Beyond the Big City Blues
Posted in Main Blog (All Posts) on July 10th, 2011 4:31 am by HL
Beyond the Big City Blues
Walter Russell Mead, The American Interest
Policy, Politics & Culture In my last post, I argued that we need to stop thinking about our inner city problems so heavily in terms of race. Racial problems in the US contributed to the particular history of the urban underclass and race can never be totally ignored in this country, but the inner city today is haunted by three serious problems, none of which is racial in nature: a lack of jobs, an advanced state of social disintegration and decay, and the presence of the illegal drug industry.There are no silver bullets for any of these problems; they were built up over many…
Dismal Jobs Report Heightens Economic Worries
Lahart & Light, WSJ
The U.S. economy added painfully few jobs for the second month in a row, undermining hopes that the sluggish recovery was getting back on track, depressing financial markets and putting new pressure on policy makers to come to the rescue.The nation's unemployment rate ticked up to 9.2% in June, with only 18,000 non-farm payrolls added to the economy. WSJ's Sudeep Reddy and Phil Izzo join the News Hub panel to break down the numbers.The government's broadest snapshot of employment showed the nation added just 18,000 jobs in June. Private-sector hiring slipped to its slowest pace…
Our Pitchforks Are Misdirected
Mark Steyn, Orange County Register
China’s Bumpy Road Ahead
Ian Bremmer, Wall Street Journal
Obama Calls for “Balanced Approach” on Debt
Jamie Klatell, The Hill
As the debate intensifies over raising the debt ceiling and kick-starting the economy, President Obama attempted to rise above the fray in his weekend address.”We can meet our fiscal challenge,” the president said. “That's what the American people sent us here to do. They didn't send us here to kick our problems down the road. That's exactly what they don't like about Washington. They sent us here to work together. They sent us here to get things done.” Obama sounded a positive note about negotiations over raising…