The economic crisis that began in 2007 was a defining event for industry leaders and government institutions at all levels. For far too many, the struggle continues, especially for communities of color where economic inequality persists and the availability of good paying jobs remains a scare commodity.
In the GOP debate, Jeb Bush made the outrageous statement that his brother George W. Bush "Kept us safe." Here is a news flash for Jeb: Bush did not begin his term on September 12, 2001. The worst attack on American soil since Pearl Harbor occurred on his watch. And it occurred after he had ignored intelligence warnings before 9/11. It is outrageous that the Bush crowd would have the audacity to say they "kept us safe" after presiding over the 9/11 debacle and the inept, ineffective, ideologically driven response that followed. The best ways to keep America safe are never to forget just what George W. Bush did to America and to keep Jeb Bush and the entire Bush gang a "safe" distance away from 1600 Pennsylvania Avenue and the levers of political power.
Why has economic growth been so slow since the Great Recession? This is the question haunting many economists these days. Second quarter 2015 real GDP growth (after inflation) was just 2.3 percent six years after its end. This is better growth than any other developed economy, but still much too low for a sustainable recovery.
NEW YORK -- As China's markets expand, they are increasingly outstripping policymakers' capacity to manage prices and valuations. The only practical way forward is for the Chinese authorities to focus on regulatory and institutional development, while following through on their commitment to allow markets to play the decisive role in allocating resources.