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Institute For International Economics

Latest Institute For International Economics Items
  • **FILE** Japanese Prime Minister Shinzo Abe (right) shakes hands with U.S. Ambassador to Japan John Roos during a joint announcement at Abe's official residence in Tokyo on April 5, 2013. Japan and the U.S. have agreed on plans for returning to Japan land adjacent to Kadena Air Base on the southern island of Okinawa that is now used by the U.S. military. (Associated Press)

    U.S. welcomes latecomer Japan to trans-Pacific trade talks

    Economists say the long-awaited addition of Japan to a pending trade agreement between the U.S. and the Asia-Pacific region was worth the wait, and the benefits will outweigh any slowdown in negotiations.


  • President Obama visited the TransCanada Stillwater Pipe Yard in Cushing, Okla., in March. Embarking on a second term, he faces mounting pressure on a decision he put off during his re-election campaign: whether to approve the proposed Keystone XL oil pipeline between the U.S. and Canada. (Associated Press)

    Canada minister: Build the Keystone pipeline

    Canada's trade chief made a strong pitch for the Obama administration to approve the Keystone XL pipeline during a visit to Washington on Thursday.


  • **FILE** Health workers protest outside a hospital in Pamplona, Spain, on Jan. 8, 2013, against austerity measures. Spain Treasury says it plans to borrow some euro 230 billion ($300 billion) in 2013, down from euro 250 billion last year, and expects a more relaxed year in interest rates compared to 2012 when it came close to seeking a sovereign bailout. (Associated Press)

    Economist: Too much belt-tightening risky for global economy

    The world's major economies are in a dangerous race to impose austerity policies that could spill over into another global recession, the new head of one of Washington's most influential think tanks on the economy warned Wednesday.


  • IMF chief: Put ‘fiscal cliff’ ahead of politics

    The International Monetary Fund chief on Monday encouraged U.S. policymakers to look past the "political calendars" of an election year and prevent the "fiscal cliff" from wreaking havoc on the global economy.


  • Judy Smith of Dalton, Ga., looks over paperwork as she files for unemployment for the first time since being laid off from a catering job. Though the unemployment rate dropped to 8.1 percent in August, pushed down by 368,000 dropping out of the labor force, job growth remains subpar and will not be enough to put millions back to work. (Associated Press)

    Economic recovery sending mixed signals before election

    President Obama heads into the final weeks of his re-election campaign getting little support from an economy that is growing weakly and remains threatened by political turmoil at home and economic distress overseas.


  • Mario Draghi, president of the European Central Bank, arrives for a news conference in Frankfurt, Germany, on Thursday, Sept. 6, 2012, following a meeting of the ECB governing council concerning further strategies to deal with the European financial crisis. (AP Photo/Michael Probst)

    European Central Bank unveils aggressive bond plan to save euro

    European Central Bank President Mario Draghi on Thursday unveiled a long-awaited program to buy up bonds and help bring down the borrowing costs of Europe's struggling governments.


  • Hans-Peter Keitel, president of the Federation of German Industries, tells a Washington think tank Monday that Germany feels a sense of responsibility for helping Greece, Italy and Spain recover from their economic crises. (DAPD via Associated Press)

    Germany ‘has to do as much as we can’

    Germany is well-positioned to help its neighbors emerge from the eurozone crisis, but throwing money at the problem can only do so much to help, a top German businessman told a gathering at a Washington think tank Monday.


  • Median net worth declined 35%

    For the second time in as many weeks, the federal government is out with new numbers measuring the toll the Great Recession has taken on the nest eggs of ordinary Americans.


  • Chinese Vice President Xi Jinping can be seen on a video screen as he speaks Wednesday to the U.S.-China Business Council in Washington. "Despite some twists and turns, U.S.-China relations have continued moving forward," he said. "It is on a course that cannot be stopped or reversed." (Associated Press)

    China's Xi is 'open' to greater trade

    The man in line to be China's leader for the next decade told business leaders in Washington on Wednesday he was open to a far more expanded relationship between the world's two largest economies.


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