Posts filed under “Economy”

Conservatives Discover America’s Infrastructure Problems

Last night, I made a rare airport run. Our niece from Chicago is visiting for the long weekend, and rather than send a car, we fought through both U.S. Open and Mets traffic to pick her up at LaGuardia Airport.

Regular readers know my views of U.S. airports in general and LaGuardia in particular. Despite the occasional spectacular views, it is on my list of worst U.S. airports, second only to John F. Kennedy International Airport.

It’s as if we forgot what routine government spending was supposed to accomplish.

In general, American air travel is terribly annoying. Anytime someone we know comes thorough either airport, the conversation invariably touches on the sad state of U.S. infrastructure. Vice President Joe Biden compared LaGuardia to a third-world country. There are improvements coming, but it has been ever-so slow.

It’s a tired but true litany: crumbling bridges and roads; how little the U.S. spends on infrastructure compared with other industrialized nations; the list of states’ unmet infrastructure needs; the opportunity to make needed long-term repairs and improvements while financing costs are so cheap.

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Category: Economy, Taxes and Policy

Federal Debt: All You Need to Know in Three Minutes

David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, helps you understand both the short-term and the long-term picture of the federal debt.

Category: Economy, Taxes and Policy, Video

Our Bifurcated Recovery

The Standard & Poor’s 500 Index closed yesterday at a record high of more than 2,000. Yet many people feel that the economy is weak. There are numerous reasons for this, but the one I want to focus on has to do with employment and wages. The economy feels weak because, depending on your education,…Read More

Category: Bailouts, Consumer Spending, Cycles, Economy, Employment

Economic Indicators Dashboard

Source: Russell Investments

Category: Economy, Markets

Bad Economic Policy Is Partly to Blame for Ferguson

The Terrible Handling of the Economic Crisis Is a Cause of the Ferguson Riots   We noted 3 years ago that the terrible handling of the economic crisis would lead to civil unrest and riots. We noted that: A study this month by economists Hans-Joachim Voth and Jacopo Ponticelli showsthat – from 1919 to the…Read More

Category: Economy, Think Tank, War/Defense

Oil Boom’s Effect On The U.S. Economy

Source: Deloitte

Category: Economy, Energy

Modern Economic History of the United States

Source: Know More

Category: Economy

One Cheer for Fair Isaac

Sometimes we don’t know exactly how broken things are until after they get fixed. Case in point: Fair Isaac Corp., the company that created the model used to calculate the scores underlying millions of consumer loan and credit decisions. The New York Times described Fair Isaac’s formula as “one of the most widely used and…Read More

Category: Credit, Economy, Really, really bad calls

Africa Rising: Harnessing the Demographic Dividend

Category: Economy, Think Tank

The Seasons of the Economic Cycle

Source: The Reformed Broker

Category: Cycles, Digital Media, Economy