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3 mins read

The Ukraine war exposed serious flaws in some of the most sophisticated US weapons systems

The US is studying the Ukraine war for clues on conflicts of the future.

Tom Porter   


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3 mins read

2 war experts say British armor has the same production flaw that contributed to Nazi Germany's downfall

Western armor beats its adversaries one-on-one, but World War II showed that mass wins wars, Hamish…

Matthew Loh   


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2 mins read

The Fed is focusing on 'flawed' data and keeping rates high will result in a big policy mistake, economist says

Various indicators show the Fed may be looking at the wrong data points to inform its higher-for-lo…

Yuheng Zhan   


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2 mins read

United CEO says ultra-low-cost airlines like Frontier are 'going out of business' thanks to poor customer service and a 'flawed' business model

In a candid interview, United Airlines' CEO criticized cheaper competitors like Frontier and Spirit…

Taylor Rains   


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2 mins read

Trump 2.0 would be destructive for the economy, as the former president embraces 'crank' doctrine and economic fantasy, Paul Krugman says

Trump's first term showed he's prone to "magical thinking," and his economic doctrine would hobble …

Jennifer Sor   


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5 mins read

YouTube's mass exodus of stars and TikTok's potential US ban shows the uncertainty of the creator economy

YouTube changed how we watch videos. A departure of creators might lead to its own shift.

Dan DeFrancesco   


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2 mins read

One of the most commonly cited recession indicators that's been flashing red has a major flaw, NDR says

"One day the economy will go into recession, but it won't be because of repeated warnings from the …

Matthew Fox   


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3 mins read

OpenAI CEO Sam Altman unveils vision for AI's impact on economy and society at WEF Davos

In a Davos session themed 'Technology in a Turbulent World,' Sam Altman, CEO of OpenAI, delved into…

ANI   


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2 mins read

A GOP senator wants to fix a big flaw in the child tax credit so it pays out more when prices rise

The plan from Sen. Chuck Grassley does not restructure the program into a monthly cash benefit like…

Joseph Zeballos-Roig   


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2 mins read

Sanctions have not crushed Russia because it's not a state-run economy as the West's 'fairy tales' suggest, says a Russian economist

Russia's economy is humming along because most employment is concentrated in the private sector, wh…

Huileng Tan   


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4 mins read

Congress treats the Congressional Budget Office like a crystal ball for legislation, but one economist says their models are built on flawed assumptions

Economist Mark Paul says the office's cost-benefit analysis of Biden's Build Back Better plan false…

Paul Constant   


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3 mins read

A government watchdog says the Labor Department has been releasing flawed data — and finds that most states underpaid jobless Americans

The GAO's report signals the virus' economic fallout may be greater than first believed and that ai…

Ben Winck   


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5 mins read

A student-loan worker who enrolled people in the first income-based debt-repayment plans says it was 'a bad program from the very beginning'

"We didn't even want to tell people about loan forgiveness ... because we knew how unlikely it woul…

Ayelet Sheffey   


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3 mins read

Ayelet Sheffey   


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2 mins read

Student-loan borrowers can now submit comments to Biden's Education Department on its plans to improve debt relief

If you have a thought on Biden's proposals to improve student-loan forgiveness programs, you have 3…

Ayelet Sheffey   


Ayelet Sheffey   


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2 mins read

Biden's top student-loan official says he's 'pushing hard' to give public servants more time to apply for debt relief

Student-loan borrowers have until October 31 to use the Public Service Loan Forgiveness waiver — bu…

Ayelet Sheffey   


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2 mins read

Biden's Education Department has wiped out $8.1 billion in student debt for 145,000 borrowers following reforms to a loan forgiveness program

Biden made it easier to qualify for the Public Service Loan Forgiveness program — but student-loan …

Ayelet Sheffey   


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3 mins read

The White House is weighing sending Americans gas rebate cards, an idea they previously nixed because of chip shortages, report says

Gas rebate cards would also require congressional approval and there'd be no way to guarantee they'…

Grace Panetta