Jul 13 The No-Layoff Company — in Ohio By Paul Solman // Editor's Note: On Wednesday's program, a look at an improbable Rust Belt success story. With a guaranteed no-layoff policy and average pay of almost $70,000 this year, Lincoln Electric is atypical of U.S. companies. We last visited the… Continue reading
Jul 13 The No-Layoff Company — in Ohio By Paul Solman // Editor's Note: On Wednesday's program, a look at an improbable Rust Belt success story. With a guaranteed no-layoff policy and average pay of almost $70,000 this year, Lincoln Electric is atypical of U.S. companies. We last visited the… Continue reading
Jul 13 President Obama Hauls In $86 Million President Obama has raised quite a bit of money over the last three months. Photo by Saul Loeb/AFP/Getty Images. He may have to fight sky high unemployment, persistent economic pessimism and an energized political opposition to win… Continue reading
Jul 12 Smacking Into the Debt Ceiling: the Day-by-Day Consequences By Paul Solman Daily U.S. Government Income and Expenditures: Use the slide bar to see how Treasury's cash deficit is projected to grow if the debt ceiling is reached, starting with Aug. 3. Mouse over the red points to see the running deficit… Continue reading
Jul 12 Smacking Into the Debt Ceiling: the Day-by-Day Consequences Daily U.S. Government Income and Expenditures: Use the slide bar to see how Treasury's cash deficit is projected to grow if the debt ceiling is reached, starting with Aug. 3. Mouse over the red points to see the running… Continue reading
Jul 12 Clock Is Ticking on Debt Agreement White House Chief of Staff William Daley, Press Secretary Jay Carney, adviser David Plouffe and Communications Director Daniel Pfeiffer listen to President Obama during Monday's news conference at the White House. Photo by Chip Somodevilla/Getty Images. Television networks… Continue reading
Jul 11 Those Unemployment Figures May Be Even Worse Than You Think Job seekers register and pick up jobs fliers from employers at a June jobs fair in Los Angeles; Photo by Kevork Djansezian/Getty Images This post was updated at 10:47 a.m. ET on July 12 In the last week, the… Continue reading
Jul 11 ‘Have Wit, Will Travel’ By Paul Solman Economics was dubbed "the dismal science" by 19th century English intellectual Thomas Carlyle. The reason: the Reverend Thomas Malthus' grim prediction, around 1800, that population would inevitably outstrip food supply, since the former grows geometrically (1,2,4,8...), the latter, arithmetically (1,2,3,4...). Continue reading
Jul 11 ‘Have Wit, Will Travel’: The Life of an Economist And Stand-Up Comic By Paul Solman Economics was dubbed "the dismal science" by 19th century English intellectual Thomas Carlyle. The reason: the Reverend Thomas Malthus' grim prediction, around 1800, that population would inevitably outstrip food supply, since the former grows geometrically (1,2,4,8...), the latter, arithmetically (1,2,3,4...). Continue reading
Jul 11 Debt Ceiling Negotiations Enter Round 3 President Obama walks from a Marine One helicopter back to the White House on Sunday. Photo by Brendan Smialowski/Getty Images. The debt and deficit negotiations are now aimed at accomplishing two goals. The first goal for all sides… Continue reading