Working Life

   Oh, you know, these guys continue to be stupid. Yesterday, I reluctantly watched "60 Minutes" because I was curious what Fed Chair Ben Bernanke had to say. Frankly, it was pretty boring…a la Bernanke is mad at AIG yada yada…    And this was the only thing that made my hair stand on end […]

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Strap yourself in here because to get to the satisfying end, you’ll have to channel your inner numbers wonk. But, here’s the story: we can save ONE MILLION JOBS by investing about $16 billion. Save jobs…not just create new ones to try to re-employ people. And it would be fast, immediate and efficient.   As […]

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  It’s often said we live in a global economy. Yet, we tend to spend most of our time thinking only about how the economic financial crisis has sent a sea of Americans to the jobless line. The global picture, however, is even more catastrophic: 50 million additional people may find themselves jobless by the […]

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   This is simply an open thread if someone has anything to comment on about the discussion I will have taken part in on CNBC at 8 p.m. Eastern. It’s pegged to this ugly report: The government’s report of vast job losses in November, the largest monthly decline in a generation, puts more pressure on […]

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   How about this to send you off to your weekend, from The Wall Street Journal this morning: Companies are shedding workers at an accelerating rate, some in response to declining sales and others in anticipation of tougher times ahead. Job losses are spreading far beyond the housing and finance sectors at the center of […]

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   How about this to send you off to your weekend, from The Wall Street Journal this morning: Companies are shedding workers at an accelerating rate, some in response to declining sales and others in anticipation of tougher times ahead. Job losses are spreading far beyond the housing and finance sectors at the center of […]

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   Readers here know that I’ve been repeatedly saying things will get much worse, regardless of any one-day swings in the stock market. I’ve been saying for many, many weeks that we are going to see very big problems come the holiday season–the more important time for retailers and other businesses to bring in sales. […]

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   It’s enlightening to read the economic data popping out from the various number crunchers. Guess what? Productivity climbed beyond anyone’s expectations, according to this story on The Wall Street Journal’s website this morning: Nonfarm business productivity jumped 4.3%, at an annual rate, in the second quarter, the Labor Department said Thursday. That’s almost double […]

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Look no further for evidence that Congressional Republicans will be buried in 2008 then the vote yesterday to extend unemployment benefits. Republicans are threatening to block the bill in the Senate and/or President 28 Percent is promising to veto the bill. Please do–and stand back to usher in a filibuster-proof Democratic Senate and a huge […]

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    More news today: The economy shed 80,000 jobs in March, the third consecutive month of rising unemployment, presenting a stark sign that the country may already be in a recession. Sharp downturns in the manufacturing and construction sectors led the decline, the biggest in five years. The Labor Department also said employers cut far […]

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