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Ian Explains: Is the US economy good or bad?
Is the US economy good or bad? | Ian Bremmer explains | GZERO World

Ian Explains: Is the US economy good or bad?

What’s going on with the US economy? On Ian Explains, Ian Bremmer breaks down the confusing state of America’s financial health.

Trying to make sense of economic indicators right now can be an exercise in illogic: unemployment is down, but inflation is still stubbornly sticky. Interest rates are higher than they’ve been in two decades, but stock indexes are closing at record highs. Adding to confusion, the upcoming US presidential election means that the economy is front and center, but Democrats and Republicans have a partisan interest in making things seem worse or better than they actually are. So what’s really going on?

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Thick plates of steel for use in construction and ship building are hot-rolled by machinery at the Nippon Steel Corp. Kimitsu steel mill in Kimitsu, Japan near Tokyo February 6, 2008.

Biden slams Nippon Steel deal — but Tokyo plays it cool

US President Joe Biden on Thursday came out against Japan’s largest steel producer acquiring Pittsburgh-based US Steel, saying America must “maintain strong American steel companies powered by American steelworkers.”

Nippon Steel made an offer worth over $14 billion in December, and shortly afterward the White House indicated it would be scrutinized by the Committee on Foreign Investments in the United States. For now, the deal is still on, but CFIUS review is usually reserved for deals involving companies from potential adversaries – not from trusted allies like Japan — and presidents rarely comment before the committee finishes.

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Annie Gugliotta

Should Canada give three F’s?

For the past 17 years, Perrin Beatty has been the voice of business in Canada. And that means he cares about one key thing: the United States. After all, Beatty has long understood that for Canadian business, the biggest customer, opportunity, market, threat — you name it — has always been the United States. And Canada has been the biggest or second biggest market for the US. Beatty, who served as defense minister under Prime Minister Brian Mulroney in the late 1980s, gave me his view of what to watch for in this volatile election year and why Canada’s three F’s matter more than people think.
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Jess Frampton

Biden and Trudeau face headwinds … from Gaza

Last Thursday, after Joe Biden promised during his State of the Union to build a pier to deliver aid to Gaza, Colorado Sen. Michael Bennet shook the president’s hand, congratulated him on the speech, and urged him to push Israel to do more on “humanitarian stuff.”

Biden, caught on a hot mic, nodded in agreement and said he was pressing Israeli Prime Minister Benjamin Netanyahu. “I told him, Bibi, don’t repeat this, but we are going to have a come-to-Jesus meeting.”

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Jess Frampton

Gaza caught in the crossfire as Hamas, Israel, and the US near an impasse

The war in Gaza continues, and there are reasons to believe it’s going to persist for a long time still.

There had been a lot of hope that Israel and Hamas would have made a breakthrough deal by now trading an extended (albeit temporary) cease-fire lasting some six weeks for the release of a significant number of Israeli hostages and Palestinian prisoners. Just a week ago, it seemed likely that such an agreement would be reached before the start of Ramadan after Israel reportedly accepted the terms put forward by the United States, Qatar, and Egypt.

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President Joe Biden speaks during a campaign event at Pullman Yards in Atlanta, Georgia, on March 9, 2024.

REUTERS/Evelyn Hockstein/File Photo

Biden vs. Trump redux is official

They did it again. President Joe Biden and former President Donald Trump have mustered enough delegates in the primaries to secure their respective party nominations heading into this November’s presidential election — not that anyone expected otherwise.

For Biden, it was his win in Georgia last night that clinched it for the Democrats, while for Trump it was the GOP tally in Washington state. The rematch of 2020 comes despite both men’s unpopularity: Recent polling has Biden’s disapproval rating at 56.5%, while Trump’s unfavorable rating is nearly as high at 52.5%.

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FILE PHOTO: Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign rally at the Forum River Center in Rome, Georgia, U.S. March 9, 2024.

REUTERS/Alyssa Pointer/File Photo

Biden hits Trump on threats to cut entitlements

On Monday, a TV interviewer asked Donald Trump to detail his “outlook on how to handle entitlements: Social Security, Medicare and Medicaid?” His response: “There is a lot you can do in terms of entitlements — in terms of cutting — and in terms of also the theft and the bad management of entitlements.”

Within hours, strategists working on President Joe Biden’s reelection campaign issued a 20-second digital response for release on its X, Facebook, Instagram, and Threads social media accounts. It featured Trump’s words followed by a quick clip from Biden’s State of the Union Speech last week in which he pledged that “If anyone here tries to cut Social Security, Medicare or raise the retirement age, I will stop you.”

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New Delhi, Mar 10 (ANI): Prime Minister Narendra Modi addresses the launch of Mahtari Vandan Yojana in Chhattisgarh via video conferencing, on Sunday.

ANI via Reuters Connect

Hard Numbers: India & EFTA sign trade deal, Oppenheimer's Oscars, Biden's big haul, Portuguese polls, Irish vote down constitutional change, New hope for Libya

100 billion: India has signed a trade agreement with the four members of the European Free Trade Association — Iceland, Liechtenstein, Norway, and Switzerland — aimed at integrating supply chains and opening new opportunities for trade and investment. The deal includes a commitment to invest a whopping $100 billion in India over the next 15 years to create 1 million jobs.

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