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POPSReport: 237 Millionaires in Congress Senate Minority Leader Mitch McConnell (R-Ky.) gained about $9.2 million. Sen. James Inhofe (R-Okla.) gained about $3 million, Sen. Daniel Inouye (D-Hawaii) had an estimated $2.6 million gain, and Richard Shelby (R-Ala.) gained about $2.8 million.
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POPSReport: 237 millionaires in Congress
Senators’ estimated median reportable worth sunk to about $1.79 million from $2.27 million in 2007. The House’s median income was significantly lower and also sank, bottoming out at $622,254 from $724,258 in 2007. But CRP’s analysis suggests that some lawmakers did well for themselves between 2007 and 2008, even as many Americans lost jobs and saw their savings and their home values plummet. Senate Minority Leader Mitch McConnell (R-Ky.) gained about $9.2 million. Sen. James Inhofe (R-Okla.) gained about $3 million, Sen. Daniel Inouye (D-Hawaii) had an estimated $2.6 million gain, and Richard Shelby (R-Ala.) gained about $2.8 million. Some lawmakers have profited from investments in companies that have received federal bailouts; dozens of lawmakers are invested in Wells Fargo, Citigroup, Goldman Sachs and Bank of America. Vice President Joe Biden has often tagged himself as an original blue collar man. The CRP backs him up, putting his net worth at just $27,000.
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POPSIs the Economy Recovering? The Curious Case of 1920 vs. 1929
The basic questions we need to ask here are: 1. Why do economies recover? 2. Are we recovering? Q. Why do economies recover? A. They recover because bad investments made during the bubble are liquidated, valuable capital is no longer being wasted on them, new capital is formed from savings, and profitable enterprises attract new capital to expand. Low real interest rates caused by increased savings encourage borrowing, manufacturers use the capital to make new machines, producers of consumer goods buy them, cash goes through the system, consumers see things are getting better, more consumer goods are produced, and consumers buy them. It has to happen this way or the recovery will fail. The difficult part of a recovery is ugly. Bankrupt firms need to fail so that valuable capital resources are not wasted on their continuing activities. This means that unemployment rises (10.2% now) and business bankruptcies are high. Trillions of dollars of asset values are wiped out.
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POPSUNEMPLOYMENT TOPS 10 %
The jobless rate rose to 10.2 percent from 9.8 percent in September. The jump reflects a sharp increase in the tally of unemployed Americans, which rose to 15.7 million from 15.1 million. That was much larger than the net loss of jobs, which is based on a survey of businesses. Economists say it could climb as high as 10.5 percent next year because employers remain reluctant to hire. Friday's report is the first since the government said last week that the economy grew at a 3.5 percent annual rate in the July-September quarter, the strongest signal yet that the economy is rebounding. But that isn't fast enough to spur rapid hiring, raising the specter of a jobless recovery. "You need explosive growth to take the unemployment rate down," said Dan Greenhaus, chief economic strategist for New York-based investment firm Miller Tabak & Co. Greenhaus said the economy soared by nearly 8 percent in 1983 after a steep recession, lowering the jobless rate by 2.5 percentage points that
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POPSJobless Rate Jumps to 10.2% How much of that Stimulus money has gone overseas to *create* US jobs over there? I guess Ms. Pelosi will say we need to extend the unemployment benefits even more and her health care bill will be needed now more than ever. The American people can not win with this crowd. This Administration is Carter on steroids.
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POPSPaymentcare - Loan Payment Insurance Loan payment insurance UK can provide insurance protection in the event of death, terminal illness, carer, hospitalization, accident & sickness (disability) and involuntary unemployment.
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POPSPork Report - 28 Oct 09 Junket watch: Speaking at a beachfront spa and resort, Federal Reserve Chairman says Americans need to save more and the country must “substantially reduce federal deficits”
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POPSWhat? No Inflation? I love this alternative view. Dr. Enzio has had a great track record. Of course, this doesn't mean the economy is going to get better. Maybe just a long slow grind to the bottom.
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POPSSafety nets for the rich More: Enough! Goldman Sachs is thriving while the combined rates of unemployment and underemployment are creeping toward a mind-boggling 20 percent. Two-thirds of all the income gains from the years 2002 to 2007 — two-thirds! — went to the top 1 percent of Americans. We cannot continue transferring the nation’s wealth to those at the apex of the economic pyramid — which is what we have been doing for the past three decades or so — while hoping that someday, maybe, the benefits of that transfer will trickle down in the form of steady employment and improved living standards for the many millions of families struggling to make it from day to day. That money is never going to trickle down. It’s a fairy tale. We’re crazy to continue believing it.
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POPSJameco managers take paycuts so they don't have to layoff anyone. If we had more company's like this, the whole country would be in better shape. Obviously we'd still have problems but even if it cut the rise in unemployment by a small amount, it would make a big difference. Anyway, my hats off to these guys! I will definitely be buying my components from them in the future.
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POPSRelief from financial troubles Unemployment is the stage where cash crisis tends to arise. You don’t have any source of funds and unexpected expenses are knocking your door, loans for the unemployed are the suitable financial alternative for you.
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