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 Steven Rattner, The New York Times New statistics show an ever-more-startling divergence between the fortunes of the wealthy and everybody else — and the desperate need to address this wrenching problem. Even in a country that sometimes seems inured to income inequality, these takeaways are truly stunning. In 2010, as the nation continued to … Continue reading
via Arthur Delaney, The Huffington Post Since Republicans proposed drug testing the unemployed last week, both Republican and Democratic leaders in Washington have been quiet on the controversial proposal. Spokesman for House Speaker John Boehner (R-Ohio) and House Majority Leader Eric Cantor (R-Va.) have repeatedly referred questions on specific parts of a broader Republican jobs … Continue reading