Economy

This category contains 5 posts

America’s death spiral

If you were unnerved by the debt ceiling spectacle of the last month, where America came across like a Third World nation, get used to it. It’s a sign of things to come. Americans often talk about our uniqueness, of how we are a shining example to the world. When it comes to providing freedom to its … Continue reading »

The debt crisis – every story needs a villain and Eric Cantor is this one’s

During the 2008 presidential campaign one of the mottos of Republican John McCain’s campaign was “Country First.” The implication being of course that the country’s best interests trump that of either political party. Well McCain lost and his party has decided to ignore that motto as well. The fight over raising the debt limit, what … Continue reading »

Public sector employees need to suck it up

Due to protesting government workers, the capitals of Wisconsin and Indiana are looking more and more like the capitals of Libya and Yemen these days. Workers are understandably upset that certain bargaining rights that they have always had may be taken away from them. I come from a family that has several public sector workers … Continue reading »

Book Review: Lost on Planet China

Lost On Planet China by J. Martin Troost is one Westerner’s attempt to understand the world’s most complicated country. The China that Troost portrays is not all that appealing. It is obviously crowded, 1.3 billion people have to go somewhere, but it is also incredibly polluted. Wherever Troost goes he describes the air as (continue reading)

We’re on the road to…

Recovery? Despair? Somewhere in between?            Job losses slow down      The chart shown above highlights job losses from the last year of the Bush administration (red) to the first year of the Obama administration (blue). As you can see, through 2009 the economy was still hemorrhaging jobs but the rate of doing so had slowed down. … Continue reading »

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