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	<title>SwamplandCategory: Economy &#124; Swampland &#124; TIME.com</title>
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		<title>SwamplandCategory: Economy &#124; Swampland &#124; TIME.com</title>
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		<title>‘Loser’ No More: Tesla Repays $465 Million U.S. Loan</title>
		<link>http://business.time.com/2013/05/23/loser-no-more-tesla-repays-465-million-u-s-loan/#ixzz2U8e6P6aR</link>
		<comments>http://business.time.com/2013/05/23/loser-no-more-tesla-repays-465-million-u-s-loan/#ixzz2U8e6P6aR#comments</comments>
		<pubDate>Thu, 23 May 2013 17:42:08 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://swampland.time.com/?p=96386</guid>
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		<slash:comments>0</slash:comments>
	<primary_category>Economy</primary_category><primary_category_link>http://swampland.time.com/category/domestic-policy-2/economy/</primary_category_link><featured_image>http://timeswampland.files.wordpress.com/2013/05/159536515.jpg?w=200</featured_image>
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			<media:title type="html">North American International Auto Show Held In Detroit</media:title>
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			<media:title type="html">drogers1271</media:title>
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		<title>It’s Official: Tech Has Replaced Banking as the New Corporate Bad Guy</title>
		<link>http://business.time.com/2013/05/21/its-official-tech-has-replaced-banking-as-the-new-corporate-bad-guy/</link>
		<comments>http://business.time.com/2013/05/21/its-official-tech-has-replaced-banking-as-the-new-corporate-bad-guy/#comments</comments>
		<pubDate>Tue, 21 May 2013 13:44:38 +0000</pubDate>
		<dc:creator>Rana Foroohar</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://swampland.time.com/?p=96159</guid>
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		<slash:comments>0</slash:comments>
	<primary_category>Economy</primary_category><primary_category_link>http://swampland.time.com/category/domestic-policy-2/economy/</primary_category_link><featured_image>http://timeswampland.files.wordpress.com/2013/05/rtr37w68.jpg?w=200</featured_image>
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			<media:title type="html">Apple Inc. CEO Tim Cook takes the stage during Apple Inc.&#039;s iPhone media event in San Francisco</media:title>
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			<media:title type="html">drogers1271</media:title>
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		<title>Four Non-IRS Questions for Treasury Secretary Jack Lew</title>
		<link>http://swampland.time.com/2013/05/21/four-non-irs-questions-for-treasury-secretary-jack-lew/</link>
		<comments>http://swampland.time.com/2013/05/21/four-non-irs-questions-for-treasury-secretary-jack-lew/#comments</comments>
		<pubDate>Tue, 21 May 2013 09:45:11 +0000</pubDate>
		<dc:creator>Massimo Calabresi</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://swampland.time.com/?p=96102</guid>
		<description><![CDATA[Treasury Secretary Jack Lew testifies before the Senate Banking committee Tuesday, and is bound to spend the majority of his time answering questions about the Internal Revenue Service’s targeting of right wing political groups for heightened scrutiny. While it’s important to figure out who is responsible for the bad behavior at the IRS, and how to fix it, believe it or not there are more important questions that Senators should ask Lew, and they have nothing to do with the IRS. Like, for example, how stable is the global financial system and are Dodd-Frank measures designed to avoid another global economic collapse helping or hurting? Fortunately, that’s the very subject on which Lew has been called to testify. The Dodd-Frank regulatory behemoth known the Financial Stability Oversight Council, which comprises the principals and staff of the major federal financial regulators, issued its annual report in March and Lew’s visit to the Hill is in fact precisely for the purpose of answering questions raised by the nearly-200 page summary of the state of America’s financial health. Here are four FSOC-related questions that Lew should be asked about: 1) At the height of the financial panic in Sept. 2008, a run on the U.S. shadow banking system was halted only after the U.S. government stepped in and guaranteed all money market funds (MMFs). In 2010, the Securities and Exchange Commission proposed reforms to the funds, but in Nov. 2012, the FSOC rejected them, saying they “did not address the structural vulnerabilities of MMFs that leave them susceptible to destabilizing runs.” Is SEC moving ahead with structural reforms, and if so what are they, when will they be issued, and do they solve the problem? 2) Something like 90% of the mortgages in America are backed by the government via Fannie Mae and other former Government Sponsored Enterprises (GSEs) that were rescued during the financial crisis. FSOC member Edward DeMarco, the acting head of the Federal Housing Finance Authority, proposed in March spinning off some of the mortgage writing business, and you have said,<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=swampland.time.com&#038;blog=5284847&#038;post=96102&#038;subd=timeswampland&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://swampland.time.com/2013/05/21/four-non-irs-questions-for-treasury-secretary-jack-lew/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Economy</primary_category><primary_category_link>http://swampland.time.com/category/domestic-policy-2/economy/</primary_category_link><featured_image>http://timeswampland.files.wordpress.com/2013/05/891a269e88764516b61a04050699cdf9-0.jpg?w=200</featured_image>
