Showing results for "Truth about the World" in Social Sciences

Just because a US presidential candidate bashes free trade on the campaign trail does not mean that he or she cannot embrace it once elected. After all, Barack Obama voted against the Central American Free Trade Agreement as a US senator and disparaged the North American Free Trade Agreement (NAFTA) as a presidential candidate. In office, however, he came to champion the Trans-Pacific Partnership (TPP), a giant trade deal with 11 other Pacific Rim countries.

In the wake of the financial crisis of 2008 and the Great Recession that followed, many economists worried that even if the US economy improved, unemployment would remain high for years to come. Some warned darkly of a “jobless recovery.” Those fears have proved unfounded: since peaking at ten percent in October 2009, the US unemployment rate has fallen by half and is now lower than it was in the years leading up to the crisis.

"A Convenient Truth About E-Commerce" is from the Business section of The New York Times. It was written by Matt Richtel and narrated by Keith Sellon-Wright.