The Dismal Jobs Number: Time for New Stimulus?

There goes the recovery.

In May, the number of people employed in America rose by just 54,000. In addition, the unemployment rate rose for the second month in a row to 9.1%. Worse, the time it’s taking unemployed people to find a job rose to a new high of 39.7 weeks, or nearly 10 months. There was bad news in May’s jobs report, and then …

Groupon’s “Sellout” CEO Files for $750 Million IPO

In 2006, Andrew Mason was coaxed out of graduate school at the University of Chicago with an offer of $1 million in funding to convert his idea called The Point, which was designed to network people into social action, into a business. It went nowhere fast, says Eric Lefkofsky, the entrepreneur who provided the seed money. “People …

The Upside of a Double Dip

A slew of economic indicators out this week has ratcheted up fears of a double dip recession. Many think Friday’s jobs’ report could be the death knell of the U.S. recovery. But there’s a silver lining to the disappointing stats on housing, jobs, and manufacturing: No matter how bad it gets, the dollar will probably stay weak. And …

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