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Life In The Trench: Productivity on the Backs of Employees, Big Bonus for the Boss

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Life In The Trench: Productivity on the Backs of Employees, Big Bonus for the Boss

This post originally appeared on our sister website, About Your Job. This is a guest post from R. David Thomas, a writer living Santa Cruz, California: There is no caste system in the United States of America. Politicians and party line pundits are quick to denounce the existence of class warfare. However it is alive and […]

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U.S. Census Bureau Reports Record Number Living in Poverty, Declines in Pay and Health Insurance Coverage

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U.S. Census Bureau Reports Record Number Living in Poverty, Declines in Pay and Health Insurance Coverage

The U.S. Census Bureau reports that an estimated 46.2 million people, 15.1% of the population, living in poverty. It is the largest number in the 52 years that Census Bureau has been estimating the poverty rate in the U.S. The real benefits of health care reform won’t kick until 2014. Meanwhile, nearly 50 million Americans, […]

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“I will never feel comfortable investing in the stock market”…Younger Workers Scared Off Stocks After Wall Street Plays Fast and Lose, Survey Finds

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“I will never feel comfortable investing in the stock market”…Younger Workers Scared Off Stocks After Wall Street Plays Fast and Lose, Survey Finds

From Investment News: According to the results of a survey of American members of Generation Y, 77 million people ages 18 to 30 with nearly $1 trillion worth of spending power, lean towards a conservative approach when investing their money. The survey of nearly 1,000 Gen Y investors with more than $100,000 worth of investible assets […]

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Retirement Fantasies and Hard Reality

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Retirement Fantasies and Hard Reality

Definitely palm trees, two in fact. With my Oaxacan hammock suspended between them, and me cooled by gentle ocean breezes while being kept company by a thick stack of great books. That’s my personal retirement fantasy. Everyone should have one. We all know that a rich fantasy life will get us through the worst times. […]

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Unemployment rate: The drop may mean people just gave up looking for jobs – latimes.com

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Unemployment rate: The drop may mean people just gave up looking for jobs – latimes.com

The Labor Department said Friday that a modest 103,000 jobs were added nationwide in December, suggesting that the drop in unemployment stemmed in large part from more workers giving up looking for jobs. Just another reminder of how Cheny, Ex-Prez Stoopid and the GOP’s polices fucked up our economy long term. And this is supposedly […]

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Tell Me About It: Older unemployed workers still suffering, jobs numbers show | Money & Company | Los Angeles Times

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Friday’s jobless figures show that the unemployment situation for older folks is improving slightly, but that they’re still among the hardest hit by the recession. People over 55 who had lost their jobs saw their average duration of unemployment fall to 42.8 weeks in December, from 44.9 in November, according to an AARP analysis of […]

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Nicolas Sarkozy calls for calm as French pension protests gather pace | World news | The Guardian

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Nicolas Sarkozy calls for calm as French pension protests gather pace | World news | The Guardian

Strikes gathering pace against Nicolas Sarkozy’s pension reforms appeared to be pushing France closer to crisis today as fuel shortages were felt across the country and violence erupted on the sidelines of protests by children. via Nicolas Sarkozy calls for calm as French pension protests gather pace | World news | The Guardian.

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Gap Between Rich and Poor Wider Than Ever

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Gap Between Rich and Poor Wider Than Ever.

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Robert Reich – The Defining Issue: Who Should Get the Tax Cut – The Rich or Everyone Else?

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Robert Reich – The Defining Issue: Who Should Get the Tax Cut – The Rich or Everyone Else?

The rich spend a far smaller portion of their money than anyone else because, hey, they’re rich. That means continuing the Bush tax cut for them wouldn’t stimulate much demand or create many jobs. But it would blow a giant hole in the budget — $36 billion next year, $700 billion over ten years. Millionaire […]

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The Angry Rich and Taxes

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The Angry Rich and Taxes

  Op-Ed Columnist – The Angry Rich and Taxes – NYTimes.com. If you want to find real political rage — the kind of rage that makes people compare President Obama to Hitler, or accuse him of treason — you won’t find it among these suffering Americans. You’ll find it instead among the very privileged, people […]

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