User: newstrust Topic: Personal Finance
Category: Unemployment
Last updated: May 03 2016 07:06 IST RSS 2.0
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For college grads, a job is the bonus — but hitches are included 3.5.2016 Washington Post
Job prospects for college seniors about to graduate are looking up this year following an overall hiring boom, but lackluster wages and the burden of student debt might make new hires feel as though they are still at a disadvantage.
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Rising confidence in California's economy is a challenge for GOP presidential candidates 2.5.2016 LA Times: Nation

The Republican candidates for president have campaigned all over the country lamenting the rough recovery from the recession and condemning President Obama — and by extension Democratic front-runner Hillary Clinton — as failures when it comes to jobs and the nation's well-being.

Then they come...

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In 2 Indiana Cities, All That Trump And Obama Touched Isn't Political Gold 2.5.2016 NPR News
Gary has seen economic investment from Donald Trump, and Kokomo benefited from President Obama's auto bailout. But those connections haven't necessarily led to political goodwill.
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Puerto Rico’s debt crisis explained 2.5.2016 Hindu: News
Puerto Rico’s debt crisis has reached a new level, with the island’s governor saying Puerto Rico will not pay most of its $470 million in debt payments due by Monday.
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New York Times Lets Obama Play Heroic Savior of U.S. Economy on Sunday Mag Cover 2.5.2016 NewsBusters
As his final term wanes, the New York Times is making excuses for the economy’s performance under President Obama, with the president himself guiding the way. Economics reporter Andrew Ross Sorkin’s interview of Obama for the cover of the Times Sunday magazine dug in in defense of Obama. The subhead: “Eight years after the financial crisis, unemployment is at 5 percent, deficits are down and G.D.P. is growing. Why do so many voters feel left behind? The president has a theory.” And Sorkin let him unfold the tale without journalistic pushback. And reporter Mark Landler gushed of Obama's self-defense: "Many historians ...
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Q&A: Puerto Rico's debt crisis explained 2.5.2016 AP Business
NEW YORK (AP) -- Puerto Rico's governor said Sunday that the island's government will not pay most of its $470 million in debt payments that are due by Monday, citing failed last-minute negotiations with its creditors to avoid a third default....
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Eurozone economy picks up, reaches 2008 size 29.4.2016 Salt Lake Tribune
London • It’s been a long and tortuous journey, but the eurozone economy is finally back to the size it was before the global financial crisis. Official figures released Friday show that the eurozone, which as a bloc is the world’s second-largest economy, accelerated unexpectedly at the start of the year to bring it back to the level it was before the recessions of the past eight years. Eurostat, the European Union’s statistics agency, said the 19-country currency bloc expanded by a quarterly ra...
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Aiming for new empowerment of black women 28.4.2016 Daily Kos
Three Democratic congresswomen have teamed up in a new effort to help African-American women overcome economic and social barriers. Rep. Robin Kelly (D-IL), Rep. Yvette D. Clarke (D-NY), and Rep. Bonnie Watson Coleman (D-NJ) have launched the Congressional Caucus on Black Women and Girls, the first caucus devoted to public policy that eliminates the significant hurdles and disparities faced by black women. The three hope that the new caucus gives the same attention to black women that President Obama’s My Brother's Keeper initiative has given to black men and boys. The caucus is an outgrowth of a petition from the #SheWoke Committee, a group of seven women asking congressional leaders to find ways to improve the lives of black women. That committee includes Ifeoma Ike, the co-founder of Black and Brown People Vote; philanthropic strategist Nakisha Lewis; and Sharon Cooper, sister of Sandra Bland, the Illinois woman who died in police custody in Texas after being stopped for a traffic ...
UK growth slows to 0.4%; Greek debt crisis flares up – live updates 27.4.2016 The Guardian -- Front Page
4.47pm BST More on Greece: Tsipras & @eucopresident to speak again Thurs after today's call, says Greek PM's office. Tsipras wants EZ summit if no €group in next days 4.39pm ...
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Best and worst of times: Rio Olympic countdown hits 100 days 27.4.2016 Washington Post: World
Two years ago, the Australian IOC member John Coates called the preparations for the Rio de Janeiro Olympics “the worst” in recent memory.
Best and worst of times: Rio Olympic countdown hits 100 days 27.4.2016 AP Top News
RIO DE JANEIRO (AP) -- Two years ago, the Australian IOC member John Coates called the preparations for the Rio de Janeiro Olympics "the worst" in recent memory....
GOP Presidential Candidate John Kasich Isn't a "Moderate" 19.4.2016 Truthout - All Articles
On the eve of the New York primary, the perseverance of Ohio Gov. John Kasich in the seemingly two-way race between Ted Cruz and Donald Trump -- and his national reputation as the most moderate of the candidates remaining on the Republican ticket -- continue to shock those of us most acquainted with his policies and his unwavering commitment to the worst of conservative dogma. While he has long been a marginal contender in the sea of Republican candidates to have come and gone this year, his decision to remain in the race seemed vindicated by his victory in his home state primary last month. This victory comes despite Kasich's attacks on the most vulnerable in Ohio, such as his attempts to bust public unions and defund Planned Parenthood. With Florida Sen. Marco Rubio out of the race, the narrative of Kasich as the lone remaining holdout for a more compassionate, more moderate Republican Party has taken national stage. In Ohio, Kasich's policies have been anything but compassionate, and buying into his ...
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Trade Matters In 2016; This May Help You Understand Why 18.4.2016 NPR News
Candidates vying for president are talking a lot about trade. But trade is not a subject easily summed up in slogans. Here are resources to help you study up on trade and make your own decisions.
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Kazakhstan's mental health crisis: 'as men we can't seek help' 18.4.2016 The Guardian -- World Latest

