User: newstrust Topic: Personal Finance
Category: Unemployment
Last updated: Jan 27 2015 24:40 IST RSS 2.0
 
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Ohio Gov. Kasich Pushes For Dangerous Balanced Budget Amendment 26.1.2015 Crooks Liars
Surprise, surprise. Ohio Gov. John Kasich ( R-Revolving Door Wall Street ) made an appearance on this weekend's Fox News Sunday, sounding the alarms that we had better pass a balanced budget amendment to the constitution or we're all gonna' die! And he really doesn't want the capital gains tax raised. That might harm those "job creators." Host Chris Wallace even asked Kasich about some of the warnings we've heard about the proposal , and Kasich just blew them off and claimed the Congress could make exceptions for unusual ...
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Why Rand Paul Is Wrong About Social Security Disability 26.1.2015 Truthout.com
Senator Rand Paul of Kentucky speaking at the 2014 Conservative Political Action Conference (CPAC). Contrary to analysis, Paul has insisted that half the people getting Social Security disability are only suffering from back aches and occasional anxieties faced by all workers. (Photo: Gage Skidmore ) Want to challenge injustice and make real change happen? That's Truthout's goal - support our work with a donation today! The Republican Congress decided to make overhauling the Social Security disability program one of its first orders of business. On the first day of the new session it put in place a rule change that would make it difficult to address the shortfall the program is projected to face some time next year. Republican leaders like Kentucky Sen. Rand Paul justified this change by insisting that half the people getting disability had the sort of back aches and occasional anxieties that we all face. The difference is that they get checks from the government rather than working. For this reason, ...
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Minnesota economy beats Wisconsin: 7 charts, 1 table 26.1.2015 Minnesota Public Radio: News
Minnesota's economy outperforms Wisconsin's economy. It's been that way for years. Those trends have accelerated since the end of the Great Recession.
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WorldViews: How Greece’s triumphant leftists want to change Europe 26.1.2015 Washington Post: World
Greece's likely new prime minister, the charismatic Alexis Tsipras, has been described as a "fiery" politician, a "dangerous ideologue," and even a "serial killer" -- a wily operative who ruthlessly elbowed his way to the top. His Syriza party has been cast as a radical, anti-establishment outfit, whose stubborn socialist agenda may plunge Europe into crisis.Read full article ...
How Bernie Sanders, In New Role, Could Make Wall Streeters Very, Very Unhappy 26.1.2015 American Prospect
  (Photo By Bill Clark/CQ Roll Call) (CQ Roll Call via AP Images) Senate Budget Committee ranking member Senator Bernie Sanders, independent of Vermont, holds a news conference on the budget on Friday, January 16, 2015.  Big banks now have to contend with an old enemy in a new position of power. Bernie Sanders, the United States senator from Vermont, plans on using his new position as ranking member of the Senate Budget Committee to take on too-big-to-fail financial institutions by advocating for their dissolution. Though a registered independent, Sanders caucuses with the Democrats, allowing him to assume the ranking member role representing the minority party. While normally the domain of the Senate Banking Committee, the oversight of Wall Street, Sanders and his staff believe, is a critical budgetary issue. Democrats need to directly challenge Wall Street’s power, they assert, by boldly reframing the argument against the consolidation of financial institutions in terms of its cost to the national ...
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Robert Samuelson: The economy’s Achilles’ heel 26.1.2015 Washington Post: Op-Eds
President Obama has declared the economic crisis over — and for the United States, maybe it seems that way. But for most other countries, not so much. Their recoveries are faltering. The obvious question is whether the global weakness will infect the U.S. expansion. This is a crucial footnote to Obama’s optimism.Read full article ...
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Selling Your Business? Be Aware of These Seller Financing Considerations In 2015 24.1.2015 Inc
Small business owners hoping to sell their business in 2015 should consider a few key items if they plan to offer buyers a financing ...
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Here are 5 things Europe's struggling economy needs to follow the ECB's plan to revive growth 23.1.2015 Star Tribune: Politics
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ECB has done its part. Now, these 5 things need to happen 23.1.2015 AP Business
WASHINGTON (AP) -- What now?...
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Europe’s central bank tries a Federal Reserve tactic to quell an economic crisis 23.1.2015 Washington Post
