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Hurricane Harvey, followed so quickly by Irma, left in its wake upended lives and enormous property damage, estimated by some at $150-180 billion. But the pummeling that America received also raises deep questions about its economic system and politics.
identifies key lessons that the destruction of the Texas coast should teach Americans about the role of government.
The G7 countries may have set out to deter China without escalating the new cold war, but the perception in Beijing suggests that they failed to thread the needle at their recent summit in Hiroshima. It is now clear to all that the United States, its allies, and any partners they can recruit are committed to containing China’s rise.
juxtaposes recent developments and current trends with diplomatic happy talk about a “thaw” in tensions.
The US Federal Reserve is adrift, and it has only itself to blame. Regardless of whether its policy-setting committee announces another interest-rate hike in June, its top priority now should be to address the structural weaknesses that led it astray in the first place.
thinks the US central bank's biggest problem is not the economy but rather its own institutional shortcomings.
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