Considering the costs of labor, office rents, electricity and taxes, Philadelphia costs are not much higher than in the typical American city. D.C.'s cost structure is about 20 percent higher. New York's? A whopping more than 60 percent higher.
Statistics on the costs of poor infrastructure - delays in air travel, collapsed bridges, leaking levees, faulty or no internet connections, and water-main breaks - are daunting.
Whatever you think of the president, we all need to hope that he quickly comes to terms with Congress and signs legislation on both matters. They must be done by the end of September, or economic chaos will ensue.
Doing a "big number"on the law would be a big mistake. Though some of its many moving parts work better than others, on the whole it has put our financial system on much sounder ground.
The VIX - officially, the Chicago Board Options Exchange Volatility Index - indicates that investors have never been as sanguine about the stocks they own as they are right now.
The rhetoric surrounding the presidential election has turned very dark but hasn't had meaningful impact on the economy, at least not yet.
Our economy is getting its groove back. The dark shadow of the Great Recession that hit more than eight years ago is finally fading. Whether the good economic trends continue depends on who is the next president.
Here's a feel-good economic story. It's still being written, and it won't have a storybook ending, but given that it involves Washington, we should be thrilled it doesn't end in tragedy.
Economists are gnashing their teeth over much of the back-and-forth about global trade in the presidential campaign. Mostly, the candidates are dissing the potential trade deal between the U.S. and other Pacific-rim nations, known as the Trans-Pacific Partnership (TPP), and global trade in general.
The global immigration crisis is staggering. Waves of desperate people are flooding into Europe from shattered countries in the Middle East and Africa. Droves of Latin Americans fleeing crime and poverty are showing up at our border.