In The News

Edward Gresser December 6, 2007
With lifelong loyalty to a single company no longer the norm, fewer US businesses provide insurance and pensions for their laborers. At the same time, more firms replace US jobs with computers or low-cost labor abroad. As a result, Americans are anxious about jobs – and who will pick up the costs for their health care and retirement. In this context, candidates for US president on the right and...
Marc Gunther December 4, 2007
By acting quickly, the US could cap greenhouse gas emissions with little sacrifice. Businesses and consumers must shift to using energy-efficient and pollution-reducing measures, suggests Marc Gunther for Fortune magazine, while alternative energy sources and innovation would also contribute to reductions. The strategy will work only if the society puts in a collective effort, according to the...
Gretchen Morgenson December 4, 2007
Homebuyers in the US borrowed money, some with adjustable-rate mortgages that offered low payments early in the loan’s term. Mortgage companies and banks packaged these loans into huge pools and resold the securities to global investors eager to cash in on the higher payments promised during the later years of the loans. With the loans secured by people’s homes, investors assumed the deals...
Barack Obama December 1, 2007
Barack Obama, the presumptive Democratic presidential nominee, argues that US foreign policy must be reformed if America’s international power is to be revitalized. Obama, who has pledged to withdraw US troops from Iraq, laments that the Iraq War damaged some international relationships that secured both US power and global stability in the post-World War II era. Now, he argues, the US must...
Peter S. Goodman November 30, 2007
The US economy relied heavily on its consumers’ willingness to borrow heavily to meet their wants, even as debt mounts. But the recent economic slowdown has dampened the spending spree. Hints of renewed thriftiness in the US contribute to global unease, and pessimists warn of a severe recession, with a plummeting stock market, escalating unemployment and declining value in the dollar. On the...
Joel Millman November 28, 2007
Mexico struggles to compete with low labor costs of Asian manufacturers, but has established a niche in manufacturing aerospace equipment because of location. Massive items that entail expensive transportation fees used to be manufactured in distant countries with highly skilled work forces, like Japan and Taiwan. But the Mexican government has invested in training programs for aerospace workers...
Steven R. Weisman November 28, 2007
China announced a policy requiring rigid safety inspections of medical, software and other high-tech devices that enter Chinese ports. The policy, announced in June, will not apply to Chinese manufacturers and follows a pattern of protecting domestic industries, reports Steven R. Weisman for the New York Times. Some analysts suggest the policy could represent retaliation for intense publicity in...