User: newstrust Topic: US Economy
Category: Jobs
Last updated: Aug 01 2014 09:53 IST RSS 2.0
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S&P500 index posts worst fall since April; indexes down for July 1.8.2014 Chicago Tribune: Business
NEW YORK (Reuters) - The U.S. S&P500 stock index posted its worst daily fall since April and its first monthly drop since January on Thursday, as economic data sparked concern the Federal Reserve could raise interest rates sooner than some have ...
Chart(s) of the Day: What does the U.S. shamefully have in common with Oman and Papua New Guinea? 1.8.2014 NewsTrust Yahoo Pipes Feed
Out of 185 nations , according to Bryce Covert and Adam Peck's look into an International Labor Organization's report, Oman, New Guinea and the United States are the only ones without a guarantee of paid maternity leave. In the States, if you have worked long enough for a company with 50 or more employees, you get 12 weeks of unpaid leave to care for a newborn, adopted or foster child. Only in California, New Jersey and Rhode Island is any provision made for paid leave in these circumstances. Paid paternity leave is worse. Some 70 nations provide that. Here are some examples: From Covert and Peck: In the U.S., just 12 percent of workers have access to paid family leave through their employers. Worse, less than half of all workers are covered by unpaid leave, giving them few options when they have a new child. A quarter of women either quit their jobs or are let go when a new child arrives, and of those who get only partial pay or nothing at all, a third borrow money and/or dip into savings while 15 ...
Stocks plunge on worries about interest rate increase 1.8.2014 LA Times: Business
Wall Street's long-running bull market got a jolt Thursday from investors increasingly worried that the improving economy will push policymakers to raise interest rates sooner than expected.
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Can the US and China Coexist in Africa? 1.8.2014 Mother Jones
This story first appeared on the TomDispatch website. Juba, South Sudan—Is this country the first hot battlefield in a new cold war? Is the conflict tearing this new nation apart actually a proxy fight between the world's two top economic and military powers? That's the way South Sudan's Information Minister Michael Makuei Lueth tells it. After "midwifing" South Sudan into existence with billions of dollars in assistance, aid, infrastructure projects, and military support, the US has watched China emerge as the major beneficiary of South Sudan's oil reserves. As a result, Makuei claims, the US and other Western powers have backed former vice president Riek Machar and his rebel forces in an effort to overthrow the country's president, Salva Kiir. China, for its part, has played a conspicuous double game. Beijing has lined up behind Kiir, even as it publicly pushes both sides to find a diplomatic solution to a simmering civil war. It is sending peacekeepers as part of the U.N. mission even as it also arms ...
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Minnesota minimum wage hike set to take effect Friday 1.8.2014 Business

Minnesota is seeing its first minimum wage increase in nearly a decade.

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Why the Law Does Not (and Should Not) Allow Religiously Motivated Contractors to Discriminate Against Their LGBT Employees 1.8.2014 Balkinization
Why the Law Does Not (and Should Not) Allow Religiously Motivated Contractors to Discriminate Against Their LGBT Employees
House Republicans jam Senate on transportation bill 1.8.2014 Daily Kos
House Republicans are just having a bang-up day in spending a lot of time and taxpayer money in hanging around on the House floor and making sure that no governing actually happen before they leave for five weeks for recess. While leadership was first killing and then trying to resurrect its version of a border assistance bill, they also managed to jam up the Senate —also in its last day of work before recess—on the highway trust fund transportation funding bill. They rejected the bill the Senate had already passed and then passed their own, jeopardizing funding to the program and late summer transportation projects. The fund is set to be depleted some time in August without an immediate infusion of cash. Republicans said their $11 billion measure is now the only viable path for lawmakers to prevent a bankruptcy in infrastructure spending that has been predicted to occur in August. […] Republicans want to extend road and transportation funding into next year and the next Congress possibly one with a ...
Sen. Harry Reid's office rubs some salt in Republican wounds on House border bill blunder 1.8.2014 Daily Kos
After House Republicans pulled their attempt at a border bill in a conspicuous display of party incompetence, Senate Majority Leader Harry Reid and his office rubbed some salt in those wounds : "Senator Reid agrees with House Republican leaders’ statement that President Obama has the authority to take steps on immigration reform on his own," [spokesman Adam Jentleson] said. "He's glad Republicans have come around and hopes this means they’ll be dropping their frivolous lawsuit against the President, instead of continuing to waste the American people’s time and ...
House Republican flailing over border bill drags on 1.8.2014 Daily Kos
Welcome to leadership, Rep. Scalise. The newly minted House Majority Whip, Rep. Steve Scalise had a really, really bad first effort today, so bad that his vote counting on the big border crisis response bill had to be pulled from the floor, and then maybe resurrected as apparently some members demanded that this vote had to happen before leaving town. So they didn't leave town, and have scheduled another meeting for Friday morning when they work on the vote count, again. All of which has led to this delicious Politico headline: "House GOP in disarray: A fight over the border bill" . In a Thursday afternoon meeting, Speaker John Boehner, Majority Leader Kevin McCarthy (R-Calif.) and Majority Whip Steve Scalise (R-La.) heard from a number of Republicans who did not want to leave Washington until a package passed the House. But all day Thursday, the votes in support of the original $659 million border bill faded away, and it’s unclear if Scalise will be able to recapture votes in support of the package. ...
AP Acknowledges That There Are 'Fewer Full-Time Jobs,' But Doesn't Cite Obamacare As a Contributor 1.8.2014 NewsBusters
In a Thursday report on why many Americans are still unimpressed with the U.S. job market, Associated Press reporters Christopher Rugaber and Josh Boak made a rare admission that "Finding a steady full-time job has become harder" than it was before the recession. The AP pair then contended that "the trend might also reflect a lasting shift among restaurants and coffee shops," but found an "expert" who only acknowledged that such employers are trying to be more careful in their spending. Although they mentioned Obamacare as a reason why pollied Republicans are dissatisfied with the economy, Rugaber and Boak never cited the healthcare law as a possible factor in the significant move to employ part-timers, even though Investor's Business Daily has compiled a list of 429 employers "with strong proof that ObamaCare's employer mandate is behind cuts to work hours or staffing levels." Excerpts follow the jump (bolds and numbered tags are ...
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Economics Daily Digest: The IRS can't follow the money when it has none of its own 31.7.2014 NewsTrust Yahoo Pipes Feed
By Rachel Goldfarb, originally published on Next New Deal Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. IRS Failing to Regulate Dark-Money Political Spending ( Real News Network ) Roosevelt Institute Senior Fellow Thomas Ferguson explains how reduced funding for the IRS is preventing the agency from properly determining what groups need to report political spending. 3 Reasons Subsidized Jobs Should Be Part of an Economic Mobility Agenda ( CAP ) Rachel West says that subsidized job programs are effective at bringing people who have been left out into the labor force, even in non-recessionary times. It’s a Reasonable Goal: Wages That Pay the Bills ( Boston Globe ) Steven Syre questions why public support is so much higher for groups fighting to maintain their hard-won living wages than it is for fast food workers seeking the same level of stability. Obama Plans New Scrutiny for Contractors on Labor Practices ( NYT ) A new executive order will require ...
Why America Gave Up On The Fight For A Family-Friendly Workplace, And Why It’s Starting Again 31.7.2014 Think Progres

