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US Economy

A Lot to Be Thankful For

MoneyTips | Posted 11.25.2015 | Business

As Thanksgiving approaches, we think about all of the people and things in our lives that we are thankful for -- but how often do we think about being thankful for our economic good fortune?

Don't Blame Carly. No Republican Can Defend Their Party's Job Creation Record

Ian Reifowitz | Posted 11.16.2015 | Politics
Ian Reifowitz

Have Democratic presidents been perfect? Of course not. Have they vanquished economic inequality and created paradise on earth? No president can. However, Democrats have a positive record to run on.

With Sanctions Lifting, What's in Store for Iran's Economy?

Helen I. Hwang | Posted 11.11.2015 | Business
Helen I. Hwang

Following the landmark nuclear deal with Iran, plans for the lifting of economic sanctions are moving forward with "Implementation Day" planned as soon as late 2015 or early 2016. Not only is this move important for the United States for geopolitical reasons, observers say, but removing trade embargoes should boost Iran's economy.

Market Weak Ahead (Not a Typo)

Phil Davis | Posted 11.09.2015 | Business
Phil Davis

First of all -- let's talk jobs. The markets managed to end the week on a high note as a huge beat on the headline Non-Farm Payroll number stunned us all with 271,000 jobs added in October.

5 Principles to Restore Trust in Banking

Keith Mestrich | Posted 11.04.2015 | Impact
Keith Mestrich

In today's America, bankers are often seen as uncaring, and media portrayals reflect a view that banks put hardworking people on the streets. Our industry, which should be a key part of helping people achieve their economic and financial goals, has lost consumer trust.

5 Early Black Friday Predictions

MoneyTips | Posted 10.28.2015 | Business

How do you know whether Black Friday prices will be better than any reference prices or deals earlier in the year? You can make your best guess based on your own shopping experience, or you can consult websites like

Russia: And the Danger of an Irrelevant Gas Station

Edward Goldberg | Posted 10.20.2015 | World
Edward Goldberg

It is the declining power, Russia, that is both threatened by the global order and threatening to the global order, that has nothing to lose in trying to reshuffle the deck. Russia is the only major economy that, beyond a collapsing energy market, has no skin in the globalized game.

Powerful Solutions for a Powerful Problem

Center for Community Change Action | Posted 10.13.2015 | Impact
Center for Community Change Action

Tuesday's debate will be Democratic presidential candidates' make-or-break opportunity to show whether they're serious about addressing this powerful problem.

An Emerging American Workforce Speaks Out: It's Time to Pay Attention

Stephane Kasriel | Posted 10.05.2015 | Business
Stephane Kasriel

Nearly 54 million men and women are now part of America's independent workforce -- working variously as accountants, computer programmers, translators, designers, health care providers, and more.

Keep the Crude Oil Export Ban to Protect Jobs, Environment

Kim Glas | Posted 09.16.2015 | Green
Kim Glas

It's expected that the House will soon vote on a bill to lift the long-standing ban on crude oil exports. We should take a step back and see how this 180-degree shift in policy will impact us all.

Are You Prepared for the Inevitable Interest Rate Increase?

Scott De Buitléir | Posted 09.15.2015 | Business
Scott De Buitléir

The U.S. economy has been slowly rebuilding itself for more than a decade, and the Federal Reserve has played an important role. Now, however, it is a virtual certainty that the interest rate will begin increasing before the end of the year, and perhaps even by the end of September.

In the Face of Complexity

Dante Disparte | Posted 09.08.2015 | Business
Dante Disparte

SME Competitiveness and Healthcare Reform The central tenant of the insurance industry is that the law of large numbers drives down the average price...

Five Ways to Honor the American Worker this Labor Day

Carla Javits | Posted 09.05.2015 | Impact
Carla Javits

The essence of this special day is about acknowledging the strength, skill, persistence and even artistry demonstrated every time any job is done well. It's something we too readily forget in a world that seems to be more and more dominated by fame, fortune and reality television.

