Jobs Report Puts World On Recession Watch. Get ready: The ugly May jobs report will revive talk of another recession. Don't believe it. Yet. The "R" word got dropped all over Twitter within minutes of the news that the economy had added just 69,000 jobs in May and that the unemployment rate had risen to 8.2 percent. Famed economic Cassandra Nouriel Roubini did his thing, tweeting: "From anemic sub-par growth to stall speed to double-dip recession?
It is possible and 2013 looks worse with a serious fiscal cliff and drag. " Pedro Da Costa of Reuters tweeted simply: "I'll say it: recession. " Lakshman Achuthan, of the Economic Cycle Research Institute, who has been calling for a recession for several months now and saying we will know by the end of June whether we are in one or not, was traveling and not available to comment.
Financial markets appear to be on recession watch already. But in an interview with The Huffington Post, Greenhaus said he wasn't on full recession alert just yet. Budget Cuts Not Cramping Public University Presidents' Style. A survey by the Chronicle of Higher Education shows that compensation for public university presidents continues to grow at a healthy pace. There's certainly nothing outrageous per se about a 2.9 percent pay bump, but that outpaced national average compensation growth and it's difficult to argue that the public university industry has had a particularly stellar past couple of years.
The way state governments are sort of willy-nilly wacking away at America's historic commitment to college affordability is tragic, but the overall spending trajectory at many of these institutions is plainly unsustainable. At Ohio State, home of America's highest paid university president, the financial situation has gotten so dire that the university is "considering selling off Ohio State’s airport and golf courses". 6 Ways to Boost Our Economy Through Immigration Reform. The American dream cannot survive if we keep telling the dreamers to go elsewhere. Every day that we fail to fix our broken immigration laws is a day that we inflict a wound on our economy.
Immigration reform would be an economic engine for the entire country – creating good-paying jobs that will speed up our recovery. Both major political parties and both ends of Pennsylvania Avenue say that restoring economic growth is their top priority, so here are six key areas where bi-partisan agreement largely exists in Congress, where action could be taken immediately, and where the impact on our economy would be profound: 1. Stop providing a first-rate education in science and technology to foreign students – and then forcing them to leave after graduation. 2. An entrepreneur with backing from U.S. investors should be given a temporary visa to start a company in America.
We are a nation of entrepreneurs because we are a nation of immigrants. 3. We should end the cap on the high-skill H1-B visas. Job Losses Persist for the Less-Educated. U.S. Postal Service lost $5.2 billion last quarter. National Grid | Fully Charged. Wal-Mart will stop selling Amazon.com Kindles. NEW YORK (AP) — Wal-Mart Stores Inc. is phasing out the sale of Amazon.com's Kindle Fire tablet and Kindle e-readers, the second major retailer to stop offering the items in six months. Wal-Mart, the world's largest retailer, said Thursday the decision was made as part of its overall merchandising strategy to offer a broad assortment of products at low prices.
Amazon has been selling lower-priced tablets at thin — if any — profit margins to boost sales of digital media like books and music from its online store. That makes it less attractive for major retailers to carry Kindles in their stores, particularly as online retailers like Amazon.com become more of a threat for traditional brick-and-mortar stores. Retailers are trying to fight a growing practice called "showrooming. " That's when shoppers, armed with smartphones, browse products in physical stores and then shop online for a better price.
The move echoes Target Corp.' View gallery Amazon.com, based in Seattle, declined to comment. 'Free' Checking Accounts Are Costing More Than Ever. Re-thinking Progress: The Circular Economy.