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American Economy

Matt Taibbi: America Has A 'Profound Hatred Of The Weak And The Poor'

HuffPost Live | Emily Tess Katz | Posted 04.16.2014 | Business

Living in America has taught Matt Taibbi that we as a society have "a profound hatred of the weak and the poor." That's one claim the former Rolli...

The In-Betweeners of a Broken System

Ashley Schmidtbauer | Posted 04.15.2014 | Politics
Ashley Schmidtbauer

You want to know how the working poor really live? My husband works an average of 50 hours per week just so we can barely make it paycheck to paycheck. We are the in-betweeners. Not making enough to live "comfortably" -- but not "poor" enough to get any assistance either.

My Tailspin Into Brokeassdom

Chi Sherman | Posted 04.02.2014 | Politics
Chi Sherman

I got laid off from a full-time job due to the belly-up economy. I didn't realize just how much of my identity I had associated with "being important" -- dressing up, interacting with clients, being seen as a professional. Now I was aimless, wearing jeans and flip flops, and worrying about money in a way I never had before.

Am I the Face of the New American Middle Class?

K. Ford K. | Posted 03.12.2014 | Politics
K. Ford K.

I began to feel I had slipped so low that I was no longer respected. I lost self confidence. I stopped talking about my writing. Soon nobody knew that I was a writer or that I'd ever gone to college. Nobody knew me. I became invisible.

On the Brink: Surviving as a Single Mom in America

Beth Leyba | Posted 03.05.2014 | Politics
Beth Leyba

I am somebody. I have value. I am working, even if it's barely enough to get by. I will simply keep doing the best I can for my children, and I will continue feeding homeless youth even as I struggle to put food on my own table.

When Job Interviewers Say I'm 'Overqualified' They Really Mean 'Too Old'

Craig Giesecke | Posted 03.05.2014 | Politics
Craig Giesecke

These days I find myself in my 60th year, living with my in-laws in Southern California as if I am a just-graduated 20-something, leafing through Craigslist and other sites looking for a job. The most frequent word I hear in job interviews is "overqualified." Wait a minute.

Down and Out in the Margins of the American Economy

Bill Stieger | Posted 04.16.2014 | Politics
Bill Stieger

We damn well know the pointlessness of self-pity. But through these recent ordeals we have grown jaundiced about our government and both political parties. Our Congress, with little exception, is solely representative of corporate interests, not people like us.

I'm a Single Working Mom -- Stop Calling Me a 'Taker'

Janice Benson | Posted 04.14.2014 | Politics
Janice Benson

Some days I am so weary I could sit and cry, if I didn't have so much to do. Entire networks and politicians make careers out of demonizing women like me as takers. Meanwhile, I just pray and work.

Contrary to Popular Opinion: America Doing Well (Relatively) Economically and Competitively

Frank Islam | Posted 04.01.2014 | Business
Frank Islam

So, the United States is in the toilet right? Wrong! When one looks at a variety of data sources, the United States appears to be doing well in relative terms both economically and competitively.

The 'Expectation Revolution' Is Rattling Chile, Turkey and Brazil

Kemal Dervis | Posted 03.23.2014 | World
Kemal Dervis

Big challenges lie ahead for the emerging economies. To avoid serious social and political pressures, growth has to be not only rapid, but broad based and equitable, in the sense that if there are steep income increases for some accompanying rapid growth, they must be perceived as deserved by effort and job creation, and not due to exploitation of rents or political favours.

When America Becomes Number Two

Kishore Mahbubani | Posted 03.23.2014 | World
Kishore Mahbubani

It is political suicide for any American politician in office to speak of America and number two.

When Working Hard Still Means You're 'Working Poor'

Dirk Hughes | Posted 03.18.2014 | Politics
Dirk Hughes

My story is not unique. It may be surprising, but it is not unique. I have a doctorate. I have been employed full-time for 35 years with only a week or so between jobs. I have worked my butt off my entire adult life. I do not have a drinking or gambling problem. And I still live paycheck to paycheck.

The American Dream, Compared

Fiona Citkin, Ph.D. | Posted 02.08.2014 | Business
Fiona Citkin, Ph.D.

