Russia is pushing into the Ukraine and threatening Eastern Europe, China is bullying Japan, the Philippines and Vietnam in the East and South China seas, and terrorist groups in the Middle East and Africa can be displaced in one place only to multiply and create more lethal threats in others.
Peter Morici is a professor at the University of Maryland Smith School of Business, former Chief Economist at the U.S. International Trade Commission, and five-time winner of the MarketWatch best forecaster award.
Certainly, young people should take responsibility for their lives, but parents, educators and politicians all share some blame for their troubles.
Consumer Loan Rates to Rise, Stocks to Remain Strong
Thanks to the scandals and missteps at the Veterans Administration and elsewhere in the federal bureaucracy, President Obama is losing all credibility as a manager and leader.
In a major address at West Point, President Obama once again sought to articulate a foreign policy that places greater emphasis on diplomacy, economic leverage and recourse to international law.
To head off a tough bout with stagflation—slow growth and high inflation—the Federal Reserve should start raising interest rates soon.
The inconvenient truth President Obama denies about climate change is that China’s refusal to cooperate in international efforts to address the problem makes U.S. efforts to slow its pace futile. Moreover, his policies severely handicap America’s ability to mitigate its consequences.
Climate change cannot be denied. The inconvenient truth President Obama refuses to accept is that U.S. efforts to significantly alter its course are fruitless, and severely handicap America's ability to mitigate its consequences.
Economic inequality has emerged as the central political challenge of the 21st Century. Left wing academics and politicians are quick with quack remedies -- higher taxes on the wealthy that will only send more investment abroad and smother growth.
Tuesday, the Commerce Department reported the March deficit on international trade in goods and services was $40.4 billion.
Whether to rent or buy a home is one of the toughest choices young people face these days. A recent Deutsche Bank study compared renting vs. the cost of owning a home in 54 cities.
The economy created 288,000 jobs in April, up from 203,000 in March. That’s the second best showing of the Obama recovery but still less than what is needed each month to raise employment to prerecession levels.
Growth will improve this spring over its tepid winter performance. Still, good jobs will remain scarce and wages depressed, because policies put in place over the last quarter century have permanently slowed growth.
Overall, it appears 2014 may not be the breakout year President Obama and many Wall Street forecasters predicted, boding poorly for jobs creation.
Nowadays a good deal of the mega incomes are not accruing to the heirs of the Rockefeller and Ford fortunes but falling into the hands of middle class offspring who became entrepreneurs or worked hard to become top corporate managers, stars in the media, financiers, and the like.
With 8 million Americans enrolled in health insurance through federal and state exchanges, President Obama has declared the Affordable Care Act a success. That’s disingenuous and big changes are needed to make the law work well.
Facing mid-term elections and burdened with persistently high unemployment, President Obama is playing the race, gender, and class cards. Fabricating fear and injustice, such tactics keep the economy in slow gear and make worse the very people the president professes to help.
Mary Barra, CEO of General Motors, was called before Senate and House Committees last week to explain why a faulty ignition switch, responsible for at least 13 crash deaths, was not recalled for several years in vehicles manufactured by GM.
The economy created 192,000 jobs in March, down from 197,000 in February, and still well below the pace needed to lower underemployment to respectable levels. Those mediocre results are consistent with a broadly underperforming economy.
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