President Obama's embrace of work/family policies marks a turning point after a long, tortured history.

The post Why America Gave Up On The Fight For A Family-Friendly Workplace, And Why It’s Starting Again appeared first on ThinkProgress.

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Insurers, hospitals enjoying the profit of Obamacare 31.7.2014 Daily Kos
Here's another nail in the coffin of the case for repealing Obamacare. Two of the major players in the healthcare industry—hospitals and insurance companies—are getting a much bigger stake in the law as they foresee profits under it. HCA Holdings Inc. (HCA), the largest for-profit hospital chain, yesterday raised its forecast and reported a 6.6 percent drop in uninsured patients at its 165 hospitals, a reduction that grows to 48 percent in four states that expanded Medicaid, a top initiative of the Patient Protection and Affordable Care Act. WellPoint Inc. (WLP), which made the biggest commitment of any publicly traded insurer to the Obamacare markets, raised its guidance today after handily beating analyst estimates for the quarter on rising membership linked to the overhaul. […] “Obamacare’s turned out to be quite good for health-care companies,” said Les Funtleyder, a portfolio manager at Esquared asset management, in a telephone interview. LifePoint Hospitals Inc. (LPNT), another for-profit chain, ...
Economy has bounced back, but many are still waiting to feel the effects 31.7.2014 San Jose Mercury News: Breaking News
The U.S. unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent. And the July jobs report being released Friday will likely show a sixth straight month of healthy 200,000-plus gains. Yet for Douglas Hunter and millions like him, happy days aren't quite here again.
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Is the Conflict in South Sudan the Opening Salvo in the Battle for a Continent? 31.7.2014 Truthout - All Articles
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Target names Pepsi's Cornell as chairman, CEO 31.7.2014 LA Times: Business
Target is bringing in an outsider as its CEO for the first time as the retailer fights to redefine itself to American shoppers.
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US jobless aid applications rise to 302,000 31.7.2014 Business
WASHINGTON (AP) — More people sought U.S. unemployment benefits last week, but jobless claims remain at pre-recession levels.
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As US job market strengthens, many don't feel it 31.7.2014 AP Business
WASHINGTON (AP) -- The U.S. unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent. And the July jobs report being released Friday will likely show a sixth straight month of healthy 200,000-plus gains....
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Cartoon: Chagrin Falls: Corporate Sky-Deity Bless America 31.7.2014 Daily Kos
AND apply to join the highly selective INNER HIVE! AND a "Chagrin Falls" t-shirt?   ...
House votes to sue Obama for doing a thing they wanted to have happen 31.7.2014 Daily Kos
In case you missed all the fun, House Republicans voted Wednesday to sue President Obama for delaying the implementation of a provision of Obamacare that House Republicans have voted dozens of times to repeal. They said that delay was overstepping his powers. Clearly, House Republicans believe that if they aren't doing anything to govern, no one should. But more than that, House Speaker Boehner and team seem to think they have to do something to prove how much they still hate Obama short of what the rabble is demanding: impeachment. But, of course, they can't admit that, so you get bullshit like this: "This isn't about Republicans or Democrats. It's about defending the Constitution we swore an oath to," Speaker John Boehner said. "Are you willing to let any president choose what laws to execute and what laws to change?" That oath to defend the Constitution clearly only applies to Republicans when the president is a Democrat. It's not just Democrats who aren't buying it; the move has done nothing to ...
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