Where is the Money Going?

1 to 16 of about 1442 News
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Temp Workers at Record High; Earn $3.44 an Hour less than Other Workers

The number of temps in the U.S. has reached 2.8 million, the highest ever recorded. Temps earn less than counterparts with permanent jobs, according to the study. Temps make an average of $12.40 an hour, compared with $15.84 earned by all private-sector workers, regardless of industry.   read more

Outsourcing Probation Puts the Costs on the Poor

Sentinel Offender Services charges offenders up to $100 a month for its services. Those on probation don’t have a choice in paying the cost, as the case-management and drug counseling services they receive are court-ordered. Washington state charges for jury trials—$250 for a 12-person jury, half that for six people.   read more

Black Unemployment Rate is Twice that of White and Asian Unemployment Rates

For blacks, the jobless rate in 2013 was twice that of whites, and even greater compared to that of Asian-Americans, according to a report from the Bureau of Labor Statistics (BLS). The unemployment rate for African-Americans was 13.1%; for whites, it was 6.5%. American Indians and Alaska Natives also had a high jobless rate of 12.8%, while the unemployment rate among Hispanics was 9.1%. Asians had the lowest unemployment rate at 5.2%.   read more

Troubles in the Blood Industry

Transfusions are down about 30% since 2009, going from 15 million units to 11 million. Blood banks’ revenue is falling as well, down about $1.5 billion a year from a peak of $5 billion. The Red Cross told Wald that up to 12,000 blood bank jobs may be eliminated over the next three to five years, representing about 25% of the industry total.   read more

156,000 Seniors Have Social Security Checks Reduced…to Pay Off Student Loans

At a time when thousands of Americans are trying to enjoy, if not just survive, their golden years, the federal government has been garnishing their Social Security checks to pay off old student loans. About 156,000 individuals have found themselves in this situation, losing on average $180 out of a typical monthly check of $1,200.   read more

3 Federal Agencies that Don’t Provide Full Benefits for Same-Sex Couples

The Department of Veterans Affairs (VA), the Social Security Administration (SSA) and the Railroad Retirement Board are not providing full benefits to same-sex couples. The VA says Title 38 of the U.S. Code requires that benefits decisions be based on a person’s state of residence, and if that state forbids gay marriage, then the employee is out of luck.   read more

Which Companies Profit from the Use of Military Equipment by Police?

LRAD Corporation makes long-range acoustic devices that produce high-decibel noises that can chase away pirates on the high seas or disrupt protestors. Lenco builds and sells the Bearcat armored truck, which is a version of the Mine Resistant Ambush Protected vehicle used in Afghanistan and Iraq to protect troops from mines and IEDs, none of which have ever been deployed in St. Louis County.   read more

Census Bureau Confirms Growing Wealth Inequality

From 2000 to 2011, the median household net worth for the bottom 20% plunged by $5,124—while the richest 20%, the highest quintile, enjoyed a jump of $61,379. Those aged 35 to 44 had the largest percentage decrease in net worth, 41.4%. The ages 65 to 69 really are the golden years; these seniors saw the largest percentage increase in net worth, going up by 25.9%.   read more

DynCorp Sued for Defrauding U.S. Army with Anti-Terrorism Program

Some invoices billed the Army for employees working more than 24 hours a day and DynCorp also is said to have charged the Army for workers unqualified for the positions they were supposed to be filling. The earlier IG investigation showed the Army being billed for one employee working 1,208 hours over 12 days. That’s a lot of multi-tasking considering there are only 288 hours in 12 days.   read more

45% of Americans Try to Include Organic Foods in their Diet…and 15% Try to Avoid Them

Regionally, organic foods rated the highest in the West (54%), followed by 47% in the Midwest, 43% in the South and 39% in the East. Half of urbanities say they try to eat organic foods, while 46% of those in the suburbs said the same thing. Only 37% of rural and small-town residents try to include organic foods in their diets.   read more

Three-Quarters of Small Wind Turbines Produced in U.S. are Sold to other Countries

