It was Saturday morning and I had just returned from yoga class and a few minutes shopping at the local farmers market. I poured myself a cup of coffee, picked up the newspaper and went to sit on my back porch to enjoy a few more minutes of relaxation before I started in on the day’s chores. more »
It's worth slogging through the minutes of the June Federal Reserve Open Market Committee meeting. Read the deliberations of the Fed board members and staff and you see an economic horizon that is much more dangerous than what is suggested by the assurances of the White House and some of our allies in Congress. more »
The Federal Reserve is already one of the most powerful and secretive institutions in Washington, long considered beyond the reach of lawmakers. more »
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I suspected there was something being left unsaid when the headlines began streaming this morning that personal incomes in May surged 1.4 percent. And, indeed, there was. more »
Swiss-Russian owned Duferco Farrell Corp. refuses to comply with the Buy American requirements in the $787 billion stimulus package.
One consequence of that decision is the Deferco rolling mill located in Farrell, Pa., north of Pittsburgh, lost a major customer—Wheatland Tube Co., situated a few hundred yards down the street in Farrell.
forbes.com — The people who foresaw the worst financial and economic crisis since the Great Depression were not Dr. Dooms; they were, rather, Dr. Realists, analytically rigorous and intellectually honest and willing to engage in critical thinking rather than follow the herd of the easy consensus.
Vice President Joe Biden's economic policy adviser, Jared Bernstein, is the featured speaker at a panel discussion that analyzes President Obama's response to the economic crisis. Other panelists were Robert Juttner, The American Prospect; Katrina vanden Hauvel, The Nation; and Emma Coleman Jordan, Georgetown Law School.
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msmagazine.com — The Chinese proverb “Women hold up half the sky” provides a good starting point to understand the current place of women in the U.S. economy, and thus the differential impact they face from this downturn. But which half of the sky are women holding up? A good deal of work in our paid economy—and also the unpaid work in homes—is still sex-segregated.
Jared Bernstein, economic policy adviser to Vice President Joe Biden, explains the Obama administration's economic policy decisions in this address at America's Future Now. He says the country needs to end the “shampoo economy—bubble, bust, repeat” and replace it with an economy that can sustain middle-class prosperity. more »
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