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Economy – Articles, Analysis, Opinion

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Mark Zuckerberg and Priscilla Chan are giving billions to charity through their donor-advised fund instead of a traditional foundation. Jeff Chiu/AP Photo

Donor-advised funds: Charities with benefits

As these tax-exempt vehicles transform philanthropy, they’re drawing more scrutiny. Will Congress or the Trump administration tinker with the rules that encouraged their rapid growth?
Walt Disney used defaults to get children to eat healthier foods, but not all nudges have consumers’ interests at heart. Gary Kazanjian/AP Photo

‘Default’ choices have big impact, but how to make sure they’re used ethically?

Defaults are powerful tools that policymakers and marketers can use to nudge us to make certain choices, whether in our interest or in theirs. How do we ensure they’re used responsibly?
University students experiment with human-robot interaction and autonomous manipulation, two elements of manufacturing’s future. Nikolaus Correll

To really help US workers, we should invest in robots

Today, the U.S. is leading the robotics revolution. But without timely investment, China will overtake us, and could permanently put Americans out of work.
Whether you have two majors or one, graduation is a celebration. Syda Productions/Shutterstock.com

Does it pay to get a double major in college?

Double-majoring is thought to broaden your horizons and give you more career options. A new look at seven years of U.S. census data tells us that there may be a financial benefit as well.
The U.S. and EU are stronger together. Darko Vojinovic/AP Photo

America can’t be first without Europe

The Treaty of Rome, which eventually led to the European Union, is turning 60 at a time when many inside and outside Europe are questioning the union’s value. For the U.S., much is at stake.
Facebook’s Mark Zuckerberg argues his social network can support more civic engagement. Ben Margot/AP Photo

Can Silicon Valley’s autocrats save democracy?

While Facebook’s Zuckerberg suggested as much recently, companies run like autocracies cannot fulfill technology’s promise of reinvigorating the democratic process.
if you like to drink (or sell) German beer, higher rates are a wonderful thing. Matthias Schrader/AP Photo

Why higher interest rates should make you happy

While borrowers may not be thrilled by the Federal Reserve’s decision to raise rates, many of us have plenty of reason to celebrate.
Trump’s budget director, left, says White House spending priorities are straight out of the president’s mouth. Kevin Lamarque/Reuters

Why Trump’s ‘skinny’ budget is already dead

Trump is proposing a budget with little substance and filled with politically toxic spending cuts, making it very unlikely to go anywhere, even in a Republican Congress.
There are lemons in the stock market too. Rich Kareckas/AP Photo

Why Wall Street is like a used car lot

As the New York Stock Exchange marks 200 years since its official formation, investors are wondering whether the surging stock market is a ‘Trump bump’ or more like a lemon.
Trump addresses a joint session of Congress on Feb. 28, 2017, as VP Mike Pence and House Speaker Paul Ryan applaud. Jim Lo Scalzo/Pool Image via AP

Trump’s address to Congress: Expert reaction

Three scholars grade Trump’s first address to Congress. How did he do on Obamacare? What would his ‘merit-based’ immigration proposal mean? And can he play nice with others
A day without museums? The NEA has been threatened with cuts and elimination many times in its short history, including in 1990. Al Behrman/AP Photo

How the NEA’s measly millions keep America’s museums alive

Trump has indicated he wants to eliminate the National Endowment for the Arts in his budget to save money. The impact on many US museums could be devastating.
Deporting more illegal immigrants means hiring more ICE agents. The costs add up. Charles Reed/U.S. Immigration and Customs Enforcement via AP

Why mass deportations are costly and hurt the economy

Following through on campaign promises to forcibly evict several million illegal immigrants, Trump has set in motion a plan to deport those with criminal records. But doing so won’t come cheap.
The Statue of Liberty has been a welcoming sight for immigrants for decades. Susan Ragan/AP Photo

Want a stronger economy? Give immigrants a warm welcome

Trump’s plans to build a wall with Mexico and deport millions of people in the US illegally cast immigrants as an economic threat to Americans. The evidence suggests otherwise.
In the wrong hands, ‘nudges’ can be used in nefarious ways. Marionette strings via www.shutterstock.com

Can Trump resist the power of behavioral science’s dark side?

Dozens of governments have been using the insights from the burgeoning field to ‘nudge’ citizens in ways that improve their well-being. But some worry Trump might use it for less altruistic ends.
Trump poses with his brain trust. Mark Lennihan/AP Photo

White House in turmoil shows why Trump’s no CEO

He campaigned on the notion that his business experience would equip him to ‘make America great again,’ but running a family company is poor training for the presidency.
Efforts to combat climate change are making extracting oil from areas like Canada’s tar sands fields more expensive. Emily Beament/PA Wire via AP

Are fossil fuel companies telling investors enough about the risks of climate change?

The Trump administration may reverse a recent push to require oil companies to disclose more information about climate change risks to investors. Is that a good thing?