Economy and Business
At Last, Larry’s Going Away
Thank God and Harvard–Larry Summers is going away. But not before doing extraordinary damage to America’s middle class and to the man who hired him. Summers, chief architect of Barack Obama’s squirrelly Wall Street policies, says he’ll move on at the end of the year.
Buses Are the Answer
With all due respect to President Barack Obama and the $8 billion he’s dishing out to the states for high-speed rail, it’s too late.
Raise the Minimum Wage
When he was campaigning in 2008, President Barack Obama promised to raise the federal minimum wage, declaring “people who work full-time should not live in poverty.” Obama proposed raising it to $9.50 by 2011. That would merely adjust the minimum wage for inflation and restore its 1968 purchasing power.
Good-for-Nothing Commission
We have seen the future and it is grim. That glimpse of the road ahead arrived in the form of a preview of the Bowles-Simpson Commission’s report on the kinds of things government has to do (and not do) if we want to avoid economic doom.
Congress, Don’t Scrooge the Jobless
With the mid-term elections wrapped up, it’s time for another vote–one that will affect millions of Americans, our economy, and our country.
Bring Back American Manufacturing
The other day, I noticed that my new New Balance running shoes were made in the United States. I was thrilled.
Recession? What Recession?
You may not be familiar with the National Bureau of Economic Research. Who is? Regardless, it’s the official determiner of when we are in a recession and when we are not. Right now, we are not. The Bureau just announced the Great Recession ended clear back in June, 2009. Who knew? I thought unemployment was still around 9.5 percent.
Free Trade: A Corporate Scam
Free trade isn’t the only thing ruining America, but it’s a biggie.
Outsourcing Television
The unemployment rate remains near double digits, and many Americans have simply stopped looking for work. Yet somehow an NBC sitcom about U.S. jobs going overseas is becoming a hit.
Surprise! The People Speak
Michael Duke is the Big Wally of WalMart. As CEO of the low-wage behemoth, he siphons some $19 million a year in personal pay from the global retailer.
