economy

13 posts

Start Stretching: The Debt Ceiling Crisis Continues

Well, I was hoping we wouldn’t get this far, but here we are.

For those of you that recall my last article on the debt ceiling crisis, I said that my last article would be titled either “Tango Down: US Debt Ceiling Crisis Averted” or “Grab Your Ankles: US Defaults on National Debt”.

Based on my title, I’m sure you can figure out which way I’m leaning on this one.

Since my last article, we’ve watched negotiations between the Vice President and Congress collapse, the President and Congress collapse, and Congress and Congress collapse. What makes that last part worse is that it’s not like it’s failed once. No, it’s worse than that. The House can’t agree with the Senate. House Republicans can’t agree with Senate Republicans. Democrats can’t agree with Republicans. And the House Republicans can’t agree with each other. Continue reading →

USPS To Close Over 3600 Branches

The United States Postal Service operates at a huge loss, 8.5 billion in fiscal 2010, and is taking steps to close the gap.

We just don’t need or use our physical post offices as we once did. Our checks are directly deposited, we schedule our bill payments through our bank, we read our magazines and look at our catalogs on the internet. The volume of mail handled drops every year and the price of postage cannot keep up with the costs of maintaining post offices in nearly every zip code. Continue reading →

New Jersey Passes Law to Protect Unemployed from Employers

The State of Employment: Too bad suckers! If you don’t have a job already, you’re never going to get one because employers only want the employable and the employable are already employed (but, like, they’ll settle for someone who got laid off on, like, Thursday at the earliest).

“I feel like I am being shunned by our entire society,” said Kelly Wiedemer, 45, an information technology operations analyst who said a recruiter had told her that despite her skill set she would be a “hard sell” because she had been out of work for more than six months.

Continue reading →