Opinion

Baby boomers: Housing sector’s new dominant force

Jake Yanoviak is hunting for houses. On a weekday afternoon in North Philadelphia, the 23-year-old painter cruises along on his bike, its black paint obscured under stickers from breweries and rock bands. He turns onto a side street, where he spots a few elderly neighbors, standing on adjoining porches. He parks, leans on one handlebar and makes his pitch. “Anybody ...

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Trump’s great growth debate raises questions

The argument between the Trump administration and its critics over a sustainable rate of economic growth raises profound questions about America’s future. Have we entered a prolonged period of slow growth? If so, how does that alter society and politics? Or will the “right” policies raise growth to past levels? If you haven’t paid attention, here’s a brief overview of ...

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Has China’s rise into a global economic superpower stalled?

The fall from grace of China’s Anbang Insurance Group Co. Ltd. continues to get steeper. Not long ago, the mysterious firm was chasing one foreign deal after another, becoming a symbol of China’s global economic ambitions. Now it appears the government may be pressuring Anbang to divest those prized foreign assets. If that proves to be the case, China will ...

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How Japan could remove melted atomic fuel it lost

More than six years after three nuclear reactors melted down in Japan, the country is homing in on the lost fuel inside one of them. Japan’s biggest utility and owner of the wrecked Fukushima Dai-Ichi plant, Tokyo Electric Power Co. Holdings Inc., last week released images that for the first time showed what’s likely melted fuel inside the No. 3 ...

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Vietnam pays price for econmic success

Asia’s newest tiger economy is about to find out the cost of being a member of the club. Vietnam has more than doubled its gross domestic product over the past eight years, becoming a high performer in the world’s fastest-growing region. One consequence is it’s now well-enough off to be disqualified from getting development funding from international institutions on a ...

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Tillerson is right not to preach US values much

Recent leaks from the US State Department suggest that Secretary Rex Tillerson is not interested in one of its traditional missions: promoting democracy across the world. But could it actually be a wise move to pause those efforts—especially at this undeniably awkward moment for the US? Josh Rogin at The Washington Post reports that State is looking to amend its ...

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Older Americans aren’t as poor as we thought

Millions of American workers are frozen out of their companies’ pension plans. Maybe you get a 401(k), if you’re lucky. But the traditional pension is dead. Unless, perhaps, you’re already retired. It still lives for millions of older Americans who worked and qualified for their pensions in another era. Today’s retirees are living pretty well, new research finds—much better than ...

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Globalization thrives in Asia thanks to export revival

For all the talk of globalization’s retreat amid the mercantilist rhetoric of Donald Trump, it’s proving to be a very different story in Asia. Exports are resurgent, governments are pursuing free-trade deals, and rather than bringing jobs back home, American automakers are planning new facilities in China. That early-2017 angst over potential for a trade war is now turning into ...

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For once, on Russian row, Trump may be right

When all right-thinking people in the nation’s capital seem to agree on something—as has been the case recently with legislation imposing new sanctions on Russia—that may be a warning that the debate has veered into an unthinking herd mentality. Sanctions were already an overused tool of foreign policy before President Trump this week peevishly signed into law a measure imposing ...

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Passing buck back to government

At their meeting recently, the makers of India’s monetary policy cut interest rates only marginally. They would seem to have had little choice—but also little confidence that a deeper cut would jumpstart the Indian economy. The preceding days and weeks had featured a deluge of worrisome data, all of it pointing in the same direction: the economy was slowing down, ...

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