In the Shadow of Capital Flight: Summary Statistics and Policy Implications
Article • Data Bytes
The overall GDP growth rate for the quarter is likely to be around 2.0 percent, but most areas of consumer spending are showing little or no growth.
Article • Dean Baker’s Beat the Press
Jerome Powell’s time as Fed chair is defined by a strong commitment to full employment, delivering low unemployment and rising wages while guiding inflation down with minimal economic damage.
Event Recap
Experts examined capital flight, ownership of offshore assets, and the need for stronger global cooperation, better data, and policy reform.
Article • Dean Baker’s Beat the Press
The current AI boom shows striking similarities to the dot-com bubble, raising doubts that today’s sky-high valuations can be sustained in the face of competition and uncertain profits.
Report
Cuba’s infant mortality rate has risen by 148 percent since 2018, indicating a severe deterioration in population’s overall health. The unparalleled hardening of US sanctions during the first Trump administration, largely maintained under the Biden administration and further expanded in a second Trump term, including a devastating fuel blockade, is the primary cause of the current economic and humanitarian crisis—widely considered the worst in the island’s contemporary history.
Article • Dean Baker’s Beat the Press
Trump’s apparent disregard for the predictable consequences of striking Iran could drive energy shocks, food crises, and widespread suffering that put millions at risk worldwide.
Article • Dean Baker’s Beat the Press
Consumer pessimism may stem less from economic fundamentals than from polarization and Trump supporters feeling betrayed by unmet promises.
Article • Dean Baker’s Beat the Press
The 2020 election result is an undisputed fact, making Warsh’s refusal to state it a revealing test of his independence.