Rising Hegemon
New U.S. claims for unemployment benefits unexpectedly climbed to a nine-month high last week, yet another setback to the frail economic recovery.
Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 500,000 in the week ended August 14, the highest since mid-November, the Labor Department said on Thursday.
7 comments:
If being an asshole is genetic, Summers is genetically predisposed to that.
But I just read an article in Money magazine this morning that told their readers not to be worried about a double-dip recession, that the economy is fine, and the stock market is doing very well! They did advise investors to consider companies that sell "the kind of stuff you see at Wal-Mart, not at Tiffanys." Uh, yeah, I suspect if you've every seen the inside of a Tiffanys the economy seems A.O.K. to you. If things continue as they have been, I'm betting on my guillotine stock getting a nice bump.
obam got the wrong clinton money man.
Summers is genetically predisposed to support and protect the interests of the rentier and managerial classes.
there is a right clinton money man?
there is stiglitz but obama has dissed him time and time again. same for volcker. and robert reich gets the cold shoulder too.
sure, summers deserves a beating, but the buck stops with obama.
guillotine stock!
tehe
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