From chief economics correspondent Chris Farrell Ugh. (That’s a highly technical economic term). The U.S. economy expanded at a muted pace during the second quarter of the 2010. Government statisticians calculate that the economy expanded at a mere 2.4 percent annual rate. They also figured that the recession–the deepest and longest since the 1930s–was even Read more

From chief economics correspondent Chris Farrell After a long fight Congress recently extended unemployment benefits for the long-term unemployed. Nevertheless, the debate exposed a fascinating discussion in economics. It also highlighted the need to avoid simplistic economic concepts. The economic argument against extending the nation’s unemployment benefits is simple: Increasing the length of unemployment benefits Read more