WASHINGTON -- Where are living standards the highest? You might think that's an easy question to answer. Just take a country's total income (in the United States, that's now about $18 trillion) and divide by the nation's population (U.S.: now about 320 million). The result is per capita income (now about $56,000 for every man, woman and child in...Read more
WASHINGTON -- There was a time when ticket splitting was common. Voters would support one party's candidate for president and the other's for Congress. At its peak in 1972, ticket splitters represented 30 percent of voters, reports political scientist Alan Abramowitz of Emory University. Since then, the practice has gone into eclipse. In 2012, ...Read more
WASHINGTON -- Regardless of who wins the election, the press -- or, at any rate, what used to be called the "mainstream" media -- may be the big loser. Donald Trump is making a case that he's the victim of an orchestrated media campaign to defeat him, and although the charge is not true, it may stick among his devoted followers.
We live in an ...Read more
WASHINGTON -- While everyone fixates on the U.S. election, developments in the world economy threaten to create problems for the next president and, possibly, trigger a major financial crisis. A little-noticed study by the International Monetary Fund (IMF) delivers the bad news. It finds that global debt -- including the debts of governments, ...Read more
WASHINGTON -- A reactionary is someone who wishes to return, usually unrealistically, to an earlier and more appealing era. We have two reactionaries running for president. Both peddle agendas that promise to re-create a reassuring past. We are being fed different varieties of nostalgia. Neither will work.
Donald Trump is most explicit. He ...Read more
WASHINGTON -- Rosy Scenario is alive and well. There is a long and dubious tradition among politicians of projecting high -- usually unrealistic -- rates of economic growth as a way of avoiding unpopular political choices. We can do everything, because rapid growth and torrents of tax revenues will pay the bills. That's Rosy's message, and ...Read more
WASHINGTON -- The question about the TPP -- the Trans-Pacific Partnership, President Obama's signature trade agreement -- is whether it's already gone to the political morgue or whether it's still in intensive care. Both Hillary Clinton and Donald Trump oppose the agreement, while the president has urged ratification. With Obama's term ending ...Read more
WASHINGTON -- The conversation -- or argument -- we've been having on immigration has been remarkably skewed. It's been all about the estimated 11 million illegal immigrants, otherwise known as the "undocumented." Actually, what counts far more are the estimated 31 million immigrants who are here legally and the roughly 1 million who gain legal ...Read more
The Indigo Journals: Spiritual Healing For Indigo Adults & Other Feminine SoulsYol Swan
Are you sensitive, creative and empathetic, and feel out of place in a world that doesn't make sense to you? This 2016 Readers' Favorite Book Award Finalist will take you on a spiritual healing journey of self-discovery and personal growth to better understand yourself and others, unlock your...
WASHINGTON -- Guess what? A President Trump could adopt his new trade agenda without any authorization from Congress -- and this could trigger a global trade war and a deep U.S. recession. Policies that promise to make us stronger economically could do the opposite.
That's the main take-away of a study by the Peterson Institute, a Washington ...Read more
WASHINGTON -- The betting is that the Federal Reserve won't raise interest rates at this week's meeting of the Federal Open Market Committee, its key policymaking body. There are already complaints that the Fed, which cut short-term rates to near zero in late 2008, is waiting too long to reverse low rates. Last December, the Fed increased rates ...Read more
WASHINGTON -- America is on the mend. Witness the good news in the latest version of the nation's "economic report card": the Census Bureau's annual estimates of the median household income and the poverty rate.
Here are the crucial numbers. In 2015, median household income -- the midpoint, with half of households above and half below -- rose 5...Read more
WASHINGTON -- Just because Donald Trump isn't qualified to be president -- and just because much of his agenda is hateful and undesirable -- doesn't mean that everything he says is automatically wrong. Some of his ideas deserve consideration and enactment. One of these is building a wall across our southern border with Mexico.
It has been ...Read more
WASHINGTON -- If you're like me, you regard the decline in book reading as another sign of the cultural rot that is eating away at the American character. Why read something as demanding as a book when you can spend all your time on Twitter, Facebook or Instagram? They're easier and provide a quicker fix of entertainment, gossip and information....Read more
WASHINGTON -- Forget the "gig economy" -- at least for now.
On Labor Day 2016, we are in the midst of a historic transformation of the American job market. Popular attention focuses on Uber and similar internet-based networks that unite buyers and sellers. "TaskRabbit," for example, creates a platform for people who need something done (grocery...Read more
WASHINGTON -- Don't expect a second War on Poverty, regardless of who wins the election.
Picking up where Lyndon Johnson left off in the 1960s would seem a logical response to the campaign's relentless criticism of economic inequality. But appearances are deceiving. Most proposals to reduce inequality -- conspicuously from Hillary Clinton -- ...Read more
WASHINGTON -- Call it the Snooze Economy. Roughly two months before the presidential election, the economy has turned both boring and mystifying. It hardly impresses anyone, and yet this plodding performance is probably helping Hillary Clinton by minimizing bad economic news. More important: The lackluster expansion, if continued for a few more ...Read more
WASHINGTON -- One of the economy's bright spots is the job market -- and it may be even brighter than it seems. Not only are there more jobs (1.3 million so far in 2016), but they may be better-paying, according to a new analysis by economists at the Federal Reserve Bank of New York. The Fed economists report that middle-wage workers -- earning ...Read more
WASHINGTON -- An aging America reduces the economy's growth -- big time. That's the startling conclusion of a new academic study, and if it withstands scholarly scrutiny, it could transform our national political and economic debate.
We've known for decades, of course, that the retirement of the huge baby-boom generation -- coupled with low ...Read more
WASHINGTON -- We are such an anxiety-ridden society that we worry about problems that haven't happened, and, almost certainly, won't. Robots are an apt example. Even McKinsey and Co., the high-powered management consulting firm, professes to be concerned. We imagine hordes of robots destroying jobs, leaving millions of middle-class families ...Read more
WASHINGTON -- A great mystery of our time -- one that should frame the campaign debate -- is why the economic recovery has been so sluggish. Consider this comparison. After the brutal recession of the early 1980s (peak unemployment: 10.8 percent), it took only 11 months for employment to regain its pre-recession level. By contrast, it required ...Read more