Total student debt outstanding approaches $1.1 trillion. 65 percent of all outstanding student debt held by those 39 and younger.
It is interesting to hear older politicians take the podium and wax and wane poetically how young Americans are not working hard enough or need to take responsibility for their actions in the current economy. The reality of the situation is the recent recession has punished the young disproportionately. The young have seen [...]
Surprisingly enough, we’re actually a nation of optimists- just not when it comes to work. Despite the fact that the majority of people now opt for a ‘glass half full’ mentality, salary, career prospects and job security were ranked among the aspects of our lives that fill us with dread.
Indeed, six in ten people now claim to have a positive outlook overall- but only 44% are happy with their salary [...]
President Barack Obama’s campaign to raise tax rates on the top 2% will cause far more economic pain to the 98% than to the truly rich. First, the truly rich have already demonstrated their ability to avoid much of the Obama tax hikes. At the same time, the higher marginal tax rates he demands will reduce the opportunities for economic activity, leading to slower growth and fewer job opportunities for [...]
ALPHARETTA, Ga. (CBS Atlanta) – If you’re one of many who are currently unemployed, you may be in luck.
According to the Atlanta Business Chronicle, one area real estate company is willing to invest thousands to create new job opportunities.
However, there is a catch.
Frank Duffy of Duffy Realty says he will only create the jobs if Republican presidential candidate Mitt Romney wins this Tuesday’s election.
“It’s about a $50,000 investment that we’re willing to make on these [...]
Jean-Luc Guillaume always presumed he’d retire at about 60, just like his civil-servant father.
One year from reaching that age, the biology researcher has no plans to stop working. Cutbacks to France’s retirement benefits, the European financial crisis and the cost of a recent separation have stretched out his horizons.
“Financially, retirement just isn’t an option,” said Guillaume at a street demonstration against job cuts at his employer,Sanofi SA (SAN), that he had [...]
October 16th, 2012
Today we are fortunate enough to be provided with an economic analysis from an unlikely source. She may not be a trained economist or nutritionist, but given that she knows what our children should be eating for school lunches you better bet she knows what a healthy economy looks like too!
The First Lady joined WPGC ‘s Pablo and Freein Washington D.C. for a radio interview this week and discussed her [...]
The cost of living in the U.S. climbed in August by the most in more than three years, reflecting a surge in fuel costs.
The 0.6 increase in the consumer-price index was the biggest since June 2009 and followed no change in the previous month, the Labor Department reported today in Washington. The median forecast of 85 economists surveyed by Bloomberg News called for an advance of 0.6 percent. The [...]
Stephanie Chan spent four years at Manila Doctors College qualifying to work as a nurse overseas. She never left the country. Instead, she switched careers and now earns almost as much monitoring people’s finances.
Chan is one of thousands of Filipinos each year who study to become health workers to boost their chance of a higher income overseas. She’s also now part of a growing trend of workers who are opting not to [...]
WASHINGTON — Is an arrest in a barroom brawl 20 years ago a job disqualifier? Not necessarily, the government said Wednesday in new guidelines on how employers can avoid running afoul of laws prohibiting job discrimination.
The Equal Employment Opportunity Commission’s updated policy on criminal background checks is part of an effort to rein in practices that can limit job opportunities for minorities that have higher arrest and conviction rates than [...]
At the Chinese Foreign Ministry’s regular press conference last week, spokesperson Liu Weimin’s revealed that Chinese Premier Wen Jiabao was awarded ”the Best Friend of American Worker” by the US International Longshoremen’s Association. The Chinese ambassador to the United States reportedly received the award on his behalf. Liu explained:
It is learned that this year marks the 10th anniversary of the cooperation between China Cosco Group and the US port of Boston. The past [...]
Derek Capo was living the high life. He was in his early 20s, an analyst at hedge fund Everest Capital monitoring international equities, and soaking up the weather and nightlife of his hometown of Miami.
But looking ahead, as he’d been trained to do, Capo didn’t like what he saw. The housing bust was starting to strangle the Florida economy, the stock market was looking increasingly erratic and he didn’t want [...]
NEW YORK (CNNMoney) — The nation’s unemployment benefits system would undergo extensive changes under the jobs proposal President Obama outlined Thursday.
Calling it “the most sweeping reforms to the unemployment insurance system in 40 years,” the administration wants to broaden the program beyond its core mission of sending checks to the jobless. The expanded goal: helping the jobless transition back to the workplace.
“We have to [...]
Western Massachusetts’ poorest residents have less buying power now than they had in 1979, according to a study released Monday by the University of Massachusetts.
In 1979, the poorest 20 percent of Pioneer Valley residents earned $20,983 once figures are adjusted for inflation to represent 2009 dollars, according MassBenchmarks, a study of the state’s economy prepared by the University of Massachusetts’ Donahue Institute and the [...]
With the only debate consuming the broader investing public these days (and for the past several years) being whether or not entity/bank/country X will receive a taxpayer bailout or not, some forget that there are actual fundamental, cash flow-based drivers to making economic decisions. Key among these has always been whether to rent or buy that most capital intensive purchase (for most): a [...]
To get the conversation started for today’s first Twitter Town Hall at the White House, Twitter executives turned to a handful of journalists from across the country to help generate questions about jobs and the economy for President Obama.
Dorrine Mendoza, 42, the online editor for The North County Times, a daily newspaper outside San Diego, was among the journalists invited by Twitter late last week to help find [...]
By Pauline Jelinek – The Associated Press
Posted : Monday Mar 7, 2011 15:09:55 EST
WASHINGTON â€” The U.S. military is too white and too male at the top and needs to change recruiting and promotion policies and lift its ban on women in combat, an independent report for Congress said Monday.
Seventy-seven percent of senior officers in the active-duty military are white, while only [...]
(The Huffington Post) In the last 12 months, the U.S. economy has largely traded high-quality jobs for poorly-paid positions, according toÂ a new report by the National Employment Law Project.
Though the economy has added more than a million jobs over the last year, new positions have skewed towards relatively low-wage industries, the New York-based non-profit finds in “A Year of Unbalanced Growth: Industries, Wages, and the First 12 Months of Job [...]
“Wal-Mart China persists in local procurement which provides more job opportunities, supports local manufacture industry and promotes local economy. So far, 95% of merchandising sold at Wal-Mart China store are local products by which Wal-Mart has established business relations with nearly 20,000 suppliers. At Wal-Mart, we treat suppliers as partners and would like to develop with them. In 2008 Wal-Mart won the Supplier Satisfaction published by Business Information of [...]
Below is the key and most viable initiative to return people back to work. It’s time for bold action…a specific plan…targeting a specific group…for a specific issue….job creation. This initiative will literally create 1 to 3 million+ job opportunities utilizing existing programs and funding. To ignore such an initiative is truly an injustice to the jobless and their families.
Plan: Allow seniors age 62-64 who have NOT yet enrolled in [...]