Both Piketty and Clark say that politics, not economics, will determine the future. However, the economy will certainly be a major focus of upcoming election debates in both countries. The real question is, will the electorates in the U.S. and the UK stage a revolt?
If the past teaches us anything, it is that each plan also carries with it is a legacy of being a hot topic during interesting times that eventually people forgot about or became too afraid to mention when the economy got moving again.
Rudy, let's break down your statement. When you say that "I do not believe that the president loves America," what indication do you have or what criteria are you using? I really want to know.
This Valentine's Day, consider thinking beyond the roses and candlelit dinners to a potential future of merged finances. If your relationship is heading that way, a discussion is essential before making the move.
In fact, the Republican Party's economic agenda is harsher than anything even Germany's been willing to propose. So why hasn't there been a successful U.S. electoral countermovement along Syriza's lines? There are a number of reasons.
The people of Greece rebelled last week against the perverse notion that they should continue to endure biting austerity in a vain attempt to cure a condition that they are not solely responsible for creating. Sounds familiar, right?
You know the statistic. We incarcerate a higher proportion of the population than any other country does. Hundreds of thousands of young, now aging, men, are doing hard time for possession of small amounts of drugs. More and more people find themselves in jail because they got caught with bench warrants for their arrest for exorbitant fines they could not afford to pay. More than a century after debtors prisons were abolished, thousands are again behind bars because of debts. But one category of felon is free on the street. I refer, of course, to corporate criminals. Consider the case of a checkout clerk at Walmart who puts her hands in the till and walks off with a couple of hundred bucks of the company's money. That clerk could expect to face prosecution and jail. Now consider her boss, who cheats her of hundreds of dollars of pay by failing to accurately record the time she clocked in, or the overtime she worked.
Does self-discipline today really pay off later in life -- in jobs, paychecks, promotions and bonuses, professional prestige and wealth? Surprisingly, given the importance of employment to well-being and the global economy, the link between self-control and job success has not been thoroughly studied. Until now.
In December 2014, negative annual rates were observed in sixteen Member States.
Just as the world's two largest emitters, China and the U.S., have recently taken unprecedented steps to curb emissions from coal, it's only a matter of time before they're compelled to put the brakes on the carbon footprint that comes from oil as well.
Do we just fasten our seatbelts for a bumpy ride, or is there a way to smooth the path ahead? In this interview, Alan Taylor discusses his findings and suggests ways to safeguard the financial system.
Global issues like terrorism, the economy, climate change and Middle East turmoil will sadly burden us this quarter and all year. These are factors that may hinder stability in the international system - that's global political risk in a nutshell.
In spite of the intense, unyielding, never-ending opposition to the Affordable Care Act (ACA), or Obamacare, nobody can deny that Obama has tackled the problem of health care costs growing out of control when nobody before him would. And that's not all.
When we found out expectation paired with effort wasn't the end all, we added new needs to the equation of success. These needs became creativity, the ability to see beyond expectation and hard work, and the need to change the landscape of what we want success to be.
In 2008 the world was riveted by the economic collapse of Europe as countries plummeted into financial ruin due to deficits out of control. Particularly hard hit were countries like Greece, Portugal, Ireland, Cyprus, and Spain.
Two myths that caused great confusion over the last several years are now headed to the trash bin of history. Unfortunately, many of our great national myths have survived 2014.