Newsweek Cover: The Recession Is Over
And here’s Obama commenting on the cover at a Town Hall meeting in Raleigh, NC Wednesday morning:
And here’s Obama commenting on the cover at a Town Hall meeting in Raleigh, NC Wednesday morning:
Krugman is relentless in his calls for increasing government involvement in the economy and regulation: What’s clear is that Wall Street in general, Goldman very much included, benefited hugely from the government’s provision of a financial backstop — an assurance that…
But they should also be prepared to add to the stimulus now that it’s clear that the first round wasn’t big enough. ….. He needs to remind the country that he’s trying to steer the country through a severe economic…
Apollo Group (APOL), owner of The University of Phoenix, continues to hit the cover off the ball – but many commentators seem to prefer to focus on the negative. Let’s start with the positive. Apollo grew enrollments by 22% year…
After a mysterious five day disappearance, South Carolina Governor Mark Sanford admitted to having an affair with a woman in Argentina. This is a huge disappointment to Republicans who rallied behind Sanford after he asked the Obama administration to spend some…
The program will provide a much needed boost to the automobile industry. – Senator Carl Levin (D-Mich) The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it…
The Pension Benefit Guaranty Corp., the federal agency that may have to bail out GM workers, is now $33.5 billion in the red. Many more private pension failures loom. Pensions also pose a huge problem for many cities and states. …
On the night of April 27, for instance, the president invited to the White House some of his administration’s sharpest critics on the economy, including New York Times columnist Paul Krugman and Columbia University economist Joseph Stiglitz. Over a roast-beef…
How can one justify bestowing a triple A rating on an entity with an accumulated negative net worth of more than $11,000bn and additional off-balance sheet obligations of $45,000bn? An entity that is set to run a $1,800bn-plus deficit for…
Fascinating article on the front page of today’s WSJ on the difference in jobless benefits and total wage tax burdens in Europe and the US: “US, Europe Are Ocean Apart On Human Toll Of Joblessness” (subscription required). In Europe, wage…