You: You heartless bastard! What about the jobs? Me: Chrysler employs 60,000 people. That’s a rounding error in the total number of jobs lost since the current downturn started. GM employs 240,000 globally, approximately 98,000 U.S. Again, compared to the 2.5 million lost jobs since October, 2008 those aren’t particularly meaningful figures from a...
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Via the Center for American Progress Action Fund a quick video on how union elections really (don’t) work in this country. For the next time someone complains about how unions are the root of our economic development problems in this state…
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Ya know, it really is about time we started establishing equivalency for people who rip off billions of dollars with people who kill and deal drugs. Here are some people who richly (get it, richly?) deserve to do some hard time. If nothing else, they need to have their assets seized, their rotten businesses...
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Kevin Hassett, author of the infamous investment tome, “Dow 36,000,” and economic advisor to John McCain, dispels some nasty recession myths: 4. Recessions are bad for your health. With more free time and less money on their hands, people tend to consume less tobacco, exercise more, prepare healthier meals and lose weight. In addition,...
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Yesterday’s closing of $104.52 makes it the highest ever in inflation-adjusted terms. I stopped for gas in Chicago yesterday and gas was $3.15, $3.29 and $3.51 for regular (87), standard (89) and premium (92). Brace yourselves.
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Crude closed above the psychological $100-barrel barrier on Tuesday for the second time. The next milestone? The inflation-adjusted all-time high of $103.76 which would be the equivalent of the price of a barrel in April, 1980. As I write, it sits at $101.34 on the NYMEX, exchange. NYT Article from this morning on oil’s...
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