User: newstrust Topic: US Economy
Category: Jobs
Last updated: Dec 18 2014 09:51 IST RSS 2.0
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If the shoes don’t fit, find a better way to make them 18.12.2014 Washington Post
PHOENIX — Usually on Fridays, Heather Jackson drives to the Palo Verde Nuclear Generation Plant, where she’s a physicist, and she works a 10-hour shift. One particular Friday she asked for the day off. The time had come to do something about her shoes.Read full article >>
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Routt County's improving economy confronts a shortage of workers 18.12.2014 Steamboat Pilot
The welcome news is that Routt County’s economy is improving based on retail sales, and unemployment is down. The sobering news for Steamboat Springs business managers and owners is that they may find themselves working in the trenches more than they are accustomed to this ski season. Yampa Valley Data Partners declared a labor shortage in Routt County in its Fast Facts release on Wednesday based on a statistical analysis that shows employment opportunities are out of balance with the work force. “I think there are going to be a lot of business owners and general managers who are going to be having to carry the load themselves this winter, particularly at restaurants, hotels and the hospitality industry,” Randy Rudasics said. “It will be particularly acute when times are most busy. Most restaurant owners might be in the kitchen cooking because they have to, or standing out in the dining room helping people find tables.” Rudasics, manager of the Yampa Valley Entrepreneurship Center at Colorado Mountain ...
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The Schumer prescription for 2016 18.12.2014 Washington Post: Op-Eds
Sen. Charles Schumer gave Democrats a talking-to about their obligation to stand up for government’s role in helping struggling middle-income Americans — and his message got swallowed up by a few paragraphs on health care.Read full article ...
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Fed signals it will go slow on lifting key interest rate 18.12.2014 LA Times: Opinion
The American economic outlook, bolstered by robust job growth and a sharp drop in gasoline prices, was boosted a little more with the Federal Reserve's signal that it would take as long as three years to raise interests to once-normal levels.
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Cartoon: Gift guide for torture apologists 18.12.2014 Daily Kos

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Fed Says it Will Hold off on Rate Hike 18.12.2014 Inc
Stocks soared as Janet Yellen announced the Fed will be 'patient' in determining when to raise interest ...
Fed promises 'patient’ approach to any interest rate increase 18.12.2014 SFGate: Business & Technology
WASHINGTON — The Federal Reserve is edging closer to raising interest rates from record lows given a strengthening U.S. job market and economy. The Fed said Wednesday after a policy meeting that such an approach is consistent with its previous guidance that it expected to keep its benchmark rate near zero for a “considerable time.” The message from the Fed was that the strength of economic data and the level of inflation, not a calendar date, will dictate when it will raise rates. Most economists think the first increase will occur in June as long as the Fed’s inflation outlook doesn’t remain persistently below its target rate of 2 percent. The three dissents from the majority view reflected the sharp battles inside the Fed as it tries to transition from an extended period of ultra-low rates to a period in which it will start to raise rates. [...] the Fed’s statement used both phrases. Since the Fed’s last meeting, the job market and other sectors of the economy have strengthened. When the Fed ...
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Miami's Cuban Americans react to Cuba policy shifts 18.12.2014 NewsTrust Yahoo Pipes Feed
I'll put you down as a "no." How do Cuban Americans feel about Obama's plans to begin normalization of relations with Cuba? It depends on who you ask . Some Cuban exiles rejoiced at the prospect of easier access to their relatives. Some swelled with guarded optimism over the prospect of thawing relations between the United States and the communist island. And some were simply "ecstatic." [...] "It's amazing," said Hugo Cancio, who came to Miami in the 1980 Mariel boatlift and runs a magazine with offices in Miami and Havana. "This is a new beginning, a dream come true for the 11.2 million Cubans in Cuba, and I think it will provoke a change of mentality here too in this community." But those sentiments are not universal . Miami, the heart of the Cuban exile community, reacted with a collective shock. Hardline opponents of the Castro regime lambasted the president for what they called a betrayal. Miami-Dade County Commissioner Esteban “Steve” Bovo, a Republican whose father was a pilot in the 1996 ...
