In Nomi Prins' new book "All the Presidents' Bankers," she delves into over a century of close ties between the White House and Wall Street. Using archival correspondence, she explores the ways a small group of influential people, elected and not, has shaped American policy at home and abroad. The book details economic expansion, contraction and crises from the panic of 1907 to today, in the context of what Prins calls Americaâ€™s genealogy of power.
The latest figures show the unemployment rate in Washington state is holding steady at 6.3 percent. The Employment Security Department said the state added an estimated 6,700 jobs in March.Â The biggest job gains last month were seen in professional and business services.
Here in the Puget Sound region and across the country, the economy is making slow and steady progress in recovering from the Great Recession of 2008. But moving forward, many questions still remain. A crucial one involves the growing inequality gap. Economist Tyler Cowen says the U.S. will return to historic levels of inequality and in turn, we'll see a thinning out of the middle class.