NewsRack: 'Jobs' news in 'US Economy' topic for user newstrust

UK's problem isn't the financial sector – it's London's dominance	26.5.2013	The Guardian -- World Latest
New EU figures expose the staggering gap between the capital and the poorest areas of Britain. We must revitalise the regions if we want to secure economic recovery Britain is a structurally unbalanced economy. The City is too big. The productive base is too small. The International Monetary Fund says so. The Bank of England says so. The government says so. Less remarked upon is the UK's geographical economic imbalance. This is even more pronounced than the imbalance between a dominant financial sector and a struggling manufacturing sector, as shown by recent figures for 2010 from Eurostat , the European commission's statistics agency. Measured by per capita incomes, the gap between the best-performing and the worst-performing regions of the UK is the widest of any of the European Union's 27 member states. Eurostat broke Britain down into 37 sub-regions and found that in inner London GDP per head was 328% of the EU average, while in west Wales it was 70% of the average. No other country ...
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Was jittery Thursday a foretaste of another global economic crash?	26.5.2013	The Guardian -- World Latest
The sharp slide in share prices was either a blip in the road to recovery or a sign that the unwinding of quantitative easing will lead to disaster. Our writers argue it out REASONS TO BE WORRIED Central banks may be pumping billions of dollars into the world's financial markets through quantitative easing, but by artificially inflating the prices of stocks and bonds they're just storing up an almighty crash for the future. That's the argument of City bears, who warn that while last week's slide may be reversed in the days ahead, the sharp fall in share prices that spread from Tokyo to Wall Street and London was a foretaste of the reckoning that will inevitably come, once QE starts to be unwound. "This is a liquidity-fuelled rally in stock prices. It's clear that the world economy has not been performing as well as stock prices say it has," said Neil Mellor of BNY Mellon. Pessimists cite several reasons to be nervous about whether the rally that took share prices in the US to record ...
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Why should Apple have access to consumers if it refuses to pay its fair share of taxes?	26.5.2013	The Guardian -- World Latest
Countries are competing to provide the biggest tax breaks, the cheapest labour and the easiest regulation to attract the likes of Google, Apple and Amazon, to the disadvantage of their own citizens. But there is another way The chairman of a parliamentary committee investigating Google for tax avoidance calls the firm "devious, calculating, and unethical", yet British officials court the firm's CEO as if he were royalty. David Cameron urges tax havens to mend their ways and vows to crack down on tax cheats, yet argues taxes must be low in the UK because "we've got to encourage investment, we've got to encourage jobs and I want Britain to be a winner in the global race". The same disconnect is breaking out in the US. A Senate report criticises Apple for shifting billions of dollars in profits into Irish affiliates where its tax rate is less than 2%, yet a growing chorus of senators and representatives call for lower corporate taxes in order to make the US more competitive. The American ...
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Green diary rescue: The redwoods, the High Plains Aquifer and fracking ourselves crazy	26.5.2013	NewsTrust Yahoo Pipes Feed
Every week Daily Kos diarists write dozens of environmentally related posts. Many don't get the readership they deserve. Helping improve the odds is the motivation behind the Green Diary Rescue. In the past seven years, there have been 227 of these spotlighting more than 12,723 eco-diaries. Below are categorized links and excerpts to 78 more that appeared in the past seven days. That makes for lots of good reading during the spare moments of your weekend. [ Disclaimer: Inclusion of a diary in the rescue does not necessarily indicate my agreement with or endorsement of it.] Top Comments: The magic of old growth Redwood forests —by Steveningen : "It is no secret that California is a diverse and beautiful state. The scenery here is as varied as its people and everyone has their favorite place to visit. For some, it's Yosemite National Park, others are drawn to our beaches or the Sierra Nevada mountains. For me, it is California's old growth Redwood forests, particularly those in the ...
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Editorial: ‘A’ Is for Avoidance	25.5.2013	NY Times: Editorials
Editorial: ‘A’ Is for Avoidance
The Incredible Shrinking Federal Budget Deficit?	25.5.2013	Outside the Beltway
The Federal Budget Deficit appears headed in the right direction, for now.
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Preoccupations: Honing the Job You Have Into One You Love	25.5.2013	NY Times: Business
Preoccupations: Honing the Job You Have Into One You Love
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Economic View: Five Positive Economic Signs Are on the Horizon	25.5.2013	NY Times: Business
Economic View: Five Positive Economic Signs Are on the Horizon
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Improving economy changes political landscape	25.5.2013	Twincities.com: News
WASHINGTON—Alleged misbehavior by the Internal Revenue Service and other federal agencies gives the GOP something else to talk about and investigate as the economy clearly, if slowly, recovers on President Barack Obama's watch, robbing Republicans of a central argument against Democrats.
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Improving economy changes political landscape	25.5.2013	San Jose Mercury News: Local News
Alleged misbehavior by the Internal Revenue Service and other federal agencies gives the GOP something else to talk about and investigate as the economy clearly, if slowly, recovers on President Barack Obama's watch, robbing Republicans of a central argument against Democrats.
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An improving economy robs GOP of 1 issue, while IRS and other probes hand them others	25.5.2013	Star Tribune: Politics

