Todd N. Tucker

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Wind turbines near Zaragoza, Spain, December 2005. Gustau Nacarino / Reuters

Tensions roiled the annual World Economic Forum meetings in Davos earlier this month. Anxious diplomats and business leaders wondered whether China and the United States might de-escalate their confrontation and bury the hatchet. While continuing to endure a pandemic that has upended everyday life for years, Europeans have grappled with the ramifications of Russia’s invasion of Ukraine in the form of an unprecedented cost-of-living crisis.

But the forum also witnessed a more surprising confrontation. The United States and its European allies found themselves at odds over recent U.S. economic legislation. European policymakers accosted Senator Joe Manchin, Democrat of West Virginia, for his role in finalizing U.S.…  Seguir leyendo »

Politics in Britain are imploding, and not only because of Brexit. This week, Boris Johnson’s Tory government announced that it would be ditching its party’s program of economic austerity and boosting spending on public services to a level not seen in 15 years. On the other side of the aisle, Jeremy Corbyn’s Labour Party has overhauled the 1990s New Labour agenda and outlined a plan to redistribute ownership of companies to the public and workers. Regardless of the eventual outcome of London’s negotiations with Brussels, if Labour wins the next election, Britain’s domestic economic policy may be fundamentally remade.

Economic commentators and reporters have speculated that Labour’s plans could be hamstrung by the U.K.’s…  Seguir leyendo »