By Kimberly Amadeo 3 June 2019 (The Balance) – During the 2016 presidential campaign, Republican candidate Donald Trump promised he would eliminate the nation’s debt in eight years. Instead, his budgets would add $9.1 trillion during that time. It would increase the U.S. debt to $29 trillion according to Trump’s budget estimates. […] Trump has a cavalier attitude about the […]
By Ben Steverman 23 May 2019 (Bloomberg Businessweek) — Gabriel Zucman started his first real job the Monday after the collapse of Lehman Brothers. Fresh from the Paris School of Economics, where he’d studied with a professor named Thomas Piketty, Zucman had lined up an internship at Exane, the French brokerage firm. He joined a […]
By Josie Garthwaite 22 April 2019 (Stanford University) – A new Stanford University study shows global warming has increased economic inequality since the 1960s. Temperature changes caused by growing concentrations of greenhouse gases in Earth’s atmosphere have enriched cool countries like Norway and Sweden, while dragging down economic growth in warm countries such as India and Nigeria. […]
By Aimee Picchi 13 May 2019 (CBS News) – Four in 10 Americans sometimes face what economists call “material hardship,” struggling to pay for basic needs such as food and housing, according to a new study from the Urban Institute. Even middle-class families routinely struggle financially and are occasionally unable to pay their bills. The finding is […]
By Michael Weissenstein and Andrea Rodriguez 10 May 2019 HAVANA (AP) – The Cuban government announced Friday that it is launching widespread rationing of chicken, eggs, rice, beans, soap and other basic products in the face of a grave economic crisis. Commerce Minister Betsy Díaz Velázquez told the state-run Cuban News Agency that various forms […]
By Bob Bryan22 March 2019 (Business Insider) – The US posted a record budget deficit in the month of February, according to a new report from the Treasury Department. The budget deficit for February came in at $234 billion, according to the Treasury, higher than the previous monthly record of $231.7 billion set in 2012. […]
10 April 2019 (OECD) – Governments need to do more to support middle-class households who are struggling to maintain their economic weight and lifestyles as their stagnating incomes fail to keep up with the rising costs of housing and education, according to a new OECD report. Under Pressure: The Squeezed Middle Class says that the […]
By Eric Holthaus 26 March 2019 (Grist) – Climate change was already worrying enough — now a report from the U.S. central bank cautions that rising temperatures and extreme storms could eventually trigger a financial collapse. A Federal Reserve researcher warned in a report on Monday that “climate-based risk could threaten the stability of the […]
By Rebecca Mordechai 19 March 2019 (Money) – Florida, with its plentiful beaches, warm weather, and lack of a state-income tax, is the most popular destination for older adults in the U.S. But some who have lived in the Sunshine State for years are moving in the opposite direction. As damaging storms and other effects […]
NEW YORK, 20 March 2019 – As in 2018, Finland again takes the top spot as the happiest country in the world according to three years of surveys taken by Gallup from 2016-2018. Rounding out the rest of the top ten are countries that have consistently ranked among the happiest. They are in order: Denmark, […]
