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...America now faces the direst employment landscape since the Depression. It's troubling not simply for its sheer scale but also because the labor market, shaped by globalization and technology and financial meltdown, may be fundamentally different from anything we've seen before. And if the result is that we're stuck with persistent 9%-to-11% unemployment for a while - a range whose mathematical congruence with that other 9/11 is impossible to miss - we may be looking at a problem that will define the first term of Barack Obama's presidency the way the original 9/11 defined George...
Since stocks are pushing higher, the VIX has obviously come down partially as a result of an easing of fear among investors. But these investors have not forgotten their fear, and it could easily escalate...
...Slow Money Alliance, is talking not about anyone's spending habits but money as a system: as money increasingly functions as electronic blips shuttling from screen to screen in speculative transfers, it becomes divorced from its effects in the real world and less reflective of actual wealth. The result, he says, has been bad for our economy, the planet and the individual investor. The antidote, according to Tasch, is expressed in the subtitle of his book, Inquiries Into the Nature of Slow Money: Investing as if Farms, Food, and Fertility Matter...
...Kabul embassy contract can be viewed as a case study of how mismanagement and lack of oversight can result in poor performance," concluded a Senate committee investigation published in June. POGO has said it has lost confidence in the State Department and called for the Pentagon, which has a mixed but improving record at handling contractors, to "immediately" take over supervision of the guards. The State Department, which has launched a number of investigations, continues to insist that, as appalling as the guards' behavior was, embassy safety was never actually jeopardized...
...safe country to study and work in, though he adds many Australians have yet to adapt to the reality that the formerly white nation has become a diverse, multicultural society. Luthra believes the Indian media went overboard in emphasizing the racial motivation of the assaults, and as a result, "Australia has picked up a tag as a racist country in India." That perception has further damaged a relationship already strained by the fallout over the Mohamed Haneef incident, in which an Indian physician was wrongly accused of aiding terrorists, and the acrimonious Sydney Cricket Test last year, in which opposing...