An Update on the American Economic Recovery

Financial expert Mohamed El-Erian says the American economic recovery is underway but still too fragile to sustain rapid growth. Educating workers will be a key source of growth. 

What's the Latest Development?

Several signs indicate the American economic recovery is underway: monthly employment gains, an uptick in manufacturing supported by an export surge, a housing sector that seems to have reached bottom, easier access to consumer credit, and businesses are beginning to spend their massive cash buildups taken as a precautionary measure against further decline. Yet substantial structural limitations remain, says finance expert Mohamed A. El-Erian. Investment in infrastructure and education will prove crucial in the coming years to lock in the emerging recovery. 

What's the Big Idea?

A solution to America's budget crisis must also be found. An economic recovery is the best way to generate the tax revenue needed to pay down the bills, incurred through profligate spending and a massive economic rescue package. And while external concerns persist, such as Europe's sovereign debt crisis and the political standoff with Iran (which controls the sea route through which 20% of the world's oil flows), America remains by far the world's largest economy and the anchor of the international monetary system. Depending on how the recovery goes, that could be good news or bad. 

Photo credit:

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

Dead – yes, dead – tardigrade found beneath Antarctica

A completely unexpected discovery beneath the ice.

(Goldstein Lab/Wkikpedia/Tigerspaws/Big Think)
Surprising Science
  • Scientists find remains of a tardigrade and crustaceans in a deep, frozen Antarctic lake.
  • The creatures' origin is unknown, and further study is ongoing.
  • Biology speaks up about Antarctica's history.
Keep reading Show less

This 1997 Jeff Bezos interview proves he saw the future coming

Jeff Bezos, the founder of, explains his plan for success.

Technology & Innovation
  • Jeff Bezos had a clear vision for from the start.
  • He was inspired by a statistic he learned while working at a hedge fund: In the '90s, web usage was growing at 2,300% a year.
  • Bezos explains why books, in particular, make for a perfect item to sell on the internet.
Keep reading Show less

Why are women more religious than men? Because men are more willing to take risks.

It's one factor that can help explain the religiosity gap.

Photo credit: Alina Strong on Unsplash
Culture & Religion
  • Sociologists have long observed a gap between the religiosity of men and women.
  • A recent study used data from several national surveys to compare religiosity, risk-taking preferences and demographic information among more than 20,000 American adolescents.
  • The results suggest that risk-taking preferences might partly explain the gender differences in religiosity.
Keep reading Show less