Why the Fed May Cut Rates for the First Time Since the Financial Crisis
https://www.nytimes.com/interactive/2019/07/31/business/economy/why-fed-lower-rates “Uncertainty around global growth and persistently low inflation are behind the expected move, because both pose major threats to the health of the economy at a time when the central bank has limited ammunition to fight off a downturn. It will be what’s called an “insurance cut” — one that central bankers are making to keep growth chugging along.”
The Fed Can’t Seem to Satisfy Bond Traders or Trump
Geographic differences in economic well-being, it seems, have become increasingly salient in American policy and political conversation. These differences are a longtime concern of University of California, Berkeley economist Enrico Moretti.
“To think correctly about globalization one needs to think of it in historical context. This means seeing today’s globalization and its effects, positive and negative, as in many ways a mirror-replay of the first globalization that took place from the mid-19th century to the First World War.” How Knowledge Spreads
“A Chinese company built a 10-house village with a 3-D printer in less than one day in 2014. A stretch of solar-power highway that converts sunlight into electricity and transfers it directly to the power grid opened in Jinan, eastern China, just last year. And a few years back, Korea switched on a road that wirelessly recharges online electric vehicles as they drive over it. These are just a few examples of the impressive technological advances that countries like Korea and—more recently—China have made in recent decades.” Globalization and the Spread of Ideas
“Globalization has accelerated the spread of knowledge and technology across borders. This has helped to increase productivity and potential growth in many countries and at the global level.”