Jaime Fuller
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Jaime Fuller

Jaime Fuller is the assistant Web editor at The American Prospect.

Recent Articles

Fear the Reaper

Today's Balance Sheet

Jaime FullerMay 23, 2012

Unless Congress and the White House work together to manage the budget sequestration and tax hikes scheduled for the end of the year, the economy could plummet into a mild recession—growth contracting by an estimated annual rate of 1.3 percent—according to the Congressional Budget Office.

Wall Street Likes Facebook

Today's Balance Sheet

Jaime FullerMay 18, 2012

Facebook makes its blockbuster market debut today, and as The New York Times points out, "the trading on Friday is the the equivalent of a must-see Super Bowl Sunday showdown for people who don’t ordinarily watch a football game." The social network's stocks have been priced at $38 a pop, which means the company is valued at $104 billion, making it the second biggest initial public offering ever. If the company's first day on Wall Street follows the tech trend, it could be worth $137 billion by the end of the day. 

Big Sky's the Limit

Jaime FullerMay 15, 2012
(AP/Andrea Helling)

Montana knows all about buying elections. In 1899, just ten years after it became a state, William Andrews Clark, known as the Copper King, spent an estimated $400,000—the equivalent of $11 million today—to buy the votes of state legislators to send him to the United States Senate. After a lengthy investigation, the Senate unseated him. The scandal turned from shocking to farcical when Clark returned to Montana and the legislature reappointed him to the position from which he’d just been removed.

Back to the Deficit

Today's Balance Sheet

Jaime FullerMay 10, 2012

The House plans to vote today on a Republican plan to avoid the $110 billion in Pentagon sequestration cuts that would be triggered at the end of the year because of the failure of last year's supercommittee. "People know at the end of the day that this is not going to be all sunshine and cotton candy," said Representative Tom Cole, a Republican from Oklahoma.

Job Openings on the Rise, Hiring, Not So Much

Today's Balance Sheet

Jaime FullerMay 09, 2012

There were 3.74 million job vacancies at the end of March, the highest level since July 2008. The rise was attributed to increased demand in construction and manufacturing, and could show that companies are gaining confidence in the recovery as the year goes on. The small business optimism index rose to 94.5, a high not seen since February 2011

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