User: newstrust Topic: US Economy
Category: Jobs
8 new since Sep 02 2014 21:51 IST RSS 2.0
 
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Dollar gains on euro, yen in world stock markets 2.9.2014 Salt Lake Tribune
Tokyo • World stocks were mostly higher Tuesday as investors awaited central bank meetings later this week in Europe and Japan as well as U.S. employment figures. The dollar extended its rally against the euro and the yen on expectations the Fed will be the first major central bank to raise interest rates. KEEPING SCORE: By early afternoon in Europe, Britain’s FTSE 100 gained almost 0.1 percent to 6,827.47 while Germany’s DAX rose 0.6 percent to 9,535.23. The CAC-40 in France was up 0.3 percent ...
Midwest manufacturers boast strong growth in August as exports grow 2.9.2014 Star Tribune: Business
Midwest manufacturers boast strong growth in August despite shipment woes.
Cartoon: Tips and tricks for new college students 2.9.2014 Daily Kos

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Follow Jen on Twitter at @JenSorensen

Eric Cantor cashes in for $3.4 million 2.9.2014 Daily Kos
Eric Cantor waves bye-bye to Congress, hello to cash. Once Eric Cantor lost his primary, the question became not whether he would cash in, but when, how, and for how much. Now we have answers . The former House majority leader will become a vice chairman, managing director, and member of the board of directors at "boutique investment bank" Moelis & Co. According to an SEC filing: ... he'll have a base salary of $400,000 for this year and next. Add in $1.4 million in signing bonuses this year, and $1.6 million in incentive compensation next year, and Cantor is looking at a cool $3.4 million. The money won't be the only thing making Cantor feel right at home; the founder of Moelis & Co. was a max-out donor to his campaign, and he'll get to continue to work in the city he clearly considers home—even if, technically, he lives nearly two hours away near Richmond, Virginia. David Waldman nails Cantor's new office arrangement: Lost my job in Congress. Can I work for your Wall St firm? Great! I'd like to work in ...
New ad hits McConnell for abandoning his old Kentucky home 2.9.2014 Daily Kos

That might just be the most quietly devastating ad of the campaign season so far. Its quiet, somber use of "My Old Kentucky Home" makes this Senate Majority PAC ad against McConnell—showing his long history of "pushing foreign trade deals that send Kentucky jobs to new homes far away"—both attention-getting and hard-hitting.

Why would Kentucky give him another six years?

Republicans redefine chutzpah with equal pay tweet 2.9.2014 Daily Kos
Remember the one about the man who killed his parents, then asked for mercy because he's an orphan? Well, chutzpah has a new definition. On Labor Day, the Republican National Committee tweeted the following claim: "This #LaborDay, the White House & Democrats believe paying women less than men is an acceptable practice." With the following graphic: Staggering. Stunstonishing. Mind-blowing. I mean, if tweeting that graphic means that the RNC is ready to line up every Republican in or running for Congress and seriously press them to talk about equal pay, great. Because so far what we've got does not seem to support this statement even a little bit. Take the Republican senator who was worried the Paycheck Fairness Act would be unfair to men . Or the other Republican senator who claimed it was about pay for trial lawyers, not women . Or the Texas governor and likely presidential candidate who vetoed a state version of the Lilly Ledbetter Fair Pay Act and called equal pay concerns "nonsense." Take the ...
Even the Council on Foreign Relations Is Saying It: Time to Rain Money on Main Street 2.9.2014 Truthout.com
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Stock market edges higher 2.9.2014 LA Times: Business
U.S. stocks are wavering in early trading as investors look ahead to major economic reports out this week. Central banks meet this week in Europe and Japan, and the jobs report for August comes out Friday.
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LA Times Now Describing Illegal Aliens As 'Informal Workers' Who 'Labor Unofficially' 2.9.2014 NewsBusters
Via Weasel Zippers, we learned the Los Angeles Times has a new term for illegal aliens in the work force: they’re “informal workers,” and that doesn’t mean they don’t arrive on the job in a tuxedo. Times reporter Tiffany Hsu (a "UC Berkeley grad") began her Saturday story with the new I-word (and illegal immigrants also “labored unofficially” in "gray ...
Nation & World Briefs 2.9.2014 Durango Herald
Obama vows to stay on course for minimum-wage boostMILWAUKEE – President Barack Obama renewed his push Monday for Congress to raise the minimum wage in a buoyant accounting of the economy’s “revving” performance, delivered on behalf of Democrats opening their fall campaigns for the midterm congressional...
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Time off means fun in the sun 2.9.2014 Durango Herald
For 12-year-old Lariet Martinez of Bayfield, Monday meant a day off from school and browsing shops along Main Avenue with his parents, Monteal and Patrick.Though he had no idea what the holiday meant, he expressed excitement for having money to spend and was grateful for the family outing. Also, the day off from school didn’t...
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Specialist science teacher needed in every primary school, says professor 2.9.2014 The Guardian -- World Latest

