American think tank in Washington, D.C. focusing on economics, policy, and governance.
A wave of new findings shows AI adoption is reshaping hiring and skill needs. High-intensity AI users are growing headcount, while AI-native firms are restructuring teams and boosting senior talent shares. Scottish businesses are adopting AI rapidly but face expertise and trust gaps. The evidence comes from Ramp/Revelio, Harvard/INSEAD, BCG, and national outlets.
President Donald Trump has overridden the NATO agenda at a summit in Ankara by pressing allies to boost defence spending, threatening trade with Spain, and floating withdrawal of US troops from Europe. He has also signalled he will lift sanctions on Turkey and is considering selling F‑35 jets and engines to Ankara, prompting Israeli and European alarm.
NATO leaders reaffirm an Article 5 commitment while European defence spending rises. Trump criticises allies over Iran war and defence budgets, threatening trade measures and debates over Greenland. Ukraine receives new aid and weapons deals are announced, but unity appears fragile as divisions persist.
Germany and France have stepped up cooperation on nuclear deterrence, with Berlin participating in a French-led exercise and reaffirming NATO commitments. The move signals deeper European defence self-reliance amid questions about U.S. security guarantees, while stressing that NATO’s umbrella remains intact.
China’s CXMT has raised about $8.6-9.8 billion in its STAR-market IPO, underscoring Beijing’s drive for tech self‑reliance. The stock surged on debut but faces headwinds from limited access to EUV tooling and ongoing competition from Samsung, SK Hynix and Micron. Analysts say long-term success depends on closing technology gaps, not investor enthusiasm.
A coordinated U.S.-Japan intervention in late July has only temporarily strengthened the yen. The currency has given back roughly half the gains from the operation and is trading near ¥159–¥160 to the dollar as of mid-August. Analysts say the yield gap between U.S. and Japanese debt and Japan's domestic policy mix are keeping downward pressure on the yen.
A new Empower analysis shows Americans’ net worth rises with age, reaching into the trillions for Silent and Baby Boomer generations. Younger generations trail, though 401(k) saving and IRA contributions are increasing. The shift signals a historic intergenerational wealth transfer that funds consumption and retirement across decades.
The United States debt has reached $40 trillion as long-term yields hit their highest since 2007, signaling rising borrowing costs. Analysts warn that higher rates could push up mortgage, auto, and consumer borrowing costs, while policymakers debate how to slow deficits and stabilize financing.
A mix of mortgage rates remaining elevated and inventory growth is shaping US and UK housing markets. Cash sales have cooled, financed buyers are gaining ground, and prices show modest changes in several markets. Analysts warn of continued affordability challenges and potential further rate-related pressure.
Mortgage costs are drifting higher amid rising swap rates and gilt yields driven by inflation and geopolitical tensions. Homebuyers are urged to fix rates now as remortgaging comes due for hundreds of thousands in 2026.
Courts have blocked a White House plan to require voter lists and standardized envelopes for mail ballots, delaying implementation as midterm ballots approach. The rules have been challenged as unconstitutional, with lawsuits arguing only states and Congress can set election procedures.
Global government bond yields have risen to multi‑decade highs this week after renewed US–Iran fighting pushed oil toward $90–$97 a barrel and revived inflation fears. Governments from the UK to the US and Japan have paid higher borrowing costs; central banks are signalling tighter policy and markets are pricing more rate rises, lifting mortgage and corporate loan rates.
The Postal Service’s plan to implement Trump-era mail ballot procedures has been temporarily halted by a federal judge and is being appealed. Whistleblower allegations describe a rushed setup that could disenfranchise voters if implemented before the midterms, with the Supreme Court weighing next steps.
Voters head to the polls as midterms approach, with forecasts suggesting Democrats may defend the Senate and House in a challenging political climate. Inflation, Iran tensions, and Trump-era dynamics are shaping campaigns and fundraising. Maps and debates are intensifying as campaigns stress costs and stability.
Industry leaders are urging a slowdown in AI development as concerns over safety and governance intensify. Frontline labs advocate for guardrails and international coordination, while some executives push for market- driven incentives to secure safer innovation. IPO plans by frontier labs add urgency to the debate.
Census data shows real median household income has risen to a record $87,460 in 2025, offset by continued disparities: top earners pull away while lower- and uninsured households see limited gains. Women’s pay climbs, but the gender gap remains wide. Health coverage holds steady despite ongoing affordability concerns.
AP News reports that President Trump is welcoming Chinese leader Xi Jinping with a state visit and a high-stakes push to redefine economic ties, even as critics warn of social and political tensions. The administration has secured stakes in more than 30 private companies, including Intel and Westinghouse, as part of a broader strategy, while Republicans mount attack lines over socialism and government involvement in the economy.
The Biden-era SAVE program is being exits with a 90-day window to switch plans; millions are still in SAVE with debt swelling from interest, threatening retirement plans. Reports show high parent PLUS loans persist with six-figure balances for some borrowers, despite relief for others.
Trump and Xi have extended a one-year trade truce by two months while pressing for broader deals on AI safeguards, Taiwan arms sales and tech access. Xi has announced panda exchanges to Zoo Atlanta as a symbol of friendship. Both leaders aim to avoid conflict while signaling strategic parity in a high-stakes contest.