The economy shed 345,000 jobs in May and the unemployment has jumped to 9.4 percent, its highest level since 1983, and this is regarded as good news? Yes. In a way, it is good news, as it agrees with other evidence that the rate of decline in the economy is abating. Abating means it’s still declining, but not as fast, which is an obvious necessary step before the economy can find a bottom this fall and then begin actually to grow again. During last year’s political campaign and as he …
The Waxman-Markey Global Warming Tax would have a devastating effect on our economy. But don’t just take our word for it. This week we’ll be sharing the opinions of other organizations who agree that Waxman-Markey will cause massive unemployment and drive energy prices up for all Americans. Today: Myron Ebell, Director of Energy and Global Warming Policy at the Competitive Enterprise Institute. The House Energy and Commerce Committee has voted to send to the House floor probably the most destructive bill ever passed out of a congressional committee. The Waxman-Markey …
Earlier this month, Service Employee International Union President Andy Stern told the Las Vegas Sun, “We spent a fortune to elect Barack Obama — $60.7 million to be exact — and we’re proud of it.” Stern should be proud of his $60.7 million investment. There is a good chance that thanks to the Obama administration, big labor will succeed in passing legislation that has the potential to reverse big labor’s decades long decline. And that will mean less jobs and a slower economic recovery for all of us. Proponents of …
KILLS MORE JOBS AND KILLS THE ECONOMY Cap and Tax Top Ten List Cap and Trade Is a Massive Energy Tax It Will Not Make a Substantive Impact on the Environment It Will Kill Jobs It Will Cause Electricity Bills and Gas Prices to Sharply Increase It Will Outsource Manufacturing Jobs and Hurt Free Trade It Will Make You Choose Between Energy, Groceries, Clothing, and Haircuts It Will Be Highly Susceptible to Fraud and Corruption It Will Hurt Senior Citizens, the Poor, and the Unemployed the Worst It Will Cost …
Unemployment is increasingly raising its profile in Russia’s crisis-hit economy. Last March it was at a record 40-percent high. The official data show that its level over the first quarter jumped from 6 to 7.5 million people, which is around 10 percent of Russia’s labor force. According to independent assessments, unemployment could well be even higher – 7.8-8.5 million. The authorities have responded to a sharp increase in the numbers of those laid off in a purely bureaucratic manner. If the government dislikes certain statistics, it only needs to suppress …