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			<media:title type="html">Treasury Secretary Jacob Lew arrives on Capitol Hill to testify before the Senate Banking Committee in Washington, D.C., on May 21, 2013.</media:title>
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			<media:title type="html">calabresim</media:title>
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		<title>Jack Lew&#8217;s Signature Gets A Reboot, Mystery Third Signature To Appear On Currency</title>
		<link>http://swampland.time.com/2013/05/07/jack-lews-signature-gets-a-reboot/</link>
		<comments>http://swampland.time.com/2013/05/07/jack-lews-signature-gets-a-reboot/#comments</comments>
		<pubDate>Tue, 07 May 2013 14:20:29 +0000</pubDate>
		<dc:creator>Zeke J Miller</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://swampland.time.com/?p=94971</guid>
		<description><![CDATA[Treasury Secretary Jack Lew&#8217;s slinky signature has been replaced by a slightly more intelligible version. First noticed by MSNBC, the revised signature appeared in the annual report of the Financial Stability Oversight Council released last month. But according to an administration official, the new signature &#8220;does not look anything like&#8221; the official version that will be displayed U.S. currency beginning later this year. A Treasury spokesperson told TIME, &#8220;I&#8217;d advise you to stay tuned.&#8221; When Lew&#8217;s nomination to the post was announced in January, President Barack Obama poked fun at Lew&#8217;s signature, saying when he saw news reports about it he considered rescinding his offer to appoint him. &#8220;Jack assures me that he is going to work to make at least one letter legible in order not to debase our currency should he be confirmed as Secretary of the Treasury,&#8221; Obama said to laughs and applause.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=swampland.time.com&#038;blog=5284847&#038;post=94971&#038;subd=timeswampland&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://swampland.time.com/2013/05/07/jack-lews-signature-gets-a-reboot/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Economy</primary_category><primary_category_link>http://swampland.time.com/category/domestic-policy-2/economy/</primary_category_link><featured_image>http://timeswampland.files.wordpress.com/2013/01/jack-lew-signature-e1357850602743.jpg?w=200</featured_image>
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			<media:title type="html">zekemiller</media:title>
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		<title>Jobs Report: Economy Avoids ‘Spring Swoon’ As Unemployment Rate Falls</title>
		<link>http://business.time.com/2013/05/03/jobs-report-economy-avoids-spring-swoon-as-unemployment-rate-falls/</link>
		<comments>http://business.time.com/2013/05/03/jobs-report-economy-avoids-spring-swoon-as-unemployment-rate-falls/#comments</comments>
		<pubDate>Fri, 03 May 2013 15:11:05 +0000</pubDate>
		<dc:creator>Christopher Matthews</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://swampland.time.com/?p=94762</guid>
		<description><![CDATA[<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=swampland.time.com&#038;blog=5284847&#038;post=94762&#038;subd=timeswampland&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/05/03/jobs-report-economy-avoids-spring-swoon-as-unemployment-rate-falls/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Economy</primary_category><primary_category_link>http://swampland.time.com/category/domestic-policy-2/economy/</primary_category_link><featured_image>http://timeswampland.files.wordpress.com/2012/02/sl_jobs2_0203_blog.jpg?w=200</featured_image>
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			<media:title type="html">drogers1271</media:title>
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		<item>
		<title>Austerity Strikes Back: Budget Hawks Regroup After the Reinhart/Rogoff Affair</title>
		<link>http://business.time.com/2013/05/01/austerity-strikes-back-budget-hawks-regroup-after-the-reinhartrogoff-affair/</link>
		<comments>http://business.time.com/2013/05/01/austerity-strikes-back-budget-hawks-regroup-after-the-reinhartrogoff-affair/#comments</comments>
		<pubDate>Thu, 02 May 2013 01:47:13 +0000</pubDate>
		<dc:creator>Christopher Matthews</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://swampland.time.com/?p=94633</guid>
