Feeling the gun at their temples, the Democrats joined the Republicans in the quest for deeper spending cuts -- which will only make the disastrous U.S. unemployment situation worse.
As the U.S. and Europe turn from stimulus to fiscal austerity, claims are heard that spending cuts actually stimulate economic growth. However there is rarely any such thing as expansionary austerity.
Down south, the Obama administration is in a dangerous game of chicken with Republican congressional leaders, who are cynically holding the U.S. economy hostage.
I was in Athens over the long weekend attending some meetings. Here are some further notes from a beautiful but deeply troubled country.
Cash hoarding is a critical point in the debate about corporate taxes. If incremental after-tax profits are being deposited, lower corporate tax rates likely just produce higher piles of cash.
What have Canadians done to evoke the wrath of the heavens? It's a trifecta, folks. Harper the asbestos killer in Ottawa, Ford the city-wrecker in Toronto and Hudak the math-challenged in Ontario.
With the summer reading season at hand, here is a short list of the best books I have read over the last couple of years on the roots and implications of the Great Recession.
What comes through loud and clear in the "Income in Canada" report is the fractured nature of the Canadian economy in the wake of the global recession: one part booming, the other part is busted.
Today's Statistics Canada release "Income of Canadians" provides data for 2009 and a partial reading on the devastating impact of the recession upon working families.
Ever wondered what a living wage looks like for Canadians, and whether minimum wages get anywhere near that amount?