Economics

Smash the Ceiling

The New Yorker: In the past few years, the U.S. economy has been beset by the subprime meltdown, skyrocketing oil prices, the Eurozone debt crisis, and even the Tohoku earthquake. Now it’s staring at a new problem—a failure to raise the debt ceiling, which would almost certainly throw the economy More

Income Disparities May Be Making Americans Unhappy

U.S. News and World Report: THURSDAY, June 16  — The growing gap between the richest Americans and everyone else is making many people with middle and low incomes unhappy, researchers have found. “Income disparity has grown a lot in the U.S., especially since the 1980s,” study author Shigehiro Oishi, a More