Where is the Money Going?

1 to 16 of about 1458 News
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Average U.S. Household Earned an Extra 50 Cents a Day Last Year

The average American household made more money last year, new federal data shows. But don’t go shopping for Beverly Hills real estate quite yet—the boost amounted to only 50 cents a day. Of course, that’s just an average. Corporate CEOs are doing much better than last year, while economic gains haven’t made their way to the middle class because of such developments as the decline in union membership and the number of workers being replaced by machines.   read more

Treasury Dept. Ignores Fraud Charges and Awards Comerica 5 more Years of Providing Benefit Cards to Elderly and Disabled

The Center for Public Integrity found that an “aggressive” marketing campaign by Comerica and the Treasury Department resulted in a million Americans being sent “Direct Express” benefit cards—used to distribute Social Security and disability payments—to people who didn’t need or request them. This resulted in a financial gain for the bank, given that card fees are much higher than direct deposit into an account, which many of the card recipients already had.   read more

Outsourcing Special Ops: $2.5 Billion a Year Industry

More than half of that $13 billion in spending, says Black, went to just eight companies: Lockheed Martin, L-3 Communications, Boeing, Harris Corporation, Jacobs Engineering Group, MA Federal, Raytheon and ITT Corporation. “Among the most expensive individual transactions,” wrote Black, “[were] radio communications from Harris Corporation; translation support in classified locations from Shee Atika LLC; procurement of drones equipment from Aerovironment Inc.”   read more

Walmart Forces Employees to Buy New Uniforms…at Walmart

The new dress code mandates that workers don a collared blue or white shirt and black or khaki pants. There’s the Walmart vest, too, which the company provides. But everything else must be paid for out of employees’ pockets. Many workers have expressed frustration and outrage over the new policy, given that full-time personnel make on average only $27,000 a year. The retail giant also employs a significant number of part-time help, who make even less money.   read more

Only 28% of American Workers are Employed by Companies Less than 16 Years Old

Only 28% of the U.S. workforce is currently employed by companies less than 16 years old, according to the Brookings Institution. Back in 1992, the figure was 40%. The authors concluded that the trend toward older businesses is “disturbing” because newer firms tend to be responsible for more innovations than older companies.   read more

Big Battle in the Soda Tax War

In what may be the biggest battle yet in the fight to pass a tax on soft drinks, voters in Berkeley, California, will decide in November whether to adopt a one-cent-per-fluid-ounce tax on soda companies. But the industry, which has successfully defeated every soda tax effort in the country so far, is determined to keep Berkeley from becoming the first community to take this big step.   read more

U.S. Government Okays Huge For-Profit Immigrant Detention Center

The South Texas Family Detention Center, which will be located 70 miles outside San Antonio, would be operated by the nation’s largest private prison company, Corrections Corporation of America (CCA). The land that ICE hopes to lease currently stands as a fenced campus capable of housing 680 people. Additional buildings would be constructed to handle the 2,400 detainees.   read more

Fatherhood Helps a Man’s Career; Motherhood Hurts a Woman’s

The gender pay gap, which had been shrinking for 25 years, has stalled since 2003. Women who have never been married earn 96% of what men earn, but for married women the number is only 77%. The problem is worst among low-income women. They have fewer benefits, less access to child care and so are more likely to cut their hours or quit work altogether after having a child.   read more

Federal Judge Details BP’s Gross Negligence in Deepwater Horizon Disaster

U.S. District Judge Carl Barbier in Louisiana tagged BP with the bulk of the responsibility for the disaster that killed 11 workers and dumped millions of gallons of oil into the Gulf of Mexico. In liability terms, Barbier found BP was 67% responsible, while Transocean, which owned the oil rig, and Halliburton Co., which performed cement work on the ruptured well, were tagged for only 30% and 3%, respectively.   read more

Koch Brothers Responsible for almost 10% of TV Campaign Ads So Far this Year

Of the estimated 400,000 political ads that have aired so far in the battle over control of the U.S. Senate, nearly 10% have been generated by the “secretive political network of conservative billionaires Charles and David Koch,” according to the Center for Public Integrity. The number of Koch-funded commercials is pegged at more than 43,900.   read more

Did Budget Cuts Cause a 12-Year-Old to Die of Asthma?

