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 [...]
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 [...]
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. [...]
Why The Unemployment Rate Will Continue To Be High For Sometime (U.S. News)
Why the Unemployment Rate Refuses to Budge – US News and World Report.
Trying To Save Money? 5 Billionaires Show You How (Investopedia)
At least once in your life – maybe even once a week or once a day for that matter – you have fantasized about coming into a lot of money. What would you do if you were worth millions or even billions? Believe it or not there are millionaires and billionaires among us who masquerade [...]
Growth of Unpaid Internships May Be Illegal, Officials Say (New York Times)
With job openings scarce for young people, the number of unpaid internships has climbed in recent years, leading federal and state regulators to worry that more employers are illegally using such internships for free labor.
Convinced that many unpaid internships violate minimum wage laws, officials in Oregon, California and other states have begun investigations and fined [...]
Unemployment Holds Steady At 9.7%. Temp. Hirings Up March Job Figures (Politico)
President Barack Obama got the first unequivocally good news on the nation’s employment picture Friday, as new government figures showed the nation gained 162,000 jobs in the month of March.
The unemployment rate held steady at 9.7 percent. That’s the first time the nation has gained, rather than lost, in jobs since late 2007, with the [...]
Transportation Department Sets New Fuel Efficiency Standards For Autos (The Washington Post)
Consumers will pay more for cars upfront but may save money in the long term under new rules finalized Thursday by the Obama administration that will increase fuel efficiency and for the first time set greenhouse gas emissions standards for cars and light trucks.
The new fuel efficiency standards, issued by the Transportation Department and the [...]
Obama Now Says “Drill, Baby, Drill! Article And Video Looking At His Stunning Reversal (Huffington Post)
President Obama announced today a new energy policy that will open up waters along the southern Atlantic coastline, the eastern Gulf of Mexico, and part of Alaska to offshore oil and gas drilling.
The new policy represents a reversal not only of the current moratorium on any new oil drilling off most U.S. shores, but also [...]
Obama To O.K. Oil And Gas Drilling Off US Coast. The Dream Of George W. Bush Will Finally Come True (The Washington Post)
The Obama administration will approve significant oil and gas exploration off America’s coasts, including a possible sale two years from now of leases off the Virginia shore, administration officials said Wednesday.
The move, which President Obama will announce Wednesday morning with Interior Secretary Ken Salazar at Andrews Air Force Base, ends a long-standing moratorium on oil [...]
