Archive for Posts Tagged
(Rachel Maddow Blog)
For the week ending May 12, the Department of Labor Thursday, seasonally adjusted initial claims for unemployment benefits were unchanged at 370,000 from the previous week's revised figure of 370,000. The four-week moving averag.....
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The Bain Way: Take millions in job creation tax subsidies, then turn around and lay off hundreds
15 May, 2012
Mitt Romney's job was making money, not jobs.
The Tampa Bay Times reports on yet another example of Mitt Romney's "heads I win, tails you lose" business model: Millions of dollars in tax subsidies given to Bain-owned Dade Behring for creating..
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JPMorgan’s losses spark talk of new rules. Elizabeth Warren calls for Jamie Dimon to quit NY Fed
14 May, 2012
(SodaHead)
Anyone looking for silver linings in last week's announcement from JPMorgan that it had lost $2 billion with synthetic credit default swaps this quarter could be excused for thinking that now, finally, maybe there will be a real push to..
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Here's the dividend for Republicans in working relentlessly to sabotage the economy for the entirety of President Obama's first term: a shaky economy and tough polling. From Washington Post/ABC News:
With unemployment still high, homeowners still unde.....
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U.S. President Barack Obama talks about his
"to do" list for Congress at SUNY-Albany
(Larry Downing/Reuters)
"Get to work putting America to work" could have been the 22-minute message President Obama delivered to Congress Tuesday at the.....
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Top dogs’ corporate profits hit new records. Still hoarding gobs of cash, still barely hiring
7 May, 2012
The Fortune 500 are raking in the profits as never before. Indeed, corporate profits overall are back to pre-recession levels.
The Fortune 500 generated a total of $824.5 billion in earnings last year, up 16.4% over 2010. That beats the previous..
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Another month of weak job growth as the official unemployment rate drops to 8.1%. U6 at 14.5%
4 May, 2012
In a new report certain to generate consternation in the stock market and the White House but private glee in the Republican Party, the Bureau of Labor Statistics announced Friday that the private sector generated a seasonally adjusted 130,000 jobs..
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CEO-to-worker compensation ratio, with options
granted and options realized, 1965–2011
"Options granted" compensation includes salary, bonus, restricted stock grants, options granted and long-term incentive payouts for CEOs at the top 350 firm.....
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(National Employment Law Project)
Whatever is shown by the numbers of Friday's much-awaited April jobs report, the analysts will be digging into them like a Roman seer pawing through rabbit entrails for evidence of the direction of the labor market a.....
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(Rachel Maddow Blog)
After three weeks of higher numbers, first-time applications for unemployment last week returned to the level analysts have considered a positive sign for the job market.
For the week ending April 28, the Department of Labor repo.....
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Improving the situation for low-wage workers requires, first of all, a commitment to full employment
1 May, 2012
It's shouldn't be news to anyone that when lots of people are unemployed, it's tough getting a raise or getting a job that pays as well as a previous one before the lay-offs happened. After all, there was a guy..
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The Obama team is pushing a campaign message tying the economy to environment and energy policy
30 April, 2012
Wind turbine blades on the road west of Albuquerque, New Mexico (Photo by Meteor Blades)
Environmental advocates have mixed feelings about the Obama administration. One day it's the precedent-setting Environmental Protection Agency's rules curtailing.....
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Tom the Dancing Bug. Follow @DailyKosComics and find out the instant a comic is posted!
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For more than two decades, U.S. companies have been creating vast numbers of new jobs—overseas. Even as Americans suffered under nearly double-digit levels of unemployment in 2010, those companies were creating 1.4 million new jobs abroad and fewer .....
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(Calculated Risk)
In its first estimate for the first quarter of 2012, the Bureau of Economic Analysis reported Friday morning that real (inflation-adjusted) gross domestic product rose at an annual rate of 2.2 percent, below the 2.5 percent consensu.....
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From hell's heart, I giggle at thee. (Talking Points Memo)
I continue to find it hilarious and/or depressing that anyone with punditing skills above that of the average graham cracker honestly thought, even for a moment, that the House Republicans wo.....
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(Calculated Risk)
After months of falling, first time claims for unemployment benefits have been on the rise for three consecutive weeks and are now running higher than at any time since the first week of January. For the week that ended..
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Austerity drives Greece, Ireland, Portugal, Spain and now Britain into recession. Next?
25 April, 2012
How austerity policies and stimulus policies affect the GDP
The financial experts had expected the U.K. to eke out a teensy bit of economic growth in 2012. But the Office for National Statistics reported Wednesday that the British economy contracted .....
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(Click to enlarge.)
I recently finished Robert Frank's Richistan, which provided the inspiration for this one. If you aren't familiar with the book, it's about the hermetically-sealed reality inhabited by today's ultrarich. Trust me, it's even worse t.....
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