Archive for the ‘Money’ Category

If you read, listen to or watch the news, it’s a good bet that you’re probably familiar with the phrase: "jobless recovery."

Since I’m not an economist or analyst, it’s difficult for me to completely understand the dynamics of how you can actually have an economic recovery if there isn’t any job creation taking place.

Yet, according to an Associated Press news article I read yesterday, later this week, the Government will be announcing that the recession if officially over. On the other hand, sometime next week, the Government will be releasing another set of data which is expected to point to an additional increase in unemployment.

Yes, you read that correctly: the recession is over, but the unemployment rate is going to rise.   (more…)

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It’s a disappointment to me when some folks automatically assume that because a person is homeless that they are not a "nice or good person."

I’m well aware that we are a visually oriented society, and therefore, have a tendency to take our preliminary "cues" based on how a person is dressed. If they look neat and tidy, we equate that with "wholesomeness." And, if they are a bit disheveled, we equate that with un-wholesomeness.

Unfortunately, due to their "residential status," our nation’s homeless aren’t always the best dressed. Consequently, we seldom take – or make – the time to base our opinion of any specific homeless person based on their personal character. Furthermore, quite often we go out of our way to avoid interacting with a homeless person – and, all because of their appearance.   (more…)

Yesterday, the U.S. House of Representatives approved a bill to infuse an additional $2 billion into the Car Allowance Rebate System (CARS) – commonly referred to as the "Cash for Clunkers" program.

The House rushed to pass the bill after U.S. Transportation Secretary Ray LaHood reported that the program was "running out of money."

If approved by the Senate, the additional funding will be paid for from the $787 billion Economic Stimulus bill which was passed earlier this year in February.   (more…)

Yesterday, headlines from quite a number of newspapers around the nation – as well as some of the television media – announced that New York City was giving its homeless one-way tickets out of town as a cost-saving measure.

I have to admit that I’m not a big fan of Mayor Bloomberg, or the manner in which he and his administration have gone about addressing homelessness in the Big Apple. In fact, over the last few months I’ve criticized some of the tactics which NYC has employed to "handle" its homeless population.

So, my initial reaction to the headline of the first news article I read about these "one-way tickets out of town" was one of: "What nonsense is Bloomberg up to now?"   (more…)

Since the day that President Obama took his Oath of Office earlier this year, there have been a number of pieces of major legislation which have been passed in a hastily reckless manner by Congress.

The argument used by the Administration and by high ranking members of both the House and the Senate for such quick passage, has been along the lines of: "We must pass this bill now. If we wait, it will be too late and things will get worse."

While I appreciate their recognizing that there is indeed an urgent need to try and bolster our struggling economy, I also am quite familiar with the old adage that "Haste makes waste."   (more…)