News Headline Articles

'Jobless Recovery' Could Last for Years, ILO Warns

The world could face years of rising global unemployment that will hit young people especially hard, a report from the International Labor Organization cautions on the eve on the World Economic Forum in Davos.


Trickle Down: The Great Lie of Our Lifetime

'Trickle down' is the fundamental building block of supply-side economic theory, but evidence is growing that governments have been pulling at economic levers that are attached to nothing.


Oxfam: 85 People Own Half the World's Wealth

Wealthy elites have rigged the rules of the economic game, undermining democracy and creating a world where the world's 85 richest people own the wealth of half of the world's population, worldwide development organization Oxfam said in a report published Monday.


Obama Announces Initiative to Expand College Access

President Obama announced new measures with colleges across the country to expand access for low-income students, touting the effort as a successful initiative that didn't rely on congressional action.


California Declares Drought Emergency

Gov. Jerry Brown announced a state of emergency Friday that has been all but official for weeks: California is in a drought.


Why Women Are Key to U.S. Workforce

If women are financially impeded by "systemic" restrictions in the workplace, the entire middle class and American economy are held back too, New York Sen. Kirsten E. Gillibrand said.


U.S. Industrial Production Rises for 5th Month

U.S. industrial production rose for a fifth straight month in December, suggesting that factories gave economic growth a strong boost at the end of the year.


Home Construction in 2013 Was Best in 5 Years

U.S. home construction dipped in December but ended the year with the best showing since the housing bubble burst in 2007.


World Economic Forum Warns of Growing Income Gap

A growing gap between rich and poor poses the biggest single risk to the world in 2014, even as economies in many countries start to recover, the World Economic Forum said on Thursday.


Congress Inches Closer to Budget Deal

Congress edged Thursday toward final approval of a $1.1 trillion bipartisan compromise spending bill that all but banishes the specter of an election-year government shutdown and underscores lawmakers' fatigue with budget battles.


U.S. Weekly Jobless Claims Drop to 326,000

Applications for unemployment benefits appear to have stabilized near pre-recession levels, a positive sign for hiring going forward.


World Bank Sees Global Economic Growth Ahead

The World Bank says the global economy is slowly picking up steam, though prospects remain vulnerable to rising interest rates and potential volatility in capital flows as the Federal Reserve eases up on its stimulus program.


Top 1 Percent Reaps 90 Percent of Income Gains

President Obama has acknowledged that the record gap between the rich and everyone else has only grown on his watch, and has vowed to devote his final three years in office to trying to rectify the situation.


Gas Prices Goosed Wholesale Costs in December

U.S. wholesale prices increased last month, ending three straight months of falling prices, but inflation remained mild, the Labor Department reported Wednesday.


Little Progress in Boardroom Diversity

Hispanics represent just 3 percent of boardroom seats on Fortune 500 companies, according to the latest Corporate Governance Study by the Hispanic Association on Corporate Responsibility.


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