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  • Major U.S. Retailers Are Closing More Than 6,000 Stores

    05/03/2015 4:02:11 PM PDT · by dennisw · 142 replies
    zerohedge ^ | 05/02/2015 | Michael Snyder
    Submitted by Michael Snyder via The Economic Collapse blog, If the U.S. economy really is improving, then why are big U.S. retailers permanently shutting down thousands of stores? The “retail apocalypse” that I have written about so frequently appears to be accelerating. As you will see below, major U.S. retailers have announced that they are closing more than 6,000 locations, but economic conditions in this country are still fairly stable. So if this is happening already, what are things going to look like once the next recession strikes? For a long time, I have been pointing to 2015 as a...
  • Marco Rubio Vows Never to Raise Taxes as President

    04/29/2015 12:09:01 PM PDT · by entropy12 · 41 replies
    Yahoo Finance ^ | 04/29/15 | Sahil Kapur
    Rubio follows fellow Republican nomination aspirants Senator Ted Cruz of Texas and Senator Rand Paul of Kentucky, both of whom signed the pledge last week. His move could put fellow Floridian mentor-turned-rival Jeb Bush in a difficult position in the brewing 2016 presidential contest.
  • US Economy Grinds To A Halt, Again: Q1 GDP Tumbles Below Expectations, Rises Paltry 0.2%

    04/29/2015 10:02:50 AM PDT · by tcrlaf · 12 replies
    Zerohedge ^ | 4-29-2015 | Durden
    And so the Atlanta Fed, whose "shocking" Q1 GDP prediction Zero Hedge first laid out nearly 2 months ago, with its Q1 GDP 0.1% forecast was spot on. Moments ago the BEA reported that Q1 GDP was far worse than almost everyone had expected, and tumbled from a 2.2% annualized growth rate at the end of 2014 to just 0.2%, in a rerun of last year when it too "snowed" in the winter. This was well below the Wall Street consensus of a print above 1.0%. n other words, in the quarter in which the S&P rose to unseen highs,...
  • You dumb racist conservatives are dumb. And racist.

    01/27/2012 12:47:56 PM PST · by 2ndDivisionVet · 14 replies
    Hot Air ^ | January 27, 2012 | Jazz Shaw
    I first caught wind of this story from our good friend Fausta, and it seems like a suitably silly note to help wrap up an already strange and unusual week. We’ve got a brand spanking new, rootin’ tootin’ study, fresh off the press from a distinguished group of scientists. (And I can tell they were scientists because I checked, and most of them were wearing white lab coats.) In it, we find what we already suspected about the party that hates science, clings to their guns and their God, and disapproves of Barack Obama not because of his damaging policies,...
  • CNN: Obama speech too complex for his target audience because of its high reading level

    06/17/2010 6:08:14 AM PDT · by wrrock · 62 replies · 1,144+ views
    cnn ^ | 6/17/2010 | cnn
    Tuesday night's speech from the Oval Office of the White House was written to a 9.8 grade level, said Paul J.J. Payack, president of Global Language Monitor. The Austin, Texas-based company analyzes and catalogues trends in word usage and word choice and their impact on culture.... Obama's nearly 10th-grade-level rating was the highest of any of his major speeches and well above the Grade 7.4 of his 2008 "Yes, we can" victory speech, which many consider his best effort, Payack said.
  • A Very Long List of All The Things Obama Compared Republicans to Today

    10/08/2013 5:08:22 PM PDT · by Libloather · 29 replies
    Slate ^ | 10/08/13 | Josh Voorhees
    **SNIP** Homeowners Irrationally Choosing to Be Deadbeats: "And so when I read people saying, now, this wouldn't be a big deal; we should test it out; let's take default out for a spin and see how it rides -- and I -- I -- I say, imagine, in your private life, if you decided that I'm not going to pay my mortgage for a month or two. First of all, you're not paying money by not paying your mortgage. You're just a deadbeat. And you can anticipate that will hurt your credit, which means that in addition to the debt...
  • Here Are The New Taxes You're Going To Pay To Pay For Obamacare...

