* The Economic Need for Stable Policies, Not a Stimulus [Extended version] (Jeffrey D. Sachs, Scientific American)
The U.S. political-economic system gives evidence of a phenomenon known as instrument instability. Policy makers at the Federal Reserve and the White House are attempting to use highly imperfect monetary and fiscal policies to stabilize the national economy. The result, however, has been ever-more desperate swings in economic policies in the attempt to prevent recessions that cannot be fully …
* The 1981-82 recession was painful; current struggles could cut even deeper into US economy (Deb Riechmann)
WASHINGTON – Factory jobs disappeared. Inflation soared. Unemployment climbed to alarming levels. The hungry lined up at soup kitchens.
* Double pain in the pocket for Arun council tenants (Roger Green, Worthing Herald)
Rents for council properties will go up by about 5.8 per cent from April, because the level was set by the Government in September, based on the much higher inflation rate then.
* Quantitative easing is not the answer (Liam Halligan, Telegraph)
So determined was the pro-Euro lobby to bury Emu-sceptics, it cast aspersions on the character of those who took an opposing view.
* Recession On Track To Be Longest In Postwar Era (KITV)
WASHINGTON — Factory jobs disappeared. Inflation soared. Unemployment climbed to alarming levels. The hungry lined up at soup kitchens.
* Plan to tax mileage vs. gas gaining speed (Detroit Free Press)
WASHINGTON — Despite opposition from the White House, a proposal to tax drivers on the number of miles they drive each year is gathering speed on Capitol Hill.