"A senior Indian official was telling me this only today: that the Pakistan army wants to keep relationship with India bad because that justifies its existence." — Sir Mark Tully
The Labor Department releases November unemployment data this morning. In October, the economy lost 240 thousand jobs and November may deliver some even bleaker numbers. Economist Peter Morici, a professor at the University of Maryland School of Business, looks at the numbers.
The Treasury Department is reportedly in talks with Fannie Mae and Freddie Mac seeking ways to help drive down mortgage rates. But it is unclear how much the plan might help—and whom it might help. We’re joined by Cristian deRitis, director of Credit Analytics Group at Moody’s Economy.com
Roberto Lovato hopes an Obama administration can "turn the tortilla" on immigration reform.
"She was one of the first governors to call for the deployment of the National Guard to protect us against the threat of gardeners and maids and other immigrants wanting to come into the United States." — Roberto Lovato on Janet Napolitano
And the leading indicators aren't looking any better.
"They have to bang some heads together and say this is what's going on — these are the systemic problems we've been having. There has to be some kind of grand bargain here." — Daniel Gross on economic solutions