Quick Facts

  • Unemployment Stories, Vol. Three: ‘Absolute Hell’

    Every week, we're bringing you true stories of unemployment, from the vast land of unemployed America. Today: depression, redemption, struggle, optimism, and the bitterness of the 99%. This is what's happening out there. Do I really have to do this again? I am a mid-30s female with an Ivy League graduate degree. I just received my third layoff in a little over four years. The first layoff was just a month or so long, and I found ...

    Posted at July 31, 2012 | By : | Categories : Quick Facts | 0 Comment
  • The new minority: Millions of long-term unemployed looking for hope

    BRIDGEPORT, Conn. — Joe Carbone can't sleep — and the odd thing is, he deals in hope. Carbone is the President and CEO of The WorkPlace, Inc., a non-profit workforce and economic development organization in Bridgeport, Conn. He developed an experimental program to help the long-term unemployed that was recently featured on "60 Minutes." But the problem of the long-term unemployed in America is so large it weighs on him. "I can't tell you what this ...

    Posted at July 31, 2012 | By : | Categories : Quick Facts | 0 Comment
  • NC unemployment rate holds steady in May

    North Carolina's unemployment rate was unchanged last month at 9.4 percent, breaking a four-month streak of declining unemployment rates, state officials said Friday. Continue reading here: NC unemployment rate holds steady in May

    Posted at June 18, 2012 | By : | Categories : Quick Facts | 0 Comment
  • District unemployment falls in May

    The unemployment rate rose in Maryland, fell slightly in the District and remained unchanged in Virginia in May, according to a Labor Department report released Friday. The District’s unemployment rate fell to 9.3 percent in May, down from 9.5 percent the month before. Maryland’s jobless rate inched up to 6.8 percent from 6.7 percent in April, while Virginia’s unemployment rate remained steady … Continue reading here: District unemployment ...

    Posted at June 18, 2012 | By : | Categories : Quick Facts | 0 Comment
  • Alabama unemployment rate up to 7.4 percent

    Alabama's unemployment rate has increased for the first time since last summer. Read the rest here: Alabama unemployment rate up to 7.4 percent

    Posted at June 18, 2012 | By : | Categories : Quick Facts | 0 Comment
  • Unemployment driving foreclosures up

    The foreclosure crisis always has been a different animal in Ohio than in other parts of the country, according to housing advocates. See original here: Unemployment driving foreclosures up

    Posted at June 18, 2012 | By : | Categories : Quick Facts | 0 Comment
  • How Tax Break for Overseas Profits Went Awry (June 09)

    Researchers were able to calculate that $300 billion in overseas profit was repatriated by American companies in 2005, when they had to pay a tax rate of just 5.25 percent, rather than the normal corporate tax rate of 35 percent. The amount was five times the normal amount of repatriations. See original here: http://dealbook.blogs.nytimes.com/2009/06/05/how-tax-break-for-overseas-profits-went-awry/

    Posted at June 8, 2012 | By : | Categories : Quick Facts | 0 Comment
  • Offshore Outsourcing and America’s Competitive Edge:Losing out in the High Technology R&D and Services Sectors

    Source: Office of Senator Joe Lieberman, May 11, 2004 I am releasing this white paper in hopes that it will stimulate a deeper review of the long term implications for our policy responses and change the terms of the debate on the offshore outsourcing issue. The issues raised in this report go well beyond the current debate and focus on the next wave of this challenge, which potentially could affect high end R&D research jobs, ...

    Posted at June 8, 2012 | By : | Categories : Quick Facts | 0 Comment
  • The Real Deficit Culprits: Offshoring and Corporate Tax Evasion

    Source: In These Times, April 21, 2011 One of the major causes of current high, chronic levels of unemployment in the United States is offshoring by U.S. corporations. Less well known, however, is that these same multinational corporations are a significant cause of not only millions of lost jobs, but of trillions of dollars of lost tax revenue as well—thus contributing significantly to current and future budget deficits. A recent report by the U.S. Commerce Dept., a ...

    Posted at June 8, 2012 | By : | Categories : Quick Facts | 0 Comment
  • Companies Push for Tax Break on Foreign Cash

    Source: The New York Times/ June 19, 2011 By DAVID KOCIENIEWSKI Some of the nation’s largest corporations have amassed vast profits outside the country and are pressing Congress and the Obama administration for a tax break to bring the money home. Apple has $12 billion waiting offshore, Google has $17 billion and Microsoft, $29 billion. Under the proposal, known as a repatriation holiday, the federal income tax owed on such profits returned to the United States would fall to ...

    Posted at June 8, 2012 | By : | Categories : Quick Facts | 0 Comment