As global growth stagnates at below historical averages and inflation stays elevated well above pre-COVID-19 levels, the global economic outlook and financial stability remain uncertain: Sovereign debt levels are rising, and international financial …
Household spending has held up remarkably well despite tighter monetary policy, a weak stock market, and the waning of stimulus from federal transfers during the pandemic. At the same time, 35 states and the District of Columbia enacted significant tax …
The last time the U.S. enacted major immigration reform was the Immigration Reform and Control Act in 1986. Since then, little has been done to fix what has become a broken system despite heated debate at the national, state, and local levels. …
On December 16, 2022, Japan’s government released a new national security strategy, national defense strategy, and defense buildup program. In mid-January, Japanese Prime Minister Fumio Kishida and key Cabinet officials visited Washington to jointly …
Editor’s Note: Although Afghanistan has faded from the headlines, the crises the country is facing remain intense—and have grown worse under the Taliban. My Brookings colleague Madiha Afzal argues that now is the time for the Biden administration to …
The year 2023 has already proven to be critical for South Korea’s position in the Indo-Pacific and broader global stage. The year also marks the 70th anniversary of the U.S.-South Korea alliance as well as the 10th anniversary of the establishment of the …
Trends in driving behavior over the last 20 years have led to speculation about a less car-centric urban future. Young adults are less likely to have access to a vehicle in their home and are less likely to have a driver’s license. At first glance, this …
Although an expected slowdown in the labor market is anxiety-inducing, a slowdown is necessary to achieve stable inflation. We expect this slowdown to be marked by a temporary and modest increase in the unemployment rate above the level consistent with a …
In his speech to the Russian Federal Assembly last month, Russian President Vladimir Putin announced that Russia would stop allowing onsite U.S. inspections of its nuclear arsenal. These inspections are required by the New Strategic Arms Reduction Treaty ( …
Since it was seized by Russian military forces a year ago, the Zaporizhzhia Nuclear Power Plant in eastern Ukraine has lost external power six times. Following the latest outage, the director general of the International Atomic Energy Agency (IAEA), Rafael …
Africa’s urban transportation is generally costly, unreliable, and ill-equipped to meet the needs of its population. Inefficient and unsustainable transport networks lead to lower productivity gains and can have a negative impact on the quality of life in …
In 2019, the skylines of many American downtowns were sparkling with new construction. Hudson Yards in New York, the Frost Tower in San Antonio, San Francisco’s Salesforce Tower, the futuristic Amazon Spheres and surrounding towers in Seattle, and …
What’s the latest thinking in fiscal and monetary policy? The Hutchins Roundup keeps you informed of the latest research, charts, and speeches. Want to receive the Hutchins Roundup as an email? Sign up here to get it in your inbox every Thursday. Using …
Conventional wisdom would have us believe that politicians are rewarded electorally when they spend a lot of money or “bring home the bacon.” But is this true in our era of extreme polarization? This question is likely to be asked again as President Biden …
Between 2015 and 2018, Cape Town endured a one-in-400 year drought which took the city of around 4.6 million residents to the brink of “day zero,” a point when Cape Town would run out of water. What ultimately saved the day, was a combination of sustained …
In this episode of Reimagine Rural, host Tony Pipa reflects on lessons learned throughout his journeys across rural America. He hears from new and old friends about the most important elements of effective rural policy—investing in local leadership and …
In Michigan in 2022, a woman named Tirany Savage filed for a protective order against her husband Bo Eugene Savage and asked that he be removed from their house. She informed the court that her husband “has mental health issues (he quit taking his meds) …
Within two months of its launch last fall, the popular chatbot ChatGPT had reached an estimated 100 million monthly users—making it the fastest growing consumer application in history. Now that its parent company OpenAI has released a new version of the …
What is deposit insurance? Deposit insurance is the government’s guarantee that an account holder’s money at an insured bank is safe up to a certain amount, currently $250,000 per account. Deposit insurance is provided by the Federal Deposit Insurance …
The disparate responses from developing countries to Russia’s aggression against Ukraine have motivated Japan to extend its connectivity strategy in order to promote its vision of a peaceful world order — one where forceful annexation of another country is …
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