		<description><![CDATA[<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=swampland.time.com&#038;blog=5284847&#038;post=94633&#038;subd=timeswampland&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/05/01/austerity-strikes-back-budget-hawks-regroup-after-the-reinhartrogoff-affair/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Economy</primary_category><primary_category_link>http://swampland.time.com/category/domestic-policy-2/economy/</primary_category_link><featured_image>http://timeswampland.files.wordpress.com/2013/02/426250-001.jpg?w=200</featured_image>
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			<media:title type="html">government money</media:title>
		</media:content>

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			<media:title type="html">drogers1271</media:title>
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		<title>Stop Bemoaning the New GDP Numbers: It’s Good News</title>
		<link>http://business.time.com/2013/04/29/stop-bemoaning-the-new-gdp-numbers-its-good-news/</link>
		<comments>http://business.time.com/2013/04/29/stop-bemoaning-the-new-gdp-numbers-its-good-news/#comments</comments>
		<pubDate>Mon, 29 Apr 2013 14:16:44 +0000</pubDate>
		<dc:creator>Rana Foroohar</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://swampland.time.com/?p=94344</guid>
		<description><![CDATA[<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=swampland.time.com&#038;blog=5284847&#038;post=94344&#038;subd=timeswampland&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/04/29/stop-bemoaning-the-new-gdp-numbers-its-good-news/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Economy</primary_category><primary_category_link>http://swampland.time.com/category/domestic-policy-2/economy/</primary_category_link><featured_image>http://timeswampland.files.wordpress.com/2013/04/167567811-copy.jpg?w=200</featured_image>
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			<media:title type="html">City University Of New York Holds Job And Internship Fair</media:title>
		</media:content>

		<media:content url="http://2.gravatar.com/avatar/509f545dfcf07266c1eb847a42170416?s=96&#38;d=http%3A%2F%2F2.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">drogers1271</media:title>
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		<item>
		<title>The Real Reason Wall Street Is Fighting the Online Sales Tax</title>
		<link>http://business.time.com/2013/04/23/why-is-wall-street-fighting-the-online-sales-tax/#ixzz2RN5eDkoG</link>
		<comments>http://business.time.com/2013/04/23/why-is-wall-street-fighting-the-online-sales-tax/#ixzz2RN5eDkoG#comments</comments>
		<pubDate>Wed, 24 Apr 2013 20:25:20 +0000</pubDate>
		<dc:creator>Christopher Matthews</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://swampland.time.com/?p=93924</guid>
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		<wfw:commentRss>http://business.time.com/2013/04/23/why-is-wall-street-fighting-the-online-sales-tax/#ixzz2RN5eDkoG/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Economy</primary_category><primary_category_link>http://swampland.time.com/category/domestic-policy-2/economy/</primary_category_link><featured_image>http://timeswampland.files.wordpress.com/2013/04/rtr222nq.jpg?w=200</featured_image>
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			<media:title type="html">A Wall St. sign is seen outside of the New York Stock Exchange</media:title>
		</media:content>

		<media:content url="http://2.gravatar.com/avatar/509f545dfcf07266c1eb847a42170416?s=96&#38;d=http%3A%2F%2F2.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">drogers1271</media:title>
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		<title>Sequestration Begins To Bite</title>
		<link>http://swampland.time.com/2013/04/22/sequestration-begins-to-bite/</link>
		<comments>http://swampland.time.com/2013/04/22/sequestration-begins-to-bite/#comments</comments>
		<pubDate>Mon, 22 Apr 2013 17:26:56 +0000</pubDate>
		<dc:creator>Zeke J Miller</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://swampland.time.com/?p=93679</guid>
		<description><![CDATA[Sequestration is here — and it’s hitting the White House hard. At the Office of Management and Budget, the executive department charged with managing the sequestration cuts, a total of 480 employees begin furloughs this week. Only a handful of political appointees are exempted. Roughly eight in 10 of the OMB&#8217;s staffers are on unpaid furlough today — and will be every other week until October. The rest will be at home without pay next Monday, an alternating schedule that will continue through the end of the fiscal year Sept. 30. After seven weeks of worries and doubts, the mandatory budget cuts are starting to be felt across the nation. Flight delays and airport security wait times are up, EPA inspections are being deferred, and even those responsible for setting furlough policy at OMB are themselves being furloughed. The Federal Aviation Administration plan to scale back the hours of all of its 47,000 employees — including 15,000 flight controllers — kicked in on Sunday, requiring an unpaid day off every two weeks. &#8220;Yesterday there were approximately 400 delays in the system attributable to staffing reductions resulting from the furlough,&#8221; an FAA spokesperson said in a statement to TIME. The Department of Defense’s more than 700,000 civilian