How the 2020s Economy Could Resemble the 1980s
The New York Times
It depends on whether Jerome Powell at the Fed can pull a reverse Paul Volcker.
It is easy to recall the 1980s as being a boom time for the United States economy — a time of gleaming excess that, among other things, powered Ronald Reagan to a landslide re-election in 1984.
But the decade didn’t start out quite so sunny. And understanding the history of how the economy went from bust to boom in the early 1980s offers a surprising model for optimism about how the American economy could progress in the next couple of years.
All it would take is for the Federal Reserve to pull off a delicate economic pivot that is the mirror image of the one it managed four decades ago.
In scores of interviews throughout 2024, Latino, Black and Asian American voters, many of whom voted for Donald Trump, said they no longer trusted Democrats to improve the economy.
The Constitution sets a two-term limit for presidents. Still, Donald J. Trump has repeatedly floated the idea that he might like to stay in the White House beyond his next term.
In other testimony, law enforcement witnesses placed the suspect, José Ibarra, at the scene of Ms. Riley’s killing, mainly through cellphone and GPS tracking data.
The warning, which extends beyond the city to include 10 other counties in New York state, was announced as wildfires burned and residents continued to await meaningful rainfall.
A new curriculum would focus on Christianity more than other religions. A kindergarten lesson on the Golden Rule, for example, would teach about Jesus and his Sermon on the Mount.
A suspect was arrested Monday morning in connection with the stabbings, which occurred across a broad swath of the borough over several hours and left a third person critically injured.
The 99-year-old house on Boston’s North Shore is battered and uninhabited. And yet, it is beloved by artists and locals — so much that they helped pause its demolition.
Slashing the original $15 toll raises questions about whether a smaller revenue stream could delay projects or lead to higher costs for New York’s public transit agency.
The group’s actions in Columbus on Saturday, part of a recent pattern of white supremacist incidents in the country, were condemned by officials around the state.
As a Senate recount plays out, at least four counties are ignoring an order from the State Supreme Court that undated or misdated mail ballots cannot be counted.
The voluntary evacuation plan was put in place in areas affected by the Jennings Creek wildfire. Officials encouraged residents of 165 homes to move out temporarily.