Even in Kentucky, Coal Industry Is Under Siege
When the operator of the Big Sandy plant announced last year that it would be switching from coal to cleaner, cheaper natural gas, people here took it as the worst betrayal imaginable.
What happened to “Friends of Coal”? I thought we were all BFFs here?
Do you mean to suggest the coal industry was using us?
I rise to defend the faculty lounge, that magical idea factory that has become, in the current presidential campaign, an object of unexpected derision.
Before I occupied Wall Street, Wall Street occupied me.
German voters must break the Merkel mindset that got them into this
If Germany cannot pull itself together to keep Spain in the euro, then the markets can no longer ignore the fact that the lack of leadership and governance is a fatal flaw in the system.
What accounts for this? I would argue that the heart of the problem lies in the political culture of Germany and the mindset of its political and economic elites, which have never been willing to admit to their own voters the sacrifices that must be undertaken in order to be the leader of Europe. Instead, they have led Germans to believe that they can have it both ways: enjoying the fruits of the eurozone while times were good, and lobbing the burden of adjustment onto others when times got bad.
Peter Orszag: Good U.S. Jobs News Can Be Found in Big Business
Big business, we keep being told, has been so hampered by regulatory uncertainty over the past few years, it has been reluctant to hire workers.
So it is surprising to read the results of a little-known survey from the Bureau of Labor Statistics: Very large businesses, it turns out, have been expanding their domestic workforces relatively rapidly. If, since January 2011, businesses of all sizes had hired at the same rate as those with 5,000 or more employees, we would have almost 4 million more jobs today.
A Dozen Writers Put Down Their Pens to Prove the Might of a March
“We see by the number of people that literature still has authority in our society because no one called these people — they came themselves,” said Lev Rubinstein, 65, a poet and one of the organizers. “We thought this would be a modest stroll of several literary colleagues, and this is what happened. You can see it yourself.”
Greek Chaos Threatens World Economy—And Obama
The whole episode underscores the need for a European growth strategy to supplement budget cuts and structural reforms. With the Germans blocking any idea of a fiscal stimulus—a stance they are unlikely to alter anytime soon, despite the election of François Hollande in France—the obvious way out is for the European Central Bank to engineer a large-scale monetary expansion and a devaluation of the euro, which would give a boost to European exporters. At $1.30, the euro is still grossly overvalued given the continent’s chronic problems.
