Word: mckelvey
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...biggest online job-search company, Andrew McKelvey is worried less about competition from HotJobs.com or CareerBuilder.com than about his ongoing battle with newspapers for small companies' classifieds. He recently spoke with TIME's JEREMY CAPLAN...
...income spectrum, they seem to be having more difficulty making payments," says Sohn. Over time, the deficit could worsen that effect, by making interest rates higher than they would have been otherwise. "Its effects on the economy are slow and cumulative," says Ed McKelvey, senior economist at Goldman Sachs. "It's like driving with your emergency brake...
...BOTTOM LINE Neither candidate delves into specifics of how he will trim the deficit, and both propose expensive new programs, so economists are wary of their pledges to rein in spending. When the spending caps exclude Social Security, Medicare, education, defense and homeland security, McKelvey asks, what's left...
...MCKELVEY: Problem is, you will have this huge increase in taxes that's nothing more than peeling back what was done...
...MCKELVEY: If you're asking what does it mean to the average person, it means interest rates are higher than you might have otherwise had. It eventually means a threat to the growth rate, and it also means people will have this uncertainty whether Medicare and Social Security payments are going to come as promised. Right now the deficit is helping the economy grow, so it's very much an American story--more now at the risk of having to pay later...