The Great Recession hit small towns hard. But according to a new analysis, small-town America is actually experiencing an economic revival thanks to an oil and gas boom.
Economy
Regulatory Report Card: How Effective Was Mary Schapiro as SEC Chair?
SEC Chairman Mary Schapiro announced yesterday that she would be stepping down from her role in December, marking the end of one of the most eventful four-year periods in the SEC’s history.
When she assumed the Chairmanship of …
Why the Fiscal Cliff is the Wrong Thing to Worry About
The resolution of the Fiscal Cliff will probably no solve much, while little attention is paid to the real economic problems.
Forget the Fiscal Cliff: Why Obama Is in Asia
It might seem strange that newly re-elected President Barack Obama has chosen this moment to jet off to Asia. After all, he’s left a mess of problems back home. The White House is in the midst of tense negotiations with …
The Many Ways Your Taxes Could Go Up in 2013 (Even If You’re Not Rich)
The No. 1 issue on Capitol Hill these days is the so-called “fiscal cliff,” or the set of tax increases and spending cuts that will go into effect Jan. 1, 2013. A Congressional Budget Office Report issued this month projected …
Will the Global Economy Tumble Off America’s Fiscal Cliff?
If the U.S. can’t resolve its looming budget problems, the fallout could plunge the entire world economy into a chasm
The Pessimist’s Guide to Surviving the Fiscal Cliff
Whatever the budget deal, it probably won’t be able to prevent sluggish growth and the risk of rising inflation.
The People’s Bailout: Occupy Wall Street Wants to Forgive Your Debt
During the height of the financial crisis, the federal government pulled out all the stops to ensure the survival of the nation’s largest financial institutions. Along the way, shareholders and creditors of big Wall Street …
Explainer: Did That $6 Billion in Campaign Spending At Least Help the Economy?
After each election, the media tends to brood over a predictable set of issues, like the small mindedness of campaign policy proposals to the nastiness of negative advertising. Another bugaboo of the pious punditry is the …
Whoever He Is, the President Elect Will Quickly Face an Economic Crisis
The U.S. is confronting a dizzying array of financial issues that will have to be dealt with early next year.
The Recession in Pictures: America Copes with a Stagnant Economy
Economist Kenneth Rogoff says we shouldn’t call what happened to America in 2008 and 2009 a “Great Recession,” because it understates the true nature of the crisis. Recessions are frequent events from which we can quickly …
Money Talking: The Economic Legacy of Sandy
What will the economic legacy of Hurricane Sandy be? Will lower Manhattan remain the financial capital of the world, or will trading move to safer land? To hear this and more, tune into the latest episode of WNYC’s Money Talking with Time’s Rana Foroohar and the New York Time’s Joe Nocera.