Economy

POLL: 88% of Americans Think the U.S. Can Regain 'the Strongest Position in the World Economy'

According to a new poll, Americans believe the government should be doing all it can to rebuild our nation’s manufacturing base, regardless of party affiliation.
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Are 'Job Creation' Giveaways Money Well Spent?

Every year Alabama spends millions on subsidies to businesses. Are they worth it in terms of creating jobs?
Yesterday countrycat noted that Toyota is receiving millions in giveaways and incentives -- ultimately paid for by the rest of us -- to help them expand and, so the story goes, create jobs. Among those incentives is a break on utility rates:
In addition, the city will seek a $150,000 state site development grant and ask Huntsville Utilities to give Toyota an "investment initiative" credit worth $974,000.
Is anybody measuring the effectiveness of these giveaways in terms of creating jobs? How much public and communal money are we spending per job created? Is it worth it or are we getting taken to the cleaners? And when did utilities get involved?
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Google Antitrust Settlement in Europe Would Impact US

In May, the European Commission said it was concerned that Google was favoring its own services in search, copying material from websites of competitors without permission, shutting out advertising competition and placing restrictions on the portability of online search advertising campaigns from its platform, AdWords, to the platforms of competitors. Commissioner Almunia told the company to offer changes or face a formal statement of objections with the risk of fines in the billions of dollars. In Europe antitrust penalties can be imposed before a court proceeding.
Besides the the European antitrust investigation, the Internet giant faces antitrust investigations by the U.S. Federal Trade Commission and several states. Antitrust officials in Korea, India and Brazil are also looking into Google's business practices. A European deal could well serve as a blueprint for settlements with other authorities.
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AL Senators Sessions and Shelby Vote to Cut Taxes on Millionaires and Raise Taxes for Middle Class, Again

In what appears to be a depressing pattern of behavior, Senators Richard Shelby & Jefferson Beauregard Sessions, III once again voted to protect the super rich at the expense of the rest of us.
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OK Budget Cuts Could Lead To State Job Losses

Losing 16,000 jobs will be an economic blow for Oklahoma, but Republicans can't have it both ways. If they want to "right-size" government, to use the words of Gov. Mary Fallin, then that means people will lose jobs and their income will be pulled from the economy.
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REPORT: Only 23% of Companies Planning to Hire New Employees in the Next 6 Months

REPORT: Only 23% of Companies Planning to Hire New Employees in the Next 6 Months
The economic problems that Europe has been experiencing over the last year may have a tremendous effect on American unemployment. When employers can no longer sell their goods (partially because of a lack of buyers in Europe) they are likely to cut workers.
The massive dip from 39 percent in April to 23 percent now could indicate a weakness of polling data. Or, it could indicate that the severity of the European crisis is having a real impact. The new poll shows that 47 percent of companies responding believed their sales had dropped due to the European financial crisis. Only 25 percent believed that to be true when responding in April.
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Pres. Obama Contrasts Two Visions for Country With Approach to Tax Policy

While the mendacious Mitt Romney raked in campaign cash from wealthy donors in Aspen on Monday and continued to hide information from the American people about the millions he has stashed in offshore tax havens, President Obama called on Congress to extend Bush-era tax cuts for the 98% of Americans who earn less than $250,000 per year. President Obama made clear that he views this election as a competition between two fundamentally different visions for the Country.
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VA Gov. Bob McDonnell Loses Virginia's 'Best State for Business' Top Ranking

In stark contrast to Ronald Reagan, here in Virginia, Bob McDonnell and his fellow Republican'ts -- puppets of Grover Norquist's absolutist pledge against any taxes, anytime -- have refused to raise transportation revenues, despite the fact that Virginia needs $700 million/year more "just to fix its crumbling roads and bridges." And, of course, we need billions more if we want to go beyond just maintaining what we've already got.
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The Living Wage Calculator: What It Actually Takes to Get By

The Living Wage Calculator: What It Actually Takes to Get By
There's always a lot of controversy around what it really means to have a living wage and what it means to be in poverty.  And we know that the way poverty is defined now is arbitrary and outdated.
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NJ Triple Veto by Christie on Undermines Economic Recovery

Over the past several days, Gov. Christie took decisive action to weaken New Jersey's economy by vetoing three important legislative initiatives to revive our troubled housing market.
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