Lawsuit Loans & Lawsuit Funding
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Obama boosts global collaboration to conquer US economic crisis
Artificial intelligence: Difference Engine: Luddite legacy
America’s Three Deficits - Laura Tyson - Project Syndicate Exit from comment view mode. Click to hide this space BERKELEY – This year began with a series of reports providing tantalizing evidence that economic recovery in the United States is strengthening.
The Economy is Killing Las Vegas
Exit from comment view mode. Click to hide this space "Democratic Inequality" by Raghuram Rajan
“But, Yossarian, suppose everyone felt that way.” The Age of Double Standards
Income Inequality Is Killing the Economy, Obama Says—Is He Wrong? - Derek Thompson - Business The president wants to turn inequality into both a campaign banner and a grand unifying theory of the recovery. But not all economists agree with him. Reuters
One of the harshest realities of America's slow economic recovery -- and there are many -- is the fact in spite of modest job growth, pay for workers is falling. The Poor Are Getting Poorer. Is It Time to Raise the Minimum Wage? - Jordan Weissmann - Business
Why America spends while the world saves Editor's Note: The following is an edited transcript of my interview with Sheldon Garon, a professor of history and East Asian studies at Princeton University and author of the new book, Beyond Our Means: Why America Spends While the World Saves.
Exit from comment view mode. Click to hide this space "The American Recovery" by Mohamed A El-Erian
A Nation of Spoiled Brats - Interview by David Rothkopf Financial Times columnist Edward Luce has written a new book called Time to Start Thinking: America in the Age of Descent that has received well-deserved acclaim and recognition not only for its superb reporting of the on-ground reality of America's current economic crisis but also because it is an unflinchlingly brave book. Luce does not shy away from conclusions that are hard for many Americans to hear, nor does he cop out and offer up the happy ending many in his audience may want to read. Rather, he offers what is most needed now: an objective, profoundly thoughtful look at the underpinnings of America's economic troubles, what makes the current crisis different from those of the past, and where we are likely headed from here.
Exit from comment view mode. "The Energy Deficit" by Michael Spence
The Spectacular Rise and Fall of U.S. Whaling: An Innovation Story - Derek Thompson - Business An extinct business offers surprisingly current lessons about the triumph of technology, the future of work, and the inevitable decline of industries that might not be worth saving
Robin Harding and John-Paul Rathbone insist that the United States is feeling pressure from the developing world over the World Bank leadership question. They also think the dynamic surrounding the Bank leadership race is quite different than it was in the case of the International Monetary Fund: In contrast to the recent battle to lead the International Monetary Fund, which was never in real doubt as French finance minister Christine Lagarde raced around the world to secure support, developing countries are organised to challenge a procession to the World Bank presidency. "We as emerging markets and developing countries have been making a concerted effort to identify our most qualified and competent candidates," said Amar Bhattacharya, director of the G24 office in Washington. The G24 is an economic umbrella group for the largest developing countries, and the Brics group of Brazil, Russia, India and China has also been active in debating candidates. Is the U.S. feeling pressure about the World Bank presidency?
A qualified defense of national privilege Owen Barder of the Center for Global Development is convinced that the World Bank selection process can be a genuine competition. With three official candidates in the running--Jim Young Kim of the United States, Colombia's Jose Antonio Ocampo, and Ngozi Okonjo-Iweala of Nigeria--Barder insists that the outcome is not foreordained: [F]or the first time ever there is a genuine contest. In previous years other shareholders were faced with the choice of accepting or rejecting the US nominee. This time round, with three serious candidates to choose from, it is not clear that the US nominee has to win. The other shareholders should now take a moment to consult, and assess which candidate they think is best for the job; and it is very important that they should do so in an accountable way, for the sake of the integrity of this appointment and for the future of the governance of international institutions.
What Export-Oriented America Means - Tyler Cowen In his State of the Union address two years ago, President Obama promised to double American exports over the next five years. At the time critics called this an unrealistic political promise, one that voters would forget by the 2012 election. But America is currently on track to meet that goal.
United States' economy: Over-regulated America
Gray Nation: The Very Real Economic Dangers of an Aging America - Derek Thompson - Business Two economists envision a scary -- and scarily realistic -- future where the working population expands slower and slower, and jobless recoveries are the only recoveries we know Reuters In the future, U.S. growth will be slower.
The Two Issues That Can Bring Down the Economy The term “crisis” is frequently overused in Washington, never more so than in budget debates. The problem is that a real crisis requires a hard deadline by which time something must happen or something terrible will happen. There are two hard deadlines approaching, the need to raise the debt limit and expiration of all expiring tax cuts at the end of the year. These two action-forcing events, when combined with more than the usual political uncertainty over control of Congress and the White House next year, mean that the long-awaited fiscal crisis is now here.
"Fed Policy and Inflation Risk" by Martin Feldstein
Can Radical Efficiency Revive U.S. Manufacturing?