Jeanina Jenkins, a 20-year-old high- school graduate from St. Louis, is stuck in a $7.82-an-hour part-time job at McDonald’s Corp. that she calls a “last resort” because nobody would offer her anything better.
Kenyan President Uhuru Kenyatta is struggling to meet economic growth targets a year after his election victory as he focuses on fighting charges from the International Criminal Court that link him to violence that left more than 1,100 people dead after a 2007 vote.
U.S. President Barack Obama’s budget will propose tax cuts for low-income families, a retirement savings plan and ask Congress to make permanent certain tax breaks to offset the cost of higher education.
At least 92 U.S. anti-poverty programs that cost a combined $799 billion in the 2012 fiscal year form a “complex web” that often contributes to keeping people poor, according to a report from the House Budget Committee.
Paul Krugman, a Nobel-prize winning economist who has used his New York Times column to champion greater government action to stimulate growth and create jobs, is leaving Princeton University for the City University of New York.
City University of New York, which graduated 12 Nobel laureates between 1930 and 1950, is making a bid to return to the spotlight by hiring Princeton University economist and New York Times columnist Paul Krugman.
Economists at the International Monetary Fund, the global lender criticized for its fiscal austerity prescriptions, defended policies aimed at reducing income inequality in a study that showed they strengthen growth.