Working Life

Putting aside the noise that rumbles from the Boehner-McConnell-Fill-In-The-Blank Republican divorced-from-reality view of the economy, who rail about job-killing taxes/regulation/voodoo, the far bigger threat to jobs right now hails from the halls of the Federal Reserve Board. It could, within weeks or months, guarantee that hundreds of thousands of people won’t have a job, and reawaken the deficit-mongering crowd’s call for cuts in government that will hurt millions more.

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When you cut through the chase about the economic debate of the future, it really boils down to this: What is the standard we should use in setting the  standard for a decent living? Apparently, The New York Times has decided: don’t count on decent pensions, don’t count on health care, and forget decent wages. […]

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   One of the enduring myths of Washington insider language is the need for the Federal Reserve Board to be "independent". This is utter nonsense and is, to a great extent, the reason our economy has collapsed–not just over the past year but over the past 30 years as it has failed to translate the […]

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   We live in very weird times. Here’s an example. So, commodity and energy prices are falling like crazy, as The Wall Street Journal reports: Raw materials registered another record drop in prices, while energy prices posted the biggest decline in over 22 years. The report suggests the weakening economy and falling energy prices should […]

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    I know…the faithful readers were wondering "where is our morning blog?" Well, it is the afternoon but your busy dude here has been…well, busy–panel in the morning and, then, there was lunch…but I digress…    Yesterday, there was a fascinating column in The New York Times–fascinating in showing out truly out of touch the […]

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    Unless you plan on buying the winning ticket in Friday’s $270 million mega-millions jackpot, you, and probably most people in the country, will continue to be on the front-lines of the economic quakes ahead. Every time I write about the economic nastiness brewing, I always say this: for most Americans, it’s been bad times […]

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    Unless you plan on buying the winning ticket in Friday’s $270 million mega-millions jackpot, you, and probably most people in the country, will continue to be on the front-lines of the economic quakes ahead. Every time I write about the economic nastiness brewing, I always say this: for most Americans, it’s been bad times […]

Read the full story