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...recession for years on end, is more likely than the risk of a catastrophic double-digit output collapse,” Rogoff wrote. Rogoff also expressed the need for a speedy response by the Obama administration if the economic situation is to be rescued. “The longer the Obama administration dithers over a decisiveand comprehensive fix to the banking system, the greater the risks,” Rogoff wrote. According to Barro, America has been plagued by only two depressions since 1870—the post-World War I depression and the Great Depression. The Harvard economist?...
Wurzelbacher, Joe • inability of to ply trade of - "I can no longer actually work as a plumber ... I show up to your house. Say you lean way left ... You don't like my politics. You sit there and say, 'Joe the Plumber overcharged me, Joe the Plumber broke this.' That makes national news ... I've spoken to some of my plumbing buddies in town and no one really wants to touch me right now" - is deemed by to be the fault of Ohio officials because ... because ... wait, there is no because
...many observers agree, never the best use of taxpayer money. And now, with so many states facing major budget crises, it looks like it won't continue at the same pace much longer. California's prisons are so overcrowded and underfunded that a federal judge recently ruled that the state must release roughly a third of its 158,000 prisoners by 2012. The New York State legislature is close to scrapping the draconian Rockefeller drug laws that, by imposing mandatory sentences rather than rehab treatment, have kept many otherwise law-abiding drug users in prison for years. Other states, such...
...close to 13,000 former inmates have found jobs through the organization, and simply enrolling there cuts the chances of landing back in prison by half. "Our people are usually in the back of the line for jobs, but [in the current economy] that line just got a lot longer," says CEO and executive director Mindy Tarlow, who notes that it is taking twice as many calls these days vs. the pre-recession days (200 vs. 100) just to get a lead on a job. (See 25 people to blame for the financial crisis...
...Will an election heal the country? The longer that you leave it like this, the more divisions there will be. They have to settle it quickly, especially if they are sincerely loyal to the King. The word "loyalty" has been used as an excuse to acquire power. We have to ask those who are behind the divisiveness to stop meddling into the system. When I was in power, there was a meeting in one house on Sukhumvit [Road in Bangkok] and one of the attendees revealed to me--and I have the tapes of what happened--that the meeting...