Policy Responses to Long-Term Unemployment

We are in the midst of a jobs crisis, with the unemployment rate stuck around 9.7 percent. The labor market is particularly bleak in terms of duration of unemployment. Half of the unemployed have been out of work for more than six months, nearly five million for more than More…

Economists Float Solution for Congress to Muck Up: Wage Subsidies

If the news about increasing unemployment, the failure of the stimulus to address disproportionate unemployment among African-Americans or the “shovel-ready projects” that have been the least effect part of the stimulus makes you wonder if there really are any short-term solutions to address unemployment More…

One Need Look No Further Than John Yoo for Evidence of Executive Lawbreaking

The explosive inspectors general report released on Friday makes one thing increasingly clear: the Bush White House knew that it was probably breaking the law.

From the report itself, John Yoo’s Office of Legal Counsel memo — and the lightning-fast reporting of Spencer Ackerman, Marc Ambinder and More…

Wall Street Threatens a Sit-Down Strike

While Wall Street likes the Obama administration’s financial rescue plan and liberal economists Brad DeLong (pro) and Paul Krugman (anti) go head to head over its merits, The Wall Street Journal’s lead story today tells how the populist impulses of a Democratic White House have been More…