Fed Paper: Chance Of U.S. Recession In 2012 Tops 50 Percent

Monday, November 14, 2011 Fed Paper: Chance Of U.S. Recession In 2012 Tops 50 Percent The European debt crisis is raising the odds of a U.S. recession, with economic contraction more likely than not by early 2012, according to research from the San Francisco Federal Reserve Bank. Report: Kaiser Nets Billions While Overburdening Its Staff Target Workers: Please Let Us Stay Home On Thanksgiving Tom Coburn: Feds Pay Out Billions In 'Welfare For Well-Off' Former MF Global Employees Sue Over Firings BLOG POSTS Mohamed A. El-Erian: "Act and Learn" Versus "Debate and Wait" When one compares policymaking episodes around the world it seems clear that there is more at play than the content of policies. The mindset of policymakers and the process of policymaking seem to also have a lot to do with the disappointing outcomes. Matthew P. Drennan: Income Inequality Is Bad Economics To develop a strong economic recovery and avoid another decade of stagnant income, we need a more equal distribution of income that would promote the strong consumption spending required for full employment. Wendell Potter: A Determined Dog Goes After Insurers Again to Save Consumers Billions If there is one organization that insurers despise and fear more than any other, it surely must be Consumer Watchdog. Martin Ford: Honda's ASIMO Robot -- A Future Job Killer? A lot of people have jobs that are safe from automation not because they are especially advanced or creative, but because they involve skills such as dexterity and hand-eye coordination that are currently beyond the capability of machines. Things are changing. Fast. Jared Bernstein: If That's a Super Committee, What Does One With Normal Powers Look Like? The deficit-reduction super committee could always pull a rabbit out of a hat, I guess, but the likelihood of anything but gridlock has been low from the beginning.

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