America's fiscal deficit: Stemming the tide
economist.com — Students in Washington, DC, were recently given a model of the economy and told to fix the budget. To get the federal debt down, they jacked up taxes and slashed spending. The economy promptly tanked, sending the debt to higher levels than before. The lesson: “You’ll never get re-elected and you may do more harm than good" (Submitted by amprather) More...
Another U.S. Bank--One of the "Good Ones"--Ready to Blow?
economist.com — For Wells Fargo -- long considered 1 of the less reckless U.S. banks -- buying Wachovia was strategically astute but financially messy. Some now worry it's understating it's problems and may be a volcano waiting to blow... (Submitted by openthink) More...
How much more a graduate earns over a lifetime (CHART)
economist.com — In America the lifetime gross earnings of male graduates are, on average, nearly $370,000 higher than those of non-graduates, comfortably repaying the pricey investment in a university education (female graduates earn an extra $229,000). (Submitted by MrBabyMan) More...
How Real is the Threat of Autonomous Technology?
economist.com — Hollywood has made at least half a dozen films based on Mary Shelley’s gothic masterpiece, Frankenstein. What makes the tale such an enduring classic are the moral questions it raises about creation, responsibility and unintended consequences of machines in control. (Submitted by ScottMcIntyre) More...
Only 24% believe President Obama’s stimulus plan is working
economist.com — According to a new poll by The Economist, only 24% of Americans believe President Obama’s stimulus plan is working and only 9% think the plan will eventually work. Barack Obama's approval rating has hit a new low (48%). 47% of Democrats, 53% of Republicans, and 56% of independents say they are worse off financially than they were a year ago. (Submitted by SethStuck) More...
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