Filibuster reform helped President Obama re-shape the federal courts 18.12.2014 NewsTrust Yahoo Pipes Feed
The Senate confirmed another dozen U.S. district court nominees last night, giving President Obama 89 confirmations this year—for a total of 305 judges in his first six years. How does that compare historically ? President George W. Bush confirmed just 32 district court and circuit court judges during his sixth year in office, according to data provided by Alliance for Justice, a progressive advocacy group focused on the federal judiciary. President Bill Clinton confirmed 65 judges in his sixth year. In total, Bush confirmed 256 district and circuit court nominees after six years in office, Clinton confirmed 302, and President Ronald Reagan confirmed 295. Before 2014, Obama was behind both Bush and Clinton in federal court nominations—despite the Democrats having controlled the Senate in all six years. Filibuster reform—a wacky concept that a bunch of bloggers started pushing five years ago—is what allowed President Obama to reshape the federal judiciary. David Waldman—a.k.a. Kagro X on Daily Kos —had ...
Fed promises 'patient' approach in determining when to raise interest rates 18.12.2014 Star Tribune: Business
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Fed expresses “patience” in deciding when to hike interest rates 18.12.2014 Ezra Klein
The Federal Reserve on Wednesday said it would be "patient" in deciding when to begin to increase interest rates, suggesting that the recent burst of positive U.S. economic data hasn't moved up widely-expected plans to begin to raise rates sometime next year. In a carefully worded statement, the Fed said it can  “can be patient in beginning to normalize” ...
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Walmart ordered to pay $188 million in Pennsylvania wage theft lawsuit 17.12.2014 Daily Kos
Walmart's labor practices are not doing so well in court lately. Last week, a National Labor Relations Board judge ruled that Walmart illegally intimidated workers . This week, the Pennsylvania Supreme Court upheld a lower court verdict and ordered Walmart to pay $188 million to workers who sued because, they said, Walmart wasn't paying them for the full hours they worked and wasn't paying for rest breaks. About 187,000 people who worked in Pennsylvania Walmarts between 1998 and 2006 would be affected, but—surprise!—Walmart is considering an appeal to the Supreme Court. Wal-Mart spokeswoman Brooke Buchanan said the company did not believe the claims should be grouped together in a class-action suit. "Walmart has had strong policies in place to make sure all associates receive their appropriate pay and break periods," she said. Sure is funny how despite all those strong policies, this sort of lawsuit keeps happening to poor, poor Walmart. And now the company's quarterly earnings are taking a hit because ...
Economics Daily Digest: Sharing economy, CEO pay, pension cuts 17.12.2014 Daily Kos
By Rachel Goldfarb, originally published on Next New Deal Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Bloomberg Advantage: Konczal on Uber ( Bloomberg ) Roosevelt Institute Fellow Mike Konczal says that since most of the capital in Uber is in the cars, it's hard to justify the software developers getting such a large chunk of profits.   Your browser does not support the audio element. You can listen to the radio interview here . Follow below the fold for ...
Romney, Bush top wide open 2016 GOP field 17.12.2014 NewsTrust Yahoo Pipes Feed
Far be it from us to decline the opportunity to look at some early 2016 polling numbers after Jeb Bush's tortured not-so-announcement announcement Tuesday. (Anyone else wonder how many consultants he paid to write that Tweet?) Here's the topline: the field is wide open when Republicans are asked to simply name a candidate whom they would like to see nominated, but Mitt Romney and Jeb Bush lead the pack when people are given a list to choose from. First, the results of a Monmouth University poll released Monday: When asked to name who they would like to see as the party’s nominee for president, Republicans and Republican leaning voters volunteer more than a dozen names, with none exceeding 10% support. Contenders include Mitt Romney (8%), Ben Carson (7%), Chris Christie (7%), Jeb Bush (6%), Ted Cruz (5%), Rand Paul (5%), Mike Huckabee (3%), Scott Walker (3%), Bobby Jindal (2%), Rick Perry (2%), Marco Rubio (2%), and Rick Santorum (1%). Now, the McLatchy-Marist poll that has Romney and Bush leading a ...
