For decades, the quality of life of the incoming generation of Americans has built on and improved on that of the previous generation. According to new data released by the United States Census Bureau, however, that is not the case for the current incoming generation, the Millennials. They have government to blame for their rotten economic conditions.
The United States lost jobs between 2000 and 2010, the first loss between census years that has been recorded in the nation’s history. The decline was attributable to two economic shocks, the contraction following the 9/11 attacks and the Great Recession, the worst financial crisis since the Great Depression. Yet, even in this moribund job market, employment continued to disperse in the nation’s major metropolitan areas.
Last year, Congress enacted 72 new laws and federal agencies promulgated 3,659 new rules, imposing $1.86 trillion in annual regulatory compliance costs on American businesses and families. It’s hardly surprising that America’s economy shrank by 1% the first quarter of 2014, our labor participation rate is a miserable 63% and real unemployment stands at 12-23% (and even worse for blacks and Hispanics).
Seventy-eight years ago, on February 4, 1936, the British economist John Maynard Keynes (1883–1946) published what soon became his most famous work, “The General Theory of Employment, Interest, and Money.”[…]
The term “Greater New York” was applied, unofficially, to the 1898 consolidation that produced the present city of New York, which brought together the present five boroughs (counties). When consolidated, much of the city of New York was agricultural. As time went on, the term “Greater” came to apply to virtually any large city and its environs, not just New York. By 2010, Greater New York had expanded to somewhere between 19 million and 23 million residents, depending on the definition.
I’ve been carrying on conversations with family members in Wisconsin (yes, I’m a born-and-raised cheesehead) concerning Gov. Scott Walker’s budget reform measures. Most of my family agrees with what he[…]