FROM Gus Faucher
Economic Trouble in an Election Year For the first time since the markets reopened after September 11, the Federal Reserve today stunned Wall Street by making an emergency cut in interest rates. In 2001, it was a half a percentage point; today it was three-quarters, a week earlier than expected, and bigger than any such cut since 1982. The Dow plunged anyway, then went back up in supposedly hard-hit sectors, including home-repair and high finance. Overall, the markets were down. Is a recession around the corner or already here? The White House and Congress are working up a " fiscal stimulus package ." Will it make things better or worse? What's the role of election year politics?
America's top diplomat faces challenges in Asia Whatever happened to America's "pivot to Asia?" That's just one of the questions left hanging since Rex Tillerson's first trip there as Secretary of State. Is the Trump Administration hoping to change Foreign Policy or maintain the status quo?
East Asia: President Trump's first foreign policy test Starting with North Korea's latest test of nuclear missiles, a chain of events is causing instability in Asia. Could it turn into the first real foreign policy crisis of the Trump Administration?