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Economics News

EU should prepare for Greece default, German official says

Berlin - European Union nations should prepare for Greece's expected default and departure from the common currency, a German official said Monday.

New study shows many with low credit scores miss out on recovery

The recession and all its woes are supposed to be behind us, right? Yet far too many Americans are still struggling, and low credit scores are forcing them to pay more for core services and turn to high interest financial products.

Op-Ed: Head of NY Fed deserves praise for tough talk on student loans

New York - The head of the Federal Reserve Bank of New York calls out the questionable practice of giving government-subsidized college loans to all comers...without any regard for their ability to perform academically.

Op-Ed: Paul Krugman op-ed about income inequality is a must-read

Widely-known economist Paul Krugman has penned an op-ed in the New York Times asserting that increasing education attainment is not the key to reducing income inequality. Krugman is right on the money...and could save us billions in wasted funds.

China's gender imbalance back in the headlines

Jinan - In November 2013, China relaxed its one-child policy. Since that time, there has remained a disparity in the ratio of male to female births in China, rising to as high as 117:100 in 2014.

Op-Ed: Vic Fedeli should propose eliminating minimum wage for youth

Toronto - Is anyone paying attention to the Ontario Progressive Conservative leadership race? Probably not because we're still hanging our heads in shame for voting for Kathleen Wynne's Liberals. But we should start honing in on this race.

Op-Ed: Obama could really help middle class by raising capital gains tax

President Obama is on a progressive hot streak as his second term approaches halftime: He's proposed subsidized broadband Internet for everyone, free community college for all, and now he wants to raise the capital gains tax to make the rich pay more.

Op-Ed: Why we must care that half of public school students are poor

The Southern Education Foundation reports that 51 percent of all public school students are now on the federal free and reduced-price lunch programs, the highest percentage in at least 50 years. Why this matters:

Economic uncertainty sends stocks tumbling globally

Stock markets around the world saw prices dropping heavily as the price of oil fell below $50 per barrel and worries about the economy of Greece, in particular, and Europe, as a whole, sent investors scrambling for an exit.

Op-Ed: Bah Humbug! The economy of 2014 in a nutshell

As 2014 comes to a close, new studies conclude what we already knew: the middle class is steadily disappearing and the rich are getting richer. What’s worse, this trend is apparently endemic to our economic system, and there is no end in sight.

Op-Ed: Conflicts of interest reveal why Internet must be a public good

The Daily Dot has revealed a troubling bit of information: Two prominent opponents of net neutrality, Bret Swanson and Tom Hazlett, who recently published op-eds in The Wall Street Journal and TIME, respectively, are maybe a bit too cozy with ISPs.

Op-Ed: Blast from the past — Middle class has least wealth since 1940

A new sound bite may make the midterm rounds this fall. Two economists, one from UC Berkeley and one from the London School of Economics, have found that the percentage of wealth owned by the U.S. middle class has eroded to a level not seen since 1940.

Inc. 5000 indicates some interesting trends for U.S. business

With the prestigious Inc 5000 index of the fastest growing private companies in the U.S. now published for 2014, looking through the list it is easy to see that what businesses are doing best right now although there are some interesting entrants.

Good news at last: French politicians seize on Nobel glory

Paris - For French politicians fed up with their embattled nation being the punching bag of Europe, the news of two wins in one Nobel season could not have come at a better time.

Op-Ed: Weaker role of men in economy is eroding marriage for millennials

A new poll suggests that up to 1/4 of Millennials will NEVER get married. Is this due to the decreasing role of men in the U.S. economy?

Q &A with Evan Feinberg on FCC regulations and the Internet Special

Once you're online, you don't have to ask permission or pay tolls to broadband providers to reach others on the network. And if you have an innovative new website imagine having to get permission to do so.

Op-Ed: When looking realistically, Scottish independence not a good idea

Glasgow - Could the United Kingdom not be so united any longer? For years Scotland has mulled trying to seek independence from the rest of Great Britain, and now it may actually happen...but should it? Realistically, it's tough to leave the Queen.

NYU Stern economic forum says to curb your (economic) enthusiasm Special

New York - The economy seems poised to improve, but will the changes coming be bold enough to be felt on "Main Street"? A special report for Digital Journal with comments from top economists and photos from NYU Stern's September 3, 2014 Economic Outlook Forum:

Op-Ed: Marketing analyst's book shows days of 'Beaver Cleaver long gone' Special

In his recent book, "BUYographics," senior research data analyst and award-winning journalist, Matt Carmichael has some sobering and unexpected insights into the current marketing demographics of the United States.

Wealth gap: U.S. descending into feudalism warns plutocrat

Seattle - An American plutocrat has warned that the United States will descend into feudalism and could face social upheaval as the gap between super-rich and the rest widens.

