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Tag: Economy


Mike McCaffrey

The Economy Looks Better in Paul Krugman’s Neighborhood

Around here we take what Paul Krugman has to say seriously, which is probably why we’ve been so depressed lately. Alas (at last, even), the Nobel Prize-winning economist sees signs of hope—not in the numbers, but walking around the streets of New York and Princeton. (continued)

Posted on Nov 11, 2009 READ MORE


The Man Who Put the Rainbow in ‘The Wizard of Oz’

The 70-year-old film classic bears close watching this year, perhaps more than in any other, for the message woven into the lyrics, written during the Great Depression by Oscar-winning lyricist E.Y. “Yip” Harburg.

Posted on Nov 10, 2009 READ MORE



Flickr / SEIU International

Kucinich: Why I Voted No

Rep. Dennis Kucinich explains why he voted against the landmark health reform bill, which he says “continues the redistribution of wealth to Wall Street at the expense of America’s manufacturing and service economies.”

Posted on Nov 8, 2009 READ MORE



earthopennetwork.org

The Real Unemployment Number: 17.5%

More than one in every six U.S. workers are either unemployed or underemployed, a statistic arguably more significant than the 10.2 percent jobless rate posted in October, as it factors in those who have quit looking, as well as part-time workers desiring full-time gigs.

Posted on Nov 7, 2009 READ MORE


Generic Unemployment
connectedmichigan.com

Unemployment Breaks the 10% Barrier

In news that President Barack Obama described as “sobering,” the U.S. unemployment rate in October broke into the double-digit range, with 10.2 percent of Americans without jobs, the highest rate since April 1983.

Posted on Nov 6, 2009 READ MORE



AP / Mark Lennihan

Steve Fraser on the Crisis of Capitalism

Does the prospect of deepening economic meltdown and political disarray raise the specter of a social upheaval and, perhaps, the collapse of capitalism, the likes of which we haven’t seen since the Great Depression?

Posted on Nov 6, 2009 READ MORE


We Are What We Trade and How We Trade It

The rules governing what we buy and sell are now playing such a decisive role in almost every major policy that we ignore them at our peril.

Posted on Nov 5, 2009 READ MORE



Flickr / lucianvenutian

Goofy Stimulus Projects Have Real Value

Don’t be fooled by stimulus critics who cite expenditures such as the “electric fish orchestra” (actually an educational demonstration of a larger project related to robotics and prosthetics) or trips to resorts (to train special-ed teachers). “Waste,” as ProPublica reports, “is in the eye of the beholder.” (continued)

Posted on Nov 5, 2009 READ MORE



Truthdig

McGovern: Get Out of Afghanistan

George McGovern has some advice for President Barack Obama: Get U.S. troops out of Afghanistan. “I’m convinced that war is going to turn sour. I’m convinced we’re not going to prevail there,” he said.

Posted on Nov 4, 2009 READ MORE



White House / Pete Souza

A Record You Can Believe In

It’s been a year since a healthy majority of American voters elected Barack Obama to change the world. Which is precisely what he’s doing.

Posted on Nov 3, 2009 READ MORE


Safe Word

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Posted on Nov 2, 2009 READ MORE    


Balloon Boy 2

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Posted on Nov 1, 2009 READ MORE


employment
haldimandcountyhydro.ca

White House: Stimulus Made, Saved Nearly 650,000 Jobs

The White House sounded a triumphant note Friday about the success of the economic stimulus in salvaging and creating close to 650,000 jobs in recent months, but some Republicans, along with the AP, are questioning the accuracy of the government’s figures.

Posted on Oct 30, 2009 READ MORE


Left, Right & Center

‘Left, Right & Center’: Spending for America; Clinton’s Pakistan Gamble

Consumer spending drives the real economy, and it has taken a plunge. Did we save the banks at the expense of the people? Also this week: The health care reform bill finally appears on the scene, and Hillary Clinton attempts a precarious balancing act in Pakistan—are either of these developments successful?

Posted on Oct 30, 2009 READ MORE


Afghan Poppy Trade Blurs All the Lines

The opium poppy was introduced to Afghanistan more than 2,300 years ago by the armies of Alexander the Great. His forces were eventually driven out, like those of every would-be conqueror since. The poppy has proved more tenacious.

Posted on Oct 29, 2009 READ MORE


Hug Obama, Find the Moderates

Those are the two outstanding lessons from the campaigns for next Tuesday’s governors’ races in New Jersey and Virginia. Both parties would be smart to apply them in 2010.

