Impact of Tariffs on the Economy

Larry Summers is very worried about the impact of tariffs on the economy, predicting a massive loss in trillions of dollars. However, other economists like Jason Furman offer a more level-headed perspective, suggesting that the market reaction reflects short-term pain but may not accurately predict long-term gains.

Mexican President-elect Claudia Sheinbaum's Proposed Judicial Reforms

Mexican President-elect Claudia Sheinbaum plans to encourage broad discussions on proposed constitutional reforms, including a judicial overhaul that has raised concerns among critics and spooked markets. The reform would replace appointed Supreme Court judges with popularly elected ones, potentially altering the balance of power in Mexico.