Current Cleveland police union president voted out, but his replacement is even worse 17.12.2014 NewsTrust Yahoo Pipes Feed
Few police union presidents across the country have had their foot in their mouth more than current Cleveland Police Union President Jeff Follmer. Widely blasted for calling Cleveland Browns player, Andrew Hawkins "pathetic" for wearing a T-shirt supporting the families of Tamir Rice and John Crawford, Follmer has continued to make misstep after misstep. The chief of police just publicly distanced himself from Follmer's comments on the Browns and made it clear that Follmer doesn't actually speak for the department. Furthermore, the department has now had to clear up a mess made by Follmer after he has repeatedly stated that the officers who killed Tamir Rice have already been cleared—when they haven't. So, one, it would seem, would have reason to celebrate at the recent news that Jeff Follmer was voted out of his role as union chief and only has a few weeks left, right? Not so fast. His replacement, Steve Loomis, was actually in the position before and has a reputation for being, if you can imagine, even ...
The White House says Pope Francis played huge role in Cuba deal 17.12.2014 Daily Kos
Pope Francis strikes again! In a deal negotiated during 18 months of secret talks hosted largely by Canada and encouraged by Pope Francis, who hosted a final meeting at the Vatican, President Obama and President Raúl Castro of Cuba agreed in a telephone call to put aside decades of hostility to find a new relationship between the United States and the island nation just 90 minutes off the American coast. More from Buzzfeed: Francis played a big role in bringing the longtime rivals to the negotiating table, the official said. Francis sent what was characterized as an extraordinary personal letter to Obama and Cuban President Raul Castro over the summer, urging both parties to end their frosty relationship. Following the letter, and the negotiations, Obama and Castro had a phone conversation that helped lead to Wednesday’s announcement. The letter “gave us greater impetus and momentum for us to move forward,” the administration official said. The Vatican was the only government that participated in the ...
Minnesota exports jump nearly 6 percent to record $5.5B for third quarter 17.12.2014 Star Tribune: Business
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Are Small Businesses Really the Backbone of the Economy? 17.12.2014 Inc
Next time you say "small businesses are the backbone of the economy," here are the facts you need to back it ...
President Obama to announce major US-Cuba deal 17.12.2014 NewsTrust Yahoo Pipes Feed
On Wednesday, shortly after 12 ET, President Obama will announce major changes in U.S. policy towards Cuba. From a White House release, some of the details: The President has instructed the Secretary of State to immediately initiate discussions with Cuba on the re-establishment of diplomatic relations with Cuba, which were severed in January 1961. In the coming months, we will re-establish an embassy in Havana and carry out high-level exchanges and visits between our two governments as part of the normalization process. General licenses will be made available for all authorized travelers ... under existing regulations and guidelines. Remittance levels will be raised from $500 to $2,000 per quarter for general donative remittances to Cuban nationals ... Licensed U.S. travelers to Cuba will be authorized to import $400 worth of goods from Cuba, of which no more than $100 can consist of tobacco products and alcohol combined. And : Gross' "humanitarian" release by Cuba was accompanied by a separate spy swap, ...
Obama-appointed federal judges make the courts a lot less pale and male 17.12.2014 NewsTrust Yahoo Pipes Feed
President Obama has not only had 305 district and circuit court judges confirmed over the past six years, he has added significant diversity to the courts through his choices: Among the 12 confirmed in the final hours of the Senate's session, Robert Pitman will be the first openly gay judge to serve in the Fifth Circuit, which includes Texas, Louisiana and Mississippi. Loretta Biggs will be the first black woman to serve as a district judge in North Carolina. Whether Obama's judges reshape the judiciary ideologically in the way that many of George W. Bush's judges have is another question entirely, but they at least shift the balance away from those Bush judges and ensure that a wider range of experience is represented in our ...
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