When it comes to median household income, tech powerhouses, especially in California, and suburbs of Washington, D.C., tend to dominate the top lists. Among cities with more than 65,000 population, Palo Alto ranked No. 1 in 2015 (latest data) at almost $148,000. Half of households in Palo Alto had higher income [continue reading . . . ]
It’s winter outside — cold, snowy, wet. But when it comes to the economy, especially as measured by employment growth, there’s a heat wave on the West Coast (aka the Left Coast). Washington and Oregon, in particular, are mucho caliente. Employment in the services-providing sectors grew faster in the Evergreen [continue reading . . . ]
I can think of no more fascinating global political subject these days than China. So many things make it extraordinary. For starters, China’s one-child policy means that China will grow old before it grows rich. Cheap labor made China the world’s “manu-factory”. But the shrinkage of China’s working-age population has [continue reading . . . ]
The global economy is likely to grow at between 3% and 4% in 2017 adjusted for inflation and differences in exchange rates. Emerging economies, led by Asia, are likely again to outgrow advanced economies (the U.S., Europe, Japan). That’s the word from one of the world’s most respected and widely followed [continue reading . . . ]