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US Economy

Stop Protecting Walmart, Raise Workers' Wages

Michael Stewart | Posted 10.17.2014 | New York
Michael Stewart

We must do more than just call Walmart out for their truly shameful practices. Without unions or government rules, companies like Walmart will never do the right thing.

The U.S. and India: Forward Together

Arun M. Kumar | Posted 10.14.2014 | World
Arun M. Kumar

A re-energized commitment to move both countries forward, together. That is what President Obama, leader of the world's oldest democracy, and Indian Prime Minister Narendra Modi, leader of the world's largest democracy, collectively committed to after their meeting last month.

U.S. "vs." China in Africa: A Message to President Obama and Premier Li Keqiang

André Corrêa d'Almeida | Posted 10.14.2014 | World
André Corrêa d'Almeida

President Obama and Premier Li Keqiang: you don't need to be so competitive because you're not actually competing. A more formal collaborative approach could be in your mutual interest.

So Now Replacing 100-Year Old Tunnels Is a Liberal Boondoggle?

Edward Wytkind | Posted 10.13.2014 | Politics
Edward Wytkind

When Wall Street bankers are stuck in Weehawken for hours on their way to work because the tunnels are shut down, they're going to wish there had been some good old-fashioned "liberal" spending programs.

More Trade Agreements Won't Fix Austerity

Robert Kuttner | Posted 10.12.2014 | Politics
Robert Kuttner

The U.S. economy is growing slowly and Europe's hardly at all. The stock market lurch last week is a belated acknowledgement that our two economies share a common affliction, and Europe suffers more seriously. The affliction is austerity. And yet the main remedy being promoted by the U.S. government and its European allies is a trade and investment deal known as T-TIP, which stands for the Trans-Atlantic Trade and Investment Partnership. According to the deal's sponsors, T-TIP would help stimulate recovery by removing barriers to trade and promoting regulatory convergence and hence investment. The proposed deal is not popular in the U.S. Congress, which has to approve negotiating authority. The administration, say well-placed sources, hopes to cram through the necessary approval during the lame duck session of Congress after the November 4 election. That still will not assure approval, because the deal is also increasingly unpopular in Europe.

It's Still the Economy, Stupid!

Bob Burnett | Posted 10.10.2014 | Politics
Bob Burnett

A month before the November 4 mid-term elections, the competition for control of the Senate is neck-and-neck. The improving U.S. economy hasn't increased Democratic prospects. What explains this?

Hype and Reality: American Economic Numbers

David Coates | Posted 10.10.2014 | Politics
David Coates

It is true that the rate of economic growth has quickened, but that rate is still low by pre-recession standards. In July the IMF actually cut the U.S. growth forecast for 2014 to just 1.7 percent, the CBO's in August was just 1.5 percent. These are not stellar growth numbers.

International Powers Sound Alarm Over Bad State Of The Global Economy

The New York Times | Posted 10.07.2014 | Business

The International Monetary Fund cut its forecast for world growth on Tuesday, warning that stagnation in Europe, a slowdown in large emerging markets ...

U.S. Economy Grew 4.6 Percent In Second Quarter

The Huffington Post | Alexander C. Kaufman | Posted 09.26.2014 | Business

The U.S. economy grew at a rate of 4.6 percent in the second quarter, according to gross domestic product numbers released Friday morning by the Burea...

What's Driving Americans Out of the Country?

Ella Jameson | Posted 09.25.2014 | Money
Ella Jameson

While leaving the U.S. may never be an issue of economic survival, the new economic climate is making it a much more tempting option than ever before.

Economic Forces Are Mightier Than the Sword

Jack Nadel | Posted 08.29.2014 | Small Business
Jack Nadel

We should do more to help potential entrepreneurs in places where domestic economies are too weak to assist. If we give this effort a higher priority in our country's foreign policy, we can create a healthier balance of world commerce.

More Jobs That Pay Decent Wages: How to Fight Poverty in the United States

Deniz Igan | Posted 08.28.2014 | Business
Deniz Igan

There are 10.6 million poor people who have a job, and often head households with children. Modest policy efforts can help change the negative dynamics that poverty creates. Luckily, there are tools that can help and which have a proven track record.

U.S. Economy Grows Faster Than Expected

AP | By MARTIN CRUTSINGER | Posted 08.28.2014 | Business

WASHINGTON (AP) — After a bleak start to the year, the U.S. economy grew at a brisk annual rate of 4.2 percent in the April-June quarter, the govern...

