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US Economy

A Turning Point for Housing

Diane Swonk | Posted 03.22.2013 | Business
Diane Swonk

Some worry that a bubble may be forming but we still have a long way to go to meet pent up demand, let alone any level considered "normal."

Reaching the Right Balance

JoAnna Kroeker | Posted 05.22.2013 | Teen
JoAnna Kroeker

Until leading politicians reach the right balance of tax increases and spending cuts, any chance of long-term sustainability and returning to a Standard and Poor's AAA sovereign credit rating is slim.

Reinvention: Editing Out What's Not Working, Finding What Does Work

Russell C. Smith | Posted 05.21.2013 | Impact
Russell C. Smith

Reinvention is a lot like revising a piece of writing. To reinvent, you review what currently is and ask yourself what's not moving the process ahead.

Selling the Store: Why Democrats Shouldn't Put Social Security and Medicare on the Table

Robert Reich | Posted 05.21.2013 | Politics
Robert Reich

We are the richest nation in the history of the world -- richer now than we've ever been. But an increasing share of that wealth is held by a smaller and smaller share of the population, who have, in effect, bribed legislators to reduce their taxes and provide loopholes so they pay even less.

Has Copper Lost Its Predictive Power?

Peter Hall | Posted 05.21.2013 | Business
Peter Hall

Copper is not a rare mineral, but it has a rare property: foresight. Pundits have often turned to the price of the orange metal as a reliable indicator of near-term economic direction.

Federal Reserve Stands By Stimulus

AP | MARTIN CRUTSINGER | Posted 05.20.2013 | Business

WASHINGTON — The Federal Reserve on Wednesday stood by its efforts to keep borrowing costs at record lows, saying it isn't yet convinced that th...

Is Income Inequality A Sin?

Ronald J. Sider | Posted 05.19.2013 | Religion
Ronald J. Sider

If we believe what the Bible says about God's concern for the poor; if we believe what the Bible says about justice; then we must denounce the gross inequality of opportunity and income in our country today as blatantly sinful.

O'Donnell Thinks Krugman Is 'A Lonely Voice Opposing Austerity' Because He Listens to MSNBC

William K. Black | Posted 05.19.2013 | Business
William K. Black

It is very harmful to the nation that MSNBC has led people to believe that there is only one, presumably hopelessly weird, economist in the world who opposes austerity as a response to the Great Recession.

No, Government Spending Really Isn't Going Up Right Now

Jared Bernstein | Posted 05.18.2013 | Politics
Jared Bernstein

2013-03-18-Screenshot20130318at1.59.15PM.jpgWhenever I say that, I get emails from people who don't believe it, and not just complaining conservatives. Well, here are the numbers.

Common Ground for Aircraft Carriers and Health Care

Peter Merriman | Posted 05.15.2013 | Politics
Peter Merriman

When disagreeing parties attempt to compromise, the first step is to find common ground. Perhaps the Democrats and Republicans have stumbled on a tiny patch of common ground and failed to recognize it.

Seven Million Jobs, Two Budgets - and One Very Strange Tribe

Richard (RJ) Eskow | Posted 05.14.2013 | Politics
Richard (RJ) Eskow

The problem isn't that we can't fix our economy. The problem is we won't. And until we change the primitive culture of our politicians and media, our citizens will suffer the consequences.

'Funeral for Our Future' Results in More Arrests as Keystone XL Protests Escalate

Adam Greenberg | Posted 05.14.2013 | Green
Adam Greenberg

This past Monday, a funeral procession over 100 strong trudged solemnly towards TransCanada's offices in Westborough, MA. Dressed in black and carrying paper flowers, the mourners sang a chilling dirge.

3 Principles for Wealthy Investing

Tyrone Jackson | Posted 05.14.2013 | Business
Tyrone Jackson

In my Wealthy Investor program we call these three stocks Superior Dow Stocks due to their tendency to rise over time based on consistent annual revenue growth. However, if their revenue were to decline year over year in 2013, then the "date" would end.

