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America Has No Will To Help Its Middle Class, Says Economist Richard Baldwin: So Politicians 'Find A Convenient Scapegoat — Globalization'
Wednesday, July 2, 2025 - 4:59am | 526The United States’ growing turn toward protectionism isn't just about trade deficits or manufacturing jobs – instead, it's about political avoidance, says economist Richard Baldwin. What Happened: On Tuesday, while speaking on The Big View podcast by Reuters, Baldwin argued that America...
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Trump's Tariffs In Court, Summers' Stark Warning, US-China Stalemate, And Wood's Reaganomics Comparison: This Week In Economics
Sunday, June 1, 2025 - 7:22am | 551The past week has been a whirlwind of economic and political news. From a second federal judge blocking President Donald Trump’s emergency tariff powers to former Treasury Secretary Larry Summers issuing a stark warning about America’s fiscal trajectory, the headlines have been filled...
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Cathie Wood Calls Trump Policy 'Reaganomics On Steroids' As Treasury Secretary Says US Can Grow Its Way Out Of Debt
Monday, May 26, 2025 - 12:11am | 580ARK Invest founder Cathie Wood endorsed the President Donald Trump administration’s economic policies Sunday, comparing them to “Reaganomics on steroids” as Treasury Secretary Scott Bessent defended the government’s ability to outgrow mounting debt obligations. What Happened...
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Oil And Gas Executives Rebuke Trump's 'Drill, Baby, Drill' Agenda: 'We Want More Stability'
Thursday, March 27, 2025 - 2:35pm | 434President Donald Trump centered his 2024 election campaign on bringing down prices after a prolonged period of inflation. In particular, Trump called for greater domestic drilling, even as the Biden Administration accelerated domestic energy independence. Now that Trump is in office, energy...
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Ronald Reagan Warned That Tariffs Destroy Prosperity — Trump Is Doubling Them Anyway, And Now US Tech Giants Like Apple And Nvidia Are Bracing For Impact
Wednesday, March 12, 2025 - 4:03am | 1017Former President Ronald Reagan once cautioned, "High tariffs inevitably lead to retaliation… and less and less competition," but Donald Trump is pushing forward with steep trade barriers anyway, and U.S. tech companies could be among the hardest hit. What Happened: In his April 1987 radio...
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Trump's Economic Gambit Sparks Fierce Debate As Cathie Wood Sees A Reagan-Style Boom, Obama Adviser Calls Musk's Role A 'Performance Art'
Wednesday, February 26, 2025 - 6:36am | 873Prominent economists and market experts are offering sharply contrasting perspectives on the potential economic impact of Elon Musk‘s role in the Department of Government Efficiency (DOGE), highlighting broader debates about the Donald Trump administration’s fiscal policies. What...
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Reagan's Sugar Quotas, Trump's Tariffs, And The Price Of Protectionism: Here's Why Coke And Pepsi In US Have High Fructose Corn Syrup Instead Of Sugar
Thursday, February 13, 2025 - 9:25am | 857The reason U.S. soft drinks primarily use high fructose corn syrup instead of sugar dates back to a trade barrier imposed by former President Ronald Reagan in the 1980s. This policy echoes in today’s trade landscape, where President Donald Trump‘s tariffs continue to shape global policy...
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Jimmy Carter's Complex Economic Legacy: High Inflation, But Effective, Hawkish Fed Under Volcker
Monday, December 30, 2024 - 6:13pm | 606President Jimmy Carter, who died at his home on Sunday at age 100, brought a political outsider status to Washington, D.C. during a period of immense distrust in government. There was the Watergate scandal, high inflation, mass protests due to the Vietnam War, high government spending and loose...
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Will Markets Be Closed For Former President Jimmy Carter's Funeral? Here's What Investors Should Know
Monday, December 30, 2024 - 3:32am | 575Following President Joe Biden‘s declaration of a “National Day of Mourning” on Thursday, Jan. 9, 2025, in honor of former President Jimmy Carter, U.S. stock markets may also remain closed that day. What Happened: Jimmy Carter served as the 39th president of the U.S. from 1977 to...
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Cathie Wood Predicts Trump's White House Return Will Ignite Reagan-Era Economic Boom Through Deregulation And Tax Cuts: 'Likely To Turbocharge The US Economy'
Monday, November 11, 2024 - 3:38am | 713Cathie Wood, founder and CEO of ARK Investment Management LLC, predicts President-elect Donald Trump‘s return to the White House will trigger significant economic growth through deregulation and tax cuts, drawing parallels to the economic transformation during former President Ronald Reagan...
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Trump Shooting Recalls Memories Of Reagan Assassination Attempt: Here's How Markets React To Political Violence
Monday, July 15, 2024 - 1:21pm | 1110An assassination attempt on former President Donald Trump on July 13, 2024, is a leading headline for the stock markets to open the week and comes ahead of the 2024 presidential election. Here's a look back at how stock markets react to assassination attempts and deaths of former presidents and...
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Bitcoin Bull Mike Novogratz Brings Up Reagan Amid Question Mark Hanging Over Biden's Candidacy: 'Power Is A Strange Drug'
Thursday, July 4, 2024 - 11:06pm | 594Mike Novogratz, CEO of Galaxy Digital, shared his take on the cognitive decline of former President Ronald Reagan during his second term, seemingly comparing it with ongoing concerns over President Joe Biden’s condition, What Happened: On Independence Day, Novogratz took to X, formerly...
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Supreme Court Overturns Chevron Ruling: Biden Administration Warns Of 'Convulsive Shock'
Friday, June 28, 2024 - 1:24pm | 493The U.S. Supreme Court has overturned a 40-year-old decision that gave the executive branch the power to rule on laws passed by Congress that were unclear. The decision, known as the Chevron doctrine, stems from a unanimous Supreme Court case involving the energy company in an argument over the...
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Paul Krugman Schools Americans 'Righteously Angry' About Soaring Costs: Biden's Price Levels Mirror Reagan's Inflation Triumph
Tuesday, May 28, 2024 - 2:49am | 639President Joe Biden’s poll prospects have been stymied by public perception of elevated inflation and a sluggish economy despite the numbers telling an altogether different story. Nobel laureate and economist Paul Krugman on Monday weighed in on this conundrum. What Happened: Krugman shared...
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Donald Trump's Daughter-in-Law Lara Trump Takes Center Stage In RNC Leadership Shift
Saturday, March 9, 2024 - 12:44pm | 665The Republican National Committee, or RNC, witnessed a significant shift in leadership dynamics as Lara Trump, the daughter-in-law of former President Donald Trump, assumed a key role within the organization. This move comes amidst a debate among RNC members regarding the organization’s...