NYT > Economy

    Charles Zwick, Who Balanced Budget Under Johnson, Dies at 91

    Charles Zwick, Who Balanced Budget Under Johnson, Dies at 91


    Charles Zwick with President Lyndon B. Johnson. “It was not cutting expenditures,” Mr. Zwick said. “It was growing revenues that really balanced the...

    As the president’s last budget director, he helped engineer the only federal surplus to be recorded over a span of almost 40 years.
    Economic Scene: The Facebook Fallacy: Privacy Is Up to You

    Economic Scene: The Facebook Fallacy: Privacy Is Up to You


    Tourists at Facebook’s headquarters on April 10, the day its chief executive, Mark Zuckerberg, testified at a Senate hearing. Researchers say his pledge to give users more say over the use of their data is undercut by a phenomenon known as the...

    Mark Zuckerberg told Congress that the social network would empower its users to control their own data. There’s just one problem: human behavior.
    Tariff Dodgers Stand to Profit Off U.S.-China Trade Dispute

    Tariff Dodgers Stand to Profit Off U.S.-China Trade Dispute


    The Yangshan port in Shanghai. To avoid tariffs on exports from China, brokers there arrange transshipments, which make a stop in another country on the way to their destinations to disguise the origin of the...

    Chinese brokers send goods around the world to disguise their origin and escape penalties. Tougher trade rules may end up only helping them.
    Public Servants Are Losing Their Foothold in the Middle Class

    Public Servants Are Losing Their Foothold in the Middle Class


    Shala Marshall has taught for 17 years, has a master’s degree and has been a finalist for Oklahoma teacher of the year. Her adjusted gross income is $28,000, she said, and “I can’t support a family on...

    Even as private employers have rebounded from the recession, the public sector’s ranks have withered, and pay and benefits have lagged.
    In a Trade War, China Might Boycott U.S. Goods. That Could Backfire.

    In a Trade War, China Might Boycott U.S. Goods. That Could Backfire.


    A Nike store in Beijing. Many of the goods that Nike and other American companies produce are assembled by Chinese...

    State media have hinted that Beijing could weaponize its consumers in a trade war. But American brands are popular in China — and Chinese workers make many of their products.
    If the World Economy Is Looking So Great, Why Are Global Policymakers So Gloomy?

    If the World Economy Is Looking So Great, Why Are Global Policymakers So Gloomy?


    The World Economic Outlook news conference at the headquarters of the International Monetary Fund in Washington on Wednesday. “The present good times will not last for long,” said Maurice Obstfeld, chief economist of the...

    As officials gather for the I.M.F. and World Bank convene in Washington, worries about trade and debt are building