User: newstrust Topic: US Economy
Category: Jobs
5 new since Jul 23 2014 02:25 IST RSS 2.0
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Fox News anchor breaks the news: Supreme Court rules against Obamacare 23.7.2014 Daily Kos
Not even the Fox Chyron writers got the story as wrong as Jon Scott Things you can only learn on Fox News, this time courtesy of anchor Jon Scott: Obamacare has taken two consecutive hits now from the Supreme Court. First the Hobby Lobby decision, now this. Not only that, said Scott, but White House press secretary Josh Earnest appeared to be "thumbing his nose at the Supreme Court" by dismissing the decision. Now, if you're scratching your head and wondering how the Supreme Court managed to issue a ruling against Obamacare without you finding out about it, don't despair: There was no Supreme Court decision. Instead, a D.C. Circuit Court of Appeals panel ruled that Obamacare does not authorize subsides in states with federally-run exchanges. The panel's decision, however, was far from definitive: two previous courts had reached the opposite conclusion, and shortly after the ruling, a third court weighed in, upholding Obamacare exchanges. Nonetheless, it took Scott nearly five minutes to finally clear ...
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Grimes hits McConnell's 'Not my job' remark in new ad 23.7.2014 Daily Kos
In a new ad similar in style to her previous ad on Senate Minority Leader Mitch McConnell's support for Rep. Paul Ryan's Medicare budget, Kentucky Secretary of State and Democratic nominee for U.S. Senate Alison Lundergan Grimes is taking aim at McConnell's statement earlier this year that creating jobs isn't one of his jobs. The ad features unemployed coal miner David Stanley who asks McConnell: Mr. McConnell, in the last two years, we’ve lost almost half of our coal jobs in Eastern Kentucky. Why’d you say it’s not your job to bring jobs to Kentucky? According to Associated Press, the ad will run statewide. As with the earlier ad, the spot is not simply about attacking McConnell: It also seeks to define Grimes as being the true Kentuckian in the race and as someone who will be a champion for the state in the U.S. Senate. And as you can from the ad, that's a message Grimes is capable of carrying herself, unlike Mitch McConnell, who almost certainly will appear in far fewer of his ads than Grimes will in ...
Contrarian's case: Why U.S. could dip into recession 23.7.2014 San Jose Mercury News: Business
NEW YORK -- Just as the U.S. economy is strengthening, other countries are threatening to drag it down.
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Economist who predicted busted housing bubble says another recession is coming 23.7.2014 San Jose Mercury News: Local News
David Levy, who oversees the Levy Forecast, says the United States is likely to fall into a recession next year triggered by downturns in other countries, the first time in modern history.
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Allergan to slash workforce by 1,500 23.7.2014 LA Times: Opinion
Botox maker Allergan Inc. said Monday that it will cut 1,500 employees, most of them in Southern California, in a cost-cutting effort the Irvine company hopes will help it fight off a hostile takeover bid by a Canadian rival.
They're keeping kids in kennels 22.7.2014 Daily Kos
Two refugee girls sleep in a holding cell, as the children are separated by age group and gender, as hundreds of mostly Central American immigrant children are processed and held at the U.S. Customs and Border Protection. Fucking animals—the border enforcement people, literally putting kids in kennels, conservatives foaming at the mouth at the presence of desperate children, and the Obama Administration, trying to make it easier to deport these kids. Just think how desperate you have to be to send your children off on this dangerous journey north—it's a Sophie's Choice between near-guaranteed death at home at the hand of criminal gangs or drug cartels, or some chance of survival in the United States (or Costa Rica or Panama, which are also facing a refugee influx). These kids aren't looking for better economic opportunities or a better life, they are looking for life itself. And then, after their harrowing journey north, they get placed in kennels. Update: TexMex in the comments links to the Amazon ...
Second Obamacare ruling of day upholds subsidies in federal exchanges 22.7.2014 Daily Kos
Well, that didn't last long—roughly two hours after a D.C. circuit court panel ruled that Obamacare does not allow subsidies in federally-run exchanges, a panel in the Fourth Circuit Court of Appeals, located in Virginia, has unanimously ruled that Obamacare does allow such subsidies. If you're keeping score at home, that means three courts have ruled that Obamacare does allow subsidies in federally-run exchanges and one has not. 9:40 AM PT : I love this—shortly before the new ruling came out, House Speaker John Boehner celebrated the day's first ruling with a statement saying : Today’s ruling is also further proof that President Obama’s health care law is completely unworkable.  It cannot be fixed. Nice try, John. Better luck next time. 9:58 AM PT : From the opinion : What they may not do is rely on our help to deny to millions of Americans desperately - needed health insurance through a tortured, nonsensical construction of a federal statute whose manifest purpose, as revealed by the wholeness and ...
Not a surprise: Predictions of Obamacare premium spikes were wrong 22.7.2014 Daily Kos
Do Republican "experts" on these things ever tire of being wrong? No, Obamacare has not led to massive premium spikes . Nearly 20 states have released preliminary information about premiums for insurance policies sold on their insurance exchanges, and the nightmare scenarios have not come to pass. In most of those states, the average increase across all exchange plans is in the single digits. [...] Larry Levitt, vice president for special initiatives at the Kaiser Family Foundation, said he's surprised by the variation in proposed changes but that on average, premiums are working out to about what he expected: hikes of 7 percent to 8 percent in most places. Rises of 7 or 8 percent per year are still nothing to sneeze at, but in the years before Obamacare took effect, I would have been giddy to have our family's yearly premium increases rise by only 7 or 8 percent instead of the more typical double or triple that. In any event, all the people claiming that premiums are skyrocketing have been proven wrong, ...
U.S. job-training review emphasizes data, employers 22.7.2014 Salt Lake Tribune
Washington • As the U.S. economy adds new jobs, Americans must have the skills to fill those jobs, President Barack Obama said Tuesday. Obama spoke at a signing ceremony for bipartisan job-training legislation aimed at improving business engagement and accountability in federally funded programs. Obama said it will give states and cities more flexibility in managing their job-training programs. The White House used the occasion to release a six-month review of federal job-training programs. The ...
Heber named among Top 10 small U.S. towns 22.7.2014 Salt Lake Tribune
Heber City was named Tuesday as one of the nation’s Top 10 small towns in which to live. The Wasatch County city popped up at No. 8 on’s list, behind Los Alamos, N.M.; Northfield, Minn.; Lebanon, N.H.; Hood River, Ore.; Port Angeles, Wash.; Glenwood Springs, Colo.; and Spearfish, S.D. Heber (population 13,000) finished just ahead of Traverse City, Mich., and Hailey, Idaho. Heber’s “low crime rate, good schools and excellent health-care system attract families to the area and help...
If other countries sneeze, will US catch a cold? An expert's case for US recession next year 22.7.2014 Star Tribune: Business
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Contrarian's case: Why US could dip into recession 22.7.2014 AP Business
NEW YORK (AP) -- Just as the U.S. economy is strengthening, other countries are threatening to drag it down....
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GovBeat: Pennsylvania’s debt downgraded by second rating agency 22.7.2014 Washington Post: Politics
Credit rating agency Moody’s Investors Service on Monday said it was downgrading Pennsylvania’s debt over concerns with the way the Commonwealth pays its bills. In an update to investors, Moody’s said it would rate the $11.1 billion in general obligation bonds issued by Pennsylvania from Aa2 to Aa3, putting it on par with states like California, Arizona and ...
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Federal court panel votes to defund Obamacare, but ruling isn't the last word 22.7.2014 NewsTrust Yahoo Pipes Feed
As expected, a three-judge panel on the D.C. Circuit Court of Appeals has voted by a two-to-one margin to defund Obamacare in states which did not set up their own health insurance exchanges. At issue is whether Obamacare allows subsidies in federally-established exchanges. According to the plaintiffs in Halbig v. Burwell, Obamacare does not allow subsides in federally-established exchanges because the provision authorizing subsidies on exchanges defines subsidies as entities "established by the state" in which the exchange operates. The ruling is an absurdly narrow interpretation of the law, and will be immediately appealed to the full circuit court. If it were to be upheld, it would essentially destroy Obamacare in most of the country, but based on the merits of the case, it should overturned when it goes before the full court. Even if it isn't overturned, the case could still be appealed to the Supreme Court, so while the anti-Obamacare ruling might make for a banner day for Fox News, there's nothing ...
They want a baby. The economy won’t play along. 22.7.2014 Washington Post

