Changes in America’s economic structure, coupled with its global dominance in the services sector, explain why manufacturing now occupies only a modest share of the nation’s GDP
The latest installment of the Make-America-Great-Again (MAGA) assault on globalised economic growth takes the form of an import duty of 100% on a segment of pharmaceuticals.
The 2025 Nobel Prize for Economics has gone to three economists — two of them based in the US, although neither is US-born, and the third, in France — ‘for having explained innovation-driven economic growth’.
TK ARUN Trump seeks a Nobel for a hollow peace deal, while India’s cricket win turns petty—both confuse theatrics with strategy. The US government has shut down, Democrats refusing to give in to MAGA blackmail. Democrats are sticking to the…
That is the surest way to avoid home buyers finding themselves stranded with stalled construction instead of homes for which they have borrowed big
Last Friday, US president Donald Trump increased the fee for an H1B visa to $100,000. This would force American companies to hire more American college graduates and stop the practice of companies bringing in low-paid workers from abroad to work in the US, he said.
The RBI’s latest monetary policy and regulatory pronouncements are a strange mixture of caution and recklessness. The policy appreciates that with inflation depressed, not only because of well-behaved food prices but also because of deficient demand that has sent fast-moving consumer goods companies into depression, real interest rates in the economy are high.