Economy

A new report released this morning by Senator Harkin, “For Profit Higher Education: The Failure to Safeguard the Federal Investment and Ensure Student Success,” would be the final nail in the coffin for for-profit colleges. “For Profit Higher Education” lays out what groups...
07/30/2012
Blog
Federal Reserve Chairman Ben Bernanke has been desperately trying to levitate a sinking economy, by buying government and commercial bonds in whatever quantities it takes to keep interest rates at record lows. This policy has kept the Great Deflation from being even worse, but it hasn't...
07/30/2012
Blog
Anniversaries usually become more special with each passing year, but not all: Today marks the third anniversary of the last increase in the federal minimum wage – since July 24, 2009, the federal wage floor has been stuck at $7.25 per hour, or just over $15,000 per year for a full-time...
07/24/2012
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Question of the Day: How can the Fiscal Cliff be giving aid and comfort to the Bowles-Simpson crowd? The cliff would create a major economic contraction; so would Bowles-Simpson. The "fiscal cliff" is Beltway shorthand for a combo of automatic tax increases and budget cuts set to go off Jan. 2....
07/23/2012
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If the Great Depression went down in history as the great equalizer (by razing the incomes of the wealthy), the Great Recession may be known for having the opposite effect. According to a new report issued by the Congressional Research Service, the share of wealth owned by the richest 1 percent of...
07/20/2012
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Despite near-record levels of economic inequality, many politicians and pundits still don't think this widening chasm is much of a problem in a country supposedly dedicated to egalitarian ideals. Inequality, the logic goes, is a natural result of different degrees of work and creativity. Some...
07/19/2012
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An essential element of the American Dream is ensuring that each generation has greater opportunities than the last. What, then, do we make of a generation that can earn more than their parents, but still can't seem to climb the economic ladder? A new report released by the Pew Center's Economic...
07/13/2012
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Let's not speculate on what Andrew Cuomo is really thinking in terms of running for president. It's never a good idea, and it's an especially bad one with any Cuomo. Let's look at the political realities, which in the end will govern his decision. The pluses are easy to see. Andrew is in pretty...
07/11/2012
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The latest numbers from the Bureau of Labor Statistics reveal the last in a three month trend of weak job growth. With only 80,000 jobs added in the month of June, the economy failed to generate enough work to keep up with the population growth of the labor force, much less fuel a recovery for...
07/09/2012
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The home mortgage crisis and Great Recession destroyed a generation of economic progress for African-American families. Now, reports the Washington Post, the discriminatory impact of credit scores and reports could cement the disadvantages into place for decades to come. To be clear, there’s...
07/09/2012
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