(CHICAGO) — Headlines belied its weakness. Economist John Williams reengineers economic data based on reliable decades earlier modeling. U-3 unemployment rose 0.1 percent to 7.8 percent. U-6 is broader. It’s 14.4 percent. It includes: (1) Marginally attached workers wanting jobs but not actively looking in the past 30 days. They looked unsuccessfully in the last […]
(CHICAGO) — Headlines belied its weakness. Economist John Williams reengineers economic data based on reliable decades earlier modeling. U-3 unemployment rose 0.1 percent to 7.8 percent. U-6 is broader. It’s 14.4 percent. It includes: (1) Marginally attached workers wanting jobs but not actively looking in the past 30 days. They looked unsuccessfully in the last […]
It’s been a year of eye-popping records for student debt. Outstanding student loan debt surpassed credit card debt, with one government estimate pegging total student loan debt at more than $1 trillion. Such staggering figures drew renewed attention to the fact that rising higher education costs and falling government support for state colleges and universities […]
It’s been a year of eye-popping records for student debt. Outstanding student loan debt surpassed credit card debt, with one government estimate pegging total student loan debt at more than $1 trillion. Such staggering figures drew renewed attention to the fact that rising higher education costs and falling government support for state colleges and universities […]
(MintPress) – Despite lackluster retail sales in 2012, the auto industry posted record-breaking numbers. Strong December sales have pushed the American auto industry to its best performance in the last five years, as reported by the Associated Press. Both General Motors and Chrysler saw dramatic improvements over recent years in which the economy bottomed out […]
(MintPress) – Despite lackluster retail sales in 2012, the auto industry posted record-breaking numbers. Strong December sales have pushed the American auto industry to its best performance in the last five years, as reported by the Associated Press. Both General Motors and Chrysler saw dramatic improvements over recent years in which the economy bottomed out […]
Officials at the highest levels of the California Department of Parks and Recreation helped keep millions of dollars secret for more than a decade, the California attorney general’s office said in a report released Friday. The report said the “intentional non-disclosure” continued because employees feared the department’s budget would be cut if lawmakers found out, […]
Officials at the highest levels of the California Department of Parks and Recreation helped keep millions of dollars secret for more than a decade, the California attorney general’s office said in a report released Friday. The report said the “intentional non-disclosure” continued because employees feared the department’s budget would be cut if lawmakers found out, […]
(MintPress) – Wegelin & Company, the oldest bank in Switzerland, admitted Thursday to helping wealthy Americans shelter more than $1.2 billion in one of the largest known cases of tax fraud in U.S. history. As part of the plea deal, representatives from the Swiss bank agreed to pay $74 million in fines — significant but largely […]
(MintPress) – Wegelin & Company, the oldest bank in Switzerland, admitted Thursday to helping wealthy Americans shelter more than $1.2 billion in one of the largest known cases of tax fraud in U.S. history. As part of the plea deal, representatives from the Swiss bank agreed to pay $74 million in fines — significant but largely […]
Over the past week, as Congress dithered over the so-called fiscal cliff and Americans tried to recover from holiday celebrations, three important events occurred in the field of energy and climate that need to be explored in further detail for what they imply about U.S. energy policy over the course of President Obama’s second term. […]
Over the past week, as Congress dithered over the so-called fiscal cliff and Americans tried to recover from holiday celebrations, three important events occurred in the field of energy and climate that need to be explored in further detail for what they imply about U.S. energy policy over the course of President Obama’s second term. […]
(CHICAGO) — Millions of Americans face lump of coal harshness this holiday season. It’s no different throughout the year. Annually, things get worse. Hard times reflect what growing numbers endure. Bipartisan complicity bears full responsibility. Political Washington institutionalized inequality. Class war rages. It began decades ago. Fiscal cliff duplicity reflects much worse ahead. Wealth, power […]
(CHICAGO) — Millions of Americans face lump of coal harshness this holiday season. It’s no different throughout the year. Annually, things get worse. Hard times reflect what growing numbers endure. Bipartisan complicity bears full responsibility. Political Washington institutionalized inequality. Class war rages. It began decades ago. Fiscal cliff duplicity reflects much worse ahead. Wealth, power […]