    07/03/2012 1:50:08 PM PDT · by 2ndDivisionVet · 27 replies
    Business Insider ^ | July 2, 2012 | Henry Blodget
    Well, Obamacare is now official, which means that a lot more people in the United States will have health insurance. And it also means a lot more people will be paying more taxes. (You didn't think Obamacare was free, did you?) Here are some of the new taxes you're going to have to pay to pay for Obamacare: A 3.8% surtax on "investment income" when your adjusted gross income is more than $200,000 ($250,000 for joint-filers). What is "investment income?" Dividends, interest, rent, capital gains, annuities, house sales, partnerships, etc. Taxes on dividends will rise from 15% to 18.8%--if Congress...
  • IRS: Obamacare Cheapest Plan $20,000 Per Family in 2016

    (CNSNews.com) – In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year. Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS. The IRS's assumption that the cheapest plan for a family will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan. The examples...
  • ‘Obama Girl’ is ‘not as excited’ about 2012, won’t endorse Obama

    06/09/2012 9:47:58 PM PDT · by pistolpackinpapa · 71 replies
    The Daily Caller ^ | June 8, 2012 | Zach Gorelick
    Amber Lee Ettinger, widely known as “Obama Girl” during the 2008 presidential campaign, told The Daily Caller she is “not as excited as I was the last time, that’s for sure.” The model-actress became a nationally known celebrity after starring in the viral YouTube video “Crush on Obama.” “Barack Obama was definitely the first ‘Internet President,’” she said, describing her experiences during the last cycle as “quite a roller coaster ride.” This time, however, Ettinger won’t say if she still supports Obama. “At this point I’m keeping that to myself,” she told The DC. “If I’m not making videos, I’m...
  • ObamaCare Tax Penalties to Affect Millions — Illegal Aliens Exempted

    02/05/2015 4:52:41 AM PST · by HomerBohn · 8 replies
    The New American ^ | 2/4/2015 | Kurt Hyde
    An estimated three to six million taxpayers will get a nasty surprise when they fill out their federal income returns this year. They will be subject to the ObamaCare tax penalty, or as it is expressed in governmentese, a “shared responsibility payment.” Just calculating one’s “shared responsibility payment” can be quite a chore. There is an online worksheet posted here. It is remarkable that ObamaCare, a bill that was promoted by former Speaker of the House Nancy Pelosi as one that should be passed so that people could learn what's in it, would have a tax penalty that would require...
  • Rahm Emanuel lived rent free in BP flack's apartment(I can't wait until GOP Congress calls hearings)

    06/08/2010 10:39:50 AM PDT · by bestintxas · 17 replies · 66+ views
    american thinker ^ | 6/8/10 | Thomas Lifson
    If you or I lived rent free for five years in an apartment in pricey Washington, DC, we would have to pay income taxes on the value of the rent on the place. But apparently not Rahm Emanuel. The wonderful Andrew Malcolm of the LA Times writes: We already knew that BP and its folks were significant contributors to the record $750-million war chest of Barack Obama's 2007-08 campaign. Now, we learn the details of a connection of Rahm Emanuel, the Chicago mayoral wannabe, current Obama chief of staff, ex-representative, ex-Clinton money man and ex-Windy City political machine go-fer. Shortly...
  • Wide racial gap persists in education testing (even with affluent families)

    09/23/2013 4:25:56 PM PDT · by Altura Ct. · 89 replies
    Even if they come from affluent families or attend highly rated schools, black students in Ohio continue to lag far behind their white peers in school, according to a Dispatch analysis of data from state standardized exams. On more than two dozen state tests given to students in kindergarten through high school last year, the average passage rate among black students was 64 percent. On average, 87 percent of white students passed. Disparities between races have existed across the country since schools were physically divided by race, researchers say, but many now view those gaps largely as a product of...
  • Charles Rangel stiffs NY taxpayers on rent for district office (And blames Republicans)

