Funding & Business
Paul Krugman Says Trump’s Tariffs Make America More Like Denmark
Nobel laureate Paul Krugman argues that tariff “chaos” and President Donald Trump’s immigration policies are the real drag on growth by raising costs, freezing investment, and ultimately hitting consumers. He says a 1950s-style manufacturing revival is illusory, tariff revenue won’t fix the deficit, and U.S. trade-rule credibility has suffered lasting damage. On New York City politics, he expects only marginal policy shifts if Democratic nominee for mayor Zohran Mamdani wins. (Source: Bloomberg)
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From airline tickets to burgers, from groceries to gig work — technology now allows companies to change prices in real time, sometimes a hundred times a day, as grocery chain REMA 1000 in Norway does. Advocates say it maximizes efficiency and sometimes even helps consumers. Critics argue it can gouge buyers and underpay workers. The concept of prices as moving targets has been polarizing, but perception and timing play important roles in determining the winners and losers of dynamic pricing. (Source: Bloomberg)
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US Deputy Secretary of State Christopher Landau on Sunday expressed regret over the recent detention of hundreds of South Korean workers in Georgia.
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China’s new-found tolerance for steady yuan appreciation looks set to re-accelerate a rally in emerging-market currencies, as investors brace themselves for lower US interest rates.
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