“Forget the bipartisan photo-op” says The Huffington Post, referring to yesterday’s passage of a package of tax cuts, but instead “extend unemployment benefits now.”
"Members of Congress got to pose for a moment of bipartisan victory on the jobs crisis yesterday with the passage of a package of tax cuts and transportation investments that may put a few hundred thousand people to work. It would be great news, if only there weren't 14.8 million Americans looking for a job and more than a million of them weren't about to lose their unemployment benefits and health care coverage this coming Monday according to the National Employment Law Project. The bipartisan photo-op is helpful only insofar as it actually helps build momentum for policies that will meaningfully lower the unemployment rate and keep faith with Americans who have been fruitlessly searching for work for months. Economic analysts project that unemployment will remain above 8 percent through 2012 and will stay high through 2014. Those numbers only look worse when you consider discouraged workers and involuntary part-timers. So why aren't we extending benefits to the millions of Americans we already know will find it impossible to get work for the duration, whatever they do? Congress should be implementing a permanent fix to the system that automatically extends benefits at times of persistent high unemployment, not a two week extension that leaves families, communities, and the states that administer unemployment programs scrambling and uncertain."
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The Canadian professor has an extensive collection posted on his site.
- Peterson's Great Books list features classics by Orwell, Jung, Huxley, and Dostoevsky.
- Categories include literature, neuroscience, religion, and systems analysis.
Best case: Redrawing borders leads to peace, prosperity and EU membership. But there's also a worst case.
Despite incredible economic growth, it is not necessarily an investor's paradise.
- China's stock market is just 27 years old. It's economy has grown 30x over that time.
- Imagine if you had invested early and gotten in on the ground floor.
- Actually, you would have lost money. Here's how that's possible.
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