The 2014 Social Security Trustees Report says that after we deplete the remains of the program’s trust funds in 2033, payroll taxes will not provide all promised benefits.
The Spillover from Refrigerators in China
The spread of refrigeration in China has positive and negative externalities that relate to household diets, greenhouse gases and transport and home waste.
Argentina's (Long) Default History
With Argentina again defaulting on her sovereign debt, she is violating the sanctity of contracts and lessened her borrowing ability at home and globally.
Greece Again?
With more austerity resistance to government spending cutbacks, Greece could again be heading for a sovereign debt default and a bailout.
Why the GDP is Much More Than a Number
Seemingly just a statistic, how we calculate the GDP and how it is used can be controversial and affect the lives of millions of people.
Three "Tear-Water" Graphs
The U.S. has had an economic recovery from the Great Recession with sluggish GDP growth, a worrisome output gap and slowly diminishing unemployment.
Chart of the Week: To Which Job Will Your College Major Take You?
Our Sunday chart of the week Just some human capital facts today… Showing the proportion of people from a college major that go to a certain kind of job, the following graphics connect college majors with employment groups. The original interactive graphics…
The Difference Between India's Stories and Statistics
There is a village in Southern India called Kadapakkam. It had been a home to farmers and fishermen whose thatched huts had no running water and no electrical appliances. At traditional tea shops located at the side of the local, narrow and potholed road, you could meet a friend. One 62…
Celebrating Economic Independence
Yes, the United States declared independence from Great Britain on July 4, 1776 and won the American Revolutionary War. But still, we were not truly independent. George Washington’s Secretary of the Treasury Alexander Hamilton knew that true independence required a vibrant economy. He had…
Six Facts About Australia From The "World Cup of Everything Else"
In a long list of categories that they called, “The World Cup of Everything Else,” WSJ created brackets from the 32 World Cup teams and determined the winners. In 6 areas, Australia was #1 or #2: For life expectancy, Australia comes in…