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US Economy

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.

With the OECD, the United States Can Lead Against Inequality

OECD | Posted 07.01.2015 | Politics
OECD

Though inequality has been rising for decades, the Great Recession catapulted the issue to the top of the policy agenda, costing millions of Americans their jobs and widening the gap between rich and poor. As the United States looks to reverse this trend, it faces a historic opportunity to lead a global transition to an inclusive model of economic growth.

How's That Hope and Change Working Out For Me? Just Fine, Thanks.

Brian Joyce | Posted 06.30.2015 | Politics
Brian Joyce

We're now six years and counting into Barack Obama's presidency, and I have to tell you: That hopey-changey stuff is working out great! Of course, I say that as someone who reads the news and pays attention to the President's accomplishments.

We Must Make Drastic Changes If We Want to Save Our World!

Jackie DeHon | Posted 06.26.2015 | Politics
Jackie DeHon

When a person works full-time that worker must be paid enough to live on with a little to spare. And more and more the only people with much "quality of life" in the U.S. are the wealthiest 1% and those who own and run mega-corporations. We must do something now!

EIU Releases 2050 Economic Forecast: China Dominates

Judah Freed | Posted 06.25.2015 | World
Judah Freed

The Economist Intelligence Unit (EIU) in London today released its long-term macroeconomic forecasts with key trends from now to 2050.

Some Homeowners May Never Come up from Underwater

Jorge Newbery | Posted 06.18.2015 | Impact
Jorge Newbery

Remember your childhood summers when you held your breath underwater so long that your head felt ready to explode? For millions of homeowners in America today, being underwater too long has a different impact: they implode.

U.S. Job Openings Hit A Record High

Reuter | Posted 06.10.2015 | Business

(Adds details, background, analyst comments) * U.S. job openings increase to highest level since 2000 * Small business confidence rises to five-...

U.S. Job Openings Hit A Record High

Reuter | Posted 06.10.2015 | Business

(Adds details, background, analyst comments) * U.S. job openings increase to highest level since 2000 * Small business confidence rises to five-...

U.S. Job Openings Hit A Record High

Reuters | Posted 06.10.2015 | Business

(Adds details, background, analyst comments) * U.S. job openings increase to highest level since 2000 * Small business confidence rises to five-...

Investing in the #1 Economy, China

Natalie Pace | Posted 06.04.2015 | Business
Natalie Pace

Part of investing in a new world is discovering exactly what those individuals love. Those countries and industries that are part of the migration of money from West to East will be blessed under the new dominion of China as the world's economic leader.

Sunday Roundup

Arianna Huffington | Posted 05.30.2015 | Politics
Arianna Huffington

This week, the presidential race began to resemble 19 Kids and Counting -- fitting, since they're both reality shows many would like to see taken off the air. On Tuesday, Bernie Sanders jumped in. On Wednesday, it was Rick Santorum. Thursday brought us George Pataki. (Talk about your Throwback Thursday!) Yesterday, Martin O'Malley tossed in his hat and next week, Lindsey Graham and Rick Perry are expected to do the same. Not to be out-shined by the new entrants, on Thursday "senior campaign officials" for Hillary Clinton gave a briefing about a rally to be held next month. Can't you feel the excitement? Just another year and a half -- and 241 debates -- left and it'll be over. If only the oncoming flood of clichés, bromides and platitudes could be monetized and exported, our economy, which this week was revealed to have shrunk by 0.7 percent last quarter, would be a juggernaut.

America's Rate of Homeownership Matters to You--Whether You Own a Home or Not

Garrick T. Davis | Posted 05.29.2015 | Business
Garrick T. Davis

Even the most casually informed reader has likely heard at least some of the troubling news and numbers tied to homeownership in America today.

Brutal Winter Took A Toll On The Economy

AP | MARTIN CRUTSINGER | Posted 05.29.2015 | Business

WASHINGTON (AP) — The U.S. economy shrank at a 0.7 percent annual rate in the first three months of the year, depressed by a severe winter and a wid...

Re-Thinking and Re-Imagining Christianity on Pentecost Sunday

Audrey Addison Williams | Posted 05.26.2015 | Religion
Audrey Addison Williams

I am compelled to write about what Pentecost means to me and the potential we have to find a deeper meaning that could offer us a breath of new life, and access to the full power of the Holy Spirit active in daily life.

The Urban Housing Crunch Costs the U.S. Economy About $1.6 Trillion a Year

Citylab | Posted 05.26.2015 | Business

This story originally appeared on Citylab. The dearth of affordable housing options in superstar cities like New York, San Francisco and San Jose (...

What Is About To Crash - The Markets, The Economy? Neither, Even If Greenspan (Who?) Says So!

Terry Connelly | Posted 05.19.2015 | Business
Terry Connelly

It's late spring, and the Chicken Littles are back. They don't fly but they do cluck.