User: newstrust Topic: Personal Finance
Category: Unemployment
Last updated: Oct 30 2014 02:28 IST RSS 2.0
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Bidding Farewell To The Federal Reserve’s Giant Experiment With Quantitative Easing 30.10.2014 Think Progres

The Federal Reserve is ending the experimental $3.4 trillion bond-buying program known as quantitative easing. What did it achieve?

The post Bidding Farewell To The Federal Reserve’s Giant Experiment With Quantitative Easing appeared first on ThinkProgress.

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Explosion in wealth inequality needs urgent plan of action, says Oxfam 29.10.2014 The Guardian -- Front Page
Report by charity contrasts devastating effects of deep recession alongside wealth of richest elite increasing by $0.5m a minute

The development charity Oxfam is calling for a seven-point plan to tackle the explosion in inequality after reporting that the worlds richest people have been left untouched by austerity and are seeing their wealth increase by half a million dollars every minute.

In a new report, Oxfam said that the number of billionaires doubled between 2009 and 2014 - a period in which many countries suffered deep recession, rising unemployment, welfare cuts and falling real incomes.

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US consumer confidence jumps to 7-year high; job gains feed hopes for growth 28.10.2014 Star Tribune: Business
Non-Profits Sue To Block New Mexico Governor From Kicking 80,000 People Off Food Stamps 28.10.2014 Think Progres

New Mexico Gov. Susana Martinez (R) is reinstating work requirements for food stamps before the federal government says she has to, and groups in the state are hoping a judge will block the move and spare 80,000 people from the change.

The post Non-Profits Sue To Block New Mexico Governor From Kicking 80,000 People Off Food Stamps appeared first on ThinkProgress.

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As economy improves, L.A. and O.C. rise in traffic congestion rankings 28.10.2014 LA Times: Opinion
Several years ago, it looked as if the Los Angeles-Orange county area had finally shaken its reputation as the king of congestion.
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The 11 top lies of Mitch 'Myth' McConnell 26.10.2014 Daily Kos
With Senate Minority Leader Mitch McConnell facing a tough re-election battle back home in Kentucky, Washington Post columnist and Fox News regular George Will rushed to the defense of his fellow human-turtle hybrid. Returning the 30-year veteran to Capitol Hill, Will proclaimed, is about nothing less than the "restoration of the Senate's dignity." Will's warning would be hilarious if it weren't so grotesque. Mitch McConnell, after all, is the man most responsible for the GOP's unprecedented obstructionism during President Obama's tenure. Under his leadership, Senate Republicans shattered the record for filibusters and blocked Obama's judicial and executive branch nominees at rates unimaginable before 2009. Nevertheless, the same Mitch McConnell who on November 4, 2010, declared, "The single most important thing we want to achieve is for President Obama to be a one-term president," less than a year later complained about Democrats' "storyline" that "there must be some villain out there who's keeping this ...
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Protesters march in Rome against government plans to make firing easier, snarling traffic 25.10.2014 Star Tribune: World
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US stocks rise sharply following strong earnings from 3M, Caterpillar, others 24.10.2014 Star Tribune: Business
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Fake ‘Progressive’ Group Pits Blacks Against Immigrants In Nasty TV Ad 23.10.2014 Think Progres

This group wants African Americans to think that immigration reform will take their jobs away.

The post Fake ‘Progressive’ Group Pits Blacks Against Immigrants In Nasty TV Ad appeared first on ThinkProgress.

