Is Silicon Valley over?

California is “America on fast forward,” according to sociologist Manuel Pastor. As he sees it, many of today’s biggest challenges — from climate change to inequality — arrived in the Golden State first. And thus ....

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5 questions for Richard Reeves, Isabel Sawhill, and Michael Strain on the state of the middle class

Many Americans believe that the middle class has been left behind — that wage growth has slowed down, life expectancies have stagnated, and civil society has deteriorated. To what extent are these fair diagnoses? And ....

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Scenarios for US interest rates and emerging market default: The good, the bad, and the ugly

This note summarizes my presentation for the AEI Event, “The Debt Challenge of Emerging Market Economies”, October 28, 2020.[1] How likely are emerging market (EM) economies to default? Even before the coronavirus pandemic, many of ....

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Economic headwinds and tailwinds for the potential Biden presidency

Presidents and what they do in office matter. But it sure helps to have an economic tailwind and not a headwind. Sometimes it’s better and more important to be lucky than good. And while Joe ....

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Congress still needs to respond further to the COVID recession

By Stan Veuger and Jeffrey Clemens Friday’s data on the October employment situation provides a sobering reminder of the ongoing need for sound economic policy in response to the COVID-19 pandemic. Labor market indicators remain ....

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