User: newstrust Topic: US Economy
Category: Housing
Last updated: Oct 19 2018 03:25 IST RSS 2.0
 
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Why stay during a hurricane? It's complicated 19.10.2018 Minnesota Public Radio: News
As rescues continue after Hurricane Michael, officials expressed frustration at people who didn't evacuate. But experts say people's decisions to stay are almost always carefully considered.
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Federal Budget Deficit Heads Back Up Under Republican Rule 18.10.2018 Outside the Beltway
Nearly two years into Republican control of Washington, the budget deficit is headed back up.
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Slavery was never abolished – it affects millions, and you may be funding it 18.10.2018 Raw Story

When we think of slavery, many of us think of historical or so-called “traditional forms” of slavery – and of the 12m people ripped from their West African homes and shipped across the Atlantic for a lifetime in the plantations of the Americas. But slavery is not just something that happened in the ...

The post Slavery was never abolished – it affects millions, and you may be funding it appeared first on Raw Story.

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How Sears Was Gutted By Its Own CEO 18.10.2018 American Prospect
(AP Photo/Gregory Bull, File) Sears CEO and Board Chairman Eddie Lampert, pictured in 2004, could make billions from Sears's bankruptcy. By now, Prospect readers probably know the basic story of the demise of Sears. The company that pioneered the 20th-century version of e-commerce—the catalog—did not succumb to 21st-century innovations like Amazon and Walmart. Rather, it was dismantled piece by piece by Eddie Lampert, the hedge fund titan (and former Yale roommate of Treasury Secretary Steven Mnuchin) who purchased it in 2005. Lampert and his hedge fund engaged in relentless financial engineering to suck out all the value from Sears and leave a desiccated husk, which now could face possible liquidation in bankruptcy. But just how much did Lampert vacuum out? That’s a surprisingly hard question to answer, if only because of the variety of schemes he employed. Lampert was at one point simultaneously Sears’s CEO, board chairman, transaction partner, landlord, and banker. (Upon the bankruptcy filing, he ...
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Mitch McConnell says Senate Republicans might revisit Obamacare repeal 18.10.2018 Raw Story

Republicans could try again to repeal Obamacare if they win enough seats in U.S. elections next month, Senate Republican Leader Mitch McConnell said on Wednesday, calling a failed 2017 push to repeal the healthcare law a “disappointment.” In a forecast of 2019 policy goals tempered by uncertainty ab...

The post Mitch McConnell says Senate Republicans might revisit Obamacare repeal appeared first on Raw Story.

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We've Seen This Movie Before: Mitch To Use GOP Deficit As Pretext To Cut Safety Net 17.10.2018 Crooks Liars
Remember the Republican mantra when they passed their massive tax cut bill? "It'll pay for itself!" The Magical Growth Formula so beloved of conservatives, the one with absolutely no proof? Here we go again. And as usual, the only possible remedy is cutting the programs on which so many Americans depend: Social Security, Medicare, and Medicaid. Media bobbleheads love this discussion, because eventually, they know they'll get to scold Democrats for their stubborn refusal to throw poor people on the scrap heap. Here's Mika: "According to Senate Majority Leader Mitch McConnell, if you're trying to blame the Republicans for the booming deficit, look elsewhere. He explained to Bloomberg News, it's disappointing but it's not a Republican problem, it's a bipartisan problem, unwillingness to address the real drivers of the debt by doing anything to adjust those programs to the demographics in America in the future. The federal deficit ballooned by 17% to 779 billion in President Trump's first full fiscal year in ...
WATCH: CNN’s Jake Tapper fact-checks Trump’s economic advisor over the actual state of the economy 17.10.2018 Raw Story

On Tuesday, CNN’s Jake Tapper fact-checked Trump’s economic advisor Stephen Moore after he claimed nothing was wrong with the U.S. economy. “The big story in this Congressional Budget Office report is that just in the last nine months since the tax cut was passed, the CBO has incre...

The post WATCH: CNN’s Jake Tapper fact-checks Trump’s economic advisor over the actual state of the economy appeared first on Raw Story.

