NYT > Economy

    Fox in the Globalist Henhouse? Davos Awaits Trump’s Arrival

    Fox in the Globalist Henhouse? Davos Awaits Trump’s Arrival


    The annual meeting of the World Economic Forum in Davos, Switzerland, has always drawn elites who believe in globalism, climate change and free...

    How will President Trump’s protectionism go over at the elite World Economic Forum meeting in Davos, Switzerland, which draws leaders who believe in globalism and free trade?
    China’s Housing Market Is Like a Casino. Can a Property Tax Tame It?

    China’s Housing Market Is Like a Casino. Can a Property Tax Tame It?


    Potential buyers stand in a line during the first day of sales of a property project in Nanjing, China. Speculators hoping to ride the wave of rising prices often scoop up properties that sit...

    Officials appear to be warming to the idea of imposing the country’s first national tax on homes to cool a market subject to wild booms and busts.
    Peterborough Journal: This City Once Made Much of What Canada Bought. But No More.

    Peterborough Journal: This City Once Made Much of What Canada Bought. But No More.


    The Quaker Oats plant in Peterborough, Ontario. One of the larger and older manufacturing plants still in operation, the factory is an icon in the heart of in the...

    With the closing of plants like a 126-year-old G.E. factory, many in Peterborough, Ontario, scoff at the idea that Nafta benefits only Canada and Mexico.
    A Maine Racetrack Didn’t Lure Amazon. Multiply That Disappointment by 218.

    A Maine Racetrack Didn’t Lure Amazon. Multiply That Disappointment by 218.


    Tom Hall, the town manager of Scarborough, Me., at Scarborough Downs, a 500-acre horse racing track that was pitched for use by...

    With 218 places missing the cut for Amazon’s second headquarters, cities like Ottawa and Tucson were left to absorb the same result as “the longest of long shots.”
    Tax Overhaul Is a Blow to Affordable Housing Efforts

    Tax Overhaul Is a Blow to Affordable Housing Efforts


    Protesting rent increases outside a property management office in Redwood City, Calif., where private equity firms have been buying buildings that typically house lower-income workers and marketing the sites toward tenants in the tech industry, raising...

    By lowering rates, the law reduces the value of tax credits that have been crucial to rental projects nationwide, with the effect being felt already.
    Two Federal Reserve Openings Provide One Chance to Counter Trump

    Two Federal Reserve Openings Provide One Chance to Counter Trump


    Jerome H. Powell, President Trump’s nominee for Federal Reserve chairman, during a Senate confirmation hearing in November. Mr. Trump will also be able to pick a nominee for vice chairman, but another powerful opening — president of the Federal...

    The Fed is likely to get a new chairman next month, but there are still two job openings just below that post. President Trump controls one. Opponents see the other as an opportunity.
    China’s Economic Growth Looks Strong. Maybe Too Strong.

    China’s Economic Growth Looks Strong. Maybe Too Strong.


    An apartment complex under construction on the outskirts of Beijing. The costs of China’s economic growth have included a city-centric policy that has uprooted of tens of millions of...

    The country reported higher annual growth, but implausibly smooth numbers prompt experts to look for other ways to assess the world’s No. 2 economy.
    Apple, Capitalizing on New Tax Law, Plans to Bring Billions in Cash Back to U.S.

    Apple, Capitalizing on New Tax Law, Plans to Bring Billions in Cash Back to U.S.


    Inside a building at Apple’s new headquarters in Cupertino, Calif. The company said Wednesday that it planned a $350 billion contribution to the American economy over the next five...

    Less than four weeks after President Trump signed a new tax bill, Apple plans to repatriate the vast majority of its $252 billion in cash held abroad.
    Carillion Collapse Could Lead to Thousands of Job Losses in U.K.

    Carillion Collapse Could Lead to Thousands of Job Losses in U.K.


    The building site of a hospital in Smethwick, England, this month, one of Carillion’s construction...

    The company’s demise leaves a vast web of subcontractors unsure what to expect. The government says Carillion’s public-sector work will continue.
    Poll Finds Upturn in Sentiment on Tax Overhaul and Economy

    Poll Finds Upturn in Sentiment on Tax Overhaul and Economy


    The tax bill that President Trump signed last month remains relatively unpopular, although support for it has grown, according to a new survey conducted for The New York...

    The finding could be good news for Republicans looking to the midterm elections, but less comfort for President Trump, who was given little credit.
    Economic Scene: Making Medicaid a Tool for Moral Education May Let Some Die

    Economic Scene: Making Medicaid a Tool for Moral Education May Let Some Die


    A medical examination at the Family Health Center in Louisville. Kentucky is the first state in the country to impose a work requirement on recipients of...

    There is a precedent for letting states impose work requirements on the poor for medical coverage. It bodes ill for public health.