"An additional 2.4 million U.S. workers filed for unemployment last week, the government reported Thursday, bringing the total to 38.6 million in nine weeks and providing more evidence — in case there was any doubt — that the economy is plunging ever deeper into crisis. Of the path to recovery, Nicholas Bloom, an economist at Stanford University, told The Times, 'I think we’re in for a very long haul.' But not everyone is despairing of the country’s economic future. Last week, my colleague Paul Krugman, a Times columnist and Nobel Prize-winning economist, expressed some guarded optimism in his newsletter. ..."
NY Times
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