American businesses complain that they are not in a position to invest in employees given the current climate of uncertainty. Glenn Greenwald explains that they have had decades of certainty:

Businesses have had at least 25 to 30 years near complete certainty -- certainty that they will pay lower and lower taxes, that they' will face less and less regulation, that they can outsource to their hearts' content (which when it does produce savings, comes at a loss of control, increased business system rigidity, and loss of critical know how). They have also been certain that unions will be weak to powerless, that states and municipalities will give them huge subsidies to relocate, that boards of directors will put top executives on the up escalator for more and more compensation because director pay benefits from this cozy collusion, that the financial markets will always look to short term earnings no matter how dodgy the accounting, that the accounting firms will provide plenty of cover, that the SEC will never investigate anything more serious than insider trading (Enron being the exception that proved the rule).

Over at The Real News, William Black discusses the economic crisis in Europe. This was quite informative, especially his conclusion that the bailout of European "countries" (e.g., Ireland and Greece) is really a disguised bailout of European banks.