Latest news with #Posen
Axios
a day ago
- Business
- Axios
The U.S.-China leverage game
Negotiations usually boil down to leverage — specifically, who has more of it. In the U.S.- China talks underway Monday in London, the question of who has the upper hand boils down to macro- versus micro-economics. The big picture: A slew of data out of China shows the massive cost that U.S. tariffs impose on the Chinese economy, reflecting both underlying economic weakness and what the nation stands to lose if no trade peace is reached. The U.S., meanwhile, has had a run of perfectly solid macroeconomic data, but has much to lose if China continues throttling supplies of rare earth minerals and other specific goods that U.S. industries desperately need. State of play: All is not well for the fundamentals of China's economy, and plunging trade with the U.S. exacerbated those problems. Chinese exports to the U.S. fell 34.5% in May from a year ago, according to Chinese National Bureau of Statistics data out Monday. Its imports from the U.S. also fell, by 18%. Consumer prices fell for the fourth consecutive month, the bureau said, while producer prices fell the most in nearly two years. The mix of moribund export activity and falling prices compounds the nation's challenges grappling with a property bust and debt overhang. Yes, but: That might make Chinese negotiators eager to make a deal. After all, the nation's leadership views maintaining stable economic conditions and good living standards as crucial for their own hold on power, and collapsing exports to the U.S. undermine that goal. But they have plenty of leverage of their own, tied to U.S. reliance on very specific Chinese exports. Reality check: China's power in this standoff is tied to its ability to restrict exports of rare earth minerals, certain electronics, and pharmaceuticals. By throttling a handful of export categories, China can potentially exact damage on the U.S. economy that's far larger than the dollar value of the lost trade flows. Adam Posen, president of the Peterson Institute for International Economics, argued in an influential essay this spring that this means China has "escalation dominance," the power to escalate or de-escalate according to its goals. What they're saying: "The United States gets vital goods from China that cannot be replaced any time soon or made at home at anything less than prohibitive cost," Posen wrote in Foreign Affairs. In the event of aggressive escalation, he wrote, the U.S. "will face shortages of critical inputs ranging from basic ingredients of most pharmaceuticals to inexpensive semiconductors used in cars and home appliances to critical minerals for industrial processes including weapons production." The intrigue: The Wall Street Journal reported Monday morning that President Trump has authorized his negotiating team to loosen export restrictions on jet engines and other products as part of the talks, citing people familiar.
Yahoo
6 days ago
- Yahoo
Man dies after being pulled from Lake Michigan near Burnham Park
An autopsy is scheduled for Thursday for a Posen man who died after he was pulled from Lake Michigan on the city's South Side. The victim, a 28-year-old man, was pulled from the lake at the 3900 block of South DuSable Lake Shore Drive near Burnham Park about 9:50 a.m., according to Chicago police. The man, identified by the Cook County medical examiner's office as Marcelino Perez, was taken to University of Chicago Medical Center, where he was pronounced dead. An autopsy will confirm whether Perez died from drowning. As the area moves into summer, Lake Michigan has already seen at least six deaths this year, according to the Great Lakes Surf Rescue Project, which keeps statistics on Great Lakes deaths and stresses lake safety.
Yahoo
6 days ago
- Yahoo
Man dies after being pulled from Lake Michigan near Burnham Park
An autopsy is scheduled for Thursday for a Posen man who died after he was pulled from the waters of Lake Michigan on the city's South Side. The victim, a 28-year-old man, was pulled from the lake at the 3900 block of South DuSable Lake Shore Drive near Burnham Park around 9:50 a.m., according to Chicago police. The man, identified by the Cook County medical examiner's office as Marcelino Perez, was taken to UChicago Medicine, where he was pronounced dead. An autopsy will confirm whether Perez died from drowning. As the area moves into summer, Lake Michigan has already seen at least six deaths this year, according to the Great Lakes Surf Rescue Project, who keep statistics on Great Lakes deaths and stresses lake safety.
Chicago Tribune
6 days ago
- Chicago Tribune
Man dies after being pulled from Lake Michigan near Burnham Park
An autopsy is scheduled for Thursday for a Posen man who died after he was pulled from the waters of Lake Michigan on the city's South Side. The victim, a 28-year-old man, was pulled from the lake at the 3900 block of South DuSable Lake Shore Drive near Burnham Park around 9:50 a.m., according to Chicago police. The man, identified by the Cook County medical examiner's office as Marcelino Perez, was taken to UChicago Medicine, where he was pronounced dead. An autopsy will confirm whether Perez died from drowning. As the area moves into summer, Lake Michigan has already seen at least six deaths this year, according to the Great Lakes Surf Rescue Project, who keep statistics on Great Lakes deaths and stresses lake safety.
Yahoo
08-05-2025
- Entertainment
- Yahoo
Laura Harrier and Zac Posen Celebrate Denim and Dandyism in Bold Gap Studio Suit That Challenges Binaries Around Masculinity and Femininity
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Generate Key Takeaways 'Sunday's best' influenced the first Monday in May for Zac Posen, who found inspiration in Laura Harrier's family during his research to design her menswear-inspired look for Met Gala 2025. It's his first time designing pants for the gala — a nod to its theme 'Tailored for You,' inspired by the Costume Institute's exhibition 'Superfine: Tailoring Black Style,' which celebrates the legacy and power of Black fashion expression and dandyism. 'Those archival photos of Laura's father and grandfather in their Sunday best were incredibly moving,' Posen told WWD ahead of the gala. 'I like the presence they had in those images — the attitude they embodied, which in part inspired the look for Laura. It was the starting place for the inspiration and attitude of the piece.' More from WWD 'Those photos are more than just style — they're about pride, presence and the way Black men in my family used fashion to express dignity,' Harrier told WWD. 'Seeing that legacy reimagined by Zac and brought to life on a stage like the Met Gala feels full circle. It's emotional, honestly.' Laura Harrier Posen, who was appointed Gap Inc's executive vice president and creative director in February 2024, also reimagined the heritage of Gap's own DNA with denim and natural fibers. 'I love the combination of the industrial raw unbleached and natural denim with the luxurious double-face duchesse silk satin,' he said of the Gap Studio look. zac posen gap studio laura harrier 'I hope it shows that tailoring can be more than just a silhouette — it can be a statement of identity, belonging and creative autonomy,' Posen added. 'This look challenges rigid binaries around masculinity and femininity, formality and rebellion. It's about owning your narrative and showing up with intention.' Laura Harrier Harrier said she thought her outfit had an emotional synergy with fashion as the materials are a form of storytelling on their own. 'They speak to heritage and luxury, strength and grace,' Harrier told WWD. 'And Zac's sculptural touch made it feel powerful. I've never worn anything like it, and I've never felt more connected to a look.' zac posen gap studio laura harrier Posen also found inspiration in denim for his own look, debuting a custom suit from Gap Inc's Banana Republic. 'My own look embraces the spirit of dandyism and is inspired by the 'London Drape' — known for its strong shoulders, nipped-in waist, and double pleated trousers,' Posen said. 'For this suit, I used a wool-linen blend from the renowned Marzotto mill reimagining a denim-inspired tuxedo.' View Gallery Launch Gallery: Met Gala 2025 Red Carpet Arrivals Photos, Live Updates Best of WWD Sign up for WWD's Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.
