The American Economy On Purgatory Mountain Economic Populist ... It's not taxes, small government or big government, or even the deficit. The real problem are jobs going offshore, companies treating workers as disposable and the never ending race to the bottom on wages, global labor arbitrage...
A Part-Time Life, as Hours Shrink and Shift New York Times ...the Bureau of Labor Statistics has found that the retail and wholesale sector, with a total of 18.6 million jobs, has cut a million full-time jobs since 2006, while adding more than 500,000 part-time jobs...
EU Bureaucracy has Lost Control of Italy; Social Mood Turns Black Mish's Global Trend Economic Analysis ...Northern Italy has been fermenting with protests and is becoming radical. The paradox is that the rich part of the country is collapsing under the Euro and the EU driven austerity, crushed by competition from Germany, competition from Asia and other emerging region with weaker currencies and improving technology and skills and by high commodity and energy costs...
‘Anti-Business’ Obama Is Best President For Corporate Profits Since 1900 ThinkProgress ...Even if corporate profits under Obama are compared to the 2008 peak — in order to erase the effect of the financial crisis — “average annual corporate profit growth under President Obama is 6.8%,” or nearly three times as large as it was under President Reagan...
Romney Auto Bailout Ad Tells Four Myths In 30 Seconds ThinkProgress ...Romney claimed he read a news story that said Chrysler was planning to “moving all production to China.” The Bloomberg News piece he referenced, though, made it clear that Fiat, the Italian company that now owns Chrysler, was opening new factories in China to make Jeeps for Chinese consumers. No American plants will be closed, and no American jobs will be lost...
New tools aid door-to-door push for votes Boston Globe ...A Teamster and UPS driver, Cote said he has been inundated with union literature urging him to vote for Obama. The Teamsters have their own microtargeting effort; the union president, Jimmy Hoffa Jr., who supports Obama, can be heard in a message on Cote’s answering machine. Cote is sympathetic to concerns that union interests could be undermined by a Romney presidency...
