Paul’s Recent Stories
Economy May 01U.S. manufacturing falls in April as virus ravages economy
U.S. manufacturing retreated again in April, a victim of economic fallout from the coronavirus outbreak.
World Apr 14IMF: Global economy will suffer worst year since Depression
Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast.
Nation Apr 13Short-term financial aid may not be enough during pandemic
Will the U.S. remain an outlier among wealthy countries in providing limited protections for the financially vulnerable? Or will it expand the social safety net, as it did after the Great Depression of the 1930s?…
Economy Apr 06After virus fades, service industries may be changed forever
he coronavirus crisis is upending service businesses, and the crisis may permanently change the way Americans work, shop and socialize, even after the disease fades away.
Economy Mar 12Staggering corporate debt becomes risk as virus hits economy
The numbers are staggering: Corporate debt worldwide comes to $72 trillion, up from $32 trillion in 2005.
Economy Feb 05U.S. trade deficit falls for 1st time in 6 years
The Commerce Department said Wednesday that the gap between what the United States sells and what it buys abroad fell 1.7% last year to $616.8 billion.
Economy Feb 04The clock is ticking for companies that depend on China imports
If much of industrial China remains on lockdown for the next few weeks — a very real possibility — Western retailers, auto companies and manufacturers that depend on Chinese imports will start to run out of the goods they depend…
Economy Jan 16Read the full U.S.-China ‘Phase 1’ trade agreement
The deal offers massive export opportunities for U.S. farms and factories and promises to do more to protect American trade secrets but leaves Washington's fundamental differences with Beijing unresolved.
Economy Jan 15WATCH: Trump signs ‘Phase 1’ trade truce with China
President Donald Trump and China's chief negotiator are scheduled to sign a modest trade agreement in which the administration will ease some sanctions on China and Beijing will step up its purchases of U.S. farm products and other goods.
Politics Dec 19New trade deal presents landmark loss for Big Pharma
To satisfy House Democrats, the Trump administration removed a provision that would have given the makers of ultra-expensive biologic drugs 10 years of protection from less-expensive knockoffs.