Many American universities are in financial trouble
My protégé and friend Jeff Denneen was recently featured prominently in The Economist article “The college-cost calamity“. Drawing heavily on Jeff’s work at Bain & Co, the article takes a deep look at the unsustainable cost structures fundamental to America’s … Continue reading
Can U.S. government grow sustainable jobs? Yes
Can U.S. government grow sustainable jobs? Yes. Teachers, firefighters and police officers should not be cut. Politicians and pundits have finally gotten the message from the American public — jobs are the No. 1 priority. During the Great Recession and … Continue reading
Georgia’s journey to become global hub
For decades, boosters in Atlanta have touted it as “the next great international city.” Metro Atlanta has made significant strides, but anyone who has been to New York, London or Paris knows that substantial work lies ahead. But there is … Continue reading
Economic forecast is promising
Parched Georgians are looking to the sky for signs of rain. Sadly, it is the U.S. economy, rather than the sky, that threatens stormy weather. In barren economic times, is there a ray of light leading the way? Given the … Continue reading
How to prepare for job growth
The job market, while slowly improving, is clearly still painful. It could take five years to return to ruddy health. However, two sectors stand out and Atlanta is positioned to benefit from them. The education industry is expanding. The baby … Continue reading
Franchising could be job growth fuel
In real estate, the key factors are “location, location, location.” In discussions about the national, state and local economy, the focus now is “jobs, jobs, jobs.” As we look for ways to shift the recovery into higher gear, lawmakers, regulators … Continue reading
Georgia needs to work emerging markets
Despite clear areas of weakness, I join most other economists in Georgia in believing that we are in an economic recovery, albeit a painfully slow one. Local economies are slowly turning upward. The flow of productive deals around the state … Continue reading
A Critique of Krugman’s Debt
Many of you are familiar with Paul Krugman, the Princeton professor and NYT columnist. Krugman won the Nobel prize, and taught me, so I usually don’t criticize my Professors. However, I believe he is wrong in the item from his … Continue reading
Georgia’s export surge bolsters Obama’s trade initiative
The Obama administration unveiled plans Thursday to double U.S. exports within five years with the goal of creating 2 million jobs. Georgia, though, got the jump on Washington. After nearly two years of economic decline, the state’s ports recently notched … Continue reading