Are we in a recession? The jobs data settles that question. lost jobs for a third consecutive month in March and the unemployment rate rose to the highest level since September 2005, pointing to an economy that may already be in a recession. Payrolls shrank by 80,000, more than forecast, after a decrease of 76,000 in February that was more than initially reported, the Labor Department said today in Washington. The jobless rate rose to 5.

Poverty is the parent of revolution and crime. There is a solitude in poverty, but a solitude which restores to each thing its value. The poor ye have always with you. As for the virtuous poor, one can pity them of course, but one cannot possibly admire them. To be broke is not a disgrace, it is only a catastrophe.