Posted on Oct 28, 2009 READ MORE



White House / Pete Souza

Geithner’s Fed Made AIG Pay Banks to the Max

That Timothy Geithner must love the big banks he spends all day talking to. Back when he was in charge of things, the Federal Reserve Bank of New York forced AIG to pay off Wall Street tycoons for all those toxic bets, even though the mega-insurer was busy trying to negotiate a better deal.

Posted on Oct 28, 2009 READ MORE



Flickr / Addictive Picasso

China and India Join Forces on Climate

China and India, which together represent well over a third of the world’s population, will be negotiating in concert at the upcoming climate summit in Copenhagen. The two booming economies produce most of the developing world’s CO2, but they’ve also made big commitments—China especially—to ... (continued)

Posted on Oct 26, 2009 READ MORE



Rich Germans Want More Taxes

While America’s super rich are coping with bailouts and bonus envy, a group of well-to-do Germans, led by a brewery heir, has delivered a petition demanding a 5 percent wealth tax—on themselves. Imagine if Pete Coors demanded that the government spend more of his money on “ecology, education and social justice.”

Posted on Oct 25, 2009 READ MORE


Wall Street ‘Crimes’ Need Better Policing

Slashing bonuses at bailed-out companies is like arresting jaywalkers while ignoring the bank robbery that’s happening in broad daylight down the block.

Posted on Oct 22, 2009 READ MORE



chinadigitaltimes.com

China’s Economy Hums Along

As the U.S. struggles to recover its footing due to the economic crisis, China is expecting yet another stellar year as it reports that the country’s economy is on track to reach its target of 8 percent GDP growth this year.

Posted on Oct 22, 2009 READ MORE


Playing Monopoly With America’s Health

Anyone infuriated by the grossly inflated compensation of the masters of finance should check out the incredible earnings of the top executives in the health insurance business.

Posted on Oct 21, 2009 READ MORE



DEA

Boom Times for Pot Growers

The lousy economy has driven some Californians into the marijuana industry, which is doing a lot better than, say, construction. According to this Miller-McCune profile, California will grow an estimated $15 billion worth of weed in 2009, a good portion of it in the backyards and basements of amateurs and newcomers.

Posted on Oct 20, 2009 READ MORE



Flickr / toddalert

Sorry Grandma, No COLA for You

For the first time in 34 years, Social Security beneficiaries will not get a benefit boost from a cost-of-living adjustment. Falling energy prices, in particular, should keep seniors flush with their monthly average $1,094 checks. So what if their health care costs have gone up by a third?

Posted on Oct 15, 2009 READ MORE


Selfish

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Posted on Oct 15, 2009 READ MORE



Flickr / Samory Santos

Looking for a Middle Class

The challenge of our time is to re-create America as a middle-class nation. [This is Marie Cocco’s last column.]

Posted on Oct 15, 2009 READ MORE


global hunger
wfp.org

United Nations: 1 Billion Going Hungry Worldwide

Global hunger is a “world emergency” now, if it wasn’t before, with the number of hungry people rising to a record 1 billion, according to the United Nations. Given this scary statistic, it’s not looking good for a goal, set in 2000, to reduce the number of people going hungry worldwide by half by 2015.

Posted on Oct 14, 2009 READ MORE



Flickr / I.Gouss

Dow Hits 10K, You Can Go Back to Work Now

Put down your pitchforks and pick up the champagne. Boom times are here. The Dow is over 10,000 for the first time in a year. What’s that? Real unemployment is at 17 percent, and they’re foreclosing your house? Stop being such a communist and party!

Posted on Oct 14, 2009 READ MORE



City of Hardin

Private Prison Swindle Bleeds Desperate Towns Dry

TPMMuckraker investigates the sad story of Hardin, Mont., a town so desperate for jobs it fell for a private prison scheme that left it with a big empty jail and a load of debt. You know you’re in trouble when you have to beg the state to send you sex offenders.

Posted on Oct 12, 2009 READ MORE



White House / Samantha Appleton

Prizing Peace on the Home Front

President Obama should make peace with the “angry white men” who see his Nobel Prize as a token of elitism by enacting policies that address their economic grievances.

Posted on Oct 11, 2009 READ MORE


Night of the Living Deadbeats

Zombies have made a pop culture comeback. It might have something to do with all the undead banks and the bankers whose careers live on after the economic apocalypse they caused.

