Why aren't businesses hiring?

Around Chicago, some executives blame their caution on a view that American consumers are destined to disappoint for many years to come. Full Story »

Posted by Joey Baker - via Washington Post , Memeorandum, Real Clear Politics, Salvador Sala (t), miker1717 (t), Patrick McDermott (t), JR Russ (t), Ray Nichols (t), avivao (f), Kaizar Campwala (f)
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Subjects: U.S., Politics, Business, Local
Member Tags: am update
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Posted by: Posted by Joey Baker - Aug 20, 2010 - 6:36 PM PDT
Content Type: Article
Edit Lock: This story can be edited
Edited by: Joey Baker - Aug 22, 2010 - 8:32 AM PDT
Joey Baker
3.7
by Joey Baker - Aug. 22, 2010

The Washington Post questioning the political narrative is good by me. It's a shame these are mostly anecdotal data, and all from one area of the country.

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Randy Morrow
3.2
by Randy Morrow - Aug. 24, 2010

Across the industrial parks and office towers of the Chicago region, in a more than a dozen interviews, senior executives said they see Americans for years ahead paying ... More »

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Mike Carlson
3.1
by Mike Carlson - Aug. 22, 2010

This is a case of pot-ah-to and pot-eh-to. Some see the way out to invest in new technologies that cut labor cost. Others see the way out through hiring workers. The second alternative actually puts money in the hands of those who will spend it.

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Thomas John Andros
4.0
by Thomas John Andros - Aug. 22, 2010

It offers an interesting insight into business thinking even if their logic might be self-defeating.

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Sid Griest
4.0
by Sid Griest - Aug. 22, 2010

Yes, it's a straight forward account of what biz executives were reporting (and without any apparent political spin, much appreciated in this current political season). Awaiting "the light at the end of the tunnel" they're simply saying it's a very long, longtunnel (temporally). I'm sn investor in financing for small biusinesses (future receivables contracts). We have increased the risk assessment of the probability of a further deflationary recession/depression upwards from 25% toward -50%. is only prudent to exercise profound caution when our and our employees futures are at stake - we will nue to "run flat" and safeguard our financial resources in order to respond accurately and rapidly to the shifting economy.

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