Tag Archives: Economy

Let Them Eat Cake?

Republican opposition in Congress has stalled legislation that would extend much-needed benefits to unemployed workers. There are more than 14.5 million people out of work and another 2.5 million who are discouraged and have given up looking for work, according … Continue reading

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Nevada to get $102.8 million for foreclosure prevention

Nevada will receive $102.8 million as part of a program to help residents who are trying to avoid foreclosure on their homes. Nevada is among five states that will receive funds from the program, and Senate Majority Leader Harry Reid … Continue reading

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Capitalism the cause of job losses?

I keep remembering the wholesale outsourcing of manufacturing jobs by global corporations over the past decade or so. Auto manufacturers outsourced their jobs to Mexico. Computer software companies outsourced their technical support to India, and so on. As they did … Continue reading

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Nye County Economic Stress is 6th in 20 most stressed counties

The Associated Press Stress Index is out. The index is a monthly analysis of economic distress in more than 3,100 counties nationwide. Nye County, home to Pahrump, had the second-highest stress score in Nevada, with 23.3 points. That was up … Continue reading

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The poverty of Nevada

The U.S. Census released some interesting information about Nevada today. Nevada ranks 33rd in percentage of children living in households below the poverty level and 47th for children living in households that get food stamps. 15 percent of its children … Continue reading

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Nevada sets unemployment record at 12.5%

Nevada’s unemployment rate reached 12.5 percent in July, the Nevada Department of Employment, Training & Rehabilitation reported this morning. That tops the record of 12 percent set in June. Source: Reno Gazette-Journal Unemployment means no income to families, no way … Continue reading

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Cost of credit card debt soaring

BY TERRY SAVAGE savage@suntimes.com Credit card issuers have been rushing to raise rates in advance of this Thursday, when the first provisions of the Credit Card Accountability Responsibility and Disclosure Act (CARD) will go into effect, with other protections starting … Continue reading

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$32.6 billion in bonuses to banks

Nine banks that accepted $175 billion from the federal government’s Troubled Asset Relief Program (TARP) doled out $32.6 billion in bonuses last year. New York attorney general Andrew Cuomo’s report also said that the bonuses for some of executives were … Continue reading

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Recession is winding down

The New York Times reports today that “The latest government report shows the economy contracted at a 1 percent annual pace in the second quarter, a better-than-expected showing and the strongest signal to date that the recession, the longest since … Continue reading

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National Clean Energy Summit 2.0

Jobs and the New Economy Host: U.S. Senator Harry Reid, UNLV, and Center for American Progress Action Fund Type: Meetings – Convention Network: Global Date: Monday, August 10, 2009 Time: 10:00am – 6:00pm Location: UNLV – Cox Pavilion Street: 4505 … Continue reading

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