The Democrat’s $1.8 trillion family plan is the latest in a suite of measures that would remake the tax code and social welfare programs.
Season 5
The answer will have big consequences for the global economy.
Author and Professor Mariana Mazzucato explains why the obvious solutions to the world’s biggest problems aren’t being implemented.
After a very long, dark year, things are looking up for the U.S. recovery.
All over the world, the pandemic’s scars are easy to see. And it’s not over yet.
Season 4
Some sectors are bouncing back while many others are getting worse.
The specter of mass unemployment remains eight months after the pandemic began. Now governments have some hard choices to make.
But not everyone is happy with the prospect, especially desperate businesses who want things to go back to normal.
The coronavirus has hobbled economies all over the globe. But with that destruction comes new opportunities.
While the world waits to see who will be U.S. president for the next four years, what can we say about the nation’s economic record over the previous four?
Thanks to the pandemic, the largest group of young adults in the world may not do better than their parents.
Veterans of previous financial calamities discuss whether Main Street, or just Wall Street, is getting a helping hand.
The coronavirus is exacerbating tensions between those in power, and those who will pay the price for years to come.
How the U.S. may stop worrying about debt and instead focus on rethinking fiscal policy.
Internet companies have long been the target of complaints that they don’t pay their fair share. So how do you build a system for the digital global economy?
The need to keep businesses open while protecting workers is accelerating the trend toward automation.
Bank of England Chief Economist Andy Haldane gives his take on 2021.
What does the new year hold in store for markets and the economy?
The coronavirus has killed 360,000 in the U.S. and upended the lives of millions more.
Fear of illness, strict lockdowns, isolation and unemployment weighs on the hearts and minds of people all across the globe.
A familiar face in Washington, she is back to take the reins of the U.S. economy.
Don’t confuse rebound with recovery.
Series 3
In a matter of weeks the Covid-19 virus has turned the world upside down. In the start of a new season of Stephanomics, James Mayger and Zhu Lin report from China - the original epicenter of the virus – on how truck drivers there are trying to get back to normal.
Modern Monetary Theory may be having its moment, thanks to the Covid-19 pandemic.
Gita Gopinath, in her second year as the IMF’s chief economist, is projecting the worst global downturn since the Great Depression. She talks with Stephanie Flanders about what the international community needs to do now and what lessons policymakers should take away from the Covid-19 pandemic and its fallout.
Going back to work seems less scary than shopping or eating out.
Luring customers out of their homes and into a public setting will be difficult as long as the coronavirus remains a threat.
When the U.S. economy goes south, the last in are usually the first out.
Thanks to the coronavirus, workers are headed home or stranded abroad. Will they return when the pandemic is over?
But the news isn’t all bad: New professions are appearing along the path to recovery.
What the global pandemic may mean for international relations, and maybe a better future.
Travel is limited, outdoor dining mandatory and police decide how many tables are allowed.
The surprise jobs numbers last week hid another grim reality about the coronavirus recession.
During the pandemic, they are closing at more than twice the rate of those run by white entrepreneurs.
The two famous economists have very different takes on what comes next.
The pandemic’s rupture of global trade networks has companies and governments looking closer to home. It may not be that easy.
There may be no better place to learn how to restart an economy.
Some think governments should let teetering firms go bust. But this may not be the time.
What are the generational implications of closing down economies to protect the most vulnerable?
Series 2
Senior trade reporter Shawn Donnan heads to the front lines of the US-China trade war in Wisconsin, and Stephanie talks through its global impact with Penny Goldberg, chief economist at the World Bank.
Growth has been slowing around the developed world — not just in recent months but for decades. One potential reason is that women are having fewer babies.
The macroeconomic kind of economist tends to get the most attention - talking about growth, inflation and whether interest rates should go up or down. But it’s the micro economists working away quietly on smaller parts of the economy who have typically done most to change the world.
Why does the International Monetary Fund keep lending to a troubled country like Argentina? And what's the future of the IMF anyway? That's the focus of this week's episode, which covers some of the hottest topics during last week's annual meeting of the fund, which brought together officials from 189 countries along with experts from around the world.
Economies represent the ultimate sum of millions of people and businesses making millions of decisions. And if enough of those businesses are frozen on how to respond to the U.S.-China trade war -- like the owner of a Los Angeles cosmetics company featured in this week's episode -- then the U.S. economy will be in trouble.
The 2020 U.S. presidential election may be a year away but one policy idea is already stirring fierce debate: a big-time tax on the richest Americans. Katia Dmitrieva reports on why Bernie Sanders and Elizabeth Warren want to implement a wealth tax, and how it might work. Many economists have also been warming to the idea of taxing wealth.
The trade war may be hiding longer-term risks for American technology.
This week’s episode of Stephanomics comes to you from Beijing, where Bloomberg hosted the second annual New Economy Forum, bringing together global leaders to discuss how to solve the world’s biggest challenges.
What does the business of flashy superyachts for the megarich have to do with the health of the U.S. economy? A lot, it turns out. They’re often seen as a barometer of consumer spending, and as the holiday shopping season gets in full swing, all eyes are on American wallets.
Will the Conservatives loosen the purse strings and spur a growth revival? Can Labour realize its vision of radically reshaping the U.K. economy? How will the course of Brexit be altered?
Paul Volcker, the former Federal Reserve chairman who died this week at age 92, was an imposing public figure—in height as well as stature.
