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A trend toward goods and components made by unionized American workers may mean higher prices for consumers. In photo: United Auto Workers members attend a rally in Detroit on Sept. 15, 2023. (AP Photo/Paul Sancya, File)
Politics & Society Short Take
February 26, 2024
Geopolitical crises and the aftereffects of Covid are prompting the United States and other nations to find alternatives to globalization in education, trade and environmental protection.
Pope Francis speaks with bishops from Colombia on the final day of their “ad limina” visit to the Vatican on March 24, 2023. (CNS photo/Vatican Media)
Faith Short Take
September 22, 2023
Seeing the pope every five years is not enough.
A representative of Silicon Valley Bank talks to people waiting outside the bank in Santa Clara, Calif., on March 10, 2023. The nation's 16th largest bank is the biggest to fail since the 2008 global financial meltdown. (AP Photo/Jeff Chiu, File)
Politics & Society Short Take
April 04, 2023
Why do banking crises keep happening? When depositors are protected, some banks cannot resist making risky loans. And paying fines for doing so has become a usual cost of doing business.
Treasury Secretary Janet Yellen, seen here in a 2022 photo, has notified Congress that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default. (AP Photo/Cliff Owen, File)
Politics & Society Short Take
January 18, 2023
Refusing to raise the cap on our national debt would not lead to reduced government spending. But it would endanger economies all over the world.
Politics & Society Short Take
July 07, 2022
We can't let inflation go unchallenged. President Biden is running out of time before investment dries up because of confusion and fear.
Politics & Society Short Take
December 20, 2021
President Biden is playing the long game in trying to revitalize the economy after Covid. It may take a long time to figure out how to measure the results.
Politics & Society Short Take
February 17, 2021
Jesuit economist: We should think of a minimum wage hike as a tool to increase investment and sustain a post-Covid recovery.
Politics & Society Short Take
February 03, 2021
The parallels to the post-pandemic Roaring ’20s of a century ago are striking. But we have learned how to fine-tune fiscal policy in order to avoid a boom-and-bust cycle.
Should the U.S. reopen all at once or one screen at a time? A woman walks past the closed Lakeshore Cinema in Euclid, Ohio, on May 6. (AP Photo/Tony Dejak)
Politics & Society Short Take
May 07, 2020
We are facing an unprecedented global crisis, which makes it unwise to seek an abrupt return to life as usual, writes Paul D. McNelis, S.J., our contributing editor for economics.
A pedestrian walks past the New York Stock Exchange on March 19. (AP Photo/Kevin Hagen)
Politics & Society Short Take
March 20, 2020
The federal government has the tools to stabilize the economy in the wake of coronavirus, writes the economist Paul D. McNelis, S.J. We cannot settle for delayed and piecemeal responses.