If you spend any time reading about economics on the internet, you’re aware of the many virtual pamphleteers who loudly portend the impending downfall of the American government and global financial system in general. It’s …
Economy
Report: Private Sector Adds 209,000 Jobs in March
The private sector added 209,000 jobs in March, according to an analysis from the payroll services firm ADP. The report also noted that the economy added 23,000 more jobs in the first two months of 2012 than ADP had previously …
Europe’s Economic Woes: That Sound You Hear Is the Euro Cracking
A breakup in the euro zone just got more real with the announcement of the short list for the Wolfson Economics Prize, a prestigious economics award that has the biggest payout (£250,000, or about $400,000) after the Nobel …
Is the Wimpy Recovery Morphing into a Recession?
We’ve just begun coming to grips with the wimpy recovery. Are we actually in for another recession? That was the implication of a couple of economic reports I read this week, including one by ITG Investment Research, which …
Why Portugal May Be the Next Greece
The worst is over for the euro zone, the experts say. But Greece isn’t really fixed and Portugal could become a second big problem before year-end
Why We Need to Tackle the Skills Gap
I was struck this morning by two Op-Ed pieces: first, Larry Summers prescription for how to nurture the recovery in the FT, and Steven Rattner’s parsing of some new data on American inequality which found – surprise! – the …
Where the Fed’s Profits Come From
Stimulus policies such as Quantitative Easing have had the side effect of boosting the Fed’s net income, but they have also created a couple of big risks.
Can Asian-Style Capitalism Save the West?
As you can imagine, the people out in Asia are feeling pretty good about themselves these days. And why shouldn’t they? While the U.S. and Europe struggle with debt, unemployment and sagging competitiveness, most of Asia seems …
America’s Least and Most Expensive Cities to Do Business In
Corks must be popping in Cincinnati—albeit from bottles of Bonnaire—now that the Queen City has finished first in the U.S. in a recent ranking of the costs of doing business. That’s first as in cheapest: Thanks in part to especially low property taxes, transportation costs and leasing rates, Cincinnati was rated the least-costly city …
Why Men Will Continue to Dominate the Jobs Recovery
Men might have lost more jobs during the recession than women did — but a new report shows that it’s women who are struggling more in the financial recovery.
China Makes iPads. So Why Does It Still Cut Corners For Its Own Consumers?
Consumers in China are all too familiar with the realities of shopping locally. In the kingdom of “caveat emptor,” the buyer who doesn’t beware faces a daily gamut of frustration and disappointment with substandard purchases — …
Break Up The Banks! Dallas Fed President Calls for The End of “Too Big To Fail”
Since 2008, there have been plenty of calls to forcibly dismantle the “Too Big To Fail” (TBTF) Banks, but few of those calls have come from those in positions of real power. But the Dallas Federal Reserve Bank President, …