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Entries by Peter S. Goodman from 04/2012

Child Care Program Cuts Leave Working Poor Parents Struggling

Posted 04.04.2012 | Business

SANTA ROSA, Calif. -- Every time she pulls away from her parent's house, leaving behind her 3-year-old daughter, Angelina, as she heads to work at a l...

Euro Crisis Inspires Fresh Worries Of Threats To Global Economy

| Posted 04.18.2012 | Business

Europe's economy is like a patient stuck in a hospital run by quack doctors who see sickness as a form of moral failing, and leeches as the preferable cure. The only hope now is that Europe either manages a miraculous recovery or develops a case of something so inarguably lethal that real doctors come running with effective medicine.

Foreclosure Crisis The Result Of Rampant Greed Or Education Gap?

| Posted 04.19.2012 | Business

In the popular imagination, the American foreclosure crisis is a morality play in which comeuppance has landed on greedy people who had it coming. Homeowners gorged on the wealth they took out of their properties like fat people at a Vegas buffet, using exotic mortgages to fill living rooms with home theaters and garages with new cars. This view is hard to square with the facts, and now a new study offers a powerful argument that scarce incomes and rising costs for middle class life played a decisive role in putting homeowners in deep financial trouble.

Presidential Candidates Fail To Confront Bleak Job Market

| Posted 04.25.2012 | Business

Peruse the press coverage of the presidential election, where the outcome supposedly hinges on the economy, and you get the sense that President Barack Obama and Mitt Romney are huddled over a craps table waiting to see if the country is about to come up lucky sevens. If the economy shakes out right, then Obama wins a second term; if results are disappointing, he hands the keys to the White House over to Romney. But this established bit of wisdom obscures a foundational reality: In any plausible scenario, the one part of the economy most people care about -- the job market -- will remain bleak regardless of what happens between now and November.