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Carl Falotico: Don't spend the TARP money on job creation
12 hours ago ago from Capital City Free Press
The Unites States got some unexpected good news the other day when it was announced that losses from the Troubled Asset Relief Program would be about $200 billion lower than was predicted this summer. This means that overall the program is expected to cost just $141 billion out of the $700 billion that was budgeted for it (not a bad price given it probably played a big role in preventing a global depression). As good as this is, politicians ...
Related contentWill The Proposed Stimulus Program Save You Financially?
17 hours ago ago from Fort Worth Bankruptcy | Dallas Bankruptcy :. Reed's Bankruptcy Blog
President Barack Obama is proposing a stimulus program that’s designed to combat the high unemployment rate plaguing the nation. But will the new stimulus program help the average American avoid foreclosure and bankruptcy ? Obama proposed new spending for highway and bridge construction, for small-business tax cuts and for retrofitting millions of homes to make them more energy-efficient. He said he wanted to extend economic stimulus ...
Related contentJobs Bill to Greet U.S. Senate at 2010's Start
19 hours ago ago from BloggingStocks
Assuming that a health care reform bill is passed by the end of this week, the Senate can turn its attention to the next pressing priority for the nation when it returns in January: jobs and the jobs bill. The U.S. House approved a $154 billion economic aid package by a vote of 217-212 last week, Bloomberg News reported . The package provides money for infrastructure projects, and also extends unemployment benefits and aid to ...
Related contentGood News on Jobs Front but Still no Signs of a "Robust" Recovery | Corporate Accountability and WorkPlace | AlterNet
2 hours ago ago from Corporate Accountability and WorkPlace | AlterNet
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Related contentSurprises for 2010?
14 hours ago ago from Mr. Monopoly
Doug Kass's 20 Surprises for 2010 . Kass has made a lot of good calls in recent years. This list contains several ideas that seem entirely plausible to me, and other possibilities (perhaps more remote), which are certainly thought-provoking. Research Reloaded: A strong U.S. dollar trend has been definitively established . Uh-oh - all of a sudden the long side is starting to look overcrowded. "If we agree that excessive credit and ...
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Lloyd Chapman: House Jobs Bill Falls Short of Real Solutions
15 hours ago ago from Huffington Post
Leaders from the U.S. House of Representatives have narrowly passed a, "Jobs for Main Street Bill," and once again failed to heed strong recommendations from America's 27 million small businesses. The bill has drawn strong criticism from both Republicans and Democrats: "As the old axiom goes, the definition of insanity is doing the same thing twice and expecting different results. With that in mind, it's astounding Speaker Pelosi would ...
Related contentDeepak Chopra: Is This a Spiritual Crossroads?
17 hours ago ago from Huffington Post
A front-page poll in the New York Times confronts an issue no one likes to talk about: the pain of losing our job. Fifty percent of the unemployed have borrowed money from friends or relatives. Around the same number have experienced depression or anxiety. Four in ten are struggling enough that they have noticed behavioral changes in their children. Normally, a recession as bad as this one wouldn't be coupled with a jobless recovery. The ...
Related contentPrune Perromat: Among Other Obstacles on the Road To Recovery: A New Consumer Behavior
13 hours ago ago from Huffington Post
An inspired economic commentator told me recently that spending was like some cocaine for the American economy: it helped the country to get going and get excited. Now, since the start of this recession, Americans drastically curtailed their overall spending. Among other shocking figures, during the third semester 2008, only a year ago, spending in non-durable goods (mostly clothing and food) fell 6.4 percent, its largest decline since ...
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