    04/07/2014 7:12:00 AM PDT · by SeekAndFind · 10 replies
    American Thinker ^ | 04/07/2014 | Rick Moran
    Rep. Charles Rangel, censured by Congress in 2010 for a variety of misdeeds, including non-payment of taxes on his Dominican villa, didn't pay any rent on his district office in Harlem for all of 2013. His "excuse": his office lost the lease. But that's OK, said New York state. Instead of having to pay back rent. the state cut the real estate company a check for $87,000. New York Post: “I finally heard back from Congressman Rangel’s office and it seems we haven’t gotten the signed lease back because they lost it!” OGS real-estate specialist Sydney Allen wrote in a...
  • Obama Proposes Rebate for Seniors Deprived of Social Security Benefit Hike

    10/15/2010 12:55:22 PM PDT · by Washi · 68 replies
    Fox News ^ | Oct. 15, 2010 | Fox News
    President Obama is calling for a $250 rebate for seniors after the Social Security Administration announced Friday that interest rates in 2010 haven't risen enough to justify an increase in benefits next year to the 58 million retirees and disabled Americans who receive the entitlement. Congressional Democrats, already in a precarious position headed into Election Day, are heeding the president's call. White House spokesman Robert Gibbs announced that in light of the economic downturn and the fact that Social Security will not provide a cost-of-living adjustment for a second year, the president will ask Congress to approve a $250 "economic...
  • Dems Give Longer Timetable For Stimulus Bill

    01/05/2009 2:46:23 AM PST · by careyb · 15 replies · 802+ views
    Washington ComPost ^ | 1/5/09 | Shailagh Murray
    Lowering expectations for quick passage of an economic stimulus bill, Senate Majority Leader Harry M. Reid rejected setting "some false deadline" for delivering legislation to President-elect Barack Obama in favor of a more deliberate approach that allows Congress to get the package right "the first time." Congressional leaders had hoped to hand Obama an economic assistance package immediately after he is sworn in Jan. 20, but that looks increasingly doubtful as the legislation grows in complexity and size. In separate interviews this morning, Reid (Nev.) and House Majority Leader Steny H. Hoyer (D-Md.) said the process could take six more...
  • Stimulus pays rent, utilities for homeless families

    07/10/2010 8:57:11 AM PDT · by Oldeconomybuyer · 56 replies · 2+ views
    Daytona Beach News-Journal (FL) ^ | July 10, 2010 | By DEBORAH CIRCELLI
    DAYTONA BEACH -- In a cramped room, smaller than two walk-in closets, Jesus Valentin's two children jump from one bunk bed to the next trying to burn off energy. He and his fiancee, who is expecting their third child in August, have tried to make their room at the STAR Family Shelter more of a home by decorating with schoolwork from their 3- and 4-year-olds. But after seven months of eating with about 80 adults and children in the shelter, sharing common spaces such as the living room area and restrooms and showers, they are anxious to get into a...
  • Squatter living rent and mortgage free

    04/04/2015 6:16:10 AM PDT · by KeyLargo · 39 replies
    Fox 32 Chicago ^ | Apr 2, 2015 | Craig Wal
    CHICAGO (FOX 32 News) - Tinley Park squatter living rent and mortgage free The problem with squatters is hitting home in an upscale Tinley Park Subdivision. On Mallow Street where homes sell for $350,000 or more, a woman has been living in a house rent and mortgage free for two years. “It's very frustrating, our property taxes are very high, I work nights to pay mine and to help support my family. And I just see her coming and going without a care in the world it's enormously frustrating,” said neighbor Patti Yara. And no one is more frustrated than...
  • Obama's Budget Seeks to Shrink Tax Benefits of Owning

    03/08/2009 1:10:16 PM PDT · by Nachum · 79 replies · 2,776+ views
    Wahington Post ^ | 3/8/09 | Kenneth R. Harney
    The cluster of special federal tax benefits and subsidies for homeowners has long seemed politically untouchable. Those include deductions for mortgage interest, local property taxes and capital gains exclusions on up to $500,000 in sale profits. Is the Obama administration serious about beginning to limit at least some of these subsidies?
  • Obama Is Pushing Banks To Make More Home Loans To Borrowers With Poor Credit

