David Mamet criticizes government art subsidies for popularizing 'pseudodramas.'
Many states are implementing a tax holiday in the coming weeks, hoping to boost retail sales and let struggling families get more for their money in a down economy. Experts are divided as to whether the scheme actually drives more shoppers to make purchases
Unemployment is stuck at 9.5 percent. But online sites report big growth in freelance jobs, despite stubbornly high unemployment.
Unemployment rate watchers noted that summer is traditionally a slow season for hiring, but the economy continues to show signs of slow progress. The unemployment rate stayed at 9.5 percent in a jobs report issued Friday.
It's not clear what higher taxes will mean for small business, but these firms will suffer if they are unable to access capital. To the degree that government borrowing makes it harder for these firms to raise money, extending a tax cut that will cost nearly $700 billion might not make sense.
Christina Romer, one of President Obama's key economic advisers, is returning to teach at UC Berkeley. Christina Romer was instrumental in crafting the $789 billion stimulus package passed just months into her tenure.
Wheat prices have jumped about 75 percent since early July. Drought in Russia and, perhaps, speculators in the commodity markets are behind the increase.