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Why one man defaulted on his student loans and suggests you should too

In the debate over the high cost of college and the burden of student loan debt, you don't often see loan default presented as a viable solution to …

As Illinois Suspends Corporate Tax Breaks, It's Time to Recognize How Special Treatment Undermines a Welcoming Economy for All

In the wake of Illinois state lawmakers passing a budget with a nearly $4-billion deficit, Gov. Bruce Rauner on June 2 froze two flagship tax-credit programs administered by Illinois' Department of Commerce and Economic Opportunity.<p>Proponents of the Economic Development for a Growing Economy, or …

The advantage of being in a union is crystal clear in this chart

Employee compensation for unionized workers is way up in the last three years.<p>Compensation for non-unionized workers? Not so much.<p>It seems that unionized employees have been seeing the effects of the economic recovery in their paychecks and benefits packages for quite some time, while non-unionized …

Help the poor and strengthen the economy by changing the way the US collects tax

Despite a hard first quarter, someday soon, the US economy may be in a position where it needs people to save more instead of spend more. Economists will start talking about the importance of having people save to provide funds for investment instead of the importance of having people spend to …

Economics

Exports, Politics and Wealth: A District-by-District Look at Trade

Few things are so jumbled as the politics of trade. Lawmakers from many of the richest congressional districts–think Democratic House Minority Leader Nancy Pelosi‘s San Francisco–are lukewarm at best on pushing ahead on new trade deals, while lawmakers from poorer, harder-hit districts feel the …

More Corinthian Colleges students' federal loan debt to be erased

The U.S. Department of Education on Monday announced a series of debt relief measures that could assist tens of thousands of students affected by the collapse of Santa Ana-based Corinthian Colleges Inc.<p>The provisions could allow many more students to wipe out federal loan debt tied to the …

Don't Believe the Hype About the Benefits of Free Trade

Protesters display signs at a demonstration opposing the Trans-Pacific Trade Partnership in Aushburn Junction, Virginia, September 9, 2013. (Photo: …

Youth Unemployment: A National Tragedy

WASHINGTON, June 8 – Calling youth unemployment “a national tragedy,” Sen. Bernie Sanders (I-Vt.) today cited a new national study which found that …

Should you be panicking about a stock market crash?

Monday's Wall Street Journal hauls out a hardy perennial of stock market reporting: a warning that a widely followed market analysis tool is flashing a "sell" signal.<p>In this case, the tool is the so-called Dow Theory, which was developed from the writings of Dow Jones co-founder Charles Dow of the …

Teachers’ strike demanding higher pay shuts down at least 27 schools in Afghan capital

A teachers strike demanding higher pay has shut down at least 27 schools in Afghanistan's capital, officials said Tuesday.<p>Fazel Ahmad Fazel, the newly appointed head of a national teachers' council, said Tuesday that 80 schools were closed in Kabul alone, and that teachers were on strike in at …

Union says Space Needle offers members 'poison candy' as labor dispute heats up - Puget Sound Business Journal

By Marc Stiles <br>– Staff Writer, Puget Sound Business Journal<p>Jun 8, 2015, 5:22pm PDT<p>Union employees at the Space Needle on Monday said they walked away …

Puget Sound

Our school system feeds our divided society

It’s not hard to see which children will suffer most from the funding cuts. It won’t be Eton and Harrow scrabbling around to find maths teachers<p>One month on from the election and with a Queen’s speech behind us, what do we know about the next five years? Much political capital is being invested in …

How A Right-Wing Political Machine Is Dismantling Higher Education in North Carolina

Image <i>The University of North Carolina in Chapel Hill, N.C. (AP Photo/Gerry Broome)</i>On a Monday afternoon in April, a few dozen people gathered in a …

School heads raise alarm over new duty to protect students from extremism

Anti-terrorism laws requiring schools to monitor and shield pupils from radicalisation put at risk the debate that is at the heart of learning, say staff<p>Anna – not her real name – finds it hard to imagine a scenario that would prompt her to report that a pupil was at risk of being sucked into …

