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thinkahol *

The White Underclass - NYTimes.com - 0 views

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    A new study finds that a jobs program for newly released prison inmates left them 22 percent less likely to be convicted of another crime. This initiative, by the Center for Employment Opportunities, more than paid for itself: each $1 brought up to $3.85 in benefits.
thinkahol *

Failure Is Good - NYTimes.com - 1 views

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    By next Wednesday, the so-called supercommittee, a bipartisan group of legislators, is supposed to reach an agreement on how to reduce future deficits. Barring an evil miracle - I'll explain the evil part later - the committee will fail to meet that deadline.
    If this news surprises you, you haven't been paying attention. If it depresses you, cheer up: In this case, failure is good.
thinkahol *

The Path Not Taken - NYTimes.com - 0 views

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    There were alternatives to the economic doctrine that championed bank bailouts and mass suffering from the public. Look at Iceland.
thinkahol *

Crony Capitalism Comes Home - NYTimes.com - 0 views

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    So, yes, we face a threat to our capitalist system. But it's not coming from half-naked anarchists manning the barricades at Occupy Wall Street protests. Rather, it comes from pinstriped apologists for a financial system that glides along without enough of the discipline of failure and that produces soaring inequality, socialist bank bailouts and unaccountable executives.

    It's time to take the crony out of capitalism, right here at home.
thinkahol *

Protesters Against Wall Street - NYTimes.com - 0 views

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    As the Occupy Wall Street protests spread from Lower Manhattan to Washington and other cities, the chattering classes keep complaining that the marchers lack a clear message and specific policy prescriptions. The message - and the solutions - should be obvious to anyone who has been paying attention since the economy went into a recession that continues to sock the middle class while the rich have recovered and prospered. The problem is that no one in Washington has been listening.
thinkahol *

Panic of the Plutocrats - NYTimes.com - 0 views

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    It remains to be seen whether the Occupy Wall Street protests will change America's direction. Yet the protests have already elicited a remarkably hysterical reaction from Wall Street, the super-rich in general, and politicians and pundits who reliably serve the interests of the wealthiest hundredth of a percent.
thinkahol *

Recession Officially Over, U.S. Incomes Kept Falling - NYTimes.com - 0 views

  • In the recession, the average length of time a person who lost a job was unemployed increased to 24.1 weeks in June 2009, from 16.6 weeks in December 2007, according to the federal Bureau of Labor Statistics. Since the end of the recession, that figure has continued to increase, reaching 40.5 weeks in September, the longest in more than 60 years.
thinkahol *

Wall Street Protests: Carnival or Revolution? - NYTimes.com - 0 views

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    ludicrous
thinkahol *

As Scorn for Vote Grows, Protests Surge Around Globe - NYTimes.com - 0 views

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    MADRID - Hundreds of thousands of disillusioned Indians cheer a rural activist on a hunger strike. Israel reels before the largest street demonstrations in its history. Enraged young people in Spain and Greece take over public squares across their countries.
thinkahol *

Runaway Spending on War Contractors - NYTimes.com - 0 views

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    Tales of waste, fraud and mayhem by private contractors have been commonplace during 10 years of military operations in Afghanistan and Iraq. Now a Congressional study commission has put a "conservative" estimate on waste of between $31 billion and $60 billion in the $206 billion paid to contractors since the start of the two wars.
thinkahol *

Stop Coddling the Super-Rich - NYTimes.com - 0 views

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    We mega-rich should not continue to get extraordinary tax breaks while most Americans struggle to make ends meet.
thinkahol *

The Hijacked Crisis - NYTimes.com - 0 views

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    For the fact is that right now the economy desperately needs a short-run fix. When you're bleeding profusely from an open wound, you want a doctor who binds that wound up, not a doctor who lectures you on the importance of maintaining a healthy lifestyle as you get older. When millions of willing and able workers are unemployed, and economic potential is going to waste to the tune of almost $1 trillion a year, you want policy makers who work on a fast recovery, not people who lecture you on the need for long-run fiscal sustainability.
thinkahol *

How the Deficit Got This Big - NYTimes.com - 0 views

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    With President Obama and Republican leaders calling for cutting the budget by trillions over the next 10 years, it is worth asking how we got here - from healthy surpluses at the end of the Clinton era, and the promise of future surpluses, to nine straight years of deficits, including the $1.3 trillion shortfall in 2010. The answer is largely the Bush-era tax cuts, war spending in Iraq and Afghanistan, and recessions.
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