Credit Union 101: What's the Difference, and Why You Should Make the Switch!

Rachel Pross | Posted 09.04.2015 | Business
Rachel Pross

If you're wondering what the deal is or why you should make the switch from your big bank, you're already halfway to making a very smart decision.

The Stock Market Versus the Economy

MoneyTips | Posted 09.03.2015 | Business

If the U.S. economy really is getting stronger, why are U.S. stock markets so volatile? The broad answer: the economy is much more than the stock market, and vice versa.

The China Syndrome: Bubble Trouble

Dean Baker | Posted 08.31.2015 | Business
Dean Baker

The financial markets have been through some wild and crazy times over the last two weeks, although it appears that they have finally stabilized. The net effect of all the gyrations is that a serious bubble in China's market seems to have been at least partially deflated. After hugely overreacting to this correction, most other markets have largely recovered. Prices are down from recent peaks, but in nearly all cases well above year-ago levels. But the stock market is really a sideshow; after all, back in 1987 the U.S. market fell by almost 25 percent for no obvious reason, with little noticeable effect on the U.S. economy. The more serious question is what is happening with the underlying economy, and there are some real issues here.

China's Market Collapse and Currency Devaluation

Natalie Pace | Posted 08.20.2015 | Politics
Natalie Pace

In 2014, the Chinese economy became the No. 1 economy in the world, followed by the European Union and the U.S. The U.S. is now considered to be the third largest economy in the world.

The Amazon Economy

Jedediah Purdy | Posted 08.17.2015 | Business
Jedediah Purdy

What makes the Amazon hamster-cage halfway plausible as a model of the future? What allows its architects and the successful employees to believe in it?

How Legal Immigration Is The Key Driver Of Economic Growth In The U.S.

Dick Burke | Posted 08.05.2015 | Business
Dick Burke

Imagine if you had found the one person with exactly the skill set you needed and invested the time and money to go through the process only to find out that the random lottery didn't pick your number.

A New Explanation of America's Slow Productivity Growth

David Adler | Posted 08.17.2015 | Business
David Adler

Why is the U.S. economy failing to thrive? The topic of a global malaise has generated intense debate among economists. Their explanations are very technical, but worth considering for an understanding of elite thinking about the issue -- and its limitations.

Wage Theft Harms All of Us

Hilda L. Solis | Posted 07.19.2015 | Politics
Hilda L. Solis

Not paying someone what they are owed is akin to stealing out of their pockets. Wage theft is a crime. And this crime disproportionately impacts the most vulnerable members of our society. Enforcing these laws is not only good economic policy, but also simply the right thing to do.

Growth -- The Good, The Bad, and The Ugly

St. Gallen Symposium | Posted 07.17.2015 | Impact
St. Gallen Symposium

Economic growth is the most powerful single determinant that has ever entered political and economic language.

For U.S. Economy, Education and Opportunity Gaps are Costly

Joe Echevarria | Posted 07.16.2015 | Impact
Joe Echevarria

When President Obama launched the My Brother's Keeper, he recognized that each of us has a role in closing opportunity gaps faced by boys and young men of color. But our changing demographics poses challenges not just to this community, but to our nation's economy as a whole.

Why Is Everyone Angry? I'll Tell You Why

Rep. Alan Grayson | Posted 07.07.2015 | Politics
Rep. Alan Grayson

People's lives are circling the drain, and nobody's even talking about it, much less doing something about it. That's why everyone is so angry. And I'm hoping against hope that my party, the Democratic Party, wakes up and does something about it.

A Blueprint for Getting America Back on Track

James P. Hoffa | Posted 07.02.2015 | Business
James P. Hoffa

Given the economy's size and complexity, our problems cannot be solved by tinkering around the edges. Instead, a total revamp is necessary, one that both grows the middle class while reining in the runaway excess of the business class.