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Rising state payroll taxes in the US in 2010 acts as a disincentive for hiring. The rising state payroll taxes go to paying back $41 billion in loans from the federal government needed to fund unemployment insurance.
Grouped Articles
States Raise Payroll Taxes to Repay Loans
Wall Street Journal 11/20/2010
Job Tax Plan Lands With a Thud
Wall Street Journal 02/09/2011
Obama Plans to Rescue States With Debt Burdens
New York Times 02/08/2011
Relief for States and Businesses
New York Times 02/09/2011
In Florida, the Unemployed May Face Deep Cuts in Benefits
New York Times 03/31/2011
In Missouri, Extension of Unemployment Pay Is Blocked
New York Times 03/31/2011
Grouped Articles
Immigrants Benefit as Economy Recovers
Wall Street Journal 10/30/2010
Wealth gap widens between whites, minorities, report says - The Washington Post
Washington Post 07/26/2011
Arrests of illegal migrants on U.S.-Mexico border plummet - The Washington Post
Washington Post 12/05/2011
Obama Faces a Frustrated Hispanic Electorate
New York Times 06/10/2012
Opinion | Jeff Flake: We Need Immigrants With Skills. But Working Hard Is a Skill.
The New York Times 08/18/2017
In the face of rising deficits, and questions about the future solvency of Medicare and Social Security, there are questions about the Bush tax cuts which expire in December 2010 if not renewed. With high unemployment the consensus seems to be to leave the tax cuts in place for a limited period, and have serious conversation about taxes when a new presidential term begins. A Value added Tax has been suggested by Paul Volcker, similar to that in Europe.
Grouped Articles
The Wisdom and Folly of the Bush Tax Cuts
BusinessWeek 08/05/2010
New York Times 08/21/2010
Bush Tax Cuts: Now That's Rich
New York Times 08/22/2010
Why the Rich Donât Need a Tax-Cut Extension
New York Times 09/25/2010
Tax-Cut Vote Shows Democratic Divide
Wall Street Journal 12/03/2010
New York Times 12/02/2010
According to Karl Case its basically flat in 2010 and quite fragile, with a lot of inventory out there. By 2012 the situation had not changed much, except for Washington D.C. with growth in employment, and a small spurt in 2011 in Phoenix from out of state and Canadian buyers. Prices in Las Vegas and other cities continued to decline and there were fears of more homes being released by banks from foreclosed properties in judicial states such as Florida.
Grouped Articles
Housing Rebound Grows as Prices Climb Sharply
Wall Street Journal 05/09/2013
The economic performance of cities: Following the sun
Economist 05/16/2013
Home Prices Rise, Producing a Buying Mood
New York Times 05/28/2013
Housing Recovery Increasingly Prices Out First-Time Buyers
Wall Street Journal 07/22/2013
Economic Casualties: 'Missing Households'
Wall Street Journal 07/22/2013
Home Prices Jump, but Headwinds Build
Wall Street Journal 07/31/2013
The Economist looks at the near term trends- unemployment not down as much in Britain in August and consumer spending holding up in Britain- as evidence a recovery is looming. And it cites the Suppy Managment Index up slightly in the US. Most other experts see a difficult situation in 2011 as the stimulus fades and local governments cut back- economists such as Stiglitz, Shiller, Krugman, Feldstein and others, and businessmen like Malone.
Grouped Articles
Brazil's north-east: Catching up in a hurry
Economist 05/21/2011
Wall Street Journal 04/26/2015
The world economy: The odd decouple
Economist 09/04/2010
The U.S. Economy: Stuck in Neutral
BusinessWeek 10/14/2010
BusinessWeek 10/14/2010
America's economy: Not by monetary policy alone
Economist 10/28/2010
Federal regulators and the Bush and Obama administrations failed miserably to help homeowners achieve loan modifications. This with the false belief that putting homeowners out of their homes would actually speed up a recovery, considering the huge scale of foreclosures in the USA , the high unemployment and other problems hitting the economy. Feldstein's consistent arguments for homeowner relief throughout 2008 and 2009- considering the large number of homeowners under water- as the mortgage crisis unfolded, were ignored by the Bush and Obama administrations. See the comparisons to Japan's lost decade, as the lack of recovery in housing adds to problems with job losses. The lawsuits, legal action and mortgage settlements facing banks as they make their way through the mortgage mess.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
Banks Keep their Mortgage Litigation Reserves a Secret
New York Times 01/16/2014
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
BP’s Cuts May Wound Portfolio Recovery
Wall Street Journal 02/04/2015
Grouped Articles
Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
Labor Market Takes a Shot To the Gut
Wall Street Journal 06/05/2010
Mystery for the White House: Where did the Jobs Go?
New York Times 07/19/2010
California's Building Bust Choking Off Jobs
Wall Street Journal 07/29/2010
Job Crisis: Machines Over Manpower
BusinessWeek 07/29/2010
Wall Street Journal 08/06/2010
High unemployment, cutbacks in an austerity budget, emigration like it was before the 1980's, and a whole host of problems facing the Irish.
Grouped Articles
New York Times 09/23/2010
Ireland's Unemployed Head Back to the Farm
BusinessWeek 10/14/2010
Ireland: The End of the Miracle
BusinessWeek 03/27/2008
Dell Moving Irish Operations to Poland
Wall Street Journal 01/08/2009
Ireland's Boom Falls Hard in Global Crisis
Wall Street Journal 02/07/2009
Crisis Builds Irish Support for EU Pact
Wall Street Journal 02/17/2009
The unemployment rate dropped to 7.6% in Germany in 2009 an 6.9% by 2013. Experts says this is a result of the rapid growth in the sector paying low wages.
