This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, economy reporter Reade Pickert looks at the risk to the US of a slowdown in China. Sign up here and follow us at @bpolitics. Email our editors here. The US is accustomed to the ebbs and flows of its … Read more
Western foreign-policy wonks increasingly think of Russia as the storm, China as climate change — the slower but greater danger to the democratic world. So it makes sense for the US and its allies to “de-risk” their economic ties to the Middle Kingdom, avoiding dependencies and mitigating vulnerabilities. But nothing warrants the anti-Beijing hysteria that’s … Read more
August 13, 2023 at 12:00 AM EDT I am old — I turn 60 next year. So I don’t believe in Santa Claus. I don’t believe in the Tooth Fairy. And I am pretty darned skeptical about Jay Powell’s “soft landing,” too. I’ve seen enough Fed chairs over the years to know that managing monetary … Read more
Morgan Stanley Calls Recent Long-Bond Woes a ‘Headscratcher’ Bloomberg Source link
Stock Markets Today: UK GDP, Country Garden’s woes, US-China … Bloomberg Source link
NEW YORK (AP) — Several news organizations, writers and photographers groups are pushing to be involved in creating standards for the use of artificial intelligence, particularly as it concerns intellectual property rights and the potential spread of misinformation. In an open letter sent on Wednesday, they outlined priorities for setting rules on the technology, which … Read more
A year after President Joe Biden signed the CHIPS and Science Act into law, the U.S. semiconductor industry is still waiting on the windfall. “We will start to give out the money later this year,” said Secretary of Commerce Gina Raimondo. “We’re pushing the team to go fast, but even more important, to get it … Read more
COLUMBUS, Ohio (AP) — Ohio voters on Tuesday resoundingly rejected a Republican-backed measure that would have made it more difficult to change the state’s constitution, setting up a fall campaign that will become the nation’s latest referendum on abortion rights since the U.S. Supreme Court overturned nationwide protections last year. The defeat of Issue 1 … Read more
WASHINGTON (AP) — President Joe Biden set out Monday on a Western swing aimed at showcasing his work on conservation, clean energy and veterans’ benefits as he seeks to draw an implicit contrast between his administration’s accomplishments and former President Donald Trump’s legal troubles. Biden’s first stop will be the Grand Canyon area, where he’s … Read more
The economy is getting a boost from Bidenomics and a bulging federal budget deficit, simultaneously fueling hopes the US will avoid a recession while fanning fears it will be stuck with too much debt and too-high inflation. A trio of legislation championed by President Joe Biden – stepped-up infrastructure spending, increased investment in a green … Read more