廷龍政經閱讀: The Week of Jan 29, 2012
Adam Davidson: Making it in America (The Atlantic)
For most of U.S. history, most people had a slow and steady wind at their back, a combination of economic forces that didn’t make life easy but gave many of us little pushes forward that allowed us to earn a bit more every year. Over a lifetime, it all added up to a better sort of life than the one we were born into. That wind seems to be dying for a lot of Americans. What the country will be like without it is not quite clear.
Charles Duhigg & Keith Bradsher: How the U.S. Lost Out on iPhone Work (New York Times)
But in the last two decades, something more fundamental has changed, economists say. Midwage jobs started disappearing. Particularly among Americans without college degrees, today’s new jobs are disproportionately in service occupations — at restaurants or call centers, or as hospital attendants or temporary workers — that offer fewer opportunities for reaching the middle class.
James Fallows: Annotated State of the Union Speech (The Atlantic)
In a nutshell, that theme—the intended message of the speech—is: I am a reasonable guy, still hoping to be a uniter rather than a divider, and I have a plan to deal with the trends that make us all worry about our economy and society. Also, I’m very patriotic—and if you think I’m weak or pussy-footing, go ask Osama bin Laden about that.
James Surowiecki: Year of the Yo-Yo (New Yorker)
In other words, while crazy volatility may be great for traders (who live for the chance to make two per cent a day), it’s lousy for the rest of us, and for the economy as a whole. It isn’t just that volatility costs ordinary investors money. It also makes them more likely to give up on the stock market entirely: over the past three years, investors have pulled almost two hundred and fifty billion dollars out of equity funds, even though stock prices have almost doubled since the lowest point of the crash.