As the economy plummets professionals say an ‘unprecedented’ number of male clients are breaking taboos to seek support. The IWPR reports

Mental health professionals in Kazakhstan are reporting a surge in the number of male clients seeking help as a result of the country’s financial crisis.

Psychologists say the economic downturn has proven particularly traumatic for men who are under significant pressure to provide for their families in what is still a heavily patriarchal society.

Continue reading...
Olympic venues nearly ready for TV; big worries elsewhere 11.4.2016 AP Top News
RIO DE JANEIRO (AP) -- Olympic inspectors are taking their final look this week at Rio de Janeiro's preparations....
With Pirates on the Horizon, Iceland's Government May Not Survive the Panama Papers 7.4.2016 Truthout - All Articles
The release of the Panama Papers will have a huge impact around the world. But Iceland deserves some particular attention. According to documents leaked from Panamanian law firm Mossack Fonseca, several Icelandic politicians, former bankers and government advisers have had links to anonymous offshore companies. Among them, are three members of the Icelandic government: the prime minister, Sigmundur Davíð Gunnlaugsson, the finance minister, Bjarni Benediktsson and the interior minister, Ólöf Nordal. The public reaction has been rapid and vehement . Within hours of the revelations, protests were being planned. Off the back of these accusations, these three politicians face the potential collapse of their right-wing coalition government. Gunnlaugsson has stepped aside , but seems to be denying that this amounts to a resignation. Turbulent times The Icelandic political landscape has changed drastically since October 2008, when the North Atlantic island was hit by the global recession. Back then, three of ...
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IMF calls for labour market reform to boost jobs 6.4.2016 The Guardian -- Front Page
Reforms include higher public spending to help the jobless find work, cutting benefits to encourage the jobless to take low-paid work and cutting taxes The protracted weakness of the global economy has highlighted the need for lower taxes on employment and higher public spending to get the unemployed back into work, the International Monetary Fund has said. Expressing concern about sluggish growth in the west since the 2008-09 downturn, the Washington-based IMF said it was time for ultra-low interest rates and quantitative easing to be accompanied by a range of structural ...
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Obama’s Numbers April 2016 Update 6.4.2016 FactCheck
Trade deficit and illegal immigration are down; real weekly earnings and federal debt are up. Our quarterly update of Obama's scorecard.
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California's economy expected to outpace that of U.S. this year 6.4.2016 LA Times: Commentary

California's economy will grow faster this year than the national economy, and unemployment will drop to 5% in early 2017, according to a new report by the UCLA Anderson Forecast.

Personal income in California will increase more slowly than it has in recent years, when the state's economy was bouncing...

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Wages are imperfect window into labor mark health 5.4.2016 Salt Lake Tribune
The true strength of the American labor market may be disguised. Wage growth -- described as slow and unconvincing by Federal Reserve officials plotting their path to higher interest rates -- is more robust by some measures than commonly acknowledged due to changes in the composition of the workforce. With unemployment close to the lowest in eight years, accelerating pay gains would force Fed Chair Janet Yellen to step up her gradual approach to lifting borrowing costs if inflation starts to ris...
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