted: January 22, 2018 at 05:10 PM (Monday)

The new IRS payroll withholding tables are out, and they are predictably being downplayed by the same mainstream media that didn't want to talk about tax relief for the middle class in the Congressional debate over the Tax Cuts and Jobs Act. In fact, the new withholding tables are an immediate pay hike for the middle class, and portend even ...


Greg Ip: A Fractured World, Nationalism vs. the Global Liberal Order
Posted: January 22, 2018 at 04:15 PM (Monday)

Nationalist movements have lost some recent battles, but it’s way too soon to think they are receding. The global liberal order is holding up better than many feared a year ago. In Europe, right-wing populists lost elections to the establishment in the Netherlands, Austria and France. U.S. President Donald Trump has prioritized ...


Heads of State and C.E.O.s in Davos Beware: 6 Feet of Snow in 6 Days
Posted: January 22, 2018 at 03:13 PM (Monday)

DAVOS, Switzerland — It may be tempting fate to try to gather 60 heads of state and hundreds of global business leaders in the dead of winter in a Swiss mountain valley. This year, the World Economic Forum's luck seems to have run out. Fat, damp snowflakes have been tumbling down for the past six days, burying the town in six feet of snow, ...


Nicolas Loris: Free markets, free trade can fuel U.S. energy dominance
Posted: January 22, 2018 at 02:58 PM (Monday)

The Senate Energy and Natural Resources Committee got some very good news last week. Fatih Birol, executive director of the International Energy Agency, testified that the U.S. is becoming the "undisputed" global leader in oil and gas production. Chalk it up to American ingenuity. Mr. Birol predicted that, given "the remarkable ability ...


Brian Riedl: Blame Senate Democrats for Government Shutdown
Posted: January 22, 2018 at 01:16 PM (Monday)

America is currently arguing over who is responsible for the government shutdown. Yet any fair reading of appropriations policy, congressional norms, and congressional votes makes it clear that Senate Democrats are to blame. Senate Democrats have reportedly now stepped back from their demands and agreed to keep the government going. As ...


Richard Epstein: Global Warming and Bond Offerings
Posted: January 22, 2018 at 12:11 PM (Monday)

How public nuisance law suits have trapped city governments in a web of their own making In a previous column, Is Global Warming A Public Nuisance?, I offered a detailed explanation as to why the efforts of cities like San Francisco, Oakland, and New York to secure abatement funds from five major oil companies picked the ...


Andrew Ross Sorkin: Fox in the Globalist Henhouse? Davos Awaits Trump’s Arrival
Posted: January 22, 2018 at 09:21 AM (Monday)

DAVOS, Switzerland — As the annual meeting of the World Economic Forum gets underway here this week, the conversation among business and policy leaders in the Alps is already dominated by one topic: What will the first-time invitee President Trump say? Mr. Trump, who is to arrive later this week if the government shutdown doesn't upend his ...


Amity Shlaes: Growth, Not Equality
Posted: January 22, 2018 at 08:39 AM (Monday)

American history shows that expanding the economy benefits everyone. Free marketeers may sometimes win elections, but they are not winning U.S. history. In recent years, the consensus regarding the American past has slipped leftward, and then leftward again. No longer is American history a story of opportunity, or of military or domestic ...


Mohamed El-Erian: Oil’s Uncertain Comeback
Posted: January 22, 2018 at 07:51 AM (Monday)

CALGARY – Unless there is a notable geopolitical shock, traditional oil producers should treat the recent oil-price gains as a temporary windfall, not a permanent state of affairs. To prolong the price recovery as long as possible, they should reinforce their collective production discipline. As global economic growth picks up ...


Peter Morici: Fed would be making a mistake if it raises rates four times in 2018
Posted: January 22, 2018 at 06:00 AM (Monday)

There’s nothing wrong with economy that entitlement reform and a few robots won’t fix. Economists widely expect the Federal Reserve to raise its benchmark interest rate three times in 2018. However, Robert Kaplan, the president of the Dallas Federal Reserve Bank, recently raised the prospect that four or more hikes may be necessary, and ...


