Odds and ends
- Talk about Stockholm Syndrome
- Like the Great Depression, only worse
- Simple-minded isn't always wrong
- When equivocation doesn't cut it
Tough times now, no end in sight
Together, these problems raise the possibility that the United States is not merely suffering through a normal, if severe, downturn. Instead, it may have entered a phase in which high unemployment is the norm.
On Friday, the Labor Department reported that job growth was mediocre in September and that unemployment remained at 9.1 percent. In a recent survey by the Federal Reserve Bank of Philadelphia, forecasters said the rate was not likely to fall below 7 percent until at least 2015. After that, they predicted, it would rarely fall below 6 percent, even in good times.






