Finally we get some good news on the job front: The U.S. economy added 103,000 jobs in the final month of 2010 while the nation’s unemployment rate fell to 9.4%, the lowest level since May 2009, the Labor Department reported Friday. Payrolls for November and October were also revised higher by 70,000 jobs, the government […]
Including their deficit: This month the state’s part-time legislature goes back into session, and the state is starting at potentially a $25 billion deficit on a two-year budget of around $95 billion. That’s enormous. And there’s not much fat to cut. The whole budget is basically education and healthcare spending. Cutting everything else wouldn’t do […]
From a press release issued by Time Warner: “The recent news regarding the negotiations between Level 3 and Comcast has raised many questions about the way peering agreements are negotiated between Network Operators and has been inappropriately lumped into the issue of network neutrality. These agreements have been and continue to be negotiated based on […]
Comcast is at it again: Level 3 Communications Inc., an Internet backbone company that supports Netflix Inc.’s increasingly popular movie streaming service, complained Monday that cable giant Comcast Corp. is charging it an unfair fee for the right to send data to its subscribers. Comcast replied it is being swamped by a flood of data […]
The foreclosure scandal probe is now being investigate by all 50 states: Regulators from all 50 states are launching a coordinated investigation into possibly “deceptive” and “unfair” foreclosure practices that may have illegally evicted families from their homes. A bipartisan group of state attorneys general from 49 states and financial regulators from 39 states will […]
A lot of talk yesterday about the foreclosure scandal sweeping the nation. With calls mounting for Congress to intervene, we are starting to see bigger names in Washington coming out to protect the poor bankers. Here’s Eric Cantor coming to their defense yesterday: What we’re talking about, Debbie, you have 10 percent, if that, of […]
We hear it from Republicans all the time; “if a company has more money then they will hire”. It’s the basic premise they use to sell their plans for tax cuts. But the problem is that Republicans are dead wrong, and that is shown in this article: For months, companies have been sitting on the […]
As if this comes as any shocker: Corporate America finished the second quarter with “near-historic” profits, largely by cutting costs, laying off employees and streamlining operations, the Wall Street Journal reports. Profits for companies in the S&P 500 soared 38 percent from the same period last year, hitting $189 billion, the WSJ says, the sixth-highest […]
It has been a growing problem in this nation for decades and it continues to increase every year – income disparity: The income gap between the richest and poorest Americans grew last year to its widest amount on record as young adults and children in particular struggled to stay afloat in the recession. The top-earning […]
A very interesting op-ed in today’s LA Times starts with: Congress should let the Bush tax cuts expire for the wealthiest Americans and use the additional tax revenues that are generated to invest in infrastructure and research. Now you probably think this is some whack, socialistic liberal or something. Of course you would be wrong. […]