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The Need to Support Business Investment

Here’s the situation: Fundamentally, investment is what drives productivity and growth. Unfortunately, more than six years after the Great Recession started, business investment is still…

Textiles and apparel are not “thriving”: Why the U.S Still Needs A Production Economy

The NYT just ran a story entitled “U.S. Textile Plants Return, With Floors Largely Empty of People.”  You might read that story and think, hey,…

Will the GDP revisions help or hurt Obama?

The GDP revisions which come out on Wednesday are likely to reshape our perception of the Great Recession. The BEA will have new data available,…

Telecom/Broadcasting Industry Leads in Investment Spending

While I was waiting for my plane at Heathrow on Sunday, I spent a bit of time looking through BEA statistics on investment spending by…

Who Says Tech Innovation Moves Too Slowly?

In his article for the July/August issue of the Washington Monthly, Barry Lynn correctly notes that the slow pace of technological progress in many fields…

Is the Labor Market for Colleges Grads Looking Up?

Young educated Americans are finally rejoining the workforce. According to BLS statistics, the labor force participation of Americans age 18-34 with a Bachelor’s or Associate’s…

Tech Investment Still Rising, Despite WSJ Story

This morning the WSJ ran a story entitled “Investment Falls Off a Cliff: U.S. Companies Cut Spending Plans Amid Fiscal and Economic Uncertainty.” The story argued that:…

Young College Grads: Real Earnings Fell in 2011

The latest Census figures show real earnings for young college grads fell again in 2011. This makes the sixth straight year of declining real earnings…

WTO Filing a Step Toward Enhancing Competitiveness

Are U.S. manufacturing jobs gone for good? Many so-called experts have mocked the Obama Administration’s latest trade action against China as being fundamentally useless, the…

Young America: Squeezed into Summer Vacation

Last week’s employment status report of America’s youth from the BLS shows the number of people aged 16-24 not in the labor force or enrolled…