America’s Third World Economy
For a number of years I reported on the monthly nonfarm payroll jobs data. The data did not support the praises economists were singing to the “New Economy.” The “New Economy” consisted, allegedly, of financial services, innovation, and high-tech services.
Alex welcomes back to the show physician, Republican Congressman for the 14th congressional district of Texas, and former presidential candidate, Ron Paul.
This is an important moment in science history. I would describe it as a letter on the scale of Martin Luther, nailing his 95 theses to the Wittenburg church door. It is worthy of repeating this letter in entirety on every blog that discusses science.
Why Is Unemployment Rising?
Why is unemployment rising? Because the government is doing everything wrong.
Currency Tensions May Be Curbed With IMF Help, Strauss-Kahn Says
International Monetary Fund Managing Director Dominique Strauss-Kahn is seeking to boost the fund’s role in helping to temper conflicts over currencies.
More Bad News: 10 Things You Should Know About The Latest Economic Numbers
On Friday, headlines across the United States declared that “unemployment remains unchanged at 9.6%”. Many analysts rejoiced and heralded this announcement as a sign that we have hit bottom and that things will be turning around soon.
There is Only One Way Out of the Foreclosure Crisis
Unless the mega-banks are broken up and reined in, we’re in quite a pickle.
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