As much as the US pines for the good old days of global semiconductor supremacy, Japan feels its loss of glory even more. Once a dominant name in electronic components, the nation has been overtaken by South Korea, Taiwan, and, more recently, China. Yet Tokyo may have a viable plan to revitalise its domestic sector. “Unlike the purely domestic, independent ...

One of the biggest questions hanging over the US economy right now is whether the government is spending too much money. Some prominent economists are warning it’s time to pump the brakes. President Joe Biden’s $1.9 trillion pandemic relief package came on top of $3.1 trillion in similar outlays back in 2020; and now the president is planning at least ...

President Joe Biden’s recently unveiled budget marks a new era in US economic policy making. Decades of trickle-down tax cuts are out the window; Biden is betting that trickle-up economics will deliver the kind of sustained and equitable growth we all want. But that’s a dangerously short-sighted strategy that in the long term will create far more stagnation than a ...