U.S. ECONOMY

ASSOCIATED PRESS

My Open Love Letter to American Apparel

American Apparel's energy and fashion risk-taking was refreshing, and I would venture to say that it revived a love for long-lost styles that have since been adopted and copied by many fast-fashion retailers. Blatant dare-to-dream mentality and unabated vision is so hard to come by these days. Whatever happens, American Apparel is an example of what to do.

Policy Will Drag on Economic Growth, But Not For Long

The bottom line? Fiscal policy is already a drag on growth, and will be, but perhaps not for as long as many now believe, given the speed with which fiscal dynamics can flip around. Monetary policy is generally expected to tighten, but in a way that does not undermine, but rather lend support to nascent economic growth.

Export Growth Predictions: See How Canada's Provinces Stack Up

International trade will be a key growth driver for the Canadian economy this year and next. However, the distribution of export growth in Canada's provinces is anything but even. Some are leading the charge, while others are steady at the national pace. Others are lagging behind, some quite seriously. What are the key factors influencing the different growth patterns?
AP

How Canucks Avoided the Fiscal Cliff

In a few days the "fiscal cliff" deadline will arrive and potentially bring massive automatic spending cuts and tax increases to the U.S. Even if Congress and the President agree to avoid the cliff, the next crisis awaits. It has long been said that when the U.S. sneezes, Canada catches a cold. So why have these debt-related ailments in the U.S. not afflicted the Canadian government? The answer is that Canada has been practicing what the U.S. always preached. That is why we Canucks are not jumping off cliffs or smashing into ceilings.
Alamy

Will the U.S. Pull us All Over its Fiscal Cliff?

The U.S. economy is careening toward the so-called fiscal cliff at a frightening pace, and it's creating a lot of concern. Will political sclerosis drive America -- and the world -- to the precipice? If it did, it would be a shame. Consumers are spending at a rapid clip. Housing markets have turned the corner. Is the present whiff of recovery incentive for action?
AP

Canada's Stake In The U.S. 'Fiscal Cliff'

As metaphors go, "fiscal cliff" must surely rank as one of the most striking ever coined. It implies something scary, irreversible, even fatal. U.S. Federal Reserve chairman Ben Bernanke – normally o...
Alamy

How Do Governments "Create" Money?

How do governments "create" money? That is the very relevant question a Sun reader asked me after reading one of my columns. Well, physical cash is only a tiny portion of existing money. Most of it nowadays simply exists as digits in computers. Granted, monetary economics is one of the most boring and technical topics in the field of economics. But given what is at stake in this risky experiment, we all have an interest in better understanding what is going on.