employees face as many as 14 furlough days beginning in May. Employees are prohibited from working during a furlough day even if they want to, and are barred from checking their email for the entire 24-hour period of the furlough day, as well as the preceding Sunday and following Saturday — because then they would need to be paid. The cuts follow dire warnings from the White House in February about the mandatory sequestration cuts, which hit nearly all federal programs and offices across the board. But the administration failed to avert them as Republicans stood firm against raising revenue to achieve the required deficit reduction under the 2011 Budget Control Act, and Obama was accused of crying wolf by Republicans as the March 1 deadline came and went without much of a hiccup. But<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=swampland.time.com&#038;blog=5284847&#038;post=93679&#038;subd=timeswampland&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://swampland.time.com/2013/04/22/sequestration-begins-to-bite/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Economy</primary_category><primary_category_link>http://swampland.time.com/category/domestic-policy-2/economy/</primary_category_link><featured_image>http://timeswampland.files.wordpress.com/2013/04/rtxygfy.jpg?w=200</featured_image>
		<media:thumbnail url="http://timeswampland.files.wordpress.com/2013/04/rtxygfy.jpg?w=200" />
		<media:content url="http://timeswampland.files.wordpress.com/2013/04/rtxygfy.jpg?w=200" medium="image">
			<media:title type="html">Obama delivers remarks on the budget alongside Jeff Zients in the Rose Garden of the White Hose in Washington</media:title>
		</media:content>

		<media:content url="http://2.gravatar.com/avatar/b456c5209a547a000e0b869f3333aa77?s=96&#38;d=http%3A%2F%2F2.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">zekemiller</media:title>
		</media:content>
	</item>
		<item>
		<title>Why the Argument for Austerity Took a Big Hit Yesterday</title>
		<link>http://business.time.com/2013/04/17/why-the-argument-for-austerity-took-a-big-hit-yesterday/?iid=biz-main-lead</link>
		<comments>http://business.time.com/2013/04/17/why-the-argument-for-austerity-took-a-big-hit-yesterday/?iid=biz-main-lead#comments</comments>
		<pubDate>Wed, 17 Apr 2013 16:59:45 +0000</pubDate>
		<dc:creator>Christopher Matthews</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://swampland.time.com/?p=93234</guid>
		<description><![CDATA[<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=swampland.time.com&#038;blog=5284847&#038;post=93234&#038;subd=timeswampland&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/04/17/why-the-argument-for-austerity-took-a-big-hit-yesterday/?iid=biz-main-lead/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Economy</primary_category><primary_category_link>http://swampland.time.com/category/domestic-policy-2/economy/</primary_category_link>
		<media:content url="http://2.gravatar.com/avatar/509f545dfcf07266c1eb847a42170416?s=96&#38;d=http%3A%2F%2F2.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">drogers1271</media:title>
		</media:content>
	</item>
		<item>
		<title>Why Pension Funds Are Hooked on Private Equity</title>
		<link>http://business.time.com/2013/04/15/why-pension-funds-are-hooked-on-private-equity/?iid=biz-main-lead</link>
		<comments>http://business.time.com/2013/04/15/why-pension-funds-are-hooked-on-private-equity/?iid=biz-main-lead#comments</comments>
		<pubDate>Mon, 15 Apr 2013 21:07:56 +0000</pubDate>
		<dc:creator>Christopher Matthews</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://swampland.time.com/?p=92944</guid>
		<description><![CDATA[<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=swampland.time.com&#038;blog=5284847&#038;post=92944&#038;subd=timeswampland&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/04/15/why-pension-funds-are-hooked-on-private-equity/?iid=biz-main-lead/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Economy</primary_category><primary_category_link>http://swampland.time.com/category/domestic-policy-2/economy/</primary_category_link><featured_image>http://timeswampland.files.wordpress.com/2013/04/pol-budget-130415.jpg?w=200</featured_image>
		<media:thumbnail url="http://timeswampland.files.wordpress.com/2013/04/pol-budget-130415.jpg?w=200" />
		<media:content url="http://timeswampland.files.wordpress.com/2013/04/pol-budget-130415.jpg?w=200" medium="image">
			<media:title type="html">Obama delivers remarks on the budget alongside Jeff Zients in the Rose Garden of the White Hose in Washington</media:title>
		</media:content>

		<media:content url="http://2.gravatar.com/avatar/509f545dfcf07266c1eb847a42170416?s=96&#38;d=http%3A%2F%2F2.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">drogers1271</media:title>
		</media:content>
	</item>
		<item>
		<title>Why Are So Many Public Officials Calling for This Man’s Job?</title>
		<link>http://business.time.com/2013/03/21/why-are-so-many-lawmakers-and-ags-calling-for-this-mans-job/?iid=biz-main-lead</link>
		<comments>http://business.time.com/2013/03/21/why-are-so-many-lawmakers-and-ags-calling-for-this-mans-job/?iid=biz-main-lead#comments</comments>
