As the quote by President Bill Clinton goes, one of the highest priorities on everyone's mind is the state of the economy. The International Monetary Fund released its most recent report on the state of the US economy this week. And the Fed says it will start rolling back its stimulus plan soon. So, what does this mean for US economic recovery? Felix Salmon is a financial reporter for Reuters. He explains the latest in economic news.
This Week In Olympia The legislative session is almost over but lots of issues remain unresolved. Education funding is still up in the air, so is an agreement on a balanced budget. Jerry Cornfield, reporter and political columnist for the Everett Herald is waiting for answers along with the rest of us.
David Stockman Takes The American Economy To The Woodshed In 1985, federal budget Director David Stockman was sharply rebuked by his boss, Ronald Reagan, for saying the president’s tax programs were trickle-down programs to help the rich. These days, author David Stockman is taking Ben Bernanke, Wall Street Banks and the Obama administration to the woodshed for printing money, running deficits and leaving the gold standard.
The Media’s Boston Bomber Frenzy CNN went on the air with misinformation about the imminent arrest of suspects in the Boston Marathon bombings. The front page of the New York Post identified the wrong men as suspects. Should audiences have any expectations for factual reporting during these fast moving stories?
Vancouver Sun political correspondent Vaughn Palmer brings us the latest news from Canada. Film critic Robert Horton reviews what's happening on the silver screen. Then, Michael Parks wraps up the region's recent economic news.
A handful of third-world countries have turned themselves around from numerous hardships in the past 30 years: China rose from seemingly hopeless poverty, Mexico bounced back from the Third World Debt Crisis, Brazil overcame hyperinflation.
It’s estimated that about 8.2 percent of US households don’t use bank accounts. Not only that — 20.1 percent of households are considered “underbanked,” meaning they use bank accounts but still opt for payday loans, check-cashing services and other alternatives. This is according to a recent survey by the Federal Deposit Insurance Corporation.
So why aren’t people using banks? Ross Reynolds talks to some of the un- and underbanked.
Vancouver Sun political correspondent Vaughn Palmer brings us the latest news from Canada. Everett Herald film critic Robert Horton contemplates "Room 237," a look at the theories about the hidden meaning of Stanley Kubrick's "The Shining." Plus, Seattle Times columnist Jon Talton considers a Puget Sound economy without Boeing and the lessons of the canceled Lake Union Fourth of July fireworks.
It’s 3:00 p.m. on a recent workday, and Buddy Yates sets off on the first leg of his long commute home. He and his guide dog, Palmer, step through the fast-food containers that litter the street on the way to Rainier Avenue South where he will catch his first bus.
More than a decade ago, Richard Florida’s best-selling book, “The Rise of the Creative Class,” was a cultural phenomenon. Florida argued that young, educated, single folks would reinvent American cities. Today, Florida's critics say the wealth of the creative class hasn't trickled down to the working class. What’s the evidence? Some places, like Tacoma, used Richard Florida’s ideas as a blueprint for reinventing their downtown areas. What was the outcome? We’ll explore these ideas with journalist and geographer Joel Kotkin and Tacoma arts administrator Amy McBride.
While policymakers debate the government’s budget, the Brookings Institute, a private nonprofit research organization, decided to host their own brainstorming session. They asked experts from all different fields to submit ideas for responsible deficit reduction.
One expert, Harvard professor Joseph Aldy, drafted a proposal eliminating oil and gas tax subsidies. A move Aldy estimates would save the US government $41 billion over 10 years.
Originally published on Wed March 20, 2013 10:57 am
BREWSTER, Wash. - There's one word that politicians almost always use when they talk about the U.S. immigration system. That word is “broken.” But what does that really mean? Residents of the small town of Brewster, Wash., know. For decades, immigrants have come from Mexico, often illegally, to work the surrounding apple and cherry orchards. Bewster, it turns out, is a microcosm of how the immigration debate is playing out.
In 2010, emerging economies accounted for almost 40 percent of the world's gross domestic product — twice as much as they did in 1990. Today, one in four Fortune 500 firms comes from emerging markets. How far can growth carry nations out of poverty and toward a strong economic foundation? We hear what the economic successes of developing countries can teach the developed world from Peter Blair Henry of NYU’s Stern School of Business.