User: newstrust Topic: Personal Finance
Category: Unemployment
Last updated: Aug 31 2015 16:53 IST RSS 2.0
 
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Economy boosts Portuguese government's re-election bid 31.8.2015 AP Business
LISBON, Portugal (AP) -- Economic news is continuing to give heart to Portugal's center-right government as it aims for re-election in October....
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What the US economy really needs next 31.8.2015 BBC: Business
The US catches a cold?
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Brazil Officially in Recession 30.8.2015 Outside the Beltway
The economic news has been poor in Brazil for a while now, and with the release of new GDP figures the country is officially in recession, the BBC reports: Brazil has entered recession after official figures showed the country’s economy contracted by 1.9% between April and June compared with the previous three months. Analysts had […]
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Calm on Wall Street: A turbulent week ends on a placid note 29.8.2015 Chicago Tribune: Nation
Calm on Wall Street: A turbulent week ends on a placid note
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6 Pieces of Wisdom For Making Personnel Decisions In Tough Times 29.8.2015 Inc
6 Pieces of Wisdom For Making Personnel Decisions In Tough Times
Layoffs could spell more trouble for Illinois 28.8.2015 Chicago Tribune: Business
This may be remembered as the Summer of the Pink Slip in Illinois, which already lags behind its Midwestern neighbors when it comes to job ...
Brazil's economy enters recession 28.8.2015 BBC: Business
Brazil enters recession, as official figures show the country's economy contracted by 1.9% between April and June, compared with the previous three months.
VIDEO: Testing times for Brazil's economy 28.8.2015 BBC: Business
Brazil is Latin America's biggest economy but the country faces a troubling slump, with inflation close to 10% and unemployment rising steadily.
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Is austerity saving or sinking Brazil? 28.8.2015 BBC: Business
Is austerity is helping or hurting?
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Second Quarter G.D.P. Revision Shows Strong Growth, But Future Weakness Seems Likely 27.8.2015 Outside the Beltway
Today's revision of Second Quarter G.D.P. growth was good news, but it doesn't seem likely to last.
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Do Black Lives Matter to the Federal Reserve? 27.8.2015 American Prospect
Center for Popular Democracy A Fed Up rally in San Francisco on March 5, 2015.  This week, Dawn O’Neil has traveled from her home in south DeKalb County, Georgia, to the Federal Reserve’s annual symposium in Jackson Hole, Wyoming, with a simple message for Fed leaders: Don’t raise interest rates. The 48-year-old teacher’s assistant and mother of four wants Fed governors to know that her community is far from recovered and that raising interest rates too soon could be disastrous.   O’Neil is one of dozens of activists and policy experts traveling to Jackson Hole this week to urge the Fed against raising rates. The campaign, called Fed Up, includes some two-dozen unions, community groups, and think tanks, from the AFL-CIO to the Working Families Party. In Jackson Hole, organizers will deliver a petition demanding that the Fed rethink its plan to raise interest rates until the recovery can reach more Americans. Fed Up also plans to hold a series of teach-ins exploring questions like “How Do We Build a Fed ...
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China's migrant workers head home as Beijing faces an economic storm 27.8.2015 The Guardian -- World Latest

Labour disputes are rising and some workers are abandoning cities for the country amid fears a crashing economy could cause political and social unrest

Liu Weiqin swapped rural poverty for life on the dusty fringes of China’s capital eight years ago hoping – like millions of other migrants – for a better future.

On Thursday she will board a bus with her two young children and abandon her adopted home.

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Bonuses return close to pre-recession peak on back of UK economic recovery 26.8.2015 The Guardian -- Front Page

Office for National Statistics says payments rose by 2.7% in 2014-15 to £42.4bn, putting the total figure 0.1% below the record reached in 2007-08

Britain’s economic recovery has helped bonuses return to within a whisker of their pre-recession peak, according to official data.

The Office for National Statistics said that salary top-ups rose by 2.7% in 2014-15 to £42.4bn, despite less generous payouts in the City.

