economy

Boehner’s New Debt Limit Ransom: Cuts On Top Of Sequester

Boehner’s New Debt Limit Ransom: Cuts On Top Of Sequester
With the House Republican caucus still squabbling over what ransom they should demand for an increase in the debt limit, Speaker John Boehner issued his own threat this weekend: Cuts greater than the essential increase.
origin Author: 
Bill Scher
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Fighting Economic Fatalists: A National Strategy For Better Jobs

Fighting Economic Fatalists: A National Strategy For Better Jobs
Economic isolationism and neo-Ludditism would reduce everyone’s living standards. Most importantly, there are many ways to create good jobs and reduce inequality. Other nations are doing it; the United States is not.
origin Author: 
Robert Reich
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Economic Meltdown: Nuclear Plants Closing in Favor of Natural Gas

Economic Meltdown: Nuclear Plants Closing in Favor of Natural Gas
Around the country, nuclear power plants are shuttering their doors as the cost of regulations and repairs skyrocket. For major utility corporations, natural gas is a cheaper alternative.
origin Author: 
The AP
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China’s Acquisition of Massive US Pork Producer Smithfield Could Lead to Serious Health Concerns

China’s Acquisition of Massive US Pork Producer Smithfield Could Lead to Serious Health Concerns
The latest big story involving China’s acquisition of America should make us all nervous around the barbecue this summer: Shuanghui International has scooped up Smithfield, one of the world’s biggest pork producers.
This is a blockbuster deal worth almost $5 billion and it is part of a larger pattern of China buying us up. In fact, acquisitions like Smithfield -- a company started in Smithfield, Virginia -- represent the second stage of China’s bid to control the American economy.
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GOP Still Basing Economic Policy Decisions on Spreadsheet Error

GOP Still Basing Economic Policy Decisions on Spreadsheet Error
At this point everyone who follows economic policy debates knows about the famous Reinhart-Rogoff spreadsheet error uncovered by a University of Massachusetts graduate student. When the error is corrected, there is nothing resembling the growth falloff cliff associated with a 90 percent debt-to-GDP ratio that had been the main takeaway from the initial paper.
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Zero Manufacturing Jobs Added — Zero

Zero Manufacturing Jobs Added — Zero
President Obama set a goal of 1 million new manufacturing jobs in his second term. Last month we added zero. Not one. Nada. Zip. We did add low-wage jobs, though. Maybe we can talk about a national manufacturing strategy now?
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Why Our Trade Deficit Matters More Than Our Budget Deficit

Why Our Trade Deficit Matters More Than Our Budget Deficit
A trade deficit hurts the economy and jobs. Not only does it mean money is draining from the economy, but it also means our working people are pitted against low-wage workers. A trade deficit enables companies to cut wages. It is the primary reason everyone’s pay has been stagnant or falling since the end of the 1970s — when the balance of trade turned from surplus to deficit.
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Forest Service to States: Give Subsidies Back

 Forest Service to States: Give Subsidies Back
The U.S. Forest Service is in the business of preventing fires, not starting them. Yet the agency set off alarms in Congress and state capitols across the West by citing the automatic spending cuts as the basis for demanding that dozens of states return $17.9 million in federal subsidies.
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Housing Index Inches to Highest in Seven Years at 9.3%

Housing Index Inches to Highest in Seven Years at 9.3%
Home prices nationwide rose in February by the most in nearly seven years. The Standard & Poor's/Case-Shiller 20-city home price index jumped 9.3 percent in February from a year earlier.
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Richest 7% of Americans Grew Wealthier During Recession, New Study

Richest 7% of Americans Grew Wealthier During Recession, New Study
The richest Americans got richer during the first two years of the economic recovery while average net worth declined for the other 93 percent of U.S. households, says a report released Tuesday.
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