Simon Jenkins: George Osborne should abandon the tribal morality of austerity and, like Japan, print money not for banks but for people Original post on guardian.co.uk Comments on reddit.com
China is on track to overtake America as the world’s biggest economy in 2016 as its growth accelerates, according to a report by the Organisation for Economic Co-operation and Development. Original post on telegraph.co.uk Comments on reddit.com
Senate Delivers a Devastating Blow to the Integrity of the Scientific Process at the National Science Foundation. Original post on prnewswire.com Comments on reddit.com
Author of 2006 review speaks out on danger to economies as planet absorbs less carbon and is ‘on track’ for 4C rise Original post on guardian.co.uk Comments on reddit.com
Guest post written by Julius Genachowski Julius Genachowski is chairman of the Federal Communications Commission. Julius Genachowski Walking the floor of the Consumer Electronics Show last week, I kept thinking of that line from Jaws, “You’re going to need a bigger boat.” All the Internet-connected, data-hungry gadgets that are coming to market sent [...] Original post on forbes.com Comments on reddit.com
Listened to the wrong economists. Original post on businessinsider.com Comments on reddit.com
It has been four long winters since the federal government, in the hulking, shaven-skulled, Alien Nation-esque form of then-Treasury Secretary Hank Pa Original post on rollingstone.com Comments on reddit.com
Pyongyang may be preparing to open up its economy. A report in a prominent newspaper claims the regime has enlisted the aid of German economic and legal experts to lay the groundwork for foreign investment in North Korean companies. The move could be made as soon as this year. Original post on spiegel.de Comments on reddit.com
Of course, 2013 will be fine, because the 1950s sure were. That’s the premise for the coming year, especially in regard to the agreement in Washington to raise U.S. tax rates on the well-off. Original post on bloomberg.com Comments on reddit.com
The fastest growing and shrinking economies in 2013MACAU will be the fastest growing economy this year, according to the latest estimates from our sister company,… Original post on economist.com Comments on reddit.com
The struggle over how to reach a broad Congressional tax agreement is not just the latest partisan showdown but rather the culmination of two years of escalating fiscal confrontations. Original post on nytimes.com Comments on reddit.com
After years of tip-toeing around the too-big-to-fail banks – despite their key role in devastating the world’s economy – the U.S. government has fina… Original post on consortiumnews.com Comments on reddit.com
http://theplanetd.com/images/bribe.jpg The Departments of Justice and Treasury are pretending that criminally prosecuting criminal banksters will destabilize the economy.The exact opposite is true.Failing to prosecute criminal fraud has been destabilizing the economy since at least 2007 … and will cause huge crashes in the future.After all, the main driver of economic growth is a strong rule of law.Nobel prize winning economist Joseph Stiglitz says that we have to prosecute fraud or else the economy won’t recover:The legal system is supposed to be the codification of our norms and beliefs, things that we need to make our system work. If the legal system is seen as exploitative, then confidence in our whole system starts eroding. And that’s really the problem that’s going on. ***I think we ought to go do what we did in the S&L [crisis] and actually put many of these guys in prison. Absolutely. These are not just white-collar crimes or little accidents. There were victims. That’s the point. There were victims all over the world. *** Economists focus on the whole notion of incentives. People have an incentive sometimes to behave badly, because they can make more money if they can cheat. If our economic system is going to work then we have to make sure that what they gain when they cheat is offset by a system of penalties.Nobel prize winning economist George Akerlof has demonstrated that failure to punish white collar criminals – and instead bailing them out- creates incentives for more economic crimes and further destruction of the economy in the future.Indeed, professor of law and economics (and chief S&L prosecutor) William Black notes that we’ve known of this dynamic for “hundreds of years”. Original post on zerohedge.com Comments on reddit.com
How the writers of crossword puzzles get paid — and the ways that’s changing. Original post on theawl.com Comments on reddit.com
Monsanto’s claim that it’s a Original post on aljazeera.com Comments on reddit.com
Despite a late October wallop from Superstorm Sandy and Washington’s ongoing pummeling of business and consumer confidence, the U.S. econ… Original post on nbcnews.com Comments on reddit.com
U.S. nonfarm payrolls increased by a seasonally adjusted 146,000 last month, while the unemployment rate fell to 7.7%. Original post on wsj.com Comments on reddit.com
Canada’s economic prosperity is at risk due to a labour market split that sees high-demand positions go unfilled while lower-skilled workers languish in unemployment, warn CIBC economists Original post on financialpost.com Comments on reddit.com
InsideClimateNews Original post on bloomberg.com Comments on reddit.com
A recent working paper from two economists at the San Francisco Fed indicates that the fiscal multiplier for infrastructure spending is at least 2. Original post on businessinsider.com Comments on reddit.com
A four degree Celsius increase would result in a very different world economy. Original post on usnews.com Comments on reddit.com
The Washington Post has been as aggressive as any Republican in Congress in hyping the dangers of letting the Bush tax cuts expire. It has run numerous front page pieces telling readers of the dire consequences of letting January 1 pass without a deal (e.g. Original post on cepr.net Comments on reddit.com
How did we get from nearly $6 trillion projected surpluses in 2001 to $6 trillion in new debt? As President Obama and Republican leaders in Congress square Original post on nationalmemo.com Comments on reddit.com
President Obama offers a commendable record and a more pragmatic vision for the future than Mitt Romney. Original post on baltimoresun.com Comments on reddit.com
Here it is, folks: The final jobs report before the 2012 Presidential Election. The Labor Department announced this morning that the U.S. economy added 171,000 jobs in October, and that the unemployment rate ticked up one-tenth of one percent to 7. Original post on time.com Comments on reddit.com
Voters may be uninspired by their choice for president on Nov. 6. On the issue most urgent to Americans – the economy – neither Barack Obama nor Mitt Romney has offered a credible plan that might spark growth and help create jobs. Similarly, on the issue that profoundly threatens the United States long-term – the debt – neither candidate has come forth with a prescriptive, balanced proposal of program cuts and increased revenues. Original post on observer.com Comments on reddit.com
Dot, an employee at Sensata for 43 years, demonstrating during the Bain Bus Tour in Janesville, Wisconsin. (Photo: WisconsinJobsNow)Do you support Tru… Original post on truth-out.org Comments on reddit.com