United States

Mitt Romney may not be a tax evader, but he certainly is a tax avoider on a grand scale. And the problem is not just Romney; writ large, his level of tax avoidance makes it difficult to finance the public...

Regardless of who wins the upcoming U.S. presidential elections, the next American president will only have limited room for manoeuvre on economic policy. The real choice as such should concern the social policies that accompany a broadly similar set of...

America has typically relied on its domestic market for economic growth, with consumer spending accounting for some 70 percent of annual GDP growth. Given the strong likelihood that US consumers will remain weak for years to come, America’s growth agenda...

Though many optimists now believe that a combination of lower oil prices, rising auto sales, recovering house prices, and a resurgence of U.S. manufacturing can refuel America’s economic recovery, the reality is the opposite: For five key reasons, the U.S.’s...

With US unemployment still above 8 percent, jobs have become a major focus in the presidential campaign. But, while President Barack Obama’s proposals are convincing, none of Mitt Romney’s would do much in the near term – and some could...

The U.S.’s recovery from the 2008 financial crisis has led to widespread hope that America has the capacity to stay the course and provide a backstop for the rest of the world in the midst of the euro crisis. But...

Growing inequality in the U.S. is not only killing the economy, but it threatens to undermine the nation’s values and identity. America today can no longer regard itself as the land of opportunity that it once was, with equality of...

Though six factors now suggest that US economy is slowly and steadily healing, a lot more needs to happen – indeed, urgently – to restore America's traditional vigour and vitality. NEWPORT BEACH – Six internal factors suggest that the United...

The US Defense Department consumes more energy than any other department or sector in the country, spending around $20 billion annually by some estimates; but ambitious plans to make it the nation's green leader have been swept under the rug...

Ben Bernanke is a marked man. Ever since he was appointed as the Chairman of the U.S. Federal Reserve in 2006, Bernanke has been a constant target for criticism – with some progressive economists now blaming him for not doing...

Having reduced the risk of a relapse into recession, the US economy is now able to move on its own power, albeit gingerly. Consequently, the question on most people’s minds today is whether the US economy is ready not just...

Recent  favourable macroeconomic data has suggested that the US economy could be back on track. But the recent uplift in the economy only hides more fundamental problems, and the US still remains in the early stages of a deleveraging cycle....

An economy is simply an accumulation of transactions involving goods and services, mostly carried out by business enterprises. Their behaviour is what matters, and this can be adequately perceived only on the ground, where the behaviour occurs – where an...

The events of September 11 2001 forever altered the course of human history. Till today, Americans continue to bear the bulk of the cost for the tragedy – both economically and socially. However in the aftermath of 9/11, it has...

A competitive and productive economy, the US Economy is apparently largest in the world. It is a capitalist economy, which registered a 2.1% GDP growth rate in the 2nd quarter of 2008. Services form the major sectors of the US...