Help The Middle ClassNews and Information For The Heart Of America
OPINION: Wall Street Profits While Main Street Suffers (New York TImes)
In a 1964 concurring opinion deciding Jacobellis v. Ohio, Associate Supreme Court Justice Potter Stewart wrote about “hard-core pornography” and his struggle to define it: “Perhaps I could never succeed in intelligibly doing so. But I know it when I see it.”
Using Potter’s indisputable logic, it’s hard not to see something obscene in how Wall [...]
RETIREMENT ALERT: 6 WAYS YOU’RE SABOTAGING YOUR RETIREMENT (SF GATE/INVESTOPEDIA)
Millions of senior citizens are discovering that they do not have adequate financial resources to retire. Some seniors are unable to retire due to the recent economic crisis and others due to poor financial habits. The stark truth is this: financial decisions that you make on a daily basis have a direct impact on your [...]
2010’s Worst-Selling Housing Markets (Forbes.com)
Miami-area home sellers looking to unload their properties might want to make sure they have comfortable couches.
It looks like they’re going to be there a while.
That’s because Miami tops our list of the nation’s most sedentary housing markets. These 10 spots feature a potent mix of dropping prices and sluggish sales rates. Also on the list: Denver; San Diego; Baltimore; Washington, [...]
13 Things Your Pharmacist Won’t Tell You (Readers Digest)
What to bear in mind the next time you visit the pharmacy counter.
1. Don’t try to get anything past us. Prescriptions for painkillers or sleeping aids always get extra scrutiny.
2. We’re not serving fries in here. I’d think twice about using a drive-through pharmacy. Working there distracts us-not a good thing when it comes to pharmaceuticals.
TO CONTINUE [...]
Fannie Mae Executives Face Probe. Must Explain Risky Mortage Decisions (Yahoo! News)
Two former Fannie Mae executives said Friday that competitive pressures, combined with the political goal of increasing homeownership, were to blame for the company’s decision to back riskier mortgages that fueled the housing bubble.
Daniel Mudd, Fannie Mae’s former chief executive, and Robert Levin, the company’s former chief business officer, testified before a panel examining the [...]
Autism Signs Appear in Babies’ First Year (Health Key)
The social disengagement that is the hallmark of autism-spectrum disorders begins to appear in the second half of a baby’s first year of life, according to a new study. But Californiaresearchers found that parents typically do not notice the decline in their child’s behavior until well into his or her second year.
The study, published in the Journal [...]
Obama Still Plans On ‘Redistribution Of Wealth’ To Pay For Deficit (Los Angeles Times)
Reporting from Washington
With enactment of his signature healthcare law, President Obama has also made good on another major campaign promise: to ease the tax burden on middle-class Americans and pay for his domestic agenda by raising taxes on the wealthy. And for upper-income taxpayers, the tab for healthcare is just the beginning.
Families earning more than [...]
Obama’s Nuclear Policy, Something For The ‘Left & Right’ (Los Angeles Times)
President Obama and his senior aides introduced a new nuclear weapons policy Tuesday with the promise that America would no longer build new nuclear weapons.
“No new testing, no new warheads,” Marine Gen. James Cartwright, vice chairman of the Joint Chiefs of Staff, pledged in a Pentagon briefing.
Yet officials said later that the policy could allow [...]
ECONOMY RECOVERY? Blockbuster, Borders & Rite Aid ‘On The Edge Of Bankruptcy’ (Investopedia.com)
Many major companies like Circuit City and Linens ‘n Things went bankrupt during the economic crisis of 2008-2009. These companies folded under high debt levels and a decline in sales. Just because some companies were able to survive the economic downturn of the past few years doesn’t mean they are out of the woods yet. [...]
7 New Taxes Laws You Need To Know About (Bankrate.com)
Facing a struggling economy, lawmakers in Washington, D.C., turned to the tax code to help get it, and us consumers, moving again. Most of the tax changes were part of the stimulus package enacted last February, the American Recovery and Reinvestment Act of 2009. There are seven new tax laws you should know, and some [...]
