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Study finds that for many states, public education funding still hasn’t come back to pre-Recession levels

Nov 29, 2017
It’s been a decade since the Great Recession, and while a lot of things in the economy have recovered, state funding for public schools is still lagging behind pre-Recession levels, after accounting for inflation. That’s according to the Center for Budget and Policy Priorities, a think tank that focuses on ways that federal and state […]

What would happen if we reduced trade deficits quickly?

Nov 14, 2017
Fresh from his trip to Asia, President Donald Trump today tweeted that things must change when it comes to trade. “The United States has to be treated fairly and in a reciprocal fashion. The massive trade deficits must go down quickly!” he wrote. Now, most economists disagree with the president on whether the current U.S. […]

Traffic climbed after the recession. So did accidents and truckers' premiums.

Jul 6, 2017
Truck companies have turned to technology to ensure employees drive safely.
Attorney Hilary Rowen says the biggest driver of rising insurance rates is the sheer number of hours truckers and everyone else are spending on the road.
ROBYN BECK/AFP/Getty Images

Janet Yellen says not to expect another financial crisis anytime soon. Is she right?

Jun 30, 2017
The mid-point of the year is kind of an artificial time to reflect, but here we are.
U.S. Federal Reserve Chair Janet Yellen speaks at a press conference after the Federal Open Market Committee meeting in Washington, D.C., on June 14.
ANDREW CABALLERO-REYNOLDS/AFP/Getty Images

South Africa falls unexpectedly into recession

Jun 7, 2017
The gross domestic product of South Africa, one of Africa’s largest economies, contracted nearly a full percent between the last quarter of 2016 and the first quarter of this year. Some  blame President Jacob Zuma for the country’s lackluster performance. Click the audio player above to hear the full story.

Yale to help policymakers deal with the financial crisis in real time

May 12, 2017
Ever since the world economy broke in 2008, policymakers have looked for ways to keep it from breaking again. But there’s another important lesson to learn: how to put it back together. Yale University is creating a tool to offer real-time guidance to central bankers and others while they deal with a financial crisis.  Click […]

How the Panic of 1837 predicted the Great Recession

Apr 26, 2017
Going into the Panic of 1837 the market was booming and credit was flowing from banks. Sound familiar?
“We haven't sorted out whether we want to be a country based primarily for the individual or for the society as a whole, and that really does stem back at least to the 19th century and probably even earlier than that,” said Philip Gura, author of the book, “Man’s Better Angels.”
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How Putin's and Trump's economic messages are similar

Mar 9, 2017
And why the message of the 'elites' vs. 'the common man' might be dangerous.
Traditional Russian wooden nesting dolls depicting President Donald Trump, left, and Russian President Vladimir Putin in a central Moscow gift shop.
ALEXANDER NEMENOV/AFP/Getty Images

What economists can learn from English majors

Feb 13, 2017
Robert Shiller, Yale economics professor and Nobel laureate, explains why stories are powerful when it comes to the economy.
Robert Shiller says economists should pay more attention to narratives to help them explain why economic events happen.
Wendy Carlson/Getty Images

Outgoing Treasury Secretary Jack Lew talks legacy and economy's future

Jan 11, 2017
"The fact there hasn't been a financial crisis is not a reason to unwind what we've done."
Treasury Secretary Jacob Lew addresses the media after visiting the Marian Anderson Residence Museum to discuss her inclusion on the $5 bill October 21, 2016 in Philadelphia, Pennsylvania. 

 
Mark Makela/Getty Images