As bad as things are -- especially for the poor, the young, the unemployed, and other vulnerable segments of the economy -- things need to get worse to overcome the enormous active inertia that is now embedded in the political systems and institutions.
By Mohamed El-Erian
FORTUNE -- In Happy Feet, one of my 9-year-old daughter's favorite movies a few years ago, a young penguin (Mumble) takes on the colony's wise MOREMay 13, 2013 9:04 AM ET
Don't believe the Heritage Foundation's $6.3 trillion assumption.
FORTUNE -- As U.S. lawmakers debate a Senate bill this week on far-reaching immigration legislation, it feels a little like 2007 all over again.
That was the last time Washington took up the biggest changes in America's immigration laws in more than 20 years. Negotiations quickly broke down, however, as lawmakers were deeply split on the Senate bill offering legal status to millions of MORENin-Hai Tseng, Writer - May 8, 2013 12:20 PM ET
Friday's virtuous news cycle needs to continue if the U.S. economy is to overcome headwinds from Congressional dysfunction and Europe's malaise.
By Mohamed El-Erian
FORTUNE -- Most newscasts led their Friday evening shows with the record highs for the stock market and a monthly jobs report that exceeded expectations. Both bits of good news speak to an economy that continues to heal gradually. The question now, and it is an important MOREMay 6, 2013 6:45 AM ET
Buffett is worried about health care costs, not banks.
FORTUNE -- At Berkshire Hathaway's (BRKA) annual meeting on Saturday, Warren Buffett fielded questions from investors, journalists, analysts and, for the first time, invited onto the stage one investor, Doug Kass, who is betting against Berkshire's stocks. ("You haven't convinced us yet to sell our stock, but keep working," said Buffett in response to one question.) The questions ranged from those MOREStephen Gandel, senior editor - May 4, 2013 5:07 PM ET
It was a stronger-than-expected jobs report, but we're still a long way from the Federal Reserve's key target of 6.5% or lower.
FORTUNE – If the U.S. Federal Reserve's remarks earlier this week seemed at all vague, today's jobs report should give us a clearer picture of what the central bank might do next to boost the economy.
U.S. businesses added 165,000 jobs in April. Stocks soared and Wall Street cheered, as MORENin-Hai Tseng, Writer - May 3, 2013 11:25 AM ET
The most recent jobs report is vindication for the Federal Reserve's caution and its bond-buying spree. But those policies aren't helping those who have been out of a job the longest.
FORTUNE – If anyone is baffled by why the Federal Reserve hasn't shut off its money spigot, even as the U.S. economy seems brighter, take a look at today's report on the state of the jobs market. It underscores the MORENin-Hai Tseng, Writer - Apr 5, 2013 10:52 AM ET
Critics of Obama's minimum wage hike say it will make it harder for employers to hire. Not too long ago, some of the biggest employers actually supported higher wages.
FORTUNE – In Tuesday's State of the Union address, President Obama promised (again) to raise the federal minimum wage to $9 from $7.25, which would boost pay for the nation's cashiers, janitors, and other low-wage workers.
Judging by failed efforts in the past, MORENin-Hai Tseng, Writer - Feb 14, 2013 11:06 AM ET
The president didn't offer much comfort to the manager and owners of American businesses who complain that high tax rates, strangling regulation, and health care reform are thwarting investment in American jobs.Feb 13, 2013 10:25 AM ET
Who's going to feel the biggest squeeze? Though they get plenty of attention, it's not the wealthy or the middle class.Feb 7, 2013 9:24 AM ET
It's easy to predict gloom and doom for the U.S. economy. But strong growth and job recovery are no pie-in-the-sky fantasies.
By Geoff Colvin, senior editor-at-large
FORTUNE -- In your sleep you can name 10 reasons 2013 will be lousy for business and the economy. So can I. But analyzing only the downside is a bad habit; missing a boom is at least as dangerous as missing a bust. So let's MOREJan 18, 2013 5:00 AM ET
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