The recently passed tax bill included a sizable tax break for many American corporations, slashed from 35 percent to 21 percent. While the tax cuts have increased cash flow for businesses, they also raise questions about the power of corporations in Washington through lobbying, campaign finance and political mobilization.
Many argue the Great Recession could have been ameliorated through strategic policies, but the government ignored warning signs of coming economic distress. Instead, increased borrowing incited a financial and real estate boom, which resulted in a bubble that eventually burst.
According to data recently released by the Federal Reserve, the amount of outstanding debt that Americans hold — often in the form of credit card debt — hit a new high at $1.021 trillion in June 2017, topping the...
President Donald Trump announced an outline of his new tax plan this week, proposing sharp reductions in individual and business income tax rates and a new tax code that could significantly benefit the wealthy.
The Federal Reserve raised interest rates from record lows on Dec. 16, beginning what many expect to be a period of further increases.
While producing the annual Journal of Public and International Affairs (JPIA) is no small task, a review of this year’s 26th edition clearly reveals a publication worthy of the time and effort involved.
Suffocating from colossal debt, Greece has until the end of July 9 to secure a third bailout from creditors. Otherwise, the country may consider a swift exit from the eurozone, a move that could significantly damage the global community.
Historically, Englewood and Garfield Park are two of the poorest neighborhoods in Chicago. Yet, between 2002 and 2005, these neighborhoods experienced remarkable growth in terms of home purchases, but it wasn’t because these neighborhoods had suddenly turned a corner.