Articles

Find out the truth about the reality of economic situation in the USA

Find out the truth about the reality of economic situation in the USA.

The indicators of GDP and unemployment confirm the view that the times are good. They say the American economic policy is healthy, and the status quo is working. But there is a different picture. Looking at the homeless people gathered by the Federal Reserve building in Washington. Or when you visit, for example, York, Pennsylvania, where wages have stalled, and the factories have closed.

In fact, most Americans actually are poorer now than they were before.

How financial mismanagement led Chicago to the financial bottom

How financial mismanagement led Chicago to the financial bottom

Chicago and New York are at the bottom of a new financial stability analysis, based primarily on data from the 2015 financial statements. This analysis was produced by the cities themselves and includes 116 U.S. cities with a population of over 200,000 people. Chicago's position at the bottom of the ranking is not surprising. The windy city has become an example of financial mismanagement.  Chicago is famous for its underfunded pension plans. And this is not counting the presence of thin reserves and large amounts of outstanding debt.