by Dave Johnson | Feb 11, 2010 | Blog
The unemployed have a lot to fear, including losing COBRA itself. Congress is considering passing an extension of COBRA subsidies for the unemployed. But a bigger problem is not just the subsidies running out, but COBRA itself running out. COBRA allows people to...
by Robert Borosage | Feb 10, 2010 | Blog
China has surpassed Germany as the world's largest exporter. It is the largest holder of American Treasury bonds, nearly $800 billion. America runs its largest trade deficit by far with China. The low-price flood of goods—the Wal-Mart trade—is pervasive. Now the U.S....
by Dave Johnson | Feb 10, 2010 | Blog
In the Bloomberg story today, Obama Doesn’t ‘Begrudge’ Bonuses for Blankfein, Dimon, President Obama, spoke up about the huge Wall Street bonuses handed out this year, “I know both those guys; they are very savvy businessmen,” Obama said in the interview yesterday in...
by Bill Scher | Feb 10, 2010 | Blog, Economy
The possibility exists for the Senate to pass a bipartisan jobs bill. It just won't do much to create jobs. The Senate Minority Whip Jon Kyl, typically a fountain of misinformation, gets this one right in Bloomberg: "Kyl ... said Democrats shouldn’t advertise the...
by Bill Scher | Feb 10, 2010 | Blog
Yesterday, following the NYT report that bank lobbies, led by private lender Sallie Mae, were succeeding in stalling student loan reform, Education Secretary Arne Duncan shot back. The Washington Post reported on Duncan's blistering retort: "Working Americans pay...
by Terrance Heath | Feb 10, 2010 | Blog
What kind of people respond to an invitation with a list of demands? John Boehner and Eric Cantor have responded to Barack Obama's invitation to sit down and talk health-care reform. They answered in the form of a ransom note. Here are their demands: 1) "Assuming the...