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Here's Another Way the Recession Screwed Over Black Women 26.8.2015 Mother Jones
During the Great Recession, the government laid off a striking number of black women, a new study shows. For a report released Monday, Jennifer Laird , a sociologist at the University of Washington, examined changes in government unemployment before, during, and after the recession. She found that women in the public sector were more likely than their male counterparts to be unemployed after the recession ended in 2009. And, as the graphs below show, black women were especially vulnerable to layoffs: The unemployment gap between white and black women increased nearly sixfold from 2008 to 2011. Black women were more likely than any other type of public-sector worker to become unemployed, concluded Laird, who examined data from the Current Population Survey , the official source for the US monthly unemployment rate. And "once unemployed, they are the least likely to find private sector employment and the most likely to make a full exit from the labor force," she wrote. Laird's findings are particularly ...
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Despite stock fall, financial health of many is still solid 26.8.2015 AP Business
WASHINGTON (AP) -- Many Americans have just absorbed a financial beating - at least as measured by their stock holdings. It's the kind of blow that can feed a sense of helplessness about retirement, college savings and higher-than-expected bills....
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The Federal Reserve Board and the War for Poverty 24.8.2015 Truthout - All Articles
The effect of raising interest rates is to discourage people from buying cars and houses, companies from investing and governments from improving and expanding infrastructure. This means less growth, fewer jobs and higher unemployment. Do you want to see more stories like this published? Click here to help Truthout continue doing this work! There has been much talk in recent years about inequality and the poor life chances of children who grow up in poverty. Even many conservative Republicans have been putting forward proposals that are ostensibly designed to give people the opportunity to raise themselves out of poverty and into the middle class and beyond. While the usefulness of the various proposals for combatting poverty can be debated, the stated intention is increasing the income and opportunities for those at the bottom. This stands in sharp contrast to what the Federal Reserve Board seems prepared to do this fall. It plans to implement policies, specifically higher interest rates, which will ...
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Blacks hit hardest by recession in US 24.8.2015 New Kerala: World News
Washington, Aug 24 : The job cuts in the US during the recession disproportionately hurt African-American workers and increased racial disparity in the public sector, a University of Washington study said.
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Donald Trump's ridiculousness mucks up crucial national discussions we need to be having 22.8.2015 Daily Kos
I know how to produce more jobs. Pay people less. One thing in the boatload of irksomeness that is Donald Trump is that he makes such ridiculous statements about important issues that the in-depth national discussion of them that we should be having is drowned out by the inevitable and wholly understandable guffaws and head shaking about his overall wackadoodliness. That's the case with Trump's claim in an interview with Time that unemployment isn't 5.3 percent but actually 42 percent: Don’t forget in the meantime we have a real unemployment rate that’s probably 21%. It’s not 6. I’s not 5.2 and 5.5. Our real unemployment rate–in fact, I saw a chart the other day, our real unemployment–because you have ninety million people that aren’t working. Ninety-three million to be exact. If you start adding it up, our real unemployment rate is 42%. Beneath the stupidity of this calculation is a matter of real concern. The nation's official gauges of unemployment and underemployment don't truly measure the ...
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Business News Roundup, Aug. 21 21.8.2015 SFGate: Business & Technology
Federal and New York regulators have sued two companies that make loans against retirees’ pensions, saying they deceived borrowers about the high rates of the loans. Regulators say that the companies, Pension Funding LLC and Pension Income LLC, used deceptive marketing tactics to go after the pensions of seniors and military personnel. The U.S. Consumer Financial Protection Bureau and New York’s Department of Financial Services filed the lawsuit against the companies in federal court in Santa Ana. The business of pension advance loans, which grew during the recession, has been under scrutiny by regulators for years. Preying on seniors hit hard during the economic downturn, the schemes can drive retirees deeper into debt, regulators say. “We are working to put a stop to the illegal practices these companies are using to sell their bogus product to military veterans and other pensioners,” bureau Director Richard Cordray said in a statement. Gap is keeping its fiscal-year profit forecast unchanged ...
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Fact check: Is it Obama's fault that poverty has grown? 17.8.2015 Minnesota Public Radio: Politics
Jeb Bush is (mostly) right when he says the number of people in poverty increased by 6 million under Obama. But that statistic is more complicated than you might think.
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