Category Archive: 5) Global Macro

The IRS Will Tax Less of an Estate in 2023

In 2012, the American Taxpayer Relief Act (ATRA) established, for the first time, a permanent estate tax and gift tax exemption. The exemption is the amount an individual can pass on at death without paying estate taxes. The legislation set the exemption at $5 million per person, indexed for inflation.

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Trump 2024: could he win again?

Itโ€™s official: Donald Trump is running for president in 2024. What will his campaign look like, and does he stand a chance of winning? Our Washington bureau chief reacts to the announcement. 00:00 - Trump is back 00:50 - Trump makes 2024 presidential bid 02:23 - Who is Trumpโ€™s new rival? 03:08 - Whatโ€™s behind Trumpโ€™s early announcement? 03:50 - Could Trump win? Sign up the The Economistโ€™s daily newsletter: https://econ.st/3TOTlb2 Trump is...

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2023 Retirement Plan Contribution Limits

Worried about saving enough for retirement? You can put away more next year. The IRS has just announced the new retirement plan contribution limits for 2023. The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal governmentโ€™s Thrift Savings Plan increases to $22,500, up from $20,500.

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Where Crypto Went Wrong

You want to fix the world with finance? Then fix this: wages' share of a financialized, globalized, speculative-bubble dependent economy have been falling for decades. Fix this and you really will change the world. Anything less changes nothing.

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Weekly Market Pulse: Good News, Bad News

One thing I can tell you for certain about last weekโ€™s big rally on Thursday and Friday: there were a lot of people who desperately wanted a good excuse to buy stocks. And buy they did after a better-than-expected CPI report Thursday morning, pushing the S&P 500 up nearly 6% on the week with all of that coming on Thursday and Friday.

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Asymmetries, Distortions and Denial

When bubbles pop, it's natural selection at its most unforgiving: "adapt or die," and those who ignore or discount consequential asymmetries will have a very difficult time navigating the triage. After years of relative stability, it seems asymmetries, distortions and denial are playing out in unexpectedly destabilizing ways.

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G20: The Economist interviews Indonesia’s president

The host of this yearโ€™s G20 considers himself a key player in resolving geopolitical tension. But to many, Indonesiaโ€™s president, Joko Widodo, is a bit of a mystery. The Economistโ€™s editor-in-chief, Zanny Minton Beddoes, sat down with him. 00:00 - Bali is hosting the G20 00:44 - Mitigating global tension 03:30 - Threat of Taiwan invasion 05:25 - Renewable energy in Indonesia 06:36 - Jokowiโ€™s future plans To read more of our coverage on...

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COP27: who should pay for a warming planet?

Campaigners who believe world leaders are not doing enough to combat climate change are taking matters into their own handsโ€”and suing governments and fossil-fuel companies. But can the climate catastrophe really be resolved in court? 00:00 - A rapidly warming world 01:25 - Climate effects in Peru 03:54 - Climate adaptation funding 05:17 - Peru farmer v RWE 08:36 - Rise in climate litigation cases 09:49 - Landmark win for the Torres Strait Islands...

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Iran protests: can they topple the regime?

Protests in Iran pose the biggest threat to the countryโ€™s authoritarian regime in decades. But how does an uprising transform into a revolution? Lessons from Iranโ€™s own history offer some clues. 00:00 - How can Iranโ€™s protests topple the regime? 01:00 - Four factors affect the success of the protests 01:20 - 1. Stronger leadership 02:50 - 2. Resilience 03:55 - 3. The regime cracks 04:55 - 4. International support Sign up to The Economistโ€™s...

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The Unintended Consequences of Unintended Consequences

Decades of central bank distortions and regulatory / market-share capture by cartels and monopolies have completely gutted "markets," destroying their self-correcting dynamics. Unintended consequences introduce unexpected problems that may not have easy solutions.

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SMART BOURSE โ€“ Lโ€™invité de la mi-journée : Thomas Costerg (Pictet WM)

Lundi 7 novembre 2022, SMART BOURSE reรงoit Thomas Costerg (ร‰conomiste senior US, Pictet WM)

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Why Belgium is now the cocaine capital of Europe

With record seizures of cocaine at Belgian ports, the country has become Europeโ€™s cocaine-trafficking capital. As the flow of drugs increases, local authorities are struggling with corruption and violence. 00:00 - Antwerp: Europeโ€™s cocaine trafficking capital 01:48 - How much cocaine gets seized? 03:18 - Why do traffickers choose the port of Antwerp? 05:54 - The entrepreneurial Balkan mafias 07:35 - How do cocaine mafias make a profit? 08:16 -...

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Climate change: can money stop deforestation?

Rampant deforestation has driven economic growth, but accelerates climate change. How do you put a price on trees, to make them worth more alive than dead? Film supported by Bain and Company 00:00 - Can money grow on trees? 00:55 - What Costa Rica can teach us 01:52 - Down with the trees: rapid deforestation around the world 03:15 - Why tree-planting schemes arenโ€™t always the answer 04:24 - Paying for existing trees: carbon credits 06:38 - How to...

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Lula beats Bolsonaro: what happens now?

President Bolsonaro has lost the Brazilian election to former president Luiz Inรกcio Lula da Silva by a razor-thin margin. Will Bolsonaro and his supporters accept the result, and what does Lulaโ€™s win mean for Brazil, and for the world? 00:00 - Lula wins the Brazilian election 00:55 - How might Bolsonaro react? 01:50 - What will this mean for Lula? 03:08 - What will this mean for the world? Sign up to The Economistโ€™s daily newsletter:...

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Is Vladimir Putin ill? We investigate

Rumours about Vladimir Putinโ€™s health were circulating before the war in Ukraine. We investigate the claims #russia #Putin #Ukraine #shorts

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What Does Liberation Mean in the Real World?

Liberation in the real world is the result of self-reliance and investing in our own well-being.Liberation has many contexts. It can mean being freed from imprisonment or servitude, freedom from gnawing want or oppression, or being liberated from prisons of the mind.

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Ukraine war: Russia warned against false flag operation | Latest World News | WION

In his latest warning to the Russian President Vladimir Putin, US President Joe Biden has said that Russia would be making a serious mistake if it deploys a tactical nuclear weapon in Ukraine.

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Russia-Ukraine War: NATO’s AWACS inside Poland border track Ukraine’s battlefield | Latest | WION

War in Ukraine rages on and a lot has been said about a fierce resistance put up by Kyiv. The Russian military has suffered multiple setbacks at battlefield and itโ€™s the hidden hand of the West which has armed the Ukrainian soldiers.

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Russia-Ukraine war: Ukrainians expect a tough fight for Kherson

It has been several months since the Russian invasion of Ukraine has been raging on and scores of civilians have lost their lives in the conflict. Now, Ukrainians expect a tough fight for Kherson.

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The Cleanest Dirty Shirt

Itโ€™s easy to overestimate the problems the United States faces while underestimating its strengths. The challenges are certainly significant. Politics have seldom been so divisive. The government is running an annual deficit of over a trillion dollars, with a total debt many times that. Inflation has spiked. The Fed has been hiking interest rates at a pace that could imperil the economy.

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