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TPP Would Add 8,000 U.S. jobs a year
The U.S. International Trade Commission said on Wednesday that the sweeping pan-Pacific trade deal President Barack Obama wants Congress to approve before he leaves office would likely have only a...
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Corporate America Is Drowning in Debt
Economic inequality isn’t just about the plight of American workers. There’s a serious gap widening between the haves and have nots in Corporate America, too. The net result that the overall numbers...
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Even For Mobsters Getting A College Degree Pays Off
Education is good for your paycheck--even if you're a mobster. That's the finding of research by a British university, which focused on the education levels of members of the Italian-American mafia...
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How Income Inequality Is Killing the Traditional Family
Tradition dictates marriage then children. But more and more young adults are headed for babies before the wedding, largely thanks to income inequality, according to a study published in the American...
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World Bank Seen Naming NYU’s Romer as Next Chief Economist
The World Bank is expected to name New York University economics professor Paul Romer as its next chief economist this week, two people familiar with the decision said, a move that would bring in a...
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Bill Gates Says We’re on the Verge of These 3 Amazing Technological Advances
If you were worth $80 billion dollars, you might not be too worried about American’s productivity slump either. Microsoft founder Bill Gates waded into one of the hottest debates in economics on...
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Why Trumponomics Makes Sense to Americans
Donald Trump has turned off a lot of policy wonks. But when it comes to taxes, according to a new survey, Trump’s plan is likely to be seen as the better choice than Clinton’s. A new paper, which was...
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Here’s How Much Donald Trump Wants To Cut Taxes
Republican presidential nominee Donald Trump will propose tax breaks for working families and for corporations as he outlines his economic plans on Monday in an effort to regain momentum lost during a...
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Prestigious Think Tank Says It’s Not Pandering to Corporate Donors
The New York Times published an investigative piece that purports to pull the veil off think tanks’ financial ties with corporate interests. Relying on internal memos and correspondence, New York...
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Why a Record Number of Americans Are Living With Their Parents
The Great Recession may be long over, but it appears American’s living habits have been permanently changed by it. According to analysis of Census data by the Pew Research Center, “a record 60.6...
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The Real Reason Your Paycheck Is Not Good Enough
Rick Wartzman is senior advisor to the Drucker Institute at Claremont Graduate University. When politicians talk up their economic plans, they never promise just to generate jobs. They invariably speak...
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Nobel Prize-Winning Economist Says Donald Trump Doesn’t Get Econ 101
One Nobel laureate thinks Donald Trump would have a tough time passing Economics 101. Joseph Stiglitz said in an interview with Bloomberg that Trump gets a lot of things wrong when it comes to his...
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Nobel Prize-Winning Economist Says Presidential Election Is ‘Unbelievable’
For Daniel Kahneman, a Princeton psychologist and father of the discipline known as behavioral economics, the U.S. presidential election is more than just a political event. It is a case study for the...
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Here’s Why America Is Becoming a Worse Place to Do Business
In the past year, it’s gotten easy to start and run a business in a record 137 countries. The United States, however, wasn’t one of them. On Wednesday, the World Bank released its annual Ease of Doing...
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What to Expect From Friday’s U.S. GDP Numbers
U.S. economic growth likely accelerated in the third quarter as consumers maintained a strong pace of spending and exports surged, potentially keeping the Federal Reserve on track to raise interest...
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How Economists View the Rise of Artificial Intelligence
To really understand the impact of artificial intelligence in the modern world, it's best to think beyond the mega-research projects like those that helped Google recognize cats in photos. According to...
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Here’s Why Mark Carney Staying at the Bank of England Matters
Questions about the independence of the Bank of England are unlikely to be silenced by Mark Carney’s announcement that he will stay at the British central bank for an extra year until June 2019. With...
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Mexico Is Trying to Save the Peso From Donald Trump
When it comes to President Trump, Mexico is preparing for the worst. The Bank of Mexico was forced to raise interest rates on Thursday to combat the swift decline of the peso following the election of...
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Oil Hits Its Highest Price Since Mid-2015
Oil prices surged to an 18-month high on Monday after the world’s top crude producers agreed to the first joint output cut since 2001, sparking concerns about inflation, which pushed up U.S. Treasury...
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Here’s Why More Millennials Are Living With Mom and Dad
High rents and difficulty obtaining mortgages have led more young Americans to live at home with their parents, relatives, and siblings than at any other time in the past 75 years. That's according to...
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