FENTON, Mo. — Her husband gets home close to 4 p.m., first day in 20 he’s been back on the job as an electrician. He walks through the house, past the outlets with safety covers, the gated basement stairs, a bookcase bracketed to the wall — babyproofing measures they took a few years ago in still-simmering anticipation. The house is quiet. Just Rick Myrick and his wife. He kisses her hello. Then he checks to see how many hours he’s worked this year: 130 in four months. Not nearly enough. Not if they ever hope to start a family.

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What 2014 is all about. You decide. 22.7.2014 Washington Post: Politics
What is this election year about? Is it jobs and the economy? Immigration and the border crisis? Obamacare? Women’s health issues? The VA scandal? The minimum wage? A world in turmoil? The image of House Republicans? Anger toward Washington? ...
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US consumer prices up 0.3 percent in June, reflecting biggest jump in gasoline in 12 months 22.7.2014 Star Tribune: Business
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Consumer prices rose 0.3% in June on big jump in gas costs 22.7.2014 LA Times: Top News
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US consumer prices up 0.3 percent in June 22.7.2014 Business
WASHINGTON (AP) — U.S. consumer prices rose in June at a slightly slower pace than in May with two-thirds of the June advance driven by the largest jump in gasoline prices in a year.
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Cartoon: 1-800-GOON-SQUAD 22.7.2014 Daily Kos

(Click to enlarge)

Follow Jen on Twitter at @JenSorensen

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