In the face of persistently high unemployment, policymakers and workers look to innovation and entrepreneurship to create new jobs. This Backgrounder discusses how entrepreneurs create and finance the startups that power U.S. job growth, and the ramifications of policies such as the JOBS Act.
Julia E. Sweig measures the balance between market and state in a review of David Rothkopf's latest book, Power, Inc.: The Epic Rivalry between Big Business and Government and the Reckoning that Lies Ahead.
Charles Duhigg and Keith Bradsher point out that America does not train enough people in the mid-level skills that factories need, a reason for companies like Apple to rely on outsourcing that helps them generate enough profits and keep investing for innovation rather than solving America's problem of unemployment.
Global markets' reaction to eurozone turbulence and S&P's downgrade of U.S. debt add uncertainty to U.S. foreign policy, raising questions about which goals the country has the means to pursue, says CFR's James M. Lindsay.
With markets rattled by the downgrade of U.S. debt, some experts fear running out of policy tools to prevent another global recession, while others are calling on government and central banks to improve fiscal and monetary policy coordination.
In this research update, Standard & Poor's explains their rationale behind lowering the long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA' and affirming the 'A-1+' short-term rating.
In its 2011 updated analysis of more than 75 countries on the size of their outstanding equity and debt, cross-border capital flows, and the stocks of foreign investment assets and liabilities, MGI finds that the recovery of financial markets remains uneven across geographies and asset classes and significant risks remain.
In an announcement from Moody's Investors Service, sovereign risk officers Steven A. Hess and Bart Oosterveld caution that failure to raise the U.S. statutory debt limit could lead to a downgrade of the U.S. government's credit rating.