Tina Dupuy: 40% of Americans actually make New Year’s resolutions. Sure, I did it once – five years ago this week I reluctantly quit smoking. How did I quit? Arctic turkey. I simply didn’t smoke. People who have never smoked think this is the moment of triumph. I went from heavy smoking to heavy sobbing.
Robert Reich: Americans have no choice but to pare back their debt. That’s bad news because consumer spending is 70 percent of the economy. It helps explain why we so few jobs are being created, and why we can’t escape the gravitational pull of the Great Recession without far more government spending.
The Lex Column in the Financial Times got it right: “… ‘less down’ is now the new ‘up’ as media watchers search for stabilization in the overall market.” The writer was referring to the world of advertising where some analysts were putting a hopeful spin on revenue that fell 18% over the first three months [...]