13 Feb

NYTimes.com – Failure to Launch

Here’s the question: of college graduates with a bachelor’s degree who aren’t enrolled in further schooling, how many have full-time jobs?

In December 2007, on the eve of recession, the answer was 9083 percent.

By December 2009, it was down to 72 percent.

As of December 2010, it had recovered only slightly, to 74 percent.

To me, that’s a tale of young lives blighted, not just in the short run but perhaps permanently: failing to get a job when you get out of school colors your whole career. And it’s still happening.

via NYTimes.com – Failure to Launch. Ouch.

09 Dec

NYTimes.com – O’Donnell’s Magic Turns Loss into Win

“Today marks a lot of tragedy,” Ms. O’Donnell said after headlining a fundraiser for the Northern Virginia Tea Party on Tuesday night. “Tragedy comes in threes: Pearl Harbor, Elizabeth Edwards’s passing and Barack Obama’s announcement of extending the tax cuts, which is good, but also extending the unemployment benefits.”

via NYTimes.com – O’Donnell’s Magic Turns Loss into Win. How do you make that statement in all seriousness? How is it good for tax breaks to be extended that mostly benefit the wealthy good and extending unemployment benefits so people don’t end up on the street a tragedy? Oh yeah and which actually costs less and provides better than half the number of jobs the other does (so overall a better deal – costs less per expected job created) unemployment benefits. But yeah kicking people out of their homes is a good thing.

02 Aug

NYTimes.com – Defining Prosperity Down

The point is that a large part of Congress — large enough to block any action on jobs — cares a lot about taxes on the richest 1 percent of the population, but very little about the plight of Americans who can’t find work.

via NYTimes.com – Defining Prosperity Down. Krugman once again with arguing forcefully and eloquently for some rational decision making on the part of economic policy.