January 19, 2016
Mohenjo
Breaking News
amazon, AP, Beijing, business, Business News, China, china economy, Economic Growth, economy, Economy Slowing Down, Hotels, human-rights, medicine, mental-health, research, Science, Science News, technology, Technology News, travel, vacation
FROM
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China’s economic growth edged down to 6.8 percent in the final quarter of 2015 as trade and consumer spending weakened, dragging full-year growth to its lowest in 25 years.
Growth has fallen steadily over the past five years as the ruling Communist Party tries to steer away from a worn-out model based on investment and trade toward self-sustaining growth driven by domestic consumption and services. But the unexpectedly sharp decline over the past two years prompted fears of a politically dangerous spike in job losses.
Full-year growth declined to 6.9 percent, government data showed Tuesday. That was the lowest since sanctions imposed on Beijing following its crackdown on the Tiananmen Square pro-democracy movement caused growth to plummet to 3.8 percent in 1990.
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China’s economic growth edged down to 6.8 percent in the final quarter of 2015
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Click link below for story, video and slideshow:
http://www.huffingtonpost.com/entry/chinas-economic-growth-hits-25-year-low_us_569da4a0e4b0cd99679b31b7
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March 18, 2015
Mohenjo
Human Interest
amazon, American, American economy, business, Business News, Connecticut, economy, Granby, Hanna Newberg, Hotels, human-rights, Massachusetts, medicine, mental-health, Newberg, research, Robin Newberg, Science, Science News, Steve Newberg, technology, Technology News, travel, vacation, western Massachusetts
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What frustrates Hanna Newberg about her life right now isn’t just that she’s working as a waitress at a chain restaurant or renting a small apartment in western Massachusetts. The problem, Newberg says, is that she did everything she was told she was supposed to do — went to college, went to graduate school — and still, she’s waiting tables.
Newberg, 26, is like millions of young Americans who are finding that the paths they assumed would lead them to middle-class lives — the paths many of their parents took — no longer promise economic stability. The long wake of the recession has exposed an American economy that has been restructured over the last three decades. As a result, many jobs that once made it possible to reach the middle class are less reliable.
Newberg grew up in a home where her father’s paycheck was modest but consistent. Steve Newberg, 60, a tall lanky man with long pulled back hair, has been a postal worker since two years before Hanna, the older of his two daughters, was born. Steve’s wife, Robin Newberg, 54, had worked as an elementary school teacher and then left to raise their children in their well-kept home in a quiet semi-rural street in Granby, Connecticut.
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Click link below for story and video:
http://www.nbcnews.com/feature/in-plain-sight/middle-class-betrayal-why-working-hard-no-longer-enough-america-n291741
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August 14, 2014
Mohenjo
Political
amazon, Barack Obama Right Wing Lies, Bush, business, Business News, Debt, Deficit, economy, Government spending, Hotels, huffingtonpost, human-rights, medicine, mental-health, Obama, Obama deficits, Obama spending, President Bush, President Obama, Propaganda, research, Science, Science News, Spending, Stimulus, technology, Technology News, travel, Unemployment, vacation
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Problem: Your right-wing brother-in-law is plugged into the FOX-Limbaugh lie machine, and keeps sending you emails about “Obama spending” and “Obama deficits” and how the “stimulus” just made things worse.
Solution: Here are three “reality-based” charts to send to him.
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Government spending increased dramatically under President Bush. It has not increased much under President Obama. This is just a fact.
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Click link below for remaining charts:
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January 16, 2014
Mohenjo
Political
amazon, American jobs, Barack Obama, business, Business News, Careers, economy, Hotels, huffingtonpost, human-rights, Jobs, manufacturing, medicine, mental-health, North Carolina, North Carolina State University, Obama, Obama Jobs, Obama Manufacturing, Obama Manufacturing Jobs, Obama North Carolina, Politics News, research, Science, Science News, Slideshow, technology, Technology News, travel, vacation, Video
FROM
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Making good on a promise from last year’s State of the Union to help create good-paying American jobs, President Barack Obama on Wednesday announced a new public-private manufacturing hub in North Carolina to develop next-generation power electronics.
Obama’s announcement was meant to give a manufacturing boost to the state that has taken hits in the recession. “We’re not going to turn things around overnight. A lot of jobs were lost in the textile industry and furniture-making,” he told 2,000 gathered at a North Carolina State University arena.
