User: newstrust Topic: US Economy
Category: Jobs
Last updated: Jul 17 2019 04:05 IST RSS 2.0
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‘Nickel and Dimed’ for the sharing economy: Inside the hellish new reality of low-wage work 17.7.2019 Raw Story
In 2001, journalist Barbara Ehrenreich’s investigative book “Nickel and Dimed” revealed to those who weren’t on low-wage payrolls how expensive it is to be a member of the working poor in America. Some things haven’t changed since Ehrenreich’s experiences working as a Walmart clerk, a restaurant server and a maid, among other jobs. Housing can still […]
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Kudlow Schools People ‘Painting a Picture of Economy’ in Recession 16.7.2019 NewsBusters
White House Director of the National Economic Council Larry Kudlow called himself a “happy camper” about the state of the U.S. economy and criticized those making it sound like the country is in recession. “I do want to say and repeat that the U.S. economy is very strong and that’s what the jobs report [shows], and wages are rising,” he told anchor Stuart Varney on Fox Business’ Varney & Company July 15. Kudlow criticized those trying to gloss over the good economic ...
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Let’s Establish a Wealth Tax — and Give Every Family $25,000 a Year 16.7.2019
An annual $25,000 income to every family would create a hugely dynamic and inclusive economy.
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Los Angeles is finally ditching coal — and replacing it with another polluting fuel 16.7.2019 LA Times: Business

L.A. will build a gas-fired power plant in Utah, even as Mayor Eric Garcetti touts a "Green New Deal" to fight climate change.

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Six States Are Improving Tax Credits for Working Families 15.7.2019
These steps come as four senators have proposed a major expansion of the federal Earned Income Tax Credit.
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The Media Uses Coal Miners to Attack the Green New Deal While Ignoring Pensions 15.7.2019
Major media outlets remain stuck in a reductive “elite vs. blue-collar” divide.
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Will San Francisco Become the Second City to Tax Extreme CEO-Worker Pay Gaps? 14.7.2019
In November, voters in San Francisco will decide the fate of a proposed tax to penalize large CEO-worker pay gaps.
Jeffrey Epstein Is Exhibit A for Capitalism’s Moral Bankruptcy 14.7.2019
Wealth, not culpability, shapes outcomes in our criminal legal system.
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Nearly all of California’s crises are worse in its Latino communities, new report says 14.7.2019 Los Angeles Times - Living Green

Five years ago this month, the demographic face of California changed for the first time in its modern history. Latinos became the state’s largest ethnic group — gaining a newfound dominance, though one that had been expected for decades.

But a new report offers a sober look at a different marker...

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W(hy)TF are Japan and South Korea in a trade war? 13.7.2019 TechCrunch
Another week, another trade war. And unlike most trade wars these days, this one didn’t originate from the confines of the Rose Garden with the Marine One whirlybird in the background. No, like any Ice Bucket Challenge-worthy meme, others are getting in on the trade war bandwagon and making it their own. Cue Japan and […]
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Fox Biz Guest: 'It's Like Going To Heaven, Baby’ To Work Two Jobs Instead Of Retiring 13.7.2019 Crooks Liars
TrendMicro CEO Donald Luskin sounded worse than Marie Antoinette when he lectured struggling Americans who work two jobs and can’t afford to retire to count their blessings and think of it as “heaven” if they are not starving. Host Charles Payne seemed to understand that it's a problem that the country has a large segment of financially struggling Americans. But rather than come right out and say so, he suggested it was “up for debate.” PAYNE: Well, retirement inching closer or becoming a thing of the past for a lot of Americans. In fact, a recent poll finds nearly one in four people don't expect to ever leave the workforce. This, as the number of people working multiple jobs also spiking. So why are so many people financially unfit to call it quits? Well, It's up for debate. Payne acknowledged that such polls are “always alarming.” But hinting that maybe there's no need for alarm, Payne asked Luskin, “Is that worrisome for you, Donald?” The shockingly out-of-touch Luskin went beyond “Let them eat cake” ...
Newt Gingrich: Take it From Me, Trump is Heading for a Landslide in 2020 12.7.2019 Newsweek Top Stories
Economy, stature, patriotism, and progress on health issues all bode well for the president, as does the Democrats' growing issue insanity.
Trump’s pick for acting labor secretary was a sweatshops lobbyist 12.7.2019 Raw Story
Terms like “unchecked slave labor” and “indentured workers” will forever be tied to Patrick Pizzella’s history. President Donald Trump made two announcements Friday. The first, that his embattled Secretary of Labor was resigning amid outrage over having given accused child rapist and trafficker Jeffrey Epstein, now a registered sex offender, a sweetheart plea deal. The second announcement […]
Vietnam strains to reap the rewards of the U.S.-China trade war 12.7.2019 L.A. Times - World News

