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US Economy - Page 15

Amid mass unemployment, corporate profits surge:

Fortune magazine released its ranking of the 500 biggest US corporations Monday, which showed that they received a record-breaking $824 billion in combined profits in 2011, up 16 percent from 2010.ck lost more than 8% of its value Friday after the bank, the largest in the United States, revealed a monster $2 billion loss in a trading group that manages the risks the bank takes with its own money. Ref. Source 1

Economy US

Living Paycheck To Paycheck Is Reality For Two In Five Households: Report:

According to a report from the Consumer Federation of America and the Consumer Planner Board of Standards, Inc., 38 percent of households live paycheck to paycheck. In 1997, this figure was 31 percent. Ref. Source 8

US Economy History & Civil Business Politics

US debt just grew by $11 trillion:

The US fiscal gap, calculated (by us) using the Congressional Budget Office's realistic long-term budget forecast - the Alternative Fiscal Scenario - is now $222 trillion. Last year, it was $211 trillion. Ref. Source 9

Page 15 Economy US

Companies paid more to CEOs than in US tax:

Twenty-six big U.S. Companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank. Ref. Source 2

Economy US

US Government Funded

In an after-midnight session the U.S. Senate passed a bill Saturday in a 62 to 30 vote to fund the federal government for the next six months, thus putting off any shutdown of the government until early next year. The bill will go to the president for his signature and final passage into law. Ref. CNN

US Economy

Hints of consumer confidence emerge but finances are still shaky for many


For some Americans, clues of confidence in the economy are unmistakable, but money is still tight for many families.

Source: Yahoo! News - Latest News & Headlines

US Economy - Page 15

Where did the mammoth US budget deficits come from?

Let's go back about a decade, when budget surpluses were predicted for the foreseeable future. Somehow, the math went terribly wrong, by trillions of dollars. Here's an accounting of what happened. Ref. Source 3

US Economy Politics Business Civil & History - Page 15

Top 1% Got 93% of Income Growth as Rich-Poor Gap Widened:

The "Recovery that officially began in mid-2009" hasn't arrived in most Americans' paychecks. In 2010, the top 1 percent of U.S. Families captured as much as 93 percent of the nation's income growth, according to a March paper by Emmanuel Saez, a University of California at Berkeley economist who studied Internal Revenue Service data. Ref. Source 8