The September jobs report is spooking even the optimists.
Remember shovel-ready infrastructure jobs and how they were going to lift the country out of the economic doldrums? They have not fared well, thanks to partisan politics. The Amtrak crash that took at least six lives last night makes it more obvious than ever that we need them now.
The Federal minimum wage of $7.25 per hour is far too low. A full-time worker -- 40 hours per week for 52 weeks -- earning the minimum wage is guaranteed to live at the poverty level. Raising the minimum wage is good economics, good policy, and good for workers.
Now more than ever it is imperative that Republicans and Democrats work together to focus our vast national resources on new and better ways to grow our economy that are more sustainable and inclusive for Americans of all backgrounds and political persuasions.
Entrepreneurs not only provide us with critical innovation and keep us at the forefront of global markets, they also create ways to gain financial independence. So why has the percentage of start-ups in the U.S. dropped significantly in the last 35 years?
Janet Yellen's second policy-setting session as Fed chair offered no new guidance on that front. The Fed has said it will
Making money cheaper is not going to make anyone want to take risk if they think the fundamental outlook is poor. Except
What is the biggest crisis facing contemporary concert dance? If you ask almost anyone in the field, they won't say talent is sparse. They won't say there is a creativity deficit. They won't say there aren't enough innovative collaborators.
When the stimulus was kicking in, adding significant demand to the economy, real GDP and job growth quickly turned less negative, with GDP turning positive later in 2009, and job growth beginning in early 2010. Moreover, as the stimulus flattened, so did they.
* BOJ changes policy target to base money from interest rates * Combines bond-buying schemes, targets JGBs across curve * BOJ