He was best known for his bold moves in the U.S. war against inflation, and for his dedication to public service. But there was more to the man, as Bloomberg Markets editor Christine Harper discovered as she worked with Volcker to co-write his 2018 memoir, “Keeping At It.”
America slapped tariffs on holiday lights made in China, the world’s dominant supplier. So Bloomberg reporter Michelle Jamrisko went to Hanoi to find out whether the numbers are really true—the ones that show exports of Christmas lights from Vietnam are surging as a result.
Stephanie Flanders and economist Tom Orlik lead a roundtable discussing what will, and probably won’t, happen in the new year.
In Greece, anyway. The government there is struggling to attract the kinds of workers it needs most.
With school funding left to state and local governments, less fortunate communities face an uphill battle.
Stephanie Flanders discusses the most pressing topics at this week’s World Economic Forum.
How a crisis can bring bickering nations together.
The author of “Capital in the Twenty-First Century,” a controversial 2014 book on capitalism and the wealthy, says “Capital and Ideology” takes a broader view.
Series 1
Fortnite may be the biggest video-game phenomenon with more than 200 million registered players. It's also a good place to start if you want to understand globalization -- and the new directions the global economy is taking today.
The trade war between the U.S. and China is taking a toll on growth in the world's two largest economies, but there's another nation where the tariff battle is producing a clear winner: Vietnam.
Of the many forces driving the wave of hiring across the U.S. in recent years, technology is typically not on the list because automation and artificial intelligence tend to be seen as job-killing rather than job-enhancing. Craig Torres visits a hospital where new technologies are actually creating the need for more — not fewer — employees.
Will a dose of free-market policies -- from a populist politician, no less -- finally bring Latin America's biggest economy back to life? On this week's episode of Stephanomics, Bruce Douglas visits the region's busiest port to get a taste of what's ailing Brazil -- and the possible cure.
Many older Americans are living longer and are happy to keep working. Others can't afford to retire. Those are just a couple of the reasons why people over age 65 are swelling the ranks of U.S. employees in recent decades. On this week's episode of Stephanomics, Matthew Boesler takes a closer look at this phenomenon and how it's reshaping the world's largest economy.
Where are there more millennials than in North America, Europe and the Middle East combined, who are vastly different from their parents' generation? China, of course. Kevin Hamlin reports on how these young people are redefining the world's second-biggest economy -- and also the world.
Germany's engineering prowess has driven the nation's economic success for decades. Now that model is being questioned thanks to rising protectionism, slowing global growth, new technologies and Germany's own underinvestment in its infrastructure.
The longest economic expansion in the developed world may not be much longer for this world -- and that fear helped drive the shock election result in Australia last week.
On this week's episode, former Obama administration official Wendy Cutler draws on her deep experience as a trade negotiator to offer her views on the tariff standoff between the U.S. and China.
If you live in the U.K., your workweek could soon be a day shorter if the political winds tilt more heavily toward the left. Jess Shankleman reports on how the proposal is gaining momentum and how it might affect Britain, then Bloomberg Opinion columnist Noah Smith joins host Stephanie Flanders for a deeper look at the economic questions raised by the four-day week.
Workers around the globe are in for a shock in coming decades as automation transforms the workplace and maybe destroys their jobs. But for Nobel-winning economist Christopher Pissarides, it's not all dismal. Host Stephanie Flanders has an extended talk with the London School of Economics professor about the upsides of automation and how Europe may actually be well-positioned to survive this transition.
Hear a special recording of Stephanie's engaging live panel discussion this week in London with two of the city's most prominent economic voices, HSBC Chief Economist Janet Henry and the Chief Economic Advisor to the UK Treasury, Clare Lombardelli. They discuss an increasingly hazy outlook for the world economy and offer their unique perspective on women and diversity in the economics profession -- or lack thereof.
The world’s second most-populous economy has seen a step change in its economic performance in the past 20 years but job growth keeps coming up short. Less than half of the working-age population is in work or even looking for a job -- and nearly 80% of women are not in the workforce at all.
This week we bring you a special conversation between host Stephanie Flanders and Financial Times columnist Martin Wolf. They try to make sense of the rise in populism in recent years, what it means for the global economy, and whether it spells the end of liberal democracy. The event was recorded in London on July 1.
Donald Trump’s trade policies have created winners and losers around the world. Among the big losers so far, count Spanish olive farmers. Their exports to the U.S. were hit with a huge tariff last year. U.S. officials claimed they had been undercutting California olive growers by selling Spanish olives on the cheap. Though barely a blip on the global trade war, it has been very bad news for the olive groves of southern Spain. But business is booming for Europe’s aluminum industry, especially its exports to the U.S., despite President Trump’s tariffs. What gives?
The yellow-vest protests that shook France last year may be over, but the forces of political and economic anger continue to ripple around the world. Stephanie visits the City of Lights to speak with two key figures about how the country is faring and how major nations' finance chiefs are tackling these issues -- as well as Facebook's proposed digital currency, Libra -- at this week's Group of Seven meeting in France.
Under pressure from President Donald Trump, Mexico is cracking down on migrants coming from its own southern neighbor, Guatemala. But the hit to the local economy could have unanticipated consequences for the U.S. Also, this month marks 75 years since the Allied powers gathered at the Mount Washington hotel to lay the groundwork for the post-World War II economic order.