US 2016 Election Is a Global Risk

US 2016 Election Is a Global Risk

photo: PID As America is struggling amid a historical protest election, the political risk could undermine US economic rebound and the lingering global economic recovery. Europe will be least immune to spillovers, says Dan Steinbock. Currently, the leading Democratic presidential candidates, former Secretary of State Hillary Clinton and Vermont Senator Bernie Sanders, are approaching the […]

Promises of Corporate Tax Reform are Forgotten as Obama Wages War on Inversions

Promises of Corporate Tax Reform are Forgotten as Obama Wages War on Inversions

photo: London Summit The Obama administration has taken off the gloves in its war on runaway corporations. On April 4, the Treasury released a new set of rules designed to curb “inversions,” a strategy in which a US company cuts its corporate tax burden by merging with a foreign company and moving its official tax residence […]

Trump v. Cruz — An Open & Closed Case?

Trump v. Cruz — An Open & Closed Case?

[Map source: MotherJones.com] Take a look at the map above of the race for the Republican presidential nomination. If you glance quickly, you might wonder: What is it about the culture of the Southeast that attracts voters to Donald Trump — while Midwestern voters are more attracted to Ted Cruz? In this case, however, regional cultural differences may not be the […]

America’s 2016 Election Risk, China and Asia

America’s 2016 Election Risk, China and Asia

photo: Michael Vadon and Keith Kissel Whether Hillary Clinton, Donald Trump or somebody else takes the White House, pragmatism is likely to be the eventual winner. Dan Steinbock looks ahead to how an American presidency led by either of the two leading contenders will deal with China and Asia, including on matters of trade and geopolitics. In the […]

Conflicting Numbers in Today’s Jobs Report

Conflicting Numbers in Today’s Jobs Report

Nonfarm payrolls surged today — up 242,000 in February — while the unemployment rate remained unchanged at 4.9 percent. The total number of nonfarm jobs reached its highest level ever — about 144 million jobs in total. Additionally, as job creation increased, the civilian labor force participation rate expanded 0.4%.  December and January NFP numbers were revised upward to reflect […]

Why Sanders Healthcare Plan Is on the Right Track

Why Sanders Healthcare Plan Is on the Right Track

photo: Phil Roeder Presidential candidate Bernie Sanders has reopened the healthcare debate by urging America to adopt a system more like that of other wealthy countries. “The United States is the only major country on earth that doesn’t guarantee health care to all people,” he says, “And we end up spending far, far more per capita on […]

Sanders, Socialism, and Garry Kasparov

Sanders, Socialism, and Garry Kasparov

photo: DonkeyHotey Bernie Sanders posts often go viral on Facebook — though not always in the way the Vermont senator might hope. Earlier this week, Russian chess legend and political activist Garry Kasparov posted the following analysis of Bernie Sanders’s campaign and political platform on his Facebook account: I’m enjoying the irony of American Sanders supporters lecturing me, a former Soviet citizen, […]

US, China and Ultra-Low Oil Prices

US, China and Ultra-Low Oil Prices

photo: Michael Elleray The US-led petrodollar era is being surpassed by a multipolar oil age in the Middle East. The transition is permeated by fundamental change and financial speculation that is penalizing the roles of the US and China in the region.    As producers have scrambled to gain market share from competitors, prices remain more […]