Longer-term view adds context to Census poverty data

Today, the U.S. Census Bureau reported the American peoples’ 2016 experience with poverty, median income and health insurance. Tom Hirschl, sociologist and co-author of “Chasing the American Dream: Understanding What Shapes Our Fortunes,” says that while the numbers today reflect an incremental improvement, middle-class and working-class Americans still feel insecure about their economic future. To […]

Recalculations of trade deficits will increase distortions

Andrew Karolyi, professor of asset management and finance at Cornell University’s SC Johnson College of Business, comments on recent reports suggesting Trump’s administration is considering recalculating trade deficit numbers. He says that while there is room for improvements on such statistics, any change would need a much more refined and nuanced approach to avoid further […]