No health care professional was on duty that day at Bryant because the school’s only nurse had her days reduced to just two per week due to $1 billion in state budget cuts. More than 100 nursing positions at Philadelphia schools were slashed during the summer of 2013 as a result of that cutback. The girl “was kept at school, despite her having told defendants that she could not breathe,” the lawsuit states.   read more

Tax-Exempt Organizations Still Have to Pay Payroll Taxes…and Owe at least $875 Million

Receiving tax-exempt status from the Internal Revenue Service means a group avoids paying income taxes, but they still must pay payroll taxes. This fact of the federal tax code has been lost on more than 64,000 organizations that collectively owed the government $875 million in back taxes as of 2012.   read more

Cost of “Free” Public School Education Jumps 20% for Middle School Students in One Year

Mom and Dad can expect to spend 20% more than last year on school supplies, uniforms and other expenses for children in middle school. The increase is 5% for high school students and 11% for elementary students. The average costs this year come out to $642 for K-6, $918 for middle school and $1,284 for high school.   read more

Government Spent $2.8 Million to Study Why Lesbians Tend to be Obese

The National Institutes of Health (NIH) is going on year four of its examination into why nearly three-quarters of adult lesbians are overweight or obesen. The project has so far consumed $2.87 million in taxpayer dollars. According to the research, lesbians reportedly have lower “athletic self-esteem” that may contribute to obesity development. Surveys also show that lesbians are more likely to see themselves at a healthy weight when they’re not.   read more

Thanks to Supreme Court McCutcheon Ruling, Super Rich Pour Money into Election Campaigns

Overall, Republicans have benefited more from the McCutcheon than Democrats, having raked in $33.3 million from the 310 top donors versus $15.6 million, respectively. The Koch brothers, plus extended family, have contributed $736,500 (Charles Koch $164,800, David Koch $258,500, Chase Koch [Charles’ son] $158,800, Julia Koch [David’s wife] $154,400).   read more

Citizens United Decision Gave Republican Candidates in State Races 6% Better Chance of Winning

Overall, Citizens United has meant a 6% increase in the probability of GOP victories in statehouse contests across the country. In Michigan, Minnesota, Montana, North Carolina, Ohio and Tennessee, the bump has amounted to 10%. In Colorado, Iowa, Texas, Wisconsin and Wyoming, Republicans have had a 7% boost in their chances of winning.   read more
1 to 16 of about 1458 News
1 2 3 ... 92 Next

Where is the Money Going?

1 to 16 of about 1458 News
1 2 3 ... 92 Next

Average U.S. Household Earned an Extra 50 Cents a Day Last Year

The average American household made more money last year, new federal data shows. But don’t go shopping for Beverly Hills real estate quite yet—the boost amounted to only 50 cents a day. Of course, that’s just an average. Corporate CEOs are doing much better than last year, while economic gains haven’t made their way to the middle class because of such developments as the decline in union membership and the number of workers being replaced by machines.   read more

Treasury Dept. Ignores Fraud Charges and Awards Comerica 5 more Years of Providing Benefit Cards to Elderly and Disabled

The Center for Public Integrity found that an “aggressive” marketing campaign by Comerica and the Treasury Department resulted in a million Americans being sent “Direct Express” benefit cards—used to distribute Social Security and disability payments—to people who didn’t need or request them. This resulted in a financial gain for the bank, given that card fees are much higher than direct deposit into an account, which many of the card recipients already had.   read more

Outsourcing Special Ops: $2.5 Billion a Year Industry

More than half of that $13 billion in spending, says Black, went to just eight companies: Lockheed Martin, L-3 Communications, Boeing, Harris Corporation, Jacobs Engineering Group, MA Federal, Raytheon and ITT Corporation. “Among the most expensive individual transactions,” wrote Black, “[were] radio communications from Harris Corporation; translation support in classified locations from Shee Atika LLC; procurement of drones equipment from Aerovironment Inc.”   read more

Walmart Forces Employees to Buy New Uniforms…at Walmart

The new dress code mandates that workers don a collared blue or white shirt and black or khaki pants. There’s the Walmart vest, too, which the company provides. But everything else must be paid for out of employees’ pockets. Many workers have expressed frustration and outrage over the new policy, given that full-time personnel make on average only $27,000 a year. The retail giant also employs a significant number of part-time help, who make even less money.   read more

Only 28% of American Workers are Employed by Companies Less than 16 Years Old

Only 28% of the U.S. workforce is currently employed by companies less than 16 years old, according to the Brookings Institution. Back in 1992, the figure was 40%. The authors concluded that the trend toward older businesses is “disturbing” because newer firms tend to be responsible for more innovations than older companies.   read more

