China's economy will overtake US in two years

China's economy will overtake US in two years


Just ahead of the G20 summit, there is a new report which came out recently stating the United States' economy will be overtaken by China in the next two years. Should the American people be worried about their livelihoods? Economist Max Fraad Wolff says Americans should take a look at their clothes and see where they are made from, that should give people an idea of what is happening

US economy: Don't be optimistic

US economy: Don't be optimistic


Across much of Europe there is skepticism and panic about the economy ever turning around, however in the United States people seem to be optimistic. Why is there such pessimism in Europe but not the US? Are Americans out of touch with reality? Economist Max Fraad Wolff from The New School says Americans have a weak safety net when it comes to employment, if you lose your job there are no federal benefits that are available in Europe.