Business cycle

New book casts America’s economic future in strikingly positive light

Daniel Gross’ new book “Better, Stronger, Faster: The Myth of American Decline and the Rise of a New Economy,” has a more optimistic take on the U.S. economy and its current state.

Weak demand for new workers keeps long-term unemployment high

Why recessions can be good for the economy

Art market booming during the recession

The economy of the last decade

Business owners talk shop about the economy

Reports are trickling out that say the economy is on a slow upswing, but some business owners aren’t seeing it.

Kabubble: Kabul’s Looming Collapse

Arts, Culture & Media

A recent article in Harper’s highlights the huge distortions in the economy of Afghanistan. Scenes of crass conspicuous consumption, alongside highly inflated prices for land and goods and services are unsustainable, the article argues.

Pittsburgh One of Only Three U.S. Cities to Have Fully Recovered from the Recession

The economy is on an upswing for three cities in America, and today marks our last visit with a city the Brookings Institution has deemed recovered from the recession. The third stop on our road to recovery is in Pittsburgh. Pittsburgh has officially reached pre-2007 levels for both GDP per capita and employment, and its […]

The World

European Markets Fall, Art Basel Soars

The European economy is teetering this week, but there’s one place in Europe where the good times are rolling: Basel, the site of the continent’s oldest and biggest contemporary art fair.

Outlook for U.S. and Global Economies May Be Grim Following Weak Jobs Report

A series of grim economic reports on Friday could set the United States on pace for another economic slowdown, following in the steps of European economies. Friday’s employment report showed that  the United States added only 69,000 jobs last month. Meanwhile, a separate report showed that manufacturing has slowed. Consumer spending went up, but outpaced incomes. […]