Steven Rattner: The Market Isn’t Bullish for Everyone
Posted: January 22, 2018 at 05:45 AM (Monday)

Hardly a day goes by without President Trump tweet-bragging about the relentless rise of the stock market to fresh record highs — Exhibit A in his mind about how he is, indeed, making America great again. But, while strong equity markets are certainly a Good Thing, let's not forget that, like so many effects of Mr. Trump's policies, those ...


Conor Sen: Wage Growth Is Coming. Those Profits Can't Last.
Posted: January 22, 2018 at 05:30 AM (Monday)

Employers report that replacing a departed worker is expensive -- a red flag that the workforce is widely underpaid. One of the big economic questions for 2018 is whether the strong economic expansion and the resolution of tax uncertainty kick the labor market and wage growth into a higher gear. It might take months for decisions made ...


Harold James: The Stupid Economy
Posted: January 22, 2018 at 05:13 AM (Monday)

PRINCETON – Advances in automation and artificial intelligence already pose a clear threat to countless occupations, just as the technologies of the Industrial Revolution did for many forms of manual labor in the nineteenth and twentieth centuries. But this time, it is not just our jobs that are in danger. Most discussions about the march ...


Mohamed El-Erian: Why Markets Shrug Off Political Turmoil
Posted: January 22, 2018 at 02:00 AM (Monday)

In the last few years, investors have ignored expert advice about a long list of issues. Despite almost nonstop news coverage last week of the high likelihood and adverse implications of a U.S. government shutdown, the performance of stocks and bonds in recent days betrayed little evidence of investor concern. Go back a little further and ...


Robert Samuelson: China And The Global Race For Knowledge
Posted: January 21, 2018 at 08:00 PM (Sunday)

The National Science Foundation and the National Science Board have just released their biennial "Science & Engineering Indicators," a voluminous document describing the state of American technology. There are facts and figures on research and development, innovation and engineers. But the report's main conclusion lies elsewhere: China has ...


Lawrence Summers: Trump doesn’t deserve credit for all the economic good news
Posted: January 21, 2018 at 07:07 PM (Sunday)

President Trump will be attending the World Economic Forum in Davos, Switzerland, this week. Inevitably, attention will focus on whether the president projects a commitment to internationalist values or reiterates his truculent nationalism in the name of making America “great again.” Attention will also focus on the durability of the ...


Christopher Balding: Trump Has an Opening in China
Posted: January 21, 2018 at 06:50 PM (Sunday)

Both Trump and the Chinese government have bad ideas on trade. That may offer a chance for progress. When it comes to trade, President Donald Trump and the Chinese government are both engaged in pointless, counterproductive protectionism. That may actually represent an opportunity.As Trump reviews China's trade policies, he has zeroed in on ...


Sally Pipes: Single-Payer Health Care Isn’t Worth Waiting For
Posted: January 21, 2018 at 03:27 PM (Sunday)

An orthopedic surgeon challenges Canada’s ban on most privately funded procedures. When Brian Day opened the Cambie Surgery Centre in 1996, he had a simple goal. Dr. Day, an orthopedic surgeon from Vancouver, British Columbia, wanted to provide timely, state-of-the-art medical care to Canadians who were unwilling to wait months—even ...


Jeff Sessions: Donald Trump's immigration principles will make Americans safer
Posted: January 21, 2018 at 03:26 PM (Sunday)

For decades, the American people have been begging and pleading with our elected officials for an immigration system that is lawful and that serves our national interest. That's not just because immigration is an economic issue. It's also because it's a matter of public safety and national security. If we can't control — or even know — who ...


David Rivkin and Andrew Grossman: The Zero That Makes Mulvaney a Hero
Posted: January 21, 2018 at 03:25 PM (Sunday)

By Democrats’ design, the CFPB director has vast power. He can use it to shrink the bureau. Richard Cordray asked Federal Reserve Chair Janet Yellen for $217 million in October—his last such request as director of the Consumer Financial Protection Bureau. Last week Mr. Cordray’s acting successor, Mick Mulvaney, made his first quarterly ...


Stephen Moore: Get ready for a congressional budget blow-out
Posted: January 21, 2018 at 03:03 PM (Sunday)

With all the talk about a possible government shutdown due to an impasse on immigration reform, no one seems to be paying attention to a story of even bigger long-term consequence. Congress is preparing a two-year budget that blows past bipartisan spending caps to the tune of $216 billion through 2019. These are the latest stunning tallies ...


