User: newstrust Topic: US Economy
Category: Jobs
Last updated: Jun 01 2016 07:56 IST RSS 2.0
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Op-ed: Seeds of today's economy were sown in dark days of 2009 1.6.2016 Salt Lake Tribune
In early 2009, the economic situation facing the United States was truly frightening. I had joined President Obama’s campaign in the summer of 2008 and watched as the collapse of the housing bubble, the bankruptcy of Lehman Brothers, and staggering, widespread financial losses left the country plummeting toward a second Great Depression. In January 2009 alone, the month that President Obama took office, our economy lost more than 750,000 jobs, and unemployment was on its way to a peak of 10 perc...
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Obama to find Indiana county still dependent on RV industry 1.6.2016 AP Business
ELKHART, Ind. (AP) -- President Barack Obama came to Elkhart County less than a month after he took office, visiting the Indiana manufacturing center that was then struggling in the depths of the Great Recession to highlight his economic policies....
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Obama to find Indiana county still depends on RVs 1.6.2016 Salt Lake Tribune
Elkhart, Ind. • President Barack Obama came to Elkhart County less than a month after he took office, visiting the Indiana manufacturing center that was then struggling in the depths of the Great Recession to highlight his economic policies. When the president returns Wednesday to the city of Elkhart, which bills itself as the “RV Capital of the World,” he will find the area remains heavily dependent on recreational vehicles and still striving to diversify its economy despite a sharp decline in ... <iframe src="" height="1" width="1" > </frame>
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Hungary does U-turn, not seeking to kill Uber app 1.6.2016 Salt Lake Tribune
Budapest, Hungary • In an apparent policy U-turn, Hungary says it’s not aiming to drive Uber from the country. Instead, the government wants to ensure that the ride-sharing app sticks to rules ensuring fair competition for all taxi companies. Ministry of National Development state secretary Janos Fonagy and other officials met Tuesday with representatives from Uber for the first time in months. Fonagy praised the company’s “exceptionally modern” innovations, which he said have been mostly adopte... <iframe src="" height="1" width="1" > </frame>
Americans without college degrees left out of improving job market 31.5.2016 Minnesota Public Radio: News
The class of 2016 is entering the best job market in years, but for people without a post-secondary degree the options are slim.
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Will a Robot Be Your Next Boss? 31.5.2016 Inc
To win today, and deep into the future, your humanity becomes your most powerful tech tool.
Consumer spending jumps the most in nearly seven years 31.5.2016 LA Times: Business

Consumers pulled their wallets out of winter hibernation in April, increasing their spending at the fastest pace in nearly seven years in a sign that the economy is growing solidly again this spring.

Personal consumption expenditures grew by 1% after being flat in March and posting small gains...

