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[OP-ED]: Should the Fed run the economy ‘hot’?

 03/14/2017 - 17:44
The recovery, though encouraging, is certainly no economic panacea. Mounting inequality remains a big issue. From 2000 to 2016, the best-paid 5 percent of men achieved a 30 percent wage increase, according to Bureau of Labor Statistics data analyzed by Gould. For women, the comparable gain was 24 percent.

Toward the end of 1942, Winston Churchill, in announcing a rare victory over the German army, uttered one of his more memorable phrases: “This is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” The same might be said today of the American economic recovery. Progress, though real, is incomplete.

Plain Text Author: 
Robert J. Samuelson

[OP-ED]: ¿Debería la Fed administrar una economía ‘caliente’?

 03/14/2017 - 17:35
La recuperación, aunque alentadora, sin duda no es una panacea económica. La creciente desigualdad sigue siendo un gran problema. De 2000 a 2016, el 5 por ciento mejor pagado de los hombres logró un aumento salarial del 30 por ciento, según los datos de la Oficina de Estadísticas Laborales analizados por Gould. Para las mujeres, el avance equivalente fue del 24 por ciento.

Hacia fines de 1942, Winston Churchill, al anunciar una inusitada victoria sobre el ejército alemán, pronunció una de sus frases más memorables: “Éste no es el final. Ni siquiera es el comienzo del final. Pero quizás sea el fin del comienzo.” Lo mismo podría decirse hoy sobre la recuperación económica norteamericana. El progreso, aunque real, es incompleto.

Plain Text Author: 
Robert J. Samuelson

[OP-ED]: What happens when you pay entrepreneurial teenagers $100,000 to not go to college?

 03/02/2017 - 15:06
Wall Street Journal reporter Alexandra Wolfe tells us how it all panned out for the first class of “Thiel Fellows” in her deliciously detailed book “Valley of the Gods: A Silicon Valley Story.”

In 2011, billionaire Peter Thiel made headlines when he announced that he would pay 20 teenagers $100,000 each to drop out or delay college and start businesses in biotechnology, finance, energy and education.

Thiel, the co-founder of PayPal, a venture capitalist and early investor in Facebook, wanted to underscore his belief that college costs too much, isn’t as intellectually rigorous as it once was, and leaves recent grads burdened with student loans that keep them from taking the entrepreneurial risks needed to spur the economy.

Plain Text Author: 
Esther Cepeda