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...dream scenario of the green-technology revolution: a plant that used to make Lincoln Continentals starts churning out the mechanical apparatus of wind-power storage. Michigan autoworkers, knocked off their feet by a collapsing industry, put their skills to use in the quintessential "industry of tomorrow." Once those high-value manufacturing jobs are in place and a group of workers has money to spend, other jobs follow - at doughnut shops, hair salons, real estate brokerages and law firms...
...Congress wants more and better jobs in the U.S., it should do things like create a permanent tax break for companies that invest in research and development, make it easier for foreigners who get science and engineering Ph.D.s at American universities to stick around after graduation, and spend serious time and money improving the nation's infrastructure, including the electric grid and broadband network. Such initiatives will not create many jobs that can be tallied on a spreadsheet. What they will do is more important: lay the groundwork for businesses to innovate and grow...
...million uninsured Americans. Earlier in the week, observers wondered why it was taking longer than expected for the key number cruncher to issue a verdict. Not only did the delay raise the question of whether all the compromises made to try to win broad enough support would make the bill too costly, but it also played into the hands of Republicans trying to keep the focus on the messy process of passing the bill rather than the substance in it. (Read "Health Reform Passes Senate, But Will House Dems Sign...
...unveiling the CBO score, House Democrats also confirmed the changes they would make (which Obama had supported) to the underlying Senate bill, notably stripping out some sweetheart deals like a special Medicaid funding deal for Nebraska and a provision that would have given special treatment to Medicare Advantage recipients in Florida and a handful of other states. And the House package also makes some substantial changes to other policies in the Senate bill. Relative to the Senate bill, the House package would...
...Make deeper cuts to the Medicare Advantage program, a federally funded program in which private insurers provide Medicare benefits to seniors. The government currently pays MA plans about 14% more than it pays for traditional Medicare...