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August 22, 2024

Elections and Voting
The 2024 U.S. Presidential Nominations

James M. Lindsay, senior vice president, director of studies, and Maurice R. Greenberg chair at CFR, discusses the party nomination and electoral process in U.S. presidential elections and the foreig…

Play stage

August 15, 2024

Monetary Policy
What Is the U.S. Federal Reserve?

Over the past decade, the Fed kept interest rates low while it deployed trillions of dollars in stimulus and expanded its regulatory oversight. Now, the central bank is back in the spotlight for its …

A stone bald eagle perches on the Federal Reserve building in Washington, DC.

August 14, 2024

China
China’s Imaginary Trade Data

China has a new way of calculating its good surplus in its formal balance of payments data. It is a deeply misleading. It also explains the apparent fall in the current account account surplus.

China’s Imaginary Trade Data

August 13, 2024

Economics
What to Do About the Liquidity Difficulties in Low-Income Countries

The IMF, while recognizing the liquidity challenges sure to be faced by several indebted countries in the coming years, needs to offer a solution that both widens its scope and deepens its analysis.

What to Do About the Liquidity Difficulties in Low-Income Countries

July 28, 2024

Economics
The Spotty International Tax Record of Big U.S. Technology Companies

Many big technology firms continue to book large offshore profits in low tax jurisdictions, particularly Ireland and Singapore.

The Spotty International Tax Record of Big U.S. Technology Companies

July 26, 2024

United States
Election 2024: Kamala Harris Is the Democratic Presidential Nominee

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: Kamala Harris is seeking to become the first sitting vice president since George H. W. Bush to be e…

Kamala Harris Campaign Event

July 25, 2024

Daily News Brief

July 22, 2024

Economics
American Pharmaceutical Companies Aren’t Paying Any Tax in the United States

The Tax Cuts and Jobs Act (TCJA) has substantially reduced the domestic tax paid by American pharmaceutical giants. 

American Pharmaceutical Companies Aren’t Paying Any Tax in the United States

July 20, 2024

Olympics
The Economics of Hosting the Olympic Games

The costs of hosting the Olympics have skyrocketed, while the economic benefits are far from clear. The 2024 Paris Olympics could be a test of whether reforms to the process have made hosting a bette…

Workers install the multicolored Olympic rings between the steel beams of the Eiffel tower.

July 16, 2024

Election 2024
Meet JD Vance, Republican Vice-Presidential Candidate

The Ohio senator is Donald Trump’s choice as his running mate for the 2024 presidential election.

JD Vance at the Republican National Convention