Ahead of the curve: The next 7 days
October 9th, 2011
03:25 PM ET

Ahead of the curve: The next 7 days

Economic and money issues are front and center in the coming week. The focus begins early Monday, when the Nobel Memorial Prize for economics is awarded in Sweden, and wraps up next weekend when a coalition of religious, civil rights and education groups join labor unions in a march on Washington for "jobs and justice." In between, the NBA faces a deadline for a labor agreement, and Republican presidential candidates will debate about the economy.

Nobel Memorial Prize for economics to be awarded

The Nobel Memorial Prize in Economic Sciences will be announced Monday morning by the Royal Swedish Academy of Sciences.

The economics prize was established in 1968 by Sweden's central bank in memory of the founder of the Nobel prizes, Alfred Nobel. It has been awarded 42 times to 67 laureates.

Last year, three men - Peter A. Diamond, Dale T. Mortensen and Christopher A. Pissarides - shared the prize for their work developing models that help people "understand the ways in which unemployment, job vacancies, and wages are affected by regulation and economic policy," according to the academy.

You can watch the webcast of the announcement here at 7 a.m. ET.

NBA labor talks push regular-season deadline

The National Basketball Association needs a labor agreement between owners and players by Monday night, or league Commissioner David Stern is expected to cancel the first two weeks of the regular season.

Talks between the players union and the owners stalled last Tuesday, even though reports said the two sides had gotten closer to a revenue split they could both accept.

According to a report from SI.com's Chris Mannix, the NBA offered the players a 50-50 split of all basketball-related income. But players union sources disputed that number, saying the split was 49-51 in favor of the owners and that the owners rejected a counteroffer from the players. The talks then ended and no new meetings were scheduled.

NBA.com's David Aldridge reports that if there isn't a deal done by Monday, it would be almost impossible to get the players to sign off on the income issue and a host of smaller issues.

"Then you have to have some form of a free-agent signing period, have some kind of training camp and have some kind of preseason in just 21 days," Aldridge writes.

Come Tuesday night, we'll be three weeks away from the scheduled start of the NBA's regular season, when the Chicago Bulls are scheduled to take on the defending champion Dallas Mavericks in Dallas.

Trial for ‘underwear bomb’ suspect scheduled to start Tuesday

The trial of a Nigerian man accused of trying to detonate an explosive device aboard a Christmas Day 2009 flight to Detroit is expected to begin in federal court in Michigan on Tuesday.

Umar Farouq AbdulMutallab was a passenger on Northwest Airlines Flight 253 en route from the Netherlands to Detroit that day. Prosecutors allege he tried to ignite an explosive device that was hidden in his underwear shortly before the plane landed.

Passengers and flight crew members subdued him. U.S. officials say the terror group al Qaeda in the Arabian Peninsula was behind the alleged bombing attempt.

AbdulMutallab has pleaded not guilty to charges that include attempted use of a weapon of mass destruction, conspiracy to commit an act of terrorism, and possession of a firearm or destructive device in furtherance of an act of violence.

Republican presidential debate

Dartmouth College hosts the Republican presidential candidates on Tuesday in a debate focused on the U.S. economy.

The debate comes less than a week after President Barack Obama ripped congressional Republicans for not backing his jobs bill or presenting acceptable alternatives.

"Any senator out there who's thinking about voting against this jobs bill when it comes up for a vote needs to explain exactly why they would oppose something that we know would improve our economic situation at such an urgent time for our families and for our businesses," Obama said at a news conference on Thursday.

The economic debate also comes as the grass-roots economic protests spurred by the Occupy Wall Street movement spread across the country, popping up in more than a dozen cities. Follow those demonstrations on CNN iReport's Open Story.

Co-sponsors for the Dartmouth debate are Bloomberg Television, The Washington Post, and WBIN-TV.

Washington 'march for jobs and justice'

A coalition of labor, education, civil rights and religious institutions is planning a "march for jobs and justice" in the nation's capital on Saturday.

The event was originally planned for August 27 to coincide with the dedication of the Martin Luther King Jr. National Memorial in Washington, but that was postponed as Hurricane Irene whipped up the East Coast.

That original date would also have coincided with the anniversary of King's "I Have a Dream" speech, the themes of which are key to the march, according to one of the sponsors, the United Federation of Teachers.

Participating groups are "rededicating ourselves to the unfinished business of the dream: creating and protecting good jobs, defending workers’ rights, and demanding that corporations and wealthy individuals pay their fair share," according to a UFT press release.

Dedication of the King memorial is now set for Sunday, October 16. President Barack Obama is expected to speak at the dedication of the $120 million memorial.


Filed under: Ahead of the curve
soundoff (61 Responses)
  1. exodus84

    My job creation plan: Repeal NAFTA. Repeal China Relations Act. Repeal Financial Services Modernization Act. Repeal foreign tax credits for multinationals. Repeal Obamacare. Jobs come home, wages go up in relation to products, companies are forced to innovate to compete BUT all of this will come at the expense of corporate profits and C-level salaries. Every one of them is a reversal of a proven direct cause of this situation. We dont need *new* policies; we just need to kill the bad ones!

