Hatcrik

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Japan Looks Ready to Sustain Gains

Dow Jones Global Indexes | Global Stock Markets<p>Twenty-five years after its stock market bubble burst, Japan’s slow- growth economy still …

The GOP's Tax-Cut Narrative Is Already Unraveling

The law’s role in boosting wages was overblown. Its deficits are scaring investors. And fears that it might accelerate inflation could push the Federal Reserve to choke off growth.<p>The big Republican tax cut isn’t even three months old yet. But it’s already confounding.<p>For months, critics (like me) …

Economics

‘Pure madness’: Dark days inside the White House as Trump shocks and rages

Inside the White House, aides over the past week have described an air of anxiety and volatility — with an uncontrollable commander in chief at its center.<p>These are the darkest days in at least half a year, they say, and they worry just how much further President Trump and his administration may …

Donald Trump

The Danger of Deficits in Boom Times

“Inflation is our friend,” intoned Dan Aykroyd, channeling Jimmy Carter in the early days of Saturday Night Live in 1978.<p>Since there seemed to be no …

The Trump Recession is coming

It may have been Donald Trump’s most conventional move as president. During his holiday break at Mar-a-Lago in Florida, he convened meetings to start planning his reelection campaign.<p>Given the garish accounts in the new book by sometimes-reliable writer Michael Wolff — of Trump’s horror at winning …

Donald Trump

Facebook photos of Oregon refuge occupiers visiting Bundy ranch irks judge

U.S. District Judge Anna J. Brown, as a result, has moved up Ritzheimer's date to surrender to prison, from Feb. 15 to Jan. 12. The judge ordered …

Oregon

Obamacare will survive as Republicans give up on repeal

It won’t be pretty. But the law might really, finally be in the clear.<p>The Affordable Care Act is going to survive.<p>The 2010 health care law has slowly but surely moved out of the line of fire. President Trump barely mentioned it in his State of the Union address Tuesday night. At their annual …

Health Care

Exxon Faces Climate Change

Supertankers take a while to turn. The powerful inertial force of a ship rated at 300,000 tons works mightily against a directional change—at first. …

Byron Wien: What Factors Could Upset Economy?

There is no question that there has been a rise in populism around the world during the last two years and it is continuing. The voters in selected …

Benefits of a U.S. Corporate Tax Cut Outweigh the Costs

A cut in the corporate tax rate and the elimination of addition taxes for U.S. companies repatriating foreign profits will attract capital to the U.S.

China

Post-Peltz, P&G Must Ignite Growth

Wall Street takes its measure in wins and losses. Belts are notched, scores toted up. There are no ties. In that respect, Procter & Gamble …

Trump’s acting like Obamacare is just politics. It’s people’s lives.

Fewer people will have insurance — and the government will spend more.<p>Donald Trump has long predicted the implosion of Obamacare. He just took a huge step to fulfilling his own prophecy.<p>The White House announced late Thursday morning it would cut off a key Obamacare subsidy that makes copayments …

Health Care

“I Hate Everyone in the White House!”: Trump Seethes as Advisers Fear the President Is “Unraveling”

In recent days, I’ve spoken with a half dozen prominent Republicans and Trump advisers, and they all describe a White House in crisis as advisers struggle to contain a president who seems to be increasingly unfocused and consumed by dark moods.<p>At first it sounded like hyperbole, the escalation of a …

Donald Trump

The Hysteria of an Overbought Market

The financial media are now full of commentators calling the market “wildly overbought” and even using the C word—crash. These writers focus on …

The Stock Rally Is on Again

September offers the worst average stock-market performance of any month over the past 40 years. But the key word is “average,” as September looks to …

Why Mueller is drilling into Trump’s role in drafting Don Jr.’s false Russia statement

It could help him get over one of the toughest legal hurdles in proving obstruction.<p>Earlier this year, when reporters were sniffing around Donald Trump Jr.’s now-infamous June 2016 meeting with a Russian attorney, some people inside the Trump camp wanted to come clean: to issue a statement saying …

Donald Trump
Donald Trump

White House threatened with subpoena over draft letter from Trump to Comey

Adam Schiff of the House intelligence committee accuses Trump of being dishonest about his business interests in Russia<p>A leading member of a congressional intelligence committee is threatening to subpoena the White House in order to obtain a draft letter that Donald Trump reportedly wanted to send …

Donald Trump

Oregon refuge occupier Jason Blomgren sentenced to 2 years probation

A federal judge on Monday sentenced an Oregon standoff defendant to two years of probation for his role in the takeover of the Malheur National …

Donald Trump
Donald Trump
Donald Trump

Prepare for Turbulence

“The job of the central bank is to worry.”<p>– Alice Rivlin<p>“The central bank needs to be able to make policy without short-term political concerns.”<p>– …

Federal Reserve

The latest Trump/Russia leaks came from inside the White House

Why three White House advisers might have wanted to leak a fuller account of Donald Trump Jr.’s Russian lawyer meeting.<p>The New York Times had a big scoop Sunday that Donald Trump Jr. took a meeting with a Russian lawyer to try to get dirt on Hillary Clinton. As I wrote yesterday, that article was …

Donald Trump

Comey Says Trump Pressured Him to ‘Lift the Cloud’ of Inquiry

WASHINGTON — From his first days in office, President Trump repeatedly put pressure on his F.B.I. director, James B. Comey. He demanded loyalty. He asked that an investigation into an adviser be dropped. And he implored Mr. Comey to publicly clear his name.<p>As Mr. Comey described Wednesday in …

Donald Trump

Trump, furious and frustrated, gears up to punch back at Comey testimony

Alone in the White House in recent days, President Trump — frustrated and defiant — has been spoiling for a fight, according to his confidants and associates.<p>Glued even more than usual to the cable news shows that blare from the televisions in his private living quarters, or from the 60-inch flat …

Donald Trump

Obama’s CIA chief just offered a Trump-Russia quote for the ages

“People who go along a treasonous path do not know they are on a treasonous path until it is too late.”<p>It’s rare for a single quote to tell you something genuinely new and important about a story as big as the Trump-Russia scandal. There are exceptions — and former CIA Director John Brennan just …

Donald Trump

Conservatives begin to whisper: President Pence

With Trump swamped by self-inflicted scandals, Republicans find solace in the man waiting in the wings.<p>Not since the release of the Access Hollywood tape, in which Donald Trump bragged about groping women by the genitals, have some conservatives thought so seriously, if a bit wistfully, about two …

Donald Trump

Trump must be impeached. Here’s why.

The president’s term has featured controversial executive orders and frequent conflicts with the media.<p>Scenes from the Republican’s beginning months in the White House.<p><i>Laurence H. Tribe is Carl M. Loeb University Professor and Professor of Constitutional Law at Harvard Law School.</i><p>The time has come …

Donald Trump