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Barclays, Weighed Down by Litigation Charges, Reported Loss in 2014

by The New York Times // March 3, 2015 // Updated 09:55 GMT // 0 Comments

LONDON — Barclays said on Tuesday that it fell to a loss in 2014 as the British bank’s annual results were dragged down by charges related to potential fines and litigation costs for past conduct by its employees, and lower income in its investment bank as the lender continues to shrink that business. The bank’s […]

Here Are The Top 10 Part-Time Jobs For 2015

by The Huffington Post // March 3, 2015 // Updated 05:00 GMT // 0 Comments

As the country has slowly recovered from the Great Recession in recent years, many workers have been forced to take on part-time or temporary work, as full-time options are often more limited. But choosing a part-time job should not mean that workers have to sacrifice their happiness or well-being.Garry Gay via Getty Images Job database […]

Who Gets Food Stamps? White People, Mostly

by The Huffington Post // February 28, 2015 // Updated 12:30 GMT // 0 Comments

WASHINGTON — Gene Alday, a Republican member of the Mississippi state legislature, apologized last week for telling a reporter that all the African-Americans in his hometown of Walls, Mississippi, are unemployed and on food stamps. Maggie Barcellano prepares dinner at her father’s house in Austin, Texas, on Saturday, Jan. 25, 2014. Barcellano, who lives with […]

Janet Yellen meets with conservatives

by CNN // February 27, 2015 // Updated 23:51 GMT // 0 Comments

“Chair Yellen was engaged, gracious and asked key questions,” Steve Lonegan, the director of monetary policy at the American Principles in Action who organized the meeting, told CNN after the conclusion of the meeting. “I would like to hope that what we established with Chair Yellen was respect.” Lonegan and others also emphasized to Yellen […]

Republicans Put On A Nice Face When It Comes To Food Stamps

by The Huffington Post // February 25, 2015 // Updated 21:15 GMT // 0 Comments

WASHINGTON — Republicans in the House of Representatives on Wednesday started in on a “top-to-bottom” review the Supplemental Nutrition Assistance Program, commonly known by its former name, food stamps — but they say they’re not out to cut benefits. Rep. Mike Conaway (R-Texas) is interviewed by Roll Call in his Rayburn office, November 20, 2014. […]

Top Democrat Pushes Back On Expanding Obama’s Trade Powers

by The Huffington Post // February 20, 2015 // Updated 17:54 GMT // 0 Comments

WASHINGTON — The biggest economic policy fight of 2015 is creating serious headaches for congressional Democrats, and particularly Sen. Ron Wyden (D-Ore.). As the top Democrat on the Senate Finance Committee, Wyden is the party’s point-man on the Trans-Pacific Partnership, a controversial free trade pact the Obama administration is negotiating with 11 other Pacific nations. […]

The 10 Richest U.S. Presidents

by The Huffington Post // February 15, 2015 // Updated 19:54 GMT // 0 Comments

This story was originally published on 24/7 Wall St. The ongoing debate over income inequality has picked up steam, especially as the economic recovery is widely considered to be benefiting the wealthy at the expense of the middle class. In fact, President Barack Obama promised to tackle income inequality in this year’s State of the […]

Mom’s Theory About How Her Privileged Son Ended Up Homeless (VIDEO)

by The Huffington Post // February 13, 2015 // Updated 18:27 GMT // 0 Comments

Christopher, 27, grew up in a well-to-do family, went to college and landed a good job with a six-figure income. He lived in a beautiful home and drove a nice car. Now, though, he lives in a tent in the woods. – Like Dr. Phil | Follow Dr. Phil | Be on the Show

The California Chasm: A Look At Income Inequality In The Golden State

by The Huffington Post // February 12, 2015 // Updated 21:58 GMT // 0 Comments

This piece was originally published on Capital & Main. As it pushes historic levels, inequality has become a hot topic. Activists have organized around the rich-poor divide, with “The One Percent” and “The 99 Percent” becoming a part of everyday language. The President made inequality a focus of this year’s State of the Union address […]

Economic Plan Is a Quandary for Hillary Clinton’s Campaign

by The New York Times // February 8, 2015 // Updated 10:04 GMT // 0 Comments

With advice from more than 200 policy experts, Hillary Rodham Clinton is trying to answer what has emerged as a central question of her early presidential campaign strategy: how to address the anger about income inequality without overly vilifying the wealthy. Hillary Rodham Clinton in Indiana in 2008. Her economic message in that campaign resonated […]

Artist Uses Music To Illustrate NYC’s Income Inequality Across A Single Subway Line

by The Huffington Post // February 6, 2015 // Updated 23:10 GMT // 0 Comments

What can a New York City subway ride tell us? In the work of Brian Foo, it offers a unique way to examine income inequality across different parts of the city. –A map of the New York City subway with the addition of the 2nd Avenue subway line, blue line at right, hangs on display […]

HUFFPOLLSTER: Why Americans Support Tax Hikes On The Wealthy

by The Huffington Post // February 5, 2015 // Updated 13:21 GMT // 0 Comments

Voters in three key battlegrounds support tax hikes on the rich. The share of adults living in middle income households has narrowed. And Hillary Clinton’s support is greater now than in 2007. This is HuffPollster for Thursday, February 5, 2015.Customer Jeff Simering reads copies of U.S. President Barack Obama’s Fiscal Year 2016 Budget while waiting […]

