#economic-policy

#economic-policy

"The historical evidence reveals a striking pattern: government bonds have repeatedly generated substantial real losses during these extreme episodes. They have even underperformed equities and real estates which are traditionally regarded as risky assets."

Caleb Moss's workday starts early on Tuesdays and Thursdays, before the sun comes up. At 4:30 a.m., he reports to his post in tool and die at Virco Manufacturing. Under the guidance of a mentor, he turns steel into high-precision tools and molds used throughout the plant. At 9:00 a.m., Moss leaves the plant and heads to Pulaski Technical College in North Little Rock, Ark., for a full day of instruction, beginning with math class and moving on to hands-on training on machines similar to those Moss uses on the job.

And some of the jobs we're creating and protecting are right here at Verst Logistics. So, let me call up your outstanding CEO, Paul, come on up, real fast, Paul. Come on. Paul Verst. Come on up here, Paul. Let's go. Do it fast, Paul! They don't wanna to hear from you.

A friend remarked to me over the weekend about the apocalyptic scenes of fire raging in Tehran. The strike on an oil depot has sent plumes of smoke across Iran's capital. An environmental catastrophe is unfolding, with reports of rain turning black and increasing respiratory problems.

Ontario and Nova Scotia have agreed to let their residents buy alcohol directly from the other's province, part of the premiers' ongoing work to bolster interprovincial trade. Producers of beer, wine and spirits can start applying Tuesday to the province's liquor corporation for authorizations to do the direct-to-consumer sales, a process the premiers say will only take a matter of days.

Typical of Trump, he is boasting about the performance of the U.S. economy in the most hyperbolic terms. He even declared that his economy is 'the greatest ever in history' in a recent interview on Fox Business Network. He points to the stock market and allegedly low inflation to back his claim.

Back in Massachusetts, I heard from all sorts of companies, from board game makers to baby stroller manufacturers, that tariffs made it more expensive to run their businesses and raise their prices. The truth is, you paid for Trump's disastrous economic policies.

Hospitality employs 2.6 million people in the UK, 7.1% of the entire workforce. It generates £69.5 billion in gross value added. It contributes £54 billion in gross tax receipts annually. It is, by any reasonable measure, not a peripheral cottage industry but a cornerstone of the British economy.

I think we know what the agenda items are. Accomplishing those is going to be hard with a small majority. The upshot is that Trump's prime-time address is unlikely to make more than a ripple in the congressional agenda over the coming months. It's the reality, Republicans acknowledged Wednesday, of life in Washington right now: Despite its trifecta, the party's legislative ambitions are being hemmed in by its barely-there majorities.

U.S. trade deficits are large and need to be brought down. Reducing U.S. fiscal deficits is important. At the same time, there is no doubt in the US ability to pay the world and therefore no crisis. The U.S. has run a trade deficit for most of the past 50 years, but has never had a fiscal crisis related to this imbalance because international investors have kept buying up U.S. assets throughout that period.

We did not hear the truth from our president. So let's speak plainly and honestly. Is the president working for you? Democratic party leaders have repeatedly sought to return policy discussion to kitchen-table economic issues of affordability. More than half of Americans wanted Trump to focus on the economy in his address, according to a CNN poll released Tuesday.

When I spoke in this chamber 12 months ago, I had just inherited a nation in crisis, with a stagnant economy, inflation at record levels, a wide-open border, horrendous recruitment for military and police, rampant crime at home and wars and chaos all over the world. But tonight, after just one year, I can say with dignity and pride that we have achieved a transformation like no one has ever seen before and a turnaround for the ages.

High-level diplomatic talks are underway after Donald Trump announced a global tariff increase to 15%, raising fresh uncertainty for British exporters. The UK Government says it is aiming to secure the "strongest possible trading position" for British firms amid what ministers describe as an evolving situation. Education Secretary Bridget Phillipson said businesses may face short-term uncertainty but insisted Britain expects preferential trade treatment to continue.

The economy continued to grow slowly in the last three months of the year, with the growth rate unchanged from the previous quarter. The often-dominant services sector showed no growth, with the main driver instead coming from manufacturing. Construction, meanwhile, registered its worst performance in more than four years. The rate of growth across 2025 as a whole was up slightly on the previous year, with growth seen in all main sectors.

Egypt's House of Representatives approved a cabinet reshuffle put forward by President Abdel Fattah el-Sisi, reshaping key economic posts as the country grapples with a floundering economy. The shake-up announced on Tuesday brings 13 new ministers to the government, including those overseeing housing, higher education, planning, investment, and foreign trade. It also creates the position of deputy prime minister in charge of economic affairs, according to Egyptian media.

On Wednesday evening in Dhaka, Shafiqur Rahman, the emir [chief] of the Bangladesh Jamaat-e-Islami, unveiled an ambitious election manifesto. A key promise: If his party wins the country's February 12 election, it would lay the ground for Bangladesh to quadruple its gross domestic product (GDP) to $2 trillion by 2040. Addressing politicians and diplomats, the 67-year-old Rahman pledged investment in technology-driven agriculture, manufacturing, information technology, education and healthcare, alongside higher foreign investment and increased public spending.

Policy-makers are being urged to focus on investments in artificial intelligence (AI) in a way that makes sense for the economy. The Rethinking AI sovereignty paper, published to coincide with the World Economic Forum (WEF) meeting in Davos, recommends that policy-makers reframe AI sovereignty as strategic interdependence, where localised investments are combined with trusted partnerships and alliances. The paper, co-authored by the World Economic Forum and Bain & Co, presents data that illustrates the gap between AI infrastructure investment in the US and China compared with other countries.

The president's rallying cry was aspirational for the same reason that his economic agenda is flailing: He and his party have no abiding interest in advancing an economic program that would actually benefit working-class Americans. And Trump, being Trump, has refrained from devoting any serious thought or attention to deep and lasting economic reforms. Instead, he's pushed a series of gimmicky policy responses that amount to opportunistic photo-ops at best, and cynical afterthoughts at worst.