How Donald Trump's ego and economic ignorance could tip Australia into recession | Business

How Donald Trump’s ego and economic ignorance could tip Australia into recession | Business

Australia’s economy has long been linked with that of the United States. While we are now much more dependent upon China, the increasing heated trade war between those two nations is a great danger to not only our economy growth, but also the projections for budget surpluses so desired by the Morrison government. On 2 […]

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Yes, contemporary capitalism can be compatible with liberal democracy | William Arthur Galston | Opinion

Yes, contemporary capitalism can be compatible with liberal democracy | William Arthur Galston | Opinion

Is contemporary capitalism compatible with liberal democracy? The glib answer, though not wrong, is that it had better be. There are no known examples of fully socialized economies with a liberal democratic regime. The more considered answer is that it can be, but only with the public policies that make it so. The relationship between […]

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Trade war fears swirl as Trump vows to 'take China on' –- business live | Business

Trade war fears swirl as Trump vows to ‘take China on’ –- business live | Business

President Donald Trump speaking during a meeting with Romanian President Klaus Iohannis in the Oval Office of the White House. Photograph: Alex Brandon/AP Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Hopes of an early resolution to the trade war raging between Washington and […]

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World stocks rally as Trump steps up pressure on Fed to cut rates | Business

World stocks rally as Trump steps up pressure on Fed to cut rates | Business

Stock markets have been boosted by the growing prospect of more stimulus measures by central banks and governments across the world as Donald Trump heaped more pressure on the Federal Reserve to slash interest rates. Despite his claims that the US economy was doing “tremednously well”, the US president stepped up his campaign to force […]

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Is US capitalism really abandoning the 'greed is good' mantra? | Larry Elliott | Business

Is US capitalism really abandoning the ‘greed is good’ mantra? | Larry Elliott | Business

Milton Friedman will be spinning in his grave at the heresy perpetrated by the US Business Roundtable. For the thick end of five decades US capitalism has been run along Friedmanite lines – namely that businesses are there to make money for their shareholders. No charitable giving, no diversity awareness. No green audits. Just making […]

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Why does Donald Trump want to buy Greenland? | US news

Why does Donald Trump want to buy Greenland? | US news

Greenland, and more specifically its purchase by the US, is being actively discussed in Donald Trump’s Oval Office. But what exactly is it that makes one of the world’s most desolate places such an attractive proposition? For the president, it is the real estate deal of a lifetime, one that would secure a land mass […]

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Trump lashes out at former top aide, calling him a 'nut job' – live | Business

Trump lashes out at former top aide, calling him a ‘nut job’ – live | Business

That’s up from 25% in a survey taken in February. Only 2% of those polled expect a recession to begin this year, while 38% predict that it will occur in 2020. […] The economists have previously expressed concern that Trump’s tariffs and higher budget deficits could eventually dampen the economy. The Trump administration has imposed […]

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'Strong economy through 2020': Trump advisers insist recession is not coming | Business

‘Strong economy through 2020’: Trump advisers insist recession is not coming | Business

Donald Trump’s chief trade advisers insisted on Sunday the US is not facing a recession which markets appear to fear and which could cost the president dearly at the polls next year. Speaking to ABC’s This Week, White House trade adviser Peter Navarro defended US policy, predicted a “strong economy through 2020” and disputed the […]

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G7 leaders need some clear-the-air talks rather than fake smiles | Larry Elliott | Business

G7 leaders need some clear-the-air talks rather than fake smiles | Larry Elliott | Business

Back in 1975 the French president Valéry Giscard D’Estaing had a brainwave. The great powers of the west were reeling from their first post-war recession, which had led to both higher unemployment and rising inflation. America had just suffered the twin blows of Watergate and defeat in the Vietnam war. Giscard thought it would be […]

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A trade deal with Trump will change Britain for the worse | Business

A trade deal with Trump will change Britain for the worse | Business

A trade deal with the US would be a defining moment for the UK. It is not an exaggeration to say it would reveal the country’s direction of travel more than any other decision in the aftermath of Britain quitting the European Union. Amid the confusing array of government pledges – more police and more […]

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