Help The Middle ClassNews and Information For The Heart Of America
They’re Hiring! Four Bright Spots In the Job Market (Yahoo!)
4 Fields That Are Still Hiring
By Lawrence Ross
Over the past year, bad news – bank failures, job loss, and a down housing market – has hovered over the economy like a dark cloud. But good news is on the horizon. According to Newsweek magazine, the stock market has rallied up 44% since March 2009. And [...]
Push To Shrink Big Banks Catches On In Congress (Politico)
The populist angst aimed at Wall Street banks is already spilling into Senate deliberations on regulatory reform, and a powerful new sentiment — big is bad — is being echoed by liberals and conservatives alike.
The anger at the nation’s financial behemoths is taking shape in a variety of ways, most notably in a bill from [...]
States Ready to ‘Tighten Belts’ In 2010 (USA Today)
States across the nation begin the year facing grim budget shortfalls that could mean a repeat of the service cuts, layoffs or furloughs and higher fees imposed in 2009, a USA TODAY survey shows.
States passed fiscal 2010 general-fund budgets totaling $627.9 billion, 5.4% less than a year earlier, says a study released last month by [...]
Will the “Jobs For Main Street Act” Really Produce Jobs (Yahoo!/AP)
When the Senate takes up a jobs bill later this month or early in February, the debate will center on whether it really will create jobs and be worth plunging the government tens of billions of dollars further into debt.
Republicans scoff at the “Jobs for Main Street Act” title that House Democrats put on their [...]
How to Fix Your Finances in 2010 (Wall Street Journal)
Still mulling over your New Year’s financial resolutions?
David Laibson, a Harvard University economics professor, has one for you—one that many of us may wish we’d made last year.
“Promise that you’ll never try to time the market again,” he suggests, a not-too-subtle gibe at the many investors who sold their stock in the depths of the [...]
10 Ways to Save Money in 2010 (SmartMoney.com)
After a turbulent economic year, it’s a popular one, too. A December survey from financial service firm Edward Jones found saving more money next year is the top resolution for that a third of consumers.
Try these 10 strategies for significant savings:
1) Pick a friendlier credit?card
“Being on the wrong card can cost people thousands more a [...]
10 Ways To Dump Your Debt In 2010
A great deal has changed in the past year, and even more has changed over the decade since we ushered in 2000. I recall that the world as we knew it might have ended due to us being unprepared for the dreaded Y2K bug, lurking in our computer networks!
Well, that never materialized and neither did [...]
STOP FUNDING BIG BANKS; COMMUNITY BANKS NEED YOUR SUPPORT: MOVEYOURMONEY.INFO
JUST BEFORE CHRISTMAS, a few friends were having dinner wondering what personal actions they could take to help limit the power of the big banks and create a more sane, stable financial system. How, they wondered, could they help end the era of Too Big To Fail? The financier at the table recommended that everyone [...]
Robert Reich/Opinion: The Year Wall Street Bounced Back and Main Street Got Shafted (Huffington Post)
In September 2008, as the worst of the financial crisis engulfed Wall Street, George W. Bush issued a warning: “This sucker could go down.” Around the same time, as Congress hashed out a bailout bill, New Hampshire Sen. Judd Gregg, the leading Republican negotiator of the bill, warned that “if we do not do this, [...]
THE STORY CNN & MSNBC WON’T REPORT: US Growth Rate Revised Downwards (BBC Worldwide News)
The US economy grew by less than originally estimated between July and September, official figures show.
The latest estimate said the economy grew at an annual pace of 2.2%, down from the previous estimate of 2.8%. The first reading had shown growth of 3.5%.
It is the first quarter in which the US economy returned to growth, [...]
