Economy

Whoever He Is, the President Elect Will Quickly Face an Economic Crisis

By Michael SivyNov. 05, 20120

The U.S. is confronting a dizzying array of financial issues that will have to be dealt with early next year.

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The Recession in Pictures: America Copes with a Stagnant Economy

By Amy PereiraNov. 05, 20120

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

By Rana ForooharNov. 02, 20120

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.

The U.S. Economy Adds 171,000 Jobs in October, but Challenges Remain

By Christopher MatthewsNov. 02, 20120

Here it is, folks: The final jobs report before the 2012 Presidential Election. The Labor Department announced this morning that the U.S. economy added 171,000 jobs in October, and that the unemployment rate ticked up one-tenth …

Superstorm Sandy Estimated to Cause $20 Billion in Damage in U.S.

By Josh SanburnOct. 30, 20120

Even before Hurricane Sandy made landfall on the East Coast of the U.S., economists were predicting that the historic storm would cause billions of dollars in damage across more than a dozen states where planes were grounded, …

The Cost and Consequences of the U.S. Drought

By Knowledge@WhartonOct. 26, 20120

The 2012 farming season may be in its waning days, but the consequences of this year’s drought, the worst of its kind in 25 years, are yet to be known.

Highly Educated Have Biggest Debt Problems

By Dan KadlecOct. 25, 20120

The federal government is suing Bank of America for a $1 billion over the bank’s pre-crisis mortgage practice known as “the hustle.” But it wasn’t just naive home buyers who fed the financial crisis. Renters and the well educated had too much debt too, and a new study concludes that college graduates are most prone to debt mismanagement.