Producers of small wind turbines in the United States aren’t selling as many of their units to American operators, so they’ve shifted their sales efforts to foreign buyers. The move comes largely because Congress did not renew a $13 billion subsidy, the Wind Production Tax Credit (WPTC), designed to help the wind industry in the U.S.   read more

$3 Billion Job Training Program Can Lead to Debt instead of Work

A big mistake in developing the program, according to Williams, was a lack of proper government oversight. The feds provided money for the program, while the states took care of licensing training programs. However, officials are prohibited from recommending schools to prospective students, which leaves unscrupulous colleges an opening to exploit those looking for a new career.   read more

Job Openings Hit 13-Year High

The one discordant note is that hiring has not risen at the same rate as job openings. Openings are up 17.6% in the past year, while hires have increased only 9.3%. Some economists say it’s because companies might not be offering high enough wages. Others say the disparity is because of a mismatch between the jobs that are available and the skills of job seekers. For example, a former factory worker wouldn’t necessarily be qualified to fill a nursing position.   read more

Patent Office Hid Details of Workers Lying about Hours from Inspector General

A Patent Office employee put a “mouse-mover” program on his computer so it would appear he was working. It was noticed by a manager, who reported it up the chain of command, but no action was taken. Many employees did little work until the end of each quarter, when they’d rush to complete their required tasks before their deadline. Meanwhile, the agency has fallen behind on processing patent applications, creating a backlog of more than 600,000 requests.   read more

SEC Charges Kansas State Government with Bond Fraud

Between 2009 and 2010, officials made eight bond offerings. But at no time did they inform bond investors that Kansas’ public-employee pension was the second-most underfunded in the United States. At one point, the gap between the fund’s liabilities and assets reached $8.3 billion.   read more

Women Own 30% of U.S. Businesses, but only get 4% of Federal Contract Dollars

Women’s business-ownership more than doubled following the passage of the Women’s Business Ownership Act in 1988, going from 4.1 million small businesses to 8.6 million by last year. Women now own 30% of all businesses. But “Only 4 percent of the total dollar value of all small business loans goes to women entrepreneurs,” the report states.   read more
1 to 16 of about 1442 News
1 2 3 ... 91 Next

Where is the Money Going?

1 to 16 of about 1442 News
1 2 3 ... 91 Next

Temp Workers at Record High; Earn $3.44 an Hour less than Other Workers

The number of temps in the U.S. has reached 2.8 million, the highest ever recorded. Temps earn less than counterparts with permanent jobs, according to the study. Temps make an average of $12.40 an hour, compared with $15.84 earned by all private-sector workers, regardless of industry.   read more

Outsourcing Probation Puts the Costs on the Poor

Sentinel Offender Services charges offenders up to $100 a month for its services. Those on probation don’t have a choice in paying the cost, as the case-management and drug counseling services they receive are court-ordered. Washington state charges for jury trials—$250 for a 12-person jury, half that for six people.   read more

Black Unemployment Rate is Twice that of White and Asian Unemployment Rates

For blacks, the jobless rate in 2013 was twice that of whites, and even greater compared to that of Asian-Americans, according to a report from the Bureau of Labor Statistics (BLS). The unemployment rate for African-Americans was 13.1%; for whites, it was 6.5%. American Indians and Alaska Natives also had a high jobless rate of 12.8%, while the unemployment rate among Hispanics was 9.1%. Asians had the lowest unemployment rate at 5.2%.   read more

Troubles in the Blood Industry

Transfusions are down about 30% since 2009, going from 15 million units to 11 million. Blood banks’ revenue is falling as well, down about $1.5 billion a year from a peak of $5 billion. The Red Cross told Wald that up to 12,000 blood bank jobs may be eliminated over the next three to five years, representing about 25% of the industry total.   read more

156,000 Seniors Have Social Security Checks Reduced…to Pay Off Student Loans

At a time when thousands of Americans are trying to enjoy, if not just survive, their golden years, the federal government has been garnishing their Social Security checks to pay off old student loans. About 156,000 individuals have found themselves in this situation, losing on average $180 out of a typical monthly check of $1,200.   read more

3 Federal Agencies that Don’t Provide Full Benefits for Same-Sex Couples

The Department of Veterans Affairs (VA), the Social Security Administration (SSA) and the Railroad Retirement Board are not providing full benefits to same-sex couples. The VA says Title 38 of the U.S. Code requires that benefits decisions be based on a person’s state of residence, and if that state forbids gay marriage, then the employee is out of luck.   read more

Which Companies Profit from the Use of Military Equipment by Police?

