Economy

The psychological consequences of underemployment have been largely ignored. The research that does exist, however, is not encouraging. Underemployment is associated with increased incidence of depression, less job satisfaction, lower self-esteem, and can also result in deep-seated, persistent feelings of shame. Originally published 17 months ago; still timely reading.

Does the fact that the Treasury Department still has a significant stake in GM stigmatize the company? Give it a negative “Government Motors” reputation among investors or consumers? There’s lot of chatter but little evidence. And analysts say that the company’s reputation hinges more on it’s product line-up and profit outlook.

Having become disoriented in the fog of Corporate Uncertainty, I was trying to find my way when, suddenly, over the Fiscal Cliff I went. I plunged straight down — deeper and deeper into the abyss. I thought all was lost. But then I saw the Grand Bargain waiting for me, beckoning to me. For a moment, I rejoiced.

A recent CBO report on the long-term budget outlook has reheated deficit hysteria. But the points of fiscal stress the CBO highlighted were misleading, its alternative budget scenarios lacked range or nuance, and its treatment of "excess" growth in health care costs cavalier.