		<pubDate>Thu, 21 Mar 2013 19:19:43 +0000</pubDate>
		<dc:creator>Christopher Matthews</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://swampland.time.com/?p=91034</guid>
		<description><![CDATA[<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=swampland.time.com&#038;blog=5284847&#038;post=91034&#038;subd=timeswampland&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/03/21/why-are-so-many-lawmakers-and-ags-calling-for-this-mans-job/?iid=biz-main-lead/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Economy</primary_category><primary_category_link>http://swampland.time.com/category/domestic-policy-2/economy/</primary_category_link><featured_image>http://timeswampland.files.wordpress.com/2013/03/600_eddemarco_0410.jpg?w=200</featured_image>
		<media:thumbnail url="http://timeswampland.files.wordpress.com/2013/03/600_eddemarco_0410.jpg?w=200" />
		<media:content url="http://timeswampland.files.wordpress.com/2013/03/600_eddemarco_0410.jpg?w=200" medium="image">
			<media:title type="html">Ed DeMarco</media:title>
		</media:content>

		<media:content url="http://2.gravatar.com/avatar/509f545dfcf07266c1eb847a42170416?s=96&#38;d=http%3A%2F%2F2.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">drogers1271</media:title>
		</media:content>
	</item>
		<item>
		<title>In A Rut</title>
		<link>http://swampland.time.com/2013/03/07/in-a-rut/</link>
		<comments>http://swampland.time.com/2013/03/07/in-a-rut/#comments</comments>
		<pubDate>Thu, 07 Mar 2013 17:06:25 +0000</pubDate>
		<dc:creator>Joe Klein</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[In the Arena]]></category>

		<guid isPermaLink="false">http://swampland.time.com/?p=89927</guid>
		<description><![CDATA[My print column this week welcomes Jeb Bush back into the fray&#8211;and wonders why intelligent politicians like Bush and President Obama keep getting snared by small, tawdry tactical issues.  One clarification: Bush talks about social mobility rather than inequality. This is an important distinction. I don&#8217;t think there ever could, or should, be income equality in a free market society. But there should be open pathways toward success from the bottom end of the spectrum&#8211;and toward failure from the top. Bush has spent a lot of his time working in the field of education. He also said on Morning Joe that we need to be willing to spend the requisite money so that poor children gets as good an education as wealthier kids do. This is very encouraging talk from a Republican. Bush has, in the past, also been candid about the social problems that lead to intergenerational poverty. Our growing income inequality has three components: 1.The rich are getting richer. There is the so-called &#8220;Michael Jordan&#8221; effect, which has made it inevitable that stars be lavished with stratospheric salaries even when&#8211;in the case of more than a few corporate leaders&#8211;they&#8217;re not very successful. And the wealthy have been able to use their power to create a tax code and government subsidies that coddle them. (And, if they&#8217;re big enough, bailouts if they really screw up). 2. The middle class is waning. This is the most serious problem, the most difficult to crack. The great industrial labor jobs of the past are gone. Manufacturing is coming back, but it will require fewer workers, often with greater skills. The middle-management white collar jobs of the past are gone, too&#8211;computers have taken over many of those functions. Democracy requires a strong, informed middle class. How are we going to rebuild ours? 3. The poor are getting poorer. This is part of the equation that the left seems unable to acknowledge: there is a culture of poverty. As the liberal Brookings Institution has pointed out, if you graduate from high school, wait until marriage<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=swampland.time.com&#038;blog=5284847&#038;post=89927&#038;subd=timeswampland&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://swampland.time.com/2013/03/07/in-a-rut/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Economy</primary_category><primary_category_link>http://swampland.time.com/category/domestic-policy-2/economy/</primary_category_link>
		<media:content url="http://2.gravatar.com/avatar/82d9b09d6bf4a8d7cc755c73ad7a3ae5?s=96&#38;d=http%3A%2F%2F2.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">jklein1271</media:title>
		</media:content>
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		<item>
		<title>Build That Pipeline!</title>
		<link>http://swampland.time.com/2013/03/07/build-that-pipeline/</link>
		<comments>http://swampland.time.com/2013/03/07/build-that-pipeline/#comments</comments>
		<pubDate>Thu, 07 Mar 2013 16:23:36 +0000</pubDate>
		<dc:creator>Fareed Zakaria</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Magazine]]></category>

		<guid isPermaLink="false">http://swampland.time.com/?p=89921</guid>
