How to fix Econ 101. Why the dollar dominates, and why that's not all good. On creative class workers and pay. Who wins and loses from ultra-low rates? Gary Silverman on the legacy of Michael Bloomberg. Inequality is "defining issue of our time," says Obama: "President Barack Obama called increasing inequality the "defining issue of our time" and said the decades-long trend was undermining economic growth and social and political cohesion in the US. Improving jobs picture is key factor in Fed taper decision: "A run of strong economic data is raising expectations for US jobs numbers due this Friday that will have a crucial influence on when the Federal Reserve chooses to slow its asset purchases from $85bn a month. US company chiefs push for budget deal: "Chief executives of big US companies are warning that the country faces another year of sluggish growth, while expressing hope that a deal over the budget being discussed in Congress will kick-start the economic recovery." This entry was posted by FT Alphaville on Wednesday December 4th, 2013 21:09.