A federal program of direct job funding, even at a time when unemployment is expected to exceed 10 percent for the next several months, is the third rail of any discussion about reducing unemployment. more »
President Obama's team made it clear months ago that he will brook no talk of a "second stimulus" at a time when the first stimulus is under significant criticism—from the right, to be sure, but also from the left. more »
Recent data from the Department of Labor shows the national unemployment rate has climbed over 10 percent. But that number does not paint the whole picture when taking a closer look at jobless figures by age demographic. For young adults in their late teens and early twenties, unemployment figures indicate truly dismal times. more »
I'm going to Chicago next week for the American Bankers Association meeting. Oddly, I haven't been invited to the Roaring '20's dance party I hear they're having.
Why wouldn't they celebrate the era of wild money and hot times (which slid into the Great Depression)? After all, the bankers are doing well these days. more »
Parents usually want their children to have a better life than they did. In the United States, the parents of today's under-30 crowd may be disappointed in that hope. more »
The world economy is growing; stock markets are up; talk of recovery, not world depression, fills the business pages. As the leaders of the 20 leading economies gather in Pittsburgh this week, they might well feel the euphoria of someone who has survived a near-death experience. more »
This is a story we are all too familiar with: Wall Street vs. Main Street. Irresponsible behavior leads to bonuses for Wall Street while working hard and playing by the rules leads to unemployment and foreclosure for Main Street. more »
It was Saturday morning and I had just returned from yoga class and a few minutes shopping at the local farmers market. I poured myself a cup of coffee, picked up the newspaper and went to sit on my back porch to enjoy a few more minutes of relaxation before I started in on the day’s chores. more »
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