Econ News Wire

What’s going on in the economy and how will it affect your money?

Commentary

Is a Recession Coming?

Is a Recession Coming?

The 2008 financial crash devastated the U.S. economy. Unemployment reached 10%, bailouts cost taxpayers $700 billion, and slowed economic growth cost the U.S. $648 billion in income.  The detrimental effects of the ‘08 crash, which extended to 2010, have led to...

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In The News

Most Americans support “ultramillionare” tax

The majority of Americans think that the wealthiest among us aren't taxed at a high enough rate. A recent poll from FiveThirtyEight shows that 62% of americans believe that the wealthy aren't taxed enough. Proposals like Elizabeth Warren's wealth tax of between 1-3%...

Economic Impacts of Climate Change

What would happen if all the natural disasters the world has experienced over the past few decades all happened at the same time? This Bloomberg article explores the global impacts of these events and addresses crises that have already happened because of...

Higher Graduation Rates In High Schools Questioned

High School rates appear to be increasing, but in reality, schools are mostly just allowing students to take online credit recovery courses that are incredibly easy to pass and allow students to graduate without content mastery. Stories have been popping...

Vocational Schools Offering Smarter Options For The Money

Vocational schools may become better options as colleges become more expensive and student debt more burdensome.Vo-ed schools teach a particular skillset, such as construction or building skills, Internet Technology, mechanic training, or barber or hair...

Carbon Tax Support Grows Among Republicans

With Republican support for a carbon tax growing, could Congress act this year? A carbon tax may be the first tax in US history to tax everything (excluding financial products). Because everything we consume uses carbon producing products like...

Revision of China Patent Law Lauded

China is drafting a new patent law that raises the penalty cost of violating patent laws. The goal of the law is to encourage innovation. This article raises the important question of how strong patent laws should be to encourage innovation while still allowing enough...

Trade Tariffs Double: Growth Slows Down

Over the past two years, the President has doubled U.S. tariffs. Not surprisingly, trade partners have volleyed back with tariffs of their own, putting a damper on growth by nearly 2 percentage points in the third quarter, a rollback of potential growth that could...

The Impacts of A Government Shutdown Loom Large

  The federal government shutdown has significant implications for the US economy. Although short-term shutdowns have little impact, this shutdown is one of the longest in US history. US economy growth projections were already lower for the first quarter of 2019,...

The Truth About Basic Income

One of the main issues we face with UBI studies is modeling them to scale. The GiveDirectly study is interesting in that it's been able to track more accurately both what the long run, and macroeconomic impacts of such a study are. With technology's increasing role,...

Bear Market Sell-offs Promise Financial Sector Bumpy Ride

Because we've had such a sustained growth period, it seems like investors have forgotten that at some point the market has to cool down. Even though market indicators might suggest that a cooling period isn't coming for another year or so, once investors speculate...

Divided Congress may ensure economic stability, experts say

With the U.S. Senate in Republican control and the House under Democratic leadership, experts are saying that a divided U.S. Congress may have a moderating effect on the economy, ensuring that politicians hew to a middle ground in adopting policy changes. Reforms are...

Monopolies and the rise of fascism

In a Nov. 11 column in the New York Times, law professor Tim Wu examines the connection between economies dominated by monopolies and cartels and the rise of fascism. As a historical example, Mr. Wu, who specializes in anti-trust law, looks at pre-World War II Germany...

Does a financial transaction tax stand a chance?

The financial transaction tax may well be the wall flower of taxes, with so much promise in the area of tax reform yet ignored or passed over for decades by many policymakers, business leaders and economists. But all that may be about to change, as an FTT increasingly...

Is Amazon the new darling of Wall Street?

Wall Street may be more enamored with Amazon than Main Street. Amazon's stock growth -- like the retailer itself -- seems to know no bounds. Amazon is trading at $1,720, with the company's market value at $840 billion The stock is up by nearly 50 percent this year....

Why growth of banks can be a drain on the economy

Can over-developed financial markets and banks hurt the economy? That's the theory of journalist and author Nicholas Shaxson, who argues that an over-developed financial sector can drain the resources from an economy rather than contribute to growth. Just like an...

Exxon profits jump by 57%

Higher oil prices are reaping bigger profits for ExxonMobil, which reported Friday that profits jumped by 57% last quarter. The company is increasing production in the Permian Basin of Texas, the center of the shale boom, and benefiting from the recent rise in oil...

U.S. job growth makes new gains

WASHINGTON  - U.S. wages recorded their biggest annual increase in nearly a decade, as overall job growth made new gains in October, according to figures from the U.S. Labor Department. As the labor market tightens, there are expectations that the Federal Reserve will...

Capital spending slumps after tax cuts

The $1 trillion corporate tax cut is fizzling. Republicans pushed through the tax reform bill pledging it would free corporations to reinvest in their businesses and increase productivity. That has yet to materialize. Businesses were supposed to take the...

Our Expert Commenters

Scott Smith

Scott Smith

Scott Smith is an author, entrepreneur and founder of the Foundation for a Better Economy. Through the Colorado-based foundation, Scott supports new solutions for revamping the nation’s tax and banking system. He is the author of The New Operating System for the American Economy. Scott has seeded and nurtured several technology companies. He focuses on direct investments in disruptive technologies in cloud computing, fin-tech and the Internet of Things.
Tony Siebers

Tony Siebers

Tony is a Philanthropist and Change Management Agent focused on organizational strategy, and program delivery.  He helps lead the team at The Foundation For A Better Economy, as it looks to find ways to better serve Americans and drive solutions in real estate, alternative energy, higher education, healthcare, legal and home services.

 

Emma Dahl

Emma Dahl

As an analyst for the foundation, Emma works at researching policy and studying economic trends. She also develops and handpicks content, working to manage social media systems for the foundation.

UBI News

Universal Basic Income News

UBI eliminates the stigma of welfare, and helps Americans escape the cyclical poverty trap.

Source: Basic Income Earth Network

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