Minnesota voter guide: Where the 5th District candidates stand on the issues 16.10.2018 Minnesota Public Radio: News
Ilhan Omar and Jennifer Zielinski are after the 5th District's open seat in Congress now that Keith Ellison has decided to step down and run for Minnesota attorney general.
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Federal deficit jumps 17 percent as tax cuts eat into government revenue 16.10.2018 Minnesota Public Radio: News
The federal deficit ballooned to $779 billion in the fiscal year just ended — a remarkable tide of red ink for a country not mired in recession or war.
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David Cay Johnston tells CNN how Jared Kushner has avoided paying millions in income taxes for nearly a decade 15.10.2018 Raw Story

Investigative reporter David Cay Johnston told CNN that Jared Kushner has avoided paying any income taxes for the past 5-8 years by exploiting a tax loophole that benefits large real estate investors. “More than half of the homeowners in this country do not get to deduct mortgage interest or t...

The post David Cay Johnston tells CNN how Jared Kushner has avoided paying millions in income taxes for nearly a decade appeared first on Raw Story.

Sears Files For Chapter 11, Faces An Uncertain Future 15.10.2018 Outside the Beltway
Once the iconic American retail store, Sears now faces the possibility that it may end up fading into history.
Why Are The Media Not Airing Trump Rallies Any More? Because They're Boring. 15.10.2018 Crooks Liars
Ooof, this one has to smart where he lives. The one form of intelligence that is fair to credit to Donald Trump is his canniness in knowing how to be a showman. There's not a lot of substance behind it, nor is it entirely clear that he's even cognizant of how contradictory his statements can be to the carefully crafted talking points his White House staff put together (I think there's a stronger argument to be made that he just spouts things extemporaneoulsy to play to the crowd and then the White House staffers have to scramble to reverse-engineer policies behind it), but he does know how to call attention to himself. During the interminable 2016 election run up, it absolutely worked to his advantage. He deprived all primary challengers as well as Hillary Clinton in the general of any oxygen for actual policy discussions with the media's endless coverage of his rallies. They were unlike anything anyone had ever seen in memory, and they brought in the ratings. CNN's Jeff Zucker famously admitted that ...
Sears files for Chapter 11 amid plunging sales, massive debt 15.10.2018 Minnesota Public Radio: News
The company, which traces its history back to southwestern Minnesota, started out as a mail order catalog in the 1880s. It has been on a slow march toward extinction as it lagged far behind its peers and has incurred massive losses over the years.
Unaffordable Higher Education Leads to Low Graduation Rates 14.10.2018 Truthout.com
Activists and students across the US are organizing for legislative solutions to make higher education debt-free.

The post Unaffordable Higher Education Leads to Low Graduation Rates appeared first on Truthout.

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Minnesota voter guide: Where the U.S. Senate candidates stand on the issues 13.10.2018 Minnesota Public Radio: Law & Justice
Incumbent Sen. Amy Klobuchar is running for re-election against state Rep. Jim Newberger, the Republican-endorsed candidate, Green Party candidate Paula Overby and Dennis Schuller of the Legal Marijuana Now Party. Here's where they stand on the issues.
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Minnesota's minimum wage(s): 9 key questions answered 11.10.2018 Minnesota Public Radio: Business
Defining "minimum wage" in Minnesota depends on where you live and who you work for. Here's a guide to what is and what will be as the state and its largest cities debate, and change, wage policies.
Health care a critical issue in contested Minnesota House races 11.10.2018 Minnesota Public Radio: News
Voters in several competitive House districts are being bombarded with competing messages about how best to keep health care affordable. It's a high stakes issue that could help decide which party controls the House next year.
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Putting the entire military budget on the credit card 10.10.2018 The Moderate Voice

How did the GOP put all of our defense spending on the credit card this year? And why does no one notice?

The post Putting the entire military budget on the credit card appeared first on The Moderate Voice.

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Minnesota voter guide: Where the candidates for governor stand on major issues 10.10.2018 Minnesota Public Radio: Law & Justice
Republican Jeff Johnson, DFLer Tim Walz and two third-party candidates are running for governor. Here's where they stand on the issues.
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Breaking with Wall Street: Los Angeles Puts It to the Voters 6.10.2018 Truthout.com
Los Angeles have a chance to divest public funds from the big banks and move them into publicly-owned institutions.

The post Breaking with Wall Street: Los Angeles Puts It to the Voters appeared first on Truthout.

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