Wisconsin Election Recall and America's Economic Resilience
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As bad news piles up, more and more people are taking a dim view of America's economic prospects. Is it really that bad? We hear that there is another side to the story. Also, the results of yesterday's attempted recall in Wisconsin. Good news for Republican Governor Scott Walker and for President Obama. Bad news for Mitt Romney and organized labor.
Banner image: Wisconsin Governor Scott Walker walks past media after he filled out his ballot at Jefferson School to vote in the gubernatorial recall election June 5, 2012 in Wauwatosa, Wisconsin. Photo by Tom Lynn/Getty Images
Author Ray Bradbury Dies at 91 ()
Ray Bradbury wrote 27 novels and more than 600 short stories. His science fiction, including Fahrenheit 451, The Martian Chronicles and Something Wicked This Way Comes was regarded as serious literature. Bradbury died last night in Los Angeles at the age of 91. His official biographer is Sam Weller, author of The Bradbury Chronicles: The Life of Ray Bradbury and Listen to the Echoes: The Ray Bradbury Interviews.
Wisconsin Governor Walker Survives Recall ()
In yesterday's recall election, Wisconsin's Republican Governor Scott Walker faced the Democratic Mayor of Milwaukee, Tom Barrett. It was a re-run of the election in November of 2010, and the results looked almost the same. What does it mean for the future of organized labor and the prospects for the presidential election?
- Craig Gilbert: Milwaukee Journal Sentinel, @wisvoter
- Alec MacGillis: Reporter, Washington Post, @alecmacgillis
- Gary Chaison: Clark University, @ClarkMatters
Is There Good News about the Economy? ()
Former chief executive Bill Clinton has been campaigning for current President Barack Obama, but Clinton's latest comment on the economy might not help Obama in the November election. As if to prove the point, the Labor Department announced today that American productivity fell by 0.9 percent, slightly more than had been anticipated. Yet, despite high unemployment, low home sales, troubles in Europe and a drop in consumer confidence, the US economy still has strength and resilience. Some economists say the half-empty glass is also half full, as major corporations stop out-sourcing jobs and start bringing them back to America. That doesn't mean there won't be trouble ahead. Economics is still the "dismal science." We hear about some hopeful signs and the importance of government action.
- Barry Ritholtz: Fusion IQ, @ritholtz
- Vivek Wadhwa: Duke University, @wadhwa
- Steve Bartlett: Financial Services Roundtable, @fsroundtable
- Michael Lind: New America Foundation, @NewAmerica
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