Europe’s central bank is making its boldest attempt yet to revive the continent’s struggling economy, in a major test of whether the euro zone can avoid a worsening crisis that threatens the prospects of its people for a generation.Read full article >>
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European Central Bank plans $1.3 trillion stimulus 23.1.2015 SFGate: Business & Technology
FRANKFURT, Germany — Europe’s ailing economy will get a major dose of stimulus from the European Central Bank — a bond buying program designed to make loans and exports cheaper so companies can hire and expand. Bank President Mario Draghi pledged Thursday to extend the bond buying if needed until the bank saw a significant upturn in the eurozone’s excessively low inflation, which threatens to become a downward spiral. Stocks rallied in Europe and the United States after the announcement, with the Dow Jones industrial average jumping 259 points, or 1.5 percent. The euro’s value, meanwhile, plunged nearly 2 percent against the dollar to its lowest level in 11 years in anticipation that the European bond purchases will drive down the currency. Fears have spread that the eurozone could face chronic falling prices, or deflation. Though low or falling inflation is often welcomed by shoppers, it reflects sluggish demand and can paralyze an already weak economy — a problem that has long afflicted Japan, the ...
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Democrats’ new faith 23.1.2015 Washington Post: Op-Eds
At long last, some tectonic plates of American politics have begun to move. The stagnation and decline of the incomes of the bottom 90 percent of Americans have finally shown up on the radar of our political class.Read full article ...
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ECB unleashes its most aggressive effort to revive economy 23.1.2015 AP Top News
FRANKFURT, Germany (AP) -- Europe's ailing economy will get a major dose of stimulus from the European Central Bank - a bond buying program designed to make loans and exports cheaper so companies can hire and expand....
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Hard-hit worker wonders where the economic resurgence is 22.1.2015 AP National
ST. PETERSBURG, Fla. (AP) -- Ask Joshua Thevenin - who since last month has been a newspaper salesman, fireworks vendor and telemarketer - what he thinks about assertions the economy is roaring toward recovery and you'll get a sigh and a shake of his head....
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The ECB takes out the bazooka: It’ll buy over 1 trillion euros of bonds to save Europe’s economy 22.1.2015 Ezra Klein
The European Central Bank announced it will begin buying government bonds with newly-printed euros in its latest bid to reverse the continent's long, slow slide into economic stagnation. Specifically, the ECB will buy €60 billion, or $69 billion, of assets a month -- including government, institutional, and private sector bonds -- and will do so until ...
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Setting the record straight on Reagan, Volcker and inflation 21.1.2015 Washington Post: Op-Eds
Last week, I wrote a column taking issue with Paul Krugman’s contention that President Ronald Reagan had little to do with the decisive crushing of double-digit inflation of the early 1980s. In Krugman’s telling, all the credit belongs to Paul Volcker, then chairman of the Federal Reserve Board. In my telling, both Volcker and Reagan counted. Volcker imposed tight money; Reagan’s support enabled him to maintain the painful and unpopular policy (the monthly unemployment rate peaked at 10.8 percent) long enough to purge inflationary psychology. Read full article ...
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In State of the Union, Obama Lays Out an Audacious Plan For US Businesses 21.1.2015 Wired Top Stories
In his sixth State of the Union address Tuesday night, President Barack Obama delivered a glowing review of the nation’s economy, saying that after years of war, financial crises, and high rates of joblessness, it’s finally time to “turn the ...
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Obama State Of The Union Seeks To 'Turn The Page' To A Brighter Chapter 21.1.2015 NPR News
Republicans find Obama galling, in part, because he seems so blithe in defying them. To them, the historical page that is being turned at this moment is the one with Obama's face on it.
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Greek elections – the Guardian briefing 21.1.2015 The Guardian -- World Latest

After five years of economic rout, Greeks are poised this weekend to reject EU-imposed austerity and vote for Syriza – a party opposed to the fiscal crackdown

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FACT CHECK: Obama claims credit for a recovery that isn't complete, oversells 'free' tuition 21.1.2015 Star Tribune: Politics
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