JUST a year ago the world was enjoying a synchronised economic acceleration. In 2017 growth rose in every big advanced economy except Britain, and in most emerging ones. Global trade was surging and America booming; China’s slide into deflation had been quelled; even the euro zone was thriving. In 2018 the story is very different.…
Paul Volcker, the former Federal Reserve Chairman credited with taming U.S. inflation nearly four decades ago, gave a rare interview Tuesday to the New York Times in which he expressed his pessimism and concerns about the U.S. government and economy during the Trump administration. “We’re in a hell of a mess in every direction,” Volcker…
A view of the Falcon 9 rocket on Sunday morning, ready for launch. Trevor Mahlmann/Special to Ars And then the fog lifted. Trevor Mahlmann/Special to Ars A zoomed-in view of Landing Zone 4. Trevor Mahlmann/Special to Ars A view of the launch site, right, and landing site (left). Trevor Malhmann/Special to Ars Our photographer on…
Amazon’s recent move to raise the minimum wage of its directly employed and contracted workers to at least $15 an hour led to some employees calculating they would earn less with the elimination of bonuses and stock awards. The company said today it plans to adjust wages and bonuses to ensure those workers don’t receive…
[Read Judge Kavanaugh’s opening statement.] Declaring that it would be “unfair and unethical” for the judge to answer questions about specific cases, Mr. Grassley said: “It’s my advice to him to follow the example set by Judge Ginsburg,” adding that “a nominee should offer no hints, no forecasts, no views.” Senator Dianne Feinstein of California,…
Elon Musk and the Securities and Exchange Commission reached an agreement on fraud charges that were filed on Thursday. Musk gets to keep his job as CEO but must resign within 45 days as chairman for three years, according to a statement released by Saturday by the regulator. He’ll also have to pay a $20…
In the final months of Mr. Trump’s presidential campaign, Russian agents escalated a yearlong effort to hack and harass his Democratic opponents, culminating in the release of thousands of emails stolen from prominent Democrats and party officials. Facebook had said nothing publicly about any problems on its own platform. But in the spring of 2016,…
President Donald Trump in a campaign speech on Wednesday called for national unity following the discovery of explosive devices sent to top Democrats. Shortly after taking stage in Mosinee, Wisconsin, Trump weighed in on the intercepted improvised explosive devices that were sent to the residences of Bill and Hillary Clinton, former President Barack Obama, and…
DETROIT (Reuters) - Major automakers on Tuesday posted a hefty drop in U.S. new vehicle sales for September, caused in part by a decline in sales in areas hit by Hurricane Florence and a tough comparison to the previous September when consumers rushed to replace vehicles damaged by Hurricane Harvey. FILE PHOTO: Cars sit in…
Android’s creator, Andy Rubin, received $90 million from Google to resign without fuss after the company found an accusation of forced oral sex by a former girlfriend and Google employee was credible, the New York Times has reported. Google did not deny the story’s substance to the Times, and its CEO and HR chief told…
