WSJ: Numbers On Welfare See Sharp Increase



(Source: “Numbers On Welfare See Sharp Increase” (subscription required), The Wall Street Journal, June 22, A1)



(Source: “Numbers On Welfare See Sharp Increase” (subscription required), The Wall Street Journal, June 22, A1)
I want you to know that I had no role whatsoever in any of the Fed’s decision regarding payments to any of A.I.G.’s creditors or counterparties. – Hank Paulson, testimony before Congress July 2009 But according to two senior government…
I wrote this in response to a friend who said he agreed with Goldman Sachs that austerity is the biggest threat to the economy. After all, look at Britain (see, for example, “Why Budget Cuts Don’t Bring Prosperity”, David Leonhardt, The New…
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…
Temporary hiring is a reliable leading indicator. – William Hester, Analyst, Hussman Econometrics (Via The Big Picture) Temporary hiring is supposedly a reliable leading indicator of overall employment – and it continues to drop. Suggests the labor market has not…
“Office Depot …. projects continued erosion of sales and earnings in the fourth quarter of 2007. As previously reported, the Company’s results for the third quarter of 2007 were negatively impacted by difficult housing related economic conditions in certain of…
Hypocrisy n. : 1. The practice of professing beliefs, feelings or virtues that one does not hold or posess; falseness. 2. An act or instance of such falseness. CNBC and The Wall Street Journal yesterday broke the news that private equity…