WASHINGTON — Google will join thousands of tech activists, entrepreneurs and corporations on Wednesday in protesting the proposed Stop Online Piracy Act, a controversial bill that has generated national outrage among Internet experts. On Wednesday, more than 7,000 websites are expected to voluntarily “go dark,” by blocking access to their content to protest the bill, according to [...]
The United Auto Workers (UAW) union and Chrysler have reached a tentative four-year labor contract deal, the automaker said on Wednesday. The deal follows agreements between the UAW and Chrysler’s Detroit rivals General Motors and Ford. The UAW deal is Chrysler’s first since its bankruptcy and government bailout in 2009. It covers its 26,000 hourly [...]
As Yale University economists gathered on Thursday evening to discuss job growth strategies, many warned that a failure to act aggressively risks the increasing possibility of many years of economic stagnation, elevated joblessness and declining living standards. Some suggested that the government must act quickly to put millions of Americans back to work with large-scale [...]
WASHINGTON — Joseph Rotella is president and owner of the Spencer Organ Co., a small business with 10 employees that specializes in rehabilitating pipe organs from churches and communities around the country. The operation does quite well, with roughly $2 million in revenue a year and enough profit to land Rotella squarely in the top [...]
WASHINGTON — Herman Cain’s now-famous “9-9-9″ tax plan was crafted by a rank-and-file investment adviser working at a Wells Fargo branch in an affluent rural Ohio town with a population of about 6,000 people. Cain name-checked Richard Lowrie during Tuesday night’s Republican debate on economic policy, and his campaign confirmed to HuffPost that Richard Lowrie [...]
Households are facing the greatest fall in income for 35 years, leading financial experts warn. The delayed impact of the recession will see £2,000 wiped off the annual income of the typical family. The Institute for Fiscal Studies predicts that household spending power will fall by 7 per cent in real terms between 2009-10 and [...]
WASHINGTON — A throng of the out-of-work and underemployed gathered in the atrium of a Senate office building Tuesday afternoon to urge lawmakers to pass President Barack Obama’s jobs bill. As expected, the lawmakers did not listen. The $447 billion package failed in a Senate vote on Tuesday night, with 46 Republicans and two Democrats voting [...]
Former President Bill Clinton joined Governor Cuomo on Tuesday at an economic development conference to discuss the importance behind technology investments to boost the state’s current job market. Clinton was the keynote speaker at The New York Open for Business Statewide Conference in Albany, where it was announced that tech giants IBM, Intel, Global Foundries, TSMC and Samsung [...]
WASHINGTON — Newly released U.S. Census data reveal that poverty levels have skyrocketed, but in most states, the tax systems disproportionally burden the poor. Most states also impose tax structures similar to what current Republican presidential candidates are advocating, and experts warn these should serve as cautionary tales against implementing them on a national level. Contrary [...]
WASHINGTON — Even if Congress heeds President Barack Obama’s demands to “pass this bill right away” and enacts his jobs and tax plan in its entirety, the unemployment rate probably still would hover in nosebleed territory for at least three more years. Why? Because the 1.9 million new jobs the White House says the bill [...]
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