The Congressional Budget Office just released the 2015 version of its Budget and Economic Outlook. The really important development was that CBO confirmed its pessimistic view of the future of the U.S. economy, pegging the long-run growth potential at 2.2 percent.
Instead of embracing and building on Obama's policies, where the U.S. has experienced 58 months of continued economic growth, Mitch wants to revert back to the policies under George W. Bush. Has he forgotten that those policies collapsed our economy?
The question is: what future economic context do we desire? Grappling with the diverse questions raised by these pieces -- from the status of the economics profession to how we govern space -- will help shape how we get there.
No matter your situation in life, you can change your circumstances. You have all the capability within yourself to make good things happen. And while pursuing your goals, you can enjoy every minute of it.
What makes a country small? Bangladesh is a small country in terms of area, but very large in terms of population. Having roughly the same area as Greece, it has a bigger population than Russia (yes, you might be tempted to read this sentence again, but it is true!).
The Philippines, shaped by its colonial legacy, has emulated Western lifestyles and urban architectures It is time for the Filipino elite to rediscover the true meaning of modernity, democracy, and progress. And for the wider population to fight for genuine prosperity.
It would be tempting to turn this into anti-Wall Street polemic, but the inequality of Big Capital is not even the main issue here. Rather, recent talk of "supply shock" is a wake-up call for the sustainability of Big Capital, the little man, and everyone in between.
Latin America is proof that the global trend of rising economic inequality can be reversed, if the political will exists. Despite historically being the most unequal region in the world, it is the only region that has managed to reduce inequality during the past decade.
Our County Executives have now set a bipartisan course for economic growth. It's a course that should be sailed to take us to an ever more robust economy - one that can support our children and grandchildren on Long Island for decades to come.
There is a reason why it has taken so long to emerge from the Great Recession. And the Republican leaders of the House and Senate with their new majorities exemplify why we have barely emerged from it.
The 2014 election was just as disastrous as 2010. Many observers now agree that Democrats again lost big because they failed to offer a clear economic message to economically insecure voters -- and they once again failed to attack Republicans for sabotaging action to create jobs.
If we are serious about animal welfare, we have to get beyond the mere adoration of hedgehogs and hippos. We have to face up to the big-picture, systematic erosion of wild animal welfare. It's all around us and getting worse by the day, and our public policies precipitate it.
So who's correct, which policy prescriptions should we be listening to? The answer is neither: both popular measures fail to grasp the underlying issue at stake -- the actual welfare of those trapped in poverty.
Compensation continues to rise. Employees in the computer and video game industry earned an average of 94,747 in 2012, up from90,000 in 2010. In comparison, the average U.S. household income in 2012 was51,759.
This economy needs more "animal spirit." The great economist, John Maynard Keynes, coined this term to describe the willingness of business managers to expand aggressively and identified it as essential for economic growth.
Brazil's macroeconomic management will face four major immediate challenges in the near future. The response to them will be strengthened if we could have some indication of how to steer the Brazilian economy back to a growth route.
The bullies are in control, whether they are Republican Tea Partiers that refuse to compromise on any legislation that won't downsize government programs, or the lobbying arm of the gun industry; they control Washington's agenda these days.