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February 27, 2009
February 26, 2009
The similarities between California and the auto companies are especially striking. Neither can afford their workforce. California schools pay their employees 35 percent more on average in wages and benefits than the national average (17 percent more when adjusted for the state’s higher standard of living), a significant bite because the state funds much of local education (to the tune of $42 billion last year). Benefits are a big part of these costs. A public employee in California with 30 years of service can already retire at 55 with more than half of his salary as pension, and public-safety workers can get 90 percent of their salary at age 50.

At least on the federal level. While many states continued to maintain laws against the practice, enough followed the federal government’s lead to help dramatically accelerate home brewing’s growth. Ultimately, home brewing began to influence the beer industry at large.

The CEPR also found that people who were renting homes in 2004 will have more wealth in 2009 than those who were owners. That’s true for all five wealth groups the study analyzed, from the poorest to the wealthiest.

The famed Rosy Scenario, coined in the early days of the Reagan White House when large tax cuts and higher defense spending were assumed to be paid for in part by strong economic growth, is a cornerstone of the Obama administration’s first multiyear budget. After contracting at a 1.2% rate in 2009, a more modest drop than the Congressional Budget Office and Blue Chip Consensus forecasts assume, the White House sees growth domestic product growth snapping back by 3.2% next year and then 4% or higher the three years after that.

The last time the economy preformed that well was the New Economy heyday of the late 1990s.

February 24, 2009
February 22, 2009
Did Prince Get a Headstart?

Did Prince Get a Headstart?

February 20, 2009

The Crisis of Credit Visualized on Vimeo

February 19, 2009
How/Why do third-party sites send cookies requests via a Google search?

How/Why do third-party sites send cookies requests via a Google search?