But he expressed optimism that the time is now for a change. “This can be a breakthrough year for America,” Obama said. “The pieces are all there to start bringing back more of the jobs that we’ve lost over the past decade.”
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Click link below for story, video and slideshow:
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September 21, 2013
Mohenjo
Political
amazon, asset purchases, bond markets, bonds, business, Business News, buying bonds, central bank's economic stimulus, daily finance, economic stimulus, economy, Federal, Federal Reserve, financial markets, fiscal policy, Hotels, real-estate, research, Reserve, s central, Science, Science News, technology, Technology News, travel, U.S., U.S. central bank, U.S. economy, U.S. Federal Reserve, U.S. Politics, vacation
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The U.S. Federal Reserve said Wednesday that it would continue buying bonds at an $85 billion monthly pace for now, expressing concerns that a sharp rise in borrowing costs in recent months could weigh on the economy.
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The decision surprised financial markets that were braced for a reduction in the central bank’s economic stimulus.
Citing strains in the economy from tight fiscal policy and higher mortgage rates, the Fed decided against a tapering of asset purchases that investors had all but priced into stock and bond markets.
“The tightening of financial conditions observed in recent months, if sustained, could slow the pace of improvement in the economy and labor market,” the U.S. central bank said in a statement explaining its decision.
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Click link below for article:
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August 1, 2013
Mohenjo
Business
amazon, aviation, business, Business News, cars, economy, Hotels, huffingtonpost, human-rights, research, Science, Science News, shopping, style, technology, Technology News, transportation, travel, vacation, Video, Wal-Mart, Walmart Class Action Suit, Walmart Lawsuit, Walmart Low Prices, Walmart Overcharge, Walmart Prices, Walmart Receipt, Walmart Tax, Walmart Taxes
FROM
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A Pennsylvania man has filed a class-action lawsuit against Walmart alleging the retailer overtaxed him by 21 cents for items purchased with a coupon, Consumerist reports.
According to a lawsuit filed in Allegheny County, Pa., Brian Farneth purchased two cans of $2.97 shaving cream at a Walmart with a “buy one, get one free” coupon in June. The cashier, Farneth says, correctly deducted the price of one can of shaving cream from the total, but failed to deduct the associated tax, causing him to lose out on 21 cents.
Farneth alleges that he could be one of many customers at Walmart’s 8,500 stores across the world that the retailer may be overcharging for coupon purchases.
“Walmart’s current systems, with respect to the collection and remittance of sales tax, are in compliance with Pennsylvania’s tax laws,” Walmart Spokesperson Dan Fogleman wrote in an email to The Huffington Post. “We have previously sought an opinion from the state which confirmed this.”
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.Click link below for story, video and slideshow:
http://www.huffingtonpost.com/2013/07/25/walmart-tax-overcharge-class-action-lawsuit_n_3653608.html?icid=maing-grid7|myaol|dl4|sec1_lnk3%26pLid%3D349707
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July 14, 2013
Mohenjo
Business
amazon, aviation, Bank Capital, Bank Capital Economy, Bank Capital Lending, Bank Capital Rules, Banking, Banks, Banks Capital Lending, business, Business News, Capital Requirements, chris ratcliffe, climate, economy, Financial Crisis, Financial Reform, Financial Regulation, Future, Hotels, huffingtonpost, Increased Capital Requirements, Mark Gongloff on Money, occupy-wall-street, politics, research, Science, Science News, Slideshow, technology, Technology News, transportation, travel, U.S., U.S. economy, U.S. Politics, vacation
FROM
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Uh-oh, everybody: Bankers are warning that the U.S. economy could be in deep trouble. Not because bankers wrecked it again, like that last time, but because we are being mean to bankers.
Fortunately, these bankers are probably wrong.
Like they do, bank flaks have rushed to warn that the higher bank capital requirements proposed on Tuesday by the Federal Reserve, Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation will slow down lending and economic growth, make U.S. banks less competitive against European competitors and be cruel to puppies and kittens.
The first quote in Wednesday’s Wall Street Journal story (subscription only) about the new capital rules, in fact, is just such a warning from a banking representative:
“Ever-higher capital requirements, while a critically important element of safety and soundness, can become prohibitive and actually lead to reduced capability to lend,” Rob Nichols, president of the Financial Services Forum, a lobbying group for the Too Big To Fail set, tells the WSJ.
