The collapse in crude oil prices does not bode well for Texas and North Dakota, the two key producers of shale oil. These states have experienced a surge in oil production since 2008 and are now...

The latest NFIB and JOLT surveys point to further strong job gains and a pick-up in wage growth.

The weakness of wage growth is partly due to the near-stagnation in productivity. Unfortunately, the news last week that non-farm productivity was unchanged over 2014 as a whole, suggests there is...

The funds raised by President Obama’s proposals to tax foreign earnings could, in theory, provide a 1.5% boost to GDP. Despite tax reform being a shared goal of both parties, however, there is no...