Help The Middle ClassNews and Information For The Heart Of America
Recession Worst For Older White Males
Dean Canaris, 56, a quality engineer for a Honda automotive supplier, was laid off in April and out the door in 30 minutes with no severance.
Harry Jackson, 55, an airline pilot and supervisor, lost his job in 2007 and, to his surprise, has found it nearly impossible to get another job.
Mark Montgomery, 53, was let [...]
Deal With Conservative Democrats Set the Stage From Health Care Bill
After weeks of turmoil, House Democrats reached a shaky peace with the party’s rebellious rank-and-file conservatives Wednesday to clear the way for a vote in September on sweeping health care legislation.
Bipartisan Senate negotiators reported progress, too, on a bill said to extend coverage to 95 percent of all Americans without raising federal deficits.
“We’re on the [...]
Polls Slip For POTUS And Health Care
Support for President Barack Obamas health-care effort has declined over the past five weeks, particularly among those who already have insurance, a Wall Street Journal/NBC News poll found, amid prolonged debate over costs and quality of care.
In mid-June, respondents were evenly divided when asked if they thought Mr. Obamas health plan was a good or [...]
The Great Recession: A Downturn Sized Up
What makes the current recession so bad? Other downturns have been more painful by some measures, but none since World War II has delivered so many severe blows to the economy at the same time.
Already it is the longest. The nonprofit National Bureau of Economic Research, which determines when the U.S. economy slips into recession, [...]
Obama Administration Gives Cops $1 Billion In Aid: New York, Houston, Seattle & Pittsburgh Get Stiffed
The Obama administration on Tuesday announced $1 billion in grants to help keep police officers on the beat during the economic downturn — and tried to assure cities not getting aid that they won’t be stiffed.
The aid announced by Vice President Joe Biden and Attorney General Eric Holder is just a fraction of what police [...]
GDP: Don’t believe the hype – Jul. 27, 2009
GDP: Don’t believe the hype
Even if the government reports a surprise boost to second quarter GDP, few economists are predicting a massive recovery just yet.
NEW YORK (CNNMoney.com) — This question seemed unthinkable to ask just a few months ago, but here goes: Did the economy actually grow during the past three months?
A few brave economists [...]
Consumer Confidence Dips In July: Citizens Fear Slow Pace Of Recovery
U.S. consumer confidence waned in late July to its lowest ebb since April on growing pessimism about the long-term economic outlook, especially about income and jobs, a survey showed Friday, even as some economists reckon the longest recession in decades may be easing.
The Reuters/University of Michigan Surveys of Consumers said its final July consumer sentiment [...]
THE STORY BERNANKE, GEITHNER & SUMMERS DON’T WANT YOU TO READ: Small Business Lending Drops 30% In Latest Quarter, Despite Stimulus
In its first full quarter since the Recovery Act kicked in, the SBA backed 30% fewer small business loans than it did a year ago.
Despite emergency stimulus measures, small business lending continues to fall. In the just-ended quarter, the Small Business Administration’s flagship program backed 30% fewer loans than it did a year ago, and [...]
The Top 15 Highest-Earning College Degrees
Math majors don’t always get much respect on college campuses, but fat post-grad wallets should be enough to give them a boost.
The top 15 highest-earning college degrees all have one thing in common — math skills. That’s according to a recent survey from the National Association of Colleges and Employers, which tracks college graduates’ job [...]
Overlooked Story of the Weekend: Job Loss In Freefall – Breaking Historical Patterns
The job market is doing even worse than the overall economy, prompting concern inside and outside the government that deeper-than-expected joblessness could persist once the recession ends.
Breaking from historical patterns, the unemployment rate — currently at 9.5% — is one to 1.5 percentage points higher than would be expected under one economic rule of thumb, [...]
