In The News

Housing prices are dropping around the globe like dominoes – and some analysts fear an extended downturn could result in economic collapse. Countries and regions with the highest prices, including Ireland and other European nations, have the most to lose, reports Mark Landler in the New York Times. Residential investment accounts for 4 percent of the US economy versus 12 percent of the Irish...

The debate over globalization’s effects on the US economy has become a focal point of the presidential campaign. Outsourcing jobs is a major concern of voters, and with good reason. In Michigan alone, as New York Times’ writer Peter Goodman notes, more than 300,000 manufacturing jobs have been lost to foreign competition during the last eight years. Yet globalization encourages foreign investment...

In 1798, economist Thomas Malthus predicted that population growth could lead to declining resources and catastrophe. The global population was then less than a billion, and critics dismissed his concerns. Now, the human population has grown more than sixfold, and is estimated to reach 9 billion in less than 50 years. Shortages of basic resources, including oil, food and water are not uncommon in...