US economy

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About 98% of US exporters are small businesses. Cargo ship via

We may have cinched TPP, but is US trade a lost cause?

The signing of the Trans-Pacific Partnership belies the fact that the US's share of trade in the region has been declining for some time.
Running the economy is a bit like running a race… Jogger wall via

How the Federal Reserve keeps the US economy from bonking

My buddy is training for his third Chicago Marathon. I’m preparing for a 10K mud-run. He’s really fit and a family nurse practitioner, so I seek his advice on how to get in shape and what to eat. His advice…
This train will not be stopping at jail. Ed Schipul

The 1% game the system and the rest no longer want to play

Every year I ask my class on “Wealth and Poverty” to play a simple game. I have them split up into pairs, and imagine I’m giving one of them $1,000. They can keep some of the money only on condition they…
While the US government remains shut down, the long game for Republicans like Speaker John Boehner remains the debt ceiling crisis. EPA/Jim Lo Scalzo

Raise the roof: the politics of the US debt ceiling crisis

The US government shutdown is in its second week, but attention in the country has shifted elsewhere: to the looming debt ceiling crisis. On October 17, the US runs out of money to pay its bills. Both…
Odds are Republicans will decide to, once again, raise the debt ceiling rather than face sovereign default. But what lies beyond the vote for Obama? AAP

From government shutdown to stalled Asia pivot, signals of Obama’s Requiem

Most commentary on the US government shutdown concerns the apparent disregard some pigheaded Republicans have for the harm it could do to the American and global economies. While the shutdown will likely…
Yolo. EPA/Michael Reynolds

Boehner risks his reputation in Obamacare shutdown

Republican Speaker John Boehner faced a choice between two unappetising gambles on Monday night. One option was to cut a deal with Democrats to continue federal government spending at present levels, and…
Big car firms now make huge sums from financial subsidiaries. Martin Rickett/PA

Short-term profit seeking risks the future of manufacturing

In both the US and UK, policymakers have been excited to see a small but significant increase in manufacturing activity and exports. While growth in manufacturing jobs has been sporadic, the creation of…

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