Author: growthrate

Economic news is important both in its own right, and in how it shapes the terms of political debate.  That’s especially true now, when the news seems to be pointing in both directions at the same time.  To...

A new chapter in the erosion of American workers’ pension benefits opened today, as Northwest Airlines Corporation’s 5000 pilots voluntarily approved a freeze on their defined benefit pension plan, and its...

The past couple of years have seen an accelerating trend away from traditional, defined benefit pension plans for American workers.  The trend is away from fixed retirement benefits, paid over a retiree’s lifetime, to...

As his trial on charges of fraud and conspiracy in Enron’s collapse approaches, Enron founder and ex-CEO Ken Lay has taken the unusual step of going public with his protestations of innocence.  In a speech before 500...

I don’t know about you, but I’ve reached the point that when President Bush appears on TV, I just turn it off.  There’s no point in listening, because what he says has lost what little connection it ever...