April 19, 2012 |
Republican candidate Mitt Romney is fond of telling crowds that women have lost more jobs than men have under President Obama's economic watch. Is he correct? Kind of. But it's not like the Obama administration deliberately targeted women. Rather, women took an especially rough economic pounding because they play a disproportionately large role in our public schools. And public schools have suffered mightily in recent years. According to the National Women's Law Center, women lost 396,000 public sector jobs during the recovery, or more than two-thirds of all such jobs cut. The economy may now be on the mend, but it's not like the public sector is rushing to fill all those vacancies.
June 3, 2013 |
WASHINGTON -- The Eurozone, stuck in its longest-ever recession, is headed for a "very gradual recovery" later this year driven by stimulative monetary policy and increased demand for exports, the head of the European Central Bank said Monday. Central bank President Mario Draghi defended the agency's unprecedented actions to boost economic growth, which have been criticized in Europe in the same way the Federal Reserve's aggressive steps have been in the U.S. "The economic situation in the euro area remains challenging but there are a few signs of a possible stabilization, and our baseline scenario continues to be one of a very gradual recovery starting in the latter part of this year," Draghi said in a speech at the International Monetary Conference in Shanghai.
June 4, 2012 |
There's been quite a bit of chatter this spring about a rebound in the manufacturing sector. Whether those predictions will hold up is looking less and less certain as new orders tumble. Demand for factory-made goods has fallen three of the past four months, sliding an unexpected 0.6%, or $2.9 billion, in April. The measure had tanked 2.1% in March, marking the first back-to-back declines in more than three years. Machinery orders plunged 2.9%; requests for cars, computers and electrical equipment also fell, according to the Commerce Department . Demand for non-durable goods - items designed to last less than three years - dipped 1.1%.
January 14, 2013 |
Kings defenseman Willie Mitchell suffered a setback during his recovery from knee surgery during the lockout, pushing too hard too soon, according to Kings General Manager Dean Lombardi. But the fact that Mitchell had knee surgery came as a surprise on Monday, the second day of the Kings' training camp. Kings Coach Darryl Sutter mentioned it, almost offhandedly, in the context of rehabilitation timetables. "Now with Mitchell, he had knee surgery," Sutter said. "He's way behind what he should have been.
CALIFORNIA | LOCAL
July 17, 2013 |
Continuing his whirlwind tour of Washington D.C., Assembly Speaker John Pérez (D-Los Angeles) is scheduled to meet Wednesday with Sens. Dianne Feinstein and Barbara Boxer. Pérez has already met with Obama administration officials, touting efforts by California to recover from the recession and implement Obamacare. He is also highlighting ways the federal government can help the Golden State financially. He had breakfast with Secretary of Homeland Security Grace Napolitano, the nominee to head the University of California system.
February 3, 2012 |
After stepping on his Florida victory with a series of statements that made him seem out of touch with average citizens, Mitt Romney emphasized at a small gathering of supporters in a frigid warehouse here that he is better suited than President Obama to empathize with struggling Americans. "I'll listen," Romney told a few dozen bundled-up employees of Western Nevada Supply, a building company here. "I will listen. I will listen to business people and to working people and to folks across the country to understand what's going on in their lives.
August 31, 2013 |
Most Americans know Seaside Heights as the town made famous by Snooki and her ilk in MTV's reality series “Jersey Shore.” Mike Loundy simply knows the resort town as home. His grandfather came to Seaside Heights in 1932. The family never left, and Loundy's two daughters, he proudly notes, are fourth-generation residents. The town Loundy calls home was among the many devastated when Hurricane Sandy roared up the eastern seaboard last October. Rain, wind and surging tides tossed a roller coaster from Seaside Heights' boardwalk into the Atlantic Ocean before pummeling homes and businesses.
January 13, 2014 |
The economy of Los Angeles County is rebounding with signs pointing to a full recovery, according to one report. That is good news for California as a whole, since L.A. County alone contributes more than a quarter of the state's total economic output, or gross domestic product, according to a report by the National Assn. of Counties. The study took a look at local economies around the nation on a county level by tracking the performance of some 3,069 counties through four indicators -- economic output, employment, the jobless rate and home prices.
December 31, 2012 |
WASHINGTON - The blood clot that led to Secretary of State Hillary Rodham Clinton's hospitalization on Sunday is lodged in a vein behind her right ear, her doctors disclosed in a statement late Monday. The doctors said the clot, called a right transverse sinus venous thrombosis, was discovered on Sunday when Clinton underwent an MRI as a “routine follow-up” to the treatment she has been receiving for a concussion. The vein runs between the brain and skull. Drs. Lisa Bardack with the Mt. Kisco Medical Group and Gigi El-Bayoumi at The George Washington University Hospital said in their statement that the clot is being treated with blood thinners.
March 10, 2010 |
Improbable as it seems, the brightest spot so far in the nation's spotty economic recovery is a sector long considered all but dead -- good-old-fashioned manufacturing. Factories are churning. Exports are up. Even though jobs are the bleakest aspect of the overall economy these days, factory payrolls have turned positive. "We could have a renaissance here," said Ron Bloom, President Obama's manufacturing czar. "Indeed," Federal Reserve Chairman Ben S. Bernanke declared late last month, "manufacturing has been leading the recovery so far."