Money
Just Put Me in the Wheelbarrow
Diane Girard writes: Unlike the members of a certain famous rock group who think they are young rebels but look like the permanently undead; I don’t believe that seventy-something is the new forty. At age sixty-nine, I know that I’m almost seventy. My body knows it too and it reminds me every morning. When it complains, I know for sure that I’m still in this world. However, I won’t always be here and those dread-filled ads keep reminding me of that. So, how to deal with the facts of death? more »
A Bank's Reputation, Trusted or Tarnished?
Fed Governor Sarah Bloom Raskin: "Many of the darkest manifestations of the financial crisis have finally begun to diminish: the boarded-up homes with overgrown lawns, the half-built skyscrapers, the 'We Buy Houses Cheap' signs planted at exit ramps, the eviction notices nailed to front doors. But even as the economy comes back to life, our memory of these events is still sharp and the reputational damage suffered by US financial institutions during the crisis endures." more »
Encountering Unusual Headwinds: Fed Reserve Vice Chair Yellen Explains the Painfully Slow Recovery for America's Workers
Fed Reserve Vice Chair Janet L. Yellen: As an objective of public policy, maximum employment doesn't appear in the US Constitution, in any presidential decree, or even in the mission statement of the Labor Department... the Federal Reserve is the only agency assigned the job of pursuing maximum employment. The gulf between maximum employment and the very difficult conditions workers face today helps explain the urgency behind the Federal Reserve's ongoing efforts to strengthen the recovery. more »
Can Women Save Japan? Needed more career positions & better support for working mothers. Sound familiar?
Raising womens' participation could provide an important boost to growth, but they face two hurdles in participating in the workforce in Japan. First, few working women start out in career-track positions, and second, many women drop out of the workforce following childbirth.
Summary: Japan's potential growth rate is steadily falling with the aging of its population. This paper explores the extent to which raising female labor participation can help slow this t… more »