A top economic adviser to the Democratic Party, speaking on deep background, told WMR that the domino-like collapse of the economies of Iceland, Greece, Ireland, and, now, possibly Spain, is coming also to the United States. One of the triggering mechanisms will be at the end of this month when two million idled workers, now […]
Washington (AP) – The economy grew a little faster over the summer than the government first thought. That modest pickup wasn’t nearly enough to significantly lower the nation’s high unemployment rate, and the Federal Reserve doesn’t expect the economy to improve much over the next couple of years. The economy expanded at a 2.5 percent […]
19 Facts About The Deindustrialization Of America That Will Blow Your Mind The United States is rapidly becoming the very first “post-industrial” nation on the globe. All great economic empires eventually become fat and lazy and squander the great wealth that their forefathers have left them, but the pace at which America is accomplishing this […]
Whether these changes are good or bad depends in part on how we adapt to them. But, ready or not, here they come. 1. The Post Office. Get ready to imagine a world without the post office. They are so deeply in financial trouble that there is probably no way to sustain it long term. […]
By Dan Gainor Wednesday, October 27, 2010 4:24 PM EDT Spinning the Numbers When Conservatives in Charge: During the year leading up to the 2005-06 mid-term elections, the economy was strong and unemployment never went above 5 percent. That wasn’t how the media reported it. Negative reports and stories spun negatively accounted for 58 percent […]
The poverty rate jumped to 14.3 percent in 2009, up from 13.2 percent a year earlier and the highest rate since 1994, the Census Bureau said Thursday. Last year, a record 43.6 million people were in poverty, up from 39.8 million in 2008 — the third consecutive increase. “The number of people in poverty in […]
Posted by Neil Stevens Source for the unemployment figures: a spreadsheet taken yesterday from the Bureau of Labor Statistics website. Republican period: January 1995-December 2006. Democrat period: January 2007-June 2010. Click for a PDF:
The current occupant of the White House claims to know how to create jobs. He claims jobs have been created. But so far the score is Great Obama Depression 2.2 million lost jobs, Obama 0 — a blowout. Obama is as hopeless, helpless, clueless and bankrupt of good ideas as the manager of the Chicago […]
Unemployment benefits are creating jobs faster than practically any other program, House Speaker Nancy Pelosi said Thursday. Talking to reporters, the House speaker was defending a jobless benefits extension against those who say it gives recipients little incentive to work. By her reasoning, those checks are helping give somebody a job. “It injects demand into […]
WASHINGTON – The number of people filing new claims for jobless benefits jumped last week after three straight declines, another sign that the pace of layoffs has not slowed. Initial claims for jobless benefits rose by 12,000 to a seasonally adjusted 472,000, the Labor Department said Thursday. It was the highest level in a month […]