Compared with the European and Chinese dreams, the American Dream is alive, evolving, and shining. However, we must honor all its four components: reducing it to only economic prosperity and thus presenting US-Americans as primitive fame-and-fortune hunters is unfair.

Occupy Wall Street Should Seek a Meeting With Pope Francis

Brent Budowsky | Posted 11.22.2013 | Politics
Brent Budowsky

During the financial crisis Pope Benedict directly called for increasing government regulation of finance, and directly called for a financial transaction tax levied on large banks. Sound familiar?

Your Price of Gasoline Is Going Up! How Sweet It Is!

Raymond J. Learsy | Posted 09.13.2013 | Business
Raymond J. Learsy

The days of the Commodity Exchanges functioning as casinos should be brought to a cataclysmic halt by forceful government action serving the interests of the public's well-being and sane economic policy.

Uncertainty, Hirschman and Mozart

Jared Bernstein | Posted 08.30.2013 | Business
Jared Bernstein

What I find striking is a pervasive denial of the reality that economies are always fraught with uncertainty, as is much else in life, of course. So how is it that in recent years, this has become a major complaint?

Open Data Is Good for America

Steven VanRoekel | Posted 07.29.2013 | Politics
Steven VanRoekel

Taxpayers paid for these data -- they belong to the public -- so we believe they should be accessible to everyone. And we can't wait to see what new products, services, and companies get created by American entrepreneurs as they innovate using these data as fuel.

Have We Psyched Ourselves Into Permanent Low Growth?

Peter Hall | Posted 06.05.2013 | Business
Peter Hall

Four years later, sentiment is mired at recessionary levels, in spite of serious attempts to break free. Are we now psyched out, resigned to a gloomy future, or is there light at the end of this long, dark tunnel?

A Tale of Two Futures: Ryan Against the Congressional Progressive Caucus

Robert L. Borosage | Posted 05.14.2013 | Politics
Robert L. Borosage

Both parties agree that we suffer from mass unemployment, declining wages, and growing inequality. Both agree that rising future deficits should be addressed. But they offer completely different responses to these realities. The question, of course, is where Congress lines up.

Top 10 Heroes Of The American Economy

Inc. | Posted 12.07.2012 | Small Business

Introducing the 10 biggest job creators in America. They've created an astounding 33,413 jobs in three years, and top Inc.'s inaugural Hire Power ...

Baby, It's Cold Outside

Dr. Cheryl Pappas | Posted 01.30.2013 | Healthy Living
Dr. Cheryl Pappas

Since someone has to do it, here it comes. No, not Santa, but my yearly tradition of noting a distinct disparity between Christmas and real life.

The Archeology of Decline

Steve Fraser | Posted 02.02.2013 | Politics
Steve Fraser

"Debtpocalypse" didn't just appear in time for the last election season or the lame-duck session of Congress to follow. It is merely the latest installment in a tragic, 40-year-old story of the dispossession of American working people.

The Gift of a Sustainable Economy

Ralph Nader | Posted 01.30.2013 | Business
Ralph Nader

The holidays, once considered a sacred time for family and celebration, have been hijacked by big companies sending out a message to the American people, playing on an endless loop: "Buy, buy, buy!"

Protecting the American Dream Should Be the President's Top Priority

Nitin Nohria | Posted 01.23.2014 | Politics
Nitin Nohria

Many people equate the American Dream with the attainment of a set of possessions -- a car and a home or a rising standard of living. Those are certainly desirable, but the more important element differentiating the U.S. economy from most others is social mobility.

Pander Bears

Robert Kuttner | Posted 12.21.2012 | Politics
Robert Kuttner

We have plenty of debate on whose budget numbers are fishy (Romney's) and on whether to bring about deficit reduction by slashing social spending to pay for even more tax cuts (Romney) or whether to have a mix or budget cuts and tax increases on the wealthy (Obama.) Of the two positions, Obama's is both the more sensible and intellectually honest. But the Democrats are mistaken when they argue that the deficit needs to be cut any time soon. With the economy weak, we certainly don't need $2 trillion in spending cuts as Obama proposes; if anything, we need more stimulus spending.