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  • The next time you hear Republicans declaring their concern about deficits because of the future of our children, "remember that the clear and present danger to the prospects of young Americans isn’t the deficit," Paul Krugman writes. "It’s the absence of jobs."  [View news story]
    Stop the non-stop Krugman articles please
    Mar 18 03:45 PM | 4 Likes Like |Link to Comment
  • The Wisconsin Assembly passes a bill that would strip most public workers of their collective bargaining rights, setting up a showdown in the state's Senate. The Republican agenda is now apparent to all, Paul Krugman says: "Union-busting and privatization remain GOP priorities, and the party will continue its efforts to smuggle those priorities through in the name of balanced budgets."  [View news story]
    SA gives Krugman too much coverage. Then again they know it is a sure fire way of getting interaction and comments on an article
    Feb 25 10:20 AM | 22 Likes Like |Link to Comment
  • GM wants pay for union workers to be tied to employees' work performance and the company's financial health - much like its salaried workers are paid - in what would be a major shift in how generations of auto workers have been compensated.  [View news story]
    It's amazing that they haven't been paid this way so far, and we wonder why we are losing jobs overseas when our manufacturers have to deal with compensation structures that aren't tied to employee work performance and company performance!
    Jan 12 09:49 AM | 6 Likes Like |Link to Comment
  • Following news of China's "carrier-killing" ballistic missile, Defense Minister Liang Guanglie boasts, "in the coming five years, our military will push forward preparations for military conflict in every strategic direction," adding, "we may be living in peaceful times, but we can never forget war."  [View news story]
    China is smart enough to never go to war vs US/World, they'll just use their increasing military presence as a negotiating tool in diplomacy
    Dec 30 12:20 PM | 3 Likes Like |Link to Comment
  • A sudden deterioration in demand has created the need for nearly all of the container ships headed from Asia to Europe to slow to the speed of a "fresh breeze." Outright idling of vessels is expected soon.  [View news story]
    Not because of this article. While we have a global economy, I don't think Australia's lack of demand for Asian goods is a leading indicator for United States.
    Dec 8 06:15 PM | 2 Likes Like |Link to Comment
  • With job openings ticking up to a two-year high in October, why weren't more workers hired? Could be a lag, in which case December's unemployment numbers will look a lot better. Or the jobless aren't trying that hard to find jobs, or are a very bad fit for the jobs that are available - but it's probably all of the above.  [View news story]
    If I could collect an unemployment check indefinitely, I'd be pretty picky about the job I'd take too.
    Dec 7 01:23 PM | 7 Likes Like |Link to Comment
  • The deficit commission's plan fails to advance despite getting 11 votes of confidence - with three GOP House members and the Democrats' Max Baucus among the seven opposed - but then, would Congress have quickly swallowed $1T in tax hikes and cuts to healthcare and Social Security benefits anyway? The vote wasn't formal, so a symbolic victory will be claimed in getting even that much support.  [View news story]
    Disappointed in those that voted no, especially Paul Ryan. This plan hurt both sides of the aisle and was fairly bipartisan. I applaud and thank Bowles and Simpson for bring this solution to the public
    Dec 3 11:21 AM | 6 Likes Like |Link to Comment
  • News Corp.'s (NWS -3.1%) $360M purchase of 90% of education technology provider Wireless Generation 'just doesn't make sense.' Wireless isn't 'wildly profitable,' there were no other known suitors, and it provides no 'unique advantages' to News Corp., which won't know how to digest it, anyway.  [View news story]
    Wireless Generation is a stable company with stable profits, something the News Corp is not. News Corp probably wants to some stability to offset the instability of the newspaper/media industry.
    Nov 23 03:10 PM | Likes Like |Link to Comment
  • A bill to extend federally-funded benefits for long-term jobless workers fails to capture the two-thirds majority needed to pass in the House. Without an extension, some 2M people will be cut off from benefits by the end of the year.  [View news story]
    Keyword to me is "long-term" jobless benefits. I'm all for giving some help to those who lose a job and need some TEMPORARY assistance in getting by until they can get on their feet and find a job. Long term unemployment checks are treated like a job for some people, except for the only work they do is just sit there and collect
    Nov 18 03:23 PM | 4 Likes Like |Link to Comment
  • Home lenders (including the two biggest, BAC and WFC) have tightened standards for FHA loans beyond what the agency requires, putting homeownership out of reach of more folks and drawing fire from Realtors. Raising a minimum FICO rating to 640 from 620 weeds out about 6.3M people between those numbers.  [View news story]
    Those people that are complaining should rent a house and work on raising their credit scores before they buy a home. Why should a bank loan you money if they aren't reasonably sure they'll get it back? It's about time the banks started tightening down their mortgage loans.
    Nov 17 02:23 PM | 9 Likes Like |Link to Comment
  • Time to let the federal estate tax die, Casey Mulligan writes. The estate tax is extreme in the size of its exemptions and its marginal tax rates, and could be replaced by a tiny increase in payroll or income taxes.  [View news story]
    You paint a real nice picture of small business owners and farmers selling the family business but I don't really think those are the ones really being hurt by this. I'm not calling for a huge estate tax, but my gripe lies within trying to offset the elimination of an estate tax with an increase in taxing payrolls and incomes. To me that puts an unfair burden on those earning their money so that some can have it handed to them
    Nov 10 06:27 PM | 1 Like Like |Link to Comment
  • Time to let the federal estate tax die, Casey Mulligan writes. The estate tax is extreme in the size of its exemptions and its marginal tax rates, and could be replaced by a tiny increase in payroll or income taxes.  [View news story]
    I'm about as fiscally conservative as it gets but I don't agree with this at all. Letting the estate tax die and replacing it with an increase on income or payroll taxes rewards only the wealthy, hurting the less fortunate. I'd rather have people earn their own money and have the government take less of it than have people getting money handed to them by their mommy and daddy
    Nov 10 05:33 PM | 14 Likes Like |Link to Comment
  • China again tries to ease concerns about supplies of rare earth minerals, as a commerce minister says 2011 export quotas will not be cut significantly from current levels. The remarks come after Vietnam and Japan, a big consumer of Chinese rare earths, agree to partner on mining the minerals in Vietnam. REE -8.5%, MCP -7.3%.  [View news story]
    China doesn't want any competition. They realize the importance of these minerals and the future implications of supplying them. They had already squeezed out the competition and they don't want it coming back
    Nov 1 02:14 PM | Likes Like |Link to Comment
  • The U.S. is headed for a "fiscal train wreck," Nouriel Roubini writes, and the likely makeup of Congress after Tuesday's election virtually takes fiscal reform off the table. Paul Krugman concurs that large Republican gains would lead to Congressional chaos and a weaker economy.  [View news story]
    Divided government is key, get rid of the extremes in politics
    Oct 29 10:17 AM | 3 Likes Like |Link to Comment
  • The U.S. is headed for a "fiscal train wreck," Nouriel Roubini writes, and the likely makeup of Congress after Tuesday's election virtually takes fiscal reform off the table. Paul Krugman concurs that large Republican gains would lead to Congressional chaos and a weaker economy.  [View news story]
    Is it really a surprise that Krugman believes that Republicans will lead to chaos and weaker economy? He believes the govt can spend your money better than you can, a democrats pillar belief.
    Oct 29 09:42 AM | 10 Likes Like |Link to Comment
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48 Comments
185 Likes