Gina Raimondo, U.S. Secretary of Commerce, pushed for CHIPS Act funding for semiconductor plants to be tied to plans from CEOs to provide employees access to child-care services. Raimondo said at CNBC’s inaugural Changemakers Summit on Thursday in New York that any person, politician, CEO or otherwise, who says child-care policy is social policy is
David Rubenstein, Carlyle Group co-founder and co-chair On U.S. debt: “When I left the White House under President Carter, we had about $800 billion of debt. We now have roughly 35 trillion, and nobody seems to be worried about that much; in part because people are willing to buy our Treasury bills; at some point
The climate crisis will shrink the average global income 19% in the next 26 years compared to what it would have been without global heating caused primarily by the burning of fossil fuels, a study published in Nature Wednesday has found. The researchers, from the Potsdam Institute for Climate Impact Research (PIK), said that economic
The GWI, in partnership with National Academy of Sports Medicine, has released new data on all 11 US wellness sectors The US wellness economy is now worth US$1.8 trillion – making it the largest wellness economy in the world, according to the GWI Its highest-achieving sectors are Physical Activity, Personal Care & Beauty, Healthy Eating
The head of the International Monetary Fund warned the US that the global economy is closely watching interest rates and industrial policies given the potential spillovers from the world’s biggest economy and reserve currency. “All eyes are on the US,” Kristalina Georgieva said in an interview. The two biggest issues, she said, are “what is
What are the stories that we need to tell to better understand our economy, and lay the groundwork for building a more inclusive, democratic world? Storytelling—the construction of spoken or written accounts of a series of events that we tell each other to understand our world—offers critical tools to build movements, upend myths that
More than 960 million Indians will head to the polls in the world’s biggest election between April 19 and early June. The ruling Bharatiya Janata Party (BJP), which is led by Prime Minister Narendra Modi, is seeking a third term in office. And the polls suggest it will achieve this objective. If one was to
Nigeria’s economy, which ranked as Africa’s largest in 2022, is set to slip to fourth place this year and Egypt, which held the top position in 2023, is projected to fall to second behind South Africa after a series of currency devaluations, International Monetary Fund forecasts show. The IMF’s World Economic Outlook estimates Nigeria’s gross
Chapter 3: Trade Patterns amid Shocks and a Changing Geoeconomic Landscape The trade landscape is changing within the Caucasus and Central Asia and the Middle East and North Africa regions amid heightened global trade barriers and shocks. Since 2022, increased transit trade and trade diversion have led to a notable increase in overall trade activity
Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email The US is powering ahead of its European allies in the economic recovery after the pandemic. Murder rates plummeted last year. But if you ask Americans about the economy and crime,