Economy

Unemployment Drops to New Four-Year Low of 7.5%

Unemployment Drops to New Four-Year Low of 7.5%
U.S. employers added 165,000 jobs in April, and hiring was much stronger in the previous two months than the government first estimated. The job increases helped reduce the unemployment rate from 7.6 percent to a four-year low of 7.5 percent.
origin Author: 
origin Blog: 

Forest Service to States: Give Subsidies Back

 Forest Service to States: Give Subsidies Back
The U.S. Forest Service is in the business of preventing fires, not starting them. Yet the agency set off alarms in Congress and state capitols across the West by citing the automatic spending cuts as the basis for demanding that dozens of states return $17.9 million in federal subsidies.
origin Author: 
origin Blog: 

Obama’s Social Security Benefit Cuts Would Disproportionately Harm African Americans

Obama’s Social Security Benefit Cuts Would Disproportionately Harm African Americans
The think tank Global Policy Solutions released a report that should cast further doubt on chained CPI. It finds that, if enacted, chained CPI “will disproportionately harm African Americans who have dramatically fewer sources of wealth to draw upon compared to whites.”
origin Author: 
origin Blog: 

Housing Index Inches to Highest in Seven Years at 9.3%

Housing Index Inches to Highest in Seven Years at 9.3%
Home prices nationwide rose in February by the most in nearly seven years. The Standard & Poor's/Case-Shiller 20-city home price index jumped 9.3 percent in February from a year earlier.
origin Author: 
origin Blog: 

New Research: Economic Austerity in US and Europe 'Is Killing People'

New Research: Economic Austerity in US and Europe 'Is Killing People'
Despite assurances by financial elites that austerity economics is a prescription to improve the lives of the masses, research contained in a newly published book shows that the push for steep cuts in wages, social programs, and public health programs is literally killing people throughout Europe and the US.
origin Author: 
origin Blog: 

Lawmakers Prioritized Flight Delays Over Food Assistance

Lawmakers Prioritized Flight Delays Over Food Assistance
Two months into the sequester, lawmakers have prioritized flight delays over food assistance. Citing significant concerns about the inconvenience of flight delays caused by the furlough of air-traffic controllers, the Senate passed a bill allowing the FAA to re-direct funds.
origin Author: 
origin Blog: 

Reagan: 'Social Security Has Nothing To Do With the Deficit'

Reagan: 'Social Security Has Nothing To Do With the Deficit'
“Social Security has nothing to do with the deficit. Social Security is totally funded by the payroll tax levied on employers and employees," Reagan said during the 1984 Presidential Debate. "If you reduce the outgo of Social Security, that money would not go into the General Fund to reduce the deficit, that would go into the Social Security Trust Fund."
origin Author: 
origin Blog: 

Sequestration: Taxing the IRS

Sequestration: Taxing the IRS
Here’s one consequence of sequestration that you don’t (and won’t) hear many Republicans complaining about: the IRS has furloughed more than 89,000 employees, due to the sequester. My guess is that suits Republicans just fine. They can’t come right out and say as much, so they’re not tweeting this story as much as the FAA furloughs.
origin Author: 
origin Blog: 

Richest 7% of Americans Grew Wealthier During Recession, New Study

Richest 7% of Americans Grew Wealthier During Recession, New Study
The richest Americans got richer during the first two years of the economic recovery while average net worth declined for the other 93 percent of U.S. households, says a report released Tuesday.
origin Author: 
origin Blog: 

Pee on the Poor: Republican Lawmakers Want Your Urine

Pee on the Poor: Republican Lawmakers Want Your Urine
What fun! The latest political game sweeping the nation is called “Pee on the Poor.” Republican lawmakers in some 30 states – including Florida, Georgia, Indiana, and (of course) Texas – are competing to be national champions of this X-treme right-wing sport.
origin Author: 
origin Blog: 

Pages