Our National Optimism Deficit

Lt. Gen. Clarence E. McKnight Jr. | Posted 05.14.2013 | Politics
Lt. Gen. Clarence E. McKnight Jr.

Everywhere I look I encounter yet more doom and gloom among people who should be out there inspiring us to greater things. I perceive a general angst that we are adrift, that our ship of state has struck a reef and is foundering in a turbulent sea.

The Contest Over the Real Economic Problem

Robert Reich | Posted 05.14.2013 | Politics
Robert Reich

The biggest problems we face are unemployment, stagnant wages, slow growth, and widening inequality -- not deficits. The major goal must be to get jobs and wages back, not balance the budget.

The Problem With Charm Offensives: If They Are Needed, They Have Already Failed

David Coates | Posted 05.13.2013 | Politics
David Coates

Please, Mr. President: no grand bargains with the defeated. No toleration of their scorched-earth policies. Stop inviting Republicans to dinner. Start eating them for lunch. Democratic charm-offensives focused on Republican lawmakers can come at too high a price.

A Smart and Principled Plan to End 'Too Big to Fail'

Richard (RJ) Eskow | Posted 05.13.2013 | Politics
Richard (RJ) Eskow

Wall Street money and influence suffuses both our politics and our media, so the answer to that question remains to be seen. But the ideas presented by Fisher and Rosenblum should reshape our national conversation over the financial and moral failure of our current banking system.

A Rosetta Stone for Today's Muddle

Frank A. Weil | Posted 03.11.2013 | Politics
Frank A. Weil

The sequestration idea, whoever really came up with it, was fiendishly too clever by half. It was designed to create two Hobson's reciprocal choices a...

More on the Ryan Budget: A Guidepost on the Road to Gridlock

Jared Bernstein | Posted 05.12.2013 | Business
Jared Bernstein

As the Ryan budget, which is really quite divorced from reality outside the hyper-conservative House and has absolutely zero chance of enactment, shows, these budgets have little to do with the actual agreements that determine actual revenues, outlays, and policies.

Ryan the Redistributionist

Robert Reich | Posted 05.12.2013 | Politics
Robert Reich

Paul Ryan's new budget purportedly gets about 40 percent of its $4.6 trillion in spending cuts over ten years by repealing Obamacare, but Ryan's budget document doesn't mention that such a repeal would also lower taxes on corporations and the wealthy that foot Obamacare's bill.

Ryan's Regressiveness Redux

Robert Reich | Posted 05.11.2013 | Politics
Robert Reich

Austerity economics -- of which Paul Ryan's upcoming budget is the most extreme version -- is a cruel hoax. Cruel because it hurts most those who are already hurting; a hoax because it doesn't work.

Will Apple's Stock Rise?

Tyrone Jackson | Posted 05.11.2013 | Business
Tyrone Jackson

The focus on innovation appears to be slowing. That could mean slower revenue growth in 2013. In fact, its slower revue growth has contributed to the stock's recent price decline from $700 to $466 per share. As an investor, your job is to find the next Apple.

Who Benefits From the Climbing U.S. Stock Market?

Jared Bernstein | Posted 05.11.2013 | Business
Jared Bernstein

Go ahead and cheer the climbing market, but don't kid yourself that it's raining down wealth on everybody.

Jobs Up More Than Expected Last Month

Jared Bernstein | Posted 05.08.2013 | Business
Jared Bernstein

Whether the better-than-expected results signal a faster underlying trend in job growth, and whether it can withstand the fiscal drag from the sequester, is yet to be seen.

Sequestration: Economic Russian Roulette Comes to America

Sheldon Filger | Posted 05.07.2013 | Politics
Sheldon Filger

There are arguments currently underway as to how much of an impact 85 billion dollars in arbitrary spending reductions will have on a still fragile economy. These concerns miss the essential point.