GDP Counts in War and Peace - Bloomberg View

A question I often hear people ask is: Why should we care about a country's total gross domestic product? After all, India has a total GDP many times that of the Netherlands, but the Netherlands has a much higher standard of living. Shouldn't we ...

Wednesday, November 19, 2014

6 Questions About What's Next for Keystone XL - National Geographic

The U.S. Senate's failure Tuesday to approve Keystone XL won't resolve the seemingly endless pipeline saga that has engulfed Barack Obama's presidency. Even if the Senate had passed a bill approving the $8 billion U.S.-Canadian pipeline, as the U.S. ...

Tuesday, November 18, 2014

Unfilled jobs costs the US economy $160 billion a year - Fortune

What does the much-lamented skills gap actually cost U.S. companies? With researchers from London-based Centre for Economic Research, D'Arcy set out to calculate that. Their conclusion: More than $13 billion a month, or roughly $160 billion a year.

Tuesday, November 18, 2014

The best places in the world to launch a start-up - CNBC

Taking that into account, the 2015 edition of the Global Entrepreneurship Index—which measures the quality and scale of small-business start-up activity—was released today, coinciding with Global Entrepreneurship Week, an international initiative ...

Tuesday, November 18, 2014

Economy|US Men Make Employment Gains - New York Times

October was also the month that the number of private sector jobs held by men, according to the survey of employers, finally reached the level of June 2007, when male employment had peaked. In October, the Bureau of Labor Statistics estimated, 61,304 ...

Friday, November 14, 2014

White House explains why its visa reforms are a big deal for the U.S. economy - CNNMoney

Editor's note: Penny Pritzker is the U.S. Secretary of Commerce, and Jeffrey Zients is the Director of the National Economic Council. The opinions expressed in this commentary are solely those of the authors. People naturally think of boosting exports ...

Wednesday, November 12, 2014

Millennials aren't saving a dime - CNNMoney

People younger than 35 are not saving money, according to a study by Moody's Analytics. In fact, their savings rate has dipped to negative 2%, meaning that they're spending more than they have. They're the only age group that has a negative savings rate.

Monday, November 10, 2014

Obama on Asia: Incredible opportunity to create jobs - USA TODAY

BEIJING — President Obama delivered a speech at an economic summit in Beijing on Monday, saying he wants the United States and China to strengthen ties that could lead to more jobs and for China to "do well." As part of those efforts, the president ...

Monday, November 10, 2014

US Natural Gas Exports Will Fire Up in 2015 - Businessweek

On an otherwise barren strip of the Louisiana coast, a crew of more than 4,000 workers has spent the past two years building what will be the largest supercooling facility for natural gas in the U.S. When it's finished late next year, Cheniere Energy's ...

Thursday, November 06, 2014

Gold Prices Fall to 4-Year Low - USFinancePost

On Friday, gold fell 3% as Japan shocked global financial markets by announcing an expansion of its quantitative easing in an attempt to boost the second-largest economy in Asia. While QE is ... She covers mortgage and business news for US Finance Post.

Tuesday, November 04, 2014

Wider US trade deficit, weak exports point to slower growth - Reuters

WASHINGTON (Reuters) - The U.S. trade deficit unexpectedly widened in September as exports hit a five-month low, a sign that slowing global demand could undercut economic growth in the fourth quarter. The Commerce Department said on Tuesday the ...

Tuesday, November 04, 2014

US Consumer Spending Stable in October -

WASHINGTON, D.C. -- Americans' daily self-reports of spending averaged $89 in October, versus $87 in September. Spending last month is similar to what it was in October 2013 ($88), but it remains well above the lower levels Gallup measured from 2009 ...

Tuesday, November 04, 2014

Sorry, But Saving Money Won't Make You Rich - Huffington Post

If you think you can save your way to wealth, you're wrong. Spending less than you make is not the path to riches. Instead, wealth comes and goes as asset prices -– real estate, stocks, and bonds -– rise and fall. This is why most Americans have no ...

Monday, November 03, 2014

Household savings near two-year high seen boosting U.S. spending - Chicago Tribune

WASHINGTON — Americans' savings may burn a hole in their pockets during the holiday-shopping season after consumer spending took a breather in the third quarter. Household purchases, which account for almost 70 percent of the economy, climbed at a ...

Thursday, October 30, 2014

How the Recession Is Still Hurting Millennials - Huffington Post

Young Americans have faced bleak job prospects for years, but the recession hit millennials particularly hard. Just 63 percent of Americans age 20-24 were employed as of September 2014, according to calculations based on Bureau of Labor Statistics data.

Thursday, October 30, 2014


According to the BEA's advanced estimate, GDP grew at a 3.5% pace. While this was down from 4.6% in Q2, it was well ahead of the 3.0% expected by economists. A few surprises included government spending, which jumped by 4.6%. This was responsible ...

Thursday, October 30, 2014

Third-Quarter GDP Rose 3.5%, Lifting Hopes for US Economy - New York Times

The E.C.B.'s announcement on Monday that it was buying 1.7 billion euros' worth of private assets was dismissed by some economists as too modest an effort given the region's economic problems. Doug Handler, chief United States economist at IHS, ...

Thursday, October 30, 2014

An all-American recipe for a retirement disaster - CBS News

Many Americans' retirement prospects appear less than sparkling. The country is facing a retirement crisis as its citizens live longer, which will result in greater demands on their assets. Yet many workers are failing to save enough -- or anything at ...

Wednesday, October 29, 2014

Falling gasoline prices should boost economy - CNBC

Gasoline prices could fall below $3 a gallon nationwide by the weekend, and the already big savings for consumers could give the economy a growth spurt as it fuels other parts of the economy. The sharp drop in gasoline prices this month could also put ...

Tuesday, October 28, 2014

US Economic Confidence Index at -10 -

Gallup's Economic Confidence Index is the average of two components: Americans' views on current economic conditions and whether they think the economy will get better or get worse. Both components increased last week to match scores seen two weeks ...

Tuesday, October 28, 2014

The case for a global recession in 2015 - Fortune

Levy is calling for a 65% chance that there will be a global recession by the end of 2015, based on the simple fact that emerging markets have continued to invest in an export infrastructure to sell goods to the West that it no longer has the ...

Tuesday, October 28, 2014

The young and the disconnected: America's youth unemployment problem - Washington Post

Meanwhile, the national high school graduation rate has hit a historic high and the overall unemployment rate has fallen to 6.3 percent. In July, according the Bureau of Labor Statistics, the overall youth unemployment rate was 14 percent, down from 16 ...

Monday, October 27, 2014

The U.S. dollar is on top of the world - CNNMoney

They predict that one euro will be worth $1.15 by the end of 2016, compared with around $1.27 now. The dollar has already gained more than 8% against the Euro in the past six months. So what does a stronger dollar mean for the average American?

Friday, October 24, 2014

Economists Say We Should Tax The Rich At 90 Percent - Huffington Post

All Americans, including the rich, would be better off if top tax rates went back to Eisenhower-era levels when the top federal income tax rate was 91 percent, according to a new working paper by Fabian Kindermann from the University of Bonn and Dirk ...

Friday, October 24, 2014

Employment report: US added 248K jobs in September - CBS News

The U.S. economy generated 248,000 jobs in September, the Labor Department said Friday. The unemployment rate dropped to 5.9 percent, its lowest level in six years. Economists surveyed by FactSet had forecast that the government's report would show ...

Friday, October 03, 2014