Topic: Narayana Kocherlakota
The market rallied late in the afternoon, with the Dow closing 14 points up
Unemployment report showing a gain of 216,000 jobs provided a lift for stocks. With unemployment rate at a two-year low, the Dow rose 56 points.
Next week, the White House hosts a summit on community colleges. The schools, so vital to training and job skills, need support from all sectors of society.
One option the government should consider is imposing a taxes on each bank equal to the government’s future cost of bailing it out. The more risky a bank's investments, the higher the taxes.