What Mississippi can teach California

by CNN // February 4, 2015 // Updated 20:55 GMT // 0 Comments

I can’t believe I’m writing this, but: California, you’ve got a heck of a lot to learn from Mississippi. Not in terms of per capita income, obesity rates or LGBT rights. It’s well-known that Mississippi falls at or near the bottom of 50-state rankings for a range of social and health indicators. But there’s at […]

Obama Budget Proposal To Target Income Inequality: Report

by The Huffington Post // February 1, 2015 // Updated 19:33 GMT // 0 Comments

President Obama will propose a 10-year budget on Monday that stabilizes the federal deficit but does not seek balance, instead focusing on policies to address income inequality as he adds nearly $6 trillion to the debt.US President Barack Obama addresses the House Democratic Caucus retreat on January 29, 2015 in Philadelphia. AFP PHOTO/NICHOLAS KAMM (Photo […]

Moral Monday Returns With Public Opinion, If Not The North Carolina Legislature, On Its Side

by The Huffington Post // January 28, 2015 // Updated 23:50 GMT // 0 Comments

WASHINGTON — More than 100 faith leaders and protesters affiliated with the Moral Monday movement staged a protest at the North Carolina legislature Wednesday, continuing for a third straight year to pressure lawmakers on issues such as income inequality and voting rights. Rev. William Barber, President of the North Carolina NAACP speaks during a news […]

Karl Rove: I don’t hate poor people. I ‘came from nothing.’

by CNN Money // January 28, 2015 // Updated 10:03 GMT // 0 Comments

“It bothers me that statistically the greatest predictor of a child’s financial security in the United States is the financial circumstances of their parents,” said Carville, a former CNN contributor. Income inequality is likely to be a central theme in the 2016 presidential elections. Last year the nonpartisan Congressional Budget Office found that Americans at […]

Most Americans Doubt They’ll Benefit From Either Party’s Economic Proposals

by The Huffington Post // January 27, 2015 // Updated 22:34 GMT // 0 Comments

WASHINGTON — The economic vision President Barack Obama laid out in last Tuesday’s State of the Union has widespread appeal, as do many of his key policy proposals — but many Americans still see that agenda as unlikely to help them on a personal level.President Barack Obama speaks during a visit to the University of […]

Super Rich Planning Escapes Amid Growing Concern Over Inequality: Davos Speaker

by The Huffington Post // January 26, 2015 // Updated 14:55 GMT // 0 Comments

With growing inequality and the civil unrest from Ferguson and the Occupy protests fresh in people’s mind, the world’s super rich are already preparing for the consequences. At a packed session in Davos, former hedge fund director Robert Johnson revealed that worried hedge fund managers were already planning their escapes. “I know hedge fund managers […]

This Map Reveals Just How Unequal The So-Called Recovery Is

by The Huffington Post // January 26, 2015 // Updated 12:49 GMT // 0 Comments

In his State of the Union address last week, President Barack Obama cheered rising wages. What he didn’t mention is that much of the income gained since the recession has gone into the pockets of the richest Americans. In 39 U.S. states, the top 1 percent of earners gobbled up at least half of all […]

Middle Class Shrinks Further as More Fall Out Instead of Climbing Up

by The New York Times // January 26, 2015 // Updated 10:46 GMT // 0 Comments

The middle class that President Obama identified in his State of the Union speech last week as the foundation of the American economy has been shrinking for almost half a century. Adhanet Kidane, 30, a single mother in Tampa, Fla., earns minimum wage at two fast-food restaurants. (Edward Linsmier for The New York Times) In […]

States Where The Middle Class Is Dying: 24/7 Wall St.

by The Huffington Post // January 24, 2015 // Updated 19:08 GMT // 0 Comments

Click here to see the states where the middle class is dying. The American economy is by many measures well on the road to full recovery. The national unemployment rate was 6.2% in 2013, down from 9.3% in 2009; U.S. gross domestic product grew 5% in the third quarter of 2014; and the S&P 500 […]

The good and bad in Obama’s tax plan

by CNN // January 22, 2015 // Updated 22:47 GMT // 0 Comments

President Obama’s new tax plan includes some sensible ideas. Unfortunately, it would mean increasing taxes on saving and investment, which are key drivers of economic growth, according to various experts. On balance, I believe the plan moves in the wrong direction. The President’s proposal to boost the earned income tax credit for childless low-wage workers […]

Jack Lew Says Congress Should Turn Efforts Toward Business Taxes

by The Huffington Post // January 20, 2015 // Updated 10:00 GMT // 0 Comments

Treasury Secretary Jacob Lew dismissed efforts in Congress to overhaul the nation’s tax laws by lowering the top income tax rate paid by individuals, saying lawmakers should instead focus on simplifying taxes paid by businesses. Lew said Democrats and Republicans are far apart on how much wealthy individuals should pay in federal income taxes. He […]

States where taxes hit the poor hardest

by CNN Money // January 15, 2015 // Updated 06:33 GMT // 0 Comments

“No-income-tax states like Washington, Texas and Florida do, in fact, have average-to-low taxes overall. However, they are far from ‘low-tax’ for poor families,” the report notes. In Illinois, there is an income tax but it’s a flat rate for everyone, and the state’s sales tax accounts for 7% of poor taxpayers’ income relative to just […]

Nearly 8 out of 10 U.S. tax filers get tax refunds

by CNN Money // January 13, 2015 // Updated 08:13 GMT // 0 Comments

For low-income filers, a big part of their refund is due to the Earned Income Tax Credit, which they can claim as long as they hold a job. The EITC is an antipoverty program designed to encourage and reward work, and it primarily benefits workers who have children. Related: Your tax refund could be delayed […]