Economy & Jobs

Austerity in Greece a Huge Success? Time Will Tell

Jan
14

IMF Chief Christine Lagarde Sees Greece 'Reaping Benefits' of Austerity:

What technical analysis and the history of crisis management tells us, is that you're better off doing it [deficit reduction] strong and hard at the beginning in order to reap the benefits of the process

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Wrong-Way Larry

Dec
08

Larry Summers:"If they [Democrats] don't pass this bill in the next couple weeks it will materially increase the risk that the economy would stall out and we would have a double dip."

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Better Paychecks -- Coming to a Walmart Near You

Jun
24

I'm not too up on the agreement between Walmart and Labor about opening a 2nd WalMart store in Chicago but Progress Illinois is reporting that part of the deal is a $8.75/hr. starting salary and then an increase of 40-60 cents after the first year.

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Site de Jour: Good Jobs Chicago

Jun
23

From their 'About Us' page:

The Good Jobs Chicago Coalition (city-wide religious and community coalition) advocates for the importance of quality jobs to stabilize and grow our communities. The Good Jobs Coalition is made up of community partners with a commitment to responsible growth and corporate accountability.

http://goodjobschicago.org/

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Time for Poor People's Marches?

Jun
17

Senate votes no on world's most stingy stimulus bill. Erza points out that with close to 10% unemployment, maybe deficit reduction isn't the most important thing:

There'll come a time when we need to start reducing the deficit. If we can get the economy back into gear, that time might even be soon. But for now, increasing the size of the deficit isn't some nasty side effect of stimulus spending. It is, quite literally, the point of the enterprise.

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Herbert Hoover Economics

May
28

Not a big deal but Kimbriell Kelly, editor of The Chicago Reporter, rattles off this cheap shot as her contribution to 'losers of the month' on WBEZ's 'Month in Review: Winners and Losers in May Headlines':

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Decline of the West?

Apr
28

With all the economic turmoil happening in Greece and other European countries, it's interesting that no one is thinking of the potential fallout on the political side of the ledger. If the Great Depression of the '30s has anything to teach, it's that awful economic conditions can have absolutely toxic political consequences.

How far we have fallen from the glory days of the Fall of Communism — mostly due to Greenspan/Rubin style laissez-faire economics.

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Inaction Is Complicity

Apr
06

The strangest thing about these economists is the assumption that if we just ignore this problem, things will be fine and dandy socially speaking -- rather than the far more logical outcome that things won't be pretty in America (to say the least). You screw people over long enough and they're bound to strike back in very unpleasant ways.

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NYT's David Leonhardt on the Brian Lehrer Show (WNYC)

Feb
17

David Leonhardt's article "Judging Stimulus by Job Data Reveals Success" got a lot of play on a number of blogs. People might be interested in hearing him discussing the issue today on the Brian Lehrer Show (WNYC).

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