Posts in category Government & Politics


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JP Morgan Pledges $1 million Toward College Programs For Veterans

JPMorgan announced this week it will give $1 million to schools to improve higher education courses for United States military veterans.

In a press release, Maureen Casey, the director of military and veterans affairs for JP Morgan, said the money is meant to help veterans make the transition from serving their country in a military capacity to the working world.

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Jobless Claims Fall to Lowest Level in Six Weeks

Jobless claims fell by 2,000 in the first full week of January, according to numbers released this week by the U.S. Department of Labor.

The total number of weekly applications for benefits fell to 326,000, the lowest in six weeks.

It’s the latest in the a host of positive economic news in the past month – with the possible exception of the unemployment numbers, which showed only a gain of 75,000 in December 2013.

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Majority of Economists Optimistic About U.S. Economy in 2014

A majority of United States economists who work for private companies are optimistic about the country’s economy in 2014, according to a new survey released this week.

The survey, from the National Association for Business Economics (NABE), found that more than 40% of economists working for U.S. companies said they expect firms to raise prices for the first time since 2012 and that the overall economic outlook is improving.

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EducationGovernment & PoliticsNews

Datapalooza Celebrates Innovation in Higher Education

In answer to President Obama’s call for better access to higher education for those with less money, experts gathered this month at a summit called the Education Datapalooza, hosted by the White House and the Department of Education.

In a blog post on the Department of Education website, Education Secretary Arne Duncan wrote that meeting was part of the president’s plan to make education affordable for every American.

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Consumer Spending Increased in November, Government Reports

Consumer spending rose again in November 2013 at the fastest rate since June – the latest in string of good news about the economy.

The U.S. Department of Commerce reported that spending by consumers had jumped by .5% in November after a .4% gain in October. The Commerce Department reported that the gain was driven by consumers buying durable goods such as automobiles, furniture and appliances.

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Economy Grew in the Third Quarter at Fastest Rate in Two Years

As the country headed into the last weekend before the Christmas break, the federal government announced that the gross domestic product in the third quarter grew at a faster rate than first reported.

The economy expanded in the third quarter at a 4.1% annualized rate, higher than the 3.6% first reported, according to the U.S. Department of Commerce. That’s the fastest rate in almost two years.

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Most Projections Point to An Improved Economy in 2014

A number of factors – including a resurgent automobile industry and an increase in energy industry production – are pointing to an improving economy in 2014, according to predictions from Forbes.

Forbes writer Michael Evans offered a list of factors that have helped the United States experience a “slow but steady recovery” since the end of the Great Recession in 2008.

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