economy

Metro Areas lead US Economic Recovery

Metro Areas lead US Economic Recovery

A recent New York Times article cited Denver as a poster child for the new possibilities for economic success: Its transformation into one of the most dynamic economies in the country was led by local business leaders and government officials, who took advantage of existing assets while also raising taxes at times to invest in […]

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California: A Case Study of the Interaction between Social Policy & the American Dream?

California: A Case Study of the Interaction between Social Policy & the American Dream?

A recent Orange County Register column reviews the changes in California’s economy over the last 40 years: Forty years ago, California was the role model for education, particularly with its network of community colleges, state universities and, at the apex, the University of California system. Today, that reputation is unraveling. For one thing, we are […]

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Did Income Inequality Make the Great Recession Worse?

Did Income Inequality Make the Great Recession Worse?

That’s the argument made by Bas Bakker and Joshua Felman of the International Monetary Fund in  recent research summarized at voxeu.org: It was not just the drop in housing wealth that made the Great Recession so deep, but also the decline in financial wealth. The decline in total wealth was key to explaining the depth […]

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Urban Institute:  Not-for-Profit Sector is 5% of US Economy

Urban Institute: Not-for-Profit Sector is 5% of US Economy

A new report by the Urban Institute profiles the not-for-profit sector.  One big take-away from it is that charitable activities make up more than five percent of the US Gross Domestic Product.  Here are some of its other highlights: Of the nonprofit organizations registered with IRS, 501(c)(3) public charities accounted for just over three-quarters of […]

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Welfare Reform May Need to be Reformed

Welfare Reform May Need to be Reformed

When the main US welfare program (Assistance to Families with Dependent Children–AFDC) was transformed into Temporary Assistance for Needy Families in the 1990s, it was hailed a a great success. The intent of the reform was to make it a last-resort “safety net” rather than an income support program. The last decade has been a […]

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Recovery?  What recovery?

Recovery? What recovery?

Every few months, we are reminded that the economic recovery has been anemic up to now, but next year, it will be different.  In case you missed it, over at the NYT’s Upshot, Neil Irwin took a look at the latest trends in housing and provided a sobering corrective to this conventional optimism: The number […]

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