Chief scientist announces strategy to address serious decline in Australias research and technical abilities

Continue reading...
Nation & World Briefs 2.9.2014 Durango Herald
Obama vows to stay on course for minimum-wage boostMILWAUKEE – President Barack Obama renewed his push Monday for Congress to raise the minimum wage in a buoyant accounting of the economy’s “revving” performance, delivered on behalf of Democrats opening their fall campaigns for the midterm congressional...
Also found in: [+]
Time off means fun in the sun 2.9.2014 Durango Herald
For 12-year-old Lariet Martinez of Bayfield, Monday meant a day off from school and browsing shops along Main Avenue with his parents, Monteal and Patrick.Though he had no idea what the holiday meant, he expressed excitement for having money to spend and was grateful for the family outing. Also, the day off from school didn’t...
Also found in: [+]
Obama: 'Revving' economy calls for higher wages 2.9.2014 Twincities.com: Local

President Barack Obama renewed his push for Congress to raise the minimum wage Monday in a buoyant accounting of the economy's "revving" performance, delivered on behalf of Democrats opening their fall campaigns for the midterm congressional elections.

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Unequal pay starts early 2.9.2014 NewsTrust Yahoo Pipes Feed
Women make less than men in almost every field 4 years after graduation.
Women face lower pay right out of the starting gate, and through their working lives.

Union membership reduces the pay gap, by the way.

Los Angeles mayor proposes $13.25 an hour minimum wage 2.9.2014 San Jose Mercury News: California
Los Angeles Mayor Eric Garcetti has used Labor Day to call for raising the city's minimum wage. Garcetti on Monday announced a proposal hike from the current $9 per hour to $13.25 in 2017.
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Obama: ‘Revving’ economy calls for minimum wage hike 2.9.2014 Salt Lake Tribune
Milwaukee • President Barack Obama renewed his push for Congress to raise the minimum wage Monday in a buoyant accounting of the economy’s “revving” performance, delivered on behalf of Democrats opening their fall campaigns for the midterm congressional elections. “America deserves a raise,” he told a union crowd in Milwaukee, vowing to keep a hard sell on Congress in much the way he once courted his wife. “I just wore her down,” he cracked. Timing his push to Labor Day, the traditional start o...
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Rising income inequality costs middle-class families $18,000 a year 2.9.2014 Daily Kos
You can thank rising inequality for your stagnant income. According to a new report from the Economic Policy Institute, "if inequality had not risen between 1979 and 2007, middle-class incomes would have been nearly $18,000 higher in 2007." That's because the very top earners sucked up way more than their share of the income growth that happened in those years. Average household incomes grew by 53.4 percent from 1979 to 2007. But that didn't break down equally: The bottom fifth of households saw their income go up by 29.2 percent, well below the 53.4 percent average. Income for the middle fifth of households grew by a measly 19.7 percent. But how did people a little higher up, but not at the very top, do? A little better, but still below average: households between the 81st and 90th percentiles—so in the bottom half of the top fifth of the income ladder—had just 39.1 percent income growth. Again, well below that average of 53.4. So how far up do you have to go before you hit the average? The 91st to the ...
Why 2014 is not 2010, in one very clear chart 2.9.2014 NewsTrust Yahoo Pipes Feed
At the beginning of the year, we heard a lot of talk about how 2014 was going to be another Republican wave year, like 2010, or bigger . Now, however, it's clear that 2014 has not followed the same trajectory as 2010. By this time in 2010, Democratic fortunes were sliding downhill fast, according to generic congressional ballot polling questions. This year—not so much. Take a look at the trends (Loess curves): The generic ballot has been stable all year for 2014, and with a small Democratic advantage (although not nearly enough to take back the House). Things can always change—but as of now, there's no evidence of a developing Republican wave. In past years, massive waves have been quite obvious by now. Here's the data going back to 2002: It's only six elections worth of data, so it's difficult to draw conclusions or attempt predictions, but it's pretty clear the mood of the electorate this year is different from 2010 or 2006. Data from HuffPost/Pollster and Real Clear Politics . Polls of Registered or ...
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