Economy

Fox in the Henhouse: NY Gov Lets Mortgage Lobbyist Police Subprime Scandal

Fox in the Henhouse: NY Gov Lets Mortgage Lobbyist Police Subprime Scandal
New York's Governor, Andrew Cuomo, has brought on a banking industry lobbyist as his chief policer of the banks that brought on the subprime crisis that tanked the nation's economy. Methinks he might go a little light on his banking buddies.
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How Kansas and California Debunked the GOP's Tax Cuts Argument

How Kansas and California Debunked the GOP's Tax Cuts Argument
Imagine making a bet with a hardline trickle-down believer like Paul Ryan on a state's projected economic growth. If this bet actually took place, you would walk away the winner. And the trickle-down believers of America would be speechless.
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Fed Chair Promises More Support for Weak, Unfinished Recovery

Fed Chair Promises More Support for Weak, Unfinished Recovery
Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.
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An Economic Lynching

An Economic Lynching
On October 26, 1934 Claude Neal, a black man accused of murdering a young white woman in Jackson County, Florida, was dragged from his jail cell to be lynched. The event was rushed into the afternoon newspapers.
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Obama Speech: GOP Using Taxpayer Money to Sue Me for Doing a Good Job

Obama Speech: GOP Using Taxpayer Money to Sue Me for Doing a Good Job
President Obama had some great lines in Austin Thursday night, sure to get the GOP riled up. With jobs and the economy on the up, Republican intransigence is looking more and more childish and stubborn. Watch the video here.
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Top 10? Try Bottom of the Barrel. States Ranked by Infrastructure Woes

Top 10? Try Bottom of the Barrel. States Ranked by Infrastructure Woes
File this under "Shooting Yourself in the Foot." The states with the worst infrastructure woes are the very same ones with representatives trying to make it even worse. Republicans are refusing to budge, and their intransigence is allowing the Highway Trust Fund to run alarmingly low.
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Warped Sense of the Poor: Study Lays Bare Right-Wing's Distorted Views

Warped Sense of the Poor: Study Lays Bare Right-Wing's Distorted Views
A Pew study has found stunningly revealing attitudes on people living in poverty from various ends of the political spectrum.
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Public (Employment) Enemy #1: The Trade Deficit

Public (Employment) Enemy #1: The Trade Deficit
There is a direct correlation between the lack of well-paying jobs, the budget deficit and the US' trade deficit. Simply put, if we were to stop sending as much money and many jobs overseas, we'd reap benefits in myriad ways.
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Nearly 300,000 Veterans Going Without Unemployment Compensation

Nearly 300,000 Veterans Going Without Unemployment Compensation
The number of jobless veterans who’ve lost access to federal jobless benefits since Congress allowed Emergency Unemployment Compensation (EUC) to expire at the end of last year will reach an estimated 285,000 by the end of this month.
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Meet the Guy Stealing Your Retirement Savings Right Under Your Nose

Meet the Guy Stealing Your Retirement Savings Right Under Your Nose
Let’s say you’re a person who has worked very hard. You’ve done the right thing — you’ve saved every possible penny for your 401(k). For this, you’re hoping to have a decent stream of income in your golden years. And yet in the end, you may not have access to all of that hard-earned money.
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