Commentary The “American dream” is dead. That is, if you believe recent surveys which reveal that nearly 50 percent of the younger generation favors socialism over capitalism. To wit: “Since 2010, young adults’ positive ratings of socialism have hovered near 50%, while the rate has been consistently near 34% for Gen Xers and near 30% for…
What’s Driving the Labor Market Mess?
July 22, 2022
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american workforceAnalysisBusiness & MarketsBusiness ColumnistsJobs Marketlabor force participationlabor marketOpinionrecessionU.S. economyunemploymentunemployment benefits
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Commentary A small business owner with whom I was speaking raised an odd point. He has many jobs open right now and advertises them. Many people apply and he clicks through on the online portal to offer interviews. Then something odd happens. He never hears from them. Maybe they took some other position. That’s what…
How This Year’s ‘Crypto Winter’ Will Be Different
Commentary “This time is different” is a dangerous phrase in the world of finance. But for the cryptocurrency market, this time may actually be different. We are in the midst of a “crypto winter,” a term describing a period of very low prices for the nascent digital currencies market. This crypto winter has been especially…
Democrats Should Stop Buying China’s DJI Drones With American Taxpayer Money
July 21, 2022
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Business & MarketsBusiness ColumnistsChinaDJIDroneslobbyistsOpinionThinking About Chinau.s. national security
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Commentary China’s DJI is selling drones to U.S. government agencies, including the FBI and DHS, and paying lobbyists in Washington to keep the flow going. The lobbyists are allegedly obstructing bills in Congress that would ban the practice. Instead of supporting American jobs and protecting American privacy, Democrats in the House of Representatives just stripped…
Europe Is a Mess—and It Will Affect the United States
July 21, 2022
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Business & MarketsBusiness ColumnistsECB - European Central Bankeconomic policieseconomyenergyEuropeInternationalNatural gasrecessionUkraine's WarUSWorld
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Commentary NEW YORK—I can’t recollect in my adult lifetime of 40 years when so many crises are hitting Europe in so many different countries simultaneously while so many governments there are in disarray. Brexit was significant, but it was a singular phenomenon. This concatenation of troubles in Europe risks serious economic and geopolitical consequences not only…
Reclaim Control of Your Digital Life
July 21, 2022
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AnalysisBig TechBusiness & MarketsBusiness Columnistsdigital lifedigital mediainternetnotificationsOpinionprivacy
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Commentary I was visiting with a friend who told me an all-too-familiar story. Her teenage niece adores TikTok. Too much. She spends many hours a day on it. It’s become her secret world, much more influential over her outlook on life than her parents, church, or physical community. It shapes her values and opinions. She…
The State of Banks in China
July 21, 2022
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Business & MarketsBusiness ColumnistsChinaChina Business & EconomyChinese banksCompanieseconomyLoans
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News Analysis The state of banks in China dominates concerns about the economy and global growth. With pictures of angry crowds outside banks and tanks on the street in one city to quell discontent about being unable to withdraw funds, it bears asking what the true state of Chinese banks is. Officially, Chinese banks are…
3 Reasons Chinese Companies Should Be Excluded From ESG
The exposure of environmental, social, and governance (ESG) investors to Russia has already proved something of an (expensive) embarrassment. In hindsight, ESG investors should have held Russia to the same standard as its companies, but it’s not too late to apply that lesson to other countries. While Russia had a modest allocation in emerging-market ESG…
The Political-Economy of Destruction
Commentary “Something feels off,” the outstanding journalist Sharyl Attkisson tweeted this morning. She didn’t elaborate on what she meant. And yet we all share that sense that the wheels are coming off. The progress we once took for granted is in question. There’s too much going wrong at once. We feel powerless to do anything…
We Need More Inequality, Not Less
July 19, 2022
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Business & MarketsBusiness ColumnistseconomyInequalityinflationMarketsOpinionpersonal financeViewpoints
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Commentary We are bombarded regularly with narratives touting the ravaging effects of income inequality in capitalist societies. For many, inequality is the signature economic story of the twentieth century and must be averted at all costs. But inequality is only problematic when it’s the culmination of corrupt policies that grant favors to privileged groups. In reality, market-driven…
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