In these tough and turbulent economic times, we need to look for small things we can be thankful for.
President Obama's nominee to oversee the federal budget is amending his latest government ethics filing after misreporting the date he left his job at Citigroup Inc. - addressing questions about his eligibility for a nearly $1 million bonus weeks after the company was bailed out by taxpayers.
President Obama's nominee to oversee the federal budget is amending his latest government ethics filing after misreporting the date he left his job at Citigroup Inc. - addressing questions about his eligibility for a nearly $1 million bonus weeks after the company was bailed out by taxpayers.
The Pentagon has begun a new hunt for cost savings that likely will lead to scaling back big-war weapons systems in favor of funding smaller conflicts typified by Iraq and Afghanistan.
Last Friday, it was reported that economic growth was only 2.4 percent in the second quarter of this year - far below what the Obama administration had forecast. Yet the administration and its supporters continue to be in denial about the fact that their policies are not working. Psychologists refer to the refusal to change one's mind when confronted with contrary evidence as cognitive dissonance.
It's no secret what the average American family does when income drops: It spends less and saves more. In fact, we've seen just that during these past two recessionary years. The personal saving rate, barely 1 percent of income in the first quarter of 2008, reached 5 percent last year and remains above 3 percent.
Homeland Security Secretary Janet Napolitano has demanded a review of why federal immigration authorities released an illegal immigrant after a drunken-driving arrest in 2008 and who now has been charged with manslaughter stemming for a suspected drunken-driving crash that killed a Catholic nun this weekend.
As the nation's economic engine continues to sputter, Americans are wondering when the administration's promised "recovery summer" is going to start. From a peak annual growth rate of 5 percent last autumn, the measure of gross domestic product slid to 3.7 percent in the first quarter of 2010 and was down to 2.4 percent by the end of June.
The head of the nation's largest labor federation on Tuesday urged union leaders to step up support for Democrats in the November elections, despite some frustration with the pace of gains on labor's agenda.
