If America is to shed the title of "Land of Inequality," this is how it is going to happen: by more people becoming aware of how the Fed's monetary policy affects them and demanding that it change.
SAN FRANCISCO -- To overcome the drag on growth of an aging world, we need to be smarter and more effective in everything that we do. We don't need to reinvent the wheel -- just by adopting best practices that already exist will get us most of the way to where we need to be. Fully embracing new technologies will do the rest.
How do they regain their balance, build up their confidence, and imagine a brighter future? There are no simple answers, of course. But we do know programs that give young men and women a sense of empowerment and hope are making a real difference in lives and communities everywhere.
Life expectancy in the United States has increased in the last century by nearly 30 years and continues to grow each year. One of the consequences of this transformation is that older workers are available to remain in the workforce longer.
We're talking about block grants because the Republican budget resolutions are coming out this week and such budgets have used this mechanism to propose deep cuts in Medicaid and SNAP (food stamps).
Since the rise of computing, mobile communications, and the Internet, youth, defined as 16-to-24 year olds, have become increasingly central to business and U.S. competitiveness.
In my misery index, I calculate a ranking for all countries where suitable data exist. The misery index -- a simple sum of inflation, lending rates, and unemployment rates, minus year-on-year per capita GDP growth -- is used to construct a ranking for 108 countries.
For most of its history, the Federal Reserve has been dominated by bankers and orthodox economists, who kill the recovery at the first sign of inflationary risks. Happily, the Fed today is led by Janet Yellen, a very uncharacteristic Fed chair who spent most of her career as a labor economist, of all things. Yellen is aware of the changes in the structure of labor markets and is unlikely to jump the gun on raising rates, though it's always possible that she could be outvoted. The risk today is not that an improving jobs picture will set off inflation. It's that even tight labor markets, by themselves, will not generate enough pressure for wage increases, because workers have lost so much bargaining power.
Hillary, Bibi, O'Reilly, the economy... So many targets, so little time! ...
Solicitor General Donald B. Verrilli Jr. is this week's Most Impressive Democrat of the Week award-winner, for doing a much better job arguing the case for President Obama's interpretation of the Patient Protection and Affordable Care Act before the Supreme Court than he did the last time around.
Job creation is proceeding at a good pace, and unemployment and underemployment are falling, but wage growth has been anemic and far from what would indicate an overheating economy. That means the Federal Reserve should stay patient and let the labor market continue to heal before starting to raise interest rates.
While there's no doubt the labor market is improving, and doing so at a faster clip than in recent years, there are still missing ingredients suggesting that the US job market is not as close to full employment -- a truly tight match-up between jobs and job-seekers -- as the low jobless rate suggests.
These recent SAMHSA survey results provide a golden opportunity for a scientific and societal shift to reconsider what about American society and culture is resulting in emotional suffering and self-destructive behaviors, especially for certain groups.
If the president is confident the TPP trade agreement is in the best interest of the United States, then he should have no concern about letting Congress propose amendments that can be shared with partner nations during negotiations.
Novelist Rana Dasgupta recently turned to nonfiction to explore the explosive social and economic changes in Delhi starting in 1991, when India launched a series of transformative economic reforms.
High levels of youth unemployment may be one of cities' worst nightmares: not only does it signal and perpetuate a struggling economy, but high numbers of disengaged youth can lead to immense frustration across an entire generation, increased crime, and even revolt.