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Economics

The Real Job Creators: Consumers

Sunday, June 24, 2012
Category: Economics

From www.forbes.com

If you don’t have more customers, you won’t hire more workers. If the demand for goods and services stays where it is today and we only cut industry taxes and regulations, there is absolutely no reason to think that firms would expand employment.

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Does Obama Know Why the Public Sector Isn’t ’Doing Fine’?

Sunday, June 24, 2012
Category: Economics

From www.bloomberg.com

Obama is right that it’s a problem that states and cities can’t afford to expand or retain their workforces. If the president wants to know why state and local governments can’t afford to hire, he could start by asking his own supporters in public employee unions.

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The End of the World as We Know It

Thursday, June 21, 2012
Category: Economics

From www.project-syndicate.org

Over the next few years, the world economy slumps into what future historians will call the Second Great Depression. Unemployment rises to record-high levels. Governments without fiscal resources are left with little option but to respond in ways that will only exacerbate problems for other countries: trade protection and competitive exchange-rate depreciation.

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Portugal Shrugs at Austerity - NYTimes.com

Wednesday, June 20, 2012
Category: Economics

From www.nytimes.com

There is little immediate prospect of growth, economists say, particularly with educational levels far lower here than anywhere in the European Union or in much of the developed world. In 2009, only 30 percent of Portuguese adults had completed high school or its equivalent, according to figures from the Organization for Economic Cooperation and Development.

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Why The Economy Can′t Get Out of First Gear

Tuesday, June 19, 2012
Category: Economics

From robertreich.org

The major reason this recovery has been so anemic is not Europe’s debt crisis. It’s not Japan’s tsumami. It’s not Wall Street’s continuing excesses. It’s not, as right-wing economists tell us, because taxes are too high on corporations and the rich, and safety nets are too generous to the needy.

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Credit WritedownsWelcome Back to 1931

Tuesday, June 19, 2012
Category: Economics

From www.creditwritedowns.com

The parallels between Europe in the 1930s and Europe today are stark, striking, and increasingly frightening. We see unemployment, youth unemployment especially, soaring to unprecedented heights. Financial instability and distress are widespread.

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Germany, Not Greece, Should Exit the Euro - Bloomberg

Tuesday, June 19, 2012
Category: Economics

From www.bloomberg.com

All the debate about the pros and cons of a Greek exit from the euro area is missing the point: A German exit might be better for all concerned.

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Whatever Happened to Natchez? How to End the Nightmare of Jobless America « naked capitalism

Monday, June 18, 2012
Category: Economics

From www.nakedcapitalism.com

Conventional wisdom assumes that economically distressed areas exist only in inner-city slums or rural backwaters. But dead zones, although plagued by persistent high unemployment, rarely fit those stereotypes.

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China Goes Where Obamacare Refused to Tread: Takes on Big Pharma on High Priced Drugs

Wednesday, June 13, 2012
Category: Economics

From www.nakedcapitalism.com

Emerging economies are increasingly flexing their muscles over stratospherically-priced life-saving drugs. And before the Big Pharma defenders start caviling about how the high cost of drug development is squeezing profits, it’s hard to be sympathetic.

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Tim Harford — Article — Pound for pound 99p is worth every penny

Wednesday, June 13, 2012
Category: Economics

From timharford.com

Several studies support the more intuitive idea that consumers simply ignore the pennies and round down. Whatever the reason, the fact is that 99p endings are extraordinarily common and they appear to attract consumers.

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