They are the most valuable corporations in the world: Apple, Google parent Alphabet, Microsoft, Amazon and Facebook. Their market value of a roughly combined $3.4 billion corresponds to Germany’s yearly economic output.
These so-called superstar corporations occupy such a dominant position in their sector that [Read more]
Pressure to prevent a shutdown under Republican leadership is enormous. Failed negotiations may strain not only the economy, but overshadow recent successes with tax reform.
In the United States, where social inequality is already on the rise, this plan is the next step.
The global balance of power is changing at an unprecedented rate; chess pieces advancing in a perplexing brain game, where there are those who want to maintain their position at the top as indisputably first, as well as those deliberately changing the scene via the two variables in the eternal equation for power – [Read more]
The world’s still most powerful central bank is getting a new board chair. On Thursday, President Donald Trump nominated Jerome (Jay) Powell as head of the Federal Reserve Board, the regulatory body of the U.S. central bank. In doing so, Trump is breaking with the custom of awarding a Federal Reserve board chair at [Read more]
According to decades of unwritten rules, the Fed Chair plays a pivotal role in determining monetary policy or specific measures for overcoming crises.
Recently, President Trump formally signed a bill imposing sanctions on Russia, putting an end to a discussion that had lasted for several days. No matter the extent to which Trump did it because he had no other alternative or the extent to which Russia would be disappointed, the decision to carry out a new round of [Read more]
Trump's strategy is ... likely to lead to a further polarization of the income distribution and wealth in the United States over the long term.