Author Archives: Editor

Governor signs Dozier, BP settlement bills into law

BY JIM TURNER THE NEWS SERVICE OF FLORIDA TALLAHASSEE – A measure that calls for creating a pair of memorials to boys who were abused at a notorious state reform school, and directs the reburial of remains of unidentified victims, was signed into law on June 2. The bill (HB 7115) provides $1.2 million to cover the costs of the reburials and memorials for youngsters who suffered … ( continue reading )
BY JIM TURNER
THE NEWS SERVICE OF FLORIDA

TALLAHASSEE – A measure that calls for creating a pair of memorials to boys who were abused […]

Governor signs Dozier, BP settlement bills into law

BY JIM TURNER THE NEWS SERVICE OF FLORIDA TALLAHASSEE – A measure that calls for creating a pair of memorials to boys who were abused at a notorious state reform school, and directs the reburial of remains of unidentified victims, was signed into law on June 2. The bill (HB 7115) provides $1.2 million to cover the costs of the reburials and memorials for youngsters who suffered … ( continue reading )
BY JIM TURNER
THE NEWS SERVICE OF FLORIDA

TALLAHASSEE – A measure that calls for creating a pair of memorials to boys who were abused […]

Governor signs Dozier, BP settlement bills into law

BY JIM TURNER THE NEWS SERVICE OF FLORIDA TALLAHASSEE – A measure that calls for creating a pair of memorials to boys who were abused at a notorious state reform school, and directs the reburial of remains of unidentified victims, was signed into law on June 2. The bill (HB 7115) provides $1.2 million to cover the costs of the reburials and memorials for youngsters who suffered … ( continue reading )
BY JIM TURNER
THE NEWS SERVICE OF FLORIDA

TALLAHASSEE – A measure that calls for creating a pair of memorials to boys who were abused […]

Crucial issue for 2018 governor’s race? Middle-class jobs

In this 2015 photo, a crowd in Redwood City looks at the prototype for a fighting robot. Robotics is an example of a booming field that isn

In this 2015 photo, a crowd in Redwood City looks at the prototype for a fighting robot. Robotics is an example of a booming field that isn’t well-served by California’s education status quo. (AP) The three candidates with multimillion-dollar war chests in the 2018 California governor’s race — all Democrats — are wooing voters by focusing on the less fortunate. Lt. Gov. Gavin Newsom says, “For too many, the economic recovery has become a spectator sport .” Former Los Angeles Mayor Antonio Villaraigosa says Californians should focus more on those who take the bus than drive Teslas . State […]

Documenting the destructive effects of income disparity


While puttering in my garden recently, I overheard a passing cyclist calling out to his friend, “This area used to be affordable.”

They were riding by a large house across from me in Kitsilano that’s been empty for at least two years. It used to have five affordable suites in it. It was bought by a local accountant who lives a few blocks away. For whatever reasons, it has been sitting empty – maybe waiting for permits, maybe just because equity growth trumps all other wealth growth these days so who cares if it’s empty?

Based on a conservative estimate of […]

It’s not just the money; it’s the instability

New numbers for the average 30-year, fixed-rate mortgage will be released Thursday.

licvin/Fotolia It was a beautiful, clear, blue-sky day when we sat down with Becky Moore in her Ohio home, but she was in a bad mood. She wasn’t sure if she should pay her mortgage, and the uncertainty of that choice was weighing on her. She had the money in hand. But she was worried that her husband’s next paycheck would be — in her words — crap. If Jeremy had an off week, and if she went ahead and paid the mortgage early, then she would have to borrow from her sister to get through the month. Again.

The […]

BP ‘Got Off Cheaply’ With $18.7 Billion Settlement


Credit: Adrian Dennis/AFP The U.S. Justice Department announced Thursday that the United States, together with several state and hundreds of local governments, had reached a settlement for all remaining civil claims arising from the April 20, 2010, BP Deepwater Horizon explosion in the Gulf of Mexico, which killed 11 men and set off the largest offshore oil drilling spill in history. BP’s Shock Waves How the oil giant’s catastrophic spill in the Gulf could trigger another financial meltdown If the proposed consent decree is approved after being submitted for public comment and then court-approval, BP will agree to pay […]

Economic Inequality: It’s Far Worse Than You Think


According to Pew Research, most Americans believe the economic system unfairly favors the wealthy, but 60% believe that most people can make it if they’re willing to work hard. Credit: Credit: Allan Danahar via Thinkstock In a candid conversation with Frank Rich last fall, Chris Rock said, "Oh, people don’t even know. If poor people knew how rich rich people are, there would be riots in the streets." The findings of three studies, published over the last several years in Perspectives on Psychological Science , suggest that Rock is right. We have no idea how unequal our society has […]

Research shows how Generation Z thinks differently from millennials when it comes to money

surprised millennials

Gleb Leonov/Strelka Institute/Flickr You’ve heard all about how millennials manage money , as well as career and financial decisions. But what about their kid brothers and sisters? It turns out research suggests Generation Z isn’t as freaked out by adulting as were previous generations, especially when it comes to money .

That’s right: Younger Americans are not only squirreling away money they earn from their after-school jobs, they’re also already planning for retirement . Debates rage about when the Millennial generation ends and Gen Z begins, but Jason Dorsey, president of the Center for Generational Kinetics, a consulting firm, says […]

Escaping Poverty Requires Almost 20 Years With Nearly Nothing Going Wrong

A man cleans up confetti while surrounded by tourists in Times Square in New York.

Keith Bedford / Reuters A lot of factors have contributed to American inequality: slavery, economic policy, technological change, the power of lobbying, globalization, and so on. In their wake, what’s left?

That’s the question at the heart of a new book, The Vanishing Middle Class: Prejudice and Power in a Dual Economy , by Peter Temin, an economist from MIT. Temin argues that, following decades of growing inequality, America is now left with what is more or less a two-class system: One small, predominantly white upper class that wields a disproportionate share of money, power, and political influence and a […]