News release: “Even as the last of the stimulus checks that have blunted the worst effects of the economic downturn are cashed, the economy remains poised on the brink of what could be a prolonged period of economic stagnation. According to a new report from the Center for Economic and Policy Research (CEPR), Congress and the administration must take action now to both provide a further short-term boost to the economy and to put the nation on a path toward sustainable growth and rising incomes for working families. Slow-Motion Recession: What Congress Can Do to Help, by economists Eileen Appelbaum, Dean Baker and John Schmitt, emphasizes the need both for fundamental economic reforms and for a second stimulus package to minimize economic hardship and promote growth.”
See also the following commentary and links:
- States & Localities: Heres to $4 Gas, By Peter Harkness, CQ Columnist: “In metropolitan areas across the country, exurban sprawl has slowed or stalled, both because of the collapse of the housing industry and the price of fuel. Neighborhoods closest to the urban core have the most resilient housing prices, because thats where people now want to live. Utah has made a four-day, 10-hour workweek mandatory for most state workers. Oklahoma and West Virginia are considering similar moves. A number of other states and localities are emphasizing telecommuting and flextime to reduce congestion and cut fuel consumption.”
- Related postings on the mortgage market and foreclosures
- Related postings on rising energy costs
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