News
WSJ | Obama's Jobs Bill Hits Wall in Senate
The vote was 50-49 in favor of the bill, which needed 60 votes to move forward. Democratic leaders worked hard to keep enough of their members on board to garner a simple majority, though the victory was largely symbolic.
Econ Comments
New York Post | Beating a dead goose
The number of Wall Street fat cats is shrinking fairly dramatically, and will continue to shrink in the years ahead -- meaning even less money coming from one of New York’s most important sources of tax revenue.
Reports
RCM: Wells Fargo Economics Group | Employment: Beyond the Sound Bites—Reading the Signals V
Income for workers is the product of wages and hours worked. For both factors, their behavior in this cycle is quite different than in prior cycles, and this has limited income growth and the strength of the recovery.
