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The gun-toting Pennsylvania police chief who posted incendiary videos in which he ranted about the Second Amendment and liberals while spraying machine-gun fire with borough-owned weapons could could soon find out whether he'll lose his job.
On Tuesday, the U.S. Census Bureau issued its annual report on income and poverty in the United States. It revealed what has been obvious in the five years since the collapse of Lehman Brothers and the onset of the Great Recession; something is really broken in our country. Since 1980 we have seen a steady climb in the share of income going to the top 5% of American households, except the downturns of 2001 and 2008. During those downturns, financial bubbles burst and the top lost income share. In both cases, the Federal Reserve System acted aggressively to save the financial sector and stave off further contagion from the sector of finance and speculation into the sector of goods production and employment—the real economy. The restoration of the financial sector restored the incomes of the top 5%, and the recovery after 2001 and the current recovery restored the steady growth of inequality.
A broken backpack zipper and a motorcycle ride down the Garden State Parkway have a New Jersey couple's engagement off to a bumpy start.Matthew Camp, 32, of Cape May, N.J., lost nearly $12,000 meant to purchase an engagement ring when the cash flew out of his pack as he raced town the parkway.
Texas Gov. Rick Perry (R) is quickly establishing himself as the most aggressive job piracy governor in the nation, and the evidence shows that he is also one of the most partisan. He has taken six consecutive trips to states with Democratic governors in an attempt to lure businesses from those states to his own. A new report from Good Jobs First raises some very troubling questions about the financing of those trips.
A three-day 50-mile walk for citizenship that started in Madras, Ore., ended in Bend at Rep. Greg Walden's (R-Ore.) office, where working families urged a vote on the bipartisan Senate immigration bill with a road map to citizenship.
New research produced by the International Monetary Fund (IMF) confirms that “fiscal consolidation” (i.e., deficit reduction) policies of the sort currently applied by several European governments at the behest of the IMF and EU increase inequality and unemployment.IMF researchers also have determined that capital account liberalization, which the IMF pressed its member countries to carry out until it changed its policy last year, has been associated with increased inequality.
A fire engulfed a chemical plant in Oklahoma early Thursday, heating pressurized containers and causing several explosions, authorities said.The Danlin plant in Thomas, Okla., caught fire at 10 p.m. local time (11 p.m. ET) Wednesday, according to fire officials.
A 14-year-old Georgia girl who police say was kidnapped at gunpoint from her home in the wee hours of the night and held for 34 hours appears to have a family connection to one of the men suspected in her abduction.
In a humorous treatment of a serious subject, AFSCME is using GIFs—those ubiquitous, short animated photos—to tell the story of Detroit’s bankruptcy.
