When is a trade pact less like a marriage and more like a renewal of vows? Perhaps that’s the best metaphor for the U.S.-Mexico-Canada-Agreement (USMCA), the successor to the North American Free Trade Agreement (NAFTA). Given the close integration of the three economies, this new agreement is more about renewing and enhancing decades-long ties than starting a new life together.
By: Myron Brilliant All eyes will be on President Donald Trump and Chinese President Xi Jinping when they meet this week at the G20 summit in Japan. The stakes couldn't be higher. This summit offers an important chance to stave off a prolonged trade war between the world's two largest economies, one that would throw the entire global economy into a tailspin.
Amid all the talk of a possible recession, it’s important for everyone to remember this: Economic expansions do not die of natural causes. They often die because of missteps and policy mistakes. And the biggest mistake our leaders could make right now — putting our economy at greater risk of a downturn — is to stoke further uncertainty.
By: Christian Zur As Congress takes up the annual defense budget, it is worth acknowledging the comfort and quality of life to which we are accustomed owes its legacy in no small part to the collaborative force of the greatest public-private partnership in American history: the defense-industrial base.
By Thomas J. Donohoe and Richard Trumka
When you stand still on trade, you fall behind. Nowhere is this more apparent for the United States than in Japan, the world’s third largest economy and long a top market for U.S. exports. It’s also why the U.S. just launched negotiations for a trade agreement with Japan.
Elizabeth Warren was one of my best law-school professors, but her political ambitions seem to have suppressed her once-reasonable instincts, particularly regarding corporate regulation. One of her recent proposals, the Corporate Executive Accountability Act, would upend hundreds of years of U.S. legal tradition and wreak havoc in boardrooms.
Daniel Speer had a simple task: Visit three clients of his home remodeling company in and around Washington, D.C.
While few were watching since the shuttle stood down in 2011, a new and reinvigorated agency is emerging with a vision that should captivate even the cynics. Under Space Policy Directive 1 (SPD-1), NASA and the ISS National Laboratory are accelerating the nation's push into commercial space. With an expected trillion-dollar space economy to come, the ISS can play a defining role in the formation of the industry.
In Washington, as the age-old adage goes, budgets determine policy. That is certainly the case with space—and the ramifications for our national and economic security are enormous. If Congress fails to provide NASA with critical resources in future budget legislation, American space dominance will atrophy and we will all suffer the consequences.
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Weekly insights and analysis from the intersection of government and business.
