If FEMA could distribute the fortune spent on trailers directly to those in need of housing, the recipients might find a much nicer place to live, and even have money left over for home repairs. But there’s a catch: That’s illegal
Those displaced by Hurricane Katrina and seeking a temporary trailer don’t get to kick the tires or discuss financing plans, but a look at the ultimate sticker price might make them wish they could: $59,800.
That’s the cost to taxpayers for the trailer’s (...)
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TRAILER CASH: US paying $3,300/month to lease trailers for Katrina victims
29 January 2006 par (Open-Publishing)
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Pace of US Economy’s Growth Slowest in Three Years
29 January 2006 par (Open-Publishing)
By Alan Fein
(AXcess News) New York - The US Commerce Department economic report, released Friday, shows that the US economy grew at the slowest pace in three years, rising only 1.1 percent in the last quarter of 2005.
The economic Report states that for the year, the US economy grew 3.5 percent in 2005 overall.
The nation’s growth in gross domestic product (GDP) rose a brisk 4.1 percent in the third quarter, in sharp contrast to the 1.1 percent growth in GDP in the fourth-quarter (...) -
Abrupt slowdown of US economy in last quarter
29 January 2006 par (Open-Publishing)
United States economic growth slowed to its weakest rate in three years in the last quarter of 2005 ending the year with an overall expansion of 3.5%, down from the 4.2% of 2004.
The US economy grew at an annual rate of 1.1% from October to December, compared with 4.1% in the previous three months. The drop was caused by reduced consumer spending amid soaring fuel prices, while the government also tightened budget expenditure post-Hurricane Katrina.
However economists predicted the (...) -
Corrupt Congress: Virtually all of the $40 Billion in spending cuts affect the Poor and Young
28 January 2006 par (Open-Publishing)
A new year brings new hope. And in this year it would be nice to see in Washington a new commitment to fiscal restraint and a resolve to bequeath a solvent government and robust economy to future generations.
To listen to many Republican lawmakers, a move in that direction is underway. In the final hours before it wrapped up on Dec. 21, the Senate approved a five-year, $40 billion deficit reduction package. The measure, set to pass the House of Representatives early this year, would cut (...) -
Study Finds Rich-Poor Income Gap Growing
27 January 2006 par (Open-Publishing)
By MARK JOHNSON
The disparity between rich and poor is growing in America as the federal minimum wage has remained flat for years, union membership has declined and industries have faced global competition, according to a study released Thursday.
The report by the Center on Budget and Policy Priorities and the Economic Policy Institute, both liberal-leaning think tanks, found the incomes of the poorest 20 percent of families nationally grew by an average of $2,660, or 19 percent, over (...) -
imminent collapse?
26 January 2006 par (Open-Publishing)
9 commentscan anyone provide me with a link to US Treasury Secretary Snow issuing a warning about an imminent collapse of the US economy? i can’t find it, if there is one. all the stuff i’ve read that he’s recently spoken regarding the economy is all roses and sunshine.
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Why the “Free State” of Maryland Isn’t So “Free!”
25 January 2006 par (Open-Publishing)
The governor of Maryland receives an annual salary of $150,000 for fulfilling his official duties. Nevertheless, the incumbent office holder, Robert L. Ehrlich, Jr., a Republican, and Pavlovian lapdog for the warmongering President George W. Bush, raised $4.6 million last year for his November 7, 2006 reelection efforts. The two Democratic wannabes, Martin O’Malley and Douglas M. Duncan, raised a combined $5.6 million in 2005, in their quests for the same governorship. I say a plague on (...)
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Latin America Shifts Left: It’s the Economy
23 January 2006 par (Open-Publishing)
Bolvia’s Evo Morales is the sixth presidential candidate in the last seven years to win an election while campaigning against economic neoliberalism.
By Mark Weisbrot
Evo Morales’ election in Bolivia, with an unprecedented (for that country) 54 percent of the vote, is seen and analyzed here mostly in political terms. He is a former head of the coca growers union and opposes the U.S.-sponsored attempts to eradicate the production of coca. He has talked about nationalizing the natural (...) -
BUSH’S NEW MULTILATERALISM
20 January 2006 par (Open-Publishing)
1 commentby William Fisher
With the billions of dollars appropriated by the U.S. for Iraqi reconstruction almost all spent, Japan, Australia and other nations in President George W. Bush’s “coalition of the willing” are likely to be asked to shoulder much of the burden for funding the large number of unfinished projects.
Getting others to take up the slack is reportedly high on Secretary of State Condoleeza Rice’s agenda when she visits the Far East in March. Her trip, originally scheduled for (...) -
BUSH STEP DOWN rally, Feb 4th, Allentown PA
18 January 2006 par (Open-Publishing)
3 comments"BUSH STEP DOWN!" Rally at Cedar Beach Park southwest corner, Hamilton & Ott Sts. Allentown PA February 4th 1-2 pm It is time for the Bush reign to end. Lies to Congress and Americans to start a war, illegally spying on US citizens, Katrina, Medicare cuts, Veterans cuts, children’s school lunch cuts, economists figuring the true cost of Iraq war to be 2 trillion dollars, over 2000 troops dead, cronyism over experience, on and on the list goes.... Whatever your issue with this (...)