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Raising Taxes On The Wealthy Might Not Be Such A Bad Idea

Reuters | Posted 01.08.2013 | Business

WASHINGTON, Nov 8 (Reuters) - Allowing income tax rates to rise for wealthy Americans would not hurt U.S. economic growth much in 2013 if Congress e...

How Sandy Reveals the GDP's Twisted Logic

Daphne Wysham | Posted 01.08.2013 | Business
Daphne Wysham

Great headway has been made on new metrics that are far more sophisticated than GDP. One such metric, the Genuine Progress Indicator, assesses whether our economy is really growing or not by taking into account spending that doesn't make us better off.

Hurricane Sandy and the Failure of GDP

J. Mijin Cha | Posted 01.01.2013 | Business
J. Mijin Cha

Analysts are predicting that the positives and negatives will largely cancel each other out and there will be little impact on GDP -- looking deeper, though, it becomes clear that this isn't true.

GOP Presidents Worst Contributors to Federal Debt

Steve Clemons | Posted 12.28.2012 | Politics
Steve Clemons

As the debates on who is responsible for the levels of federal debt continue to play out in the next few days before the election and the 66 days before the U.S. hits a fiscal cliff, remember that the worst contributors to America's debt were mostly GOP presidents.

Third Quarter GDP Report: Economy Picks up a Bit, But Just a Bit

Jared Bernstein | Posted 12.26.2012 | Business
Jared Bernstein

The nation's economy expanded at an annual rate of 2 percent last quarter, according to this morning's GDP report. That's faster than last quarter's 1.3 percent and a bit above what most analysts were expecting, so that's good. But it's also just trend growth -- 2 percent is about what it takes to keep the job market pretty much where it is. I could easily write the campaign press releases: Romney/Ryan: growth too slow! Obama/Biden: 13th quarter of expansion, growth picked up from last quarter, no time to change horses (I'd add: especially when the other horse wants to run hard in the wrong direction).

Wealth of Intelligence Can Lead to the Wealth of a Nation

Ronnie Cameron | Posted 12.25.2012 | Education
Ronnie Cameron

We need to refocus our attention on school and its importance. We have to create a culture where education is of utmost significance and that it is the key to economic freedom and success in this country.

A Conversation Between Paul Ryan and His Math Teacher

Flora Nicholas | Posted 12.17.2012 | Comedy
Flora Nicholas

"Look sir, election day is looming so I really need to get my sums right on this budget. Is there anything else you can suggest that could help me do that? Anything at all?"

Debt in a Time of Protests

Nemat Shafik | Posted 12.16.2012 | Business
Nemat Shafik

As the world economy continues to struggle, people are taking to the streets by the thousands to protest painful cuts in public spending designed to reduce government debt and deficits. This fiscal fury is understandable.

My Opinion On The Governor Romney Tax Plan

Mark Cuban | Posted 12.12.2012 | Small Business
Mark Cuban

After watching interviews of Governor Romney and the debates, both Presidential and VP, I'm starting to fully get my arms around how Governor Romney works and the details of his tax plan.

Let's Celebrate International Day of the Girl

Cecilia Attias | Posted 12.11.2012 | Women
Cecilia Attias

While we celebrate International Day of the Girl, let's take action to make sure everyone -- governments, businesses, parents and teachers -- is aware of and ready to nurture the formidable talents and capacities and potential of girls.

Lowdown on the Slowdown: 5 Notes on Weakening GDP

Richard Barrington | Posted 12.10.2012 | Money
Richard Barrington

The good news is it already felt like the second quarter was weak; the GDP report just confirms it. The bad news is the third quarter feels pretty weak as well.

How Washington's Inaction Could Put Us in an Economic Death Spiral

Sanjay Sanghoee | Posted 12.07.2012 | Business
Sanjay Sanghoee

In all the fuss about the elections, we seem to have all but forgotten about the bigger problem confronting America right now, and that is the upcoming 'fiscal cliff' -- and its inevitable sequel: the 'death spiral.'

