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Posted inOp-Eds, sj-web

The Fed pushes job creation as job one

WASHINGTON — Federal Reserve Chairman Jerome (“Jay”) Powell didn’t waste much time getting to the point at last week’s press conference. “My colleagues and I have one overarching goal: to sustain the economic expansion, with a strong job market and stable prices, for the benefit of the American people,” he said. It was a statement […]

Posted inOp-Eds, sj-web

Taking a small step on climate change

WASHINGTON — On global climate change, I have changed my mind — just slightly. I have written about this issue for more than two decades, and my theme has been monotonously consistent. As a starting point, I have accepted the prevailing scientific view that man-made greenhouse gases contribute to global warming. But I have been […]

Posted inOp-Eds, sj-web

Will the global credit boom go bust?

WASHINGTON — We are in the midst of a worldwide credit boom that may be without precedent. The debt explosion suggests that the global economy — all the national economies combined — is being driven heavily by massive government and private borrowing. Is this debt buildup stable? Or is it the harbinger of a sharp […]

Posted inOp-Eds, sj-web

China-U.S. trade war difficult to resolve

WASHINGTON — American officials traveled to China this week in an effort to end the bitter trade war between the two countries. The main obstacle to a settlement is natural rivalry: The United States is trying to protect its position as the most important superpower; and China is serving notice that it covets that status […]

Posted inOp-Eds, sj-web

Welcome to our unhappy new year

WASHINGTON — As we enter 2019, the question that looms over America is simple: Can we govern? The answer is no. Unless this changes — truly a long shot — the new year may be as disappointing as the old. Our society seems handcuffed by unsolvable problems: large and persistent budget deficits; global warming; uncontrolled […]