Show StoriesRSS

select from

E.g., 9/22/2014
E.g., 9/22/2014

Can the US get back its AAA rating?

08/08/11 11:49AM

John Chambers, Standard & Poor Managing Director: “We assume the joint select committee will deliver the goods: The $1.5T in savings. And if they don’t, the sequestration mechanism will come into play. So now what we’re talking about is additional measures are going to be on the table. Now that we’re in the situation that we’re in, and we’re down to AA+, we’re going to be looking for the actual goods to be delivered. The five countries that lost their AAA rating that got it back – Australia, Canada, Denmark, Sweden, and Finland – they got it back over a period of 9 to 18 years. read more

Must Read Op-Eds for August 8, 2011

08/08/11 10:06AM

AFGHAN CRASH INFLICTS DOUBLE BLOW ON US PSYCHE  BY JULIETTE KAYYEMBOSTON GLOBEWe had come to believe that whatever would happen to Afghanistan in the future, that we could exit gracefully, with our heads held high even if we were also holding our noses. We would leave Afghanistan to the Afghans and wash our hands of the stabilizing effort that has eluded us and our allies for so long. read more

Morning Headlines: Monday, August 8th

08/08/11 05:49AM

Here's a look at the stories we're following right now. What are you reading this morning?Asian markets plunge after U.S. downgradeTim Geithner slams S&P over the debt downgradeGeithner will also stay on as Treasury SecretaryFamily and friends remember those who died over the weekend in AfghanistanAfghan helicopter crash reflects peril for U.S. read more

Ezra Klein: We need at least 120,000 jobs created

08/05/11 02:32PM

Ezra Klein, The Washington Post, just before the release of the July jobs report: “If it’s 75 or 90,000, it means we’re exactly where we expected. Remember, we need about 120,000 to keep up with population. So if you get less than 120K, forget digging out of where we’re going, we’re actually backsliding. So unless we’re beginning to see numbers like 200K, 300K, even 400K up on the board, we’re not recovering yet. And if we’re not recovering yet, then at some point the White House and Congress need to admit that we have gotten this wrong.” read more