Euro zone may struggle with its own Lost Decade

May 24, 2012

Additional Reporting by Andy Bruce and polling by Rahul Karunakar and Sumanta Dey.

Manifest currency? U.S. dollar’s global dominance not set in stone

May 23, 2012

Incumbency, it is often said, confers many advantages.

Sitting U.S. presidents certainly have reaped its benefits – in the past 80 years, only three have been unseated.

Asian Americans hit hardest by long-term unemployment

May 23, 2012

Asian Americans have the highest rate of long-term joblessness of any ethnicity in the United States, according to a report from the Economic Policy Institute, a liberal think tank in Washington.

In QE3 waltz, Fed again steps toward easing

May 17, 2012

On again, off again. That’s been the story with prospects for another round of monetary stimulus from the Federal Reserve. Expectations for a third installment of quantitative easing, the much-debated QE3, had ebbed with improving economic data in the first quarter – but are now flowing anew.

Jobs or inflation — Is the Fed distracted?

May 9, 2012

The Federal Reserve doesn’t get much love from Washington these days but it did receive a rare bit of political backing on Wednesday as Democrats defended its role in promoting full employment as well as stable prices.

The U.S. productivity farce

May 4, 2012

Economists don’t agree on much but they do tend to converge on one idea – productivity improvements are the key to long-term prosperity. Except that who benefits from productivity increases matters as much as the efficiency gains themselves, according to two reports from the liberal Economic Policy Institute in Washington.

China bear Pettis says world coming around to his view

May 3, 2012

Few mainstream economists have been quite as downbeat on China as Peking University professor and noted China watcher Michael Pettis. Pettis has long held that the world’s No. 2 economy will grow at a maximum of 3.5 percent a year for the rest of the decade, well below a consensus call that appears to have settled into the 5-7 percent range. “And honestly, I think if I’m wrong, it will be to the downside rather than the upside,” he told Reuters.

Dr. Doom goes to Beverly Hills

May 3, 2012

When it comes to predicting a dark future, Nouriel Roubini – the NYU economist who earned the moniker Dr. Doom after he correctly predicted the financial crisis – is not about to let anyone get in his way.

Ferguson’s fury: Harvard historian decries female welfare recipients

May 2, 2012

Another panel, another group of rich guys talking about income inequality in America.

Europe in recession – an interactive map

April 30, 2012

Spain has become the latest European country to slip into recession joining the Belgium, Cyprus, The Czech Republic, Denmark, Greece, Italy, The Netherlands, Ireland, Portugal, Slovenia and the United Kingdom.