		<description><![CDATA[One way to think about the keystone project&#8211;the 2,000-mile (3,220 km) pipeline that would bring oil from the tar sands of Canada to the Gulf of Mexico&#8211;is to ask what would happen if it is never built. The U.S. Department of State released an extremely thorough report that tries to answer this question. It concludes, basically, that the oil derived from Canadian tar sands will be developed at about the same pace whether or not there is a pipeline to the U.S. In other words, stopping Keystone might make us feel good, but it wouldn&#8217;t really do anything about climate change. Given the need for oil in the U.S., Canadian producers would still get Alberta&#8217;s oil to the refineries on the Gulf of Mexico. There are other pipeline possibilities, but the most likely method of transfer is by train. The report estimates that it would take daily runs of 15 trains with about 100 tank cars each to carry the amount planned by TransCanada. That would be a large increase in traffic from what now goes north to south, but it would hardly be an insurmountable problem. Rail traffic in this corridor is already exploding: the number of carloads of crude oil doubled from 2010 to 2011, then tripled from 2011 to 2012. And remember, moving oil by train produces much higher emissions of CO[subscript 2] (from diesel locomotives) than flowing it through a pipeline. Canada could also transport the oil by train or pipeline west to British Columbia and then on to Asia, where demand is booming. Right now that seems a distant and costly prospect, but having visited Alberta recently, I can attest that Canadian businesspeople and officials are planning seriously for Asian markets&#8211;especially since they have come to regard U.S. energy policy as politicized, hostile and mercurial. Whoever uses the oil, the CO[subscript 2] will be released into the atmosphere just the same. Also, if we don&#8217;t use oil from Alberta, we will need to get it somewhere to fuel our transportation needs&#8211;from Venezuela, Mexico, Saudi Arabia<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=swampland.time.com&#038;blog=5284847&#038;post=89921&#038;subd=timeswampland&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://swampland.time.com/2013/03/07/build-that-pipeline/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Magazine</primary_category><primary_category_link>http://swampland.time.com/category/magazine/</primary_category_link>
		<media:content url="http://2.gravatar.com/avatar/509f545dfcf07266c1eb847a42170416?s=96&#38;d=http%3A%2F%2F2.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">drogers1271</media:title>
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		<title>As FCC Chief’s Term Nears End, Speculation Grows Over Possible Successor</title>
		<link>http://business.time.com/2013/02/21/as-fcc-chiefs-term-nears-end-speculation-mounts-over-possible-successor/</link>
		<comments>http://business.time.com/2013/02/21/as-fcc-chiefs-term-nears-end-speculation-mounts-over-possible-successor/#comments</comments>
		<pubDate>Fri, 22 Feb 2013 15:26:55 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://swampland.time.com/?p=88782</guid>
		<description><![CDATA[<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=swampland.time.com&#038;blog=5284847&#038;post=88782&#038;subd=timeswampland&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/02/21/as-fcc-chiefs-term-nears-end-speculation-mounts-over-possible-successor/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Economy</primary_category><primary_category_link>http://swampland.time.com/category/domestic-policy-2/economy/</primary_category_link><featured_image>http://timeswampland.files.wordpress.com/2013/02/rtr31s1e.jpg?w=200</featured_image>
		<media:thumbnail url="http://timeswampland.files.wordpress.com/2013/02/rtr31s1e.jpg?w=200" />
		<media:content url="http://timeswampland.files.wordpress.com/2013/02/rtr31s1e.jpg?w=200" medium="image">
			<media:title type="html">Julius Genachowski</media:title>
		</media:content>

		<media:content url="http://2.gravatar.com/avatar/509f545dfcf07266c1eb847a42170416?s=96&#38;d=http%3A%2F%2F2.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">drogers1271</media:title>
		</media:content>
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		<title>Mrs. Warren Goes to Washington: Does the Market Mistrust Big Banks?</title>
		<link>http://business.time.com/2013/02/20/mrs-warren-goes-to-washington-does-the-market-mistrust-big-banks/</link>
		<comments>http://business.time.com/2013/02/20/mrs-warren-goes-to-washington-does-the-market-mistrust-big-banks/#comments</comments>
		<pubDate>Thu, 21 Feb 2013 02:38:31 +0000</pubDate>
		<dc:creator>Christopher Matthews</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://swampland.time.com/?p=88669</guid>
		<description><![CDATA[<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=swampland.time.com&#038;blog=5284847&#038;post=88669&#038;subd=timeswampland&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/02/20/mrs-warren-goes-to-washington-does-the-market-mistrust-big-banks/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Economy</primary_category><primary_category_link>http://swampland.time.com/category/domestic-policy-2/economy/</primary_category_link><featured_image>http://timeswampland.files.wordpress.com/2013/02/bank.jpg?w=200</featured_image>
		<media:thumbnail url="http://timeswampland.files.wordpress.com/2013/02/bank.jpg?w=200" />