Bruce Japsen: How The Government Shutdown Makes A Bad Flu Season Worse
Posted: January 21, 2018 at 02:15 PM (Sunday)

Surveillance of one of the worst seasonal influenza outbreaks in several years could be slowed by the U.S. government shutdown, a U.S. Department of Health and Human Services contingency plan shows. The Centers for Disease Control's response to an outbreak already deemed one of the worst in years could face bureaucratic and administrative ...


Mickey Levy: Economic Fundamentals Unaffected by Shutdown
Posted: January 21, 2018 at 10:47 AM (Sunday)

The failure of Congress to approve yet another stop-gap budget has resulted in a temporary “government shutdown” as of this writing. To the casual observer, a government shutdown sounds ominous indeed. But in reality, its short-term effects are minimal, and its longer-run effects are nil. The temporary shutdown--which is not really a shutdown ...


John Tamny: Williston, ND's Debt Troubles Mock Keynesian Delusions, and Deficit 'Hawks' Too
Posted: January 20, 2018 at 11:00 AM (Saturday)

Busy Bee’s is a popular destination for parents of young children in the Washington, D.C. area. Its two locations are especially packed on cold days thanks to its indoor playgrounds that include balloon pits, swinging chairs and slides. No doubt there are play concepts like Busy Bee’s all over the U.S., just as there are businesses similar to ...


Robert Ehrlich: Liberal Economics Don't Work: Highlighting Failed Predictions
Posted: January 20, 2018 at 04:00 AM (Saturday)

Now more than ever, we must highlight the negative consequences of left-wing policies. One of the great drawbacks of our 24/7 social-media-preoccupied world is the volume of news produced and consumed on a daily basis. I am old enough to remember when a major news story could own the front page for weeks, one learned of "breaking news" on ...


Sue Desmond-Hellmann: Be Skeptical of Those Who Treat Science as an Ideology
Posted: January 19, 2018 at 06:10 PM (Friday)

Scientific knowledge is always provisional. The point is to produce evidence, not doctrine. Skepticism is the lifeblood of scientific progress. By constantly asking whether there is a different answer, a better approach or an alternative view, scientists drive improvements and innovations that ultimately benefit everyone. It is not ...


Sally Pipes: Free Marketers Should Use 2018 To Lay The Foundation For Medicare Reform
Posted: January 19, 2018 at 03:00 PM (Friday)

Earlier this month, President Trump, House Speaker Paul Ryan, Senate Majority Leader Mitch McConnell, and other senior Republicans huddled at Camp David to plan the party's 2018 legislative agenda. Speaker Ryan argued for reforming Medicare. That "is how you tackle the debt and the deficit," he said. He's right. Unfortunately, GOP ...


Adam Millsap: Which Underdog Has The Best Chance Of Getting Amazon's HQ2?
Posted: January 19, 2018 at 02:51 PM (Friday)

Amazon is looking for a city for its second headquarters (HQ2) and it recently released a list of 20 finalists. Many of the expected cities made the list—New York, Boston, Washington D.C., and Chicago—along with a few dark horses like Columbus, Indianapolis, and Newark. Previously I argued that Amazon should consider Tampa-St. Petersburg, ...


Peter Ferrara: SEC Deregulation Would Save Shareholders Time And Money
Posted: January 19, 2018 at 02:47 PM (Friday)

SEC regulation requires companies and mutual funds to file and distribute regular reports and "disclosures" to shareholders and the public. Those reports degenerated into boilerplate decades ago that nobody even reads, except for junior associates in law firms, either proofreading, or trolling for useful grist in litigation against the ...


Ryan Bourne: Trump's Ideas May Force The Introspection 'Davos Man' Needs
Posted: January 19, 2018 at 02:22 PM (Friday)

President Trump will attend the World Economic Forum in Davos next week. On the face of it, the annual jolly for worldwide business and political elites at a ski resort in Switzerland looks an unwelcoming environment for the President. "Davos Man" is seen by many as the manifestation of the globalist agenda Trump denounces. The biggest acclaim ...


