A new study notes that they on average cities have higher unfunded liabilities for health care promises made to retirees than for pensions and have set aside very little to pay for the future health care promises they have made to workers. That amounts to a fiscal tidal wave. The problem, as the chart suggests, lies in the grey areas of the two pie charts...
full articleWhile searching for something else, I came across this entertaining collection of grand predictive...
While total federal debt has skyrocketed to more than 100% of the nation’s GDP in 2012, the...
Even if a sturdier recovery does eventually get under way in Europe, its longer-term growth...
Increased uncertainty has a negative impact on economic activity by reducing demand, as firms and...