Penn Effect

Economic effect that real income ratios between high and low income countries are systematically exaggerated by GDP conversion at market exchange rates
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Is the World Going to Deglobalize?
Trump's tariffs come on top of a recent loss of faith in free trade and interconnectedness.
foreignpolicy.com
In low-wage Portugal, Europe's housing crisis bites deep
Like a growing number of people in Portugal, Georgina Simoes no longer earns enough money to afford a place to live. For the last decade, she got by because...
news.yahoo.com
The departures come at a perilous time for the U.K. economy.
www.nytimes.com
Anti-Trump Media Denounce 'Migrant Detention Camps'
The establishment media are trying to scare swing voters away from President Donald Trump's popular, normal, and beneficial promise to guard the nation's borders.
Politics
www.breitbart.com
The triumph of the Biden-Trump stimulus
How Barack Obama and congressional Democrats doomed America to 10 years of needless stagnation
theweek.com
Full transcript of "Face the Nation with Margaret Brennan," March 16, 2025
On this "Face the Nation with Margaret Brennan" broadcast, Secretary of state Marco Rubio and Middle East envoy Steve Witkoff join Margaret Brennan.
www.cbsnews.com
Even in small businesses, minimum wage hikes don't cause job losses, study finds
Restaurants, retail stores and other small businesses, long thought to be vulnerable to increases in the minimum wage, generally do not cut jobs and may actually benefit when governments raise minimum pay, according to a new study co-authored at UC Berkeley.
Science & Technology
phys.org
Arizona's economy is humming. Will 2024 voters notice?
President Biden's push to expand semiconductor and green technology manufacturing has poured billions into battleground states like Arizona.
www.latimes.com
Even in small businesses, minimum wage hikes don't cause job losses, study finds
Small businesses are seen as especially vulnerable when governments raise the minimum wage. New research at UC Berkeley challenges that conventional wisdom.
news.berkeley.edu