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U.S. Economy Grew Faster Than First Reported Last Quarter

AP | By MARTIN CRUTSINGER | Posted 11.25.2014 | Business

WASHINGTON (AP) — The U.S. economy grew even faster in the third quarter than initially thought, posting the strongest six months of growth in more ...

Shhh... The American Economy Is on the Brink... of a Boom!

Terry Connelly | Posted 11.24.2014 | Business
Terry Connelly

The real story is that "help is on the way" for America's struggling middle class, the unemployed and the under-employed. The much maligned TARP stimulus and "extraordinary measures" of the Federal Reserve have finally and in fact -- worked!

How to Fix the Economy: Going Beyond GDP and Politics as Usual

Riane Eisler | Posted 11.12.2014 | Politics
Riane Eisler

This is the time for forward-looking measures. We cannot fix the economy based on measures such as GDP that look at our world through a rearview mirror.

What Explains the Election Results? It's (Still) the Economy

Dennis M. Kelleher | Posted 11.10.2014 | Politics
Dennis M. Kelleher

No one should be surprised that the American people are economically insecure and anxious. Seven in 10 voters said the nation's economy is in bad shape. Voters who said the economy was important to them voted 2 to 1 for Republicans.

The Costs of Ebola: Guinea and Sierra Leone

Steve H. Hanke | Posted 10.31.2014 | World
Steve H. Hanke

For a clear snapshot of a country's economic performance, a look at my misery index is particularly edifying. The misery index is simply the sum of th...

Government Spending Boosts Q3 Economic Growth

Harlan Green | Posted 10.31.2014 | Business
Harlan Green

We can now say we have the goldilocks economy that prevailed through the 1990's -- not too hot or too cold -- that should boost economic growth for years to come, if Congress can be ignored.

The World Misery Index: 109 Countries

Steve H. Hanke | Posted 11.03.2014 | World
Steve H. Hanke

Through a simple sum of the former three rates, minus year-on-year per capita GDP growth, I constructed a misery index that comprehensively ranks 109 countries based on misery.

Fear-Mongers on TV Spook Equities: Just in Time to Buy Cheap Before Great Earnings!

Terry Connelly | Posted 10.28.2014 | Business
Terry Connelly

Predictions of a new global recession began to appear in the financial media in early October just before the market took its dive, recycling much the same forecast that CNBC trotted out the previous October!

25 European Banks Fail Stress Test

Reuters | By Laura Noonan and Eva Taylor | Posted 10.27.2014 | Business

FRANKFURT, Oct 26 (Reuters) - Twenty five of the euro zone's 130 biggest banks have failed a landmark health check and ended last year with a collecti...

How Natural Capital Is Shaping the Future of Business

Tensie Whelan | Posted 10.23.2014 | Business
Tensie Whelan

In my last blog I described the trend toward businesses reexamining and accounting for "natural capital" -- idea that natural resources, ecosystems, c...

Recovery of the Rich, By the Rich, For the Rich -- Recession for Everyone Else

Anthony W. Orlando | Posted 10.17.2014 | Politics
Anthony W. Orlando

Officially, the recession ended five years ago. But there's something the financial newscasters don't tell you: Unless you're rich, those numbers don't apply to you.

Small & Big: The Interrelation That Exists

St. Gallen Symposium | Posted 10.16.2014 | Impact
St. Gallen Symposium

Small is compact and constricted, always seen in comparison to big. The current global scenario demands an existence of both in equal forms. Small maybe frowned upon in terms of size, but it is the reason why big exists.

What Oil Price Got to Do, Got to Do With It? (10 Things to Remember About Oil Prices)

Carl Pope | Posted 10.15.2014 | Green
Carl Pope

The collapse of soaring oil prices signaled the beginning of the 2008 Great Recession. This milder repeat performance is not so confusing if we look at the basics -- and remember that what counts about oil is not where it is produced, or exactly how much we need, but its price.

The Age of Vulnerability

Joseph E. Stiglitz | Posted 10.14.2014 | World
Joseph E. Stiglitz

It used to be thought that America's greatest strength was not its military power, but an economic system that was the envy of the world. But why would others seek to emulate an economic model by which a large proportion -- even a majority -- of the population has seen their income stagnate while incomes at the top have soared?

The 95 Percent Rule, Bulgaria and the NYT

Steve H. Hanke | Posted 10.10.2014 | World
Steve H. Hanke

Recent reportage in the New York Times reminded me of my 95 percent Rule: "95 percent of what you read about economics and finance is either wrong or irrelevant."

E.U. Austerity, You Must Be Kidding

Steve H. Hanke | Posted 11.14.2014 | World
Steve H. Hanke

The leading political lights in Europe -- Messrs. Hollande, Valls and Macron in France and Mr. Renzi in Italy -- are raising a big stink about fiscal austerity. They don't like it. And now Greece has jumped on the anti-austerity bandwagon.

Economic Growth Patterns in USA, Canada, Mexico and China

Dominik Knoll | Posted 11.22.2014 | Business
Dominik Knoll

While the U.S. economy is seeing significant growth, economies in neighboring countries, Canada and Mexico, are doing also well. In Canada, rising exports and consumer spending have translated into better growth.

Africa: The Good, the Bad and the Ugly

Steve H. Hanke | Posted 10.15.2014 | Politics
Steve H. Hanke

Last week, President Obama hosted the U.S.-Africa Leaders Summit in Washington, D.C. He welcomed over 40 African heads of state and their outsized entourages to what was a festive affair.

Hey Kids: Keep the Noise Down! (GDP Version)

Jared Bernstein | Posted 09.29.2014 | Politics
Jared Bernstein

What happened in this recovery is that we settled into trend growth before we bounced back and repaired the damage. That's why the job market in particular has taken so long to recover.

The U.S. Government Has Hurt The Economy In 11 Of The Past 12 Quarters

The Huffington Post | Mark Gongloff | Posted 07.30.2014 | Business

The U.S. economy has just gone through some big, big changes. Big, good changes! But one thing has not changed: federal government spending, which can...

The Economy Just Grew Much Faster Than It Was Expected To

Reuters | Lucia Mutikani | Posted 07.30.2014 | Business

WASHINGTON, July 30 (Reuters) - U.S. economic growth accelerated more than expected in the second quarter and the decline in output in the prior perio...

The BRICS Bank Signals the End of the American Financial Empire and U.S. Dollar Hegemony

Dr. Nasser H. Saidi | Posted 09.19.2014 | World
Dr. Nasser H. Saidi

Establishing the BRICS Bank is a momentous event The July 2014 BRICS (Brazil, Russia, India, China, South Africa) Summit was a momentous event, more ...

Latvia, the Country Prof. Krugman Loves to Hate, Wins 1st Prize

Steve H. Hanke | Posted 09.17.2014 | World
Steve H. Hanke

Latvia, a country Paul Krugman loves to hate, takes the prize for the least miserable of the former Soviet Union countries in this sub-ranking.

From Big Data to Deep Data

Otto Scharmer | Posted 09.17.2014 | Technology
Otto Scharmer

Over the past ten months I have chaired and co-facilitated MIT's IDEAS China program--a ten month innovation journey for a group of 30 or so senior Ch...

New CBO Long-Term Budget Projections Tell Familiar Story

Paul N. Van de Water | Posted 09.14.2014 | Politics
Paul N. Van de Water

The Congressional Budget Office's new long-term budget projections, released today, are very similar to those that CBO published in September 2013 and to ones that we released in May 2014. They show that the nation's fiscal outlook is stable for the rest of this decade and then worsens gradually.