Report warns how climate change threatens U.S. economy

Washington - The U.S. economy could face major, systemic disruption due to climate change unless legislators and businesses alike take urgent action to reduce climate risk, says a new report released this week.

Study: Recession caused more than 10,000 suicides

A study taking in data from all over the developed world says that the economic recession may have led to more than 10,000 people taking their own lives across more than 24 countries.

Op-Ed: Ontario leaders debate showcases parties' economic ignorance

Toronto - The Ontario party leaders gathered in Toronto to debate Tuesday for the only time this provincial election. It would be an understatement when I say that all three party leaders are dunces and frighten the Ontario electorate, particularly libertarians.

Op-Ed: Banking investment expert's book says 'oversupply' is a setback Special

As a world traveler and investment banker, economic expert Daniel Alpert saw the 2008 financial crisis approaching. In his recent book published last year, he talks about the dramatic shift that has placed the American economy in a much different setting.

'Love Me' explores the male search for love, online and overseas Special

Toronto - Internet dating is big business, particularly overseas, where Ukrainian and Russian women sign up in droves to meet American men.

Op-Ed: The political economics of Hazel Henderson

The notion of 'externality' is a central concern of Hazel Henderson. This is the cost of producing a commodity that can be omitted or 'externalized' from the company's balance sheet to the public and Mother Nature.

Op-Ed: Economic obsolescence — When demographics just don’t work at all

Sydney - The slow slither of new retirement and revenue policies being adopted by Western governments indicate that governments want more revenue and to spend less. The problem is that the economics of the near future will be nothing like the current model.

Op-Ed: The push towards online grocery is all the rage right now

It’s not hard to find whatever you need online, from electronics to clothes and furniture and now groceries through some companies.

Once a Soviet hub, Armenia looks to revive its tech sector

Yerevan - Once seen as a silicon valley of the Soviet Union, the tiny Caucasus nation of Armenia is hoping the launch of its first tablet computer and smartphone could kickstart a comeback for the country's tech sector.

Cyprus MPs fail to pass privatisation bill in threat to bailout

Nicosia - The Cypriot parliament failed Thursday to adopt a controversial bill to sell off state utilities mandated by a bailout from international lenders, potentially endangering the next tranche of a 10-billion-euro loan.
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Plutocrat  author and entrepreneur Nick Hanauer has warned that US wealth disparities are leading to...
Plutocrat, author and entrepreneur Nick Hanauer has warned that US wealth disparities are leading to a feudal society with revolution the inevitable outcome.
Nick Hanauer -
 The Age of Oversupply  overcoming the greatest challenge to the Global Economy   by Daniel Alpert w...
"The Age of Oversupply, overcoming the greatest challenge to the Global Economy," by Daniel Alpert was published last year and talks about issues facing the current global market.
lichens hanging on for dear life  just like many seniors and others in the lower classes  against al...
lichens hanging on for dear life, just like many seniors and others in the lower classes, against all odds.
Schoenholtz  Coronado  Reinhart  and Backus at the Economic Outlook Forum at NYU Stern on September ...
Schoenholtz, Coronado, Reinhart, and Backus at the Economic Outlook Forum at NYU Stern on September 3, 2014
Backus  Schoenholtz  Coronado  and Reinhart at the Economic Outlook Forum at NYU Stern on September ...
Backus, Schoenholtz, Coronado, and Reinhart at the Economic Outlook Forum at NYU Stern on September 3, 2014
A small pie chart showing off Russian exports in 2007.
A small pie chart showing off Russian exports in 2007.
Wikimedia Commons and eia.doe.gov
a weighty subject  a reminder of just how hard some people s heads and hearts really are. beautiful ...
a weighty subject, a reminder of just how hard some people's heads and hearts really are. beautiful to look at impossible to digest.
Reinhart  Schoenholtz  Coronado at the Economic Outlook Forum at NYU Stern on September 3  2014
Reinhart, Schoenholtz, Coronado at the Economic Outlook Forum at NYU Stern on September 3, 2014
A map showing some areas of the world that were damaged by the recession.
A map showing some areas of the world that were damaged by the recession.
23prootie via Wikimedia
Two Americans Share 2011 Nobel Prize in Economics  Dr. Thomas J. Sargent of the New York University ...
Two Americans Share 2011 Nobel Prize in Economics, Dr. Thomas J. Sargent of the New York University and Dr. Christoper Sims from Princeton University, New Jersey.
Google images
Coronado  Schoenholtz  Reinhart  and Backus at the Economic Outlook Forum at NYU Stern on September ...
Coronado, Schoenholtz, Reinhart, and Backus at the Economic Outlook Forum at NYU Stern on September 3, 2014