Working Life

   I’ve always been a bit skeptical about the ability of government statistics, economists and prognosticators–pretending to be in the last cateogry myself sometimes–to accurately portray what is actually happening to people. Government stats like Gross Domestic Product don’t tell you much other than stuff is being made–it doesn’t really give you a good picture […]

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   I do like those ironic coincidences that happen in the media. Generally speaking, when it comes to economic issues, I don’t think the editors have a clue that they have captured unintentionally the gist of our crisis. And, so, let me turn to today’s New York Times. The front page has two stories headlined: […]

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  These days are times for the Waltons of Wal-Mart to be dancing in the streets of Bentonville, Arkansas. After all, the economy is tanking and millions of people are heading for a painful few years, people are losing their homes, gasoline prices are on the rise, health care is continuing to evaporate–these are precisely […]

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  These days are times for the Waltons of Wal-Mart to be dancing in the streets of Bentonville, Arkansas. After all, the economy is tanking and millions of people are heading for a painful few years, people are losing their homes, gasoline prices are on the rise, health care is continuing to evaporate–these are precisely […]

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    Millions of workers have already been facing their own personal recession for a long time, whether or not the classic definition of a national recession has been met, or found, by the official prognosticators. But, speaking of prognosticators, my friends at the Center for Economic and Policy Research have just released a paper entitled […]

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    Millions of workers have already been facing their own personal recession for a long time, whether or not the classic definition of a national recession has been met, or found, by the official prognosticators. But, speaking of prognosticators, my friends at the Center for Economic and Policy Research have just released a paper entitled […]

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    As I wrote yesterday, the markets around the world are in a freefall. This morning, things are looking just as grim, with predictions that the Dow will drop 500 points in early trading based on what happened yesterday and overnight in foreign markets. The Federal Reserve has just announced a 3/4 of a point […]

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    As I wrote yesterday, the markets around the world are in a freefall. This morning, things are looking just as grim, with predictions that the Dow will drop 500 points in early trading based on what happened yesterday and overnight in foreign markets. The Federal Reserve has just announced a 3/4 of a point […]

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    Across the world, while the markets here are closed, there is a melt down under way. This is a report from The Wall Street Journal’s website: Asian stocks suffered a heavy blow Monday on fears of a U.S. recession, as India’s index set a record with a 7.4% plunge and 5% or more was […]

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    Across the world, while the markets here are closed, there is a melt down under way. This is a report from The Wall Street Journal’s website: Asian stocks suffered a heavy blow Monday on fears of a U.S. recession, as India’s index set a record with a 7.4% plunge and 5% or more was […]

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