- Teamster General President Jim Hoffa just sent a letter to the editor at The Economist, a British news magazine started back in the 19th century to promote free trade.One of their columnists, "Schumpeter," wrote an essay saying that unions might offend people by talking about "fighting."Schumpeter, by the way, is named after the Austrian economist who coined the phrase "creative destruction." (Kind of goes with free trade, doesn't it?)
It is a very bleak picture indeed.
“The crisis has clearly led to significant increases in unemployment (particularly among the youth) – around 45 million workers have been pushed into unemployment since 2007.”
Lawmakers Agree to Place Fed Under More Scrutiny Washington Post