United Auto Workers–the union representing workers at General Motors, Ford and Stellantis in Detroit–must reach a labor agreement with the automakers before a potential strike. If no agreement is reached by 11:59 p.m. on Thursday, Sept. 14, 140,000 workers could begin to strike. The strike could turn into the most significant strike of active employees…

Countries provide subsidies to industries they consider vital for their economies or national infrastructure. For instance, Taiwan, Korea and Japan offer subsidies to their semiconductor sectors, while Russia invests heavily in its energy industry, and China supports advanced manufacturing and high-tech industries. As a result, the United States has become overly dependent on specific countries…

Economist Paul Krugman recently said that interest payments on U.S. debt won’t be a major concern in the years ahead. The U.S. national debt is almost at $33 trillion, and the interest payments alone on that debt are approaching $500 billion per year. Straight Arrow News contributor Larry Lindsey disagrees with Krugman and instead urges…

In recent years, U.S. banks invested billions of American dollars into China, taking advantage of the world’s second-largest economy as it continued to open up its $50 trillion financial market. Now, as the relationship between the U.S. and China has deteriorated, banks are considering reducing their involvement in a country that appears to be increasingly…

African youth represent a seismic demographic shift not only for their continent, but for the entire world. Some of the world’s largest economies are expected to emerge in Africa before the end of this century, and today’s young generation will be the driving force of that change. In this 48-minute episode of America Speaks, political…

The G20 Summit, an annual event that brings together world leaders from the largest economies, is scheduled for Sept. 9-10 in New Delhi, India. Chinese President Xi Jinping will not be present and will instead send a representative. Straight Arrow News contributor Peter Zeihan argues that Xi’s absence at the summit raises concerns about China’s…

The U.S. government’s deficit is expected to double from $1 trillion in fiscal year 2022 to $2 trillion this fiscal year, according to the nonpartisan Committee for a Responsible Federal Budget. The increase is largely due to a 16% increase in spending, partly driven by higher interest rates, and a 7% decrease in revenue.  Here…

Ukrainians recently launched their largest drone offensives to date against Russian positions, some more than one hundred miles deep into Russian territory. The strikes yet again demonstrate the novel, game-changing power of low-cost, commercially available drone technology in modern warfare. Straight Arrow News contributor Peter Zeihan argues that we might have hit “a turning point…

Central banks have spent years investigating how to launch their own digital currencies by creating an electronic version of cash that can be stored in a digital wallet. As many as 93% of these banks are involved in various initiatives related to central bank digital currencies (CBDCs). However, the question remains: Is this widespread excitement…