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U.S. Department of Defense
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On Monday, The Economist published an infographic showing, by millions of people hired, the world’s 10 biggest employers. The U.S. Department of Defense topped the list with 3.2 million employees.
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AP / J. Scott Applewhite
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Economists across a broad range are frowning on the Federal Reserve’s most recent attempt to spur the economy, saying that the strategy of buying federal debt has helped the stock market but has had little positive effect on the general population.
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AP / Senate Television
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By Moshe Adler — The only way to reduce the uncertainty in our economy right now is to increase taxes. During the Eisenhower years the top tax rate was 91 percent, and there is every reason to return to this rate now.
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AP / Jeff Gentner
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By Moshe Adler — There is of course no doubt that our public education system is broken. There is also no doubt that wages are too low. But blaming “bad teachers” is not the answer to either.
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Flickr / specialkrb
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After climbing 3.7 percent in the first three months of the year, the U.S. economy grew just 2.4 percent in the second quarter, an underwhelming performance that reinforced the reality that the recovery is struggling to find some footing.
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Wikimedia Commons / United States Federal Reserve
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The Federal Reserve announced Thursday it would increase the interest rate for temporary bank loans. The New York Times reports that many on Wall Street see this as signaling an end to big bank profits. But some economists say the move was purely technical, with no real effect on how much money is made.
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Wikimedia Commons/Prolineserver
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The American economy is certainly a cause for concern at the moment, but Paul Krugman is more troubled by issues abroad, declaring in his New York Times column on Monday that “the situation in Europe worries me even more than the situation in America.” Uh-oh.
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Collage: Flickr (Joe Crimmings Photography) / Economist
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The acclaimed right-leaning rag has come out for Mr. O: “The Economist does not have a vote, but if it did, it would cast it for Mr Obama. We do so wholeheartedly: the Democratic candidate has clearly shown that he offers the better chance of restoring America’s self-confidence.” Socialists.
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howstuffworks.com
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In what one economist has called the “strongest evidence yet” that the U.S. is in recession, the country’s jobless rate has grown 0.5% since April, the largest monthly jump in more than 20 years. The unemployment rate has been steadily rising this year, with 324,000 jobs lost since January.
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The Economist
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The storied British mag is making no bones about it: America’s long primary battle, judging by the candidates it produced, was a major success. According to a new cover story, ” ... On the face of it, this is the most impressive choice America has had for a very long time.”
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commons.wikimedia.org
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Joseph Stiglitz, Nobel Prize-winning economist and co-author of “The Three Trillion Dollar War,” shares his insights into America’s economic woes and explains why things are probably going to get worse.
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commons.wikimedia.org
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By James Harris — Joseph Stiglitz, Nobel Prize-winning economist and co-author of “The Three Trillion Dollar War,” shares his insights into America’s economic woes and explains why things are probably going to get worse.
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By Joe Conason — As Karl Rove exits stage right with his ruined dreams of rightist hegemony, all the political signs and portents tell us that America is turning the other way.
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Arctic Tundra ‘Will Turn to Forest’
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