economics
During his Wednesday night speech at the Democratic National Convention (DNC), former President Bill Clinton trotted out some impressive statistics to make the case that Democrats in the White House are good for the economy. "You're going to have a hard time believing this, but so help me, I triple-checked it," Clinton said. "Since the end of the Cold War in 1989, America has created about 51 million new jobs….What's the score? Democrats 50, Republicans one"—meaning 50 million new jobs created under Democratic presidents, 1 million under Republican presidents. But it's misleading to suggest th...
Reason
As we approach another pivotal election, voters are once again being bombarded with messaging that paints the two main candidates as opposites. We're told Vice President Kamala Harris and former President Donald Trump represent radically different visions for America's economic future. They don't. When it comes to economic policy, there's far less daylight between Harris and Trump than either would care to admit. Let's start with trade policy. Trump's protectionist stance is well-known, with his administration imposing tariffs on a wide range of goods, particularly from China. He has since ann...
Reason
Democratic presidential candidate Kamala Harris' new call to regulate food prices and block mergers has drawn enormous flak from economists, given the poor track record of price controls. Democrats think they can make political headway with a "greedflation" narrative, blaming rising prices on business profit-seeking. There are both disreputable and respectable versions of this narrative—dumb and dumber, if you will—but they both run into the same problem: the evidence is against them. The dumber version, the one no economists endorse, says corporations got especially greedy, which made prices ...
Reason
In her first economic policy speech as the 2024 Democratic presidential nominee, Kamala Harris rightly criticized Donald Trump for favoring steep tariffs, saying her Republican opponent "wants to impose what is, in effect, a national sales tax on everyday products and basic necessities that we import from other countries." But in the same speech, Harris pitched a half-baked idea that is just as economically dubious, promising to crack down on "price gouging" by the grocery industry. That proposal is so misguided that it provoked undisguised skepticism from mainstream news outlets such as CNN, ...
Reason
Unsurprisingly, as the reigning World Cup champions, soccer is deeply embedded in Argentina's national identity. Players on the national team are praised as heroes by everyone, from die-hard fans to casual observers. Their trophies bring joy and a sense of triumph to a country that has seen much division and gloom in recent decades. Sadly, recent victories could be the last blaze of a dying fire. Soccer (or as we call it, fútbol) in Argentina is in decline, exploited by nefarious interests—but President Javier Milei has a plan. Until recently, domestic soccer clubs in Argentina had to be opera...
Reason
After all the talk of abortion rights, protecting democracy, and how "fun" Vice President Kamala Harris apparently is, the first night of the Democratic National Convention culminated with a celebration of President Joe Biden's four years in office. Biden "recovered all those millions of jobs that [Donald] Trump watched slip away," Sen. Dick Durbin (D–Ill.) declared. Biden "rebuilt the economy" after the pandemic put it "flat on its back," intoned Sen. Chris Coons (D–Conn.), a longtime Biden stan. Biden himself put the cherry on top. "We've had one of the most extraordinary four years of progr...
Reason
Editor’s note: This is issue 69 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from Aug. 12- Aug. 18, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks and soft commitments in the memorandum with the IMFDraft laws on increasing taxes and defense expenditure were postponed until the beginning of September. In August, Ukraine's Parliament, the Verkhovna Rada, will not consider draft la...
Kyiv Independent (CA)
Editor’s note: This is issue 69 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from Aug. 12- Aug. 18, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks and soft commitments in the memorandum with the IMFDraft laws on increasing taxes and defense expenditure were postponed until the beginning of September. In August, Ukraine's Parliament, the Verkhovna Rada, will not consider draft la...
Kyiv Independent
Editor’s note: This is issue 69 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from Aug. 12- Aug. 18, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks and soft commitments in the memorandum with the IMFDraft laws on increasing taxes and defense expenditure were postponed until the beginning of September. In August, Ukraine's Parliament, the Verkhovna Rada, will not consider draft la...
Kyiv Independent (UK)
Nonostante diversi funzionari Democratici senior abbiano suggerito che la campagna presidenziale della Vicepresidente degli Stati Uniti Kamala Harris avrebbe fatto perno sulle politiche anti-crypto dell'amministrazione Biden, il programma 2024 del Partito Democratico non fa alcuna menzione riguardo le criptovalute o la politica sugli asset digitali. Il programma del partito, composto da 91 pagine, tocca tutti i temi, dalla“corporate greed” all'edilizia abitativa e all'istruzione, fino alla politica estera e al potere geostrategico degli Stati Uniti. La riduzione dei costi è un tema ricorrente ...
Cointelegraph IT
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