Economy

Policy: Economy

France's Thomas Piketty could be the Left's version of anti-debt Carmen Reinhart-Kenneth Rogoff

By Joseph Lawler | 04/16/14 08:28 AM

Thomas Piketty is worried that advanced countries like the United States are headed toward a future in which the wealthy grow ever richer while economic growth stagnates, and he believes that something must be done to prevent this “patrimonial capitalism” from taking hold.
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US home building up in March after frigid winter

By PAUL WISEMAN | 04/16/14 09:31 AM

WASHINGTON (AP) — U.S home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction. Builders started work on 946,000 homes at a seasonally adjusted annual rate in...
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Stocks end higher, extending a modest rally

04/15/14 04:15 PM

NEW YORK (AP) — Stocks managed to close with modest gains on Wall Street after a day of up-and-down trading. Coca-Cola rose 4 percent after reporting higher sales of non-carbonated beverages. Johnson & Johnson rose 2 percent after its income rose. Toll Brothers and other homebuilders fell...
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