Fiscal Cliff: Public Sector Workers Should Be Very Afraid

The Huffington Post | Harry Bradford | Posted 10.05.2012 | Business

If America falls off the fiscal cliff, there’s going to be a hell to pay, and fewer workers to pay too. Around 277,000 public sector workers wil...

52 Reasons to Vote for Obama: #8, Prevented Another Great Depression

Bernard Whitman | Posted 12.04.2012 | Politics
Bernard Whitman

To prevent another Great Depression, Obama signed the American Recovery and Reinvestment Act less than a month after being sworn into office. Since then, we've seen eleven consecutive quarters of GDP growth, and thirty straight months of private-sector job growth.

Debt Worries: Economists Fail Arithmetic, Again

Dean Baker | Posted 11.24.2012 | Business
Dean Baker

Is it possible that many of the world's leading economists are completely missing the boat in their understanding of the way in which the debt poses a burden on the economy?

QE-ternity and Beyond

Michael Farr | Posted 09.21.2012 | Business
Michael Farr

Surprise! The Federal Reserve did something pretty much no one thought they would do: they announced dramatic additions to monetary accommodation less than two months before the elections.

Private-Company Sales Growth Slows to 5.4%

Mary Ellen Biery | Posted 11.20.2012 | Small Business
Mary Ellen Biery

The rate of annual sales growth among privately held U.S. companies is slowing significantly. And while 5.4 percent is still a faster rate of growth than the broader U.S. economy is experiencing, it's the slowest rate since November 2010.

Not All That Glitters Is Gold

Otaviano Canuto | Posted 11.19.2012 | World
Otaviano Canuto

Gross Domestic Product, better known as GDP, is the market value of all final goods and services produced within a country in a given period. That's why GDP per capita is widely used as a summary indicator of living standards in a country.

This Guy Wants To Give You Free Money

The Huffington Post | Catherine New | Posted 09.14.2012 | Money

For Wall Street, Saturday is a gloomy anniversary: Four years ago Lehman Brothers collapsed, marking the widespread beginning of the global financial ...

Political Parties Try to Appeal to Small Business Owners & Minorities

Mehrunisa Qayyum | Posted 11.07.2012 | Small Business
Mehrunisa Qayyum

Tokenism is not restricted to the GOP; the Democratic party has also been guilty of tokenism as well, according to the 2012 study "The Diversity Paradox: Parties, Legislatures and the Organizational Foundations of Representation in America."

Playing Poker With the Fed

Richard Barrington | Posted 10.15.2012 | Money
Richard Barrington

The Fed is like a poker player who has been dealt a weak hand. It's easy to criticize a losing player, but when one looks at the cards, it's hard to say exactly what should be done differently.

'The Last Positive Piece Of News Out Of Germany For Some Time'

Reuters | Posted 10.13.2012 | Business

* Euro zone economy shrinks 0.2 percent in Q2 * Germany posts slower growth of 0.3 percent * France stag...

Market Continues to "Melt Up" on Talk of Open-Ended QE

Michael Farr | Posted 08.08.2012 | Business
Michael Farr

Stocks are sharply higher thanks mainly to comments by Boston Fed President Eric Rosengren.

GDP, Second Quarter: First Look

Jared Bernstein | Posted 09.26.2012 | Business
Jared Bernstein

I'm less convinced by the list of usual suspects for slow economic growth. I think we're stuck in a negative cycle where weak employment suppresses incomes which suppresses consumption, investment, and growth, feeding back into weak hiring.

Great Recession Was Bad, But Not Quite As Bad As We All Thought

AP | CHRISTOPHER S. RUGABER | Posted 09.26.2012 | Business

WASHINGTON (AP) — Here's a small consolation: The Great Recession wasn't quite as horrendous as previously thought. But it was still ...