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...kidding me? Bernanke? The man whose excessively loose monetary policies put us in this predicament in the first place? This sort of endorsement is the last thing the country needs. Patrick Carlevato Chicago...
...kidding me? Bernanke? The man whose excessively loose monetary policies put us in this predicament in the first place? This sort of endorsement is the last thing our country needs. Patrick Carlevato, CHICAGO...
...promising example of new thinking is found on Chicago's South Side. At the Ariel Community Academy, financial education starts in kindergarten with books like A Chair for My Mother (the moral: if you want to buy something, save money first) and quickly becomes hands-on. Each entering class at Ariel - a K-8 public school that has partnered with a local money-management firm since the mid-1990s - is entrusted with a $20,000 investment portfolio, and by seventh grade, kids are deciding what to buy and sell (profits help pay for college). Last year, for the first time...
Continually easing the pain of jobless Americans, it turns out, can contribute to high jobless rates by warping incentives to look for work. "The consensus estimates show that unemployment benefits do prolong unemployment spells by quite a bit," says University of Chicago economist Bruce Meyer, who has produced academic studies on the issue dating back to the recession of the early 1980s. (See 10 ways your job will change...
...estimated six people applying for every job available, there's plenty of merit to that argument. "Still, the unemployment rate rose from 8.6% in March 2009 to 10% now even as the job-vacancy rate held steady," says Steven Davis, a leading labor economist at the University of Chicago's School of Business...