News
Bloomberg | U.S. to Lose 710,000 Jobs From Tax Rise, Chamber Says
The U.S. would lose 710,000 jobs and economic output would decline by 1.3 percent, or $200 billion, if tax cuts for high earners are allowed to lapse, said a report prepared for the U.S. Chamber of Commerce and other supporters of the tax breaks.
National Journal | Bernanke: Economy Faces Dire Risk From Fiscal Cliff
Federal Reserve Board Chairman Ben Bernanke delivered a bleak assessment of the U.S. economy on Tuesday, warning of dire risks surrounding the approaching fiscal cliff.
Bloomberg | Temporary Work Demand Rises as Companies Avoid Commitments: Jobs
As orders from food makers have picked up during the past year, Create-A-Pack Foods Inc. turned to a staffing company, Kelly Services Inc. (KELYA), to add about 100 workers.
Econ Comments & Analysis
Real Clear Markets | The Government Worker Retirement Spree
Now that states and cities are requiring workers to contribute more to their health and pension costs and work longer before retiring, government employees are rushing to the door, according to press reports. That's not surprising, but it's also not quite as unusual as the press would have us believe.