Neil Dutta: U.S. Manufacturing Is Primed for Another Year of Growth
Posted: January 19, 2018 at 12:11 PM (Friday)

The global economy is a big driver, but domestic demand is even more important. U.S. manufacturing production just had its best year since 2011, yet some argue that 2017 was as good as it will get and that a slowdown is ahead.We think the opposite is more likely: Factory output is poised to speed up. Investors worried that the equity market ...


Making Apple — And Lots Of Other Companies — Great Again
Posted: January 19, 2018 at 11:03 AM (Friday)

Tax Reform: Apple has announced it will return hundreds of billions of dollars it has stashed overseas to invest here in the U.S. and may create as many as 20,000 new jobs over five years. Gee, why didn't they do that two years ago? We're being a bit snarky, of course, and for that we apologize. But the truth is, when it comes to federal ...


Jared Bernstein: Ask not for whom the shutdown tolls. It tolls for thee.
Posted: January 19, 2018 at 09:48 AM (Friday)

What a mess. Last night, a majority in the House voted in support of another four-week budget patch, the fourth one in a row by my count. But the continuing resolution (CR) requires 60 votes in the Senate, and Democrats, along with a couple of Republicans, appear to have the votes to block it. That could mean the government partially shuts down ...


Marc Thiessen: Democrats need to do their job and make a deal
Posted: January 19, 2018 at 08:44 AM (Friday)

It’s been more than a week since word leaked of President’s Trump’s “shithole countries” comment, but instead of moving past it and returning to the negotiating table, Democrats continue to milk Trump’s comments — posturing for the cameras to condemn his “ignorance and bigotry,” while threating to shut down the government if Trump does ...


Charles Lieberman: The Overlooked Economics of Trump's Tax Law
Posted: January 19, 2018 at 07:00 AM (Friday)

The reduction in tax rates is a benefit, but the stimulus provisions will widen the deficit. The ink on the U.S. tax bill wasn't even dry before Democrats said the measure was a failure. Republicans waited just minutes after Wal-Mart announced a $1 wage increase to crow that President Donald Trump's overhaul was already beginning to ...


Jason Furman: The Right Question About Inequality and Growth
Posted: January 19, 2018 at 05:04 AM (Friday)

CAMBRIDGE – The relationship between inequality and growth has become a hot topic for economists, with new research challenging the conventional view that greater inequality is the price that must be paid for higher output. But for policymakers, this debate is a distraction; the real question is how to assess outcomes and improve modes ...


Michael Pence: March for Life – Strong Message
Posted: January 19, 2018 at 04:00 AM (Friday)

Today's March for Life sends a strong message. Today, tens of thousands of Americans have traveled to Washington, D.C., for the 45th annual March for Life. They come from all across our nation, and from every walk of life – students of every age, blue-collar workers, people of many backgrounds, mothers and fathers, sons and daughters. Yet ...


Mohamed El-Erian: Higher Yields in 2018 Don't Mean Market Turmoil
Posted: January 19, 2018 at 02:00 AM (Friday)

Thank better growth dynamics in the U.S. and Europe. The performance of U.S. Treasuries in 2017 confounded many, as the bonds kept to range-bound trading in the context of both higher growth and rate tightening by the Federal Reserve that went beyond initial market expectations. Therefore, it should come as no surprise that the recent move up ...


Charles Hughes: States Prime Themselves for New Amazon HQ
Posted: January 19, 2018 at 12:03 AM (Friday)

From the 238 jurisdictions that submitted bids to become the landing spot for the company’s second headquarters (HQ2), Amazon has cut the list to 20. Finalists range from major metropolitan areas such as Chicago and Atlanta to smaller places such as Nashville, Tennessee, and Columbus, Ohio. Almost all of these places offered generous ...


Peter Morici: Erecting an elaborate system of redistributionist policies is where the Democrats fail
Posted: January 18, 2018 at 09:01 PM (Thursday)

For Republicans, it's dangerous to focus on the moment — accusations that President Trump is a racist, DACA and avoiding government shutdowns — but the more enduring threat to the GOP's grip on power are charges of insensitivity about inequality.In a market economy, some inequality is necessary to reward innovation and hard work, but too ...


