“No society can be fully understood without the locations of its members.” I have this quote (from “Crabgrass Frontier,” the seminal history of the American suburbs) pinned to a wall behind my desk. It sums up why I love covering housing for The New York Times, and I never seem to run out of things…
Federal Reserve officials welcomed a recent slowdown in inflation at their last meeting in late January but wanted to tread cautiously as they move toward rate cuts, according to minutes from that meeting released Wednesday. Central bankers raised interest rates sharply from March 2022 to July 2023, pushing them from a base near zero to…
Robert Habeck, Federal Minister for Economic Affairs and Climate Protection and Vice Chancellor, pictured during the weekly cabinet meeting on February 21, 2024 in Berlin. Florian Gärtner | Photo library | Getty Images Germany’s gross domestic product is expected to grow by just 0.2% this year as the country finds itself in “difficult waters,” Federal…
The last time the American economy posted surprising growth figures amid rapid wage increases and moderate inflation, Ace of Base and All-4-One topped the Billboard charts and denim overalls were in style. Thirty years ago, Federal Reserve officials debated vigorously whether the economy could continue to grow at such a strong rate without causing a…
An Israeli national flag over products for sale at the Carmel market in Tel Aviv, Israel, on November 7, 2023. Bloomberg | Bloomberg | Getty Images According to official figures, Israel’s gross domestic product contracted by almost 20% in the fourth quarter of 2023. The decline was significantly larger than expected, with analysts predicting a…
Few prices are as visible to Americans as the prices they find in the supermarket or at the drive-thru checkout. That’s why two years of rapid food inflation have been a major strain on U.S. households and the Biden administration. Shoppers have been slow to regain confidence in the economy as they pay more to…
Blurred buses drive past the Bank of England in the City of London on February 7, 2024 in London, United Kingdom. Mike Kemp | In pictures | Getty Images New forecasts from Goldman Sachs show the Bank of England is likely to keep interest rates high for longer before cutting them more than expected in…
Im vergangenen Herbst ertrug Tiffanie Simmons, eine Autoarbeiterin der zweiten Generation, einen sechswöchigen Streik in der Ford Motor-Fabrik westlich von Detroit, wo sie Bronco-SUVs baut. Der Streik führte in den nächsten vier Jahren zu einer Lohnerhöhung von 25 Prozent und linderte damit die Schmerzen Kürzungen, die sie und andere Gewerkschaftsmitglieder vor mehr als einem Jahrzehnt…
The Biden administration on Monday announced a $1.5 billion award to New York-based chipmaker GlobalFoundries, one of the first major grants from a government program to revive semiconductor manufacturing in the United States. As part of the plan to strengthen GlobalFoundries, the government will also provide an additional $1.6 billion in federal loans. The grants…
Stellen Sie sich Folgendes vor: Sie besitzen ein paar hundert Hektar Land in der Nähe einer wachsenden Stadt, die Ihre Familie seit Generationen bewirtschaftet. Es ist schwieriger geworden, einen Gewinn zu erwirtschaften, und keines Ihrer Kinder möchte ihn übernehmen. Sie wollen das Land nicht verkaufen; Sie lieben den offenen Raum, die Flora und Fauna, die…
