With Ebola wreaking havoc on Liberia (and neighboring countries), the level of misery is, unfortunately set to soar.
The top-line numbers may appear promising. But a closer look under the surface of the labor market shows that the U.S. has a long way to go to really recover from the Great Recession.
A who's who of international economy watchers are imploring Washington to do what it hasn't done in nearly a decade: Pass a long-term, large-scale infrastructure plan. And while I wholeheartedly agree with the sentiment, I think it could be presented in a less abstract fashion.
The homebuyer of tomorrow should not be asked to pay for the fleeting temporary tax reduction and unemployment benefit extension of yesterday.
The growth of the American and global economies are the underlying drivers for most all equity investments. A clear discipline, dogged research, and dispassionate assessment are an investor's best friends.
That so many of our friends and neighbors face such profound financial insecurity after five years of supposed economic recovery tells me we have a lot of work to do if we're serious about America being the "land of opportunity."
It used to be thought that America's greatest strength was not its military power, but an economic system that was the envy of the world. But why would others seek to emulate an economic model by which a large proportion -- even a majority -- of the population has seen their income stagnate while incomes at the top have soared?
The issue many young people face is not a lack of motivation, but a lack of adequate career guidance at an early enough stage in their development -- and a critical societal failure to provide it.
It is true that the rate of economic growth has quickened, but that rate is still low by pre-recession standards. In July the IMF actually cut the U.S. growth forecast for 2014 to just 1.7 percent, the CBO's in August was just 1.5 percent. These are not stellar growth numbers.
In some countries, particularly in Europe, reform of labor markets may be necessary to remove persistent rigidities. Fiscal policy cannot substitute for such reforms. But fiscal policy can work in tandem with broader structural reform efforts to support job creation.
The world's young people -- both this generation and the next -- will face a truly stark reality unless a far higher level of attention, resources, and commitment to action is mustered to combat rising youth unemployment.
With entrepreneurship becoming the trend, entrepreneurship education is needed to facilitate self-employment in young people by honing their passion and creativity to meet the challenges of starting their own businesses.
The jobs report on Friday showed the economy created 248,000 jobs in September and the unemployment rate fell below 6.0 percent for the first time since the early days of the recession. This is good news for workers. While we are still far from anything resembling full employment, it is getting easier for people to find jobs.
President Obama announced a new American war this month, but it didn't resonate in his polling much, if at all. Overall, his poll numbers dropped, but the net result was rather flat.
In Illinois, people are more likely to end up on food stamps than they are to find a job. Nearly five years since the end of the Great Recession, Illinois is lagging behind the rest of the Midwest in job creation, creating an environment where opportunity and hope for a better future seem out of reach for those who are down on their luck.
A few days ago, I was listening to an Italian friend of mine who was talking about one of his projects and, every now and then, he kept saying "if". If this happens, if I will do that, if things work out: a long dissertation where the "if" word was like a refrain.