Golden State Democrats play hard to get on fast track

California would be the third-largest economy in the proposed Trans-Pacific Partnership pact and one of the biggest potential beneficiaries, but that hasn’t stopped most of the state’s lawmakers from opposing the deal despite President Barack Obama’s efforts to build support in the Golden State.<p>Two …

Argentina strike: Transport hit by second major walkout

<b>A major transport strike in Argentina has brought parts of the country to a standstill as unions protest against high taxes and inflation.</b><p>The 24-hour walkout - the second in three months - affects bus, train, plane and underground services.<p>Swathes of the capital Buenos Aires ground to a halt after …

Who's afraid of the Indigenous middle class?

The acrimonious fight between the Aboriginal Housing Company seeking to redevelop the Block in Redfern and the community protestors who have erected a tent embassy to protest reveals deep divisions in the Redfern community.<p>I’ve known Mick Mundine, the CEO of the Aboriginal Housing Company, and …

Chicago Teachers Union plans rally amid contract talks

The Chicago Teachers Union's scheduled rally Tuesday outside the Thompson Center is intended as a public display of power as bargaining teams continue to work on a new contract.<p>The CTU fired up its members with a similar gathering in May 2012, deploying a show of force at the Auditorium Theatre to …

Economic Recovery Highlights Economic Inequality - Clippings

A recent New York Times/CBS News poll finds that nearly 60% of Americans are concerned with income inequality. The overall results may be surprising, …

Bill Says There Is No Such Thing as Income Inequality; Americans Are Just Stupid - The Ring of Fire Network

According to Bill O’Reilly, income inequality is just a ruse by the Democratic party to get votes America’s idiotic poor. What Bill O’Reilly claims …

This governor has a message for businesses about the minimum wage

The governor of Kentucky is calling on fellow politicians and business leaders to follow his lead and give low-wage workers a raise.<p>Governor Steve Beshear signed an executive order Monday that raises the minimum wage for certain state employees to $10.10 per hour, compared with a state-wide floor …

The super-rich are taking us for a ride: The obscene concentration of wealth at the top

<b>Justin Theroux in "American Psycho"</b><p>A nauseating new IRS report reveals just how much money the top one-thousandth of the 1 percent is hoarding<p>Thom Hartmann<p>June 9, 2015 8:30am (UTC)<p>This article originally appeared on AlterNet.<p>Why are our seniors paying higher taxes on their social security benefits …

Middle-class

Lowering your Risks with a 401k Investment Plan

Did you ever realize that over the entire country, a quarter of all households have just $1000 in what they own, apart from their house? And half the …

Want a healthy, rich retirement? Keep working

Virgil Hermsen is 83, but he never really retired, even after selling his feed and grain business and closing his antiques store and furniture restoration shop.<p>Hermsen, of New Vienna, Iowa, now drives a school bus, tends bar one night a week and does some woodworking in his free time.<p>"I gotta stay …

You Are Doing an Overall Lousy Job of Saving for Retirement

Could some of you at least pretend you care about saving for retirement? The alternative would be just too depressing to consider, if it wasn't …

Most Americans Aren’t Ready for Retirement, Half Over 55 Have No Funds

Many Americans in that age range have no savings at all or lack the expertise and time to determine whether their employers' retirement plan is a …

Canadian, World, Politics and Business News & Analysis

Student loan debt could destroy your retirement

As problems in retirement go, this could become a big one.<p>People saving for retirement (those ages 55 to 64), and retirees (ages 65 to 74) are …

Personal Finance

8 Reasons Why Your Retirement Cost Calculations May Be Wrong

Saving for retirement is tricky, in part because you don't really have a clear idea of how much money you'll need when you stop working. There are …

Social Security overpaid nearly half on disability, watchdog says

Social Security overpaid nearly half the people receiving disability benefits over the past decade, according to a government watchdog, raising questions about the management of the cash-strapped program.<p>In all, Social Security overpaid beneficiaries by nearly $17 billion, according to a 10-year …