August 1, 2016 |
Donald Trump and Hillary Clinton disagree about most everything. On economic policy, their differences couldn't be more stark. Especially important, at least when it comes to the key question of how to jump-start stronger economic growth, are their views on foreign immigration. Trump is clearly no fan of immigration. Curtailing the entry of migrants is one of his recurring campaign themes. He wants to build a wall between the United States and Mexico, institute a temporary ban on Muslims coming to the country, and, perhaps most important for the economy, he wants the more than 11 million undocumented immigrants in the U.S. to leave.
July 29, 2016 |
Three Obama administration veterans said Wednesday that Hillary Clinton, if elected president, should push for broad infrastructure investment during her first 100 days in office. "The first priority should be a decade-long, $1- to $2 trillion investment in renewing this country," Lawrence H. Summers, who was U.S. treasury secretary under Bill Clinton and director of the National Economic Council for Obama, said at a Politico Caucus panel in Center City. Summers painted a picture of peeling paint in schools, potholes in city streets, and a seemingly interminable five-year project to fix a bridge across the Charles River near his office at Harvard University in Cambridge, Mass.
June 5, 2016 |
That raspy noise? It's the sound of the nation's economists, pundits, and prognosticators scratching their heads, trying to figure out how the nation's economy could have produced so few jobs in the month of May. Yes, the economy has been slowing, dealing with fallout from lower oil prices, China's stall, and problems in Europe. Payrolls that had grown by an average of 230,000 a month are now expanding more slowly, by an average of 116,000. Even so, the total of 38,000 jobs created in May was way lower than anyone expected - and it's not what some business leaders are seeing in their payrolls.
May 23, 2016 |
Higher inflation "has been set in motion," James Marple , senior economist for TD Bank Group , tells clients in a new report. Oil prices bounced back up 70 percent from May to February; he expects they'll rise modestly into next year, boosting price levels generally. Higher prices aren't all bad: "Wage pressures have been building," too, Marple adds, with median pay for people with jobs up 3 percent over the past year, faster than economic growth. Berwyn-based food analyst Jonathan Feeney tells his clients at Athlos Research to brace for rising prices on foreign grain, meats, and sweeteners.
May 4, 2016
OSCEOLA, Ind . - Ted Cruz's conservative crusade for the presidency fought for new life Monday ahead of an Indiana vote that could effectively end the GOP's primary season. The fiery Texas senator hinted at an exit strategy, even as he vowed to compete to the end against surging Republican front-runner Donald Trump. "I am in for the distance - as long as we have a viable path to victory," Cruz told reporters after campaigning at a popular breakfast stop. With his supporters fearing Cruz could lose a seventh consecutive state Tuesday, the candidate's formulation hinted at a time when he may give up. Like Ohio Gov. John Kasich, Cruz is already mathematically eliminated from reaching a delegate majority before the Republican Party's national convention in July.
February 21, 2016
As an economist, it is assumed I am an astute investor. The economy does determine the direction of the markets, right? Though that's true to some extent, investors must recognize that economic data provide current or even lagging indicators of activity, and are emotion- free. Meanwhile, the markets may be efficient, but that doesn't mean they don't move for periods of time on emotion, or on perceptions that don't match economic reality. That the economy and Wall Street may not be in sync is hardly an idea that requires a lot of research to back up. Just take the recent sharp decline in stock prices.
October 14, 2015 |
Princeton University's Angus Deaton won the Nobel Prize for economics by bringing his ivory-tower profession down to earth and into homes where people are uplifted - or punished - by social, industrial, trade, and tax policies. The Scotland-born Deaton, 69, earned his degrees at Britain's elite Cambridge University back when it gave students few mandatory courses and lots of discretion to pursue their interests, he told an applauding crowd Monday at Princeton's Woodrow Wilson School of International and Public Affairs hours after learning he had won the prize from the Sweden-based Nobel selection committee that included a Princeton colleague.
August 14, 2015 |
Adapted from a recent online discussion. Question: My twin sister is a smart, successful professional. We're both near 40. I am married with three kids. She wants a family, too. Unfortunately, she has had a live-in boyfriend for several years. He didn't work for the first year after they moved in together (or do much of anything). Now another year has passed. He did get hourly work. She told him last year she didn't want to be with him but never kicked him out. Now, she tells me that he's not her boyfriend and that she doesn't want a family with him. Yet he remains there.
July 4, 2015 |
What's not to like about June's 223,000 jobs bump in the nation's payrolls and an unemployment rate that declined to 5.3 percent - the lowest since April 2008? Plenty, as economists reacted to Thursday's employment report from the U.S. Department of Labor. Economists are concerned, despite hiring increases in nearly every major sector of the labor market, except mining and utilities. Although the jobless rate improved from 5.5 percent in May, the Labor Department revised April and May's employer job gains downward by a total 60,000.
May 2, 2015 |
Ursinus College on Thursday named the dean of economics and finance at Claremont McKenna College in California as its next president. S. Brock Blomberg, 48, a political economist who studies terrorism, replaces Lucien "Terry" Winegar, who had been serving as interim president since Bobby Fong's death in September. Blomberg takes over July 1 as the 17th president of Ursinus, a 1,600-student liberal arts college in Collegeville. "Our objective was to discover someone who could embrace the Ursinus DNA, our values and what we are about, who is passionate about the liberal arts, and comes with highly regarded leadership experience," Michael Marcon, a college trustee and search committee chair, said in a statement.