Last year was nothing less than eventful in Washington. In 2022, policymakers enacted several significant policy changes in areas from green energy subsidies and prescription drug savings to new veterans benefits and funding the government for fiscal years 2022 and 2023, among other priorities. Meanwhile, inflation was at a 40-year high pace as economic growth
Photo: Harvesters collect wheat on a field in Krasnodar region, southern Russia With much fanfare, ship after ship loaded with grain has sailed from Ukraine after being stuck in the country’s Black Sea ports for nearly six months. More quietly, a parallel wartime deal met Moscow’s demands to clear the way for its wheat to
When President Joe Biden says something isn’t inevitable, it is time to count on it as a deadlock guarantee. The president’s handling of events has been poor and the same with his policies. But nothing has been quite as bad as his snakebit, maladroit, poorly informed, dishonest attempts to spin away the miserable results of
Any economic historian of the 20th century will understand the terrible impact inflation can have on an economy. Where it’s too high, it will destabilize consumer confidence, reducing spending in an economy. This means less growth, more unemployment, and higher poverty. Given the huge increases in the supply of money to help sustain the economy throughout the
Mexico’s pandemic-hit economy shrank 8.5% in 2020, the largest single-year drop since 1932 and the second consecutive year of economic contraction. Mexico’s gross domestic product grew 3.1% in the final three months of the year, according to preliminary data released Friday by the National Statistics and Geography Institute. Growth in the second half of 2020
News broke on Thursday that real GDP grew at an annualized rate of 33.1% in the third quarter of 2020—beating expectations and setting an all-time record. This jump in GDP is nearly double the previous record set 70 years ago. Thanks to President Trump’s policies, the American economy is weathering the global pandemic better than any other
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