European authorities aim to purge weak banks 23.10.2014 AP Business
FRANKFURT, Germany (AP) -- Europe's biggest banks are facing a day of judgment as the European Central Bank prepares to unveil the results of a yearlong search through the dark corners of their finances....
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Strong growth is forecast for Inland Empire 23.10.2014 LA Times: Business
It was among the nation's hardest-hit local economies during the Great Recession, beset by staggering numbers of foreclosures and one of the highest jobless rates in California.
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Jobless claims jump, but one-month average lowest since 2000 23.10.2014 LA Times: Top News
Applications for US unemployment aid rise to 283,000, though remain near 14-year low 23.10.2014 Star Tribune: Politics
John Hickenlooper: Building on a strong foundation 23.10.2014 Steamboat Pilot
Only four years ago, the state budget was hamstrung by a $1 billion deficit, and only 2 percent of our general fund went into emergency reserve. When it came to job growth, Colorado ranked 40th in the nation, and the idea of political consensus at the Capitol seemed a futile pursuit. Now, our state budget has a surplus, with 6.5 percent in our emergency reserve. When it comes to job growth, we have gone from 40th to fourth in the nation. One respected analysis rates Colorado the No. 1 fastest-growing economy in the nation. Our statewide economy has generated 210,000 new jobs. As far as political consensus, our past four state budgets have been balanced and passed with bipartisan support. Despite devastating fires and a historic flood — despite 13 federally declared disasters — we have not merely survived; overall, our state has thrived. Statewide unemployment is down from a Great Recession high of 9.1 percent to 4.7 percent. The results are even better in Routt County, where unemployment is down to 3 ...
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Combatting long-term unemployment with federal money 23.10.2014 SFGate: Business & Technology
Jewish Vocational Services in San Francisco and Nova Workforce and Development in Sunnyvale are among the recipients of grants aimed at addressing what U.S. Labor Secretary Thomas Perez, in a statement, called long-term unemployment (out of work for 27 weeks or more) one of the most unfinished pieces left over from the recession. JVS received $6.3 million “to develop a training model built on in-demand technology skills, skills demonstrations, networking and deep employer engagement,” according to the White House, which announced the $170 million nationwide program last week. Nova will use its $5.3 million to augment its job training and counseling programs and work with local workforce investment boards and business partners, including the Bay Area Council and the Silicon Valley Leadership Group — “sharing best practices for the long-term unemployed, with an emphasis on tech training, especially information technology,” said Jeanette Langdell, employment training manager at Nova. Snay said the aim is ...
Athens v Munich: why homelessness hits rich cities as hard as poor ones 21.10.2014 The Guardian -- Front Page

In Athens, its caused by an economy in crisis; in Munich, by an economy thats booming. The result, though, is the same a worsening homeless problem that doesnt reflect a citys wealth

One is plush, pampered and unmistakably prosperous, the third-largest city of Europes mightiest economy a place of wide, well-swept streets, ample, well-groomed parks and solid, well-kept apartment buildings.

Munich is home to just under 1.5 million people and such giants of German industry as luxury carmaker BMW, electronics heavyweight Siemens, truck manufacturer MAN and insurance titan Allianz. This summer, unemployment in the city stood at a fraction over 3%, the lowest of any major German city. It is, plainly, a fine place to live: last year, the lifestyle magazine Monocle ranked Munich the worlds most liveable city, with the highest quality of life.

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Indiana Plans To Cut Thousands Off Food Stamps By Reinstating Work Requirements 20.10.2014 Think Progres

Gov. Mike Pence (R) is moving to tighten the rules for food stamps even though federal officials say the Indiana economy is still too fragile to justify it.

The post Indiana Plans To Cut Thousands Off Food Stamps By Reinstating Work Requirements appeared first on ThinkProgress.

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Why did Britains political class buy into the Tories economic fairytale? | Ha-Joon Chang 19.10.2014 Guardian: Comment is Free
Falling wages, savage cuts and sham employment expose the recovery as bogus. Without a new vision were heading for social conflict The UK economy has been in difficulty since the 2008 financial crisis . Tough spending decisions have been needed to put it on the path to recovery because of the huge budget deficit left behind by the last irresponsible Labour government, showering its supporters with social benefit spending. Thanks to the coalition holding its nerve amid the clamour against cuts, the economy has finally recovered. True, wages have yet to make up the lost ground , but it is at least a job-rich recovery, allowing people to stand on their own feet rather than relying on state handouts. That is the Conservative partys narrative on the UK economy , and a large proportion of the British voting public has bought into it. They say they trust the Conservatives more than Labour by a big margin when it comes to economic management . And its not just the voting public. Even the Labour party has come to ...
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As Gov. Rick Scott cites Florida's economic recovery, many in Sunshine State feel left behind 19.10.2014 Star Tribune: Politics
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Economic malaise clouds Florida governor's race 19.10.2014 AP Business
LAKELAND, Fla. (AP) -- By many measures, Republican Rick Scott should have a strong case for a second term as governor....
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