John Ydstie http://www.kplu.org en The Merits Of Income Inequality: What's The Right Amount? http://www.kplu.org/post/merits-income-inequality-whats-right-amount Income inequality is a big problem, many economists agree. But they also say some level of inequality is necessary for capitalism to work.<p>Inequality in the U.S. has risen to levels not seen since the 1920s. The top 1 percent pocket more than 20 percent of the nation's income, and the 400 richest people in the country own more wealth than everyone in the bottom 50 percent.<p>That's not healthy for the society or the economy, says Branko Milanovic, an economist at the City University of New York Graduate Center. Sun, 18 May 2014 17:46:47 +0000 John Ydstie 16655 at http://www.kplu.org The Merits Of Income Inequality: What's The Right Amount? Remembering Economist Gary Becker, Who Described 'Marriage Market' http://www.kplu.org/post/remembering-economist-gary-becker-who-described-marriage-market University of Chicago economist Gary Becker died Saturday at the age of 83. He won the Nobel Prize in 1992 for broadening the horizons of economics, using economic analysis to explore social issues like crime, racial discrimination and drug addiction.<p>Becker was a giant in the field of economics, and his pioneering application of economic theory to social questions extended to <a href="http://www.nber.org/chapters/c2970.pdf">the marriage market</a>. Mon, 05 May 2014 21:58:37 +0000 John Ydstie 16410 at http://www.kplu.org Remembering Economist Gary Becker, Who Described 'Marriage Market' Health Care Law Helps Entrepreneurs Quit Their Day Jobs http://www.kplu.org/post/how-health-care-law-could-spur-new-businesses The Affordable Care Act — which many see creating challenges for businesses — could benefit a particular group of business people: entrepreneurs.<p>Joshua Simonson was reluctant to give up his job at a Portland, Ore., area grocery store, New Seasons Market, which he says had provided excellent health care for him and his family. Wed, 12 Mar 2014 21:42:08 +0000 John Ydstie 14780 at http://www.kplu.org Health Care Law Helps Entrepreneurs Quit Their Day Jobs After Overcoming Early Obstacles, Yellen Assumes Fed's Top Job http://www.kplu.org/post/after-overcoming-early-obstacles-yellen-assumes-feds-top-job Ben Bernanke hands over the reins at the Federal Reserve to Janet Yellen on Friday. The Fed's vice chairwoman will be the first female ever to lead the nation's central bank. It's a position many view as the second most powerful in the country.<p>The world of central banking is largely a man's world. But Yellen has been undeterred by such barriers since she was in high school in Brooklyn. Charlie Saydah, a former classmate, says she was probably the smartest kid in the class. Sat, 01 Feb 2014 01:24:32 +0000 John Ydstie 13112 at http://www.kplu.org After Overcoming Early Obstacles, Yellen Assumes Fed's Top Job Romney's Jobs Plan Relies On His Tax Proposal http://www.kplu.org/post/romneys-jobs-plan-relies-his-tax-proposal <em>As part of <a href="http://www.npr.org/series/162089707/solve-this" target="_blank">Solve This</a>, NPR's series on major issues facing the country, we're examining the presidential candidate's approach to boosting employment. After looking at <a href="http://www.npr.org/2012/10/08/162400400/obamas-jobs-plan-focuses-on-federal-investment">President Obama's strategy</a>, it's time to examine the plan of GOP nominee Mitt Romney.</em><p>Mitt Romney says he has a plan with 59 bullet points detailing how to boost growth and job creation. Tue, 09 Oct 2012 12:23:50 +0000 John Ydstie 6643 at http://www.kplu.org Romney's Jobs Plan Relies On His Tax Proposal Critics Say Ryan's Record Belies Tough Deficit Talk http://www.kplu.org/post/critics-say-ryans-record-belies-tough-deficit-talk Paul Ryan has a reputation as a deficit hawk. Mitt Romney's running mate has proposed budgets that cut non-defense spending significantly, and advocated controlling Medicare costs by making it a voucher program. But critics argue there's a lot in the Wisconsin congressman's record that undermines his deficit-hawk reputation.<p>When Ryan gave the GOP response to President Obama's State of the Union address last year, he restated his commitment to debt and deficit reduction.<p>"We face a crushing burden of debt. Sun, 09 Sep 2012 22:27:16 +0000 John Ydstie 6259 at http://www.kplu.org Critics Say Ryan's Record Belies Tough Deficit Talk What's Making Americans Less Thirsty For Gasoline? http://www.kplu.org/post/whats-making-americans-less-hungry-gasoline The price of gasoline keeps rising for Americans, but it's not because of rising demand from consumers.<p>Since the first Arab oil embargo of the 1970s, the U.S. has struggled to quench a growing appetite for oil and gasoline. Now, that trend is changing.<p>"When you look at the U.S. oil market, you see that there's actually no growth," says Daniel Yergin, chairman of IHS Cambridge Energy Research Associates.<p>He says gasoline demand peaked in 2007 and has fallen each year since, even though the economy has begun to recover.<p>"The U.S. Thu, 22 Mar 2012 13:53:18 +0000 John Ydstie 4522 at http://www.kplu.org What's Making Americans Less Thirsty For Gasoline?