Amazon’s recent decision to cease operations in Quebec, resulting in the layoff of around 2,000 workers due to their unionization, has far-reaching implications beyond just Canada. The move is a blatant retaliation against organized labor, sending a strong message that if workers choose to unionize, the company will leave. This situation highlights the power imbalance […]
President Trump has been accurate on certain issues, however, when it comes to tariffs, he misses the mark on almost everything. His errors are not small; they are remarkably incorrect. Adding to the perplexity is the presence of competent economists around him, who understand his fallacy and have likely tried to clarify it to him—unfortunately, […]
The proposal put forth by Project 2025 advocating for the withdrawal of the United States from the World Bank could result in a significant advantage for America’s rivals. Although the plan correctly identifies the inefficiencies within the bank, implementing it would have severe repercussions on U.S. interests. Having transitioned from a leadership role within the […]
Being a strong supporter of the Department of Government Efficiency (DOGE) and its mission, I am pleased to see its progress in the first two weeks. The fact that the left has shifted from criticizing its lack of power to claiming it has too much power indicates that it is gaining momentum. In Washington, when […]
President Trump’s proposed 25 percent tariffs on Canada and Mexico, now postponed for a month, have been criticized as illogical, nonsensical, perplexing, purposeless, and “a completely unnecessary solution for a non-existing issue.” The tariffs can be deemed nonsensical from both trade and economic nationalism standpoints. Nonetheless, they hold merit in a menacing cultural context, as […]
Germany’s exports experienced another decline in 2024, partially due to a decrease in demand from China. The Federal Statistical Office of Germany (Destatis) released the country’s foreign trade data for December 2024. According to the data, seasonally and calendar-adjusted exports in December 2024 increased by 2.9% compared to the previous month, reaching 131.7 billion euros. […]
Non-farm employment in the US fell below expectations in January, increasing by 143,000. The unemployment rate in the country dropped from 4.1% to 4%. Average hourly earnings also rose by 0.5%, exceeding estimates. Non-farm employment in the US increased by 143,000 in January, falling short of expectations. It was expected that non-farm employment would be […]
Following the non-farm employment data, the price of an ounce of gold fluctuated. Initially, gold reacted with a downward trend, falling to $2,853. With the influence of purchases at this level, gold stabilized at $2,866. Gold prices fluctuated after the US employment data release. Non-farm employment in the US fell below expectations in January at […]
The BIST 100 index on the Borsa Istanbul completed the day with a gain of 1.11%, closing at 9,951.65 points. The index rose by 109.50 points compared to the previous closing, with a total trading volume of 103 billion Turkish lira. While the banking index lost 0.90% in value, the holding index gained 1.73%. Among […]
It is common for politicians to promise measures to reduce imports as a solution to ongoing U.S. trade deficits. However, trade deficits should not be the primary concern, as they are merely a reflection of a more significant issue: the persistent large budget deficits that the United States faces. The trade deficit arises from the […]