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Eurozone inflation is negative but poised for oil boost 31.5.2016 Salt Lake Tribune
London • Consumer prices across the 19-country eurozone fell again in May but look set to rise in the months ahead due to the recent pick-up in oil prices — an outlook that means the European Central Bank will likely refrain from announcing more stimulus measures this week. Official figures published by statistics agency Eurostat on Tuesday showed inflation in the year to May was minus 0.1 percent, up slightly from the previous month’s rate of minus 0.2 percent. Inflation across the eurozone has...
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Eurozone inflation remains negative but poised for oil boost 31.5.2016 AP Business
LONDON (AP) -- Consumer prices across the 19-country eurozone fell again in May but look set to rise in the months ahead due to the recent pick-up in oil prices - an outlook that means the European Central Bank will likely refrain from announcing more stimulus measures this week....
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Washington Post: Donald Trump's dangerous, nonsensical energy plan 31.5.2016 Salt Lake Tribune
Last week’s Wall Street Journal/NBC News poll shows that voters think Donald Trump would handle the economy better than would Hillary Clinton. But from his destructive tax proposals to the illogical energy plan he detailed on Thursday, there is little basis for that belief. Trump’s vision on energy, as on almost everything, starts with the premise that the country’s politicians have sold out the American people. President Obama has “done everything he can to keep us dependent on others,” he argu... <iframe src="" height="1" width="1" > </frame>
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Why States Are Sending Millions of Dollars to Big Players, Not Startups 31.5.2016 Inc
The vast majority of state incentive subsidies go to big business. This is why.
Tech billionaires like Democrats more than Republicans. Here's why. 31.5.2016 Washington Post: Op-Eds
Donald Trump is accelerating a trend that was already underway.
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So…That Stimulus 31.5.2016 Outside the Beltway
So, back in March 2009 I wrote this post about prognostications about the growth of the U.S. economy. It centered mainly about how robust growth will be due to the economic stimulus package. Some rather fantastical claims were made regarding the growth rate of GDP. Namely that GDP would grow between 2009 and 2013 by […]
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NFL version of three-card monte: the Super Bowl Scam 31.5.2016 Salt Lake Tribune
Atlanta • The NFL has its own version of three-card Monte. We’ll call it the Super Bowl Scam. It goes something like this: Hey, if you’ll dole out hundreds of millions of dollars to build a new football stadium, we’ll give you a shot at hosting our biggest game and reaping an outlandish economic impact for your city. Only thing is, there’s no chance of finding the right card. It doesn’t exist. Atlanta was the latest mark in this hugely profitable shell game run by the NFL and its billionaire own...
The Elites and the Rise of Donald Trump 30.5.2016 Truthout - All Articles
Donald Trump speaks at CPAC 2011 in Washington, DC. (Photo: Gage Skidmore ) Last week marked a milestone. Donald Trump passed the 1,237 threshold of committed delegates that gives him a lock on the Republican Party presidential nomination. Given his public comments on everything from immigration to terrorism, large segments of the population must be viewing his nomination with horror. The rise of Trump has provoked a considerable outpouring of commentary from the pundits. Most of it centered on the chief complaint that the white working class is upset about losing its privileged position and see Trump as the ticket to setting things right. There is considerable truth to this story. Trump's strongest support comes from white men without college degrees, although he also does quite well among small business owners. But before we condemn these workers as hopeless Neanderthals, it is worth stepping back a bit to consider what led them to support Donald Trump's candidacy in the first place. For more original ...
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History isn't a 'useless' major. It teaches critical thinking, something America needs plenty more of 30.5.2016 LA Times: Commentary

Since the beginning of the Great Recession in 2007, the history major has lost significant market share in academia, declining from 2.2% of all undergraduate degrees to 1.7%. The graduating class of 2014, the most recent for which there are national data, included 9% fewer history majors than the...

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California Inc.: State regulators to look at Frontier's takeover of Verizon lines 30.5.2016 LA Times: Commentary

Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section.

I'm Business columnist David Lazarus, and here's a rundown of upcoming stories this week and the highlights of last week.

We learned Friday that economic growth at the start of the year wasn't as bad as initially...

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Eurozone economic sentiment improves for second month 30.5.2016 AP Business
BRUSSELS (AP) -- Confidence in the economy of Europe&apos;s 19-country eurozone is up across the region for a second successive month thanks in particular to greater optimism among consumers....
CNN Wonders If the Media Has Missed Racist Undertones in the GOP 30.5.2016 NewsBusters
It has been well documented that the left’s favorite accusation to throw at the right is that all Republicans are racists, and use secret “dog whistles” to communicate that message. But now that the liberal media seems to be in the early stages of panic over Hillary Clinton’s chances of winning, CNN’s Brian Stelter posed the question of, has the media called the right racist enough, during his show Reliable Sources on Sunday. ...
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The Hidden Horrors in Poultry Plants 29.5.2016 Truthout - All Articles
A recent report on the US poultry industry by the international human rights organization Oxfam details of how 280,000 workers are ruthlessly exploited and abused in one of the world's largest meatpacking industries. The details speak volumes about just how cheap and expendable workers' lives are in the United States. From the bosses' perspective, however, conditions in the poultry industry are exactly as they'd like. Chickens on a truck near a Tyson Foods plant in Springdale, Arkansas, June 18, 2012. (Photo: Steve Hebert / The New York Times) Thousands of workers stand for up to 12 hours straight in freezing-cold, foul-smelling factories -- aching, hurting, gasping for air, struggling to go on until their next bathroom break -- while they relentlessly pull, cut and jab at dozens of chickens churning down the line every minute at dangerous speeds, repeating the same, intensive body-motions more than 20,000 times a day. One by one, most are left injured, debilitated and sick. This is the damning reality ...
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