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Economy
Presented By
The Fed’s Obsession with Phantom Inflation Might Destroy a Strong Economy
By Jeffrey Sonnenfeld , Jeremy Siegel and Barry Sternlicht
How to Boost Climate-Friendly Habits, According to Science
By Alejandro de la Garza
If Banks Want More Deposit Insurance, They Should Pay for It
By Chris Hughes
Banks Are Going to Cause a Recession Again
By Alana Semuels
More in
Economy
What Bank Sector Turmoil Means for the Economy
Economists caution against comparing recent bank failures to the financial crisis of 2008.
By Simmone Shah
March 21, 2023
Will Americans End Up Footing the Bill for Bank Failures?
The government's response to the failure of two large banks has already involved hundreds of billions of dollars.
By Christopher Rugaber / AP
March 17, 2023
Yellen to Tell Congress the U.S. Banking System 'Remains Sound'
Treasury Secretary Janet Yellen is set to tell the Senate Finance Committee that the nation's banking system “remains sound.”
By FATIMA HUSSEIN / AP
March 16, 2023
Washington Wants SVB's Collapse to Be Simple
Most voters understand that those offering an easy explanation to something as complex as a banking crisis are playing a partisan blame game, one they risks prompting more bank runs.
By Philip Elliott
March 15, 2023
Maybe Americans Don’t Mind High Prices Anymore
As inflation keeps rising, economists and companies wonder if U.S. shoppers have become less price-conscious.
By Alana Semuels
March 14, 2023
GOP Aims for Tea Party-Style Anger Over SVB
Republicans pounced on Biden’s efforts to shore up Silicon Valley Bank's depositors, calling it a “woke” bailout for elites. “Woke! It’s all woke,” joked a Democrat in response
By Mini Racker
March 13, 2023
All This Economic Good News is Just Confusing
The latest U.S. jobs report shows that the economy gained 311,000 jobs in February. But analysts are conflicted on whether that's a good thing.
By Alana Semuels
March 10, 2023
The New American Dream and the Myth of Self-Sufficiency
Relentless individualism has been part of America's ethos. Not anymore, writes Alissa Quart.
By Alissa Quart
March 10, 2023
The Pay Gap for Single Women Is Getting Worse
Never-married women's weekly earnings are 92.1% of what men who have never married make.
By Ella Ceron / Bloomberg
March 8, 2023
Texas Considers ESG Insurance Ban
Over the past year, the backlash to ESG investing has swept up red states. As the saying goes, it’s bigger in Texas.
By Justin Worland
March 1, 2023
The True Cost of the "Free" Market Was Exposed by the Pandemic and Climate Change
From the COVID-19 pandemic to climate change, the high costs of letting the free market run rampant are becoming clear
By Naomi Oreskes and Erik Conway
February 28, 2023
The U.S. Economy Is Doing Too Well
The most recent U.S. inflation numbers show a strong economy—but signal a bad situation for Americans who aren't rich.
By Alana Semuels
February 24, 2023
Laying Off Workers Is Not the Answer to Inflation
Tempering inflation should not be done on the backs of workers, write Katherine S. Newman and Elisabeth Jacobs.
By Katherine S. Newman & Elisabeth Jacobs
February 22, 2023
Empathetic Employers Were a Pandemic Blip
Why DEI initiatives, remote work, mental health days, and other work benefits from 2020 are disappearing.
By Alana Semuels
February 21, 2023
Price of Eggs Skyrockets 13% in a Single Month
Grocery prices rose 11.3% since January 2022, even as food inflation is starting to slow.
By Nik Popli
February 14, 2023
Why the Fed Wants to Make It Harder to Get a Job
Most estimates say that unemployment will have to reach as high as 7.5% to get inflation down to the Fed’s target of 2%.
By Nik Popli
February 8, 2023
The Biggest Company Layoffs in 2023
Meta joins a growing number of companies to cut jobs in 2023
By Armani Syed
January 20, 2023
What the U.S. Hitting the Debt Ceiling Means for You
The U.S. hit its debt ceiling of $31.4 trillion. Treasury Secretary Janet Yellen has said she doesn’t anticipate Americans will feel the effects before June—but there could be some consequences.
By Anisha Kohli
January 19, 2023
AI Isn’t to Blame for Tech Layoffs
Despite long-standing fears of artificial intelligence replacing human jobs
By Andrew R. Chow
January 19, 2023
Why the Debt Ceiling Matters
Congress is not authorizing new spending when it votes to raise the debt ceiling. Failing to raise it could send the global economy into a tailspin.
By Mini Racker
January 17, 2023
In Debt Ceiling Fight, McCarthy May Blink
The new Speaker can either work with Democrats, defying the Freedom Caucus, or risk sending the world economy into a tailspin.
By Philip Elliott
January 17, 2023
Blame the Airlines for American Inequality
After deregulation in 1978, airlines abandoned small cities at the expense of big hubs. That's had major economic implications.
