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the economy
Why Hasn't the Economy Recovered Yet?
By Paul Wachter - AOL News(Sept. 13) -- In the current issue of the New York Review of Books, there's a good primer on the roots of the 2008 economic crises and explanations for its lingering impact by Robin Wells and Paul Krugman. While the United States and Europe have, for now, avoided a Great Depression-like crash and GDP is rising again, other indicators are not as reassuring. The writers point out: Yet unemployment has hardly fallen in either the United States or Europe -- which means that the plight of the unemployed, especially in America with its minimal safety net, has grown steadily worse as benefits run ...
No Second Stimulus in the Works, Says OMB
By Patricia Murphy - Politics DailyDuring an exchange with Rep. Dan Burton (R-Ind.), Deputy Director of the Office of Management and Budget Rob Nabors denied Wednesday that the Obama administration is considering a second round of stimulus funding, as was suggested by an Obama adviser this week. At a hearing of the House Oversight Committee examining expenditures thus far from the $787 billion stimulus package passed by Congress in February, Burton alluded to a second round of funding during a question-and-answer period with witnesses. Nabors interjected, "No one in the administration is talking about a second stimulus at this ...
The Pope Is a Liberal. Who Knew?
By David Gibson - Politics DailyMost encyclicals are so long, so dense and so reflective of the committee of theologians that prepares them that they wind up as the least-read of any papal pronouncements -- despite being the most authoritative document a pope can issue. That is especially true of encyclicals on social justice, like the one Pope Benedict XVI released today. ...
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