Posts tagged "government"

Small Businesses Start Hiring: Unemployment at 8.6%

Small Businesses Start Hiring: Unemployment at 8.6%
In what surprised economists, the unemployment rate for November went down to 8.6% from a stubborn 9%.  This is the lowest unemployment rate since March, 2009 and two months after President Obama took office.  The unemployment figure has been hovering around 9% for 2.5 years. The start-ups and small business that were skittish about hiring... Read more »

No New Jobs? Latest U.S. Jobs Report Shows Zero Gain

No New Jobs? Latest U.S. Jobs Report Shows Zero Gain
Just when you think things are getting better in this economy and the stock market “takes off” as we accumulate a few months of triple digits job growth, it stalls!  That’s exactly what happened last month with the latest number of jobs created netting zero!  The number of people unemployed remains at 14 million or... Read more »

People Struggle As Recession Lingers

People Struggle As Recession Lingers
Two years after the “official” end of the Great Recession, the U.S. Economy continues to struggle as many Americans believe the Recession has not ended.  55% think that the recession remains, while 29% believe it feels more like a depression!  The recovery has been the weakest and the most lopsided of any since the 1930′s.... Read more »
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Is the New Healthcare Bill Unconstitutional?

Is the New Healthcare Bill Unconstitutional?
The Obama sponsored Healthcare Bill was passed, but is it unconstitutional?  The law mandates that most U.S. residents have access to health insurance, placing more responsibility on local governments which has caused some states to challenge the bill.  The recent rulings threaten to slow down the implementation of the Healthcare Bill that mandates more than... Read more »

(10) Recession Resistant Jobs to Consider When Looking for Work

(10) Recession Resistant Jobs to Consider When Looking for Work
After getting blasted on my last blog posting by suggesting that the government not extend unemployment benefits past 99 weeks, I now know that intense anger that the unemployed have in this retched job market.  I was called a rich bitch, insensitive, a witch, arrogant and told to “enjoy my turkey while others were out... Read more »

Republicans win Big in the Election: Healthcare Bill & Job Loss Dooms the Democrats

Republicans win Big in the Election: Healthcare Bill & Job Loss Dooms the Democrats
The numbers are still coming in across the nation on Tuesday night but the trend is a huge victory for the Republicans who took over the House of Representatives breaking the Democratic hold on government.  Voters who are angry with the healthcare reform bill, the lack of jobs and the impending tax increases voted for... Read more »
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Weekly Jobless Claims Up 13,000, Dollar falls and Gold Continues to Rise

Weekly Jobless Claims Up 13,000, Dollar falls and Gold Continues to Rise
Ben Bernake The weekly jobless claims for the week ending October 8th rose by 13,000 to 462,000. Economists had expected the number to fall 443,000. Our economy is still bleeding jobs at a record pace with little sign that companies will be hiring with any urgency, soon.  The continuing claims fell by 112,000 to 4.4... Read more »

Get Ready for Tax Increases: The History of Income Tax

Get Ready for Tax Increases: The History of Income Tax
The dire state of our economy after the Great Depression in 1929 led to the passage of the Social Security Act in 1935.  This law provided for payment known as unemployment compensation to workers that lost their jobs.  Other areas of the Act gave public aide to the aged, the needy, the handicapped, and to... Read more »

Good-Bye Mr. & Mrs. Daley: Richard not Running

Good-Bye Mr. & Mrs. Daley: Richard not Running
Maggie Daley It was announced a few hours ago that Mayor Richard Daley of Chicago would not be seeking re-election after being in office since 1989.  This comes at a time that his hopes for hosting the summer Olympic games were dashed, his wife, Maggie, is suffering from what many say is the last stage... Read more »
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Stocks Soar: Better Than Expected Jobs Report

Stocks Soar: Better Than Expected Jobs Report
Christina Romer, CEA Chair The financial markets liked the August jobs report today that showed that 67,000 jobs were added to the private sector adding to now eight months of growth in this sector. Unemployment is at 9.6 % with average earnings up.3%.  The Dow is likely to have a 4% gain over the past... Read more »