In recent years, private-sector forecasters have been surprisingly accurate at forecasting changes in the unemployment rate, but they have been equally inaccurate when forecasting changes in the federal funds rate, the baseline interest rate controlled by the Fed.
"When we talk about race... there's a divide when it comes to home ownership and the creation of wealth," said Mark Hugo Lopez, director of Hispanic r...
More than half of state tax dollars go to fund education and health care. State tax dollars also fund other critical services such as transportation, corrections, public assistance, care for residents with disabilities, police, state parks, and general aid to local governments.
Children have only one childhood, and it is now. We know what to do. We know what works. We must make it happen now by working together.
For those of us who work in the nonprofit sector, the news by the Nonprofit Finance Fund that even after the "end" of the recession the demand for services continues to rise is not surprising.
As a global leader in the manufacture of automobiles and electronics, South Korea's economy still faces key issues. Home loans demonstrate precisely how the Korean financial sector is underdeveloped.
The recent spat between the Federal Reserve and Citigroup underscores the complexity of today's banking balance sheets. The episode is a warning shot across the bows of regulators.
With today's report, private sector employment has finally regained its pre-recession peak. It has taken more than six years for private sector jobs to recover, an extremely stark reminder of the depth of the downturn and the weakness of what's been a plodding labor market recovery.
When people say hang in there, it will get better, even they don't believe it. I am a grim reminder of what might happen to them and they don't want to catch what I have.
Warren Buffett described public pension plans as a "gigantic financial tapeworm" and warned of a decade of pain. He was right on the first point, less so on the second.
For the first time since the '30s, the 99 percent stood up and pointed out the real culprits -- Wall Street and the politicians they own. People listened, they heard, and began to believe.
There was a boxer who, when faced with the likelihood of being knocked out, sold ad space on the soles of his shoes. Call it what you will, but I found that to be a move closer to brilliant than to defeatist.
Bitcoin enthusiasts today are very much recreating the digital equivalent of the California Gold Rush. The currency is the answer to all our modern day problems, they claim. I hear all that. It is still a rerun, because it is human.
I always assumed I'd belong to the same class too, the one I had identified with since birth. Now I'm not sure if I'll ever be middle class again.
Wall Street gamblers are still paid huge money and are again creeping toward reckless misbehavior. Their corporate crime wave strip-mined the economy for young workers and is draining away their ability to afford basic goods.
I went through the first 35 years of my working life having to look up how to spell 'laid off.' For real. It was just one of those brain twerks; to this day, I never type the words 'meditate' or 'environment' right the first time either. But I sure learned how to spell 'laid off.'