Imagine you could wave a magic wand and double the incomes of the bottom 20 percent of Americans. Would you do it? I imagine your answer is yes.
Now, suppose that in order to increase the incomes of people at
How the Virus Transformed the Way Americans Spend Their Money
The coronavirus has profoundly altered daily life in America, ushering in sweeping upheavals to the U.S. economy. Among the most immediate effects of the crisis? Radical changes to how people spend their money.
In a matter of weeks, pillars of …
Trump’s approach to reopen economy leaves decisions to governors
US President Donald Trump gave governors a road map on Thursday for recovering from the economic pain of the coronavirus pandemic, laying out “a phased and deliberate approach” to restoring normal activity in places that have strong testing and are …
When is the right time to reopen the US economy? Our panelists’ verdict
The question of when and how to reopen the economy should not be up to economists (like me), but to epidemiologists and public health officials. At a time like this, the best public health policy is the best economic policy. …
Good news on coronavirus makes it harder for Trump to hold the line
President Donald Trump urged Americans eight days ago to brace for the “toughest week” of the coronavirus pandemic — but for Trump himself, the week ahead may well be tougher.
That’s because, even as the death toll keeps rising, so
… What small businesses need to know about the government’s new forgivable loan program
Small business owners have been told today is the day they can apply for a new, forgivable loan to help keep their businesses afloat during the coronavirus crisis.
Nearly $350 billion has been allocated for that purpose in the
… Markets are ‘very oversold,’ analyst says volatility will peak before investors see the bottom
Markets are “very oversold,” with a lot of “forced selling” going on, says a Fidelity analyst, who compared the recent volatility to extreme downturns in the past.
“We’re certainly very oversold,” said Jurrien Timmer, director of global macro at Fidelity …
The US dollar plows ahead as global stock markets remain volatile
Dramatic action from policymakers failed to bring much calm to financial markets on Thursday, with stocks in Asia sinking while European and US indexes were mixed. The only clear winner was the US dollar, which has surged as investors scramble
Surging Dollar Reflects the Standout U.S. Economy
The dollar climbed to its highest level in years this week, a reflection of the standout status of the American economy against a global backdrop clouded by the coronavirus.
Pessimistic economic updates from Japan, Britain and Germany have only added
Lawrence Tesler, Who Made Personal Computing Easier, Dies at 74
When you’re cutting and pasting, dragging the cursor over selected text and performing other common computer tasks, you can thank him.
Lawrence Tesler, a pioneering computer scientist who helped make it easier for users to interact with computers, whether cutting
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