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Jobless Recovery
The earnings announcement of another multi billion profit last week Wednesday by Wells Fargo Bank lifted their stock for while, however it fell back 7% for the day, after it became clear that the books were... Free Market Forces Will Create the Needed Jobs
Larry Summers (Director of the White House Economic Counsel) made his reputation as an employment theorist, he says: “I thought if you could have areas where there was long-term substantial unemployment, then... The Consumer Economy is over
Bloomberg reports “retails sales fell 2.1% in September - the biggest decrease this year.”This means that the "Era of Saving" has begun and that consumers are cutting back on everything that not really is... Economic Cycle has Turned
During the great credit expansion of 1945-2007, businesses could anticipate, generally, rising earnings. People were buying more and more things on credit. In a national economy, businesses pay wages and then the... The Opening Stage of an Economic Depression
A complete pay-off of debt –deleveraging in economical terms- will take about twenty years to achieve, is explained in previous essays. It was not a very scientific estimate. US$2 trillion over the last 24... The Drain is in Spain
You may think of the sewage pipes that are broken, releasing raw sewage in the sea close to the beach, now that should be easy to repair. The drain in Spain is meant economically and globally a ‘drain’ no one... Bailouts No Solution
Already a few say that stimulus plans make things worse. However too many don’t yet know the right course.It still is widely thought that this crisis is an economic recession that only lasts a couple of years,... Jobless claims spike to 26-year high
Author Marnie Howard In the spirit of the recent joblessnessness, a new book encourages people to help each other out.Here's a CNN fornt cover on the US joblessness claiming a 26 year high. Number of Americans applying for first-time unemployment benefits rises to... Letters From the Jobless in America
From a citizen in New York: To revive the economy, I think that both smart infrastructure programs and a bottom-up stimulus package are what is most needed. I'm also in favor of allowing bankruptcy judges to... Obama-Calderon talks to focus on Mexican drug war
Mexico is lucky to have a President that sees the importance of making sure that his citizens are treated well outside of Mexico since he has no way of making life better for anyone in Mexico. I am sure if he can keep the focus on the U.S. side of the problem nobody will ever... Build Confidence in the Banks or Government? Or neither!!
The International Institute of Nonviolence News&Opinion By: Rev. Jermano What is the issue with this confidence building? We don't have confidence in the banks because they have so many bad loans on... Legalizing Human Trafficking
Current WTO negotiations threaten to worsen the already precarious lot of migrant workers around the globe.
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