The fiscal cliff is looming again, this time using a different and uglier legal term – sequestration – under which policymakers will soon get together to hopefully thwart the painful regression of another recession, one that is of their own making.
The job report for June was met with disappointment and frustration on Friday, showing only 18,000 new jobs created for the month – far below the expected number – and an unemployment rate of 9.2 percent.
Thailand made history Sunday by electing the nation’s first female prime minister in its first general election since 2007. Officials were still counting ballots when sitting prime minister Abhisit Vejjajiva conceded loss to Yingluck Shinawatra.
With a facetious bill and a conspiratorial plan, Republicans in the House of Representatives put on a show of solidarity on May 31. Their proposed legislation—to raise the U.S. debt ceiling without attaching spending cuts