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March 12, 2015

Brazil
Why Is Walmart Raising Wages?

On February 19, Walmart announced that it was raising its minimum starting wage to $9 an hour.  Since Walmart is famous for its ruthless cost management, this appeared to be a significant sign of …

Why Is Walmart Raising Wages?

October 1, 2008

Monetary Policy
Fed Balance Sheet Troubles

The U.S. Senate passed Paulson’s $700 billion rescue plan three days after the House rejected it. The House is expected to vote again on Friday. While the political maneuvering continues, the Feder…

Fed Balance Sheet Troubles

June 10, 2022

World Trade Organization (WTO)
What’s Next for the WTO?

President Trump’s decision to levy tariffs on China highlights concern about the ongoing role of the WTO and the future of global trade rules.

WTO Meeting, Geneva Switzerland

January 29, 2009

Budget, Debt, and Deficits
U.S. Recession

As our chart indicates, the U.S. budget deficit is expanding at its fastest rate in the post-war era. Obama’s proposed fiscal stimulus will add to this deficit. This aggressive fiscal response is m…

U.S. Recession

October 30, 2008

Monetary Policy
Fed Balance Sheet

Complementing the IMF’s $100 billion liquidity facility, the Federal Reserve has announced the establishment of swap lines with the central banks of Mexico, Brazil, South Korea, and Singapore for u…

Fed Balance Sheet