The requests that textile factory manager Huynh Thi Ai Diem receives are almost always the same: A foreign company is desperately trying to relocate production from China to Vietnam. Tariffs imposed by the U.S. have eaten away their profit margin. Can she help?

Huynh would like nothing more but...

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Alex Acosta "Resigns," Trump Immediately Fills Position With Someone Equally Bad or Worse 12.7.2019 Little Green Footballs
This morning Labor Secretary and Jeffrey Epstein deal-maker Alex Acosta "resigned," and of course he and Donald Trump blamed it on the press, who have been committing the grave sin of reporting on Acosta's very shady deal with Epstein. Alex Acosta informed me this morning that he felt the constant drumbeat of press about a prosecution which took place under his watch more than 12 years ago was bad for the Administration, which he so strongly believes in, and he graciously tendered his resignation.... — Donald J. Trump (@realDonaldTrump) July 12, 2019 ....Alex was a great Secretary of Labor and his service is truly appreciated. He will be replaced on an acting basis by Pat Pizzella, the current Deputy Secretary. — Donald J. Trump (@realDonaldTrump) July 12, 2019 Trump immediately consulted his list of the most rotten people in America, and pulled out the perfect successor to Acosta -- Patrick Pizzella , who worked with corrupt lobbyist Jack Abramoff to enable a brutal sweatshop economy in the US territory ...
Watch Al Franken Grill Trump’s New Labor Chief for Promoting Sweatshops 12.7.2019 Mother Jones
On Friday, President Donald Trump announced on Twitter that Secretary of Labor Alexander Acosta will be replaced on an acting basis by Deputy Secretary of Labor Patrick Pizzella.   As Mother Jones reported in 2017, after reviewing hundreds of pages of billing records and emails, Pizzella worked in the late 1990s with disgraced lobbyist Jack Abramoff to […]
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Media Worry Faith in American Dream May Hurt 2020 Dems 12.7.2019 NewsBusters
On her 9:00 a.m. ET hour show on Thursday, MSNBC anchor Stephanie Ruhle highlighted a recent New York Times article about a study finding that, despite facing economic challenges, southerners in the U.S. still believe strongly in the American dream of lifting oneself out of poverty without major government intervention. The article fretted that such attitudes “could complicate Democratic efforts to frame the 2020 presidential election as a referendum on a broken economic ...
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‘Great’ again: To win in 2020, Trump sticks with what worked 12.7.2019 LA Times: Nation

As Democratic presidential contenders race to draft the boldest and most detailed policy plans, President Trump has stuck to the signature issues that helped him win last time: “Build the wall,” “jobs, jobs, jobs” and “America First.”

In other words, the agenda for Trump’s second term is largely...

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WSJ: Low-Skilled Workers Are 'Winners' in Current Economy 11.7.2019 NewsBusters
The left love to complain that recent economic growth has only benefited people at the very top and left the middle class and the poor behind. The Wall Street Journal just found more evidence to the contrary. “The fortunes of low-skilled workers have turned up markedly” amid the longest economic expansion in U.S. history and a near-record low in unemployment, Journal chief economics commentator Greg Ip wrote on July ...
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'Ms. AOC Kind of Nailed That': Alexandria Ocasio-Cortez Earns Praise From Trump's Top Economic Adviser Kudlow 11.7.2019 Newsweek Top Stories
"I want to note in the hearings yesterday with Fed Chairman Jay Powell, it was Ms. AOC asked him about the Phillips Curve," Larry Kudlow told Fox News.
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