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US Economy

Next Big Thing: Commercial Real Estate

Toni Haber | Posted 07.24.2014 | New York
Toni Haber

We've seen the influx of residential new developments rising around Manhattan for a few years, but now the commercial industry is taking the lead.

Obama and the World's Ills

Robert Kuttner | Posted 07.20.2014 | Politics
Robert Kuttner

It's hard to recall a time when the world presented more crises with fewer easy solutions. And for the Republicans, all of these woes have a common genesis: American weakness projected by Barack Obama. People in the Middle East, former Vice President Dick Cheney said recently, "are absolutely convinced that the American capacity to lead and influence in that part of the world has been dramatically reduced by this president." He added, "We've got a problem with weakness, and it's centered right in the White House." Really? It's instructive to ask: What exactly would a Republican president advised by Cheney do in each of these crises? Let's take them one at a time.

United States Big Business: Acting Local. Paying Global

Frank Islam | Posted 07.18.2014 | Business
Frank Islam

There's only one problem, as Walgreens has shown over the past few weeks, this faux patriotism is more about profits than dedication to country.

The World Financial Cup

Robert Kuttner | Posted 07.13.2014 | Politics
Robert Kuttner

Germany represents everything that's wrong with the world financial system. Argentina is the epic case of countries whose economies are screwed by policies championed by Germany -- and unfortunately by the United States as well.

Damaged Democrats: Can They Recover?

Robert Kuttner | Posted 07.06.2014 | Politics
Robert Kuttner

When you consider what has been happening to the average working person since the era of Ronald Reagan, it's amazing that the Republicans have fought the Democrats about to a draw. The recipe of Reagan and both Bushes has been to weaken government, undermine the regulation of market excesses, attack core social insurance programs, tilt the tax system away from the wealthy and towards the middle class, gut the safeguards that protect workers on the job, make college ever more unaffordable, and appoint judges who undermine democracy itself. That stuff is not exactly popular. Yet Democrats seem largely unable to convert Republican elitism to their advantage.

Obama Cheers Positive Jobs Report: 'We're Making Progress'

AP | DARLENE SUPERVILLE | Posted 07.03.2014 | Politics

WASHINGTON (AP) — President Barack Obama says job growth in June shows the recovery is taking hold, but the economy could still do better. Obama is...

Needed: A Drastic Economic Transition

Robert Kuttner | Posted 06.30.2014 | Politics
Robert Kuttner

Last month, President Obama belatedly decided that the global climate crisis necessitated action to reduce carbon emission caused by coal. He authorized the EPA to issue draft regulations requiring utilities to cut carbon dioxide emissions from existing coal plants by up to 30 percent by 2030. With climate change and coal's inherent dirtiness not exactly state secrets, I wondered why the president had waited until a difficult election year, when Democrats in coal states face difficult elections. But Obama's unerring sense of timing is a subject for another day. And these proposed regulations, though an improvement, only scratch the surface of what needs to be done. The thought occurred: Wouldn't the economic dislocations of a serious effort on climate change be more bearable if the economy were at full employment?

In Harm's Way in 2014

Stephen Herrington | Posted 07.08.2014 | Politics
Stephen Herrington

Why does anyone still believe that the GOP is the better party to deal with economic issues when it is at their hands that the economy was ruined in 2008 and it is by their obstructive hands that the economy remains deliberately unrepaired to this day?

5 Years After the Great Recession, Our Economy Still Far from Recovered

Andrew Fieldhouse | Posted 06.26.2014 | Politics
Andrew Fieldhouse

Five years after the end of the Great Recession, the economy is far from healthy. A tragic mix of budgetary blunders and congressional inaction deserve the lion's share of the blame for this.

America Can Still Lead the World -- With Coalitions Abroad and by Getting Our Own House in Order

Carla Seaquist | Posted 06.26.2014 | Politics
Carla Seaquist

Great nations decline and fall through a fatal combination of too many wars abroad and a hollowing-out of institutions at home. If America gets its own house in order while leading coalitions abroad, we will do the world great good

Whoa! Whassup with That Big Negative Q1 GDP Revision?

Jared Bernstein | Posted 06.25.2014 | Politics
Jared Bernstein

Real GDP contracted at a 2.9 percent rate according to revised data released on Wednesday. That's contracted, as in went down. So, are we back in recession?

Expanding Renewable Energies, Expanding Job Prospects?

