Canada’s Trudeau Pushes Keynesian Stimulus
Ottawa — Fiscal stimulus may be what the doctor ordered for the world economy, but Prime Minister Justin Trudeau will have a tough time persuading his peers to swallow the medicine. Canada’s new Liberal government is expected to post a shortfall of about $22.5 billion in its debut budget, representing one of biggest expansionary swings in fiscal policy in the nation’s history. It’s the sort of activism increasingly touted within...
Technology Could Change Trend of Global Trade
Two of the biggest forces influencing global economic activity over the past three decades — globalization and automation — have had polar-opposite effects on workers in emerging markets. The former pushed multinationals to move production to countries with cheaper labor costs than advanced economies, while the latter effectively substitutes capital for labor in the production process. In a note to clients, analysts at the Goldman...
Chemical Giants in Mega Merger
Two of corporate America’s oldest institutions, chemical giants Dow Chemical and DuPont, will merge into a $130 billion behemoth — and then split again into three companies — in one of the largest megadeals of the year, the companies said Friday. Since their founding in the 19th century, both companies have invented and sold some of the most transformative discoveries in modern chemistry, changing how our homes are built and painted...
Lebanon-Based Global Forest Partners Alleges $9 Million Theft
Lebanon — Allegations that a Guatemalan businessman stole $9 million from a giant pension fund and other investors in a Central American teak plantation project organized by an Upper Valley financial manager have led to federal criminal charges and a civil lawsuit in Grafton Superior Court that names a politically influential California entrepreneur as a defendant. A criminal complaint filed under seal in U.S. District Court in...
Economists: Beware New U.S. Recession
Confronted with disappointing data from around the world, economists are whispering a word that hasn’t seemed like a real possibility in years: recession. It starts with the slowdown in China, which is already straining the global recovery. The world’s second-largest economy has lost its appetite for the raw materials that fueled its industrial boom, leaving the smaller countries that supplied it with resources stumbling in its wake....
