Davos chief says global economic growth must be more inclusive

DAVOS, Switzerland — The founder of the World Economic Forum says U.S. President Donald Trump would have been an “interesting discussion partner” at its annual Davos event starting this week, but acknowledges that the partial U.S. government shutdown scuttled those plans. Klaus Schwab says he saw Trump shortly before Christmas and heard he had been “very much looking forward to […]

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Trump wants $5.7 billion for border wall, extends for 3 years plan for ‘dreamer’ and Temporary Protected Status immigrants

President Trump on Saturday offered in a televised address protections from deportation for some undocumented immigrants in the U.S. in exchange for $5.7 billion to build the southern border wall. See full story. Trading activity is an unreliable market indicator, writes Mark Hulbert. See full story. Weijian Shan says that reducing the trade deficit will be more complicated than the […]

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Trump says no amnesty for 'Dreamers,' signals support in broader deal

WASHINGTON, Jan 20 (Reuters) – President Donald Trump said on Sunday his proposed immigration deal to end a 30-day partial government shutdown would not lead to amnesty for “Dreamers,” but appeared to signal support for amnesty as part of a broader immigration agreement. In a morning Twitter storm, Trump also said he would not seek the removal of millions of […]

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Positions vacant: the nation needs economists (women preferred)

Never in the field of economic conflict was so much analytical effort devoted to so few… as in Reserve Bank governor Philip Lowe’s one-man crusade to save the economics profession. This latter-day Lord Kitchener wants more young Australians studying economics at high school and university, then enlisting as economists in the holy war against economic inefficiency. RBA Governor Philip Lowe.Credit:Alex […]

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Trump expected to offer support for DACA immigration protection in exchange for more wall funding

In a gesture toward ending a partial government shutdown in its 29th day, President Trump on Saturday is expected to offer in a televised address protections from deportation for some undocumented immigrants in the U.S. in exchange for $5.7 billion to build the southern border wall, the Wall Street Journal reported, citing White House officials. Other media outlets have reported […]

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Shutdown delays civil lawsuits against government

RICHMOND, Va. — During the longest-ever government shutdown, the federal judiciary has remained open, allowing the wheels of justice to keep turning in most criminal cases. But many civil cases have come to a halt because the U.S. Department of Justice doesn’t have enough attorneys working to handle them. Judges have granted the government delays after the Justice Department explained […]

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Shutdown dims consumer-driven economic growth outlook in U.S.

Fed officials, economists fear consumer boom may be on the cusp of a reversal After tax cuts, rising incomes and buoyant stock markets set off a consumer boom in 2018, signs are emerging that the main engine of U.S. economic growth could sputter, and a record-long government shutdown further muddies the waters. Federal Reserve officials and many economists have long […]

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Should I volunteer to be a company pension trustee?

Every week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper. My company lets employees choose trustees to help oversee its pension scheme. My colleagues are pushing me to sign up, but I’m worried it will mean loads […]

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