Economy
This is no time for gloating, neither for Americans nor for Europeans. For both sides are in deep economic trouble, only in different ways. The U.S. runs the worst deficit (as share of GDP) since World War II, and yet Keynesianism to the max won’t budge the unemployment rate—pace Professors Krugman and Stiglitz. What does fall is the dollar and the price of real estate, a double-whammy if ever there was one. READ MORE >>
Sally Cameron thought she had done everything right. After studying French and Arabic at a tony liberal arts college, she knew that graduate school would help her career chances. But when she hit the job market, her Ivy League management degree didn’t seem to matter. The worst recession in decades had pushed the unemployment rate to nearly 10 percent and good jobs were scarce. Sally paid the rent by tending bar and filled her time with volunteer work. READ MORE >>
The U.S. Economy: Not Yet in the Clear?
A Tale of Two Deficits
Broken Links
The Case for More Federal Aid
Geithner, A Personal Note, and a Geithner Personal Note
[Guest post by Noam Scheiber:] For those who haven't seen it on the homepage, I briefly wanted to plug my profile of Tim Geithner in the latest issue of the print magazine. The piece tries to explain how he recovered after his disastrous start in the Obama administration. My working hypothesis: READ MORE >>
From Mississippi to ‘The Corner’: A Tale of Right-Wing Wrongness
By now, it’s easy to be cynical about the Internet’s ability to degrade rational argument. After all, one can only read so many birther blogs without starting to go numb. Still, once in a while, the foggy chaos that is the online world parts, and we catch a glimpse of how the realm’s worst ideas form, adapt to the environment, and, despite their utter lack of fitness anywhere else (well, with the popular exceptions of AM radio and Fox News), thrive in cyberspace. READ MORE >>
Material World
Paul Ryan's Other Big Idea
[Guest post by Noam Scheiber:] READ MORE >>
