Paul Volcker, the former Federal Reserve chairman who died this week at age 92, was an imposing public figure—in height as well as stature. He was best known for his bold moves in the U.S. war against inflation, and for his dedication to public service. But there was more to the man, as Bloomberg Markets editor Christine Harper discovered as she worked with Volcker to co-write his 2018 memoir, “Keeping At It.”
Will the Conservatives loosen the purse strings and spur a growth revival? Can Labour realize its vision of radically reshaping the U.K. economy? How will the course of Brexit be altered?
What does the business of flashy superyachts for the megarich have to do with the health of the U.S. economy? A lot, it turns out. They’re often seen as a barometer of consumer spending, and as the holiday shopping season gets in full swing, all eyes are on American wallets.
This week’s episode of Stephanomics comes to you from Beijing, where Bloomberg hosted the second annual New Economy Forum, bringing together global leaders to discuss how to solve the world’s biggest challenges.
Beneath the tariffs, counter-tariffs and on-again off-again negotiations between the U.S. and China over trade policy, a deeper confrontation is brewing—one with potentially bigger consequences. In a punitive, short-term move, the U.S. is preventing Chinese companies from using some American technologies. But longer-term, the tactic may trigger a “Silicon Curtain” behind which China develops homegrown tech to rival America’s.
The 2020 U.S. presidential election may be a year away but one policy idea is already stirring fierce debate: a big-time tax on the richest Americans. Katia Dmitrieva reports on why Bernie Sanders and Elizabeth Warren want to implement a wealth tax, and how it might work. Many economists have also been warming to the idea of taxing wealth.
Economies represent the ultimate sum of millions of people and businesses making millions of decisions. And if enough of those businesses are frozen on how to respond to the U.S.-China trade war -- like the owner of a Los Angeles cosmetics company featured in this week's episode -- then the U.S. economy will be in trouble. Sarah McGregor, editor of Bloomberg's real-economy team, reports on how the businesswoman, Dara Venekeo, is being forced to consider whether to relocate her hard-built supply chains from China to another country, such as Vietnam.
Why does the International Monetary Fund keep lending to a troubled country like Argentina? And what's the future of the IMF anyway? That's the focus of this week's episode, which covers some of the hottest topics during last week's annual meeting of the fund, which brought together officials from 189 countries along with experts from around the world.
The macroeconomic kind of economist tends to get the most attention - talking about growth, inflation and whether interest rates should go up or down. But it’s the micro economists working away quietly on smaller parts of the economy who have typically done most to change the world.
Growth has been slowing around the developed world — not just in recent months but for decades. One potential reason is that women are having fewer babies. On this week's Stephanomics, reporter Jeannette Neumann visits a region in Spain with the lowest fertility rate in Europe to find out why this is happening and what it means for the global economy.
Senior trade reporter Shawn Donnan heads to the front lines of the US-China trade war in Wisconsin, and Stephanie talks through its global impact with Penny Goldberg, chief economist at the World Bank.
Fortnite may be the biggest video-game phenomenon with more than 200 million registered players. It's also a good place to start if you want to understand globalization -- and the new directions the global economy is taking today.
The trade war between the U.S. and China is taking a toll on growth in the world's two largest economies, but there's another nation where the tariff battle is producing a clear winner: Vietnam.
Of the many forces driving the wave of hiring across the U.S. in recent years, technology is typically not on the list because automation and artificial intelligence tend to be seen as job-killing rather than job-enhancing. Craig Torres visits a hospital where new technologies are actually creating the need for more — not fewer — employees.
Will a dose of free-market policies -- from a populist politician, no less -- finally bring Latin America's biggest economy back to life? On this week's episode of Stephanomics, Bruce Douglas visits the region's busiest port to get a taste of what's ailing Brazil -- and the possible cure.
Many older Americans are living longer and are happy to keep working. Others can't afford to retire. Those are just a couple of the reasons why people over age 65 are swelling the ranks of U.S. employees in recent decades. On this week's episode of Stephanomics, Matthew Boesler takes a closer look at this phenomenon and how it's reshaping the world's largest economy.
Where are there more millennials than in North America, Europe and the Middle East combined, who are vastly different from their parents' generation? China, of course. Kevin Hamlin reports on how these young people are redefining the world's second-biggest economy -- and also the world.
On this week's episode, former Obama administration official Wendy Cutler draws on her deep experience as a trade negotiator to offer her views on the tariff standoff between the U.S. and China.
If you live in the U.K., your workweek could soon be a day shorter if the political winds tilt more heavily toward the left. Jess Shankleman reports on how the proposal is gaining momentum and how it might affect Britain, then Bloomberg Opinion columnist Noah Smith joins host Stephanie Flanders for a deeper look at the economic questions raised by the four-day week.
Workers around the globe are in for a shock in coming decades as automation transforms the workplace and maybe destroys their jobs. But for Nobel-winning economist Christopher Pissarides, it's not all dismal. Host Stephanie Flanders has an extended talk with the London School of Economics professor about the upsides of automation and how Europe may actually be well-positioned to survive this transition.
Hear a special recording of Stephanie's engaging live panel discussion this week in London with two of the city's most prominent economic voices, HSBC Chief Economist Janet Henry and the Chief Economic Advisor to the UK Treasury, Clare Lombardelli. They discuss an increasingly hazy outlook for the world economy and offer their unique perspective on women and diversity in the economics profession -- or lack thereof.
The world’s second most-populous economy has seen a step change in its economic performance in the past 20 years but job growth keeps coming up short. Less than half of the working-age population is in work or even looking for a job -- and nearly 80% of women are not in the workforce at all.
This week we bring you a special conversation between host Stephanie Flanders and Financial Times columnist Martin Wolf. They try to make sense of the rise in populism in recent years, what it means for the global economy, and whether it spells the end of liberal democracy. The event was recorded in London on July 1.
Donald Trump’s trade policies have created winners and losers around the world. Among the big losers so far, count Spanish olive farmers. Their exports to the U.S. were hit with a huge tariff last year. U.S. officials claimed they had been undercutting California olive growers by selling Spanish olives on the cheap. Though barely a blip on the global trade war, it has been very bad news for the olive groves of southern Spain. But business is booming for Europe’s aluminum industry, especially its exports to the U.S., despite President Trump’s tariffs. What gives?
The yellow-vest protests that shook France last year may be over, but the forces of political and economic anger continue to ripple around the world. Stephanie visits the City of Lights to speak with two key figures about how the country is faring and how major nations' finance chiefs are tackling these issues -- as well as Facebook's proposed digital currency, Libra -- at this week's Group of Seven meeting in France.
Under pressure from President Donald Trump, Mexico is cracking down on migrants coming from its own southern neighbor, Guatemala. But the hit to the local economy could have unanticipated consequences for the U.S. Also, this month marks 75 years since the Allied powers gathered at the Mount Washington hotel to lay the groundwork for the post-World War II economic order.