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Rana Foroohar

October 2024

Across the divide. Kamala Harris and former Representative Liz Cheney campaigning together this week.

Why women will decide the US election

This time around, it’s women who are angry – not so much about the demise of factory jobs as the threats to abortion rights, and the economic risks posed by Trump.

Property owners assess damage after Milton passed through Manasota Key, Florida.

Americans are moving closer to climate risk. This is why

Individuals and businesses have been willing to ignore the longer-term financial and human risk of extreme weather in favour of the short-term gains.

June 2024

Times are tough in the consulting sector.

The many-sided crisis in management consulting

Artificial intelligence can increasingly do the lower end of consulting work, meaning the profession may very well be in secular decline.

February 2024

NFL fans shop at the Super Bowl. Rising wages have offset a cost of living crisis in the United States.

How America’s high-pressure economy could implode

It’s good for the time being, but you have to wonder what will happen when the valves are released.

January 2024

Why business is dumping virtue signalling for metrics

American companies are changing their approach to diversity and inclusion to improve their return on investment.

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December 2023

Job vacancies at a grocery store in Illinois. Employment, wages and other key metrics are refusing to follow historic trends in many places.

These are the factors complicating investment decisions in 2024

Economic reality in 2024 is likely to be far less binary, and much more nuanced, than many market participants and policymakers believe.

Will it be laissez-faire Trump, or America First Trump this time around?

Why CEOs must plan for a second Trump presidency

We are likely to see a harder-edged President Trump, without moderate advisers to talk him out of introducing tariffs or blaming China as growth slows.

October 2023

Actors Bob Odenkirk, left, and Jack Black join protesters outside Paramount studios in Los Angeles in September.

Workers, not tech companies, should write AI rules

As digital titans and legislators argue, the Hollywood writers’ strike has shown how employees can set the limits.

August 2023

People visit a Huawei franchise store in Beijing in April.

New US China tech ban is not only about technology

Outbound capital heading east is the target of a White House executive order, along with expertise, as the US casts a wide net to protect national security.

Chinese firms have spent the past decade developing cutting-edge technology to produce bigger, thinner wafers.

Inconvenient truths about the green transition

Getting rid of carbon and forced labour in clean energy supply chains by reducing dependence on China is a massive cost for the West.

July 2023

Margot Robbie at the premiere of “Barbie” in Los Angeles.

Barbie is a rare winner in the corporate culture wars

American business finds itself increasingly caught in the nation’s woke and anti-woke crosshairs.

May 2023

Workers assemble equipment Harbin Turbine company in northeastern China’s Heilongjiang Province.

China, US market power is a danger for all

Chinese mercantilism and European and US corporate price gouging are all parts of one problem — too much concentration of power in one place.

April 2023

An immigrant from Ecuador serves people from a food cart in Queens, New York. Immigrants are risk-takers.

The return of immigrants to the US is good for the economy

Aside from pulling more women into the workforce, increasing immigration is the only quick way to bolster the labour force in any nation.

A construction project in Manhattan’s Chelsea neighbourhood. The fallout from the recent banking crisis is bubbling up in the market for commercial real estate lending.

Shadow banks loom as new financial crisis trigger

Concerns about commercial real estate will start to expose other vulnerabilities in the financial system.

February 2023

Senator Elizabeth Warren.

The rise of kitchen table economics

Monopoly policy discussions are starting to go mainstream in the US, and that’s when business leaders should listen carefully.

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US Navy personnel recover a high-altitude surveillance balloon off the coast of Myrtle Beach, South Carolina.

China and America are locked in destructive co-dependence

The global superpowers need each other for economic reasons they would rather not admit.

January 2023

Shoppers in Manhattan. Within America, it was New York that doubled down on its status as the luxury capital of the world.

Crisis, what crisis? Luxury boom shows staying power of ultra-rich

For the world’s richest, their money – and their lifestyles – really do seem to reflect a new Gilded Era. I can’t help but wonder when, and how, it will all end.

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China’s new world energy order is taking shape

The rise of the ‘petroyuan’ should be an incentive for both the US and Europe to move away from fossil fuels as quickly as they can.

December 2022

An employee prepares a takeout order at a Portillo’s restaurant in Chicago, Illinois. Average real wage growth in the US and Canada fell to minus 3.2 per cent in the first half of 2022.

‘Wage inflation? What wage inflation?’ ask workers

Hand-wringing among policymakers about wage-price spirals is at odds with the experience of most North American workers.

November 2022

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FTX saga is just an old-style failure of a new asset

The product at the heart of the market collapse may be high-tech, but the details of how we got here mirror many aspects of the 2008 financial crisis and other periods of financial speculation.

Original URL: https://www.afr.com/by/rana-foroohar-h1fpr6