FROM John Authers
Panic in Chinese Stock Market Cause Global Jitters For the sixth day in a row, China's tumbling stock market is sending jitters around the world. Markets in Europe and the United States took another dive today, and billionaire investor George Soros is warning of more trouble to come. John Authers is US senior investments commentator for the Financial Times .
Labor Report Suggests Smaller-than-Expected Job Losses The Labor Department's latest report on employment is not due until Friday, but stocks rose today on news that the job decline during April was not as bad as expected. John Authers is Investment Editor at the Financial Times , where he writes the "Short View" column.
The Global Consequences of America's Financial Crisis The Wall Street rescue failed in the House. Now the Senate will take up a similar bill tonight, with support from John McCain , Barack Obama and Joe Biden . Some advocates are saying the pros and cons of specific provisions are not what matters. The real issue is restoration of confidence in the financial system. Meantime, banks are in trouble in Britain, France, Belgium, the Netherlands—Ireland and Iceland, and leaders are saying the US has a special responsibility to act and act now. Would foreign banks get part of the bailout money? What about countries which buy American debt, including Russia and China? Is America's financial leadership what's really at stake?
The President and America's infrastructure: Bait and switch? President Trump's $1 trillion infrastructure proposal may not be what it seems. We look at the prospects for much-needed improvements in roads, bridges and airports.
Trump's opening offer: Making some of America 'great again?' A massive increase for the Pentagon at the expense of domestic programs. We hear about winners and losers in the President's first proposed budget.
Trump, Russia and rabbit holes Conservatives are now joining liberal critics of President Trump by demanding to know about his administration’s ties to Russia. We hear about Washington latest political flap and possible unintended consequence.