    October 10, 2011 at 12:31 am | Report abuse |
  2. THE ONE AND ONLY DRAKOREX1

    @JUST ME ,DO YOU CARE IF I CARE IF I CARE DO YOU CARE?

    October 10, 2011 at 1:09 am | Report abuse |
  3. sr

    Can someone please tell me what the 2nd picture is, under the article heading, "Ahead of the Curve?"

    October 10, 2011 at 1:10 am | Report abuse |
    • gillian

      Good question! Looks like a mummy in a skirt or evidence from a murder trial. Weird .

      October 10, 2011 at 3:29 am | Report abuse |
    • gillian

      Ill bet its evidence from the underwear bomber trial. His underwear I guess.

      October 10, 2011 at 3:31 am | Report abuse |
    • mattski

      taint on display for us all to enjoy.

      October 10, 2011 at 9:09 am | Report abuse |
  4. john

    I wonder if CNN or the other major media news sources will bring up on the Underwear Bomber story how a young muslim man named Umar Farouq AbdulMutallab was able to get on a Northwest plane to Detroit traveling alone using a one way ticket paid in cash in Ghana when he didnt even have a passport???

    October 10, 2011 at 1:17 am | Report abuse |
  5. Souptik

    What is your opinion on the state of the economy? Will the economy improve or deteriorate in the next few months? Give us you opinion fill our two minute survey and get a $250 prepaid card for groceries http://www.economyimprovementsurvey.org

    October 10, 2011 at 1:31 am | Report abuse |
  6. Antonio Velasquez Jr.

    AMERICA was predestined to be established through and by international sacrifice.ALL who live,work,workedstruggled,suffered,died and are willing to die for the cause, which is life(as life can only be defined)find it increasingly reprehensible that such a state of disfunction is being allowed to take presedence in our modern day National Society.We are not supposed to try to change anything,especially out of fear that is fuelled by ill mental perception(for a person will only judge as he himself is inclined to be).We the international American peaple have an oblgation of duty to be thankful to AMERICA. And live to abide by and uphold the American way without prejudice. And we continue to go forward together,systematically rooting out all forms of corruptions and misconceptions for a continuous better tomorrow.

    October 10, 2011 at 2:54 am | Report abuse |
  7. Antonio Velasquez Jr.

    ...indeed,UNITED WE STAND.

    October 10, 2011 at 2:56 am | Report abuse |
  8. Antonio Velasquez Jr.

    Commentator seven times seven (No.49),Mrs.Debcie Wagner.I total Heartedly agree with you.INNOVATION is KEY.Let us just enjoy the games as it all unravels to a glorious new day.

    October 10, 2011 at 3:41 am | Report abuse |
  9. Antonio Velasquez Jr.

    "ONLY TIME"

    October 10, 2011 at 4:07 am | Report abuse |
  10. michaelfury

    "The trial of a Nigerian man accused of trying to detonate an explosive device aboard a Christmas Day 2009 flight to Detroit is expected to begin in federal court in Michigan on Tuesday."

    Will the "well-dressed man" testify?

    http://michaelfury.wordpress.com/2010/05/20/points-of-failure/

    October 10, 2011 at 9:04 am | Report abuse |
  11. nemo

    Your all a bunch of slaves!.....

    October 10, 2011 at 9:42 am | Report abuse |
  12. william gundry

    The key people tend to forget that job crisis has happened before during the great depression. The lessons learned there, were not forgotten in terms of checks on margin calls requirements, and other computerised safety measures, but again the worker/consumer is left to his own devices.We, as Americans, have our own coping mechanisms: in times of hardship and unemployment, we tend to go back to basic values, but not every one of us is fortunate to have a loving and helpful family, with whom we can share our burdens. Ohers, having lost their jobs, homes, have been able to cope in other ways. However, since things are seemingly not getting any better, the international corporations, who need globalisation for their own survival and the US. Government, in concert, need to take a hard look at how to strike a healthy balance between the benifits of emerging markets. The world over, and the effects of shifting assets from regional areas of the US, from where, in many cases, these very corporations had their roots.Not doing this would be irresponsible. Further erosion of confidence, may lead to situations analogous to the times of the Great Depression, where only extreme measures could be applied. We're not at that point yet, however the degree of polarisation at this time in our government, doesent exactly offer much confidence.

    October 10, 2011 at 10:09 am | Report abuse |
  13. nemo

    We have big government because most Americans are to stupid to run their own lives....so they just elect others to tell them what to do. If some of you were not so afraid to stand up and fight.....we wouldn't be in this mess!!....civil war is right around the corner. The tide is finally turning. Get your gun Sonny!!! Sum of us are just waiting for the right time to pounce!!

    October 10, 2011 at 12:35 pm | Report abuse |
  14. BOND, JAMES

    Quite amusing, NBA millionaires, arguing with billionaires, while the rest fight for survival, beautiful place we got here, we are all fuked, you cant stop the cycle of greed, itb will only get worse, americans more frustrated, with no chance of change, government cant stop it, they need congress and senates help to repeal legislation specially designed to keep you in debt, so your too busy trying to survive to organize and fund defense against it, your politicians dont care,never did

    October 10, 2011 at 2:41 pm | Report abuse |
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