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Jamie Dimon and other bankers complain that tougher regulations and higher capital rules will kill the economy. Fortunately, they’re wrong. Chris Ratcliffe/Bloomberg via Getty Images
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.Click link below for story and video:
http://www.huffingtonpost.com/2013/07/10/banks-capital-lending_n_3573704.html?ncid=edlinkusaolp00000003
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May 23, 2013
Mohenjo
Business
amazon, Bank Subsidies, Bank Subsidy, Banking, Banks, Big Bank Subsidies, Big Bank Subsidy, biggest banks, business, Business News, economy, getty images, goldman sachs, Hotels, html ref, huffingtonpost, human-rights, politics, real-estate, research, Science, Science News, Slideshow, technology, Technology News, Too Big To Fail, Too Big To Fail Banks, Too Big To Fail Subsidies, Too Big To Fail Subsidy, travel, vacation, Video
FROM
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America’s biggest banks want you to believe that they get no special advantage, no subsidies, from being too big to fail. And yet people keep finding evidence of those subsidies.
The latest is World Bank economist Deniz Anginer, in a study for Bloomberg Markets magazine. Anginer estimates that the six biggest U.S. banks have saved $82 billion in borrowing costs since 2009 because investors believe the government will never let them fail and thus don’t charge as much to lend them money as they do smaller banks. The report will be published in the June issue of the magazine.
Together with dirt-cheap government borrowing programs, Bloomberg estimates these banks — JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley — have saved $102 billion since 2009 because of their size advantage.
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A new study tries to estimate the subsidies enjoyed by too-big-to-fail banks. (Victor J. Blue/Bloomberg via Getty Images)
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.Click link below for story, slideshow, and video:
http://www.huffingtonpost.com/2013/05/10/too-big-to-fail-subsidies_n_3252879.html?ref=topbar
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May 11, 2013
Mohenjo
Business
Bank Subsidies, Bank Subsidy, Banking, Banks, Big Bank Subsidies, Big Bank Subsidy, business, Business News, climate, economy, occupy-wall-street, real-estate, Science, Too Big To Fail, Too Big To Fail Banks, Too Big To Fail Subsidies, Too Big To Fail Subsidy
FROM
Click link below picture
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America’s biggest banks want you to believe that they get no special advantage, no subsidies, from being too big to fail. And yet people keep finding evidence of those subsidies.
The latest is World Bank economist Deniz Anginer, in a study for Bloomberg Markets magazine. Anginer estimates that the six biggest U.S. banks have saved $82 billion in borrowing costs since 2009 because investors believe the government will never let them fail and thus don’t charge as much to lend them money as they do smaller banks. The report will be published in the June issue of the magazine.
Together with dirt-cheap government borrowing programs, Bloomberg estimates these banks — JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley — have saved $102 billion since 2009 because of their size advantage.
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A new study tries to estimate the subsidies enjoyed by too-big-to-fail banks. (Victor J. Blue/Bloomberg via Getty Images)
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.Click link below for story, slideshow, and video:
http://www.huffingtonpost.com/2013/05/10/too-big-to-fail-subsidies_n_3252879.html?ref=topbar
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April 12, 2013
Mohenjo
Business
Aca, Affordable Care Act, amazon, aviation, Barack Obama, business, Coverage, economy, Environment, Fine, government, Health, Health Care, Health Insurance, Healthcare, Hotels, huffingtonpost, Insurance, Medical Care, medicine, Obamacare, Penalty, politics, Premium, research, Science, Science News, Slideshow, Small Business, Small Business News, Small Business Obamacare, Small Business Obamacare Penalty, Small Business Owners, technology, Technology News, transportation, travel, vacation
FROM
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Since the Affordable Care Act passed into law, companies have been vocal about the drastic measures they’ll take to avoid paying for basic health care coverage for their employees, including cutting hours and firing workers.
An increasing number of companies now say paying the government’s penalty to break the law will be cheaper than following it, The Wall Street Journal reports.
An Obamacare provision that goes into effect next year requires businesses with 50 or more full-time workers to provide health care coverage for employees. For businesses that don’t, there is a $2,000 penalty for each full-time worker above the 30-employee threshold. (Full-time workers are defined as anyone who works more than 30 hours a week in a given month.)
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.Click link below for story, videos, and slideshow:
http://www.huffingtonpost.com/2013/04/08/small-business-obamacare-penalty_n_3037749.html?icid=maing-grid7|myaol|dl3|sec1_lnk3%26pLid%3D295389
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