Economy

Union Bank Study Shows 84% Confidence Rating in Small Business Climate Uptick

Union Bank Study Shows 84% Confidence Rating in Small Business Climate Uptick
The survey found that while nearly half of those surveyed feel the climate for their small business has worsened in the past two years, a growing number believe the national and state economies are heading in the right direction and the majority (84 percent) maintain confidence in the direction of their own companies.
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Taxes On Rich Are Lower Than They Were Under Republican Presidents Nixon And Eisenhower

Taxes On Rich Are Lower Than They Were Under Republican Presidents Nixon And Eisenhower
Income tax rates on the richest Americans are still lower than they were under Republican presidents Dwight Eisenhower, Richard Nixon, and even most of Ronald Reagan’s presidency.
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Economist Richard Wolff: Sequester Inches Us Closer to 'An Explosion That Will Take People By Surprise'

Economist Richard Wolff: Sequester Inches Us Closer to 'An Explosion That Will Take People By Surprise'
Correcting the spin of "Fix The Debt" shills, economist and professor Dr. Richard Wolff, sits down with me for a quick talk about the sequester in the context of our ailing economic system.
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HUD Complaint? Need A Roof? There's an App for That

HUD Complaint? Need A Roof? There's an App for That
The U.S. Department of Housing and Urban Development (HUD) Thursday unveiled the first housing discrimination mobile application (app) for iPhone and iPad. Developed by HUD’s Office of Fair Housing and Equal Opportunity (FHEO) and HP, the app uses the latest technology to provide the public with a quick and easy way to learn about their housing rights and to file housing discrimination c
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Bernanke Agrees '100%’ with Elizabeth Warren That Big Banks Are Smashing Small Ones

Bernanke Agrees '100%’ with Elizabeth Warren That Big Banks Are Smashing Small Ones
On Wednesday, Federal Reserve Chairman Ben Bernanke testified before the Senate Banking Committee. Sen. Elizabeth Warren (D-MA) asked Bernanke about the $83.5 billion subsidy that Big Banks get every year from American taxpayers.
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Only 6% of People Know Deficit is Falling at Fastest Rate Since World War II

Only 6% of People Know Deficit is Falling at Fastest Rate Since World War II
There is no deficit problem. The deficit is down 50 percent as a share of gross domestic product just since President Bush’s fiscal year 2009 deficit and is falling at the fastest rate since the end of World War II. Yet the Washington debate is about how and where to cut us back into recession. Why?
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If Congress Fails to Stop the Sequester

If Congress Fails to Stop the Sequester
Just days before $85 billion in deep federal budget cuts are to take effect, the Democratic National Committee is circulating a new online infographic aimed at pressuring Republicans to back President Obama’s plan to avoid the so-called sequester.
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Massive Defense Contractor Wants Budget Cuts for Americans but Not for Itself

Massive Defense Contractor Wants Budget Cuts for Americans but Not for Itself
The defense industry is making a self-interested argument against the sequester, claiming that it would hurt military readiness (a false claim, as military experts recommend twice the level of defense cuts as are in the sequester).
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Wages at Financial Institutions Continue to Grow, Even as Wages Everywhere Else Stagnate

Wages at Financial Institutions Continue to Grow, Even as Wages Everywhere Else Stagnate
Wages used to go up as productivity went up, but in the 1970s they decoupled. Productivity kept going up but wages stagnated.
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Erskine Bowles Personally Made $114,000 from Facebook Tax Loophole He Doesn’t Want to Close

Erskine Bowles Personally Made $114,000 from Facebook Tax Loophole He Doesn’t Want to Close
Erskine Bowles and Alan Simpson have released yet another austerity plan that lowers taxes on corporations while proposing Social Security and Medicare benefit cuts.
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