LRAD Corporation makes long-range acoustic devices that produce high-decibel noises that can chase away pirates on the high seas or disrupt protestors. Lenco builds and sells the Bearcat armored truck, which is a version of the Mine Resistant Ambush Protected vehicle used in Afghanistan and Iraq to protect troops from mines and IEDs, none of which have ever been deployed in St. Louis County.   read more

Census Bureau Confirms Growing Wealth Inequality

From 2000 to 2011, the median household net worth for the bottom 20% plunged by $5,124—while the richest 20%, the highest quintile, enjoyed a jump of $61,379. Those aged 35 to 44 had the largest percentage decrease in net worth, 41.4%. The ages 65 to 69 really are the golden years; these seniors saw the largest percentage increase in net worth, going up by 25.9%.   read more

DynCorp Sued for Defrauding U.S. Army with Anti-Terrorism Program

Some invoices billed the Army for employees working more than 24 hours a day and DynCorp also is said to have charged the Army for workers unqualified for the positions they were supposed to be filling. The earlier IG investigation showed the Army being billed for one employee working 1,208 hours over 12 days. That’s a lot of multi-tasking considering there are only 288 hours in 12 days.   read more

45% of Americans Try to Include Organic Foods in their Diet…and 15% Try to Avoid Them

Regionally, organic foods rated the highest in the West (54%), followed by 47% in the Midwest, 43% in the South and 39% in the East. Half of urbanities say they try to eat organic foods, while 46% of those in the suburbs said the same thing. Only 37% of rural and small-town residents try to include organic foods in their diets.   read more

Three-Quarters of Small Wind Turbines Produced in U.S. are Sold to other Countries

Producers of small wind turbines in the United States aren’t selling as many of their units to American operators, so they’ve shifted their sales efforts to foreign buyers. The move comes largely because Congress did not renew a $13 billion subsidy, the Wind Production Tax Credit (WPTC), designed to help the wind industry in the U.S.   read more

$3 Billion Job Training Program Can Lead to Debt instead of Work

A big mistake in developing the program, according to Williams, was a lack of proper government oversight. The feds provided money for the program, while the states took care of licensing training programs. However, officials are prohibited from recommending schools to prospective students, which leaves unscrupulous colleges an opening to exploit those looking for a new career.   read more

Job Openings Hit 13-Year High

The one discordant note is that hiring has not risen at the same rate as job openings. Openings are up 17.6% in the past year, while hires have increased only 9.3%. Some economists say it’s because companies might not be offering high enough wages. Others say the disparity is because of a mismatch between the jobs that are available and the skills of job seekers. For example, a former factory worker wouldn’t necessarily be qualified to fill a nursing position.   read more

Patent Office Hid Details of Workers Lying about Hours from Inspector General

A Patent Office employee put a “mouse-mover” program on his computer so it would appear he was working. It was noticed by a manager, who reported it up the chain of command, but no action was taken. Many employees did little work until the end of each quarter, when they’d rush to complete their required tasks before their deadline. Meanwhile, the agency has fallen behind on processing patent applications, creating a backlog of more than 600,000 requests.   read more

SEC Charges Kansas State Government with Bond Fraud

Between 2009 and 2010, officials made eight bond offerings. But at no time did they inform bond investors that Kansas’ public-employee pension was the second-most underfunded in the United States. At one point, the gap between the fund’s liabilities and assets reached $8.3 billion.   read more

Women Own 30% of U.S. Businesses, but only get 4% of Federal Contract Dollars

Women’s business-ownership more than doubled following the passage of the Women’s Business Ownership Act in 1988, going from 4.1 million small businesses to 8.6 million by last year. Women now own 30% of all businesses. But “Only 4 percent of the total dollar value of all small business loans goes to women entrepreneurs,” the report states.   read more
1 to 16 of about 1442 News
1 2 3 ... 91 Next