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Robert J. Samuelson

Federal Reserve Chair Janet Yellen prepares to testify before the Senate Banking Committee on Capitol Hill in Washington in July. Another solid U.S. jobs report all but assures the Fed will raise interest rates in September, leading to costlier home and other consumer loans. (Susan Walsh, Associated Press file)

Samuelson: Will the Fed’s “lift-off” be grounded?

April 15, 2017 at 1:24 p.m.

Samuelson: Will the Fed's "lift-off" be grounded?

Sen. Chris Murphy, D-Conn., second from right, accompanied by Sen. Tammy Baldwin, D-Wisc., left, Sen. Sherrod Brown, D-Ohio, second from left, and Sen. Bob Casey, D-Pa., right, speaks at a press conference on the positive affects of the Affordable Care Act as the Senate convenes on July 26. On the Senate's agenda is an effort to repeal President Barack Obama's health care law. (Andrew Harnik, The Associated Press)

Samuelson: Back to the future on health spending

April 15, 2017 at 1:24 p.m.

Samuelson: Back to the future on health spending

With differing implementation dates, municipal leaders in San Francisco, Los Angeles and Seattle have approved $15 minimum wages; the New York Fast Food Wage Board recommends a $15 minimum. Congressional legislation has been proposed for $12 and $15 minimums. (Associated Press file)

Samuelson: Minimum-wage madness

April 15, 2017 at 1:24 p.m.

Samuelson: Minimum-wage madness

Investors monitor screens showing stock market movements at a brokerage house in Shanghai on July 29. An 8.48 percent plunge on July 27 — the biggest in eight years — renewed fears about the government's management and the health of the underlying economy, in which growth has already slowed to levels unseen since the global financial crisis. (Johannes Eisele, AFP/Getty Images)

Samuelson: Explaining the world’s economic funk

April 15, 2017 at 1:25 p.m.

Samuelson: Explaining the world's economic funk

A Chinese investor monitors stock prices as he sits in a brokerage house in Beijing on July 10. Asian stocks rose for a second day on Friday as the Greek government proposed a broad financial overhaul to its creditors and Beijing's attempts to arrest a sharp slide in the Chinese market appeared to be working. However, most Asian markets were still in the red from a week earlier. (Mark Schiefelbein, AP)

Samuelson: The true danger of China’s crash

April 15, 2017 at 1:25 p.m.

Samuelson: The true danger of China's crash

Giorgos Chatzifotiadis is assisted by an employee and a policeman as he sits on the ground outside a national bank branch on July 3. Pensioners (unseen) queue to withdraw their pensions, with a limit of 120 euros ($133), in Thessaloniki. Chatzifotiadis had queued up at three banks in the hope of withdrawing a pension on behalf of his wife, but all in vain. When he was told he could not withdraw his funds, it was all too much and he collapsed in tears. (Sakis Mitrolidissakis, AFP/Getty Images)

Samuelson: As Greece goes, so goes the world

April 15, 2017 at 1:28 p.m.

Samuelson: As Greece goes, so goes the world

A woman stands in front of an electronic stock board of a securities firm in Tokyo on July 1. The mood among big Japanese corporations is unexpectedly upbeat despite recent data showing the recovery appears to be stalling. The Bank of Japan's quarterly "tankan" business survey released last week showed a reading of 15 in June, up from 12 in March, for large manufacturers. (Koji Sasahara, The Associated Press)

Samuelson: The global debt trap

April 15, 2017 at 1:26 p.m.

Samuelson: The global debt trap

Greek Prime Minister Alexis Tsipras prepares for a TV interview Monday in Athens. (Thanassis Stavrakis, The Associated Press)

Samuelson: Will Greece’s financial crisis spread?

April 15, 2017 at 1:26 p.m.

Samuelson: Will Greece's financial crisis spread?

An investor observes stock market at a stock exchange hall on June 26 in Fuyang, Anhui province of China. Chinese stocks dropped sharply on June 26. (ChinaFotoPress/Getty Images)

Samuelson: Is this the next financial crisis?

April 15, 2017 at 1:26 p.m.

Samuelson: Is this the next financial crisis?

CEO of KFC South Africa Doug Smith participates in the CEO Sleepout on June 19 in Johannesburg, South Africa. The action is part of a global movement in which business leaders sleep under the stars on one of the coldest nights of the year to raise awareness and funds for the cause of homelessness. Americans favor people getting rich; but to be socially acceptable, wealth needs to be earned. (Mujahid Safodien, AFP/Getty Images)

Samuelson: The CEO backlash

April 15, 2017 at 1:26 p.m.

Samuelson: The CEO backlash