AP via Yahoo: Stocks have lost some of the momentum that propelled the Dow Jones industrial average up 61.4 percent from its close of 6,547 on March 9, 2009... investors are waiting for signs that the economy is ready to put up some solid, sustainable growth numbers.
The most likely trigger: job growth. Investors need to see a Labor Department report that says employers are creating more jobs than they're cutting.
NPR: Walker, the CEO of the Peter G. Peterson Foundation, is the author of Comeback America, a book detailing his belief that if significant fiscal reforms aren't immediately enacted in the United States, interest rates on the national debt will rise, and federal taxes could easily double from current levels by 2030...
"Structural deficits represent a fundamental imbalance between projected revenues and projected expenditures even when the economy is growing, even when the wars are over, even when unemployment is down. And in that circumstance, we face — because of known demographic trends — the retirement of the baby-boom generation primarily and rising health care cost — large, known and growing structural deficits that could swamp our ship of state."
Walker says that unless spending is controlled, the country will enter an "economic abyss."
I.O.U.S.A.: I.O.U.S.A.: Byte-Sized - The 30 Minute Version
NPR: Cost Of Medical School Rises
NPR: States Weigh Four-Day School Week To Cut Costs
WNYC: Harry Markopolos talks about his years spent investigating Bernie Madoff and his $65 billion Ponzi scheme:
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