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...would start by changing what it means to be jobless. To begin with, this would require a massive increase in job retraining, one that assured that every laid-off worker had a chance to learn a new skill and years of funding to master it - instead of the six-month shots now generally offered. The Administration's proposal to increase funding to community colleges is a start. But it's only a start. Ideally, the White House needs to propose an omnibus employment-emergency bill that guarantees jobless workers a basic set of rights for two to three years: health...
...OPEC's Bad Boys In theory, 11 of OPEC's 12 members are obligated to follow production quotas, including the sharp cuts voted on last December, which helped to double world oil prices within a few months (only Iraq is exempted, because of the war there). OPEC quotas are crucial to propping up world oil prices; without them, oil futures would currently trade at between $25 and $30 a bbl., according to Edward Morse, head of economic research at Lewis Capital Markets in New York. But in reality, some OPEC leaders simply ignore their quotas, because they need every penny...
Traditionally, the VIX has been described as a "fear index": the higher the index, the greater the pessimism as investors fear market instability. Technically, it is a barometer of implied volatility over the next month, specifically calculated from options prices over the S&P 500's underlying stocks. Bearish put options, the right to sell a stock at a specified price in the future, generally dominate a high...
...article in the Wall Street Journal in July, British Prime Minister Gordon Brown and French President Nicolas Sarkozy appealed for new limits on oil speculators in order to curb "dangerously volatile" prices. That idea is expected to be debated during the G-20 meeting in Pittsburgh, Pa., later this month. (See a TIME video from the previous G-20 meeting in London...
Citing economic uncertainties this winter, the University once again pushed back capital campaign plans, which had called for a tentative 2011 launch date, despite relatively stable alumni donations at the time. Gift receipts from December fell just 2 percent relative to the same month...