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Steven Pressman

Emeritus Professor of Economics and Finance, Monmouth University

Steven Pressman is Emeritus Professor of Economics and Finance at Monmouth University in West Long Branch, New Jersey. In addition, he serves as Associate Editor of the Review of Political Economy. His main research areas are poverty and income distribution, post-Keynesian macroeconomics, and the history of economic thought. Over the past three decades, Pressman has published more than 170 articles in refereed journals and as book chapters, and has authored or edited 18 books, including Understanding Piketty’s Capital in the 21st Century (Routledge, 2015). A New Guide to Post Keynesian Economics (Routledge, 2001), Alternative Theories of the State (Palgrave Macmillan, 2006), and 50 Major Economists (Routledge, 2013), which has reached its third edition and has been translated into five different languages. He is a frequent contributor to newspapers and regularly appears on TV to discuss economic issues.

Why America has a debt ceiling: 5 questions answered

Jul 24, 2021 05:16 am UTC| Economy

Another big fight is brewing over the U.S. debt ceiling, which is a statutory limit on how much the government can borrow to pay its bills. In an interview, Senate Minority Leader Mitch McConnell said Republicans wont...

The debt ceiling and why we should kill it: 5 questions answered

Jul 21, 2019 12:15 pm UTC| Insights & Views Economy

Editors note: The U.S. government maxed out its national credit card in March and has been moving money around ever since to avoid running out of cash. Very soon the Treasury Department will reach the limits of this...

The US economy likely just entered its longest ever expansion – here's who benefited in 3 charts

Jul 03, 2019 21:07 pm UTC| Insights & Views Economy

The U.S. economy likely surpassed an important milestone last month: Americans are now experiencing the longest economic expansion in the nations history, assuming the data still being collected bears this out. This is...

Stumped by the stock market slump? Start by picturing a used car dealership

Dec 24, 2018 07:54 am UTC| Insights & Views Business

Stocks have been slumping on a variety of concerns, from President Donald Trumps ongoing trade war with China to worries about an economic slowdown and rising interest rates. Given the many factors driving shares up or...

2 economic policies likely to change with Democrats in control of House

Nov 08, 2018 17:23 pm UTC| Insights & Views Economy

Perhaps the biggest surprise in the midterm elections was that, unlike 2016, there wasnt one. Polls and pundits expected Democrats would take control of the House and Republicans would keep the Senate, and thats exactly...

GOP tax plan doubles down on policies that are crushing the middle class

Dec 20, 2017 18:06 pm UTC| Insights & Views Politics

The U.S. middle class has always had a special mystique. It is the heart of the American dream. A decent income and home, doing better than ones parents, and retiring in comfort are all hallmarks of a middle-class...

Poor and middle-income families need a better way than 529s to save for college

May 27, 2017 02:57 am UTC| Insights & Views Economy

A college education is increasingly necessary for success in todays economy. Its also increasingly expensive. Americans with a college degree earn, on average, US$1 million more over the course of their lives than those...

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Economy

Chipotle launches new meat addition to its menu

Chipotle just revealed it is adding a new item to its menu, and this time, it is meat. It was reported that the Mexican grill restaurant chain is finally introducing the smoked brisket menu after the successful food...

Los Angeles Lakers: Korea’s Bibigo becomes the NBA team’s first foreign partner to be featured on jerseys

Los Angeles Lakers and Bibigo inked a multi-year partnership deal worth $100 million. It was announced that the Korean food companys logo will be appearing on the NBA teams jerseys starting in the 2021-2022 basketball game...

Coinbase drops crypto lending program due to SEC's lawsuit threat

Coinbase dropped its plan to launch a lending program after the US Securities and Exchange Commission (SEC) threatened it with a lawsuit The Nasdaq-listed cryptocurrency exchange said that as it continues to seek...

Nike retains top spot among most marketable sports brands for 2021

US sportswear giant Nike has retained the top spot in SportsPros list of the Worlds 50 Most Marketable (50MM) brands, holding off challenges by rival sportswear brand and second-placer Adidas, Emirates, Santander, and Red...

