In the initial days of the 2008-09 financial crisis, Ben Bernanke, the outgoing U.S. Federal Reserce chairm, mobilized the Fed as the lender of last resort and, arguably, averted a second Great Depression. His efforts to kick-start the economy by keeping short-term interest rates ...
If nothing else, Detroit's bankruptcy marks the symbolic closure of an era when heavy industry dominated the American economy and the U.S. dominated the world.
American colleges aren't worse today, but the skills required for solving unstructured problems and working with new info have become more complex.
The U.S. may not regain "full employment" anytime soon. Companies didn't just fire workers during the Great Recession; they went on a hiring strike.
The International Monetary Fund's latest global economic forecast makes for unhappy reading. You may remember that, some years back, it was fashionable to ask whether the world economy could continue "flying on one engine" — meaning the United States. America's boom and import appetite ...
Economics columnist Robert J. Samuelson has had it with the Internet. He says its astonishing capability to access information is not worth the dangers from cyberwar.
For years, the dollar's role as the major global currency has been described as an "exorbitant privilege." Now it may be turning into an extravagant curse.
"Is America in decline?" may be the wrong question, as most of the affluent world — including U.S., Europe and Japan — faces similar threats.
There was a make-believe quality to U.S. President Barack Obama's second inaugural address, as if all that's required to solve serious problems are the intelligence to produce proper policies and the political grit to get them approved. Perish the thought that there are deep ...
Barack Obama's quest to achieve presidential "greatness" will probably be denied because none of America's problems rises to the level of mortal peril.
