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Friday, February 15, 2008
With Hollywood's writers back on the job, we turn an eye to entertainment and learn about an actor's day on the set with Tobias Truvillion of "One Life to Live."
Tobias Truvillion, on a rare day off from taping episodes of "One Life To Live." (Judith Ritter)
More on Jobs, Day in the Work Life/Job Files
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I am not buying the whole "there might not even be a recession, and if there is one, it will be brief." If oil prices continue to rise, driving inflation, the Federal Reserve will eventually be forced to raise interest rates in the middle of a slowdown. We are already seeing signs of a Japan style "liquidity trap" which is preventing the free flow of money from the banks to Main Street. I think the government's efforts to bail out the housing market will be about as effective as the response to Hurricane Katrina...
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What is "sustainability?" It boils down to this: Don't eat your seed corn.
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