BY Masao Suzuki | San José, CA | 10/02/13
At midnight on Oct. 1, the federal government began a partial shutdown. Later that morning, hundreds of thousands of federal workers showed up to wind up work - putting up closed signs at national parks and monuments across the country and updating web pages saying that many functions were no longer available. Then they went home for an indefinite furlough without pay.
BY Masao Suzuki | San José, CA | 9/30/13
On Sept. 29, the House Republicans passed a temporary spending bill for ten weeks, starting Oct. 1 if the Affordable Care Act (often called Obamacare) is delayed for a year. With the Democrat-controlled Senate already having turned down similar measures and a veto promise from President Obama, the federal government is headed for its first shut down since 1996.
BY Masao Suzuki | San José, CA | 9/08/13
On Sept. 6, the Labor Department announced that the official unemployment rate dropped to 7.3% in August, down from 7.4% in July.
BY Masao Suzuki | San José, CA | 6/27/13
On July 1, interest rates for federally subsidized student loans to pay for college are set to double, rising from 3.4% to 6.8%.
BY David Hungerford | Newark, New Jersey | 4/19/13
The People’s Organization for Progress (POP) put a Hands off Social Security picket line in front of the Essex County Social Security building, April 16.
BY Josh West | Provo, UT | 4/11/13
Students and community members protested in front of the Wells Fargo building on April 6 to voice their opposition to Wells Fargo’s hypocritical marketing. Wells Fargo deeply invests in privately owned prisons through firms like Corrections Corporation of America (CCA), the largest private prison company in the U.S.
BY staff | Gainesville, FL | 3/06/13
The Alachua County Wage Theft Task Force has been working to stop wage theft in Alachua Coutny, Florida for the past year. Wage theft, or the stealing of earned wages, has increased during the economic downturn.
BY Masao Suzuki | San José, CA | 2/11/13
On Jan. 30, the Commerce Department reported that Gross Domestic Product, or GDP, fell by a very small amount (0.1% at an annual rate) in the last three months of 2012.
BY Masao Suzuki | San José, CA | 2/06/13
On March 1, the automatic spending cuts demanded by the 2011 Budget Control Act are scheduled to go into effect. These cuts were originally scheduled to go into effect Jan. 2, but were delayed as part of the solution to the so-called ‘fiscal cliff.’ Included in the spending cuts is an 8.4% reduction in federal financial aid.
BY Masao Suzuki | San José, CA | 1/25/13
Starting Jan. 1, payroll taxes paid by workers went up from 4.2% to 6.2%. This increase will affect about 77% of all households.