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Archives for Economy - 2/27 - News

Analyst says California faces $340 billion in debt

SACRAMENTO, Calif. (AP) — California faces $340 billion in debts, or more than $8,500 for each of its 38 million residents, the nonpartisan Legislative Analyst's Office said Wednesday in recommending that the state set priorities for paying down its ...

The best cure for poverty is a good job

Paul Ryan pitched another battle Tuesday in his ongoing war against the American War on Poverty Wednesday, blaming President Lyndon Johnson's 50-year-old program for making things worse for the nation's poor. The Wisconsin Republican, who also author ...

U.S. economy grows at a glacial 0.1 percent

WASHINGTON (UPI) -- The U.S. economy seems to have felt the effects a harsh winter, weak exports and lower spending by businesses, which brought the economy to a near standstill. The economy grew a meagre 0.1 percent in the first three months of the ...

Seattle stymied in efforts to raise minimum wage

SEATTLE (AP) — Highlighting the contentious debate around raising the minimum wage to $15 an hour in a supportive city, Seattle Mayor Ed Murray said Thursday that no agreement has been reached among business and labor representatives trying to create ...

Seattle socialists attempt to put $15 minimum wage on ballot

SEATTLE (AP) — A group seeking a $15 an hour minimum wage filed paperwork Monday for a voter measure that would amend the Seattle charter, a move aiming to increase pressure on Mayor Ed Murray and the City Council to pass an increase without exemptio ...

The Obama Economy and the Middle Class

WASHINGTON (AP) — A sense of belonging to the middle class occupies a cherished place in America. It conjures images of self-sufficient people with stable jobs and pleasant homes working toward prosperity. Yet nearly five years after the Great Recess ...

Staffing firm says employers would lay off workers if minimum wage rises

If the minimum wage were to rise to $10.10 an hour, as proposed by President Barack Obama, 38 percent of companies that pay workers minimum wage say they would be forced to lay off some employees, according to a survey by Oklahoma City-based staffing ...

Just 11% of US long-term unemployed find jobs

WASHINGTON (AP) — A new study documents the bleak plight of Americans who have been unemployed for more than six months: Just 11 percent of them, on average, will ever regain steady full-time work. The findings by three Princeton University economist ...

Cutting pension funds to pay unemployment

A bipartisan deal in the Senate to renew long-term unemployment benefits could affect more than 2 million people nationwide. The news emerged last week that Congress may yet renew the federal aid, nearly three months after it expired. The Oregonian r ...

Senators reach deal extending jobless benefits

WASHINGTON (AP) — Bipartisan Senate bargainers ended a long-running election-season standoff and struck a compromise renewing expired jobless benefits for five months for more than 2 million Americans who have been out of work the longest, the lawmak ...


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