Image Credit: The White House from Washington, DC - Public domain/Wiki Commons

A Venezuela shift could lift oil output, but not as much as hoped

Any political opening in Venezuela is instantly read through the lens of oil markets, with traders imagining a wave of new barrels that could cool prices and ease pressure on consumers. The reality is more constrained: even a friendlier regime and looser sanctions would collide with years of underinvestment, decayed infrastructure and a transformed global…

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How economics wrecked the world and how we can escape ‘Ricardo’s Dream’

For two centuries, mainstream economics has promised that abstract models and free markets would deliver prosperity, stability and even peace. Instead, the world is living with spiraling inequality, ecological breakdown and a politics warped by financial power. The story of how a stylized theory of trade and human behavior escaped the seminar room and captured…

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EV sales are rising worldwide, but North America is lagging

Electric vehicles are no longer a niche experiment. Around the world, battery-powered cars are moving into the mainstream, reshaping auto markets and forcing legacy manufacturers to rethink their futures. Yet even as global sales accelerate, the North American market is cooling, creating a widening gap between the United States and regions that are treating electrification…

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Inflation is still too high—2 Fed dissenters explain rejecting the rate cut

The Federal Reserve has now cut interest rates for the third straight meeting, but the decision was anything but unanimous. Three officials broke ranks, arguing that with inflation still running above target, easing policy again risks repeating past mistakes rather than locking in the progress already made. Their dissents offer a rare window into the…

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