As a recent Congressional Budget Office report put it, “Recessions often accelerate the demise or shrinkage of less efficient and less profitable firms, especially those in declining industries and sectors.” via The Growing Underclass: Jobs Gone Forever – Economix Blog – NYTimes.com.
Tag Archives: Unemployment
Oregonians Vote to Raise Taxes on Rich, Corporations
Too bad it can’t happen here. Oregon voters bucked decades of anti-tax and anti-Salem sentiment Tuesday, raising taxes on corporations and the wealthy to prevent further erosion of public schools and other state services. The tax measures passed easily, with late returns showing a 54 percent to 46 percent ratio. Measure 66 raises taxes onContinue reading “Oregonians Vote to Raise Taxes on Rich, Corporations”
Goldman-Sachs bankers ready themselves to kill peasants in the inevitable uprising – Boing Boing
Goldman-Sachs bankers ready themselves to kill peasants in the inevitable uprising – Boing Boing.
Case-Shiller Still Predicts Massive 45% Fall From Today’s Values : The Implode-o-Meter Blog
Case-Shiller Still Predicts Massive 45% Fall From Today’s Values : The Implode-o-Meter Blog. Sweet.
SocGen Bearish: Putting It Mildly
Yikes! Société Générale tells clients how to prepare for potential ‘global collapse’
QuantumTom 