Word: joblessness
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...states do take over the majority of social services, this country will face a dangerous rash of self-sorting. Jobless families, with little to anchor themselves in one place, will move to states with better services. The rich have little need for services and thus little reason to support them; they will stick together in states that will abolish services and entitlements designed for the needy. The nation's treasured middle class will split up along the borderline of need...
...Jobless Rate Down, Stocks...
Wallerstein says her results have long been vindicated by more statistically complete studies she inspired, like the one by Princeton's Sara McLanahan that found that children of divorce drop out of high school, become teen mothers and are jobless far more frequently than their peers. Wallerstein insists that "I have never told people to stay together at all costs," and opposes tougher divorce laws for being of dubious value for the children. Nor is she charmed by premarital waiting periods: "Time by itself does nothing. They would need to do something with that waiting period. What...
...ugly side of the issue encounters the thousands of destitute and jobless Americans who would presumably die out in the absence of government aid. Would politicians make the vital connection and slate some of the billions saved by closing the Federal Mints for the funding of shelters? No one should have to count on that kind of unusually thoughtful legislation...
...HUMBUG, JOBLESS: But newly-empowered Republicans praised Greenspan and hinted that they may give him what he has long desired: the freedom to pursue monetary policies without particular concern for full-employment policies. Currently, the Fed's directive -- in force since 1978 -- requires the central bank to pursue the aim of maximum employment, stable prices and moderate, long-term interest rates. But Sen. Connie Mack (R-Fla.), future chairman of the Joint Economic Committee, said today that he would "seek to remove all aspects of employment and economic control from the Fed's mandates." The Economic Strategy Institute, a liberal...