In the world of smaller daily newspapers, Mondays and Saturdays always competed to produce the thinnest and dullest editions. Saturdays at least had the advantage of high school sports coverage to attract readers. Mondays offered a local business columnist or community round-up, a feature story to anchor the front page, and maybe dross spun into breaking-news gold by the weekend reporter.
The Wall Street Journal clearly runs on a different schedule, in a different news universe all together. The relatively new Saturday edition is more featurish than the other days, true, but it still has so much of interest, including long interviews like Kimberly Strassel’s talk with Ken Feinberg, the federal BP claims adminstrator, or, “Mr. Fairness.”
And Mondays, well, Mondays….!
All these stories and commentaries today are a good read.
Mark Whitehouse, “Some Firms Struggle to Hire Despite High Unemployment, “With a 9.5% jobless rate and some 15 million Americans looking for work, many employers are inundated with applicants. But a surprising number say they are getting an underwhelming response, and many are having trouble filling open positions.”
Michael P. Fleischer, “Why I’m Not Hiring,” a commentary from the president of Bogen Communications in Ramsey, N.J.: “A life in business is filled with uncertainties, but I can be quite sure that every time I hire someone my obligations to the government go up. From where I sit, the government’s message is unmistakable: Creating a new job carries a punishing price.”
Jason Clemens, “Canada, the Land of Smaller Government,” with a telling sub-deck, “Its corporate income tax rate is 18% and falling. America’s is 35%”: “All government spending peaked at 53% of Canadian GDP in 1992 and fell steadily to just under 40% by 2008. (Government spending in the U.S. was 38.8% of GDP that year.) The recession has caused government spending to increase in both countries. But if present trends continue, within two or three years Canada will have a smaller government as a share of its economy than the U.S.”
Glenn Hubbard, “Fairness and the Capital Tax Fetish,” and the second headline, “No serious economist thinks higher dividend and cap gains taxes are efficient ways to raise revenue. Why not limit deductions for high earners instead?”
And a book review by Melanie Kirkpatrick, “What, Me Study?“: “The Five-Year Party” provides the most vivid portrait of college life since Tom Wolfe’s 2004 novel, “I Am Charlotte Simmons.” The difference is that it isn’t fiction. The alcohol-soaked, sex-saturated, drug-infested campuses that Mr. Brandon writes about are real. His book is a roadmap for parents on how to steer clear of the worst of them.”
The Mr. Brandon is Craig Brandon, and to close the circle of today’s topics and return to skills, Kirkpatrick reports an argument from his book: “Mr. Brandon urges parents not to assume that their child is college material and to consider community colleges and vocational schools, whose curriculums tend to focus on teaching specific job skills.”
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