John Tierney: Trump’s Infrastructure Opportunity
Posted: January 18, 2018 at 08:16 PM (Thursday)

The administration’s plan, soon to be released, could unleash private partnerships and reduce Washington’s role. Presidents ritually lament America’s decaying infrastructure and promise to improve it—and they’ve failed every time. But now there’s finally someone in the White House with a workable strategy. The Trump administration really does ...


Neel Kashkari: Immigration Is Practically a Free Lunch for America
Posted: January 18, 2018 at 07:06 PM (Thursday)

Tax cuts are well and good, but the surest way to spur economic growth is to let in more people. As Congress and the Trump administration debate immigration reforms with important legal and social implications, they must not lose sight of an overarching truth: Robust immigration levels are vital to growing the ...


Paul Krugman: The G.O.P.’s Doomsday-Machine Politics
Posted: January 18, 2018 at 07:05 PM (Thursday)

Back in the depths of the Cold War, people used to talk about "doomsday machines," devices that could destroy the world. What would be the use of such a device, since anyone using it would destroy himself, too? Well, the main idea was that it could provide deterrence. But there was also the notion that a madman with access to such a device ...


The Climate Change Doomsday Just Got Canceled
Posted: January 18, 2018 at 06:58 PM (Thursday)

Environmentalism: A new study published in the prestigious journal Nature finds that all those global warming doomsday scenarios aren't credible. Not that you would ever know based on how little coverage this study is getting. The study, published on Thursday, finds that if CO2 in the atmosphere doubled, global temperatures would climb at most ...


Review & Outlook: Transparency for Fusion and the FBI
Posted: January 18, 2018 at 06:53 PM (Thursday)

Democrats vote to keep documents secret but Congress will see them. The chance that Americans will learn what really happened between the FBI and Fusion GPS is growing with Thursday’s vote by the House Intelligence Committee to give every House Member access to key information. Soon the House should move to declassify all documents in the ...


'I Voted for Donald Trump, and I Regret It’
Posted: January 18, 2018 at 04:33 PM (Thursday)

In contrast to letters from Trump voters that we ran earlier, now we hear from two readers disappointed that their hopes didn't pan out. To the Editor: I voted for Donald Trump, and I regret it. I thought he would change his divisive rhetoric from the campaign trail and never imagined he would divide this country with lies and racism, bigotry ...


Clyde Wayne Crews: Net Neutrality And Senate Democrats' Renewed Love For The Congressional Review Act
Posted: January 18, 2018 at 04:02 PM (Thursday)

The Congressional Review Act (CRA) is the law by which the Republican Congress and the Trump Administrationeliminated14 of President Obama’s “midnight regulations” by passing laws called “resolutions of disapproval” (RoD). There was, unsurprisingly, plentyprotest from Democrats. Sen. Cory Booker (D-NJ) even introduced legislationin 2017 to get ...


The Furor Over a NY Times Forum for Trump Fans
Posted: January 18, 2018 at 03:23 PM (Thursday)

To the Editor: Re "Trump Voters, One Year In" (letters, Jan. 18): As one who does think of President Trump's supporters as among the "deplorables" — people who are racist and xenophobic, people who fear the world, people who blame others for all their challenges and woes, people who hate the very idea of government as a force for good — I ...


Kerry Jackson: At Least Trump Doesn't Think Americans Are $h!tholes — Like Obama And Hillary Do
Posted: January 18, 2018 at 01:50 PM (Thursday)

The reactionary slop that hit the fan over President Trump's comments about the conditions in Haiti, El Salvador and reportedly some other nations just won't stop. But lost in all the for-the-TV-cameras outrage is what former President Obama and wanna-be-president-so-bad Hillary Clinton think of some Americans and where they live. They believe ...


Danielle DiMartino Booth: The Fed Is Targeting the Wrong Inflation
Posted: January 18, 2018 at 11:44 AM (Thursday)

The central bank's go-to metric minimizes the weight of rent and over-emphasizes health care. Consumers are increasingly asking: Is this a need or a want? A discernible gap between the rate of price increases for necessities and the one for discretionary purchases is putting the Federal Reserve's tightening path at risk of veering ...