The New York Times asserts that thousands of blacks who once had government union jobs now don’t, and some of the primary reasons for this unemployment are “strong anti-government and anti-tax sentiment” as well as attempts by Republicans to weaken public sector unions.
After a year-long investigation, the Department of Justice has announced that it has found evidence of criminal wrongdoing in General Motors’ failure to disclose a manufacturing defect that is tied to the death of 104 people.
John Forbes Nash Jr., a mathematical genius whose struggle with schizophrenia was chronicled in the 2001 movie “A Beautiful Mind,” has died along with his wife in a car crash on the New Jersey Turnpike. He was 86.
Some economists are warning that the Los Angeles City Council’s approval of what is essentially a $1.20 per year increase in the minimum wage for the next five years will be so inflationary that rents and other prices will rise.
From the Huffington Post: WASHINGTON — A revealing conversation on the Senate floor Thursday showed precisely how secretive President Barack Obama’s pending trade deals are, and the absurdity of arguments to the contrary. Sens. Joe Manchin (D-W.Va.) and Elizabeth Warren
This week it was Silicon Valley versus the entire transportation sector. Scrappy startups and tech behemoths battled entrenched industries and government regulators throughout the globe, in what has become a fascinating illustration of how an entire social sector responds to
Demonstrators bent on forcing McDonald’s to dramatically raise wages are doomed to fail, but their rage is well founded and inequality requires much better solutions than boosting the minimum wage.
In a huge victory for farmers and their workers, California’s 5th District Court of Appeal ruled last week that the state’s “Mandatory Mediation and Conciliation” process, which allows a mediator to impose a binding contract on farm companies and agricultural unions when the negotiation process breaks down, is unconstitutional.
Thursday on the senate floor, Sen. Elizabeth Warren (D-MA) introduced a bill that would give the public 60 days to review the details of President Obama’s Trans-Pacific Partnership trade deal before Congress votes. Partial transcript as follows: “In the past few
There is plenty of room to debate the benefits of the U.S. Federal Reserve’s monetary policy. But Senators Elizabeth Warren (MA-D) and David Vitter (LA-R)’s bipartisan bill, the “Bailout Prevention Act of 2015,” would further restrict the Fed’s emergency lender-of-last-resort
Supporters of President Barack Obama’s trade agenda are scrambling to keep Senate foes from killing it Thursday before a full-blown debate even begins.
Grocery stores are responding to the massive loss of consumer dollars by going all-in for organic foods, which Consumer Reports estimates cost 47% more. Despite clever marketing, most health experts doubt organics are worth the premium price.
Secretary of Housing and Urban Development Julian Castro expressed his pleasure with Los Angeles increasing the minimum wage to $15 an hour on Wednesday’s “Andrea Mitchell Reports” on MSNBC. Castro stated, “I was happy to see what Los Angeles did.
PORTLAND, Ore. (AP) — Oregon is about to embark on a first-in-the-nation program that aims to charge car owners not for the fuel they use, but for the miles they drive.
On Tuesday, the Los Angeles City Council passed a minimum wage law by a 14-to-1 vote margin that continually cranks-up wages for the next five years to $15 an hour. Meanwhile, employers are responding by investing in machines over people.
Federal Reserve Chairwoman Janet Yellen recently joined the rising chorus of economists and former Fed officials warning about the risks of irrational exuberance by bond and stock investors paying bubble-inflated prices. Conspicuously silent about the risks of stock investing over the last 6 years, Yellen’s comments quickly tanked the bond market. But with the NASDAQ tech-heavy index up 500% since the bottom of the last crash, Yellen seems to be warning this bubble could pop.
On Monday’s broadcast of Fox Business Network’s “Lou Dobbs Tonight,” Sen. Jeff Sessions (R-AL) discussed the push for granting President Barack Obama fast-track trade authority and in particular the so-called Trans-Pacific Partnership trade agreement. In that appearance, Sessions told Dobbs
The leftist Greek government’s debt re-negotiation strategy was aimed at stretching the crisis out and making the risk from a messy “Gr-exit” so big that the European Union would grant huge concessions to avoid a Greek collapse that would topple falling
In a surprise move, Xiaomi just announced on its Facebook page that it is coming to U.S. and Western markets with a plan to attack Apple’s ecosphere.
President Obama has proclaimed Hillary Clinton an effective Secretary of State. All along, it must have been the plan for Russia to seize the eastern Ukraine, Beijing to build airstrips and assert sovereignty over international shipping lanes in the South China Sea, and Iran to have nuclear weapons capabilities.
Regular Airbnb hosts are able to make enough profit to afford San Francisco’s skyrocketing cost of living, according to a new report from city officials [PDF]. The average host is making $440 profit per month (after rent), and some neighborhoods are snagging upwards of $1,900 a month.
Contents: Outrage grows over sting video of Lebanon MP planning terrorism; Stock market bubble accelerates explosion as economy falters
The National Climate Prediction Center has raised the probability of an El Niño in the Northern Hemisphere lasting through this summer to 90 percent, and added that there is a a greater than 80 percent probability it will last through all of 2015.
On this weekend’s broadcast of “The McLaughlin Group,” conservative commentator Pat Buchanan sounded off on the looming Trans-Pacific Partnership legislative battle and explained that this trade deal isn’t a benefit to the American people as much as it is one
On this weekend’s broadcast of “The McLaughlin Group,” U.S. News and World Report editor Mort Zuckerman warned of the consequences of passing the so-called Trans-Pacific Partnership trade agreement. Zuckerman acknowledged it would bring lower cost good to U.S. markets, but
