I know we're all up to our necks in the spectacle of the Republican candidate debates and the last gasps of the super committee, but it's the job market that matters most -- and not just jobs, but earnings.
Several shocks have recently buffeted the global financial system: unequivocal signs of a broader global economic slowdown; fresh market turbulence in the euro area; and the credit downgrade of the United States.
While our leaders in Washington pay little more than lip service to the need to reduce our nation's debt addiction, Americans by the millions are working harder than anytime in the past 40 years to live within their means.
American consumers can help their fellow citizens and our friends in China in their purchasing decisions. A former American president once urged all Americans to "go shopping." When we do, we should try whenever possible to buy American.
The day when the Federal Reserve began to lower interest rates to address a looming economic downturn, the New York Times ran a Tiffany & Co. ad on page three. The ad featured a lovely pair of diamond teardrop earrings for $230,000.