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via The Economist Not since 1933 had an American president taken the oath of office in an economic climate as grim as it was when Barack Obama put his left hand on the Bible in January 2009. The banking system was near collapse, two big car manufacturers were sliding towards bankruptcy; and employment, the housing … Continue reading
via David Lawder, Reuters Massive U.S. government spending cuts and tax hikes due next year will cause even worse economic damage than previously thought if Washington fails to come up with a solution, the Congressional Budget Office warned on Wednesday. Without action by Congress to avoid a “fiscal cliff,” Americans should expect a “significant recession” … Continue reading
via Jens Hansegard, The Wall Street Journal Jim Butcher’s decision to join Sweden’s army of “latte dads” last year didn’t win him any popularity contests with family and friends back home in the U.K. “When I told my friends in England, they spat up their tea,” said the 35-year-old head of communications for digital-music company … Continue reading
via Eric Jaffe, The Atlantic Late last week [The Atlantic’s] Richard Florida wondered on Twitter whether pedestrian walking speeds might indicate a city’s economic activity — reflecting some sort of “urban metabolism,” as he put it. Turns out there’s a rather long history of research into the speed of walking in cities, and that the … Continue reading
via Amy Bingham, ABC News Now that the 12-member congressional “supercommittee” has announced its failure to produce an all-encompassing, deficit-reduction package before its Wednesday deadline, the full Congress faces deadlines of its own. Before lawmakers pack up for Christmas, they must first decide whether to extend the payroll tax break and long-term unemployment benefits, both … Continue reading
The Brandt Standard 