A new report from the McKinsey Global Institute (MGI) identifies five large-scale investment opportunities that have the potential to increase GDP by over $1 trillion and create millions of new jobs by 2020. MGI came up with these by first analyzing the structural (that is, long-term) causes of the lackluster Great Recession recovery. According to…
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Dr. Horace “Woody” Brock is an author and economist, and the founder and president of Strategic Economic Decisions, an economic think tank. He believes the growth of “bubbles”– such as the real estate bubble that had such a devastating effect on world economies in 2008 – can easily be controlled. In a recent interview with…
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With Americans being forced to take more and more responsibility for their retirement savings and growth, the need for making better financial decisions is becoming paramount. Unfortunately, a recent survey by LIMRA, a life insurance market research association, designed to test the financial literacy of the average American, shows that we still have a long…
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I never thought I’d find myself writing about politics, but a recent 60 Minutes interview highlighted the need for someone to speak out. As I write this, the election is over, and things haven’t changed much. The Democrats still control the White House and the Senate, and the Republicans still control the House. Our country…
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The U.S. Bureau of Labor Statistics estimates that as of 2010 more than 18 million businesses are run primarily out of a home. That may actually be on the low side, given recent advances in mobile and wireless technology, as well as the cost-cutting realities of a low-growth economy. If you’re considering running a business…
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The National Association for Business Economics (NABE), a large international association of applied economists, strategists, academics, and policy-makers, recently surveyed its 236 members on a number of government policy issues. The results show that there is not much support among economists for policy tightening over the next 12 months. In fact, the economists recommended increasing…
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