Posted inMoney, Politics, and Power

It’s a Fiscal Slope, Not a Cliff

Quick question: What happens when you step down a slope? Well, if it’s a steep slope you’ll start sliding, but not so fast that you can’t catch yourself, avoiding serious harm. And that’s exactly the situation Washington will face early next year, if it doesn’t reach a deal on expiring tax cuts and new spending […]

Posted inMoney, Politics, and Power

The Latest Alternative Metric: Your Trash?

By now, regular readers know how we feel about the reliance on GDP as the main economic indicator and its inability to measure our economic and social well-being. Alternative indicators that can provide more of a complete picture include the Genuine Progress Indicator, the Inclusive Wealth Index, and now maybe your trash. Brad Plummer at […]

Posted inMoney, Politics, and Power

All the Rules, None of the Benefits? Half a Story on Regulation

This morning, The Washington Post reported on a new study — commissioned by the Manufacturers Alliance for Productivity and Innovation (MAPI) — that finds federal regulations that impact the manufacturing sector on a perilous rise. Naturally, conservatives have been passing it around as further proof that, one, this President is the worst President ever and, […]

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Another Economic Impact of Climate Change: Drought is Draining the Mississippi River

Cottage Grove, Minn., — Employees with the U.S. Army Corps of Engineers, St. Paul District use mechanical dredging to clear the Mississippi River 9-foot navigation channel near Cottage Grove, Minn., June 8. The Corps uses both mechanical and hydraulic dredging to maintain the channel. Despite some rain showers, over 60 percent of the country is […]

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