Economy

So, Government Can Create Jobs?

11.03.2010

According to Farheed Zakaria, the government can create jobs — not through hiring employees, but through investment in technology. Can we spend AND cut spending at the same time?

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Bank of China Credit Card: America's Love/Hate Relationship with Borrowing and Spending

10.22.2010

America’s economy is based on consumerism: borrowing and spending. But excessive spending is what got us into this mess (right?) so no wonder we’re not borrowing and spending in the private sector the way we were before.

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The Estate Tax — Why I Support It

07.31.2010

President Obama has extended unemployment benefits despite months of Republicans blocking such legislation under the guise that they’re actually saving us from ourselves. They’ll have you believe that while people’s plight of being unemployed for over a year with no end in sight; not being able to make their mortgage payments; being forced to go [...]

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Laid Off Police Officers: Economic Downturn Causing Increase in Violent Crime?

07.29.2010

Five laid off police officers in Bay City, Michigan retaliated by renting billboard space with images that suggest that the lack of cops on the streets could lead to more violent crimes, all in an effort to get back their jobs. The cops haven’t won much support for their inflammatory billboards, nor have they gotten [...]

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Why the Bush-era Tax Cuts Should Expire for the Richest Americans

07.25.2010

The Bush Tax Cuts are set to expire at the end of this year.  The Republicans want to continue them; the Democrats want to let them end. NY Times: Democratic leaders, including Mr. Obama, say they are intent on letting the tax cuts for the wealthy expire as scheduled at the end of this year. [...]

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Unemployed for Over a Year: A Light at the End of the Tunnel?

07.06.2010

My mom has been unemployed for over a year. In that span, she has applied to hundreds of jobs — some she’s possibly qualified for; most others that she was beyond qualified for even a decade ago.  From those countless applications and resumes sent out to all those different hiring managers, she has only had [...]

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How to Turn the Political Tide: Reward Rational Thought

06.26.2010

From the blatant lies passed off as truths by Arizona’s governor to the Rolling Stone reporter whose article ultimately led to Gen. McChrystal’s forced resignation, the question raised by The Economist, Andrew Sullivan, and others seems more relevant than ever now: do intelligent arguments make a difference? With so much of the blogosphere ripe with [...]

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Elect Scott Brown, Magician

01.19.2010

To find out what issues on which the people of Massachusetts elected Scott Brown (R), I turned to the senator-elect’s own website, hoping that it could shed some light on just how he’s going to run Washington better since he’s a Republican and here to solve some challenges that the Democrats are incapable of doing.  [...]

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Bailed Out? Take A Pay Cut

10.22.2009

This really should’ve been a no-brainer.  And it should’ve been part of the whole deal given to the banks as part of the bail out package. All loans come with a price.  There are established ground rules for repayment including interest rates, monthly due dates, and penalties for late payments, at the very least, for [...]

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Bonus Penalty – UPDATED

10.16.2009

Goldman Sachs is recording massive profits this quarter and now they’re looking to reward their employees with equally large bonuses.  Many will be getting as much as $700k, others in the million-dollar-range. And the general public is upset. It seems that this is one of the backlashes of the recession and the fact that it [...]

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