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Stimulus for Cotton Candy, Tango and a Fish Orchestra? Wacky, or Actually Worthy?

Sat, 07 Nov 2009 00:00:00 -0800

ProPublica - By Michael Grabell - Nov. 07 (Investigative Report) - Breakfast at Fuddruckers: $19.24. Snow cone and cotton candy machine: $146.89. Six extra preview performances of “Little House on the Prairie – the Musical”: $50,000. Benefit to the economy? According to the recipients of this stimulus money: Priceless.

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10 of the Nuttiest Statements Elected Officials Have Made in the Health Care Battle

Sat, 07 Nov 2009 00:00:00 -0800

AlterNet - By Joshua Holland, AlterNet - Nov. 07 (Opinion) - Wild, over-the-top rhetoric and bizarre conspiracy theories about health reform aren't just coming from the right-wing blogs and talk-radio loudmouths.

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Evergreen shifts work to China

Sat, 07 Nov 2009 00:00:00 -0800

Boston Globe - By Erin Ailworth - Nov. 07 (News Report) - Little more than a year after cutting the ribbon at a new factory in Devens built with more than $58 million in state aid, Evergreen Solar said yesterday that it will shift its assembly of solar panels from there to China.

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Soaring U.S. Unemployment Threatens Path to Economic Recovery

Sat, 07 Nov 2009 00:00:00 -0800

Bloomberg - By Timothy R. Homan - Nov. 07 (News Report) - The unemployment rate in the U.S. jumped to 10.2 percent in October, the highest level since 1983, threatening the emerging economic recovery and giving President Barack Obama and Democrats a bigger hurdle to overcome before next year’s Congressional elections.

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Obama Faces His Anzio

Fri, 06 Nov 2009 00:00:00 -0800

New York Times - By Paul Krugman - Nov. 06 (Opinion) - President Obama chose a cautious approach rather than bold action on the economy, and the decision may haunt Democrats for years to come.

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Want to Save Our Economy from Almighty Greed? Here Are 10 Crucial Fights and Key Fighters to Watch

Fri, 06 Nov 2009 00:00:00 -0800

AlterNet - By Zach Carter - Nov. 06 (Opinion) - There are no less than four federal regulators responsible for overseeing consumer protection in finance, and all of them are terrible.

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Faces of a jobless recovery

Fri, 06 Nov 2009 17:00:00 -0800

Washington Post - Nov. 06 - For Lisa Hall, this is what 10.2 percent unemployment looks like: spending all day at shopping malls going from one store to another in search of a $10-an-hour job, but being constantly told that no one is hiring. For M&M Appliance in Northwest

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Unemployment in U.S. Jumps to 10.2%, Payrolls Fall

Fri, 06 Nov 2009 00:00:00 -0800

Bloomberg - By Timothy R. Homan - Nov. 06 (News Report) - The unemployment rate in the U.S. soared to a 26-year high of 10.2 percent in October and employers cut more jobs than forecast, underscoring why Federal Reserve policy makers say interest rates will remain near zero.

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Unemployment Rate Hits 10 Percent For The First Time Since 1983

Fri, 06 Nov 2009 00:00:00 -0800

Associated Press - By Christopher S. Rugaber - Nov. 06 (News Analysis) - The 10.2 percent jobless rate for October shows how weak the economy remains even though it is growing. The rising jobless rate could threaten the recovery if it saps consumers' confidence and makes them more cautious about spending as the holiday season approaches. Read more at: http://www.huffingtonpost.com/2009/11/06/unemployment-rate-hits-10_n_348185.html&cp

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Too Big to Fail - Too Big to Exist -

Fri, 06 Nov 2009 00:00:00 -0800

senate.gov - By Senator Bernie Sanders - Nov. 06 (Statement) - Senator Bernie Sanders introduced legislation that would break up financial institutions that are too big to fail. "If an institution is too big to fail, it is too big to exist," Sanders said. "We should break them up so they are no longer in a position to bring down the entire economy. We should end the concentration of ownership that has resulted in just four huge financial institutions holding half the mortgages in America, controlling two-thirds of the credit cards, and amassing 40 percent of all deposits."

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With tax break, a big carbon footprint

Thu, 05 Nov 2009 00:00:00 -0800

Boston Globe - By Edward L. Glaeser - Nov. 05 (Opinion) - ENVIRONMENTALISTS who are worried about global warming should pay attention to the congressional debate about extending the home buyers tax credit. Federal tax policies toward housing have long encouraged Americans to emit more carbon. President Obama could do the country, and the planet, a service by either refusing to sign the extension of the $8,000 credit or by insisting that it be accompanied by offsetting reductions in the home mortgage interest deduction.

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On the Job

Thu, 05 Nov 2009 00:00:00 -0800

New Republic - By Anthony Wright - Nov. 05 (Opinion) - It’s strange that on-the-job coverage gets relatively little attention in the debate, even though more than half of Americans have health coverage through their employers. That's more than the Americans in programs like Medicaid and Medicare (around a third of the population) and much more than the Americans who buy coverage as individuals (less than a tenth of the population).

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Illinois data on stimulus-related jobs saved, created don't add up