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...January, the economy lost 600,000 jobs. There is no reason to think that the monthly number will be any smaller between now and the end of April. The biggest concern will be whether the near-term future looks so grim to managements that they will begin another substantial round of cuts as they look at their likely second quarter results. This would indicate that the total job loss for 2009 could move above six million. To economists, that would look like the end of the world...
...Hyatt dynasty, is the founder and CEO of Hyatt Classic Residence, and was named as one of the wealthiest people in the United States by Forbes Magazine. Pritzker served on the Board of Overseers, the University’s second highest governing body, for a six-year term that began in 2002. The Economic Recovery Advisory Board, which Obama first announced in Nov. 2008, will be headed by former Federal Reserve Chairman Paul A. Volcker. Volcker’s supporting cast is a collection of premier economists from academia and Washington, as well as wealthy Wall Street representatives...
...campaign was further delayed when University President Drew G. Faust entered Mass. Hall with several school leadership positions vacant, complicating an immediate start to campaign planning, which requires top administrators to provide input on long-term strategic initiatives both at their schools and across the University...
...Clinton leaned heavily on his left flank early in his term and soon discovered no one else was following him. Bush clung to his base from the start - and never budged. (Both men were re-elected; Clinton by moving to the middle; Bush by refusing to do so.) I doubt either man would repeat their strategy if they could do it all over again. While there aren't many centrist votes in Congress to build anything around anymore, there are legislative proposals that moderate voters will appreciate...
There are obvious reasons to sustain school districts. Obviously, no one wants to increase class sizes or the number of teachers on the unemployment rolls. But education cuts hurt society in subtler ways as well. They can undermine the long-term prosperity of the nation, denying the America of 10 or 20 years from now the well educated workforce it will need. Harvard economics professors Claudia Godin and Lawrence Katz have estimated that increasing education led to a 0.37-percent rise in productivity among American workers since 1915. Education cuts threaten to stifle this growth and jeopardize American productivity...