HONG KONG — In his book on deal making, President Trump offered a key piece of advice on getting what you want: Promise big. “I play to people’s fantasies,” he said in 1987’s “The Art of the Deal.
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A few weeks after the election, Gary Cohn, the president of Goldman Sachs, was summoned to Trump Tower for a discussion about the economy.
Kay Abramowitz has been working, with a few breaks, since she was 14. Now 76, she is a partner in a law firm in Portland, Ore. — with no intention of stopping anytime soon.
Suppose there were a way to pump up the economy, reduce inequality and put an end to destructive housing bubbles like the one that contributed to the Great Recession.
House Republicans have an ambitious plan for overhauling the way American businesses are taxed. A short list of the plan’s potential benefits looks awesome: It would give companies more incentive to keep jobs in the United States, less to overextend themselves on borrowed money and provide vast savings by reducing what companies spend on tax lawyers, who help them game the current system.
After Intel and Foxconn said they would build advanced factories in America, it might have seemed as if the United States were gaining high-end manufacturing momentum. But on Friday, the California-based chip maker GlobalFoundries announced a $10 billion project in China, showing how the center of gravity continues to shift across the Pacific.