Kathleen Maclay: Research shows that cities with many college-educated workers tend to develop an innovation-based economy, which attracts even more well-educated workers, further reinforcing their edge.
His “broken windows theory” of combating crime—by maintaining order and focusing on minor infractions—helped re-shape LAPD policy. His work on bureaucracy influenced late 20th-century efforts to re-organize California governments.
Carl Bloice: The average period of unemployment now exceeds 26 weeks, well above the previous peak in July 1983 of just 21.2 weeks. This is critical because the longer that people of any age are out of work, the less likely they are to find another job.
Denis Campbell: Many economists predict a failure to act before Asia markets open Sunday or Monday night could see an immediate stock market loss of up to 5% and wipe out 10% of US GDP by Tuesday night. It’s that serious.
Carl Bloice: If one out of ten people seeking work can’t find any, it follows that the average person has a friend, relative or neighbor amongst them. All she or he has to do is look out the window or answer the phone to be scared.
Tom Hayden: It is time for our most prominent liberal economists to broaden their analysis of the domestic crisis to include spending for these unfunded wars. Only Joseph Stiglitz has done so.
Steven Hill: No one has been more influential in defining this narrative than New York Times columnist and Nobel Prize-winning economist Paul Krugman.
Sylvia Moore: The American left must be feared and respected by the politicians — instead of ignored and insulted. The way to do that is to be defiant in who we are as liberals and what we stand for.
Steven Hill: So when the authorities say “a recovery is under way” or “stimulus rather than deficit reduction” or “deficit reduction instead of stimulus,” remember: These are the same experts who are unsure of how to measure, who too often substitute ideology and partisanship for broken theory, and usually have been flat wrong in their assessments.
So let’s be grateful that the economy is getting worse more slowly than it was. But don’t be lured into thinking we’re ever going back to where we were. Most of the jobs that have been lost are never coming back.
Back in December, when it was obvious that the economy was in bad shape and before we knew how precarious it could get, Fareed Zakaria, editor of Newsweek International and columnist for Newsweek and the Washington Post, wrote, “For Obama to be remembered as a great president, he has to do nothing less than rescue […]
What’s the true cost of the war in Iraq? The total, long-term cost of everything from tanks and jet fuel and the interest on the money Washington is borrowing to the cost of caring for a double amputee for 40 years? It’s probably a lot higher than you think, but try about $3 trillion. That’s […]