Edmund Phelps proved that keeping jobs high forever isn’t possible without causing big problems later. He showed that trying to push unemployment too low usually just makes prices rise higher instead. This idea became a key rule for central banks worldwide. Phelps also proved that people’s expectati
Bitcoin just crashed below $78, 000 after weeks of high hopes for a new US crypto law. Instead of cheering the progress, traders watched $80 billion vanish in hours. Nearly a billion dollars in bets got wiped out when prices dropped fast. But the real damage came from inside the market - too many pe
In Louisiana, a recent legal opinion opened the door for a unique way to fund neighborhood growth. The state’s top lawyer looked at a plan in Monroe where sales tax money collected near a busy highway could support new homes a short distance away. The area isn’t officially classified as a business h
The city has cut its homicide and shooting rates by nearly sixty percent since 2021, reaching the safest levels seen in half a century. Yet that safety must be matched with fresh economic growth if families are to thrive and the city to move forward. The first hurdle is avoiding political moves t
Leaders from seven major economies meet in Paris this week to talk about why global money isn’t flowing fairly. The two-day chat starts after a flashy meeting between the U. S. and China wrapped up with more handshakes than real deals. Trade fights and raw material grabber are still stealing the sho
While most eyes were on the Middle East, a small South American country quietly became a hotspot for global powers. Guyana sits on massive oil reserves found in the last ten years, making it a key player in today’s energy crisis. But oil isn’t the only resource drawing attention—bauxite, a mineral u
Money decisions often trip people up—not because they lack options, but because human brains naturally lean toward shortcuts that backfire. Picture walking into a store convinced today’s sale is the deal of the century, yet five minutes later, the same product is 20% cheaper elsewhere—your brain sti
High gas prices are hitting rural Colorado hard. Amy Van Duyn, who works at Stubs liquor store in Wiggins, now pays 50% more to fill up than she did when Trump returned to office. She used to spend $36 for a full tank. Now, that money buys barely half. Her coworker Tonyah Bruyette feels the pinch to
Portland still brags about being a city where art and small businesses thrive. But the places that once made it special are disappearing—not all at once, but one by one, like ice melting in spring. Rents are skyrocketing, forcing artists, writers, and shop owners to work extra jobs just to scrape by
The article starts by pointing out that chasing endless economic growth is not a solution for the planet’s limits. A United Nations report, led by António Guterres, calls for new measures that look beyond GDP. It suggests 31 indicators—many tied to the UN’s Sustainable Development Goals—to capture h
