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Bannon Apologizes for Role in Book Critical of White House

Bannon Apologizes for Role in Book Critical of White House

Former Trump senior strategist Stephen Bannon apologized for his role in a new book critical of the Trump administration as senior White House officials sharpened the White House’s attack on it.

Published 1 week ago

Hospitals Wrestle With Shortage of IV Bags, Linked to Hurricane

Hospitals Wrestle With Shortage of IV Bags, Linked to Hurricane

The U.S. is facing a nationwide shortage of intravenous bags because of production woes linked to the Puerto Rico hurricane, forcing many hospitals to use more time-consuming ways to administer drugs.

Published 1 week ago

Economists Stick With Long View for Slower U.S. Growth Despite Recent Uptick

Economists Stick With Long View for Slower U.S. Growth Despite Recent Uptick

U.S. economic growth picked up last year and could continue into 2018, but economists who study the long-run outlook aren’t budging much from their projections that output growth will remain far slower than its historical average in the years ahead.

Published 1 week ago

Amazon’s Alexa to Meet Google’s Assistant in a Las Vegas Showdown

Amazon’s Alexa to Meet Google’s Assistant in a Las Vegas Showdown

Amazon.com Inc. and Google are going to the big CES dance this week, looking to find love for their voice-operated platforms.

Published 1 week ago

Airbus woos China with A380 industrial partnership offer

Airbus woos China with A380 industrial partnership offer

European manufacturer battles to boost orders for passenger jet with Chinese airlines

Published 1 second ago

Can secular stagnation morph into secular expansion?

Can secular stagnation morph into secular expansion?

In the last few years, it has become widely accepted that the global economy has been mired in a depressed condition that Lawrence Summers has called secular stagnation. Although this term was widely deemed to be too pessimistic when Summers first used it in 2013, it soon gained traction among central bankers, whether or not they chose to admit it. The equilibrium real interest rate, r*, was revised downwards almost everywhere. As a result, policy rates were held “lower for longer”, and global central bank balance sheets continued to expand rapidly.

Published 1 second ago

Dozens Missing After Iranian Tanker and Chinese Freighter Collide

Dozens Missing After Iranian Tanker and Chinese Freighter Collide

An Iranian oil tanker collided with a bulk freighter and caught fire off China’s eastern coast, leaving 32 crew members missing, most of them Iranians, authorities said.

Published 1 week ago

Mike Duggan: how I halted Detroit’s decline

Mike Duggan: how I halted Detroit’s decline

The city’s infrastructure is working again, and it is bidding to host Amazon’s HQ

Published 1 second ago

Three trends to move markets in 2018

Three trends to move markets in 2018

Wages and corporate spending among the topics to watch in business and economics

Published 1 second ago

Somalia calls for accelerated debt relief to fight terrorism

Somalia calls for accelerated debt relief to fight terrorism

$4bn arrears make it almost impossible for Mogadishu to access new funds

Published 1 second ago

Refugee Admissions to U.S. Off to Slow Start in Fiscal Year 2018

Refugee Admissions to U.S. Off to Slow Start in Fiscal Year 2018

About 5,000 refugees were allowed into the U.S. in the first three months of fiscal year 2018, far below similar periods in recent years, as the Trump administration implemented tougher screening and all but halted admissions from parts of the world that generate large numbers of refugees.

Published 1 week ago

Amak Mahmoodian on women’s identity in Iran

Amak Mahmoodian on women’s identity in Iran

‘From my experience as an “insider”, women are at the margins of Iranian society’

Published 1 second ago

Merkel upbeat over German coalition talks

Merkel upbeat over German coalition talks

Chancellor confident of success as two main blocs meet to seek common ground

Published 1 second ago

Iranian Protesters Burn Identification Cards After Security Crackdown on Streets

Iranian Protesters Burn Identification Cards After Security Crackdown on Streets

Iranians protesting the Islamic government system have taken to burning identification cards and other government-issued documents to express their rejection of the country’s ruling system, following a security crackdown that has stifled unrest on the street.

Published 1 week ago