Obamacare's "Secret Trick"

Richard (RJ) Eskow | Posted 08.27.2014 | Politics
Richard (RJ) Eskow

CEOs and other executives are overpaid nowadays by any reasonable standard. To make matters worse, taxpayers are footing a large part of the bill. Thanks to some historical lobbying and maneuvering, corporations are able to deduct much of the money they pay to their most highly compensated executives. We can blame corporate CEOs for selfish, shortsighted, and greedy behavior, and we should. But that misses an important point: government policy actually encourages them to behave that way. In one of its lesser-known provisions, the Affordable Care Act limited these tax breaks for health insurers who benefit from the law. While that may sound arcane, the implications could be profound and far-reaching.

Cheating the Chinese

Ryan McMunn | Posted 08.26.2014 | Business
Ryan McMunn

The idea that "they speak English, so I don't need to learn Mandarin" is a losing position. Learn Mandarin, as importantly learn the culture. If you do this, your business wins big.

S&P 500 Rises Above 2,000 Points For First Time

AP | Posted 08.25.2014 | Business

NEW YORK (AP) — The stock market has reached another milestone as the Standard & Poor's 500 index trades above 2,000 points for the first time. ...

Trade Deals from Hell

Robert Kuttner | Posted 08.24.2014 | Politics
Robert Kuttner

The latest reports from Europe indicate that the continent is slipping back into recession. The U.S. is doing only slightly better, with positive economic growth but scant progress on the jobs front, and no growth in the earnings of the vast majority of Americans. Meanwhile, global climate change continues to worsen, producing unprecedented policy conundrums of how to reconcile the very survival of the planet with improved living standards for the world's impoverished billions and for most Americans, whose real incomes have declined since the year 2000. Amid all of these serious challenges, what common strategies are top U.S. and European leaders pursuing? Why, a new trade and investment deal modeled on NAFTA, to make it harder for governments to regulate capitalism.

Is the Era of Big Ideas Over?

Tom Silva | Posted 10.14.2014 | Media
Tom Silva

Literally, big ideas don't stand a chance in our media environment. According to a study by the University of California, San Diego, the amount of info we receive on our mobile devices and at homes everyday takes about 15 hours to consume.

U.S. Labor Force: Where Have All the Workers Gone?

Ravi Balakrishnan | Posted 10.12.2014 | Business
Ravi Balakrishnan

As the U.S. economy recovers, hirings increase and people are encouraged to look for jobs again. Instead, the ratio of the adult population with jobs, or looking for one -- what's called the labor force participation rate -- has been falling, standing at 62.9 percent in July 2014

How Youngstown, Ohio became a poster child for post-industrial America

The GroundTruth Project | Posted 10.12.2014 | Money
The GroundTruth Project

By Eleanor Stanford and Saila Huusko YOUNGSTOWN, Ohio -- Ken Bowman joins the line for a free lunch in the Youngstown Salvation Army canteen, just li...

America Inc. Needs Attitude Adjustment to Reach Full Potential Abroad

Ryan McMunn | Posted 10.05.2014 | Business
Ryan McMunn

With the US economy finally growing at a faster pace globalization has also accelerated. As international trade continues to grow, America Inc. must s...

Goldilocks and the Bear Market

Robert Kuttner | Posted 10.03.2014 | Politics
Robert Kuttner

The economy grew at an impressive rate of four percent in the second quarter of this year, according to a government report released on Wednesday. But the stock market promptly tanked. The Dow lost more than 317 points Thursday and another 70 points Friday. What gives? Financial markets like it when the economy grows fast enough to signal that the recovery is continuing -- but not so fast that labor markets might tighten and workers get more bargaining power to get raises. Markets also worry that if the economy grows too fast, the Federal Reserve might pull back from its policy of low interest rates.

Add Horsepower to America's Economic Engine: Pass a Real Transportation Bill

Rep. John Garamendi | Posted 09.30.2014 | Politics
Rep. John Garamendi

We can provide Americans with economic opportunity, create jobs, and expand our businesses through a bipartisan multi-year transportation bill that rebuilds our crumbling infrastructure.

Children at the Border Are Not a Crisis for Americans

Benjamin Powell | Posted 09.28.2014 | Politics
Benjamin Powell

The unaccompanied children arriving on our Southwest border are not causing an immigration crisis for Americans. Politicians, as usual, are sensationalizing the facts for their own partisan agendas.

Start Early to Be an Entrepreneur

Jack Nadel | Posted 09.28.2014 | Small Business
Jack Nadel

In many ways, an entrepreneur's career is like a football game. Both combine a swift pace with a highly competitive atmosphere. The "game" is divided into four quarters. In the first quarter you assess the other team's strengths and weaknesses based on your scouting report.