Will the Economy Determine Who Our Next President Is? When the wallets of Americans grow thinner as a Presidential election approaches, you can usually throw out social issues along with attacks on China as a way to rally voters. Instead…
Andrew Gordon discusses a remarkable turn of events as companies develop a renewed sense of appreciation for the American workplace…
The SEC has once again treated Wall Street miscreants with kid gloves, slapping two ex-Bear Stearns hedge fund managers with penalties that your grandmother could pay off.
Does this make sense? Interest rates are at record lows. Wages are flat. And the corporate tax rate fell to 12.1% as a share of domestic profits in fiscal 2010-11, from an average of 25.6% during 1987-2008.
Our long-term unemployed has never been this bad before. The percentage of long-term unemployed to total unemployed is usually 10-15%. It’s now close to 45%.
Here’s what you probably know: As reported two weeks ago, job creation outpaced expectations by about 100,000 jobs. And unemployment fell from 8.5% to 8.3%.
President George W. Bush says he’d do the bailout again: ““I’d make the same decision again if I had to,” explaining that he “didn’t want to gamble.”
The US economy got some good economic news on Friday when job increases blew the cover off of expectations. At best prognosticators were hoping for 160,000 new jobs created. They got 243,000 instead. Now the question is, can the US sustain a reasonably strong economic recovery without being led by a housing
