Category Archives: jobs

Washington’s gridlock tax in full effect

Full Story at cnn.com NEW YORK (CNNMoney) — Washington is not helping the economy. In fact, the opposite. The economy is in the dumps and job creation has dried up. The best data indicates there is a significant risk of the economy falling into a second recession. And what has the 112th Congress done about [...]

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Obama preparing $300 billion jobs package

Full Story at CNN.com Washington (CNN) — President Barack Obama is preparing to roll out a roughly $300 billion plan to strengthen the shaky economy and stimulate new job growth, Democratic sources said Wednesday. The plan would be paid for partly by closing corporate loopholes and raising taxes on the wealthiest Americans in the future, [...]

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Congress returns, unpopular as well as divided

Full Story at Congress returns, unpopular as well as divided – politics – Capitol Hill – msnbc.com WASHINGTON — Congress returns to work this coming week, divided over measures to create jobs and scorned by the nation it was elected to help lead. After a five-week break, Republican and Democratic leaders alike promise action to [...]

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CNN Poll: 8 in 10 think we’re in a recession

Full Story at PoliticalTicker.blogsCNN.com Washington (CNN) – Economic fears are not diminishing. More than eight in 10 Americans think the economy is in another recession, according to a new CNN/ORC poll. One-third of those surveyed think it’s serious. While the country isn’t technically in a recession because the economy hasn’t experienced two straight quarters of [...]

Also posted in Budget, Businesses, Debt, Economic, Economy, Government, Money, Presidental, Recession, Unemployment | Leave a comment

First Thoughts: Dog days

Full Story at FirstRead.msnbc.msn.com Another “dog days” of August for Obama… The good news: He has time to heal his wounds; the bad news: he has yet another hole to climb out of… Obama again talks about the economy and political brinksmanship… S&P is back in the spotlight (and not in a favorable way)… Vacation [...]

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Obama signs bill ending partial FAA shutdown

Full Story at CNN.com Washington (CNN) — President Barack Obama signed legislation Friday temporarily restoring full funding to the Federal Aviation Administration, breaking a political impasse and allowing roughly 4,000 furloughed federal employees to return to work. The measure also promises to restore tens of thousands of jobs in the construction industry and elsewhere tied [...]

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It’s D-day for state budgets

Full Story at money.cnn.com NEW YORK (CNNMoney) — Despite all the heated rhetoric and the gloomy economic forecasts, most states will start the new fiscal year Friday with budgets in place. But it looks likely that at least three states — Minnesota, Iowa and Massachusetts — could miss the deadline. Lawmakers and governors in several [...]

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Government job cuts hurt cities

Full Story at money.cnn.com NEW YORK (CNNMoney) — Metro economies struggling the most to recover from the Great Recession typically lost government jobs, a new Brookings Institution report found. Fourteen of the 20 metro areas that have performed the worst since the start of the nation’s economic troubles lost government jobs, according to the report, [...]

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Unemployment Benefits Cut in South Carolina

Full Story at news.Yahoo.com South Carolina Gov. Nikki Haley signed into law this week legislation reducing the total number of weeks jobless workers eligible for regular unemployment benefits could receive said benefits. The customary number, one used until recently across the United States, was 26 weeks. Under the newly passed legislation, according to The State, [...]

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Minnesota prepares for shutdown

Full Story at money.cnn.com NEW YORK (CNNMoney) — Time is running out for Minnesota’s parks, highway rest stops and public universities, not to mention 36,000 state employees. If Gov. Mark Dayton and lawmakers don’t agree on a budget by June 30, the state government is expected to shut down. The state moved one step closer [...]

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To stem illegal immigration, cut labor demand in U.S.

Full Story at CNN.com (CNN) — News that Mexican authorities found 513 would-be illegal immigrants packed tightly into trucks, with the United States as their destination, should shock Americans into action. They were from Mexico, Japan, China, India and Nepal, and authorities said each had paid $7,000 to gangsters to be smuggled in. Coming only [...]

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White House names first male social secretary

Full Story at msnbc.com WASHINGTON — After two female social secretaries, the White House has hired a man for the job — the first one ever. Jeremy Bernard, currently senior adviser to the U.S. ambassador to France, will trade Paris for Washington and take on the high-profile assignment, the White House announced Friday. That means [...]

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