Category Archives: The Economy

Unemployment caused by a skills gap? Nah, it’s just picky cheap employers

In the NY Times article, Don’t Blame the Work Force, Peter Cappelli, a professor of management at the Wharton School, has noted sharply different opinions between corporate executives, who typically say that schools are failing to give workers the skills … Continue reading

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Amtrak’s 15 little-traveled longer routes lose nearly $600 million each year. Northeast routes, earn an operating profit of some $205.4 million

From The Washington Post Wonk Blog (by Brad Plummer): The best way to think of Amtrak is that it’s essentially two different train systems rolled into one. One system is quite successful, the other isn’t. First, there are Amtrak’s shorter … Continue reading

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Financial systems appear to be returning to their inherently unstable nature, which plagued the 19th and early 20th centuries

From The Next Panic in the Atlantic Monthly: (Written by Peter Boone, a director at Salute Capital Management and a visiting senior fellow at the London School of Economics, and by Simon Johnson, a professor at MIT Sloan and senior … Continue reading

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What caused the wealth gap? (in the US over the past 30+ years)

So it’s not really Wall Street and big banks which are the source of our econmic problems, it’s globalization. From http://news.salon.com/2011/10/11/what_caused_the_wealth_gap/: “for most of American society, and certainly for the majority of Americans who don’t have a bachelor’s degree, globalization … Continue reading

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Graphical breakdown of $12.7 trillion added to the national debt over the past 10 years

A section of the graphical table showing what caused the increases in the national debt over the past ten years. Blue sections represent Obama’s policies. Red sections represent Bush policies. From the WhiteHouse.gov blog Where does our national debt come … Continue reading

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“Extend and Pretend”: The Severe Ramifications of Wall Street’s Game

If what this author is saying is true, how come no one is screaming about it on the daily news shows: “Extend and Pretend”: The Severe Ramifications of Wall Street’s Game: A systematic plan to create the illusion of stability … Continue reading

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Budget Puzzle: You Fix the Budget

The NYTimes has a fantastic multiple choice style test/puzzle called Budget Puzzle: You Fix the Budget for showing people what realistic choices are required to balance the (government yearly) budget. Most significantly, the web page shows the tremendous cost of … Continue reading

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