Recent Posts

The ‘false’ globalization narrative

  In the public imagination, no industry better symbolizes the downfall of US manufacturing than steel. Shuttered plants dot the Midwest. Since 1973, steel employment has dropped 76 percent, from 610,700 to 147,300 in 2015. Moreover, the culprit seems clear — trade — and its influence seems pervasive: Manufacturing as a whole lost about 5 million jobs from 2000 to ...

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Trump economy team mirrors his campaign

  Birds of a feather flock together. It applies to Donald trump and his team of billionaires. The Republican presidential candidate has unveiled an economic team that’s a mirror image of the candidate. The 13-member team includes several billionaire bankers and investment managers. They are all men. And they have been in business with Donald before. Here lies the dichotomy. ...

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Jobs report brings much-needed good news

  The global economy desperately needed some good news. That’s what it got in the latest US jobs report. Ahead of today’s release of the US employment report for July, the mood was decidedly gloomy, with economic activity slowing in most other advanced countries, the UK facing a real and present danger of an economic recession and the risk of ...

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