"American Progress," painting by John Gast, 1872. The merchandise trade deficit reached a record $840 billion in 2008 before shrinking to $506 billion in 2009, and ramping back up to $630 billion in 2010. The global economic downturn, the subprime mortgage crisis, investment bank failures, ...
by Xinhua writers Deng Xianlai, Xu Yuan WASHINGTON, March 29 (Xinhua) -- The trade war with China "has been a negative for America," as it's a politically motivated and disruptive policy never achieving Washington's goal of eliminating trade deficit, said a Yale University scholar. "I've...
More important, however, is that foreign ownership of our assets will grow at about $500 billion per year at the present trade-deficit level, which means that the deficit will be adding about one percentage point annually to foreigners' net ownership of our national wealth. As that ownership ...
Investing in Quality Education Is a Global Business Imperative Business leaders can play a role in shaping education outcomes across the globe. In fact, the United Nations made it a global business imperative. By Virgil Parker Giving Americans a Second Chance to Reach Their Potential ...
in an economy where consumption-driven growth remains buoyant. The independent Committee for a Responsible Federal Budget estimated that Trump’s total tax cut proposals, offset by higher import tariffs and other revenue raising measures, could raise the US budget deficit by USD 7.75tn over 10 ...
America's Record Trade Deficit: A Symbol of Economic Strength" by Daniel T. Griswold (no. 12, February 9, 2001)Griswold, Daniel T. (2001), "America's Record Trade Deficit. A Symbol of Economic Strength", Trade Policy Analysis, 12, pp. 1-19....
a written commitment with no fine print. This year's election offers the chance, after four decades of one-party control, to bring to the House a new majority that will transform the way Congress works. That historic change would be the end of government that is too big, too intrusive, ...
The budget for the Department of Defense of US in FY 2023 is over$770 billion,which took more than half of the total deficit of FY 2022.In terms of military deployment globally,as of 2021,the US has installed about 750 military bases in around 80 foreign countries.The steps of building ...
Here’s where the debate over the deficit comes in. If the federal budget were organized sanely, it would be divided into three parts: (1) Past obligations, (2) Current needs, (3) Future investments. Past obligations reflect payments Americans have made over the course of their lives in ...
Letters in response to this article: A simple-to-implement plan to cut the trade deficit / From George Hoguet, Chief Executive, Chesham Investments, Brookline, MA, US Tariffs are a blunt instrument, not a painless panacea / From Charles J Skuba, Emeritus Professor of the Practice, Georgetown...