Jun 24 Brexit: 4 reasons it comes as a shock By Paul Solman First, of course, are the political implications. Second, these are millions upon millions of people who were voting against their pocketbooks. The third shock is more personal: my apparent over-reliance on the prediction markets, and on economists like Justin Wolfers… Continue reading
Jun 23 Watch 8:36 Why a severe housing shortage means reduced wages for workers By PBS News Hour According to a new report, more than 40 million American households are spending a third of their income on rent, and housing shortages in major cities such as New York and San Francisco may ultimately lead to billions of dollars… Continue watching
Jun 23 How the housing markets in 5 U.S. cities may have cost you $5,000 in lost wages By Duarte Geraldino The housing markets in five U.S. cities have prevented aggregate U.S. GDP from growing further and in doing so may have cost the average American worker $5,000 in lost wages. Continue reading
Jun 22 Watch 7:35 Sobering IMF report on U.S. economy cites dwindling middle class, growing income equality By PBS News Hour A new outlook issued Wednesday by the International Monetary Fund drew some startling conclusions about the U.S. economy. The report asserts that the American middle class is gradually shrinking, the seven-year economic recovery is starting to slow and the pronounced… Continue watching
Jun 22 Should I stick with my Federal Employee Health Benefits or enroll in Medicare? By Philip Moeller Once you know the cost of your Medicare solution, you at least can compare it with your current coverage and costs. Continue reading
Jun 22 Column: How an epidemic of grade inflation made A's average By Vikram Mansharamani Grade inflation — no, hyperinflation — is running rampant in American higher education. A recent study revealed that 42 percent of four-year college grades are A’s, and 77 percent are either A’s or B’s. Continue reading
Jun 21 Watch 5:03 Venezuelans face collapsing economy, starvation and crime By PBS News Hour Plummeting worldwide fuel prices have damaged several economies, but perhaps no country has been hit harder than Venezuela. Once flush with oil money, the nation now faces a collapsing economy, skyrocketing inflation and a wave of looting and crime driven… Continue watching
Jun 21 Watch 53:02 PBS NewsHour full episode June 21, 2016 By PBS News Hour Tuesday on the NewsHour, what the fundraising gap between presidential nominees means for the election. Also: The IOC leaves the door open for banned Russians to compete at Rio, why some states are adopting federal science standards, falling oil prices… Continue watching
Jun 21 How much does it cost to leave the workforce to care for a child? A lot more than you think. By Kristen Doerer Two out of every three American children under the age of 5 whose parents both live together need child care because both parents work. The average cost for two kids -- an infant and a 4-year-old -- in a child… Continue reading
Jun 21 Can you guess how many Americans have absolutely no savings at all? By Kristen Doerer, Paul Solman Sixty-six million Americans have zero dollars saved for an emergency expense -- zero -- and 28 percent have only six months worth of savings, according to a new report by Bankrate. Continue reading