For middle-class workers, the new year could mean the loss of the payroll tax cut. But for workers far down the pay scale, a Jan. 1 rise in the minimum wage in eight states offers some hope.
The EPA says its new rules to drastically reduce toxic air pollution will improve national health at a minimal cost. But the power industry says the rules could hurt the economy.
What makes for a peaceful society? Hot spots from Congo to the Middle East would benefit from such knowledge. But so would the United States, which, at home, isn’t always so harmonious and abroad, is still at war in Afghanistan. The Institute for Economics and Peace, an international research group, has come up with eight ingredients for more peaceful societies. They’re laid out in a report, “Structures of Peace,” based on the institute’s annual Global Peace Index and more than 300 data sets from around the world. The US does pretty well on five of them, but falls far short on three key ingredients. Michael Shank, vice president of the institute’s US office gives his take on eight ingredients America needs to reap the economic and social benefits of peace.
For Republicans, the EPA ranks up there with the IRS as one of the most-reviled agencies in Washington, calling it a 'jobs killer.' The record of the Obama EPA, though, is more nuanced.
Trade deals passed by Congress Wednesday could be double-edged, but several economic sectors look set to gain the most from the trade deals with South Korea, Colombia, and Panama.
House Republicans are blocking a vote on a bill to punish China for currency manipulation. Leaders say it could unleash a trade war, but many rank and file want to take China to task.
With jobs at a premium in the US, senators from states hard-hit by job losses to Chinese manufacturing passed a bill to sanction China for manipulating its currency.
The Senate voted Monday to advance a bill that would punish China for manipulating its currency to drive exports. If it became law, the bill would risk a trade war over US jobs.