Diana Furchtgott-Roth, Manhattan Institute, and Betsey Stevenson, University of Michigan, debate whether near-zero interest rates are doing more harm than good for the job market and economy.
Diana Furchtgott-Roth, Manhattan Institute, and Betsey Stevenson, University of Michigan, debate whether near-zero interest rates are doing more harm than good for the job market and economy.
The number of planned layoffs at U.S. firms fell in March but downsizing by retail companies still helped the first quarter rack up the largest amount of cuts in over a year.
Jeremy Cook, chief economist at World First Foreign Exchange, tells CNBC that despite the Bank of Japan's aggressive monetary policy easing, the yen won't weaken to 100 against the dollar, unless the bond buying is expanded to foreign debt.
From Wednesday there are a number of welfare changes coming into effect that will have significant impact on large parts of UK society. Is it time to adapt and accept these changes?
It's official: Stockton, Calif., will become the nation's most populous city to enter into bankruptcy protection after getting clearance from a federal judge on Monday.
The Chapter 9 bankruptcy case for Stockton, Calif., is being closely watched nationally. At issue: Does federal bankruptcy law trump the California law that says debts to the state pension fund must be honored?
Initial claims for state unemployment benefits increased 16,000 to a seasonally adjusted 357,000, while GDP growth was light and even worse than expected.