Consider, for a moment, a tale of two countries. Both have suffered a severe recession and lost jobs as a result -- but not on the same scale. In Country A, employment has fallen more than 5 percent, and the unemployment rate has more than doubled. In Country B, employment has fallen only half a percent, and unemployment is only slightly higher...
The big question on the domestic front right now is whether President Obama understands the gravity of the employment crisis facing the country. Does he get it? The signals coming out of the White House have not been encouraging. The Beltway crowd and the Einsteins of high finance who never saw this economic collapse coming are now telling us with...
The words coming out of Washington this week about the American financial system have been frightening. But many have raised the possibility that the Bush administration is fear-mongering to gin up support for its $700 billion bailout proposal. In many corporate offices, in company cafeterias and around dining room tables, however, the reality of...