Globalization, Not Nationalism, Drives The World

The world has changed, and largely for the better. But while governments can spike their way out of a temporary bad situation they can’t rely on trashing their currency forever.

Erik Hare
By Erik Hare

The year was 1930.  The greatest depression in U.S. history closed around the nation like a dark shadow.  Congress was desperate to do something that put the nation to work again.  What could do it?  Rep. Willis Hawley and Sen. Reed Smoot had a plan – close down imports and make Americans buy products made in America. Their Smoot-Hawley Tariff

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80% of Lower-Income 4th Graders Cannot Read At Grade Level: Report

The reading proficiency gap between lower and higher-income students has spiked by 20 percent over the last decade, a recent report found.

Frederick Reese
By Frederick Reese
Claire Talbott, 7, of San Francisco, reads during a news conference addressing California Standardized Testing. (AP Photo/Benjamin Sklar)

The president of the National Educational Association, Dennis Van Roekel, wrote a letter to President Barack Obama on the eve of the president’s sixth State of the Union address. The NEA - the nation’s largest teachers association - has grown concerned with the state of education in the nation today and felt it necessary for the president to

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Deficit Talk: Worrying About The Water Bill When The House Is On Fire

Meanwhile, Republican deficit hawks would rather pour gasoline on the economic fire instead.

Edward Rhymes
By Edward Rhymes

OK, it’s like this: our house is on fire. The flames are beginning to burn our belongings, family mementos, etc. (you get the picture). Finally, the fire department arrives. They begin to attach the hose to the fire hydrant situated on our property and then… I start arguing with my wife about how high the water bill will be and refuse to let the

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Unemployment Gap Between Rich And Poor Widens To A 10-Year Extreme

Joblessness among America’s poor is approaching levels last seen during the Great Depression, while the wealthy experience full employment.

Martin Michaels
By Martin Michaels

Unemployment gaps between the wealthiest and the poorest Americans have reached their highest level since government officials began tracking the statistic a decade ago. It’s a very different story from the one told by President Barack Obama last week in an ABC interview about the state of economic recovery five years after the Great Recession

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