Daily Economy
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A Reason to Celebrate Social Security’s Birthday
Eighty years ago this week — on August 14, 1935 — President Franklin D. Roosevelt signed the Social Security Act. It created a national old-age retirement program in the United States for the first time. It was an investment that continues to pay dividends even today.
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Jobs Report Presages an Accelerating Economy
The broad gains in the July Employment Report from the Labor Department this morning suggests the economy continues to grow at a moderate pace. We continue to expect the economy to post faster growth in the second half of 2015 following the weak first quarter.
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Financial First Steps: How to Establish Credit
For those who aren’t students and are attempting to build credit, there is a hurdle to overcome, because lenders abide by the unwritten law, “you must have credit to get credit.” Fortunately, there are a number of ways to overcome this.
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Using “Parks and Recreation” to Teach Economics
Economic educators are always trying to find new ways to breathe fresh air into the economics classroom and to get away from conventional “chalk talk” methods made famous in movies such as “Ferris Bueller’s Day Off” (1986). I know we all remember Ben Stein putting the class to sleep during a macroeconomics class. A new…
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Bernanke’s Math Problem
Former Fed Chairman Ben Bernanke argues that stock prices have returned to their earlier upward trajectory, following the chaos of the Great Recession. But there’s one problem: He did the math wrong.
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Consumer Spending is Bouncing Back
Data released today by the U.S. Department of Commerce show second quarter real Gross Domestic Product grew 2.3 percent following an upwardly revised first quarter gain of 0.6 percent. Along with today’s first estimate of second quarter GDP, Commerce also released revised estimates of GDP for the past three years.
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Financial First Steps: The ABC’s of Credit Cards
With so many offers for credit cards out there, how do you choose one? We offer a few tips to weigh your options.
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Rethinking ‘Safe’ Asset Allocation in Retirement
How should retirees think about allocating assets during retirement? One platitude says that retirees should decrease exposure to risk, and therefore to stocks, as they age. But this “safe” approach is increasingly being called into question.
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•
A Reason to Celebrate Social Security’s Birthday
Eighty years ago this week — on August 14, 1935 — President Franklin D. Roosevelt signed the Social Security Act. It created a national old-age retirement program in the United States for the first time. It was an investment that continues to pay dividends even today.
-
•
Jobs Report Presages an Accelerating Economy
The broad gains in the July Employment Report from the Labor Department this morning suggests the economy continues to grow at a moderate pace. We continue to expect the economy to post faster growth in the second half of 2015 following the weak first quarter.
-
•
Financial First Steps: How to Establish Credit
For those who aren’t students and are attempting to build credit, there is a hurdle to overcome, because lenders abide by the unwritten law, “you must have credit to get credit.” Fortunately, there are a number of ways to overcome this.
-
•
Using “Parks and Recreation” to Teach Economics
Economic educators are always trying to find new ways to breathe fresh air into the economics classroom and to get away from conventional “chalk talk” methods made famous in movies such as “Ferris Bueller’s Day Off” (1986). I know we all remember Ben Stein putting the class to sleep during a macroeconomics class. A new…
-
•
Bernanke’s Math Problem
Former Fed Chairman Ben Bernanke argues that stock prices have returned to their earlier upward trajectory, following the chaos of the Great Recession. But there’s one problem: He did the math wrong.
-
•
Consumer Spending is Bouncing Back
Data released today by the U.S. Department of Commerce show second quarter real Gross Domestic Product grew 2.3 percent following an upwardly revised first quarter gain of 0.6 percent. Along with today’s first estimate of second quarter GDP, Commerce also released revised estimates of GDP for the past three years.
-
•
Financial First Steps: The ABC’s of Credit Cards
With so many offers for credit cards out there, how do you choose one? We offer a few tips to weigh your options.
-
•
Rethinking ‘Safe’ Asset Allocation in Retirement
How should retirees think about allocating assets during retirement? One platitude says that retirees should decrease exposure to risk, and therefore to stocks, as they age. But this “safe” approach is increasingly being called into question.