User: newstrust Topic: US Economy
Category: Jobs
1 new since Aug 30 2014 17:52 IST RSS 2.0
 
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France leads the charge to throw off the German-led austerity straitjacket 30.8.2014 The Guardian -- World Latest
Stagnation, rather than collapse, is now the eurozone's enemy. But agreement is elusive Continue reading...
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In Labor Day message, Obama says workers fought for rights, benefits often taken for granted 30.8.2014 Star Tribune: Politics
California lawmakers send governor a ban on single-use plastic bags 30.8.2014 LA Times: Top News
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A sour mood despite sweeter outlook 30.8.2014 LA Times: Business
This week brought another nugget of good economic news for the U.S. economy. Gross domestic product expanded at a healthy annual rate of 4.2% in the second quarter — a slight upward revision from the earlier reading by the Bureau of Economic Analysis.
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Open thread for night owls: America's workers need faster wage growth 30.8.2014 Daily Kos
Elise Gould at the Economic Policy Institute writes Why America’s Workers Need Faster Wage Growth : The last year has been a poor one for American workers’ wages. Comparing the first half of 2014 with the first half of 2013, real (inflation-adjusted) hourly wages fell for workers in nearly every decile—even for those with a bachelor’s or advanced degree. Of course, this is not a new story. Comparing the first half of 2014 with the first half of 2007 (the last period of reasonable labor market health before the Great Recession), hourly wages for the vast majority of American workers have been flat or falling. And even since 1979, the vast majority of American workers have seen their hourly wages stagnate or decline—even though decades of consistent gains in economy-wide productivity have provided ample room for wage growth. The poor performance of American workers’ wages in recent decades—particularly their failure to grow at anywhere near the pace of overall productivity—is the country’s central economic ...
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Joe Biden is heading to New Hampshire 30.8.2014 Washington Post: Politics
Vice President Joe Biden is hitting the road Wednesday for an event on the economy. In itself this is not remarkable, until one considers the location: New Hampshire. Biden, as we all know, has not ruled out the prospect of a 2016 presidential run. He's certainly tried before. So his choice of locale is sure to raise some ...
Joe Stiglitz: We Need Fair Taxes For All 30.8.2014 NewsTrust Yahoo Pipes Feed
Here's a nice Labor Day topic: economic inequality! Listen to Joe Stiglitz: BILL MOYERS: This week on Moyers & Company, Nobel laureate Joseph Stiglitz. JOSEPH E. STIGLITZ: Our democracy is now probably better described as one dollar, one vote than one person, one vote. We have a tax system that reflects not the interest of the middle. We have a tax system that reflects the interest of the one percent. ANNOUNCER: Funding is provided by: Anne Gumowitz, encouraging the renewal of democracy. Carnegie Corporation of New York, supporting innovations in education, democratic engagement, and the advancement of international peace and security at Carnegie.org. The Ford Foundation, working with visionaries on the front lines of social change worldwide. The Herb Alpert Foundation, supporting organizations whose mission is to promote compassion and creativity in our society. The John D. and Catherine T. MacArthur Foundation, committed to building a more just, verdant, and peaceful world. More information at ...
Economics Daily Digest: A rising minimum wage lifts all boats 29.8.2014 Daily Kos
By Rachel Goldfarb, originally published on Next New Deal There will not be a new Daily Digest on Monday, September 1, in observance of Labor Day. The Daily Digest will return on Tuesday, September 2. Click here to receive the Daily Digest via email. Who Stands to Benefit from San Diego’s Minimum Wage Hike ( Voice of San Diego ) Lisa Halverstadt speaks to Roosevelt Institute Fellow Annette Bernhardt about her research team's estimate that 172,000 workers could get a raise from San Diego's minimum wage hike. The Biggest Tax Scam Ever ( Rolling Stone ) Tim Dickinson looks at the range of multinational tax avoidance strategies in use today, from inversions to offshoring. It's all legal, he says, but the law itself is broken. De Blasio Zeroes in on Expanding Living Wage ( Capital New York ) New York City's mayor looks to require more businesses, including retail tenants of subsidized developments, to pay a living wage, report Dana Rubinstein and Sally Goldenberg. Market Basket's Popular CEO Arthur T Goes ...
The Daily Show: Indict Cowboy 29.8.2014 Daily Kos
Jon Stewart and Rick Perry
Yeeehaw! Jon Stewart goes all in on Rick Perry's rebranding efforts ahead of a probable 2016 run. Including his recent indictment by a Texas grand jury.

Scroll below to see The Daily Show's take on the "Indict Cowboy."

