The man who will almost certainly become Japan’s next prime minister, Yukio Hatoyama, is promising to cut the nation’s greenhouse gas emissions by 25 percent from 1990 levels by 2020.
This analysis from Ed Yardeni:
Based on the previous two cycles, the unemployment rate should peak in 15-19 months, or sometime between September 2010 and January 2011! When might employment recover? The previous two experiences suggest this might occur within the next 11-21 months after June, or between May 2010 and March 2011.
Some Democrats thought they would have a much easier time pushing through changes in healthcare, trade and labor policy thanks to the recession. The theory was that economic insecurity would nudge people toward the warm embrace of government. Obviously that does not seem to be happening. Indeed, past polls showed that economic downturns actually make people more skeptical of Big Government. Apparently, that is also true of Big Labor. This from a recent Gallup poll: