When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions.
Category: Economic Conditions and Trends
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They Barter and Trade in Rural America. How Will They Vote?
Many rural Americans engage in cashless barter systems to get food and firewood for heating and cooking. They value self-sufficiency, making them wary of government intervention.
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Why There’s Hope for U.S. Factory Towns Laid Low by the ‘China Shock’
Communities that suffered the worst of plant closings in recent decades are now gaining an outsize share of fresh investment and new jobs.
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Why There Is Hope for Factory Towns Laid Low by the ‘China Shock’
Communities that suffered the worst of plant closings in recent decades are now gaining an outsize share of fresh investment and new jobs.
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Can Quake-Prone Japan Ever Embrace Nuclear Energy Again?
The government, its makeup in flux after the ruling party lost seats this week, will soon need to make decisions that will shape Japan’s future nuclear policy.
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Why Germany Is Resisting UniCredit’s Takeover of Commerzbank
Despite an openness to cross-border mergers, Germany has pushed back against talk of the Italian lender UniCredit’s acquiring Commerzbank.
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U.K. Budget Makes a Big Bet on Spending for Growth
The Labour Party is betting that extra spending on public services and more investment will eventually revitalize the country’s stagnant economy.
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UK Budget: Labour Party to Raise Capital Gains and Inheritance Taxes
Rachel Reeves, the new finance minister, announced substantial tax increases in her first budget as she sought to strengthen public finances and services.
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Germany Avoids Recession, but Weak Growth Weighs on Europe
The continent’s economy continued to limp along, expanding just 0.4 percent in the latest quarter, dragged down by a loss of competitiveness.
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Spain Opens Its Doors to China as a European Trade War Looms
Spain is forging a path as a “connector” country, drawing Chinese investment as it abstained from taking a position on European tariffs on electric cars.
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What Japan’s Political Uncertainty Means for Its Market Rally
The long-ruling Liberal Democratic Party has lost its parliamentary majority, raising questions about the policy stability that has lured investors.
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UK Budget: What to Know Before Labour’s Announcement
The new Labour Party government said it had inherited a challenging financial position and warned of tax increases and spending cuts when it reveals its budget this week.