While the American economy has rebounded strongly from the 2008 financial crisis and the Great Recession that followed, economic growth has remained below the long-term trend since World War II. This slower growth has a direct impact on family economics and the country as a whole. Economists, including those who study government spending have studied a variety of ways to boost economic growth.… [Read more]
Do you know what your credit score is? Do you at least have a ballpark figure? We all have far too many numbers to memorize in life to keep all of them around for instant recall, but your credit score is probably among the more important ones to know.
I’m not here to tell you how a credit score is calculated; frankly, there’s a lot that goes into it, and even financial experts are occasionally in disagreement about which factors actually influence your score.… [Read more]
The best jobs are rewarding, fulfilling and have room to grow. The Bureau of Labor Statistics (BLS) gives growth estimates for the 2010 – 2020 period for several occupations. The average growth rate predicted was around 14 percent, but some of the best jobs may experience 25 percent growth and more. If you’re looking for a new career path, these jobs show the most growth potential.… [Read more]
I’ll call you John, because even though you are the Speaker of the House I won’t give you the respect your position should accord. You are a leader in name only.
You and your party have declared war on the jobless, women, children, the aged, immigrants, the sick, the tired, the poor, and the hungry at the national and state levels.… [Read more]
“How about a ‘grand bargain’ for middle-class jobs?” Indeed, that is the question. While Congress spends its time on the time-wasting activity of yet another ‘down with Obamacare‘ vote (does this latest vote make 40 attempts to snatch healthcare coverage from the country’s previously uninsured citizens?), President Obama spoke at a another stop on his ‘state of the economy’ road trip.… [Read more]
Speaking at Knox College in Galesburg, Illinois, President Obama delivered a speech yesterday on the state of the US economy. Providing context he discussed how far the nation has come, fiscally speaking, since the beginning of his first term. For those short on memory, lest we forget, the nation has fought its way back from a financial meltdown and a housing bubble; Wall Street had run amok, the financial services sector was in danger, homeowners saw their housing values decline and, with it, the net worth of many Americans experienced a sharp devaluation.… [Read more]
Though the news this week is of the election of Pope Francis and what this means for the Catholic Church’s Legacy following the resignation of Benedict XVI, I want to focus on the big news last week. Last Thursday, the Dow Jones Industrial Average hit the astronomical all-time high of 14,253.77, and has continued breaking records for nine straight trading days.… [Read more]
Two-time Pulitzer winning cartoonist Mike Luckovich, of the Atlanta Journal-Constitution, sketched an appropriate cartoon the other day on the string of inept GOP brinksmanship showdowns. Yes, America is tired of it. Making a mess in the kitchen, and leaving it for the missus is not a path to domestic bliss.
Kowtowing to the Tea Terrorists, House Speaker John Boehner (R-Oh.) “led” his ‘Party of No’ on another sabotage raid on the American economy.… [Read more]
Beginnings, endings and periods that mark great changes occur during every moment of every day. Wrapping up this week, a few events in history that took place on February 24th caught my attention:
- In 2008, Fidel Castro retired as the President of Cuba after nearly fifty years, and his brother Raul Castro was unanimously elected.
- In 2011, the final launch of Space Shuttle Discovery (OV-103) took place.
Ask most and they will tell you there are two ways to salvage an economy: the revenue side, by way of taxation or fees, or on the the spending side, by way of expenditure reductions. Determining where and how much is the point at which negotiations and compromise get bogged down.
The President re-elect has released his budget for 2013 that the administration believes is fair; at another time in history the budget would be viewed as pragmatically centrist.… [Read more]
Everyone is concerned about our economy. Fiscal cliffs and what-have-you.
The easiest and best way for all of us to do something RIGHT NOW to help is to support small businesses.
That’s right. Forget the big box stores and the corporate greed, and go local and go small.
When you support small businesses, you put money back in the pockets of the middle class.… [Read more]
The Dow Jones Industrial Average is a very general metric one can use to ‘feel out’ stock market performance. Merriam-Webster defines the word “dow” as useful or capable, but the old English dictates ‘having worth’ as the initial utilization of the term. Nasdaq, the second largest stock exchange, is purely the tech market on display; its ebbs and flows reflect trading activity for publicly-traded technology companies.… [Read more]
Now that the dust has settled on the Presidential election (I’m still smiling) things will slowly but surely get back to normal in Washington. Despite recent assurances from House Speaker John Boehner regarding ‘working together’ we can expect more Republican bickering and attempts to derail and stall anything and everything that might just be beneficial to America as a whole.… [Read more]
“Fly Like An Eagle“….the lyrics mean as much today as they did when the Steve Miller Band released this song in 1976. The political parties have spoken and their platforms are clear; it is now up to the citizens to decide which party plans to address the needs of the hungry, the elderly, and the homeless…not just the select few at the very top of the economic ladder.… [Read more]
The deafening noise coming from Republicans about the deficit is nothing but a lot of…. noise. Most of these people, especially on the far fringe right, are talking about something that they really do not understand.
Many understand the underlying thought but a picture will help to reinforce the concept. Towards that goal, here is an extremely simplified picture of the economy:
The concept to keep in mind here is that the economy is a network of circulating money.… [Read more]
A report today noted the nation’s recovery is still slow, but the most recent annualised figures for the period ended September 30th reveal that the economy experienced 2% growth — and that growth was more than originally projected.
Increased strength in the housing market and higher consumer spending resulting from a slight increase in consumer spending are contributing factors.… [Read more]
It’s laid out pretty clear in study after study that if the PTC Extension (Production Tax Credit) isn’t passed in Congress, jobs will be in jeopardy. These aren’t imaginary jobs that someone has made up on paper but are jobs that have been built, one by one throughout the country. The United States is facing the oncoming train that wind energy could be damaged by the severe loss of jobs and support with the PTC.… [Read more]
Aside from Mitt Romney’s bird problem – and what went largely unnoticed during the second presidential debate was his sneering jab at the Keystone pipeline, and his accusation that the Obama Administration launched a criminal action against the drilling: “. . . 20 or 25 birds were killed and brought out a migratory bird act to go after them on a criminal basis” – he’s got a lady parts problem.… [Read more]
We loyal lefties have had to endure some hits this go around. From the ACA (“ObamaCare”) without a public option, to necessary bank bailouts with no strings attached, to continued wholesale tax giveaways for the rich and corporate welfare for Exxon/Mobil and the like, to watered down legislation of all varieties, it hasn’t been a perfect ride.… [Read more]