Steve H. Hanke is a Senior Contributing Columnist at Fortune and a Professor of Applied Economics at The Johns Hopkins University. From 1995 to 1996, he was an economic advisor to President Rafael Caldera and is presently Special Adviser on Economic, Monetary, and Energy Affairs in the office of Congressman Antonio Ecarri at the National
Come Sept. 8, some $20 billion’s worth of U.S. goods will be subject to Canadian counter-tariffs of up to 50%. They follow the 50% duties imposed by Washington on Canadian goods on Aug. 22. Yet U.S. President Donald Trump’s renewed focus on Canada should be no surprise, after Washington declined to extend the U.S.-Mexico-Canada trade
Target’s annual shareholder meeting in June was a referendum on the company’s leadership, and the story is bleak: nearly 13% of shareholders opposed the reelection of Executive Chair and former CEO Brian Cornell. Combined with nearly 40% support for a shareholder proposal calling for an independent Board Chair, this level of opposition makes clear that
It is frequently said that the Federal Reserve steers by looking in the rearview mirror, basing monetary policy decisions on where the economy was in the past, rather than where it is today, or where it is headed. The reason is simple: the Fed relies heavily on measures that summarize the preceding 12 months. Those measures
It’s not every day that you see a sitting congresswoman giving herself hormone shots on social media. But last week, Representative Alexandria Ocasio-Cortez (AOC) went further by taking her millions of social media followers along with her–documenting every shot, her unfiltered thoughts, and bringing awareness to fertility education that us fertility doctors have been trying
The apocryphal quip attributed to Mark Twain, “the rumors of my death are greatly exaggerated,” rings true for certain companies in the software space amidst widespread but premature fears of AI-driven obsolescence. Over the last year, approximately $2 trillion in software value has been torched on fears that AI will render many software businesses obsolete
