The problem is how to create enough new jobs to generate more demand for goods and services. And only government is in a position to do that at present. Nothing else will generate the growth we need.
Rising demand for German goods, an improving business climate and stability in Spanish housing should have given markets cause for celebration. However, after the substantial rally we've seen, and the headwinds yet to be tackled within the region, caution has crept back into markets.
Profits are not the problem. Blind, relentless pursuit of them at any cost by any business large or small is.
President Obama might do well to study what happened to FDR in 1937. At the very least he should not give up on his demand that Congress provide a modest level of support for further federal spending on behalf of state and local governments.
Look at your income and expense line by line. Where can you make adjustments?
HMV has squandered its place as the quality mass-market music retailer. This is a loss for all of us.
Japan was like a rich man with a lot of savings, but it has spent too much over the last 20 years. The United States is still a reserve currency country, but its deficits pose a threat as the national debt becomes a serious issue for its economy.
It's time for the state of Illinois and all state governments to take action. Increasing funding for lynchpin programs such as homelessness prevention and increasing the minimum wage are good places to start.
December 2012 marked the fifth year since the official onset of the Great Recession in December 2007 and more than three years since its official end in June 2009. What does the picture look like for Americans aged 55 and older today?
While Newt Gingrich represents much that has been wrong with the Republican party for the last 20 years -- and is as responsible as anyone for the extreme partisanship in Washington today -- he has clearly learned some lessons from the past.
Looking back at 2012 it is clear that the jobs market turned in a solid and underwhelming performance. In fact, 2012, was a slightly weaker re-run of 2011 with a significant decline in the headline unemployment rate.
I don't blame the president for compromising on the fiscal cliff, but the debt ceiling is a whole other matter. Given the severe consequences of a potential default, there is no end to what the GOP might demand.
As we begin a new year together, one resolution I would like to propose is that you make this the year where you transform your relationship with money.
Considering the art of rock climbing and sport of cliff scaling, we might have better fiscal sports analysis from ESPN than CNN. We know it's got something to do with debt and taxes. Just what we're not clear.
Reporters need to ask Obama two series of questions. Who insisted on creating the fiscal cliff, threatened Republicans in Fall 2011 when they wanted to eliminate or reduce it, and after the "failure" of the November 2011 "super committee" to reach a deal to inflict even greater austerity on the nation, made a veto threat to block a Republican proposal to eliminate or delay the fiscal cliff? The answer is: Obama. Obama's driving role in creating and maintaining the "fiscal cliff" makes his warning of the necessity of avoiding "self-inflicted wounds" (recession by austerity) imposed by the fiscal cliff another proof of our family rule that it is impossible to compete with unintentional self-parody. We need to convince Obama to follow his own advice and eliminate the self-inflicted wound (recession) by eliminating, not delaying, the fiscal cliff and safeguarding the safety net.