Why are US employers hung up on hiring PhDs?

FOR a few lucky, talented and highly educated workers, the US job market is booming. Artificial-intelligence researchers sometimes make more than US$1 million a year. In the more general field of data science, salaries continue to rise despite a flood of new supply.


The economy can't shrug off the shutdown forever

FOR months now, commentators and economists have been warily eyeing the US economy and asking what will cause the next recession. Risky corporate debt seemed to be building up in the system, but with profits robust and interest rates low, servicing the debt didn't seem to be a problem. The...


Huawei case reveals the real US trade war with China

IF you only scan the headlines, you could be forgiven for thinking that the US-China trade war is mainly about tariffs. After all, the US President and trade-warrior-in-chief has called himself "Tariff Man"....


Tariff Man's trade war will claim innocent victims

IN a series of tweets this week, President Donald Trump announced that he was a "Tariff Man", trumpeting the revenue raised by tariffs and declaring that import taxes would maximise the US' economic power....


Carrot-and-stick approach to make China go green

CLIMATE CHANGE is a menace. The Intergovernmental Panel on Climate Change (IPCC) just issued a report showing how serious the situation is. If warming continues on its current trajectory, the report warned, then by the end of this century average temperatures will be four degrees Celsius higher...


The future is in Africa, and China knows it

DURING the past decade, China has been investing a lot of money in sub-Saharan Africa: some Western observers worry that this represents a new form of colonialism. Given the continent's history with European conquerors and rich countries trying to cheaply exploit its natural resources, that...


Housing is back, but the American dreamĀ isn't

THE housing market has made a remarkable - if partial - recovery since the disaster that befell it 10 years ago. In the years since the crisis, the market has recouped about two-thirds of the value it lost in the crash: But unlike in the early 2000s, when housing became a vehicle for broad-based...


Trump is fighting wrong kind of trade wars

THERE are two kinds of trade wars: dangerous ones, and dumb ones. The former is the kind that risks hurting the economy, but has the chance of winning valuable concessions from trading partners and ultimately increasing the gains from trade. The second is the kind that hurts the country, even if...