Progressive News Feeds

On Sunday, economist Paul Krugman hit back against GOP claims that public sector employment has increased under Obama, and that such jobs consist mainly of wasteful bureaucrats and somehow count less economically than private sector ones. Back in September it was tea party Senator Rand Paul (R-KY) toeing that line , and this morning it was former Republican gubernatorial candidate Carly Fiorina

Tags: budget, climate, health, jobs, lgbt, media, politics, security

While the richest Americans have fared well during the sluggish economic recovery, most Americans continue to struggle with falling wages and job uncertainty. According to a new report from the Conference Board, 62 percent of workers between 45 and 60 plan to delay their retirements , a stark jump from 2010 when 42 percent of workers planned a delay. Job loss, financial loss, and a lower salary caused many workers to reshape their future plans: Right now, more than half of middle class workers are expected to outlive their retirement savings , as pension plans have declined dramatically.

Tags: archives, auto, black, feeds, left-bottom, media, retirement, social security, taxes, tweets, yahoo

When the Dodd-Frank financial reform law first passed, Senate Republicans refused to confirm a director for the newly-created Consumer Financial Protection Bureau. They promised to block any nominee — regardless of that nominee’s qualifications for the job — unless the Bureau was weakened and made subservient to the same bank regulators who failed to prevent the 2008 financial crisis. President Obama was thus forced to recess appoint Ohio Attorney General Richard Cordray to be the Bureau’s first director.

Tags: attorney, author, auto, budget deficit, climate, consumer, deficit, financial, house, jobs, president, thinkprogress

American corporations avoid millions of dollars in taxes each year by reporting that large shares of their income are earned in five popular tax havens, even though small segments of their workforce and investment take place in those countries, according to data from the Congressional Research Service. The report analyzed five countries — Switzerland, Ireland, the Netherlands, Bermuda, and Luxembourg — that serve as popular tax havens, compared with five countries — Canada, Germany, the United Kingdom, Australia and Mexico — where American companies typically do large shares of their business

Tags: archives, author, bermuda, budget deficit, climate, congress, countries, facebook, media, progressive news, security, tweets

Rep. Mo Brooks (R-AL) Rep

Tags: author, bush, facebook, government, health, obama, security, the nation

During an interview on Meet The Press on Sunday, Rep. Paul Ryan (R-WI) predicted that the sequester cuts are “going to happen” and made no concrete proposals for how to avoid the reductions. The tone represents a sharp rhetorical and policy shift for the onetime GOP vice presidential nominee, who warned during the 2012 presidential campaign that the cuts would “ devastate ” the country and undermine job growth

Tags: auto, barack-obama, election, european, food, government, house speaker, media, white house

High-frequency trading — using computer algorithims to trade stocks by the millisecond — has exploded in recent years. One Democratic Rep. is urging the Securities and Exchange Commission to do something about it, using a law that he authored more than two decades ago : Rep.

Tags: action, climate, ed markey, financial regulation, lgbt, massachusetts, power, security, stock market, transportation

“Hope and change,” the ’08 Obama promised. It sounds like a bitter joke to many now. What change have we seen, they ask

Tags: action, africa, climate-change, election, financial regulation, internet, lgbt, media, politics, tweets

Billy Ray Cyrus According to an investigation by The Knoxville News Sentinel, wealthy individuals — including corporate CEOs and country music stars — are taking advantage of a loophole in Tennessee law to claims huge tax breaks on their property. This tax provision is meant to help farmers, but instead is helping members of the 1 percent save tens of thousands of dollars on their property taxes every year: An investigation by The Knoxville News Sentinel and The Commercial Appeal found…an impressive roster of wealthy Tennesseans who make their millions elsewhere but use the farmland protection law to escape much of their local property tax bills — from Fortune 500 executives to country music stars.

Tags: action, country-music, economic policy, economy, feeds, health, media, politics, state budgets, taxes

Arthur Allen, CEO of ASG Software Solutions A growing number of CEOs are pressuring their employees to vote for Mitt Romney, whose tax cut plan could offer millionaires an $87,000 tax break .

Tags: director, economy, election, facebook, lgbt, media, mitt-romney, president, security, taxes, thinkprogress