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Our Bipolar Economy

Our Bipolar Economy

For the 26 million unemployed and underemployed Americans, this economy has got to be mind-blowing. On one hand, the Shadow Government Statistics’ “Alternate Unemployment Rate” remained at 23 percent in January, its highest level ever.

On the other hand, the Dow Jones Industrial Average just zoomed past 14,000, hitting record highs.

In addition, Dean Maki, chief U.S. economist at Barclays, is quoted as saying: “As a percentage of national income, corporate profits stood at 14.2 percent in the third quarter of 2012, ...

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8
MAR
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The Rise of the Working Poor

The Rise of the Working Poor

It’s time to have a conversation in this country about how we define jobs. Is any job a good job? Some would say yes, but I don’t think America should be staking its future on creating poor-paying jobs just to make the unemployment numbers look good.

There are currently 26 million unemployed or underemployed Americans. For them the Obama economy has been very painful and unforgiving.

According to a report in The Huffington Post, 43 percent of households in America —some 127.5 ...

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1
MAR
0

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Obama’s Most Important Sentence

Obama’s Most Important Sentence

As an American exporter, I have pretty much given up on relying on President Barack Obama to carry through on his promises to spur American trade. He promised to double exports by 2015, but that promise is languishing.

In fact, the Economic Policy Institute notes that “while the U.S. trade deficit in petroleum goods declined $34.8 billion (10.7 percent), the U.S. trade deficit in non-petroleum goods increased $35.3 billion (8.8 percent). Growing goods trade deficits have eliminated millions of U.S. ...

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25
FEB
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The 100-Year Bad Idea

The 100-Year Bad Idea

Intuitively, the electric car makes all kinds of sense. It reduces our dependence on foreign oil, cuts pollution and reduces street noise. So why hasn’t America embraced the electric car?

For the answer, we have to go back more than 100 years when American visionaries saw promise in an electric vehicle.

According to About.com’s coverage of inventors, the first electric vehicle in the United States was invented in 1835 by Thomas Davenport, a blacksmith from Brandon, Vt. He built a ...

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18
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Wasting Away in Washingtonville

Wasting Away in Washingtonville

As an entrepreneur and business owner, I run my business based on a basic guiding principle: Return on investment (ROI). In other words, for every dollar I spend, what do I hope to get in return? Every successful organization uses this as a yardstick for profitability — except one: the federal government.

Total federal debt in 2012 surpassed $16 trillion, while federal spending reached $3.6 trillion, or 22.9 percent of a share of the overall economy. This equates to $10 billion ...

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