'Modern Monetary Theory' may be Democrats' economic cure, but only Trump seems to have got the memo
From her home overlooking Setauket Harbor on Long Island's North Shore, a motorboat bobbing at the dock, Stephanie Kelton hopes to revolutionize how the U.S. government manages the economy. It isn't always a pleasant task. A key figure in the "Modern Monetary Theory" economic camp, her ...
U.S. economy slowed to 2.1% growth in second quarter
The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending. The gross domestic product, the economy's total output of goods and services, grew at a 2.1% annual rate last quarter, down from a 3.1% gain in the first quarter, ...
School issues are No. 1 reason behind youth suicides in 2018, Japanese government white paper finds
Of 568 youth who took their lives last year, 188 were attributed to school-related issues, followed by health problems at 119 and family issues at 116.
Japan's peaceful Heisei Era leaves legacy of change, growth and tragedy
Emperor Akihito's abdication Tuesday will end the three-decade Heisei Era that began on Jan. 8, 1989, a day after he inherited the throne upon the death of his father, Emperor Showa. During his rein, Japan struggled with economic stagnation and was hit by several natural ...
What really caused the global financial crisis?
A new book offers some answers and sensible suggestions to reduce the odds of a future crisis.
Japan government bonds have a cute sales mascot, but there's only one buyer that matters
In the land that gave us Hello Kitty, it's no surprise the government employs an endearing mascot to sell its bonds. His name is Kokusai-sensei. A pint-size rendition of him welcomes visitors to the investor relations office at the Finance Ministry. Pudgy and professorial, ...
North Korea's 'socialist utopia' needs mass labor, but growing market economy threatens model
In January, thousands of North Korean students traveled to Mount Paektu, a sacred site where the ruling family claims its roots and where leader Kim Jong Un is building a massive economic hub in the alpine town of Samjiyon. It is one of the largest ...
Dovish Bank of England has economists scaling back on hike views
The Bank of England's pessimistic view of the U.K. has left economists scrambling to rewrite their expectations for future action. In its Inflation Report on Thursday, the central bank cut its forecast for growth this year to the weakest in a decade and predicted a ...
Japan is back as a top global contender
Japan's newfound globalization marks a success for Abenomics because it has made Japan strong again both at home and abroad.
Real Madrid, Barcelona top list of highest-earning European soccer clubs last season
Real Madrid and Barcelona were the highest-earning clubs in European soccer last season, knocking Manchester United off top spot, according to the latest Deloitte "Football Money League" published on Thursday. Deloitte based its survey of the top 20 earning clubs in Europe on the annual ...
Policymakers must begin preparing for the anticipated downturn, ensuring that they have the tools to respond.
The Japanese economy needs efforts to turn the current boom into a sustained expansion.
