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Entries by Peter S. Goodman from 08/2011

Debt Ceiling Deal: Staving off Disaster With Disaster

| Posted 08.01.2011 | Business

We have stepped back from the debt ceiling ledge, averted our gaze from the pavement below, yet find ourselves staring at something hardly more comforting: a bleak future.

Bad Economics: Lack of Diversity Limits Clear View

Posted 08.01.2011 | Black Voices

Early last year, I spoke with a frequently quoted economist who exuded near-certainty that the American economy was on the verge of a dramatic expansi...

Stock Market Plunge: Storm Cloud In The Shape Of Timothy Geithner

| Posted 08.04.2011 | Business
Read More: Economy, Business News

Maybe the stock market freaked out at the talk that Treasury Secretary Tim Geithner is sticking around for more.

No Change In Jobs Report Equals Bad News

| Posted 08.05.2011 | Business
Read More: Business News

The latest jobs report changes nothing. We had no engine of economic growth when we all woke up on Friday morning, and we still don't have one. We have no operative plan to fix what ails us. We are in a bad place and sliding toward a worse one.

No Secrets In America's Latest Economic Crisis: Weak Economies, Weak Leaders

| Posted 08.09.2011 | Business

The global economy is weak and still weakening, while policymakers seem unable or unwilling to marshal a reassuring response. From the United States to Europe to Japan, economies are stagnating, and governments are tightening the straits by cutting back on spending.

HuffPost Small Business: Getting Back To Real Business

Posted 08.17.2011 | Small Business

For those of us who follow the business world, recent times have proven jarring and disheartening. A multitude of huge companies have so assiduously p...

Ben Bernanke Provides No Relief

| Posted 08.26.2011 | Business

There are two ways to read the much-anticipated words Federal Reserve Chairman Ben Bernanke issued this morning in Jackson Hole, Wy., and both of them are bad.

Obama's New Economic Adviser Warned of 'Disturbing Problem'

| Posted 08.29.2011 | Business

Back in March, when he still enjoyed remove from the policy fray as an academic at Princeton, Alan Krueger used unusually blunt language to sound the alarm that the American economy was staring at the sort of crisis that seemed unlikely to be fixed absent sustained and aggressive action. So the real question now is whether Krueger's appointment to the top spot on President Obama's economic advisory team will in fact alter the policies coming out of Washington, delivering initiatives that can create jobs. On that score, unfortunately, there is limited reason for optimism.

Long-Term Unemployed Losing Hold On Middle Class

Posted 08.31.2011 | Business

If anyone in America could plausibly claim immunity to the unemployment crisis, Joe Sangataldo figured to be the guy. He earned his wages at a county ...