		<media:content url="http://timeswampland.files.wordpress.com/2013/02/bank.jpg?w=200" medium="image">
			<media:title type="html">Bank</media:title>
		</media:content>

		<media:content url="http://2.gravatar.com/avatar/509f545dfcf07266c1eb847a42170416?s=96&#38;d=http%3A%2F%2F2.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">drogers1271</media:title>
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		<title>When the Sequester Happens: TIME Explains</title>
		<link>http://www.time.com/time/video/player/0,32068,2176403495001_2136703,00.html</link>
		<comments>http://www.time.com/time/video/player/0,32068,2176403495001_2136703,00.html#comments</comments>
		<pubDate>Wed, 20 Feb 2013 16:54:27 +0000</pubDate>
		<dc:creator>TIME Video</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://swampland.time.com/?p=88593</guid>
		<description><![CDATA[<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=swampland.time.com&#038;blog=5284847&#038;post=88593&#038;subd=timeswampland&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://www.time.com/time/video/player/0,32068,2176403495001_2136703,00.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Economy</primary_category><primary_category_link>http://swampland.time.com/category/domestic-policy-2/economy/</primary_category_link><featured_image>http://timeswampland.files.wordpress.com/2013/02/426250-001.jpg?w=200</featured_image>
		<media:thumbnail url="http://timeswampland.files.wordpress.com/2013/02/426250-001.jpg?w=200" />
		<media:content url="http://timeswampland.files.wordpress.com/2013/02/426250-001.jpg?w=200" medium="image">
			<media:title type="html">government money</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/60ee06b0deff6b04b67329919390dc05?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">timevideo</media:title>
		</media:content>
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		<title>Sequestered in Memphis</title>
		<link>http://swampland.time.com/2013/02/20/sequestered-in-memphis/</link>
		<comments>http://swampland.time.com/2013/02/20/sequestered-in-memphis/#comments</comments>
		<pubDate>Wed, 20 Feb 2013 14:16:49 +0000</pubDate>
		<dc:creator>Joe Klein</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[In the Arena]]></category>

		<guid isPermaLink="false">http://swampland.time.com/?p=88576</guid>
		<description><![CDATA[My head is filled to bursting with the great Hold Steady song: Subpoened in Texas, Sequestered in Memphis. It&#8217;s far more fun than the current idiotic man-made crisis over the sequester in DC. I&#8217;ve been ignoring this &#8220;crisis,&#8221; assuming that they&#8217;ll cut some sort of last minute deal, as they always do. But the ever-estimable Matt Miller delivers sanity in his Washington Post column about what happens if they do leap this particular cliff. As we move along, the President&#8217;s strong stand on these silly issues seems justified&#8211;but it needs to be accompanied by some sort of road map toward the conversations we need to have on tax reform and long-term entitlement reform. I am not a Simpson-Bowlesque sort. Juicing the economy now is more important than dealing with the deficit&#8211;but there are ways to address everything in its proper sequence, especially a health care system that needs to be dragged into the 21st century, if some real leadership is applied. I keep waiting for that leadership from the President. Haven&#8217;t heard anything credible yet.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=swampland.time.com&#038;blog=5284847&#038;post=88576&#038;subd=timeswampland&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://swampland.time.com/2013/02/20/sequestered-in-memphis/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Economy</primary_category><primary_category_link>http://swampland.time.com/category/domestic-policy-2/economy/</primary_category_link>
		<media:content url="http://2.gravatar.com/avatar/82d9b09d6bf4a8d7cc755c73ad7a3ae5?s=96&#38;d=http%3A%2F%2F2.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">jklein1271</media:title>
		</media:content>
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		<title>The Sequester: Wasting a Crisis</title>
		<link>http://swampland.time.com/2013/02/19/the-sequester-wasting-a-crisis/</link>
		<comments>http://swampland.time.com/2013/02/19/the-sequester-wasting-a-crisis/#comments</comments>
		<pubDate>Tue, 19 Feb 2013 17:56:46 +0000</pubDate>
		<dc:creator>Jay Newton-Small</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://swampland.time.com/?p=88498</guid>