By Alana Semuels
January 17, 2023
WTO and IMF Heads Urge Cooperation in Davos
Ngozi Okonjo-Iweala, Kristalina Georgieva and Will.i.am spoke at the TIME 100 dinner in Davos
By Yasmeen Serhan
January 16, 2023
How We Can Make Martin Luther King Jr.’s Dream of Ending Poverty A Reality
"Guaranteed income is an effective tool to offset rising costs for those who can least afford it," writes Michael Tubbs
By Michael Tubbs
January 16, 2023
Working Together Keeps Saving the World
The IMF’s Kristalina Georgieva urges us to confront geopolitical fragmentation.
By Kristalina Georgieva
January 12, 2023
Food Price Inflation at a Record High in U.K.
“It’s unlikely there will be any improvement in the consumer mindset around personal finances in the near term,” says one analyst.
By Katie Linsell / Bloomberg
January 4, 2023
4 New Year’s Resolutions for the World
Here’s how the world is resolving to tackle political upheavals, energy shortages, and high costs of living in the new year.
By Astha Rajvanshi
December 29, 2022
2022: A Year In Review
Following years of uncertainty—and a global pandemic that has proven to be one of the most challenging events in history—we forged on, prepared to tackle what lay ahead. And as we continued to extract the possible from the impossible, this year taught us, above all, that our voices—no matter how big or small can change the world.
By Jenna Caldwell and Andrew D. Johnson
December 21, 2022
When Will Interest Rates Stop Rising? Now Would Be Good
Today the principal risk is not that the Federal Reserve has done too little but that it will go too far
By J. Bradford Delong
December 20, 2022
Holiday Shoppers Are Cutting Back. And That’s a Bad Sign For the Economy
Holiday shoppers are sending a message to retailers: Lower your prices.
By Nik Popli
December 15, 2022
2023 Will Be a Year of Worker Strikes
Labor conflicts will affect everything you do in 2023, from Amazon orders to your favorite Netflix show.
By Alana Semuels
December 13, 2022
How to Prepare for a Recession
Here are five steps that financial experts recommend to prepare for a recession.
By Anna-Louise Jackson
December 10, 2022
Too Hot to Build
Mega construction projects like Qatar's $6.5 billion World Cup build-out may not be possible in our climate future
By Aryn Baker
November 23, 2022
Britain Is Embracing Austerity 2.0
Finance minister Jeremy Hunt announced billions in spending cuts and tax rises on Thursday.
By Yasmeen Serhan/London
November 17, 2022
Senators Demand Answers on Sugar Merger
Senators Elizabeth Warren and Cory Booker want to know how a USDA sugar analyst helped pave the way for a merger the Biden administration was trying to stop.
By Eric Cortellessa
November 15, 2022
The Cure for Inflation Means More Pain for Renters
The rising cost of housing is helping to drive inflation, but raising interest rates is exacerbating that problem
By Alana Semuels
November 10, 2022
These Startups Want to Be the ‘Amazon of Weed’
The legal marijuana industry in the U.S. could be wildly profitable, although startups face complex regulations.
By Nik Popli
November 9, 2022
The Best Paid Remote Jobs and How to Get Them
Here are some of the best-paid fully-remote jobs in the U.S. and how to get them
By Armani Syed
November 4, 2022
How Raising Interest Rates Helps Fight Inflation
Why Fed Chair Jerome Powell just raised interest rates, again.
By Nik Popli
November 2, 2022
What to Know About Biden's Crackdown on 'Junk' Fees
Banks, airlines, cable companies, and more could be stopped from charging certain extra fees
By Megan McCluskey
October 31, 2022
Fact Checking Politicians' Inflation Claims
As Election Day nears, both Republicans and Democrats are talking more about inflation, and placing the blame for it on their opponents.
By Alana Semuels
October 31, 2022
Think the Energy Crisis Is Bad? Wait Until Next Winter
Europe and the world will make it through this winter but next winter is shaping up to be an energy emergency without any good solutions
By Suriya Jayanti
October 31, 2022
The Global War for Young Talent Will Shape the Future
Successful countries in the future will be distinguished by one thing: Importing young people
By Parag Khanna
October 24, 2022
Booker Prize Winner Shehan Karunatilaka on Literature and Sri Lanka's Ongoing Crises
TIME speaks with the Sri Lankan author after he won the prestigious Booker Prize on Monday.
By Armani Syed
October 19, 2022
America Needs More Men Working in Health Care and Education
The gender desegregation of the labor market has so far been almost entirely one-way. That needs to change
By Richard V. Reeves
October 19, 2022
Forecast for U.S. Recession Rise
Inflation and expectations of the Fed pressing ahead with rate hikes are raising the risk of a contraction.
By Josh Wingrove / Bloomberg
October 17, 2022
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