Michael Strain, AEI Resident Scholar, explains why he feels raising the minimum wage is bad for businesses. CNBC contributor Jared Bernstein weighs in.» Read More
*Fed Chair delivers broad social critique of rich-poor gulf. BOSTON, Oct 17- Federal Reserve Chair Janet Yellen on Friday said the growth of economic inequality in the United States was not in keeping with American values and she hinted at a range of steps that could address it. "The extent of and continuing increase in inequality in the United States greatly...
WASHINGTON, Sept 22- President Barack Obama, stumping for the Democrats ahead of November's congressional elections, has twice invoked Ronald Reagan's seminal campaign question: "are you better off than you were four years ago?"
Jared Bernstein, Center on Budget & Policy Priorities, says Congress has taken at least "two steps back" and the only way to push through the impasse is for Speaker Boehner to pass a clean bill with mostly Democratic votes.
The chances of a deal between Democratic and Republican lawmakers that would overhaul the U.S. tax system, trim government spending and reform safety net spending programs appear to be fading.
WASHINGTON-- Eventually, the economic recovery will pick up steam _ whether Barack Obama or Mitt Romney is in the White House. But first, Obama or Romney, together with Congress, will have to pull back from the widely deplored "fiscal cliff," the politically created budget abyss facing the nation at year's end.
In order to avoid the “fiscal cliff” Federal Reserve Chairman Ben Bernanke warned about this week, the debate raged over the best way to fix the economy: Spending cuts, tax cuts or both.
The recent media interest in the use of mobile phones to make donations to the Haiti appeal has cast light on the potential of mobile technology to transform the way we send and receive money in the future.
Contrary to popular belief - and one often fueled by misperception and misinformation, major IT services companies do not hoard visas and they do not displace American workers. However, before favoring massive H1-B reform or outright abolishment, opponents should take a closer look at its implications from a global perspective.
Unilever scientists are developing an ice cream that can be stored and transported at room temperature.
President Obama has appropriately led the charge to alert Americans about the crisis and the need for change. At this point, we all know our current healthcare “system” does not work and we have all seen plenty of evidence detailing the symptoms and root causes of healthcare’s failure. The problem, as evidenced by Sunday’s political talk show blitz, is that no one in Washington has addressed the real elephant in the room: healthcare inflation.
In today’s financial economy, many of us are re-evaluating our financial situations and making increased efforts to spend less and save more. As you make these changes, you may find that there are people and obstacles in your life that keep you from meeting these goals…this is what I call your “Crabs in Your Bucket.” Every time you try to make financial improvements, they reach up and pull you back into the bucket with them.
Even as China overtakes the US in the dubious category of “world’s leading greenhouse gas producer” it is also taking the lead in developing the technologies and policies to solve the problem well ahead of the US - - and sell those solutions to us at massive profits which could have been ours.
While most people in our industry are quick to hoist Mr. Bernanke on a pedestal-just as the former maestro Allan Greenspan was—I think the entire institution should be canned.
Smart businesses and investors will now need to crack “The Carbon Code” to figure out winners and losers — and just how much to adjust their business plans and portfolios.