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The Unintended Effect Of The US-China Economic Breakup | GZERO World

The unintended effect of US-China economic breakup

The US and China are moving into creating separate economic worlds for each other. And that won't be easy because the two economies are more closely linked than many people understand.

Unlike with Russia, which the West has almost completely isolated after invading Ukraine, we can't just stop trade with China, renowned economist Dambisa Moyo tells Ian Bremmer on GZERO World.

What's more, the US-China economic decoupling will have big implications for the developing world, where 90% of the global population lives. Moyo says that the US might lose out to China, which is fast becoming more appealing to developing nations.

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Why China Is Leading Economically: Infrastructure, Energy, & Tech | GZERO World

Why China is leading economically: infrastructure, energy, & tech

Most of the global economy is more likely than not headed toward a recession in 2023. But don't only blame it on inflation and Russia's war in Ukraine.

The economic slowdown face this year "is an acceleration of already structural problems around growth, that really started before the pandemic," renowned economist Dambisa Moyo tells Ian Bremmer on GZERO World.

Among the G-20 economies, the only country that has been serious about industrial and strategic policies to address those problems is China. That's why, she says, many Western nations were so shocked by the economic fallout of COVID.

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US President Joe Biden grapples with inflation.


Why job and wage growth in the US are freaking out investors

The jobs report for November came in hot Friday, revealing that wage and job growth in the world’s largest economy remain robust. Sounds like a good thing, right? Well, not when the US economy is reeling from decade-high inflation.

Markets cooled on Friday morning – and then recovered slightly – as investors got spooked by news that the US economy added 263,000 jobs in November while average hourly wages jumped 5.1% year-on-year, a key component of inflation. For context, between 2010-2019 average monthly job gains in the US came in at around 183,000. November’s unemployment rate, meanwhile, remained stubbornly low at 3.75% despite recent aggressive efforts by the US Federal Reserve to cool an economy set on fire by dual nightmares: the pandemic and war in Ukraine.

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US Voters Think GOP Can Fix Economy, But Can They? Not Likely | US Politics in :60 | GZERO Media

US voters think GOP can fix the economy, but can they? Not likely

Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, DC shares his perspective on US politics.

What are the top issues for voters ahead of the 2022 midterm elections?

30 years since James Carville quipped that "it's the economy, stupid", which became the winning mantra for Bill Clinton's political campaign, it looks like the economy is once again the primary concern of US voters. There is way more public opinion polling than there was in 1992, and all of it shows that voters have one issue at the top of their mind, inflation. 49% of registered voters told Gallup that the economy is extremely important to their vote, the highest level during a midterm election since the middle of the financial crisis in 2010 when it hit 63%. Other polls show a similar trend with the economy dominating the pack among a diverse range of issues including abortion, crime, gun policy, and immigration.

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Will US Congress Change Social Security? | US Politics In: 60 | GZERO Media

Will US Congress change Social Security?

Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, DC shares his perspective on US politics.

Is Congress considering changes to Social Security?

No. Social Security's been in the news this week because of a record high adjustment to retirees’ benefits that's set to take place next year. Social Security benefits are indexed to inflation, and with inflation running at over 8% over the last year, seniors are going to get a cost of living adjustment equal to 8.7%. This is the largest increase since 1981 and comes after nearly a decade where Social Security benefits were nearly flat because inflation has been so low and stable. Inflation is continuing to run out of control at the moment, with rent prices and food prices rising at record rates, but this is not the only reason that Social Security's in the news. President Biden and other Democrats are campaigning on the premise that Republicans are set to put Social Security benefits "on the chopping block" should they win in the November elections.

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Paige Fusco, with image by DonkeyHotey

US debt hits record: Should you worry?

Earlier this week, US gross national debt hit a new high, clocking $31 trillion. Gasp! That’s almost twice what it was a decade ago, and debt is now equal to well over 100% of GDP, hovering at the highest levels since World War II.

Is steadily rising US debt a problem, or is the risk of a financial meltdown overblown? Here’s a quick guide to the debate over debt.

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NatCon 2022: Conservatives Rethink Foundations of the American Right | US Politics :60 | GZERO Media

NatCon 2022: Conservatives rethink foundations of the American right

Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, DC reports from the 2022 National Conservative Conference in Miami, Florida.

What is national conservatism?

I'm down here in Miami, Florida, attending the third annual National Conservative Conference where we're hearing from a large group of conservatives who want to rethink the foundations that have held together the American Right for the last 50 years. Part of this is in response to Donald Trump's surprising election in 2016 and his dismantling of the conservative coalition that had supported the Republican Party to that point. Another big theme that we're hearing about is a reaction to what folks here call the woke Left who, in their mind, have dominated educational, business, and cultural institutions for a very long time and have pushed out the traditional Christian conservative values that built this country.

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Inflation Reduction Act Will Lower Energy Costs & Bring Back Jobs, Says US Energy Sec | GZERO World

Inflation Reduction Act will lower energy costs & bring back jobs, says US energy secretary

The Inflation Reduction Act is the Biden administration's biggest legislative win since the American Rescue Act early in his term in office. But what will the bill accomplish?

Energy Secretary Jennifer Granholm says it'll fight climate change by giving Americans incentives to use renewable energy in their cars and homes. And that, in turn, will lower the cost of energy prices at home.

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