We have an economy that is currently distributing income and benefits quite well to about 20 percent -- especially to the top 1 percent -- but an economy that is doing little for the middle class and below -- the 80 percent.
The more people working, earning income and spending, the greater the economic benefits. The masses move the needle, not the 1% at the top.
Growing income inequality continues to weaken the American middle class and stagnant wages, low wage jobs replacing those with livable wages and fewer government investments compromise the ideals that make this country strong.
Despite recent improvements in the economy, the average time people are out of work is still twice as long as any recession since the 1950s.
Right now, with the U.S. manufacturing sector employing less than 10 percent of the U.S. civilian labor force, the sector is not even half the size it needs to be for our nation to again have a balanced, high-growth economy.
Looking to the year ahead, how do we see the global economic landscape, and what will this mean for our region? This question is especially on people's minds today, given the risks of deflation in advanced economies and of sustained turbulence in emerging markets.
Living in and around New York City, it has been hard to miss the explosion of blue bicycles that have found themselves throughout the city streets.
It's no wonder that our propensity to cut corners is heavily influenced by our environment and peers.
Although exaggerated for Hollywood, it's clear why students might be tempted to take a pill that might lend mental clarity and energized focus. I wondered, though ... how are people getting their hands on it?
I am happy to report that the State of the News Quiz is healthy and the outlook is good, at least if you take our Week to Week News Quiz and test your knowledge of the week's happenings.
American capitalism tells people that if they work hard, they will be rewarded. That myth persists despite decades of evidence against it.
In his SOTU address, President Obama said: "It's not enough to train today's workforce. We also have to prepare tomorrow's workforce, by guaranteeing every child access to a world-class education." No matter which side of the political aisle you sit on, we think that's a sentiment worth supporting.
There are countless ways to explain and decipher the inner-workings of the US and world economies. But little is actually discussed about the underpinnings of what truly defines a healthy economy. It's not complicated.
I do believe that China has a very bright future. However, until these structural flaws are addressed by the Chinese government, China will not overtake the U.S. as the global economic leader.
Today, the Earth got a little hotter. Daily Climate Change: Global Map of Unusual Temperatures, Jan 29 2014 How unusual has the weather been? No ...
For Freedom Industries, all that matters is the bottom line. Their goal, like that of too many other corporations, is to have as little interference from government as possible so that they can go about their, ahem, business, as they see fit. But it's not just West Virginia where this happens.