On Sept. 2, the Labor Department reported that employers added 315,000 jobs in August. For the past two years, we have experienced robust job growth. The U.S. has regained the 22 million jobs that we lost [...]
According to the Social Security Administration, approximately 56 million people depend on Social Security (OASI) for their retirement. For about half of older adults, it provides at least 50% of their income, and for one in [...]
The Labor Department reported recently that employers added 528,000 non-farm payroll jobs. The economy has fully recouped the 22 million positions that were lost early in the pandemic. The recovery has been far swifter [...]
On July 14, the Euro slid below the U.S. dollar for the first time in 20 years. The Euro’s downward spiral has been swift and brutal, given that it was trading around $1.15 in February. As [...]
On June 30, the U.S. Supreme Court in West Virginia v. Environmental Protection Agency ruled that the EPA overstepped its authority in restricting greenhouse gas emissions. The Court ruled that Congress, not the EPA, has the [...]
Over the past few years, several events have delayed or altered globalization, which is the interdependence of the world’s economies, cultures and populations. In the article, “The Tricky Restructuring of Global Supply Chains” in The Economist, the [...]
On June 15, in response to inflation concerns, the Federal Reserve raised overnight rates by 75 basis points. This marks the greatest increase in 28 years. The Fed forecasts raising overnight rates to 3.75% by the end [...]
Kristalina Georgieva, the International Monetary Fund managing director, told the World Economic Forum in May that “anxiety about access to food at a reasonable price globally is hitting the roof” as food prices continue to “go [...]
By Linda Villarosa, published in the New York Times on June 8, 2022 Introduction: Periodically, I read about eugenics, the scientifically erroneous and immoral theory of “racial improvement” and “planned breeding” which gained popularity during [...]
The Wall Street Journal recently reported that at least 25 SPACs (special purpose acquisition companies) have concerns about their financial future. This represents more than 10% of the SPACs that went public between 2020 and [...]
Introduction: The issue of Roe v. Wade has become subject to increased attention since a release of a leaked draft opinion by Justice Samuel Alito that would overturn this ruling. Some law professors have warned [...]
The former chief U.S. economist for UBS, Maury Harris, wrote an article “When Will More Economists Forecast Recession?” Harris pointed out that “an April poll conducted by the Wall Street Journal put the probability of [...]
Introduction This essay is dedicated to my parents, Dr. Joseph and Rosella Werlin. My father died in 1964 and my mother in 1985. During the ceremony in which we created the Joseph Werlin Faculty Award, [...]
Elon Musk, no stranger to controversy, has drawn media attention with his takeover of Twitter. Musk says he has secured $46.5 billion in financing to acquire Twitter. Musk listed three sources: The first two would be [...]
The Labor Department released two disturbing reports relating to inflation. The Producer Price Index (PPI), which measures the prices paid by wholesalers, rose 11.2% from a year ago. The Consumer Price Index (CPI), which [...]
In addition to the suffering and humanitarian crisis from the Russian invasion of Ukraine, the global economy will feel the impact of slower growth, higher inflation and a recalibration of energy policies. Because Russia and Ukraine are major [...]
The Biden Administration has introduced legislation to limit corporate buybacks, a fundamental practice in corporate America. Stock buybacks refer to share repurchases. A buyback occurs when the issuing company reabsorbs that portion of its ownership that was previously [...]
On March 16, the Federal Reserve approved a 0.25% rate hike, the first increase since December 2018. Jerome Powell, chairman of the Federal Reserve, stated that our Central Bank will raise rates aggressively over the next year [...]
Similar to the effects of the Vietnam War, Russia’s invasion of Ukraine has shifted the geopolitical and economic forces toward higher inflation. The sudden isolation of the Russian economy reflects the West’s condemnation of this [...]
On March 4, the Labor Department reported very strong employment numbers. In brief, the U.S. has benefitted from robust job growth for months. Specifically, 678,000 workers joined the workforce in February. This brings employment to levels [...]
The Russian invasion of Ukraine has disrupted the world economy and financial markets. For more than a decade, Russian President Vladimir Putin has assailed the post-Cold War security order. While Putin’s ambitions remain unclear, this [...]
The conflict between Russia and Ukraine has triggered the greatest security crisis on the European continent since the Cold War. On Feb. 18, President Biden said, “We have reason to believe that Russian forces [...]
“The inflation number is a reminder that Americans’ budgets are being stretched in ways that create real stress at the kitchen table." --President Biden U.S. 10-year Treasury yields rose on Feb. 10 above 2% for [...]
We are living in an era of Big Tech dominance. On top of the mountain are Google (Alphabet), Apple, Facebook (Meta), Amazon and Microsoft. We rely on these companies to live, work, study and secure essential services. Over time, Big Tech has built a [...]
“Is our growth rate too good to be true?” The Commerce Department reported that the U.S. economy grew at a 6.9% annual rate in the fourth quarter of 2021. This represents the fastest growth in almost 35 years. Unfortunately, [...]
KPMG, one of the Big Four accounting firms, reported in late December that merger and acquisition activity in 2021 easily surpassed the pre-pandemic level. Moreover, KPMG reported that a survey of 350 business leaders reported M&A is [...]
Omicron, the newest and most contagious COVID variant, has not only cast a pall over the holiday season but also raises questions about the future. That is, will we continue to see the emergence [...]
There is a growing consensus that the United States will enjoy solid economic growth in 2022 despite concerns about inflation, supply chain disruptions, COVID-19, and Federal Reserve tightening. The Conference Board, a research group [...]
On Friday, the Labor Department revealed that the consumer price index (CPI) has climbed 6.8% over the past 12 months. This represents the fastest annual pace in almost 40 years. Inflation of this magnitude is eroding [...]
“Longer, more frequent outages afflict the U.S. power grid as states fail to prepare for climate change.” – The Washington Post The demand for coal, natural gas and oil now exceeds pre-COVID 19 levels. Government stimulus [...]
"The United States government did something that was wrong—deeply, profoundly, morally wrong. It was an outrage to our commitment to integrity and equality for all our citizens... clearly racist." "To the survivors, to the wives [...]
The magazine, The Economist, wrote in its October edition that, “The world is on the brink of a real-time revolution in economics, as the quality and timeliness of information are transformed. This state-of-the-art innovation [...]
Boyar Research, a premier equity research firm, recently provided an overview of the wide-ranging business changes that the pandemic has turbocharged. Specifically, it accelerated e-commerce evolutions to satisfy consumer demand. As consumers moved online, [...]
Last week, George Roberts and Henry Kravis gave up their positions as co-chief executive officers of KKR & Co. In 1976, Messrs. Kravis and Roberts, who are first cousins, founded KKR along with Jerome [...]
Introduction The debate over whether the wealthiest Americans pay their fair share of taxes has become a significant political issue. I believe that America cannot continue to sustain $ trillion-dollar deficits. Therefore, taxes will need [...]
The demand for natural gas, coal and oil has created price increases not seen for years, pushing electricity costs in Europe to all-time highs. The supply shortage has several causes, including supply-chain bottlenecks and [...]