Michael Jordan raises stake, assumes adviser role in sports gambling firm Sportradar

NBA legend Michael Jordan will increase his investment in Sportradar Group AG, the leading global provider of sports betting and entertainment products and services, and will serve as a special adviser to the companys...

Politics

Capitol riots: New video footage reveals insurrectionist frothing at the mouth upon confronting police officer

Hundreds of rioters that have been arrested are awaiting trial or waiting for their sentencing for their involvement in the January 6 insurrection at the Capitol. A newly released bodycam footage showed one insurrectionist...

Capitol riots: Pro-Trump House Republicans form panel to investigate insurrection

House Republicans, especially those who are loyal allies to the twice-impeached former president Donald Trump, have criticized the bipartisan House Committee investigating the Capitol insurrection. The Republicans who have...

Joe Biden: Conservative columnist says Democrats must give POTUS 'a win' in infrastructure deal

The 2022 midterm elections are proving to be the most consequential as it would determine if the Democratic Party maintains the majority of both chambers or loses to the Republicans. A conservative columnist reiterated the...

Nancy Pelosi says House will not vote on spending package higher than the $3.5 trillion proposal

All eyes are on the House to vote on two major proposals that would put forth a big portion of US President Joe Bidens agenda to the public. House Speaker Nancy Pelosi said that the House will not vote on a spending...

Mary Trump says uncle Donald Trump was already unstable even before the election

Following the recent revelations made in the book by Bob Woodward and Robert Costa, one of Donald Trumps most vocal critics has weighed in on some of the assumptions of the former president. Mary Trump, the former...

Science

UK industry group warns CO2 crisis poses a risk of meat shortage

An industry group has warned of carbon dioxide (CO2) shortage in the UK within the week due to a sharp rise in gas prices that could result in meat supply issues. The gas price hie has forced domestic energy suppliers...

S. Korea's POSCO, Hyundai to use oyster shell waste for steelmaking

S. Korean steelmakers POSCO and Hyundai Steel Co. will start using oyster shells as a secondary base material for producing steel. Both firms have been developing a recycling technology with a local oyster shell...

S. Korea to develop solar-powered drone that could carry 20 kg to stratosphere

South Korea will invest 37.47 billion won in developing a solar-powered drone that could carry over 20 kilograms in the stratosphere and with natural disaster monitoring capability by 2025. The drone will serve as an...

S. Korean scientists develop 3D printing ink from sunflower pollen

A group of South Korean scientists from Nanyang Technological University in Singapore managed to develop 3D printing ink material from sunflower pollen. The research team led by professor Cho Nam-joon first incubated...

Kumho Petrochemical to produce eco-friendly rubber compound out of rice bran

Kumho Petrochemical Co. will produce an eco-friendly synthetic rubber compound made of rice bran-based bio-silica. Silica improves fuel efficiency, braking power, and wear resistance of synthetic rubber for...

Technology

Orca joins ‘Dragon Quest XII: The Flames of Fate’ development

Dragon Quest XII: The Flames of Fate will be the next main title installment for the popular Japanese role-playing game series from Square Enix. While details about the game, its plot, and features are still very scarce,...

Apple confirms update to make iPhone 13 Pro’s macro photography optional

While the iPhone 13 series looks almost identical to the 2020 iPhones, it actually comes with several hardware upgrades. In the camera department, Apple introduced a native macro photography feature on the iPhone 13 Pro...

Samsung Galaxy S21 FE leaks once again, this time through an official Android list

At this point, the launch of the Samsung Galaxy S21 FE is no longer a secret. While Samsung remains mum about the existence of the mid-range phone, tech fans keep finding a new piece of evidence that it is coming...

‘Halo Infinite’ devs add one more weekend of tech preview in late September

As promised, Halo Infinite is getting another technical preview giving insiders an early look at its features and gameplay. Even better, 343 Industries just announced that the beta will take place on two separate...

Windows 11 compatibility-check app is back ahead of OS update’s release

With only a few weeks left before Windows 11 launches, Microsoft brings back the PC Health Check app. The system requirements for the operating system upgrade have been confusing to many PC users, so the return of the app...