New ad exposes Iowa Republican Joni Ernst's plans for Medicare 29.8.2014 Daily Kos
The Democratic Senate Campaign Committee is hitting Joni Ernst, Iowa's Republican Senate candidate, with a new ad on Medicare that answers a deceptive ad Ernst put out earlier in the week touting her support for the program. Ernst says she's committed to supporting programs for seniors, but in her primary race she endorsed the Paul Ryan privatization plan. In this DSCC ad, Bob Glass of Des Moines talks about just what that Republican plan, endorsed by Ernst, would mean for seniors. Pay into Medicare. And you get it back. It seems only fair. Joni Ernst wants to cut Medicare and end its guarantee. Seniors are going to pay thousands more while insurance companies rake in bigger profits. There’s a lack of compassion that just really bothers me. I think she’s going to be right in the insurance companies’ pocket. That’s where she’s going to be. Not looking out for me. Given Ernst's undying fealty to the Koch brothers, there can be little question at all that Mr. Glass and the DSCC have nailed her vision for ...
Michigan Medicaid expansion works 29.8.2014 Daily Kos
But how will it play in Peoria? Gov. Rick Snyder (R-MI) needs some good news as he's upside down in polling for the first time this year against Democrat Mark Schauer. This might not be the good news he's needing. Michigan's Medicaid expansion how now reached 75 percent of the total eligible, to 373,171 people. For those Michigan citizens, that's fantastic. For Snyder's re-election campaign, it might help. For his possible presidential ambitions, a ...
Jon Pedigo and Dana Magat: Clergy have a role to play in combating income inequality 29.8.2014 San Jose Mercury News: Opinion
Our community must have a serious discussion about overcoming poverty and its impact.
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Corbett, desperate for re-election, accepts Medicaid expansion for Pennsylvania 29.8.2014 Daily Kos
Another Republican fighting for his political life through Medicaid expansion. Gov. Tom Corbett (R-PA) is facing an extremely tough re-election this November. Probably not at all coincidentally, Corbett has decided to give up on some of his demands for Medicaid expansion in the state's application for a waiver, and accept the administration's offer. Health PA would also make sweeping and somewhat controversial changes to the existing Medicaid program, such as allowing some low-income individuals to be charged premiums for coverage and consolidating most existing benefit plans. Reducing the number of plans from 14 to two (a high-risk and low-risk plan) will be permitted, as will allowing premiums for people earning above 100 percent of the poverty level, starting in the second year of the plan. The Republican governor had already agreed to back down from one of the most controversial aspects of the plan, agreeing to make a work search requirement he originally sought to impose into a voluntary pilot ...
Mike Pence joins the cult of Koch 29.8.2014 Daily Kos
Count Gov. Mike Pence (R-IN) among the groveling acolytes of the Koch brothers. The Kochs are having another one of their big shindigs this weekend in Dallas, where a bunch of Republicans 2016 presidential hopefuls are expected to line up and kiss the ring. Among them, Texans Gov. Rick Perry and Sen. Ted Cruz, along with Kentucky's Sen. Rand Paul. But they'll have an awful lot of kowtowing to do to top Pence . "I've met David Koch on several occasions. I'm grateful to have enjoyed his support and the support of many of the people that support Americans for Prosperity across Indiana and across this country," Pence said in an interview as he headed into a private AFP dinner featuring remarks from Koch and a keynote speech by columnist and pundit George Will. "I'm very grateful for the leadership of this organization," Pence said of Americans for Prosperity, which has backed his tax-slashing agenda in Indiana, and which is comprised partly of a foundation arm chaired by Koch. "I'm just honored to be able to ...
Airfare is up, but Labor Day travelers are flying anyway 29.8.2014 Washington Post

The cost of air travel is soaring while consumers aren’t seeing much growth in their disposable income — but that isn’t deterring an estimated 2.65 million American leisure travelers who are flying over the Labor Day weekend, the most since 2007, according to the travel organization AAA.

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U.S. consumer spending dips 0.1 percent 29.8.2014 Durango Herald
WASHINGTON – U.S. consumer spending fell in July, with a drop in auto purchases accounting for most of the weakness. Income growth also slowed.Consumer spending edged down 0.1 percent last month after a 0.4 percent increase in June, the Commerce Department reported Friday. It was the first decline in spending since January. Income...
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New polls find tossup in Michigan's gubernatorial race, and a small lead for Gary Peters for Senate 29.8.2014 NewsTrust Yahoo Pipes Feed
Democratic gubernatorial nominee Mark Schauer New polls in Michigan from EPIC-MRA and Mitchell Research and Communications are out, and they find the gubernatorial race a complete tossup. EPIC-MRA finds Democrat Mark Schauer leading Republican Gov. Rick Snyder 45-43, while Mitchell gives Snyder a 47-46 lead. Polls have consistently shown this race close, but EPIC-MRA is the first pollster in a long while to show Schauer with any lead. EPIC-MRA also gives Snyder a rather dire 41-57 job approval rating, while Schauer posts a 26-21 favorability score. Schauer may still not be well known, but he may not need to be to win. If this poll is right, things are liable to get much worse for Snyder: It's very hard to see a governor that unpopular winning in a state that clearly leans against his party unless his challenger is utterly hated. Both groups also take a look at the U.S. Senate race and find Democratic Rep. Gary Peters leading Republican Terri Lynn Land, though they disagree by how much. EPIC-MRA finds ...
Stocks edge higher in quiet trading ahead of US holiday; Avago soars on earnings 29.8.2014 Star Tribune: Business
Stock market edges higher in midday trading 29.8.2014 Salt Lake Tribune
Mixed reports on the U.S. economy and better-than-expected company earnings nudged U.S. stocks higher on Friday. Indexes were rebounding after a slow start in light trading ahead of the Labor Day holiday. KEEPING SCORE: The S&P 500 rose four points, or 0.2 percent, to 2,001 as of 10:22 a.m. Mountain time. The Dow Jones industrial average gained 10 points, or 0.1 percent, to 17,090. The Nasdaq composite climbed 16 points, or 0.4 percent, to 4,573. THE QUOTE: “We’re seeing a listless preholiday ma...
U.S. consumer sentiment improves a bit in August 29.8.2014 Salt Lake Tribune
Washington • U.S. consumer sentiment ticked up in August, driven by greater optimism about jobs, rising incomes, and increasing wealth. Yet the increase largely occurred among higher-income groups. The University of Michigan said Friday its index of consumer sentiment rose to 82.5 from 81.8 in July. The August level is only slightly higher than it was a year ago. Consumers have sent mixed signals in recent months. The Michigan index has fluctuated between 80 and 82.5 since December. But a measur...
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