As the 2016 presidential campaign kicks off, the economy is growing and Americans are getting back to work. However, for far too many people plotting a course from the working class to the middle class requires navigating dangerous waters filled with financial icebergs.
As the job market has gradually tightened, I've expected to see some upward movement in the labor force participation rate, as labor demand pulled more people into the workforce. The fact that this has yet to occur suggests that there is much more slack than the 5.3 percent unemployment rate suggests.
The governor is not asking for the federal government to bail them out of this problem. Puerto Rico only asking for the right to declare bankruptcy, which is the same right that states have. Because Puerto Rico is not a state, it cannot avail itself of the provision in federal bankruptcy law that enables cities like Detroit to restructure its debt in an orderly fashion.
Today, the Earth got a little hotter, and a little more crowded. ...
We live in a wondrous age of age-defying wonder. If you've made it to 30, hey, it's pretty much the new 20. Then comes that other big milestone, 40. Have no fear; it's the new 30.
The last thirty years have seen private sector dominance of government. The results are disastrous and clearly seen. Tax codes and laws were established to benefit specific corporations and industries, while creating barriers to entry for new technologies and small companies.
Economies are computers, and the capacity of an economy to generate income is a side effect of that economy's computational capacity. This helps explain international differences in income, as it implies that economies that embody vast computational capacities, such as the economies of South Korea, Taiwan or Silicon Valley, should be richer than those that struggle to compute, like the economies of many Latin American and Sub-Saharan countries.
Look to any local high street at the moment and you will see an economy on the rise. After years of high street collapses, financial crises and economic downfalls, local businesses are finally on the up and it's all thanks to one thing in particular.
15 years ago, when 40 companies formed the Global Compact at the United Nations, they laid out the principles for a more inclusive and sustainable world. UN Secretary General Kofi Annan called for a "global compact of shared values and principles, which will give a human face to the global market."
The Economist Intelligence Unit (EIU) in London today released its long-term macroeconomic forecasts with key trends from now to 2050.
Basically there are three ways the Clean Power Plan, which calls for a 30 percent cut in carbon emissions from existing power plants, is good for business and our economy.
Despite rapid innovations in technology in the last decade, America, and in particular the middle class, is still muddled in an economic slowdown.
Today, the Earth got a little hotter, and a little more crowded.
Again and again the upcoming election you'll hear conservatives claim that Medicare -- the health insurance program for America's seniors -- is running out of money and must be pared back. Baloney.
In the past decade, the idea of cars driving themselves has quickly gone from sci-fi dream to impending reality.
Imprisoning a staggering number of our people is wrong. The way our nation does it is even worse. We must end mass incarceration, now.