Posted on Oct 8, 2009 READ MORE


Trick or Treat

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Posted on Oct 8, 2009 READ MORE


Meltdown After the Meltdown

The fevered urgency with which the bailout was pushed by the Bush administration and enacted by the Democratic Congress last year has been followed by dithering in the midst of the employment crisis.

Posted on Oct 7, 2009 READ MORE


Stimulation Without the S-Word

So now we know: The economic stimulus plan passed by Congress at the beginning of the year was not big enough.

Posted on Oct 7, 2009 READ MORE



White House / Pete Souza

Why Obama Must Spend More

If the president and Congress don’t come to the aid of workers, the political consequences will be severe, and deservedly so.

Posted on Oct 7, 2009 READ MORE



U.S. Army / Sgt. 1st Class Gordon Hyde

Migration Is a Win-Win-Win

An independent report commissioned by the U.N. has found that migration is simply good economics for everyone involved. The world’s billion migrants actually boost employment in their destination communities while improving conditions back home.

Posted on Oct 5, 2009 READ MORE



pagetutor.com

Pox Americana: The Real Cost of Bailing Out Wall Street

In the 20th century, smallpox killed more people than all of that bloody century’s wars combined. It cost $300 million to eradicate the disease. What might have been achieved with the $4 trillion we gave Wall Street?

Posted on Oct 4, 2009 READ MORE


Unemployment
wfxl.com

U.S. Unemployment Edges Toward Double Digits

Economic news and pessimistic views: U.S. unemployment increased slightly to 9.8 percent and, moreover, this figure shows the crisis is far from over, experts say. Joblessness is at a 26-year high.

Posted on Oct 2, 2009 READ MORE



capitalismalovestory.com

Capitalism Means Never Having to Say You’re Sorry

Michael Moore’s latest look at what’s wrong (and right) with America is a lot better—and a lot more radical—than some of the brie-eaters reviewing it think. It’s a cry from the soul of a man who sees the whole country turning into his hometown hell of Flint, Mich.

Posted on Oct 1, 2009 READ MORE


Communist China Turns 60—and Reveals Its Insecurities

What could and should have been celebrated this week in Beijing is the resumption of effective power in the People’s Republic by the modernizer Deng Xiaoping.

Posted on Oct 1, 2009 READ MORE



toyota.com

Toyota Recalls 3.8 Million Cars

Toyota has announced a recall of eight U.S. models, including the 2004-2009 Prius. A problem with floor mats has reportedly caused the deaths of five people so far. The BBC calculates the cost of the recall at two years’ worth of U.S. sales for the automaker.

Posted on Sep 29, 2009 READ MORE


In Europe, the Left Has Run Out of Gas

While the Republican leadership in the United States would have people believe that the country is being remorselessly driven to the far left under Barack Obama, European voters are moving toward the right.

Posted on Sep 29, 2009 READ MORE



AP / Mohammed Ballas

The War on Language

Those who seek to dominate our behavior first seek to dominate our speech. They seek to obscure meaning. The English- and Arabic-speaking worlds are each beset with a similar assault on language.

Posted on Sep 28, 2009 READ MORE


Wash Me

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Posted on Sep 27, 2009 READ MORE    


Too Big to Jail

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Posted on Sep 25, 2009 READ MORE


Charity Should Begin With Charities

If the uninsured can’t count on the do-gooders to help them, where else can they turn?

Posted on Sep 24, 2009 READ MORE


Why We Fight the Tire War With China

We are warned it is dangerously protectionist to enforce existing trade laws against China’s cheap tire surge, but Obama is obligated to do so—and for good reason.

Posted on Sep 16, 2009 READ MORE


Obama Lectures Wall Street

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Posted on Sep 16, 2009 READ MORE



Flickr / freemarketmyass

Bernanke Says Recession Is Over, Economy Still Sucks

Fed Chair Ben Bernanke declared Tuesday that the recession is “very likely over at this point,” but don’t get too excited. The non-investment bankers among us still have a lot to worry about: “[I]t is still going to feel like a very weak economy for some time as many people still find their job security and their employment status is not what they wish it was.”

Posted on Sep 15, 2009 READ MORE



The New Press

Business Goes to School

Business leaders are eager to meddle in education but rarely take responsibility for the root of education’s problem—economic despair and mind-numbing mass media.

Posted on Sep 14, 2009 READ MORE


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