    04/03/2013 7:20:03 AM PDT · by blam · 37 replies
    TBI ^ | 4-3-2013 | Brett LoGiurato
    Obama Is Pushing Banks To Make More Home Loans To Borrowers With Poor Credit Brett LoGiuratoApril 3, 2013The Obama administration is readying a push to get banks to make more home loans available to individuals with weaker credit, The Washington Post's Zach Goldfarb reports. It's a push that walks a tightrope, since it is expected to help boost the continuing economic recovery immediately but risks opening up the shaky lending that led to the housing crash. Obama's plan would provide for more lending to individuals such as young people buying their first homes, as well as people whose credit has...
  • Obama Shows Us How to Give Away Other People's Money and Soak in the Love

    02/13/2014 1:52:09 PM PST · by Kaslin · 3 replies
    Rush Limbaugh.com ^ | February 13, 2014 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Yesterday at the end of the program -- the last half hour of the program -- I was watching TV. Obama did his White House ceremony raising the minimum wage for federal contractors. It just hit me. There he is giving away some more of other people's money, and it immediately hit me: How popular could I be if I could do that? How popular could I be and how unbeatable could I be if I were able to give away other people's money to anybody I wanted to, and if I focused on the downtrodden and...
  • Thousands Fall Victim to Utility Payment Scam (15,000 Obama dupes and counting)

    07/12/2012 5:50:39 PM PDT · by kristinn · 19 replies
    AP via CFNews13 ^ | Thursday, July 12, 2012 | Scott Bauer
    As much as President Barack Obama wants your vote, he's not actually offering to pay your monthly bills. But thousands of Americans have been persuaded otherwise, falling victim to a fast-moving scam that claims to be part of an Obama administration program to help pay utility bills in the midst of a scorching summer. The scheme spread quickly across the nation in recent weeks with help from victims who unwittingly shared it on social media sites before realizing they had been conned out of personal information such as Social Security, credit card and checking account numbers. "No one knows who...
  • New way to reduce your mortgage: Stop paying!

    11/13/2008 9:54:47 AM PST · by TrebleRebel · 28 replies · 2,281+ views
    WalletPop ^ | 10/31/08 | Tracy Coenen
    An article late last week in the San Diego Tribune offers up some very realistic, yet depressing advice about the current state of home ownership: Many homeowners would be best off if they simply stopped paying their mortgages. How so? The passage of the bailout bill meant that help for homeowners was assured. After all, politicians can't risk bailing out corporate America, while letting poor little homeowners lose their houses and be out on the streets. If you've got little to no equity in your house and find it a struggle to pay the mortgage, just stop paying. The government...
  • Woman warns of utility bill scam (Obama paying for my utilities)

    07/09/2012 8:47:37 AM PDT · by listenhillary · 37 replies
    WSBTV ^ | July 8, 2012 | WSBTV
    SPALDING COUNTY, Ga. — The Better Business Bureau and Georgia Power are warning people about a scam, promising that President Barack Obama will pay utility bills with a new federal grant. Channel 2's Tony Thomas spoke to a Griffin woman who fell for the scam. Loneiyce Washington even introduced her friends to what she thought was a legitimate offer. They ended up getting scammed, too. Washington said she thought Obama passed a law that provided credits to help her and others pay their utility bills, she told Thomas. Investigators said the scammers ask for people's Social Security numbers and bank...
  • Obama bill-paying hoax sweeps up victims nationwide: Plain Dealing

    A myth that President Obama is giving people money to pay their bills has prompted thousands of people across the country to try to pay for utilities, phone service and loans using bogus bank routing numbers. United Way of Cleveland's 2-1-1 changed its answering machine Monday to say rumors of the Obama program were false after fielding dozens of calls. Later that day, a United Way employee was on an RTA bus when a rider stood up and announced to fellow passengers that Obama was paying people's bills. The rider told people they could use the red numbers on the...
  • Obama Is Going To Pay For My Gas And Mortgage!!!(Brainwashed)

    11/02/2008 3:41:30 PM PST · by NavyCanDo · 20 replies · 3,002+ views
    Text from attendee of Obama Rally in Florida: “I won’t have to worry about putting gas in my car. I won’t have to worry about paying my mortgage. You know, if I help he is going to help me.”
  • Obama Is Going To Pay For My Gas And Mortgage!!! (Where is She Now?)

