Posts Tagged ‘EPI’
Record Profits; Wikileaks and Bank of America; etc.
(1) Record Profits in 3rd Quarter: In case you missed it last week while making pumpkin pie, U.S. companies just had their best quarter on record. From the New York Times: American businesses earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report released Tuesday. That ...Read more.
The Myth of Overcompensated Public Employees
Two new studies debunk the idea, prevalent in these days of threatened austerity, that public employees are “overcompensated.” It only ever meant that they supposedly get better pay and benefits than their private-sector counterparts (though that could just mean that the private-sector undercompensates). But it turns out that it really isn’t true. The first one ...Read more.
Unemployment, Austerity, Stimulus
[N.B.: First three items by our fabulous summer intern Elizabeth Murphy, who also chose this post's Possibly Irrelevant Image. Sorry for the delay posting these!] (1) The Bureau of Labor Statistics released the July unemployment numbers last Friday (Aug.6) and they do not look pretty. Unemployment remains exactly where it was at the end of ...Read more.
