In Ohio, lots of pro-coal ads, not so many miners
Tuesday, October 9, 2012 - 02:35 Justin Sullivan/Getty Images A coal miner looks on as Republican presidential candidate and former Massachusetts Governor Mitt Romney speaks during a campaign rally at the American Energy Corportation. One of the campaign issues grabbing attention in Ohio is the future of the coal industry. Romney has ads; Obama has ads. But, there’s a funny thing about all the focus on Ohio coal miners in this year’s presidential election. Based on the attention, you might think we were talking about a whole lot of people. We’re not. In Ohio, “there are about 2,700 active coal miners as of the latest government data, which is 2010,” says Phil Smith with the United Mine Workers of America . “I would expect that number to be about the same, maybe less than it was in 2010.” The National Mining Association estimates less than one percent of Ohio’s GDP comes from coal mining. So why all the attention? Two words: swing state. Candidates need every vote they ...
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Who lost the middle class?
Monday, October 1, 2012 - 14:04 iStockphoto Who will save the middle class? Who lost the middle class? That's the question confronting President Obama and Mitt Romney as they march toward voting day. Their answers are predictable: Romney blames regulations and big government; Obama points to policies favoring rich guys like Romney. Sadly for the embattled American middle class, both viewpoints miss the mark. The great stagnation in median incomes since the early 1990s stems from a failure to calibrate domestic policy to the demands of a rapidly changing world economy. Whether Democrats tax too much or Republicans too little is irrelevant against the sweeping economic disruptions caused by two decades of unprecedented globalization. Global money flows have grown exponentially as restrictions on trade and investment have eased. But the exchange rates used to price these money flows have become distorted. China's manipulation of its currency has reduced the price of its exports in dollar terms. ...
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Who lost the midde class?
Monday, October 1, 2012 - 14:04 iStockphoto Who will save the middle class? Who lost the middle class? That's the question confronting President Obama and Mitt Romney as they march toward voting day. Their answers are predictable: Romney blames regulations and big government; Obama points to policies favoring rich guys like Romney. Sadly for the embattled American middle class, both viewpoints miss the mark. The great stagnation in median incomes since the early 1990s stems from a failure to calibrate domestic policy to the demands of a rapidly changing world economy. Whether Democrats tax too much or Republicans too little is irrelevant against the sweeping economic disruptions caused by two decades of unprecedented globalization. Global money flows have grown exponentially as restrictions on trade and investment have eased. But the exchange rates used to price these money flows have become distorted. China's manipulation of its currency has reduced the price of its exports in dollar terms. ...
america
american
casey
china
combination
commentary
competitiveness
currency
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dependence
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evisceration
globalization
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mitt romney
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policy
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questions
regulations
republicans
restrictions
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wall