    03/31/2011 4:03:35 AM PDT · by SoFloFreeper · 35 replies
    You Tube ^ | Election 2008 | Peggy Joseph
    This lady, Peggy Joseph, thinks Barack Obama will pay for her gas, mortgage, and who knows what else.
  • In the Obama Economy, a Decline in Teen Workers (only 9% of kids working)

    04/11/2015 2:48:38 PM PDT · by Straight Vermonter · 58 replies
    Daily Signal ^ | Salim Furth
    Teenagers who work enjoy numerous benefits. As Ron Lieber argues in his new book, “The Opposite of Spoiled,” they learn how to appropriately handle bosses, co-workers, and money, and they might learn something about what they’re good at. Lieber’s message is timely, because working teenagers are rapidly disappearing. Data from the Current Population Survey show that the share of 16- to 19-year-olds who were neither working nor looking for work each March has risen around 15 percent since the late 1990s. Part of that is due to lower demand for their labor, but the trend was strong even before the...
  • Obama's Lies on the Economy Revealed (He just can't help but lie)

    04/03/2015 3:20:49 PM PDT · by Kaslin · 18 replies
    Rush Limbaugh.com ^ | April 3, 2015 | Rush Limbaugh
    RUSH: It is amazing, folks. It's once again amazing how we were blatantly lied to in January and February about the unemployment numbers and the overall economy. Blatantly lied to. And we're being blatantly lied to about whatever or not is happening in this Iranian deal to boot. JOHNNY DONOVAN: And now, from sunny south Florida, it's Open Line Friday! RUSH: And, of course, the piece de resistance, we are being lied to about what's happening in Indiana. Every day, every day we have to devote time here to straightening out the lies that are told by the Democrat Party...
  • Just When You Thought The Obama Economy Can't Get Any Worse, It's Getting A Lot Worse

    04/03/2015 3:08:49 PM PDT · by Kaslin · 106 replies
    Townhall.com ^ | April 3, 2015 | Donald Lambro
    In the seventh year of Barack Obama's administration, the economy is still getting failing grades that have been the hallmark of his trouble-filled presidency. While he continues to go about the country telling voters that his policies are working, this week's dreary economic data tell a far different story. The bleak headlines in the nation's major newspapers tell the story in its bluntest terms. "Stocks fall on disappointing economic data," said USA Today. "U.S. stocks fall on weak economic data," blares The Wall Street Journal, with this subhead: "Private payrolls rise less than expected in March, adding to concerns about...
  • Americans Not in Labor Force Exceed 93 Million for First Time; 62.7% Labor Force Participation…

    04/03/2015 11:51:16 AM PDT · by Olog-hai · 51 replies
    Cybercast News Service ^ | April 3, 2015 - 8:58 AM | Ali Meyer
    The number of Americans 16 years and older who did not participate in the labor force—meaning they neither had a job nor actively sought one in the last four weeks—rose from 92,898,000 in February to 93,175,000 in March, according to data released today by the Bureau of Labor Statistics. That is the first time the number of Americans out of the labor force has exceeded 93 million. Also from February to March, the labor force participation rate dropped from 62.8 percent to 62.7 percent, matching a 37-year low. Five times in the last twelve months, the participation rate has been...
  • Obama "Engages In Envy Economics": Proposes Offshore Profit Tax To Fund Public Spending

    02/01/2015 11:08:27 AM PST · by SeekAndFind · 13 replies
    Zero Hedge ^ | 02/01/2015 | Tyler Durden
    Just as AAPL stock hits record highs and single-handedly rescues Q4 earnings from the doldrums, it appears President Obama is bringing his own brand of 'middle-class-economics' Robin-Hood-iness to crush the 'wealth generating' machine that has served America's 1% so well for so long. As AP reports, The White House plans a six-year half a trillion dollar public works program financed with a one-time mandatory tax on profits that U.S. companies have amassed overseas. Under current law, profits only face federal taxes if they are returned, or repatriated, to the US; but Obama's new deal would set a tax on...
  • Last Two Election Cycles, Unemployment Dropped Drastically Right Before Election, Rose Soon After

