Tag: "economy"

Update: Common Sense Wins Out Over Proposed Farm Regulations

The Obama administration’s Labor Department has withdrawn its propose rules that would prohibit children from doing nearly all types of farm work.  (See article from the Daily Caller).  On rare occasions, common sense prevails.

Department of Labor Farm Regulations are Full of Bull

It is bad enough that the teenage unemployment rate is the highest among the age groups.  But according to the Daily Caller, the Department of Labor has proposed regulations that will essentially destroy a generation of potential future farmers.  The proposed new rules would prohibit children under the age of 18 from performing most farm [...]

The Real War on Women…It’s Not What You Think

I hate to use the term “war on women.”  It is inflammatory and seems to imply that there is a movement about to systematically strip women of their accomplishments and status in American society and drop them off at Gitmo.  But because the politicians and the media have used it so nonchalantly as of late, [...]

President Obama’s Economy of “Stuff”

The president recently spoke to a group of UPS workers in Nevada, where he expressed his wants and desires for the economy.  Referring to his SOTU speech, he told the crowd, “…where we’re making stuff and selling stuff and moving it around and UPS drivers are dropping things off everywhere.” Last time I checked our [...]

SOTU: Winners, Losers and a Tax Plan that Makes Me Go “Huh?”

I watched last night’s State of the Union address in hopeful anticipation that all taxpayers, from individuals to small business owners to multinational corporations, could look forward to a fairer, more simplified system.  No such luck.  Much of the speech was spent pointing out who or what is to blame for the sluggish economy, income [...]

‘Tis the Season to Be Weary…of Jobless Numbers

If Black Friday was last week, “gray Friday” is today.  The news is that unemployment dropped to 8.6 percent in November, from 9 percent the month before.  Sounds promising.  What happened?  Could it reflect the gainful seasonal employment of department store Santas?  Not exactly.  While 120,000 jobs were added last month, 315,000 people gave up [...]

Reality Check for Boomers

In my last blog, I mentioned the sad state of affairs for many of those in their 60s who are on the verge of retirement, or at least who would like to retire soon.  The Wall Street Journal’s recent article, “Retiring Boomers Find 401(k) Plans Fall Short” (link no longer available) reiterates the case.  According to a [...]

Social Security COLA Freeze is Not the Problem

For the second consecutive year, seniors will not get a cost of living adjustment in their Social Security checks for 2011 [see USA Today, “No Social Security Benefits Boost Expected for 2011“).  This will certainly become an election year issue, with the parties accusing each other of not caring about the welfare of seniors.  

Is Working Longer a Bad Thing?

Fresh from the Employee Benefit Research Institute, a new survey found that many people plan on postponing retirement and working longer than they originally anticipated.  The reasons?  A bear market, economic worries, and less confidence in how much they have saved for retirement.