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2 days ago

Obama's gift to Trump: A 'pretty solid' economy - CNNMoney

Jobless rate hits lowest level since 2007 President Obama is giving President-elect Trump a welcome gift: A pretty good economy.

Unemployment is at its lowest level since 2007.

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2 months ago

Hillary Clinton Educates Zach Galifianakis About Sexist Double Standards On 'Between Two Ferns'

Democratic presidential nominee Hillary Clinton fielded questions fromZach Galifianakis on his Funny Or Die show Between Two Ferns.

Galifianakis jokingly peppered Clinton with questions about how fast she could type as secretary (of state) and how President Barack Obama likes his coffee.

He asked her what she planned to wear to the first debate, which airs Monday on CNN.Theres this thing called the double standard, Clinton replied, as she pointed out the historical significance of her being the first female candidate of a major party.

Galifianakis noted that being the first woman president wouldnt be the only historically significant part of a potential win in November.

Not to take away from the historic significance of you perhaps becoming the first female president, but for a younger, younger generation, you will also become their first white president, and thats pretty neat, too,Galifianakis says.

Watch the video above.

5 months ago

How Semi-Secret Spending Took Over Politics - The Atlantic

As dark money in electionsspending by groups that conceal their funders from the publichas boomed in recent years, advocates of transparency have had one area of grudging relief. Super PACs, empowered by 2010s Supreme Court rulings in Citizens United and SpeechNow to spend unlimited sums, typically are required to disclose their donors.

The problem? They very often dontat least, not in a way that shows where their money really came from. In a new report looking at secret spending in state and local elections, we found that most of the nominally transparent outside spending in state races has become exceedingly difficult to trace, a phenomenon were calling gray money.

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8 months ago

California to hike funds for new parents on family leave - Reuters

SACRAMENTO, Calif. California will increase the amount of money new parents can receive through the state's paid family leave program under a bill signed on Monday by Democratic Governor Jerry Brown.

The measure, passed last month by the Democratic-controlled state legislature, will increase the amount paid to new parents or people caring for a sick family member to as much as 70 percent of their regular income for the poorest workers, up from 55 percent, beginning in 2018.

Those earning more will also get an increase in payments, to 60 percent from 55 percent. The legislation also eliminates a seven-day waiting period imposed on receiving the benefits.

The program will apply to all parents who take time off from work to bond with a child within one year of birth, adoption or placement as a foster child. It will also provide payments to people who take time to care for seriously ill relatives.

President Barack Obama, a Democrat, welcomed the move by the most populous U.S. state and urged Congress to enact a national paid leave plan.

"This action means more hardworking Californians will have the peace of mind to know that they can take care of a new child or a sick family member," Obama said in a statement. "Yet millions of Americans still dont have access to any form of paid leave."

The California law aims to help more people take family leave, especially poorer Californians who could not afford to stop work if they got only 55 percent of their regular income, according to the bill's author, Jimmy Gomez, a Democratic assembly member.

Money for the program will come through the state's disability insurance system, which is funded from payroll deductions. Costs are projected at up to $587 million annually when it is fully implemented by 2021, but the law expires in 2022, and would have to be reauthorized at that time.

A state analysis showed the Employment Development Department would increase worker contributions by 0.1 percent from 2019 to 2021 to pay for it.

(Reporting by Sharon Bernstein; Editing by Dan Grebler and Peter Cooney)

1 year ago

Zuckerberg, Gates, Buffett and the triumph of competitive philanthropy - Washington Post

Clockwise, Bill Gates, Mark Zuckerberg and Warren Buffett. (APClockwise, Bill Gates, Mark Zuckerberg and Warren Buffett. (AP

When Warren Buffett and Bill Gates launched their Giving Pledge four years ago, a campaign to enlist their fellow billionaires to give away at least 50 percent of their wealth, the vast majority of those who signed up said they already were giving away plenty.But they went along with the highly publicized pledges anyway, some because they thought it would encourage other billionaires and others, as Oracle founder Larry Ellison remarked, becau

1 year ago

Factory Workers Reject Contract With Fiat-Chrysler

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