Avi Yashchin | Posted 06.19.2014 | Green
Avi Yashchin

With the U.S. currently experiencing an economic slowdown, an unnerving unemployment rate and a national debt register expecting to reach $20.0 trillion by the end of this decade, something needs to change.

Listening to the OECD and IMF (!?#*!) on the EITC/Minimum Wage Connection

Jared Bernstein | Posted 06.18.2014 | Business
Jared Bernstein

OECD's report touts the virtues of the EITC as a wage subsidy for low-income workers that both encourages work and reduces poverty. They go on to emphasize an EITC reform that we too have gotten solidly behind.

Dear Baby Boomers, Step Aside

Taylor Brorby | Posted 06.18.2014 | Business
Taylor Brorby

Some of us were told to go to graduate school, taking on more debt, being advised that this would set us ahead of the competition. And after graduation we found -- and continue to find -- that the economy is still lagging.

Senior Entrepreneurs Play a Vital Role

Jack Nadel | Posted 06.17.2014 | Small Business
Jack Nadel

Over my nearly 70 years as an entrepreneur, I have sometimes been described as a visionary, but this is really a misnomer. The truth is that I am a tremendous opportunist.

America's Dying Factories Are Widening Income Inequality

AP | By MICHAEL RUBINKAM | Posted 06.16.2014 | Business

READING, Pa. (AP) — In August 2008, factory workers David and Barbara Ludwig treated themselves to new cars — David a Dodge pickup, Barbara a spor...

India and the U.S.: Rebooting economic relations

Samarth Pathak | Posted 06.13.2014 | Politics
Samarth Pathak

India-U.S. economic cooperation needs a lot more energy to grow and nurture. It also needs greater synergy between stakeholders on the two sides.

What the EPA Clean Power Plan Means: More Jobs, Less Carbon

Bob Keefe | Posted 06.05.2014 | Business
Bob Keefe

Here's what the Environmental Protection Agency's new pollution standards for power plants will mean for America: More jobs, less carbon. Of course the fossil fuel industry and some manufacturing organizations are trying to push the false premise that you can't have a healthy environment and a healthy economy.

Why We Should Pay Attention to Obama's Visit in Europe

Aurelia Condrat | Posted 06.02.2014 | Politics
Aurelia Condrat

The U.S. presence in Europe, its extension towards Eastern countries, makes countries like France and Germany to adopt a non-American attitude. This attitude is manifested by some European States afraid not to lose their sovereignty.

Russia-China Gas Deal

Aurelia Condrat | Posted 07.27.2014 | Politics
Aurelia Condrat

This deal will cause panic in Europe, but China will not offer the same high prices and volumes that the European market offers. Europe is still the main market for Russia. The deal should push Europe to identify alternative gas sources.

Jobs for Blue Collar Men

Paul A. London | Posted 07.22.2014 | Business
Paul A. London

A strong reason to do infrastructure now is that interest rates are very low so financing is cheap and trillions of private money is on the sidelines that could be borrowed inexpensively to finance infrastructure expansion.

11 Million Jobs Supported by Trade in the United States

Rep. Henry Cuellar | Posted 07.20.2014 | Politics
Rep. Henry Cuellar

With May being World Trade Month, it is important to emphasize the role that international trade has on our economy. We have an opportunity to expand upon that economic productivity with the development of the Trans-Pacific Partnership agreement.

CHART: In Terms of Social Progress, America is Not #1 -- It's #16

Michael E. Porter | Posted 07.14.2014 | World
Michael E. Porter

As Americans, we like to think of ourselves as a world leader. Yet the new Social Progress Index, a comprehensive framework measuring numerous important social outcomes, paints a very different picture - the U.S. ranks only 16th of 132 countries measured, behind other large countries such as Germany, the UK, Japan and Canada. On Health and Wellness, for example, we spend more on health care than any country in the world but in terms of the outcomes achieved--such as obesity and life expectancy--we are number 70 in the world, way below our advanced economy peers.

Yellen Issues New Warning About Housing

Reuters | Posted 07.07.2014 | Business

* Sticks to Fed script on need for low rates * Comments on housing and geopolitical risks break new ground (Adds quotes, details, ...

China as the World's Largest Economy: What Does It Mean?

Mark Weisbrot | Posted 07.05.2014 | Politics
Mark Weisbrot

China is a rising power, but the government does not seem to be interested in building an empire. Unlike the United States, which has hundreds of military bases throughout the globe, China doesn't have any.