by Isaiah J. Poole | Aug 2, 2011 | Blog, Economy
Even Wall Street today rendered an unexpectedly brutal verdict on the passage of the deficit-reduction deal signed off on by President Obama and congressional leadership. Today, the Dow Jones Industrial Average fell more than 265 points, falling below 12,000. The...
by Robert Borosage | Aug 1, 2011 | Blog, Economy
The raw deal on the budget ceiling has been cut. The Tea Party terrorists – the extremist faction willing to hold the economy hostage to get their way – have won. The Republic, common sense and decency have been trampled. With the economy deeply depressed, 25 million...
by Robert Borosage | Jul 31, 2011 | Blog, Economy
Get out the togas; Congress is fiddling while Rome burns. As the grim economic numbers show, this economy is barely moving, crippled by government cutbacks that once more cost jobs. 25 million people are in need of full time work, a number that is growing as the...
by Dave Johnson | Jul 28, 2011 | Blog, Economy, Making it in America
In the middle of the DC frenzy over a contrived "debt crisis" a new, major poll shows what other polls have shown: voters want Washington to act on jobs (and jobs fix deficits), especially in manufacturing, but don't think that our elected officials are paying...
by | Jul 27, 2011 | Blog, Economy
Even with an unemployment rate of 9.2%, the United States is unlikely be able to fill a projected 2.8 million science, technology, economy and manufacturing jobs that will be created by 2018. The problem? There will not be enough qualified people. Secretary of Labor...
by Leo Gerard | Jul 27, 2011 | Blog, Economy, Making it in America
Written with Leo Hindery Jr., Chair of the Smart Globalization Initiative at the New America Foundation America is facing a catastrophic jobs crisis. Not since the Great Depression has official unemployment hovered above nine percent – where it is today – for more...
