Commentary America’s recent moves to decouple its economy from China seem to have found a mirror in Taiwan. It is not that Taipei’s official policy has embraced Washington’s increasingly hostile line toward Beijing. On the contrary, Taipei seems to have held to a carefully balanced diplomatic line. Instead, it is Taiwanese business that, following its…
Taiwan Is Also Decoupling From China
April 25, 2023
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Business & MarketsBusiness Columnistsde-couplingglobal factoryOpinionTaiwanTaiwanese businessThinking About China
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‘Buy Now, Pay Later’ Apps Contributing to Higher US Debt
Commentary With any looming recession, household debt is one of the clearest indicators of its severity. Unlike the 2008 crisis, household debt is mostly manageable this time, but the picture worsens as inflation remains high. A burgeoning but often overlooked source of household debt resides in “buy now, pay later” (BNPL) apps. These apps fall…
ANALYSIS: Debt Ceiling Is High Stakes, and a GOP Opportunity
April 25, 2023
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118th CongressBusiness & MarketsBusiness Columnistsdebt ceilingDemocratseconomic policieseconomyGOP - RepublicansPoliticsRepublicansU.S. politicsUS
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House Speaker Kevin McCarthy has thrown down the gauntlet at President Joe Biden and the Democrats over the debt ceiling. McCarthy has said he will extend the debt ceiling through May 2024, to $32.9 trillion, but only if the president and Congressional Democrats agree to: return roughly $50 to $60 billion of unspent COVID-19 funding…
The Growing Consumer Revolt Against Woke Ideology
April 24, 2023
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Alissa HeinerscheidAnheuser BuschBud LightBusiness & MarketsBusiness ColumnistsdeiESGinflationOpinionrecessionTikToktransgendertransgenderismU.S. economyViewpointswoke ideology
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Commentary It’s likely true: no executives at Anheuser-Busch knew what the Bud Light marketing people were planning when they decided to deploy an absurdist and deeply offensive transgender TikTok influencer to sell their beer. But soon after it happened, public disgust became rather obvious. The crisis began but for weeks, the company was in denial….
Now It’s Housing Again
April 21, 2023
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AnalysisBusiness & MarketsBusiness Columnistsfinancial crisishousing marketinflationinterest ratesmortgage loansOpinionreal estateU.S. economy
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Commentary Fifteen years ago, the entire housing sector sunk from its highs. Because so much debt is involved in this market, carried by banks but then bundled without regard to risk and resold in financial markets, this turn of events precipitated a financial crisis that spread around the world. Government and central banks undertook unprecedented…
Why Isn’t Big Tech Demonized for Polluting?
Commentary When it comes to evil, profit-greedy polluters, the left and its allies in the establishment media have you conditioned to think reflexively of Big Oil. But as your ears burn from hearing the screams about the burning of fossil fuels sacrificing humanity on the altar of corporate avarice, you might be surprised to discover…
A Boom in US Manufacturing?
Commentary As American firms rethink their sourcing in China, some, it seems, have decided to bring their operations home. In 2022 and so far this year, investment in domestic U.S. manufacturing has risen smartly. Some of this spending aims to take advantage of federal largess, subsidies, and tax advantages for domestic chip making, electric vehicles…
Minimum Wage and the Fed’s Big Fear
How does the minimum wage affect the Federal Reserve’s biggest fear? I touched on this subject previously as the Fed began its rate-hiking campaign. However, while the issue of the millions of people who aren’t paid a “living wage” for work makes headlines, the actual numbers are fairly underwhelming. As of the end of 2021,…
New Biden CAFE Standards May Be an Existential Threat to US Automakers
Earlier this month, the Biden administration issued revised Corporate Average Fuel Economy (CAFE) standards that dictate fuel mileage standards for passenger cars and light trucks in the United States. The new CAFE standards require 49 miles per gallon (mpg) on U.S. vehicles by model year 2026. In making the announcement, U.S. Transportation Secretary Pete Buttigieg said,…
Don’t Confuse Cycle With Trend
April 20, 2023
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Business & MarketsBusiness ColumnistsChinaHong KonginflationOpinionrecessionThe International Monetary Fund (IMF)US economyViewpoints
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Commentary Since the fadeout of the first round of the banking crisis, the market has calmed down as if nothing had happened. Recession probability edged up, but most believe advanced economies would be in more trouble than emerging economies. This has also been the standard tone of international organizations like the International Monetary Fund (IMF)….
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