From the editor...

“America has progressed from infancy to senility without passing through a period of maturity.” So said a character in one of Ian Fleming’s short stories in 1960. He was wrong then – or, was he, as so

The dots appear to contradict one another, puzzling observers. How to connect them? Inflation over the last five years has been double the Federal Reserve’s target. Why then, does it cut its key lendi

Poor Donald Trump. There are two major parts to the US president’s political programme: tariffs and deportations. Both are in trouble with the law. Federal judges have blocked him from swiftly deporti

The “good news” now being heralded by the US media and the administration: the take from tariffs surged to $31bn in August, setting new monthly high for 2025. Secretary of the Treasury Scott Bessent s

Last Friday, US president Donald Trump signed a proclamation entitled “Restriction on Entry of Certain Nonimmigrant Workers”, stating that a new $100,000 fee will be imposed for H-1B visa applications

Issue of the week: presidential largesse What ...