Bond Vigilantes and the Power of Three (opinion) New York Times ...even if for some reason the vigilantes did attack, it’s very hard to see how they could cause a recession in a country that retains its own currency and doesn’t have large amounts of debt denominated in foreign currency...
Dockworkers at Northwest ports reject pact offer Reuters ...Dockworkers at four U.S. Pacific Northwest ports moved closer to a possible labor clash with grain shippers on Monday, as parties in a larger, separate dispute at 15 East and Gulf coast ports agreed to mediation ahead of strike deadline set for December 30...
Mr. Incompetent, the Economy Wrecker Alan Greenspan, Was Central to the Formation of the Campaign to Fix the Debt CEPR ..."The Campaign to Fix the Debt started to come together at a salon dinner held in the backyard of Senator Mark Warner, Democrat of Virginia, in the fall of 2011. An influential group of economic, political and business leaders — including the former Federal Reserve chairman Alan Greenspan and Mark Bertolini, the chief executive of the Aetna insurance company — huddled in a too-small tent in the pouring rain..."
Student food banks fight hunger on campus Associated Press ...The student-run Tiger Pantry is among a growing number of programs at university campuses. Organizers say it's both a response to a weak economy and a sign of the latest trend in student activism...
Economy Weighs on Shoppers in Final Holiday Dash to Mall Bloomberg ...Americans have become warier as Washington approaches the end of the year without an agreement to forestall higher taxes and automatic spending cuts -- the so-called fiscal cliff. Last month, retailers from Macy’s Inc. (M) to Target Corp. (TGT) posted same- store sales that trailed analysts’ estimates...
