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Wonk Watch 7.10.09

Posted Friday, July 10, 2009 - 4:40pm

Brad DeLong made a pithy observation about work force retention and productivity during the recession. While employers have cut their staff numbers, productivity has in fact gone up. "It is really beginning to look as though businesses take recessions as opportunities to greatly slim down their workforces without making the workers they retain too angry and depressed," DeLong wrote.

  • Amy Tennery is a proud former intern of The Big Money. She is currently an editorial assistant at The Real Deal and can be reached at at@therealdeal.com.
  • Gabriel Beltrone is an intern at The Big Money.

Word of the Week

Posted Friday, July 10, 2009 - 2:54pm

This week the word(s) on everyone's lips were second stimulus. As the recession drags on, financial experts have floated the idea of a follow-up funding package (although, as this WSJ article points out, this proposal would be the third stimulus package since the crisis began). Heated debate has ensued. Predictably, the GOP has been unenthused.

  • Amy Tennery is a proud former intern of The Big Money. She is currently an editorial assistant at The Real Deal and can be reached at at@therealdeal.com.

We're Trying To Be Less Evil. Really.

Posted Friday, July 10, 2009 - 10:21am

In my story about Swoopo.com earlier this week, I wrote that August Capital, the Silicon Valley venture capital firm that's invested in the auction site, should be ashamed of themselves for getting involved with this kind of company. Well, that got their attention.

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