In the News: Blog 07/18/2014
America struggles in a part-time recovery
The economy is technically recovering from the recession, but Mort Zuckerman pointed out in the Wall Street Journal why it doesn’t feel like much of a recovery: It’s because so much of America is working part-time. “Full-time jobs last month plunged by 523,000, according to the Bureau of Labor Statistics. What has increased are part-time jobs. They soared by about 800,000 to more than 28 million. Just think of all those Americans working part time, no doubt glad to have the work but also contending with lower pay, diminished benefits and little job security. “On July 2 President Obama boasted that the jobs report ‘showed the sixth straight month of job growth’ in the private economy. ‘Make no mistake,’ he said. ‘We are headed in the right direction.’ What he failed to mention is that only 47.7% of adults in the U.S. are working full time. Yes, the percentage of unemployed has fallen, but that's worth barely a Bronx cheer. It reflects the bleak fact that 2.4 million Americans have become discouraged and dropped out of the workforce. You might as well say that the unemployment rate would be zero if everyone quit looking for work.
In the News: Blog 07/17/2014
‘Are we prepared to be overwhelmed?’
When we think about what to do about the flood of unaccompanied children pouring illegally across our southern border, we have to look for the root cause, and we have to do that compassionately. As others and I have said, that means making it clear to parents in Central America that there will no longer be any payoff for subjecting their children to a dangerous, unconscionable journey in the hands of criminal human traffickers. We need to send the children home as soon as possible.