| Feb 3, 2013
| 5:00 AM
The latest report from the nonpartisan Economic Policy Institute makes a compelling case for raising the minimum wage, nationally and in Maryland. Legislation introduced last week in Annapolis would raise the minimum from $7.25 an hour to $10 in two years...
| Nov 27, 2011
| 4:01 PM
Shoppers packed stores and spent money in record numbers on Black Friday, early surveys show, a phenomenon that analysts call a hopeful sign for the U.S economy after months of up-and-down consumer spending.
Black Friday sales were up 6.6 percent over...
| Jun 30, 2011
| 12:44 PM
The Greek parliament approved a $113 billion austerity package that had been demanded by the European Union and the International Monetary Fund as a condition for receiving a $17 billion installment of the $160 billion "bailout" package negotiated last...
| Jul 7, 2011
| 10:11 AM
5.1, 9.3, 8.1, 8.5, 8, 7.1 and 3.9.
While that might sound like a controversial series of Olympic curling scores, these numbers in fact add up to a grave problem for PresidentBarack Obama.
They are the quarterly percentage gains in gross domestic...
| Sep 29, 2011
| 5:45 AM
It's unfortunate that an economist such as Peter Morici ("Yes, Social Security is a Ponzi scheme," Sept. 22) would take a partisan political position on Social Security and spread needless alarm about its future by baselessly calling it a Ponzi scheme....
| Jun 9, 2011
| 7:45 AM
It is time to dispel a few myths. First, we are not overtaxed but under-taxed. Federal personal and corporate tax receipts expressed as a percentage of gross domestic product are at 14.1 percent, the lowest rate since 1951.
The Bush tax cuts have been in...
| Jun 9, 2011
| 12:15 PM
The United States wastes about $3,000 per person annually in health care spending — nearly $1 trillion a year. That's bad enough. Even more disturbing is who gets that trillion.
The fact is, we cannot understand politics in the U.S. by watching...
| Jun 13, 2011
| 4:58 AM
Do we have a deficit problem in this country? Yes. Some have suggested we don't have a revenue problem, we have a spending problem. Let's look at it more closely Do we have a spending problem? Yes. Do we have a revenue problem? You betcha.
Some would say...
| Dec 31, 2011
Investors had plenty to keep them jittery in 2011. There were the earthquake and tsunami in Japan, economic woes in Europe, and, here at home, politically tinged fiscal showdowns in Washington over deep government spending cuts.
Still, the stock market...
| Jan 5, 2012
| 1:08 PM
The information age is in full bloom. Rapid developments in technology let us store, retrieve and analyze data — available, literally, at our fingertips — at an unprecedented rate. Academic journals in all disciplines, newspapers, websites and...
| Jan 11, 2012
Meryl Streep's eerie reincarnation of Margaret Thatcher in "The Iron Lady" brings to mind Ms. Thatcher's most famous quip, "There is no such thing as 'society.'" None of the dwindling herd of Republican candidates has quoted her yet, but they might as...
| Jul 22, 2011
| 8:15 AM
For six straight hours on July 19, Maryland Rep. Chris Van Hollen forcefully led the Democratic floor debate against passage of House Resolution 2560 — the "Cut, Cap, and Balance Act." His biggest problem with the legislation was its requirement for...