The latest news out of the European Commission is that Cyprus, Denmark, and Finland have been added to a watch list of nations with “government deficits deemed high enough to pose a threat to the wider European economy.â€? It actually brings the tally up to 26 out of 27 EU countries that pose that threat. That’s right, almost every single one.
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How to Look for a Job
Unemployment is stuck in a rut. One reason is the tendency to look backwards. Trillions of dollars have been spent (with no end in sight) to bail out financial institutions, homebuilders, and failing industries. The federal government is spending $787 billion on a rejuvenation plan: ARRA – the American Recovery and Reinvestment Act of 2009. In the bill, $500 million is sequestered to metamorphose former credit-default swap salesmen into nurses and public health workers. Assuming the government wastes half of that money filling a new bureaucracy to administer the training, that still will be a lot of new nurses.
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