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GOP gains from IRS and other probes while improving economy fades as issue	25.5.2013	Star Tribune: Politics

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Improving economy alters political landscape	25.5.2013	AP Top News
WASHINGTON (AP) -- Alleged misbehavior by the Internal Revenue Service and other federal agencies gives the GOP something else to talk about and investigate as the economy clearly, if slowly, recovers on President Barack Obama's watch and robs Republicans of a central argument against Democrats....
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Do Utah’s high school seniors dream of technology, math careers?	25.5.2013	Salt Lake Tribune
by Lisa Schencker and Ray Parker The Salt Lake Tribune Published May 25, 2013 01:01AM MDT As thousands of Utah high school seniors march across stages to graduate in coming days, they’ll dream of summer, sun and STEM. Or at least Utah leaders hope they’ll think about STEM, an acronym for science, technology, engineering and mathematics. Leaders in Utah and nationwide have been pushing for more education in STEM, saying that’s where the jobs openings lie and what the economy demands. Some believe more Utah students would pursue STEM fields if they knew about the great demand for such... ...
Paul Krugman’s Flagrant ‘Austerity’ Double Standard	25.5.2013	NewsBusters
Generally speaking, we try to avoid mentioning shrill leftist New York Times columnist Paul Krugman, not because he makes no absurd statements but because he makes so many of them. An exception to this rule must be made, however, thanks to an excellent piece by economist Robert P. Murphy in the American Conservative headlined "Heads Krugman Wins, Tails "Austerity" Loses." In the past several years, the leftist economist during and following the debate over the recent "sequester" debate predicted utter disaster if it went through. According to Krugman, America was almost guaranteed to enter another recession on account of the supposed fact that miniscule cuts in the rate of the federal budget"s growth would have an anti-stimulus effect on the economy. A funny thing happened on the way to Armegeddon though: the U.S. economy actually seems to be doing better since the sequester went into effect. read ...
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Editorial: Time for the Federal Reserve to ease up on stimulus	25.5.2013	Chicago Tribune: Opinion
Editorial: Time for the Federal Reserve to ease up on stimulus
Editorial: What's the matter with Europe?	25.5.2013	Chicago Tribune: Opinion
Editorial: What's the matter with Europe?
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China sees wider role for private business	25.5.2013	Star Tribune: Latest
New leaders signal economic policy reforms that one expert says could be “radical stuff.”
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Steve King blames dirty wimp Ronald Reagan for Obama's eventual election	25.5.2013	Daily Kos
Hates Ronald Reagan Rep. Steve King (R-Iowa) said Thursday that President Obama would not be president if it weren't for the 1986 amnesty bill that Ronald Reagan signed into law. […] In an effort to dissuade Republicans, King argued that the 1986 immigration bill that Reagan signed into law is estimated to have brought amnesty to three million illegal immigrants. He said conservative estimates show that, on average, each of these people brought in five others, leading to 15 million more people in the country, most of whom voted for Obama. "[T]hey have to admit that Ronald Reagan's signature on the '86 amnesty act brought about Barack Obama's election," King concluded on the House floor. I've been waiting a long time for the day when the party would finally ditch Ronald Reagan himself as being a stain on true batshit crazy conservatism. I still thought it'd take a bit longer than this, though. Then again, I also never really thought "batshit crazy" would really become the GOP's ...
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Los Angeles poised for rebirth with Mayor Garcetti	25.5.2013	Washington Post: Op-Eds
LOS ANGELES In electing Eric Garcetti their mayor on Tuesday , voters here chose a candidate who personifies the multiracial, multicultural city of L.A.’s hipster youth. At 42, Garcetti will be the youngest mayor this city has had in more than 100 years. Ethnically, Garcetti is not only the first elected Jewish mayor of Los Angeles but also the city’s second Latino mayor in more than 100 years (he’ll succeed the termed-out Antonio Villaraigosa). His Italian forebears settled in Mexico; his mother’s family is Jewish. Not since New York was governed by Fiorello La Guardia — an Italian Episcopalian who had a Jewish mother — has a mayor been a better demographic fit for so polyglot a ...
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