Is the United States Beyond Hope?
On Fox News Channel’s Gutfeld last night, guest Dennis Miller asked frequent guest Emily Compagno if she didn’t just feel hopeless about the way things are going in the United States. One of the things that had led to this was her denunciation of some pro-Palestinian protestors saying “shame on you” to people at a […]
The Middle East faces economic chaos
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. Just over 100 days after Hamas’s brutal attack on Israel started a war in Gaza, the conflict is still escalating. On January 11th America and Britain started attacking Houthi strongholds in Yemen, after months of […]
Australian houses are less affordable than they have been in decades
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. In Australia, as in most places, waterfront property comes at a premium. But to see the full effects of high-cost Australian housing, look beyond trophy homes on Sydney Harbour and beach pads in Bondi. In […]
The countries which raised rates first are now cutting them
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. Over the past two years The Economist has studied the economic fortunes of Hikelandia. This group of eight countries—Brazil, Chile, Hungary, New Zealand, Norway, Peru, Poland and South Korea—started to tighten monetary policy in 2021, […]
Wall Street is praying firms will start going public again
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. Can you feel the chill? It is bone-deep, now. In 2021 capital markets were searing hot. On average, at least one new firm went public every working day. But financial districts today are icy. For […]
Sales rose 0.6% in December, topping expectations for holiday
Holiday shopping turned out even better than expected in December as shoppers picked up the pace to close out a strong 2023, the Commerce Department reported Wednesday. Retail sales increased 0.6% for the month, buoyed by a pickup in clothing and accessory stores as well as online nonstore businesses. The results were better than the […]
Meet the Economist NPR Interviewed to Explain Why America’s $34 Trillion Debt Is Definitely Not a Problem
In late December, after US Treasury Secretary Janet Yellen borrowed $90 billion in just one day, the federal government’s public debt eclipsed $34 trillion for the first time in history. The steady accumulation of public debt has become a mainstay in modern America, seemingly as inevitable as death and taxes. But something strange happened when […]
