The Northeast United States just experienced one of the region's worst natural disasters. Fortunately, because of the confluence of modern computing power and scientific computing methods, weather forecasting models predicted Sandy's very complicated trajectory and development with a precision that would not have been possible even a decade ago.…

June 2009 is seen by many as the end of the Great Recession. Strong growth in GDP following massive monetary and fiscal responses to the collapse in housing and financial markets meant that the economy was on the mend. Yet a year later, 1.1 million "fewer" people are working, and the unemployment rate is stuck at 9.5%. Worse still, more than one…

Over the past decade, policymakers and business leaders across New England have been concerned that the region's slower population growth and loss of residents to other parts of the country will lead to a shortage of skilled labor--particularly when the baby boom generation retires. Prior to the Great Recession, the concern was that an inadequate…

One of New England's greatest assets is its skilled labor force, which has historically been an engine of economic growth in the region. But the skilled labor force of the future is growing more slowly in New England than in the rest of the United States. Since 2000, the population of "recent college graduates"--individuals ages 22 to 27…

Among the little truly predictable, the author suggests three truths. First is the inevitability of recessions. Second is the belief that, in prosperity, these good times will just keep on rolling. Third is the fall. Bubbles will burst, myths shatter, plans unravel and pain sadly borne unjustly by those who didn't have a hand in the decisions that…

Before long, microfinance was, if not a household word, at least a popular term among economists and aid workers denoting a strategy of trying to improve the circumstances of disadvantaged populations by making loans as small as $25 to support microenterprise. At the same time, globalization, diversification and civic engagement were gaining…

When President Barack Obama took office, he pledged to revitalize an economy in the midst of the deepest recession in a generation. Working with Congress, he acted quickly to enact an $878 billion package to stimulate the economy in the American Recovery and Reinvestment Act (ARRA). More than $100 billion of that will be for education, spanning…

In its first hundred days, the Obama administration demonstrated a strong commitment to expanding access to higher education. The economic stimulus package, known as the American Recovery and Reinvestment Act (ARRA), increased funding for the Pell Grant program and over the next two years, the maximum award will grow to $5,550 in 2010-2011--the…