The widespread expansion of credit to car-buyers, especially to sub-prime borrowers, is beginning to cause some industry observers to cry "bubble." Is this economic progress?
As expected, the Federal Reserve stuck to its pattern of reducing asset purchases by another $10 billion. The monthly pace is now down to just $35 bi...
An aggressive rally in the Treasury market this morning has resulted in the lowest 10-year Treasury yield since June of last year. Nearly everyone is looking for an explanation as to why longer-term interest rates continue to fall in the face of reduced Fed support and better economic data. So what is going on?
While the overall quality and composition of earnings in the 1Q may have improved somewhat, index earnings growth remains highly dependent on margin expansion.
To boil things down, there are really only two roads we can follow in an environment of such as this. The economy will either muddle along at a sub-par rate of about 2 percent until balance is restored, or we go down the path of running up debt in an effort to produce higher growth rates in the near term.
So far this year, the mid-cap banks are outperforming their behemoth cousins, and we now may know why. The big question, though, is how detrimental have these new regulations been to the economic recovery?
Long term unemployment affects people of all ages and backgrounds; it does not discriminate. Through a holistic approach, workforce development initiatives like Platform to Employment have helped crack the code. But we still have a long way to go -- much more can and needs to be done.
Our generosity can't change the unequal conditions vast segments of the population experience. Yet, it can enable individuals living in economically fragile circumstances to access greater job, housing, and educational opportunities.
If you believe in the power of numbers to tell a true story, and that acting on these equations can help create a better future for all of us, then read on.
How much of the slowing can be blamed on Mother Nature? Nobody knows for sure, of course, but there is enough reason to believe that the brisk pace of growth recorded in the second half of 2013 will not be sustained in 2014.
When Cathy McMorris Rodgers gave the Republican response to President Obama's State of the Union address, it left out a few things, like literally any specifics about a single GOP proposal she was attempting to laud.
Flash-back, January 7, 1964. Lyndon Baines Johnson made his first State of the Union address to a nation in mourning. President Johnson rallied Congre...
Note: A version of this blog was originally posted on the White House Blog on February 11, 2014. ...
Iran is in the news. So is Syria and Israel and Iraq. Even though it is the most populous and economically vibrant area of the world, Asia will continue to be an afterthought for the Obama administration, pivot or no pivot.
During an era when there are more of us over 60 than in the traditional "working age," who could quarrel with the fact that American economic growth needs older Americans to remain as economically engaged as their kids and grandkids?
The good news is Congress is likely to be more productive in 2014 than they were in 2013. But don't rely on the Senate and House to make this the "year of action." Young people everywhere can come together to make real, sustainable change this year.