		<description><![CDATA[Standing in front of dozens of uniformed first responders, President Obama on Tuesday warned Congress that  “hundreds of thousands of people will lose their jobs if a March 1 sequester is allowed to take effect. Then he added, &#8220;The unemployment rate might tick up again.” The event was the first in a series the President has planned this week calling on Congress to act. The conversation will be mostly one-sided as both chambers of Congress are in recess for President’s day, their members not planning to return to Washington until just three days before the deadline. Nevertheless, House Speaker John Boehner’s office was quick to respond to the President’s remarks. “Today the President advanced an argument Republicans have been making for a year: his sequester is the wrong way to cut spending.” Boehner said. “That’s why the House has twice passed legislation to replace it with common sense cuts and reforms that won’t threaten public safety, national security, or our economy.” At stake is $85 billion in across-the-board, automatic spending cuts created back in 2011 as part of the debt ceiling deal. The cuts were meant to offset the amount the debt ceiling was being raised as demanded by Boehner. In 2012 a super committee tried but failed to come up with a more sensible way to enact the cuts – with a scalpel rather than a “meat cleaver,” as Obama put it on Tuesday. The cuts, which will force layoffs of hundreds of thousands of first responders, teachers, Pentagon and other Administration employees, were meant to take place January 1 but were delayed three months in order to give negotiators more time. With ten days left, time is now running out. Both sides have approved plans to avoid the pain but neither party is ready to compromise with the other. The House Republican proposal redistributes the coming cuts to other areas of the government – areas like entitlements and education that Democrats are seeking to protect. The Senate Democratic plan avoids the cuts by closing certain loopholes — most<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=swampland.time.com&#038;blog=5284847&#038;post=88498&#038;subd=timeswampland&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Economy</primary_category><primary_category_link>http://swampland.time.com/category/domestic-policy-2/economy/</primary_category_link><featured_image>http://timeswampland.files.wordpress.com/2013/02/03590836.jpg?w=200</featured_image>
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			<media:title type="html">President Obama and first reponders comment on budget cuts</media:title>
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			<media:title type="html">jnewtonsmall</media:title>
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		<title>The Most Important Chart in American Politics</title>
		<link>http://swampland.time.com/2013/02/04/the-most-important-chart-in-american-politics/</link>
		<comments>http://swampland.time.com/2013/02/04/the-most-important-chart-in-american-politics/#comments</comments>
		<pubDate>Tue, 05 Feb 2013 03:53:59 +0000</pubDate>
		<dc:creator>Michael Scherer</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://swampland.time.com/?p=87148</guid>
		<description><![CDATA[There is a single chart — three colored lines on a grid — that shapes the political reality of this country. During the 2012 campaign, one of President Obama’s senior strategists called it “the North Star” and started his internal PowerPoint presentations with it. When Republican majority leader Eric Cantor speaks on Tuesday about his vision for the future of the Republican Party, the chart’s central message will bind together his words. The chart tracks three economic trends in the U.S. over the last two decades, between 1992 and 2009. The first two lines — productivity and per capita gross domestic product — are rising. This is the unmistakable American success story, the one reflected in record corporate profits, growing wealth accumulation and the unmatched efficiency of this country&#8217;s economy. The third line tracks median household income, as measured by the U.S. Census. It shows the story of frustration and stagnation that so many Americans long ago accepted as a reality. Shortly after 2000, the lines diverged. The economy hummed along, but many Americans, the ones politicians typically refer to as the middle class, stopped feeling the benefits. There are many reasons for the change, and some of them are open to economic debate. (The Congressional Research Service issued a paper [PDF] on the divergence in 2006 so that politicians could make sense of it.) Part of the shift can be attributed to increased income inequality owing to globalization and new technology — the wealthy becoming much wealthier, while the rest stayed the same. Part of it can be attributed to increased corporate profits, as new markets opened overseas and new technology lowered costs. Some of it has to do with how the figures are calculated. But the most important political takeaway of the chart is that at the turn of a new century, much of the U.S. stopped feeling the benefits of a growing national economy. The chart (above) was originally created by NDN and the New Policy Institute, and it helped Democrats change the way they talked about the frustration<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=swampland.time.com&#038;blog=5284847&#038;post=87148&#038;subd=timeswampland&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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			<media:title type="html">Most Important Chart in Politics</media:title>
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			<media:title type="html">michaelscherer</media:title>
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