Economy

Health Care Reform Hinges on Wealth Inequality

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The debate over health care reform drags on with charges and countercharges. When the groups opposed to change want to throw down the gauntlet, they will describe the Democrats’ proposals as a “complete takeover of the health care industry.” Using the words “complete takeover” makes it sound like the private insurance industry once served people […]

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Green Jobs Bring Both Benefits and Costs

As part of the Reinvestment and Recovery Act passed earlier this spring, President Obama announced plans to create green jobs. “A green, renewable-energy economy isn’t some pie-in-the-sky, far-off future. It is now. It is creating jobs now,” he said. The new law provides money and development programs for adopting environmental technologies and helping to expand […]

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Why the Knowledge Economy Can’t Replace Manufacturing

Can the middle class continue to rely on manufacturing jobs? No, says William McGurn, writing in the Wall Street Journal (“Michigan and the Knowledge Economy,” June 16). The automobile industry and manufacturing jobs leaving Michigan will not be back, but must be replaced with new jobs in the “knowledge economy.” McGurn defines the knowledge economy […]

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US to Cash in Gold at Cash4Gold.com

Courtesy of The Onion:

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The Best News Coming Out of the Recession

In October of 2006, I wrote a simple post at the Online Savings Blog called “Rule #2: Spend Less Than You Earn“. Now, this is one of the most fundamental basics of personal finance: don’t spend it if you don’t have it. In that post, I linked to a chart of the Bureau of Economic […]

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Why Cash for Clunkers Will Hurt Low-Income Drivers

Congress continues to discuss a “cash for clunkers” bill. The proposals so far would pay up to $4,500 a car to dealers if a new car is priced at $45,000 or less and gets 10 miles per gallon better fuel mileage. The old car has to be registered for at least a year and have […]

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The Health of Social Security

A committee of Social Security trustees has published another report on the financial health of the Social Security System. The new report tells us what these reports always tell us: the Social Security system is failing or headed for collapse. New Social Security reports allow politicians to reassure retirees of their commitment to shore up […]

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Why Nationalizing America’s Banks is a Loser

In the current financial crisis, there continues to be people in banking and business calling for nationalizing banks. One recent example is an article in the Atlantic Magazine titled “The Quiet Coup.” The author, who is from the International Monetary Fund and has experience with international financial crises, writes that nationalization would not mean permanent […]

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Will Banks Lead Us Out of the Recession?

The federal government has been bailing out the nation’s banks since last summer, handing out billions in emergency reserves to as many as 500 banks, always with a press release telling the public there must be bailouts or the banks and economy will collapse. According to a recent article in The Washington Post (“Bank Profits […]

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In This Economy …

How are you doing in this economy? If you’re watching too much TV, you may think that it’s impossible to succeed right now. But that’s not the case. Check out this brilliant video from the folks at thefullginsburg.com to see one of the most-used phrases on TV today.

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