Jun 25 Watch 4:56 What impact will Brexit have on U.S. trade policy? By PBS News Hour Britain is the U.S.’s closest diplomatic and military ally and top economic partner in Europe. One-fifth of U.S. exports to Europe go to the UK and so do half a billion dollars in direct investments. Senior editor of Foreign Policy… Continue watching
Jun 25 Watch 2:08 Britain grappling with consequences of Brexit vote By PBS News Hour European Union officials on Saturday began meeting on how to handle the eventual departure of Britain with uncertainties looming over trade immigration and security agreements. More than two million people in the UK have signed a petition calling for a… Continue watching
Jun 24 Watch 7:30 Will other countries follow Brexit example and shun globalization? By PBS News Hour Thursday’s successful Brexit vote holds great consequences for economies worldwide, with some analysts warning that departure from the EU could plunge Britain back into a recession that might in turn spread to other countries. For more on the financial implications… Continue watching
Jun 24 Watch 52:37 PBS NewsHour full episode June 24, 2016 By PBS News Hour Friday on the NewsHour, Britain readies for a new political paradigm after voting to exit the European Union. Also: A closer look at the issues that drove British voters to Brexit, the economic fallout of a weakened EU, what Brexit… Continue watching
Jun 24 Column: In the wake of Brexit, will the EU finally turn away from austerity? By Dean Baker Europe's bleak economic performance was not dictated by the gods. It was the result of the conscious decision by the EU leadership to turn towards austerity in 2010. Continue reading
Jun 24 Column: Will Brexit affect U.S. consumer confidence? The outcome may determine our next president By Benn Steil, Emma Smith Going back to 1952, consumer confidence has been a fair guide to presidential election outcomes. Continue reading
Jun 24 Brexit: 4 reasons it comes as a shock By Paul Solman First, of course, are the political implications. Second, these are millions upon millions of people who were voting against their pocketbooks. The third shock is more personal: my apparent over-reliance on the prediction markets, and on economists like Justin Wolfers… Continue reading
Jun 23 Watch 8:36 Why a severe housing shortage means reduced wages for workers By PBS News Hour According to a new report, more than 40 million American households are spending a third of their income on rent, and housing shortages in major cities such as New York and San Francisco may ultimately lead to billions of dollars… Continue watching
Jun 23 How the housing markets in 5 U.S. cities may have cost you $5,000 in lost wages By Duarte Geraldino The housing markets in five U.S. cities have prevented aggregate U.S. GDP from growing further and in doing so may have cost the average American worker $5,000 in lost wages. Continue reading
Jun 22 Watch 7:35 Sobering IMF report on U.S. economy cites dwindling middle class, growing income equality By PBS News Hour A new outlook issued Wednesday by the International Monetary Fund drew some startling conclusions about the U.S. economy. The report asserts that the American middle class is gradually shrinking, the seven-year economic recovery is starting to slow and the pronounced… Continue watching