Big Battle in the Soda Tax War

In what may be the biggest battle yet in the fight to pass a tax on soft drinks, voters in Berkeley, California, will decide in November whether to adopt a one-cent-per-fluid-ounce tax on soda companies. But the industry, which has successfully defeated every soda tax effort in the country so far, is determined to keep Berkeley from becoming the first community to take this big step.   read more

U.S. Government Okays Huge For-Profit Immigrant Detention Center

The South Texas Family Detention Center, which will be located 70 miles outside San Antonio, would be operated by the nation’s largest private prison company, Corrections Corporation of America (CCA). The land that ICE hopes to lease currently stands as a fenced campus capable of housing 680 people. Additional buildings would be constructed to handle the 2,400 detainees.   read more

Fatherhood Helps a Man’s Career; Motherhood Hurts a Woman’s

The gender pay gap, which had been shrinking for 25 years, has stalled since 2003. Women who have never been married earn 96% of what men earn, but for married women the number is only 77%. The problem is worst among low-income women. They have fewer benefits, less access to child care and so are more likely to cut their hours or quit work altogether after having a child.   read more

Federal Judge Details BP’s Gross Negligence in Deepwater Horizon Disaster

U.S. District Judge Carl Barbier in Louisiana tagged BP with the bulk of the responsibility for the disaster that killed 11 workers and dumped millions of gallons of oil into the Gulf of Mexico. In liability terms, Barbier found BP was 67% responsible, while Transocean, which owned the oil rig, and Halliburton Co., which performed cement work on the ruptured well, were tagged for only 30% and 3%, respectively.   read more

Koch Brothers Responsible for almost 10% of TV Campaign Ads So Far this Year

Of the estimated 400,000 political ads that have aired so far in the battle over control of the U.S. Senate, nearly 10% have been generated by the “secretive political network of conservative billionaires Charles and David Koch,” according to the Center for Public Integrity. The number of Koch-funded commercials is pegged at more than 43,900.   read more

Did Budget Cuts Cause a 12-Year-Old to Die of Asthma?

No health care professional was on duty that day at Bryant because the school’s only nurse had her days reduced to just two per week due to $1 billion in state budget cuts. More than 100 nursing positions at Philadelphia schools were slashed during the summer of 2013 as a result of that cutback. The girl “was kept at school, despite her having told defendants that she could not breathe,” the lawsuit states.   read more

Tax-Exempt Organizations Still Have to Pay Payroll Taxes…and Owe at least $875 Million

Receiving tax-exempt status from the Internal Revenue Service means a group avoids paying income taxes, but they still must pay payroll taxes. This fact of the federal tax code has been lost on more than 64,000 organizations that collectively owed the government $875 million in back taxes as of 2012.   read more

Cost of “Free” Public School Education Jumps 20% for Middle School Students in One Year

Mom and Dad can expect to spend 20% more than last year on school supplies, uniforms and other expenses for children in middle school. The increase is 5% for high school students and 11% for elementary students. The average costs this year come out to $642 for K-6, $918 for middle school and $1,284 for high school.   read more

Government Spent $2.8 Million to Study Why Lesbians Tend to be Obese

The National Institutes of Health (NIH) is going on year four of its examination into why nearly three-quarters of adult lesbians are overweight or obesen. The project has so far consumed $2.87 million in taxpayer dollars. According to the research, lesbians reportedly have lower “athletic self-esteem” that may contribute to obesity development. Surveys also show that lesbians are more likely to see themselves at a healthy weight when they’re not.   read more

Thanks to Supreme Court McCutcheon Ruling, Super Rich Pour Money into Election Campaigns

Overall, Republicans have benefited more from the McCutcheon than Democrats, having raked in $33.3 million from the 310 top donors versus $15.6 million, respectively. The Koch brothers, plus extended family, have contributed $736,500 (Charles Koch $164,800, David Koch $258,500, Chase Koch [Charles’ son] $158,800, Julia Koch [David’s wife] $154,400).   read more

Citizens United Decision Gave Republican Candidates in State Races 6% Better Chance of Winning

Overall, Citizens United has meant a 6% increase in the probability of GOP victories in statehouse contests across the country. In Michigan, Minnesota, Montana, North Carolina, Ohio and Tennessee, the bump has amounted to 10%. In Colorado, Iowa, Texas, Wisconsin and Wyoming, Republicans have had a 7% boost in their chances of winning.   read more
1 to 16 of about 1458 News
1 2 3 ... 92 Next