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Europe Edition: F.B.I., Britain, Winter Olympics: Your Thursday Briefing

#briefing-market-module.interactive-embedded .interactive-caption { display: none; } Market Snapshot View Full Overview In the News Photo Credit Evgeny Feldman/Associated Press • In Moscow, two associates of Aleksei Navalny, the opposition leader, were sentenced to prison after returning from Lithuania, where they had hosted a webcast about nationwide protests in Russia. […]

Donald Trump, Theresa May, North Korea: Your Thursday Briefing

#briefing-market-module.interactive-embedded .interactive-caption { display: none; } Market Snapshot View Full Overview In the News Photo Credit Agence France-Presse — Getty Images • Carrie Grace, the former China editor of the BBC who resigned over unequal pay, told a panel of the British Parliament that the news agency had offered her £100,000 in back pay instead of explaining why she was earning less than male colleagues. [Evening Standard] • The U.S. authorities fined Australia’s Labor Party more than $14,000 for allegedly financing flights and travel expenses for party delegates who volunteered on the Bernie Sanders presidential campaign — a breach of U.S. election rules. [The Guardian] Continue reading the main story • Prime Minister Teresa May’s efforts to promote trade on her visit to China are shadowed by uncertainties about her hold on power and Britain’s withdrawal from the European Union […]

trump presidency: State of the Union Fact-Check

SubscribeLog In SubscribeLog InAdvertisementPoliticstrump presidencyState of the Union Fact-CheckImagePresident Trump at The State of the Union on Tuesday night.CreditGabriella Demczuk for The New York TimesBy Linda Qiu Jan. 30, 2018Reporters from The New York Times checked the facts, falsehoods and statements in need of context from President Trump’s first State of the Union address. Watch a replay along with real time analysis here and an annotated transcript of the speech.economy“Since the election, we have created 2.4 million new jobs, including 200,000 new jobs in manufacturing alone.”The math is correct, but context matters.The economy has added about 169,000 jobs a month since the 2016 election, but that is somewhat slower than the 185,000 jobs per month that the economy added over the previous seven years.—Binyamin Appelbaumeconomy“African-American unemployment stands at the lowest rate ever recorded.”True, but needs context.It’s true that the black unemployment was the lowest recorded, 6.8 percent in December. But also the culmination of a longer-term trend. Moreover, it’s an open question how much credit a president, especially in his first year, can take for the economy.—Linda Qiueconomy”After years of wage stagnation, we are finally seeing rising wages.”False.Wages are, in fact, rising — but at a slower rate than they were at the end of President Obama’s second term.— Jim Tankersleyhealth care“We eliminated an especially cruel tax that fell mostly on Americans making less than $50,000 a year — forcing them to pay tremendous penalties simply because they couldn’t afford government-ordered health plans. We repealed the core of disastrous Obamacare — the individual mandate is now gone.’’True, but needs context.In the newly-passed tax law, Congress eliminated penalties for people who go without health insurance, starting in 2019. An estimated 4.5 percent of taxpayers paid the penalty in 2015, and nearly 60 percent of those who did earned less than $50,000 in 2015 — though the Kaiser Family Foundation found that a sizable amount of low-income Americans paying the penalty could find coverage for less.People could, in many cases, obtain exemptions from the penalties that were indeed a major element of the Affordable Care Act. Other elements of the health care law remain intact.—Robert Peareconomy”Apple has just announced its plans to invest a total of $350 billion in America, and hire another 20,000 workers.”This needs context […]

trump presidency: State of the Union Fact-Check

NYT

Read more here: trump presidency: State of the Union Fact-Check

Live Briefing: Trump to Deliver First State of the Union Address Amid Remarkable Turmoil and Concern

NYT

More here: Live Briefing: Trump to Deliver First State of the Union Address Amid Remarkable Turmoil and Concern

The World Bank Is Remaking Itself as a Creature of Wall Street

NYT

View original post here: The World Bank Is Remaking Itself as a Creature of Wall Street

Every One of the World’s Big Economies Is Now Growing

The United States, the world’s largest economy, is into its ninth year of growth, with the International Monetary Fund lifting expectations for expansion to 2.7 percent this year from 2.3 percent because of the tax cuts.China has diminished fears of an abrupt halt to its decades-long growth trajectory. Europe, only recently dismissed as anemic and hopelessly vexed by political dysfunction, has emerged as a growth leader. Even Japan, long synonymous with grinding decline, is expanding as well.Rising oil prices have lifted Russia and Middle East producers, while Mexico has so far transcended fears that menacing trade rhetoric from the Trump administration would dent its economy. Brazil, still suffering the effects of a veritable depression, is flashing tentative signs of recovery.The result is a hopeful albeit fragile recovery, one vulnerable to the increasingly unpredictable predilections of world leaders.Threats of nuclear annihilation exchanged by President Trump and the North Korean leader Kim Jong-un have sown fears. Britain’s pending departure from the European Union — known as Brexit — holds the potential to ensue absent a deal, subjecting Europe to grave uncertainty about the rules of trade especially for finance […]