Help The Middle ClassNews and Information For The Heart Of America
New Report – Consumer Confidence Slips, Stocks Take A Hit (CNN Money)
NEW YORK (CNNMoney.com) — Stocks tumbled Tuesday after a key measure of consumer confidence plunged, reflecting investors’ growing pessimism about the strength of the economic recovery.
The Dow Jones industrial average (INDU) lost 100 points, or 1%. The 30-share Dow had lost as much as 115 points earlier.
The S&P 500 index (SPX) lost 13 points, or 1.2%. [...]
Senator Scott Brown Breaks Ranks With GOP To Help Block Jobs Bill Filibuster (L. A. Times)
Reporting from Washington – Senate Democrats leaped a key hurdle toward passing a scaled-down jobs bill Monday, gaining support from several Republicans — including the newest GOP senator, Scott Brown of Massachusetts.
The 62-30 vote to block a filibuster represented a victory for beleaguered Senate Majority Leader Harry Reid (D-Nev.), who gambled that a handful of [...]
MIDDLE CLASS UPDATE: Despite Signs Of Recovery, Millions Face Years Of Unemployment (New York Times)
BUENA PARK, Calif. — Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits.
Economists fear that the nascent recovery will leave more people behind than in [...]
Mike Rose/Opinion: Race to the Top of What? Education Is About More Than Jobs (Truthdig)
The race is on. Forty-one states have just finished the mad dash to submit proposals for the Obama education initiative, Race to the Top. Now that the first round of competition is over we should be asking the basic questions that got lost in the flurry: What is the true purpose of all this reform? [...]
NOT SO FAST MR. OBAMA: New Jobless Claims Surge Unexpectedly, Producer Prices Up, Wall Street Opens Weak (Reuters/Yahoo! News)
The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economic recovery.
Initial claims for state unemployment benefits increased 31,000 to 473,000, the Labor Department said on Thursday. That compared to market expectations for 430,000.
Another report from the department [...]
Obama Declares Stimulus A Success (Yahoo!/AP)
President Barack Obama hailed Wednesday’s one-year-old economic stimulus law as an accomplishment that staved off another Great Depression and kept up to 2 million people on the job.
Still, with millions still out of work and losing patience, Obama acknowledged that to them, “It doesn’t yet feel like much of a recovery.”
Marking the anniversary of the [...]
10 Resume Mistakes (Investopedia.com)
Searching for a job is not always easy, no matter what state the economy is in. And when you’re on the hunt, your best weapon is your resume. This document must emphasize the best of your experience, education and skills and sell you to your future employer. It’s a lot to ask, but it is [...]
Labor Unions Are Becoming Increasingly Dissatisfied with Obama (Washington Post)
Looks like organized labor has joined the increasingly crowded ranks of the folks most unhappy these days with President Obama. The latest cause for their disaffection was a statement Obama put out late Thursday after the Senate confirmed 27 of some 63 nominees Republicans had blocked.
In the statement, Obama said he told Senate Minority Leader [...]
Obama Betting On Nuclear Power, U.S. Backing New Reactors (New York Times)
President Obama, speaking to an enthusiastic audience of union officials in Lanham, Md., on Tuesday, underscored his embrace of nuclear power as a clean energy source, announcing that the Energy Department had approved financial help for the construction of two nuclear reactors in Georgia.
If the project goes forward, the reactors would be the first begun [...]
Dominate Your Next Job Interview (Yahoo!)
For many job seekers an interview can seem too much like an inquisition. That’s usually because they’re doing all the answering and none of the asking.
“Somewhere in the interview you have a chance to impress the employer on your own terms and see if the job is a good fit for you,” says Florida-based career [...]
