Next time you hear someone blabbing about how robots are going to take away our jobs, tell them to can the science fiction and get back to the real world. The immediate threat to jobs is the folks on the Federal Reserve Board who want to raise interest rates.
Democrats need to find their voice. In 2016 there are 198 Democratic seats in the Senate and House that will be up for election.
For most of its history, the Federal Reserve has been dominated by bankers and orthodox economists, who kill the recovery at the first sign of inflationary risks. Happily, the Fed today is led by Janet Yellen, a very uncharacteristic Fed chair who spent most of her career as a labor economist, of all things. Yellen is aware of the changes in the structure of labor markets and is unlikely to jump the gun on raising rates, though it's always possible that she could be outvoted. The risk today is not that an improving jobs picture will set off inflation. It's that even tight labor markets, by themselves, will not generate enough pressure for wage increases, because workers have lost so much bargaining power.
Its unemployment rate is 25.8 percent, the worst in the eurozone (slightly more than Spain's 23.7 percent), as it has been in a deflationary spiral, further depressing its economic activity.
So many children have lost ground as the trumped-up fear of excessive debt children did not cause has been used by some in Congress to cut safety net programs we know work.
he president likes to talk a good game. He continues to propose these new plans that he claims will strengthen the American economy, reduce our debt and give the middle class a boost. But what he fails to do is consider the fiscal consequences these plans carry.
In fact, the Republican Party's economic agenda is harsher than anything even Germany's been willing to propose. So why hasn't there been a successful U.S. electoral countermovement along Syriza's lines? There are a number of reasons.
In the following interview, Mario Seccareccia, a professor of economics at the University of Ottawa, talks about why what happened to Greece was entirely predictable, why the Greeks were right to reject austerity in the recent election, and what challenges the country faces in forging a sustainable path forward with the left-wing Syriza party at the helm.
Some economists on the left argue that the deficit is not a serious threat to the health of the economy, while other experts say that projected increases show that long-term solutions need to be found. What does the public think about this debate?
New information from the Fiscal Futures Project of the Institute for Government and Public Affairs at the University of Illinois shows that Illinois' finances are in worse shape than previously predicted. By Fiscal Year 2016, the state will owe $9 billion in unpaid bills.
The state's financial trouble is worse than anyone had previously expected, says a new report from the Fiscal Futures Project at the Institute for Government and Politics at the University of Illinois.
We chose the last two residents of each party and looked at five categories: GDP growth, net job creation, unemployment rate, budget deficits and performance of the Dow Jones.
Well, here we are at the start of 2015, and the unemployment rate has declined to 5.6 percent. Over the course of 58 consecutive months, the Obama economy has created 11.2 million private sector jobs.
Je suis Charlie Hebdo. In fact, let's go even further: Nous sommes Charlie Hebdo. Because we are all Charlie, this week. However, most of the American media cravenly allowed the terrorists to dictate their editorial policy this week, which is truly disappointing.
The 114th Congress was sworn in on Tuesday, opening the flood gates to legislation that will potentially damage the economy, hurt the middle class and the poor, and leave the retired Americans in the worst financial shape they've been in for years.
We must ensure that this city remains affordable for the individuals who make our neighborhoods culturally vibrant and economically diverse.