Sri Lanka's crisis cripples once burgeoning middle class
COLOMBO, Sri Lanka (AP) — Miraj Madushanka never thought he'd need government rations to ensure his family could eat two meals a day, but Sri Lanka’s economic crisis, the worst in its history, has recast his life and those of many others in its burgeoning middle class.
Biden orders emergency steps to boost U.S. solar production
WASHINGTON (AP) — President Joe Biden ordered emergency measures Monday to boost crucial supplies to U.S. solar manufacturers and declared a two-year tariff exemption on solar panels from Southeast Asia as he attempted to jumpstart progress toward his climate change-fighting goals.
Teaching Economics: Classroom Trading Game (Gains from Trade)
Get your students engaged in econ with a classroom trading game. As trade expands, wealth increases, allowing students to experience for themselves the power...
Palm oil is in half your groceries. Here's why prices might shoot up
Indonesia will start restricting exports of palm oil this week, a move that could make the global food crisis worse and push up the prices of hundreds of consumer products.
Why Global Supply Chains May Never Be the Same | A WSJ Documentary
Every day, millions of sailors, truck drivers, longshoremen, warehouse workers and delivery drivers keep mountains of goods moving into stores and homes to meet consumers’ increasing expectations of convenience. But this complex movement of goods underpinning the global economy is far more vulnerable than many imagined. Photo illustration: Adele Morgan
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Texas keeping most truck inspections despite border gridlock
One of the busiest trade ports on the U.S.-Mexico border remained effectively closed Wednesday amid new orders requiring extra inspections of commercial trucks.
Fertilizer prices hid record highs, sparking fears of a global food crisis
Russia is the largest exporter of nitrogen fertilizers in the world but, due to Western sanctions following its invasion of Ukraine, shipments have been disrupted, supplies have dried up, and prices have soared.
New interactive practice tool: Have your students identify consumer surplus, producer surplus, and total surplus in a domestic market. Then move onto identifying how consumer and producer surplus changes with international trade.
U.S. bans imports from China’s Xinjiang region, citing human rights abuses
Washington has previously warned businesses with supply chain and investment ties to China's Xinjiang province that they could face legal consequences.
Record high steel prices eat away at Michigan manufacturers | Crain's Detroit Business
Chuck Dardas, president and CEO of AlphaUSA, thought steel prices would have come back down to earth by now, but big domestic steel companies have another idea.In the past year, the spot price of steel has more than tripled. That has led to upward of $10 million in losses for Livonia-based AlphaUSA…
US trade deficit hits record $73.3 billion in August
WASHINGTON (AP) — The U.S. trade deficit increased to a record $73.3 billion in August as a small gain in exports was swamped by a much larger increase in imports. The Commerce Department reported Tuesday that the monthly trade deficit increased 4.2% in August, rising to an all-time high, surpassing the previous record of $73.2 billion set in June.
How To Trade-up From A Bobby Pin To A House : The Indicator from Planet Money
TikTok deal-maker Demi Skipper is on a quest to get a house one trade at a time. Starting with just a bobby pin, Demi gives us a crash course on the economics of bartering.
Every day, millions of tons of goods pass through ports to get to their end consumers. Here are the world's busiest ports, and how numbers have changed.