Economics & Economy

In one of its last acts, the Obama administration has contributed $500 million to a United Nations fund that will help developing countries deal with climate change. That brings the total contributed by the U.S. to $1 billion — which sounds like a lot. Is it?

The Obama administration last week launched a new allegation with the World Trade Organization against Chinese aluminum subsidies.  It accused Beijing of using cheap state-directed loans and subsidized energy to artificially expand its global market share.

No matter how this complaint turns out, it provides the president-elect another ready sledgehammer with which to batter China.

Molly Wood

If you've ever traveled to Japan, you've probably been amazed by the fancy toilet seats. They are hyper-efficient and hyper-futuristic.

Toto is the best-known brand. But when tourists were surveyed in 2014, according to The Wall Street Journal, a quarter of foreign users said that they didn't understand the various buttons nor their respective functions on a typical Toto toilet.

D Gorenstein

Congressman Tom Price, President-elect Donald Trump’s pick to head up the Department of Health and Human Services, faced his first Senate confirmation hearing today.

While he was light on the specifics of what the incoming Trump administration wants to replace Obamacare with, he did say, "I think health savings accounts and high-deductible catastrophic coverage are things that make a whole lot of sense  for many individuals, and we ought not force anybody to do anything. It ought to be a voluntary choice, but they ought to have the choice to be able to select them."

Companies try to avoid the Trump Twitter treatment

Jan 18, 2017

It's not even Inauguration Day yet, but we're getting a pretty clear sense of President-elect Donald Trump's negotiating style with corporate America. His tweets have chastised manufacturers like Carrier, GM and Ford for outsourcing jobs, prompting those companies to promise to add or retain jobs domestically. And now several others are promising expansions and investments before the Trump Tweet hammer falls.

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