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Tag Archives: Featured Stories

U.S. Has Worst Wealth Inequality of Any Rich Nation, and It’s Not Even Close

I’ve discussed the Credit Suisse Global Wealth Reports before, an excellent source of data for both wealth and wealth inequality. The most recent edition, from November 2016, shows the United States getting wealthier, but steadily more unequal in wealth per adult and dropping from 25th to 27th in median wealth per adult since 2014. Moreover, on a global scale, it reports that the top 1% of wealth holders hold 50.8% of the world’s wealth (Report, p. 18). One...

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A quick primer on interest rates and rate hikes

 by New Deal democrat A quick primer on interest rates and rate hikes With increasing speculation that the Fed will again raise interest rates this month, I thought I would take a look at how long term rates, and the yield curve, react. As most everybody who follows this stuff knows, in the last 60 years the yield curve has always inverted before the onset of a recession — which presumably means that it narrows before it inverts. But *how* does it...

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The Emerging Market Economies and the Appreciating Dollar

by Joseph Joyce The Emerging Market Economies and the Appreciating Dollar U.S. policymakers are changing gears. First, the Federal Reserve has signaled its intent to raise its policy rate several times this year. Second, some Congressional policymakers are working on a border tax plan that would adversely impact imports. Third, the White House has announced that it intends to spend $1 trillion on infrastructure projects. How all these measures affect the U.S....

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Trump Administration Plays Havoc with Voice of America

by Linda Beale Trump Administration Plays Havoc with Voice of America Did you know that the Republicans inserted a change to the administration of the Voice of America (VOA) network in the December military authorization ‘must pass’ bill?  The VOA has always been administered by a bipartisan broadcasting board of governors–distinguished nonpartisan media experts.  The change was to have the $800 million budget Voice of America run by a CEO appointed by and...

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