Attracted by the promise of jobs and tax revenue, most towns would offer significant economic incentives to attract a large …
public policy
The Neverending Bailout: The U.S. Is Still Owed $133 Billion from Crisis Fund
If you thought the bank bailout that started in late 2008 was long gone, you would be far from wrong. The special investigator for TARP, the government fund that was created in the wake of the financial crisis, released a report …
Does Obama Finally Have a Plan to Fix the Housing Mess?
Perhaps the single biggest headwind the American economy faces, rivaled only by unemployment, is the dismal housing market. American’s biggest source of wealth has been decimated over the past six years, so it was no surprise …
The Limitations of Looking at the Big Picture
On Wednesday, the World Economic Forum will gather on a pretty mountain in the Swiss village of Davos. Immortalized as the Magic Mountain in Thomas Mann’s classic novel about a tuberculosis sanatorium, Davos today attracts those
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Is India’s Government Killing its Economic Miracle?
In a recent special issue of TIME, I argued that India would eventually overtake China as the world’s premier emerging market. It’s a prediction that often produces snickers. How, skeptics ask, can India’s fractious …
Half of Americans Can’t Raise $2K in 30 Days
A quarter wouldn't be able to come up with $2,000 at all, and another 19% would have to pawn or sell some of their possessions to do so.