I've stated repeatedly that a massive amount of stimulus has been required to generate GDP growth of just 2.0%-2.5% annually since the end of the Great Recession (June 2009). We have further said that the removal or reversal of some of these stimulants will be a tough hurdle for the economy to overcome.
Dodd-Frank is a sweeping regulatory initiative and there is no reason to believe that Congress got it right the first time around. It did not. But it is equally unrealistic to equate any small attempt to improve it as a wholesale assault on the desirable goal of avoiding a future financial crisis.
The tech and automation job-quake is finally gaining attention, with predictions that nearly half of American jobs will be lost within a couple of decades. Yet too many leaders still avert their eyes, making decisions through a rear-view mirror rather than planning for a horizon already upon us.
...asked my 9 year-old last month. Otherwise absorbed in a rousing Fifa 15 match, he looked up from the iPad when the news upstaged Isco's corner kick.
Basic facts about the Trans-Pacific Partnership (TPP) are under public dispute. Fast track must not be approved until this is cleared up. We the People deserve to know what is being voted on with fast track.
One of the most pressing issues for our society today is income inequality. That is, the rich get richer while the poor struggle to access meaningful opportunities. Janet Yellen, President Obama, and former Secretary of Labor Robert Reich have all cited it as a growing concern for our economic well-being.
Let's set the scene. It's Friday night. 11pm. It's raining outside and we're in Paris. We're in a dark corner of a dingy jazz bar. Someone's wearing stripes. We close in on one girl, eyes fixed on the main stage, foot tapping and head swaying.
When the Wall Street bubble burst in 2008 because of excessive risk-taking, millions of working Americans lost their jobs, health insurance, savings, and homes. But The Street is back to many of its old tricks. And its lobbyists are busily rolling back the Dodd-Frank Act, intended to prevent another crash.
Today, the Earth got a little hotter, and a little more crowded. @@ Global Warming Carbon Dioxide Levels Tick Past 400 ppm Reversing CO2 ...
Most of the BRICS are far from becoming major powers. While the United States has $57,000 GDP/capita, the BRICs' GDP/capita ranges from a tiny $1,500 (India) and low level of $6,800 (China) to modest levels of $11,200 (Brazil) and Russia ($14,600).
If we want to encourage autos that are more fuel efficient, and ultimately cars that rely on renewable energy, we need to start with the factors that influence consumer choice.
Why was the economics profession caught unaware by the financial crisis of 2008? Why did their models fail to predict a recession that very nearly became a worldwide depression?
Exposés like the Times' series on nail salon workers, and the other investigative research that came before it, can help shift consciousness. But what's also required is a power shift. A true transformation will require a broad social movement with the power to bring government back on the side of working families.
Today, our farmers, ranchers and rural communities are more prosperous and successful thanks to strong trade agreements.
Amid a recent flurry of announced investments in the booming Mexican auto sector, a cold hard fact is increasingly impossible to ignore: overall foreign direct investment (FDI) in Mexico has been nothing short of mediocre in recent years even despite the country's post-crisis hype.
Many Chicagoans write off the relentless comparisons of their city to bankrupt Detroit. After all, Chicago isn't a run-down, empty shell of a city. It doesn't rely on just one industry to survive. And it certainly hasn't lost 60 percent of its population like Detroit has.