    10/04/2014 8:24:34 PM PDT · by Perdogg · 26 replies
    In an odd coincidence, the last two election cycles have seen a drastic, unexpected drop in the unemployment rate immediately before the election. And in 2012 and 2010, the unemployment rate increased the month or the next after the election. Just as big a coincidence, both 2014 and 2012 saw the drop come in September, but reported in October, the best time to report supposed good news on the economy.
  • Recent Job numbers favor Democrats

    10/04/2014 7:40:14 AM PDT · by SeekAndFind · 33 replies
    New York Post ^ | 10/04/2014 | John Crudelle
    Advantage, Democrats — unless the 248,000 new jobs in September suddenly force Republicans to go on the offensive. I will explain in a second what the Republicans’ next move could be. But first, you may have read that the Labor Department on Friday, in its last jobs report before the mid-term elections, revealed that job growth and the unemployment rate both improved nicely in September — in fact, better than I expected. That’s going to make the Republican battle to take over the Senate a lot harder because issue No. 1 with Americans is the economy. Jobs = votes. In...
  • Last Two Election Cycles, Unemployment Dropped Drastically Right Before Election, Rose Soon After

    10/03/2014 1:35:03 PM PDT · by therightliveswithus · 16 replies
    Pundit Press ^ | 10/3/14 | Aurelius
    In an odd coincidence, the last two election cycles have seen a drastic, unexpected drop in the unemployment rate immediately before the election. And in 2012 and 2010, the unemployment rate increased the month or the next after the election. Just as big a coincidence, both 2014 and 2012 saw the drop come in September, but reported in October, the best time to report supposed good news on the economy. This comes on the heels of this election cycle's surprise news that the unemployment rate decreased .2% to 5.9%., a mere two months after the unemployment rose to 6.2%. For...
  • Hedge Fund Manager Kyle Bass: Unemployment Rate Is 'Rigged', Closer to 11%

    09/24/2014 2:46:20 PM PDT · by SeekAndFind · 10 replies
    Real Clear ^ | 09/24/2014
    America's unemployment rate as measured by the Labor Department vastly underrepresents the number of Americans actually out of work, hedge fund manager Kyle Bass told CNBC. Earlier this month, the government said the nation's unemployment rate fell to 6.1 percent in August, while job growth cooled with just 142,000 nonfarm payrolls added. "Look at unemployment, the way it's calculated is it's semi-rigged," he argued in a "Squawk Box" interview. "It will trend down to the 5 percent range just because people stop looking for a job." "If you take everyone that has dropped out of the workforce since the beginning...
  • 4 Of 5 Top Job Additions In September Were Low Or Minimum Wage

    10/03/2014 7:09:52 AM PDT · by SeekAndFind · 14 replies
    Zero Hedge ^ | 10/03/2014 | Tyler Durden
    div class="content">Interested why despite the euphoric headline NFP print, a cursory glance deeper inside the payrolls report reveals weakness after weakness, with both participation plunging again and wages the worst since last summer? Here is the answer: 4 of the top 5 largest job additions in September, retail trade, leisure and hospitality, education and health and temp help, were of the lowest quality, and paying, jobs possible. So yes, America added a whole lot of minimum wage waiters, store clerks, groundskeepers and temps: truly the stuff New Normal "recoveries" are made of.
  • Obama's Illinois: Food Stamp Growth Exceeds New Jobs

    09/17/2014 3:41:34 PM PDT · by raptor22 · 12 replies
    Investor's Business Daily ^ | September 16, 2014 | IBD EDITORIALS
    Economy In Crisis: A new study by the Illinois Policy Institute shows in the past four years, the number of new food-stamp recipients in the state has outpaced new jobs nearly 2-to-1. Illinois Democratic Gov. Pat Quinn, locked in a tight re-election battle with self-made billionaire Republican Bruce Rauner, has been arguing that Illinois, arguably the bluest of blue states, has turned the fiscal corner and is on its way back. The recovery may be slower than Quinn wants it to be — but, he says, it is real. It is an odd recovery, though, that makes more people dependent...
  • U.S. initial jobless claims fall by 36,000 to 280,000 last week

