Recession, European-Style: More Paid Time Off

I‘m beginning to think this recession, depression, or whatever it is, is going to make Eurosocialists out of all of us, even me who was bred on free market capitalism (and often victimized by it too). There’s a great discussion forum on the New York Times online blog that highlights the differences in approaches across […]

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The Skyscraper Index: Believe It If You Choose

A theory from 1999 is resurfacing as the world plunges deeper into its current economic woes: The theory that the building of skyscrapers predates economic doom. This tidy bit of logic was conceived by Andrew Lawrence, at one time a researcher for Deutsche Bank. Here are the “facts”: The Chrysler Building in 1929 and the […]

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Recession, or Return to Normalcy?

This morning I was poring over a press release from a law firm advising employers to use caution and follow labor law mandates in laying people off in hard times. The release began by lamenting a 40-percent rise in business bankruptcies in the 12-month period ending in June 2008, which saw a total of 33,822 […]

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The Immaculate Recession: Men Feel the Most Pain

I call it “The Immaculate Recession” because our current turmoil seems to be solidifying what should’ve been obvious a long ago:  We are no longer an Industrial Revolution economy; we’re the Information Age economy, and in that area, we still lead the world. That’s why, when one surveys the pain going around in 2008, it’s […]

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