More than 1 million people lost their unemployment benefits as 2014 began. Whether or not those benefits get extended, economists say there are ways to change the program that will make it work better. One suggestion is work sharing, which has helped reduce Germany's unemployment.
The widening gap between the rich and poor in the U.S. has become a central touch point for economists, pundits and politicians across the U.S. New York City's newly sworn-in mayor, Bill deBlasio, was elected after campaigning against a city divided between the haves and have-nots. President Obama has called tackling inequality the defining challenge of our time, saying that growing inequality and a lack of upward mobility jeopardizes the American dream. But what, exactly, is income inequality? Audie Cornish puts that question to Drew DeSilver, a senior writer for the Pew Research Center's Fact Tank blog.
Remember screw caps on jugs of wine? These days, many winemakers have wholeheartedly embraced the screw tops — not just for their ease of use, but for the way they seal the wine's taste. Now many consumers are learning to look past the enclosures former downmarket reputation.
A Harvard economist finds there are psychological connections between the bad financial planning of many poor people and the poor time management of busy professionals. In both cases, he finds the experience of scarcity causes biases in the mind that exacerbate problems.
Former currency trader John Rusnack committed one of the largest bank frauds in history. He racked up nine figure losses at Baltimore's Allfirst Bank before he got caught and was sent to prison. Five years later, Rusnack was back on the outside franchising a chain of dry cleaners and hiring people who'd also made big mistakes.
Order cod fish in a restaurant on Cape Cod, and you might assume you were buying local. But the fish that gave the Cape its name are now so depleted that restaurants are serving cod imported from Iceland. Some activists think it's time America developed a taste for the less popular fish still present in the waters off the Cape.