In theory, the sweeping coronavirus rescue package passed by Congress and signed by the president last week was not supposed to benefit Donald Trump or anyone else in his family and their businesses. But according to a Politico analysis of the 880-page, $2 trillion legislation, Jared Kushner’s family business appears poised to capitalise on a provision of the relief bill allowing owners […]
The fundamental pillars of Donald Trump’s presidency — a hot economy, strong job growth and a rocking stock market — are all being smashed to splinters by the ravaging coronavirus, which has shuttered much of the nation and now officially ended a streak of 113 months of job gains dating back to the end of […]
The United States has limited means of influencing China’s closed political system, but the diplomatic, economic, and military pressure that Washington can bring to bear on Beijing will put Xi and the Chinese Communist Party (CCP) he leads under enormous strain. Indeed, a prolonged period of strategic confrontation with the United States, such as the […]
The coronavirus outbreak has thrown 10 million Americans out of work in just two weeks in the swiftest, most stunning collapse the U.S. job market has ever witnessed, even as the public health crisis deepens in New York City, where a funeral home in a hard-hit neighbourhood had 185 bodies stacked up — more than […]
India will pull out of a three-week lockdown in phases, Prime Minister Narendra Modi said, as officials battle to contain the country’s biggest cluster of coronavirus infections in the capital, New Delhi. The shutdown, which has brought Asia’s third-largest economy to a shuddering halt, had been due to end on April 14. Read Here – […]
The Trump administration is far more likely to continue to soldier on, pushing back wherever China impinges on U.S interests and responsibilities in the economic, political, military and diplomatic spheres, until China stops and respects the equities of America and its allies. But that doesn’t mean just business as usual. Expect the U.S. to double down […]
The United States is the battle-tested survivor of 12 recessions and a Great Depression over the last century. China has not suffered a recession since its economic boom began four decades ago, and its leaders now respond to any hint of a downturn by pumping more debt into the economy. Read Here – Foreign Affairs
While much of Washington engages in a fierce debate about whether Trump’s declared hope of getting America “back to work” by Easter is foolish or a prudent risk, a potentially weightier issue remains unaddressed: what’s going to happen to our country after this initial wave washes over later this summer? If we don’t start—right now—to […]
China has rolled out new measures to support its economy from the coronavirus pandemic, including an additional central bank credit line of 1 trillion yuan (US$14 billion) to small lenders. The initiatives announced at a cabinet meeting on Tuesday ranged from new bond quotas for local authorities to income support for poor Chinese. Read Here […]
India’s prime minister has asked for his country’s forgiveness after imposing a sweeping lockdown that he said had hurt millions of poor people. Criticism has mounted over the lack of planning ahead of the coronavirus shutdown, which was introduced with less than four hours’ notice. Many of India’s 1.3 billion citizens have been left jobless and hungry. Tens […]
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