Overview for weak-recovery

Being Poor Again

I should have sold my eggs , I thought as I drunkenly biked home after I was fired . In an act of kindness, my stunned coworkers bought me dinner and drinks at the bar nearby. I nearly broke down at the table over tacos, but one of my coworkers fiercely shook my shoulders. “No. No. You …

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Written by Galatea on Tuesday October 25, 2011

Why Companies Won't Hire

In my column for CNN, I discuss some of the reasons why very few companies are currently hiring: Even if we avoid a second recessionary dip, we're stuck on a very, very disappointing path. Call it the 1936 parallel. From 1933 to 1936, the U.S. economy grew strongly, almost 10% a year. When …

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Written by David Frum on Monday August 8, 2011

Dysfunctional Politics Have a Price

S&P has now downgraded the US government from AAA to AA+, a historic downgrade. The effects of this downgrade will no doubt echo throughout the US and global economy. Zero Hedge posts the full text of the S&P statement. Contrary to what you might read in some quarters of the media , …

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Written by Fred Bauer on Friday August 5, 2011

Signs of Progress

Charles Krauthammer endorses abolishing both the healthcare exclusion and mortgage interest deductibility. Add a carbon tax or VAT and you've got a Republican offer enticing enough to gain meaningful Democratic concessions on entitlement spending - while still meeting Republican goals of holding …

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Written by David Frum on Friday August 5, 2011