Opinion and Analysis

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April 7th, 2012

Telegraph.co.uk

Richard Blackden
The Telegraph

Can the USA save the world?

December 31 is lining up to be the day fiscal austerity properly hits America for the first time since the financial crisis. Tax cuts, including those first introduced by President George W Bush, as well as a reduction in a payroll tax passed last year, are set to expire. Then, just two weeks into January, $1.2 trillion (£754bn) of automatic government spending cuts begin. Economists at Bank of America estimate that it all amounts to a fiscal contraction of between 3.5pc and 4pc of America's gross domestic product...

April 6th, 2012

The-American-Interest.com

Walter Russell Mead
American Interest

Jobs of the future: the loved ones

If the great recession has spelled doom for traditional employment sectors like manufacturing and construction, that doesn't mean that new jobs across the board are nowhere to be found. Via Meadia has looked into new growth in many unconventional job fields; today the New York Times profiles another: veterinary medicine...

March 30th, 2012

WashingtonExaminer.com

Paul Bedard
Washington Examiner

We're No. 1: In highest corporate taxes

Come Sunday, America finally has something to crow about in its economic war with China and Japan: It will have the highest jobs-killing corporate tax rate in the industrialized world...

March 30th, 2012

BusinessInsider.com

Joe Weisenthal
Business Insider

America's savings rate has collapsed

From the just released personal income and spending report:

Personal saving -- DPI less personal outlays -- was $438.7 billion in February, compared with $509.5 billion in January. The personal saving rate -- personal saving as a percentage of disposable income -- was 3.7 percent in February, compared with 4.3 percent in January.
For some context, here's a look at the personal savings rate going back a few years...

March 29th, 2012

WashingtonPost.com

Peter Whoriskey
Washington Post

If you’re happy and you know it ... let the government know

Of all the phrases bestowed to us by the Founding Fathers, few come up more than 'pursuit of happiness.' Yet who knows where the nation really stands on that score? Now an answer may be forthcoming. Amid a wave of research on the subject, the federal government is seeking ways to measure what some have called gross national happiness...

March 28th, 2012

TechnologyReview.com

Conor Myhrvold
Technology Review

Larry Summers and the technology of money

Larry Summers has examined the role of money in society through many lenses. He's been chief economist of the World Bank, secretary of the U.S. Treasury, and lead economic advisor to President Barack Obama during the financial crisis; his views shaped the recovery effort...

March 26th, 2012

SmartMoney.com

Jack Hough
SmartMoney

How to handle the coming dividend tax hike

Apple's dividend announcement this past week is good news for income investors, but bad news might be lurking around the corner. Unless Congress takes action, the top tax rate for the highest earners on most dividends, currently 15%, is set to jump to a whopping 43.4% next year. That is a maximum income-tax rate of 39.6% -- since dividends will once again be taxed as regular income -- plus a 3.8% tax on investment income as part of the health-care overhaul passed in 2009...

March 21st, 2012

NYTimes.com

Ann Carrns
New York Times

Family men go it alone in North Dakota's oil fields

How far would you go for a comeback?

March 19th, 2012

WashingtonPost.com

Peter Whoriskey
Washington Post

Economists offer more pessimistic view on manufacturing in upcoming report

During the 2000s, as U.S. manufacturing was transformed by devastating job losses, prominent economists and presidential advisers offered comforting words. The paring of the manufacturing workforce, which shrank by a third over the decade, actually represented good news, they said. It meant that U.S. workers and factories had become more efficient and that, as a result, manufacturing companies needed fewer people...

March 18th, 2012

CBSnews.com

Associated Press

Sweden moving towards cashless economy

Sweden was the first European country to introduce bank notes in 1661. Now it's come farther than most on the path toward getting rid of them...

March 16th, 2012

TheAtlantic.com

Roger Lowenstein
The Atlantic

The Villain

The left hates him. The right hates him even more. But Ben Bernanke saved the economy--and has navigated masterfully through the most trying of times...

March 15, 2012

WashingtonPost.com

Robert J. Samuelson
Washington Post

A time for risk-taking

The struggle to revive the IPO market is a microcosm of the larger debate: Is government regulation strangling the economic recovery?

March 14th, 2012

Bloomberg.com

Amity Shlaes
Bloomberg

Watch Bernanke's 'little' inflation capsize U.S.

A little is all right. That's the message Federal Reserve Chairman Ben S. Bernanke has been giving out recently when asked about the evidence of inflation in the U.S. recovery...

March 13th, 2012

Forbes.com

Brian Domitrovic
Forbes

The weak dollar caused the Great Recession

Every crisis has in its official response an implicit official explanation of why the crisis began. As he took office at the trough of the Great Depression in 1933, President Franklin Roosevelt banned the private possession of gold. In doing so, he gave weight to his argument that gold 'hoarding' had played a major role in the collapse in consumer spending that had attended the economy during its seize-up over the previous four years...

February 6th, 2012

WSJ.com

Ruth Simon and Ben Levisohn
Wall Street Journal

Itchy investors ramp up the risk

Robert Marcotte can't afford to play it safe anymore. With interest rates likely stuck near zero for nearly three more years, the 61-year-old retired telephone-company manager is about to ramp up his holdings of stocks and municipal bonds, using money now at the bank in certificates of deposit...

January 27th, 2012

DailyMail.co.uk

Ellen Connolly
Daily Mail

Daddy won't be pleased... Hugo Chávez's daughter sparks outrage in Venezuela after posting picture with U.S. dollar bills

For most Venezuelans, obtaining U.S. dollars in a tightly regulated economy is a nightmare. But not for President Hugo Chávez's 14-year-old daughter, Rosines, who posted a picture of herself peering out from behind a wad of greenbacks...

January 25th, 2012

WashingtonPost.com

Aaron Blake
Washington Post

Would Mitt Romney be the richest president ever?

Mitt Romney is rich; this much we know. But would he be the richest president ever? In terms of raw dollars, yes. If you adjust for inflation, though, the answer is no...

January 21st, 2012

NYTimes.com

Charles Duhigg and Keith Bradsher
New York Times

How the U.S. lost out on iPhone work

When Barack Obama joined Silicon Valley's top luminaries for dinner in California last February, each guest was asked to come with a question for the president. But as Steven P. Jobs of Apple spoke, President Obama interrupted with an inquiry of his own: what would it take to make iPhones in the United States?

January 17th, 2012

Reuters.com

Jilian Mincer and Jonathan Spicer
Reuters

Insight: recovery at risk as Americans raid savings

More than four years after the United States fell into recession, many Americans have resorted to raiding their savings to get them through the stop-start economic recovery. In an ominous sign for America's economic growth prospects, workers are paring back contributions to college funds and growing numbers are borrowing from their retirement accounts...

January 12th, 2012

WashingtonPost.com

Zachary A. Goldfarb
Washington Post

Fed's image tarnished by newly released documents

The leaders of the Federal Reserve went around the room saluting Alan Greenspan during his last day as chairman of the central bank. Then Timothy F. Geithner, the future Treasury secretary, made a prediction. "I'd like the record to show that I think you're pretty terrific, too," Geithner, who was president of the Federal Reserve Bank of New York, told Greenspan amid laughter on Jan. 31, 2006. "And thinking in terms of probabilities, I think the risk that we decide in the future that you're even better than we think is higher than the alternative."