An unemployed (or underemployed) father begging for diaper money.

Economists: US is still in a growth recession

Think it’s time to celebrate economic recovery? Don’t get cocky, suggests Investor’s Business Daily. In this job-starved economy, we’re already living a kind of double-dip recession that economists call a growth recession. What’s a growth recession? When economic growth is so low that it creates net unemployment, that’s growth recession. Growth recession can also suggest
money to burn

Stimulate your economy: Spend that payroll tax holiday

The payroll tax holiday is giving everyone with a paycheck a 2 percent raise for the next two years. Personal finance advisers suggest using that extra money to pay down debt, but the government hopes you will spend it to stimulate the economy. If you’re like most people, you will spend it, so spend it
A seemingly happy eighth-grade girl.

Study: Unemployment dragging down student test scores

According to a new interdisciplinary academic study by the National Bureau of Economic Research, the stress of unemployment hits children hard. The study, entitled “Children Left Behind: The Effect of Statewide Job Loss On Student Achievement,” finds a correlation between community job loss and decreased performance on math and reading scores, reports the Huffington Post.

Nevada students organizing to fight budget cuts

In Reno, Nevada, college students are gearing up for a fight. These students, however, are armed with statistics, numbers and suggestions. As the legislature considers cutting education funding yet again, some students are fighting back. Proposed cuts to Nevada education Nevada, like most other states, is facing huge budget deficits that it must balance. Nevada’s
Black hole

A double dip recession is possible

Some economists look for the most positive signs, and others look for the most negative signs. Recent economic data has given some experts reason to think that a double dip recession, where economic activity plunges, ticks up slightly, then plunges again before stabilizing, is beginning to look more likely. The forecast for doom and gloom
culprit according to FCIC

FCIC report on financial crisis sparks routine partisan bickering

When the Financial Crisis Inquiry Commission report was issued Wednesday, partisan bickering was the big story. The FCIC report concluded that the financial crisis was ultimately the federal government’s fault, and it could have been avoided. The FCIC report was endorsed by six Democratic members of the commission, while the four Republicans disagreed with its

Everyone may need extra cash as household wealth falls

It was recently announced that the recession is officially over, but that almost seems meaningless. Recessions technically end when economic contractions cease, but some things are still depressed, such as employment and household wealth. The wealth of a household, or net worth, is determined as assets minus debts. For instance, the value of a home
Undocumented workers standing on a street corner have been joined by Americans clothed in superhero garb.

More American workers turning to day labor during recession

The recession continues to leave many Americans grasping for cash, wherever they may find it. They’re even reaching for those so-called “jobs Americans won’t do,” reports the Wall Street Journal. Day labor, once considered to be the almost-exclusive domain of undocumented workers, is now on the rise among  former white-collar employees, male and female. Reports
job search during the holidays

Odds improve for job search that persists during the holidays

Contrary to popular belief among most job seekers, a job search during the holidays is not a waste of time. In fact, with much business activity slowing down, the holidays could be the best time to intensify one’s job search. Those who are persistent through the holidays will find less competition and people with more
Photo of a car

U.S. auto sales up thanks to new models and pent-up demand

U.S. auto sales in 2011 will be strong if January is any indication. U.S. automakers usually expect a slow January, but this year, year-over-year sales for the month were strong. The U.S. auto industry finished 2010 with strong sales and industry experts forecast a sustained upward trend in U.S. auto sales for 2011. Back to
Greek rioters

Greek riots paralyze Athens

The city of Athens has been shocked by a violent outbreak of Greek riots in which three have been left dead as protesters and police clash.  The Greek riots are believed to be caused by recent economic measures meant by the Greek government to curb spending and gain a better grip on the country’s spending
Harry Reid

Senate tax cut bill passes by wide margin

The Senate passed the tax bill by a very wide margin after compromises by both sides of the aisle. The bill will extend the Bush tax cuts and make some other key changes. The bill still must pass the House of Representatives to become law. Senate tax bill pass with flying colors A lot of
construction workers sitting up against a wall taking a break

Unemployment rate and jobs report signal a long, slow recovery

The U.S. unemployment rate rose in April along with job creation, in a bit of statistical hocus pocus that’s not as baffling as it looks. But the phenomenon shows how hard it’s going to be for the unemployment rate to climb out of the deep hole dug by the great recession. The U.S. unemployment rate
Muammar Gaddafi

Oil prices spike as Gadhafi refuses to leave turmoil in Libya

Political turmoil in Libya has led to an increase in worldwide oil prices. Libya is a major exporter of oil, and unrest in that nation could lead to a drop in the output of oil. Despite a growing number of people calling for him to leave, Libyan ruler Moammar Gadhafi refuses to abdicate his office.
Dictionary defines 'insurance"

Hybrid policies replacing traditional term life insurance

The nature of long-term care and life insurance policies has changed rapidly in these uncertain financial times.  Many consumers are reluctant to put up large amounts of money for future benefits, especially when those  benefits may never become necessary.  The insurance industry has countered this trend by offering combination products that blend long-term-care with traditional
Nationald debt clock

National debt ceiling debate affects us all

The U.S. will soon hit the $14.294 trillion debt ceiling, prompting Congress to vote on again raising the limit. But Congressional Republicans have threatened opposition if the vote does not include budget cuts and long-term debt reduction. If an agreement is not reached by August, it will be an unprecedented situation that will be felt
A woman in costume at an anti-Blue Shield demonstration.

Blue Shield of California wants 59 percent rate hike

Health insurance premiums have been out of control for years, but apparently someone forgot to send Blue Shield of California the memo. The Los Angeles Times reports that Blue Shield has shocked California policyholders with a proposal to institute insurance premium hikes as high as 59 percent on March 1. The change would affect tens