The Madeleine Brand Show for December 1, 2010

No rest for the jobless: are businesses really "uncertain" about hiring?

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What has big businesses in a quandary?

Unemployment benefits will expire for some two million Americans this month if Congress fails to act. Some economists warn that could seriously dampen hopes for an economic turn-around, while big business is arguing that "uncertainty" is the reason they're not hiring or investing in new projects. How uncertain are businesses? Or are small businesses simply concerned about a lack of demand? LA Times columnist Michael Hiltzik questions the uncertainty argument in his column running in today's paper.

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