The U.S. imposed visa and export restrictions on Chinese state-owned companies and their executives involved in advancing Beijing’s territorial claims in the contested South China Sea
Real Time Economics
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Real Time Economics
@WSJecon
Economic insight from The Wall Street Journal. Want more? Sign up for our daily Real Time Economics newsletter: on.wsj.com/RTE
- Complaints about China have piled up in Western capitals in recent years, but it took Beijing’s new curbs on Hong Kong’s autonomy to galvanize them around something approaching a common cause. on.wsj.com/2OScnOH
- The bottom half of all U.S. households have 32% less wealth than in 2003. The top 1% have more than twice as much as they did then. on.wsj.com/32hOx3c
- Presidential candidate Andrew Yang says his universal basic income policy would prepare people for the 21st-century economy: "We need to wake America up to the fact that it is not immigrants that are causing these [job] dislocations, it's technology." #WSJFuture
00:00 - The Labor Department released its proposal to create a new type of apprenticeship that would be run by business groups, colleges and other entities, rather than the federal government.
- Germany managed to keep most of its factories open during the lockdown, while the government has moved aggressively to provide support for businesses and workers. Southern Europe, meanwhile, depends more heavily on tourism, which has dried up.
- WSJ scoop: The Justice Department endorsed a bill forbidding large digital platforms such as Amazon and Google from favoring their own products and services over competitors’, the Biden administration’s first full-throated support of the antitrust bill on.wsj.com/3JRyUFU
- Presidential candidate Andrew Yang sits down with WSJ's Greg Ip to discuss his universal basic income plan on.wsj.com/2QE17HL
- Joe Biden wants to raise taxes by about $4 trillion over a decade to finance his ambitious agenda. Democratic control of the Senate is the key to getting any of that done.
- Japan is giving every person in the country nearly $1,000 as part of a $240 billion coronavirus stimulus package
- The U.S. national debt will rise to 98% of GDP by 2030, CBO projects
- President-elect Donald Trump won more than three times as many states with rising unemployment as Hillary Clinton on.wsj.com/2gsRB8U 🔓
- Where inflation is highest in the U.S.: Consumer prices were up 7.3% last month in the region that encompasses Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota. Mid-Atlantic states, however, saw prices rise less.
