by Dave Johnson | Apr 1, 2010 | Blog, Economy
Our economy is not structured to produce enough jobs. Tomorrow's jobs report is expected to show as many as 200,000 jobs created in March, but a lot of that is temporary Census hires, and even 200,000 jobs created is still 2-300,000 fewer jobs than number of new...
by Bill Scher | Apr 1, 2010 | Blog
Today, Treasury Secretary Tim Geithner said "The unemployment rate is still terribly high and it's going to stay unacceptably high for a long period of time." As my colleague Richard Eskow remarked last fall when White House economic adviser Larry Summers said...
by Leo Gerard | Apr 1, 2010 | Blog, Making it in America
America and China share a terrible delusion. They are in denial about currency manipulation. Both officially state that China is not devaluing its currency. In mid-March, Chinese Prime Minister Wen Jiabao flatly denied that China deliberately suppresses the value of...
by Richard Eskow | Apr 1, 2010 | Blog
Do homeowners who are underwater on their mortgages deserve to lose their homes? That's what finance commentator Barry Ritholtz says, in a post called "More Foreclosures, Please." Ritholtz must have been channeling his inner Rick Santelli when he wrote that "the boom...
by Steven Capozzola | Mar 31, 2010 | Blog, Making it in America
As the Pittsburgh Post Gazette is reporting, U.S. Treasury Secretary Tim Geithner is scheduled to visit Pittsburgh today, where he will be “greeted by a chorus of calls to bolster ailing U.S. manufacturers by taking action against China’s currency and trade policies.”...
by Bill Scher | Mar 31, 2010 | Blog
Forgive me if my Outrage-O-Meter registers low today despite the President's coastal drilling announcement. Candidate Obama announced his willingness to compromise on coastal drilling quite dramatically during the campaign. And the Senate climate bill talks have been...
