Portside

It’s coming, and we know approximately when. The economy contracted by 0.3 percent, and imports have contracted. Tariffs of 145 percent on China are a trade embargo for many sectors. China’s retaliatory measures are an embargo in the other direction.

Latino voters shifted dramatically toward Trump in the last election. Reading, Pennsylvania offers a clue to how Democrats can claw them back. Both campaigns saw Reading as strategically critical and it happens to be nearly 70 percent Latino.

Many in Washington bristled at the public’s failure to register how strong the economy was during the Biden Administration but were they relying on flawed statistics? Unemployment was higher, wages lower, growth less robust than was claimed.

Economists have seriously failed the public in important areas over the last three decades. And these failures played a role in fostering the upward redistribution of income over the last four decades. People have a right to be angry.

Your stock portfolio may grow. But say goodbye to next year’s raise—and maybe even your job. Donald Trump’s election provides a useful occasion to examine the difference between what rich people want and what constitutes a thriving economy.

The Biden administration’s sanctions on Russia didn’t just tank global markets; they also helped Kamala Harris lose the election. The Democrats’ fate was sealed by a Wall Street–fueled commodity frenzy that sent gas prices and grocery bills soaring.

The report highlights how market concentration in key sectors, such as the trading of agriculture commodities, has grown since 2020, deepening the asymmetry between the profits of top multinational enterprises and declining labour share globally.

Reader Comments: 2024 Elections - Public Schools, Action on Corporate Power, High Prices, Inflation; Israel-Gaza: There Is a Way Out of This Mess - Please Take It; Labor Day, Learning About Unions, Public Employees Pay Gap; Remembering Paul Mishler;