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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
Stockman takes on the banks as instruments of the impoverishment of the U.S. economy and of the American middle class. He derides the loose monetary policy of the Fed, that has encouraged insane and socially unproductive behaviours of the American banks.
Grouped Articles
Wall Street Journal 04/18/2013
New York Times 07/21/2011
Taxing Wall Street Down to Size
New York Times 01/20/2010
Four Deformations of the Apocalypse
New York Times 07/31/2010
Tom Keene Talks with David Stockman
BusinessWeek 08/12/2010
Opinions Are Split on Fed Policy Move
Wall Street Journal 11/01/2010
U.S.-China relations. Policy differences and trade relations are expected to exacerbate in 2010. The role of the U.S. as a supplicant to China in 2009 may lead to frustration and stepping back. US-China relations are tense because of continuing trade pressures and large trade deficits as China continues with its export model. Currency issues also an irritant.
Grouped Articles
US-China trade relations: Speak less softly, carry a stick
Economist 09/25/2010
China Pumps Up the Volume Against Japan
Wall Street Journal 02/08/2014
U.S. and China Mark 30 Years of Diplomatic Ties
New York Times 01/13/2009
U.S.-China relations to face strains, experts say - washingtonpost.com
Washington Post 01/03/2010
U.S., China locked in trade disputes
Washington Post 01/04/2010
China denounces U.S. trade ruling on steel pipes
Washington Post 01/01/2010
Need to increase the retirement age to 65 from 62, and increase pension contributions to 8.5%, says Governor Christie of New Jersey. With the lower savings of workers in the U.S. as they approach retirement, adequately funded pension systems are critical to the safety net.
Grouped Articles
Pension Pinch Busts City Budgets
Wall Street Journal 10/30/13
Illinois Pension Fix Faces Political Test
Wall Street Journal 12/01/13
Illinois Legislature Approves Retiree Benefit Cuts in Troubled Pension System
New York Times 12/03/13
BusinessWeek 09/30/10
Public-sector pensions: Three-trillion-dollar hole
Economist 10/16/10
American states' pension funds: A gold-plated burden
Economist 10/16/10
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
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