The Greek referendum is actually a vote against monopoly capitalism that now pervades the globe and has impoverished the poor and the middle class for decades, while enriching the rich beyond imagination.
Part of investing in a new world is discovering exactly what those individuals love. Those countries and industries that are part of the migration of money from West to East will be blessed under the new dominion of China as the world's economic leader.
We could blame Ike for starting the Korean War, knock George W. Bush for not stopping the USS Cole bombing, accuse Bill Clinton of not stopping the L.A. Riots of 1992 or even blame Reagan for the 1980 recession. Or presidential candidates could learn to see when the job that they aspire to actually begins.
Economic growth dynamics vary across the region, broadly along North-South lines. While spring may be in the air for Mexico, Central America, and parts of the Caribbean, the economic climate remains decidedly chilly in much of South America. What is behind these divergent prospects, and how can a sunnier outlook be restored to the entire region?
Using data on economic recessions, I take a look at how long growth periods have been after recessions, and to see when the latest economic boom will likely come to an end. You're probably thinking "Economic boom? When did that take place?"
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.