Labor Economics Professor Daniel Hamermesh of the University of Texas at Austin says big government can't revive the economy. Instead, it's up to businesses sitting on stockpiles of cash and consumer spending to drive the uptick in new hires.
Google announced it will buy handset maker Motorola Mobility for more than $12.5 billion. Marketplace Tech Report Host John Moe says the move was driven by the need to bolster patents in ongoing litigation wars.
Today we learned Japan's economic output actually shrank by 0.3 percent. However, the economy isn't shrinking at the rate analysts had expected, and that suggests the island nation famous for auto and tech manufacturing just might be on the cusp of a recovery.
Economic data today reveals Japanese manufacturers are recovering strongly. The BBC's Roland Buerk explains that after the March earthquake and tsunami, this revival is in part due to Japan's unique brand of cooperative capitalism.
Even though hundreds of factories across Japan were destroyed in the March earthquake and tsunami, manufacturing is recovering. Part of it comes from Japan's increasing investment in public reconstruction projects.
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