    09/18/2014 6:27:18 AM PDT · by SeekAndFind · 19 replies
    Investing ^ | 09/18/2014
    The number of people who filed for unemployment assistance in the U.S. last week fell to the lowest level since mid-July, fuelling optimism over the strength of the labor market, official data showed on Thursday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending September 13 decreased by 36,000 to a seasonally adjusted 280,000 from the previous week’s revised total of 316,000. Analysts had expected jobless claims to fall by 11,000 to 305,000 last week. Continuing jobless claims in the week ended September 6 fell to 2.429...
  • Weekly Jobless Claims Rise Less than Expected, Point to Firming Labor Market

    09/25/2014 8:34:45 AM PDT · by mykroar · 19 replies
    FoxBusiness.com ^ | 9/25/14 | Reuters
    <p>The number of Americans filing new claims for unemployment benefits rose less than expected last week, suggesting an acceleration in job growth in September.</p> <p>Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 293,000 for the week ended Sept.20, the Labor Department said on Thursday.</p>
  • The Great Recession: The financial crisis that keeps on giving

    09/29/2014 2:01:22 PM PDT · by SeekAndFind · 6 replies
    Los Angeles Times ^ | 09/29/2014 | SCOTT MARTELLE
    The Great Recession has lasted a lot longer for some than for others. A new survey from Rutgers University’s John J. Heldrich Center for Workforce Development found that “one in five workers - or nearly 30 million people - say they were laid off from a job in the past five years," dating back to the end of the recession in June 2009. "Nearly 4 in 10 of these laid-off workers say they searched for a job for more than seven months before finding another one; one in five workers laid off during the past five years never found another...
  • U.S. Weekly Jobless Claims Unexpectedly Drop To 287,000 [4th straight week below 300,000]

    10/02/2014 6:42:41 AM PDT · by SeekAndFind · 21 replies
    RTT News ^ | 10/02/2014
    First-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended September 27th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 287,000, a decrease of 8,000 from the previous week's revised level of 295,000. The pullback came as a surprise to economists, who had expected jobless claims to climb to 297,000 from the 293,000 originally reported for the previous week. The Labor Department said the less volatile four-week moving average also edged down to 294,750, a decrease of 4,250 from the previous week's revised average of 299,000. With...
  • "Discussion" of Unemployment on Bloomberg. Bring back JOBS to America.

    10/03/2014 5:14:14 AM PDT · by Cringing Negativism Network · 12 replies
    Bloomberg News | 10/3/2014 | (rant)
    This morning I'm watching Bloomberg news, and they just started the hour with a quick discussion of unemployment, in anticipation of the week's statistics. I am left distinctly unenthused by the nature of that "discussion". Nobody is talking about unemployment, as a lack of jobs. We have as a country, one big problem. We have sent millions of AMERICAN JOBS to other countries. Many to the Peoples Republic of China. Our solution is so simple. America needs to bring back American jobs. Nobody is willing to say that. We continue as a nation to run a 30 billion trade deficit...
  • .S. Added 248,000 Jobs in September, Unemployment Rate Falls to 5.9%

    10/03/2014 6:09:50 AM PDT · by mykroar · 27 replies
    FoxBiz.com ^ | 10/3/14 | Dunstan Prial
    The U.S. economy added 248,000 jobs in September as labor markets rediscovered the momentum gained earlier this year. The headline unemployment rate dropped unexpectedly to 5.9% from 6.1% The better-than-expected figures are certain to rekindle the debate over the timing and trajectory of interest rate hikes by the Federal Reserve, as the positive report will have many economists looking for rates to move higher sooner rather than later. In August the economy generated just 142,000 new jobs, well below expectations on weakness in major sectors including manufacturing, retail and transportation. That number was revised upward to 180,000 on Friday, according...
  • U.S. unemployment rate drops to 6-year low at 5.9%

    10/03/2014 7:05:04 AM PDT · by SeekAndFind · 74 replies
    CRAIN's CLEVELAND BUSINESS ^ | 10/03/2014 | SCOTT SUTTELL
    The U.S. unemployment rate is below 6% for the first time in more than six years. The U.S. Bureau of Labor Statistics reported Friday morning, Oct. 3, that the economy added 248,000 jobs in September, pushing the unemployment rate down to 5.9% from 6.1% in August. The unemployment rate hadn’t been below the 6% mark since July 2008, according to BLS historical data. Employment increased most strongly in professional and business services, retail trade and health care, the government said. The government said the number of people unemployed in September declined by 329,000 to 9.3 million. During the last year,...
  • Who Needs Work When We Have Obama?

