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Safety Nets for the Rich - Columnist Bob Herbert - NYTimes.com
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If some company is too big to fail, then it’s too big to exist. Break it up.
Igniting the Growth of Jobs - Columnist Bob Herbert - NYTimes.com
"Incredibly, some 40,000 teachers have lost their jobs over the past year, according to the Center for Economic and Policy Research."
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The latest unemployment rate for California is a knee-buckling 12.2 percent, the highest since World War II.
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Incredibly, some 40,000 teachers have lost their jobs over the past year, according to the Center for Economic and Policy Research.
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The Human Equation - Op-Ed Columnist Bob Herbert - NYTimes.com
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The joblessness the nation is experiencing is crushing any hope of a real economic recovery. With so many Americans maxed out on their credit cards and with the value of their homes deep in the tank, the only money available to spend in most cases is from paychecks.
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My choice would be a “Rebuild America” campaign that would put men and women to work repairing, maintaining, designing and rebuilding the nation’s infrastructure in the broadest sense — everything from roads and schools and the electrical power grid to innovative environmental initiatives and a sparkling new mass transportation network, including high-speed rail systems.
One of the ways of financing such an effort would be through the creation of a national infrastructure bank, which would provide federal investment capital for approved projects and use that money to leverage additional private investment.
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Longer Unemployment for Those 45 and Older - NYTimes.com
There but for the grace of God...
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Workers ages 45 and over form a disproportionate share of the hard-luck recession category, the long-term unemployed — those who have been out of work for six months or longer, according to the Bureau of Labor Statistics.
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Dr. Lahey found that workers under 50 were more than 40 percent more likely to be called for an interview.
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Obama’s Biggest Challenge - Op-Ed Columnist Bob Herbert- NYTimes.com
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more than one in every eight workers in America is jobless or underemployed. That’s 21 million people. And it’s not even counting the so-called discouraged workers, who have given up looking for a job.
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This is an emergency. There is one overriding mission for the incoming Obama administration when it comes to dealing with the economy, and that’s putting Americans back to work.
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