Grouped Articles
'Minijobs' Lift Employment But Mask German Weakness
Wall Street Journal 05/29/2013
German elections pit Merkel, challenger over poverty problems - The Washington Post
Washington Post 09/17/2013
Europe's Easy-Money Policy Snubs German Savers
Wall Street Journal 11/25/2013
Americanized Labor Policy Is Spreading in Europe
New York Times 12/03/2013
German Recovery Spurs Push for Higher Pay
Wall Street Journal 09/09/2010
Europe Moving Toward Small Steps to Promote Growth
New York Times 05/10/2012
The reason why the unemployment rate is so high and why there are so many jobless people.
Grouped Articles
The Next First (and Only) 100 Days
New York Times 12/10/11
Big Banks Cut Back on Loans to Small Business
Wall Street Journal 11/27/15
Few Businesses Sprout, With Even Fewer Jobs
Wall Street Journal 11/18/10
Few Banks Seek Funds for Small Businesses
Wall Street Journal 03/31/11
For Small Businesses, Recession Isn't Over
Wall Street Journal 07/06/11
Job Search Stretches Past a Year for Millions
Wall Street Journal 07/22/11
Grouped Articles
Wall Street Journal 07/30/13
Job Losses Rise as Private Hiring Slows and Public Payroll Shrinks
New York Times 10/08/10
Recession-bruised states' revenue sank 30 percent in 2009, Census Bureau reports
Washington Post 01/05/11
Cuomo Weighs More Than 10,000 Layoffs
Wall Street Journal 01/20/11
Local Governments Keep on Paring Payrolls
Wall Street Journal 03/05/11
Unrelenting Downturn Is Redrawing Americaâs Economic Map
New York Times 09/26/11
Andy Grove brushes off talk of sending technologies and jobs much needed at home to China, with the talk he hears of "a China strategy." He doesn't see how an America with high paying jobs and mass of unemployed could work. He says American companies have failed to scale up, the way Intel did in the seventies. For every Apple employee there are 10 employees in China working on Mac's, Iphones, and Ipads. The idea of manufacturing as not important is misguided and he would like to see America rebuild its industrial base.
Grouped Articles
Wall Street Journal 05/29/10
Wall Street Journal 10/02/10
Apple Says App Store Sales Rose 50% in 2014
Wall Street Journal 01/09/15
After Michigan Loss, Hillary Clinton Sharpens Message on Jobs and Trade
New York Times 03/09/16
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/10
Yuan Revaluation for China's Own Sake
Wall Street Journal 10/02/10
Why Europe compares favorably with the US economy in areas like unemployment when looking at the 24-54 working age group, technology adoption, economic growth when you factor out population growth in the USA, and with higher taxes offset by social benefits for large segments of society.
Grouped Articles
New York Times 04/13/13
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/14
Growth isn’t enough to help the middle class - The Washington Post
Washington Post 02/14/13
New York Times 01/11/10
New York Times 02/09/10
Comparative Advantage and American Jobs
Wall Street Journal 01/26/11
Grouped Articles
The Next First (and Only) 100 Days
New York Times 12/10/11
Spanish Jobless Rate Has First Drop in Two Years
Wall Street Journal 07/25/13
Spanish Job Market May Be Turning Around
Wall Street Journal 01/24/14
Spain’s Unemployment Declines in 2014
Wall Street Journal 01/05/15
In Spain, a Soaring Jobless Rate for Young Workers
New York Times 01/01/10
Spain is simply shifting the problem
Wall Street Journal 05/14/10
Structural problems like a mismatch of skills between maufacturing and construction sectors worst hit since 2008 and growing sectors like healthcare is one problem. Geographic factors and difficulty selling homes in states like Michigan is another. The tighter credit from a return of banking sector losses from bad home equity loans that is expected in late 2010 will keep the recovery from taking hold keeping unemployment high. The economic uncertainty following repeated budget battles between political parties also affects business investment.
Grouped Articles
90 Million Americans Not Working
Wall Street Journal 10/23/13
Hiring Slowdown Blurs Growth View
Wall Street Journal 01/20/14
Confronting Old Problem May Require a New Deal
New York Times 01/28/14
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/14
New York Times 04/05/12
Hiring Is Strong and Jobless Rate Declines to 6.1%
New York Times 07/03/14
Figures from the Center of Labor Market Studies of Northeastern University in Boston showing unemployment of 9% in the $40,000 to $50,000 annual household income group and going up to 31% at the lowest income group. Higher inequality as differences in education between lower income and higher income Americans grows. The problem of the long term unemployed is a serious one.
Grouped Articles
Wall Street Journal 09/14/11
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/13
New York Times 06/22/13
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/11
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/13
The Great Stagnation in American Education
New York Times 09/07/13
The role of "kurzarbeit" programs, work sharing, the changes from the Hartz reforms, and wage restraint in reducing German unemployment.
Grouped Articles
'Minijobs' Lift Employment But Mask German Weakness
Wall Street Journal 05/29/13
The Next First (and Only) 100 Days
New York Times 12/10/11
German elections pit Merkel, challenger over poverty problems - The Washington Post
Washington Post 09/17/13
German Minimum Wage Plan Gains Backing From Businesses
Wall Street Journal 03/29/14
Germany Regains Jobs Lost in Recession
Wall Street Journal 07/30/10
The Price of Saving Jobs in Germany
BusinessWeek 07/29/10
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