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via Vicki Needham, The Hill The economy added 146,000 jobs in November while the unemployment rate fell to 7.7 percent. It’s the lowest the jobless rate has been since December 2008, and the report from the Bureau of Labor Statistics was higher than estimates that had predicted Hurricane Sandy would hold total job growth down. … Continue reading
via USA Today U.S. abortions fell 5% during the Great Recession in the biggest one-year decrease in at least a decade, according to government figures released Wednesday. The reason for the decline wasn’t clear, but some experts said it may be due to better use of birth control during tough economic times. Their theory is … Continue reading
via John Dickerson, Slate Mitt Romney says he is a numbers guy, but in the end he got the numbers wrong. His campaign was adamant that public polls in the swing states were mistaken. They claimed the pollsters were over-estimating the number of Democrats who would turn out on Election Day. Romney’s campaign was certain … Continue reading
via Steve Holland and John Whitesides, Reuters President Barack Obama rolled to re-election and a second term in the White House on Tuesday with a clear victory over Republican challenger Mitt Romney as the Democrat overcame deep doubts about his handling of the U.S. economy. Romney called Obama to concede after the president’s victories in … Continue reading
via John Whitesides, Reuters President Barack Obama and Republican challenger Mitt Romney make a frenetic dash to a series of crucial swing states on Monday, delivering their final arguments to voters on the last day of an extraordinarily close race for the White House. After a long, bitter and expensive campaign, national polls show Obama … Continue reading
via Laura Bassett, The Huffington Post When 24-year-old preschool teacher Katherine Fenton stood up at the second presidential debate and asked the candidates what they planned to do about the gender wage gap, both candidates dodged the question, and conservatives collectively rolled their eyes at the mention of one of their least favorite of the … Continue reading
via Richard K. De Atley, Press Enterprise Voters in November will be asked if they want to get rid of California’s death penalty, currently imposed on 726 inmates — 112 of them from Riverside and San Bernardino counties. The state’s death chamber has gone unused since 2006 because of a judicial review of the lethal … Continue reading
via Lucia Mutikani, Reuters The U.S. unemployment rate dropped to a near four-year low of 7.8 percent in September, a potential boost to President Barack Obama’s re-election bid. The Labor Department said on Friday the unemployment rate, a key focus in the race for the White House, dropped by 0.3 percentage point to its lowest … Continue reading
via Congressman Mike Honda (D-CA), Politix This election year Americans are faced with a difficult decision on how to best move our country forward. Among the proposals to address our economic challenges and federal deficit is one filled with extreme, regressive, and deeply cynical policy choices: that of congressman and vice presidential nominee Paul Ryan. … Continue reading
via The Economist Not since 1933 had an American president taken the oath of office in an economic climate as grim as it was when Barack Obama put his left hand on the Bible in January 2009. The banking system was near collapse, two big car manufacturers were sliding towards bankruptcy; and employment, the housing … Continue reading
via Alexandra Jaffe, The Hill’s Ballot Box A new poll of women nationwide shows just how steep Mitt Romney will have to climb to get out of the crater he’s in with respect to women’s vote, but indicates he could have an opening if he can win the one issue he’s been banking on all … Continue reading
via Philip Elliot and Alan Fram, The Huffington Post Republicans emphatically approved a toughly worded party platform at their national convention Tuesday that would ban all abortions and gay marriages, reshape Medicare into a voucher-like program and cut taxes to energize the economy and create jobs. The document opens by warning that while the American … Continue reading
via The Associated Press, The Washington Post Voters in this presidential election may face the starkest choice ever on the hot-button social issues of same-sex marriage, abortion rights and access to birth control. Even as most voters tell pollsters the economy is their chief concern, advocacy groups on the left and right are in high … Continue reading
via David Lawder, Reuters Massive U.S. government spending cuts and tax hikes due next year will cause even worse economic damage than previously thought if Washington fails to come up with a solution, the Congressional Budget Office warned on Wednesday. Without action by Congress to avoid a “fiscal cliff,” Americans should expect a “significant recession” … Continue reading
via Frank Holmes, Forbes A surprising wealth of information about the world’s most prosperous people can be discovered in two new reports. The Chinese Millionaire Wealth Report 2012, put together by GroupM and the Hurun Report, found that there are now a million millionaires in China. On average, a Chinese millionaire is 39 years old, … Continue reading
via Jeff Zeleny, The New York Times Four years ago, John Brooks cast his ballot for Barack Obama, becoming one of the voters won over by his promise for changing Washington. This time, he had been undecided, but he said Mitt Romney made his decision easier by placing Representative Paul D. Ryan on the Republican … Continue reading
via Susan Page, USA Today They could turn a too-close-to-call race into a landslide for President Obama— but by definition they probably won’t. Call them the unlikely voters. A nationwide USA TODAY/Suffolk University Poll of people who are eligible to vote but aren’t likely to do so finds that these stay-at-home Americans back Obama’s re-election … Continue reading
via James Arkin, New York Daily News A study by the city’s tourism agency, NYC & Company, and the City Clerk’s office estimates $259 million in overall economic impact came from same-sex marriages. “Marriage equality has made our City more open, inclusive and free — and has also helped to create jobs and support our … Continue reading
via Hope Yen, The Huffington Post The ranks of America’s poor are on track to climb to levels unseen in nearly half a century, erasing gains from the war on poverty in the 1960s amid a weak economy and fraying government safety net. Census figures for 2011 will be released this fall in the critical … Continue reading
via Anthony Faiola, The Washington Post Like so many others in this fiercely independent island nation, Steve Baker, a dashing English engineer, is fed up with the long hand of the European Union in British life. The E.U., he said, has meddled for years in British legal affairs and labor laws. But now the 27-nation … Continue reading
via Josh Mitchell, The Wall Street Journal Student debt is rising sharply among all age groups, but middle-aged Americans appear to be struggling the most with payments, according to new data released Tuesday by the Federal Reserve Bank of New York. The delinquency rate—or the percentage of debt on which no payment has been made … Continue reading
via Izhar Harpaz, Dateline, MSNBC The small communities that dot the picturesque mountain landscape outside Boulder, Colorado conjure up an image from long before the great recession. Here the manicured lawns and expensive cars are a testament to the achievements of a fiercely independent and educated middle class; a 21st century version of suburban bliss. … Continue reading
via Don Lee, Chicago Tribune The Great Recession took such a heavy toll on the economy that the typical American family lost nearly 40% of its wealth from 2007 to 2010, shaving the median net worth to a level not seen since the early 1990s. The Federal Reserve said in a new report Monday that median family net … Continue reading
Emanuel hails weekend as a ‘milestone’ for city via Kristen Mack, Rick Pearson, and Bob Secter Once again, the whole world was watching. But Chicago didn’t devolve into 1968 redux. It wasn’t the combustible World Trade Organization meeting in Seattle, either. By that barometer, Chicago’s turn as host of the NATO summit could be declared … Continue reading
via Paige Lavender, The Huffington Post Mitt Romney said the protesters rallying against Bank of America in Charlotte this week are too young “to really understand how the economy works.” “Unfortunately, a lot of young folks haven’t had the opportunity to really understand how the economy works, and what it takes to put people to … Continue reading
The Brandt Standard 