Innocence lost: Class of 2013 comes of age in a weak economy
(Photo: Jonathan Gibby for NBC News)
The members of the class of 2013 entered college under the gloom the Great Recession, came of age in an era of economic uncertainty and are graduating into a job market still scarred by high unemployment.
Source: nbcnews.to
There may be millions more poor people in the US than you think
(Photo: Keystone / Getty Images)
It is responsible for an estimated half-trillion dollars in federal spending every year, is hated by nearly everyone who studies it and is based on an American lifestyle older than the space program.
Source: nbcnews.to
US jobless rate dips to 7.5%, a four-year low
(Photo: Joe Raedle / Getty Images)
The U.S. economy’s job-creation engine revved up in April, defying expectations that government budget cuts and a cold start to spring in much of the nation conspired to slow hiring.
Source: nbcnews.to
Cyprus clinches last-ditch bailout deal
(Photo: Pavlos Vrionides / AP)
BRUSSELS - Cyprus clinched a last-ditch deal with international lenders on Monday for a 10 billion euro ($13 billion) bailout that will shut down its second largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians.
Source: nbcnews.to
Looking for a big increase in the minimum wage? Don’t bank on it.
(Photo: Joshua Roberts / Reuters file)
America’s 3.6 million minimum-wage workers will get a nearly 40 percent pay raise, if Sen. Tom Harkin, D-Iowa, has his way.
A few weeks after President Barack Obama touted a minimum wage increase to $9.00 in his State of the Union speech, the veteran senator introduced a plan to go even further, raising the low end of legal earnings from $7.25 to $10.10. For a person working 40 hours a week and 52 weeks a year, Harkin’s bill would mean an increase of $5,928.
Source: nbcnews.to
Cyprus bailout backlash poses little wider risk - for now
(Photo: Filip Singer / EPA)
The explosive backlash to the latest European bailout – this one for tiny Cyprus – will have limited impact on U.S. consumers, businesses and investors.
Source: nbcnews.to
Finally! Dow’s big streak points to recovery
(Photo: Brendan McDermid / Reuters)
After the Dow hit a 10-day winning streak on Thursday—for the first time since 1996—investors’ message is clear: the Great Recession may finally be ending.
Source: nbcnews.to
It’s a new high: Dow smashes through 14,198
(Photo: CNBC)
The journey has taken more than five years, but the Dow Jones industrial average pushed through to a record high Tuesday just after the opening bell.
Source: nbcnews.to
Almost $50 billion left Russia illegally in 2012, bank chief says
(Photo: Grigory Dukor / Reuters)
MOSCOW - Nearly $50 billion was transferred out of Russia illegally in 2012 and more than half this sum may have been controlled by a single group of people, the country’s central bank said on Wednesday.
Source: worldnews.nbcnews.com
Rising gas prices are hitting Americans in the wallet
(Photo: Ben Margot / AP)
With pump prices at their highest level on record for this time of year, the stage is set for a even greater climb in gasoline prices and expenditures than in 2012.
Retail gasoline prices have surged 17 cents in a week to top $3.50 a gallon on average, posting the highest prices on record for the beginning of February.
Source: nbcnews.com
Dow closes above 14,000 for first time since 2007
An encouraging U.S. jobs report propelled blue-chip stocks to their highest level since October 2007 on Friday, closing above the closely watched 14,000 bulwark as investors momentarily sidelined their concerns about the recovery.
Source: nbcnews.to
The U.S. economy stopped dead in its tracks in the last three months of 2012 as the halting recovery was slammed by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.
(Photo: Reuters)
President Barack Obama ratcheted up pressure on congressional Republicans to authorize an increase in the nation’s debt limit, warning of potentially catastrophic results for many Americans and the overall economy if the U.S. were to default on its obligations.
Source: nbcpolitics.nbcnews.com
Step one: Talib Kweli comes in for rehearsal and sees Al Roker on a bike.
Step two: Someone else spots Talib, then Al on his bike, and has the...
Wait for it…this actually happened.
Rock Center | May 17th 2013 [x]
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