Saturday, February 13, 2016
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How Corporate Bamboozlers Intend To Widen Inequality In America

The basic problem facing the corporate and political powers that want you and me to swallow their Trans-Pacific Partnership deal is that they can’t make chicken salad out of chicken manure.

But that reality hasn’t stopped their PR campaign, pitching their “salad” as good and good for you! For example, a recent article touted a study blaring the happy news that TPP will increase real incomes in the U.S. by $133 billion a year. Even if that were true (and plenty of other studies show that it’s not), it’s a statistic meant to dazzle rather than enlighten, for it skates around the real bottom line for the American public: An increase in income for whom?…

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U.S. Labor Market On Solid Ground As Jobless Rate Hits Eight-Year Low

By Lucia Mutikani

WASHINGTON (Reuters) – U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but rising wages and an unemployment rate at an eight-year low suggested the labor market recovery remains firm.

Non-farm payrolls increased by 151,000 jobs and the unemployment rate slipped one-tenth of a percentage point to 4.9 percent, the lowest since February 2008, the Labor Department said on Friday. The payrolls gain was a sharp step-down from the average 231,000 jobs per month during the fourth quarter.

“The fact that payroll gains fell back to earth is not necessarily a bad sign.…

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Millennials Are Really Worried About The Economy — And Their Future

Millennials now constitute the largest voting bloc in the country, but they are considered the most politically disengaged. Despite counting 88 million people, only 45 percent of them voted in the 2012 elections; in 2008, an election with historic turnout, only 49 percent of 18-to-24-year-olds voted. That leaves a huge swatch of Millennials unengaged and possibly uninterested in national elections, and demographers, marketers, activists and politicians are wondering why.

A new report by Democracy Corps offers some clues, highlighting two demographic segments within the millennial generation – white men and black women – who on the surface would seem to have different concerns.…

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