Economy

High Bank Fees Flushing Our 401(k) Retirement Accounts Down the Drain

High Bank Fees Flushing Our 401(k) Retirement Accounts Down the Drain
A new study finds that the typical 401(k) fees - adding up to a modest-sounding 1 percent a year - would erase $70,000 from an average worker's account over a four-decade career compared with lower-cost options. To compensate for the higher fees, someone would have to work an extra three years before retiring.
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Paul Ryan's Budget Wishlist: Less, Much Less, for the Poor. Plus, More Bombs

Paul Ryan's Budget Wishlist: Less, Much Less, for the Poor. Plus, More Bombs
The Paul Ryan budget is a glimpse into the priorities of today's GOP. And for anyone in the bottom three quarters of the income scale, it is indeed a scary document.
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Toyota Recalls 1.8M Vehicles After Airbags Fail to Deploy

Toyota Recalls 1.8M Vehicles After Airbags Fail to Deploy
Toyota Motor Corp. is recalling nearly 1.8 million vehicles in the U.S. for various safety problems, including air bags that may fail to deploy. The total recall grows to over six million worldwide, as well as some GM models that shared the same factory.
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Ben Stein: Poverty Doesn't Exist Because the Poor 'Almost Always Have Indoor Plumbing'

Ben Stein: Poverty Doesn't Exist Because the Poor 'Almost Always Have Indoor Plumbing'
In an American Spectator column last week, conservative pundit Ben Stein argued that Americans living in poverty aren’t really poor because “they almost always have indoor plumbing,” and in any case they just “envy” the wealthy and are victims of their own “self-sabotage.”
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Yes, the Gender Pay Gap is Real. Here's How Obama's Trying to Fix It

Yes, the Gender Pay Gap is Real. Here's How Obama's Trying to Fix It
Equal Pay Day: How Obama Is Helping Close the Pay Gap
Today is Equal Pay Day. President Obama will sign executive orders targeting pay disparity...
This clip from the Majority Report, live M-F
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WSJ Op-Ed's Newest Put-Upon Billionaire, Charles Koch

WSJ Op-Ed's Newest Put-Upon Billionaire, Charles Koch
The Wall Street Journal seems to be the record of note for delusional, rich, white men these days. The latest to rant about the coming communist dystopia of the far left is none other than Charles Koch, one of the founders of the mendacious Americans for Prosperity political action committee, and multi-billionaire.
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While US Recovers from Recession, African-Americans, Latinos Lose Ground

While US Recovers from Recession, African-Americans, Latinos Lose Ground
African-Americans' optimism for the future belies the numbers. Blacks and Latinos are being disproportionately left behind in an America that by all other indicators is lifting itself out of the Great Recession of 2009.
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Food Stamps Mean Vacations in Barbados: The Right Wing Welfare Fantasy

Food Stamps Mean Vacations in Barbados: The Right Wing Welfare Fantasy
There are many myths perpetuated and consumed by the extreme Right on any number of issues, but perhaps none as vitriolic as those spread about government assistance to the poor. Why are welfare and food stamps so vilified by GOP and its voting base?
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Justice Department Acknowledges Rich Bankers Who Committed Fraud Won’t Go to Jail

Justice Department Acknowledges Rich Bankers Who Committed Fraud Won’t Go to Jail
A couple of weeks ago, most often buried on the inside pages, newspapers ran stories about a Justice Department inspector general’s audit of the department’s efforts to address mortgage fraud. The headline in The New York Times was typical: “U.S. Criticized for Lack of Action on Mortgage Fraud.”
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More Proof Corporate Tax Cuts Have Done More Harm Than Good

More Proof Corporate Tax Cuts Have Done More Harm Than Good
The taxes paid by corporations today are near record lows as a percentage of the United States’ total tax bill, even as they are recording massive profits. Yet the unemployment rate is still high.
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