Americans feel austerity's bite as payroll taxes rise | Reuters
"Americans are beginning to feel the pinch from Washington's decision to embrace austerity measures aimed at bringing down the nation's budget deficit.Paychecks across the country have shrunk over the last week due to higher federal tax rates, and workers are already cutting back on spending, which will drag on the economy this year."
Will Jacob Lew take on financial reform? Don't hold your breath | Heidi Moore | Comment is free | guardian.co.uk
"It's clear the White House is moving on, that financial reform is no longer a priority – and yet the financial system is really no more secure than it was when Tim Geithner took over in the dark days of 2009. It's not flailing and gasping for air, but that doesn't me...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.