This widely reported "official" number overlooks the millions of people unemployed for more than a year, nor does it count those who are working part-time and looking for full-time work. The Department of Labor monthly report which includes people working part-time and looking for full-time work shows the real rate of unemployment.
Well, that was entertaining, wasn't it? We refer, of course, to the grand spectacle of the first Republican presidential debates, held last night on Fox News. Since this is all anyone's talking about in the political world today, we are going to follow suit and devote most of this column to our reactions.
Venture capitalism has a disproportionate impact on the economy. It helps to ensure that technological innovation enriches the few and sustains jobless economic growth. Industrial policy in the hands of the government ideally creates wealth and spreads it around. Venture capitalists pick a handful of winners as part of a process of concentrating wealth in fewer and fewer hands.
In the age of Big Data, corporate America knows a lot about us--our buying habits, where we travel, even our mental health. But ask Corporate America a simple junior high-level question in long division related to CEO compensation and some of these companies freeze like awkward teens at the sock hop.