    10/04/2014 4:18:48 AM PDT · by Kaslin · 25 replies
    Townhall.com ^ | October 4, 2014 | John Ransom
    While many will be giddy because the BLS reported that job creation came in at 248,000, well above analysts expectations-- and because unemployment ticked down to 5.9 percent-- make no mistake: this is still a bad job market.ThatÂ’s because another 315,000 people left the labor force last month. When adding in the numbers of people who entered the civilian population (217,000) job creation is hardly keeping up with population growth.The job gains, in fact, are not much better than in previous years. When one accounts for part-time work, discouraged workers and those who have dropped out of the labor force...
  • Everything You Need to Know About Friday's Jobs Numbers

    10/04/2014 7:49:34 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | October 4, 2014 | Mike Shedlock
    Initial Reaction The payroll survey shows a net gain of 248,000 jobs vs. an expectation of 215,000 jobs. Last month was revised up by 69,000 to 180,000. The six-month string of plus 200,000 jobs remains broken. Last month the household survey had a gain in employment of only 16,000. That number was not revised up. This month the household survey shows a respectable gain of 232,000, pretty much in line with the establishment survey. Nonetheless the household survey over the past six months has been much weaker than the establishment survey. One or the other is apt for some serious...
  • High Taxes and Demographic Shift Affect Congressional Representation

    10/04/2014 8:48:31 AM PDT · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 10/04/14 | Alan Joel
    Northeast States: For an area that used to be a political powerhouse, it is becoming increasingly marginalized due to excessive taxes and the ensuing population shift I have written on this subject before, and now the affects of high taxes and population migration are playing out in a substantial, political way: the decline of about 40% of Congressional seats in the Northeast. According to the Census Bureau, high taxpayers are moving south. It notes that in the 11 states that comprise the Northeast, population grew at a rate of only 15% over the thirty year span from 1983-2013, while the...
  • So whatever happened to the deficit?

    07/19/2014 5:47:48 AM PDT · by Citizen Zed · 23 replies
    Washington Post ^ | 7-19-2014 | Al Kamen
    Not so long ago the federal deficit was projected to destroy the country, our children’s future and just about everything else. Budget battles shut down the entire government for a couple weeks. How times change. A count by our colleague Alice Crites illustrates how the issue gained media traction – - especially after the Bush/Obama stimulus packages to mitigate Bush’s Great Recession – and how much it’s faded from the front pages. So what happened? Simple answer, of course, is that the deficit is way down and, for now, no longer a big problem.
  • Carson on ‘Sluggish’ U.S. Economy: ‘We Have Asinine Economic Policies’

    05/28/2014 5:55:01 PM PDT · by Nachum · 12 replies
    Penny Starr ^ | 5/28/14
    (CNSNews.com) – Author and retired pediatric neurosurgeon Ben Carson said at a National Press Club luncheon that the reason for the “sluggish growth” of the U.S. economy is because of bad policy. “And why do we have such sluggish growth?” Carson said on Wednesday in Washington, D.C. “Because we have asinine economic policies.” Carson, who gained a following after remarks he made about the “moral decline” of the nation in a speech at the 2013 National Prayer Breakfast, told an appreciative audience that they should think about that fact concerning the economy.
  • Gas Price Record Worsens: 1,245 Days above $3 a Gallon

    05/22/2014 1:34:55 PM PDT · by Olog-hai · 41 replies
    Cybercast News Service ^ | Julia Seymour
    Memorial Day weekend drivers will continue to take a hit as gasoline prices remain high. May 20 marks the 1,245th straight day that the national average for a gallon of regular gasoline costs more than $3 a gallon, according to AAA data. That’s nearly three-and-a-half years above $3 a gallon.