Beneath the city's victory over the pandemic and dining's glorious return is great divide between the haves and the have-nots. This new economy reveals the dramatic difference between those who can handle an inflationary shock and those who cannot.
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John Womack’s labor strategy is about workers finding the capacity to "wound capital to make it yield anything.” But the massive challenge in today’s deindustrialized economy is locating where that leverage actually lies.
During the Yom Kippur War in 1973, Arab oil producers cut off exports to Israel’s allies. Faced with today’s Israeli war on Gaza, Gulf states dismiss the idea of using the “oil weapon” — an index of how much they have abandoned the Palestinian cause.
A POLITICO analysis shows that pandemic-era policies reversed the trend toward a widening income gap. The move away from them threatens those gains. Which way will Biden turn?
Economic models do not, and never can, fully reflect the extraordinary complexity of human markets. The point is to create useful abstractions to provide decision-makers with a sense of the budgetary and economic impacts of a given policy proposal.
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