Russell Investments chief economist Mike Dueker's apparent suicide death, discovered Thursday after the 50-year-old former St. Louis Federal Reserve officer had been reported missing from his home in Tacoma, Washington, became the fourth such loss in the financial community in the span of a week.
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.
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.The only way to reduce the uncertainty in our economy right now is to increase taxes on the rich.
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. These days everyone seems to think teachers need improving -- even people who uncover evidence to the contrary.
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.
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.
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.