The Economy Hub




NEWS: Turner Field, Drug Sentences, The Deficit, Clinton 2016, Musicians, and Superheroes

 Road President Obama has announced the leader of its new independent committee that will be investigating potential ethics violations by the nation's surveillance programs. At the head of the committee is James Clapper, the Director of National Intelligence who has already previously misled Congress. Turnerfield

Road A Georgia man fell to his death last night at Atlanta's Turner Field during a match-up between the Braves and the Philadelphia Phillies. 

Road US Attorney General Eric Holder announced yesterday that he will work to cut mandatory minimum sentences for low-level drug offenses, stating that "too many Americans go to too many prisons for far too long."

Road Current peace talks taking place between Israel and Palestine are facing potential problems as 26 long-term prisoners were moved by Israeli officials shortly before their release.

 Road North Dakota's U.S. attorney Timothy Purdon addressed a crowd of hundreds during a recent joint Pride Celebration hosted by Fargo and Moorhead, MN. During his impassioned speech, he told the state's LGBT citizens point-blank: "you have an ally". 

Road The U.S. Government announced yesterday that its budget deficit through July of next year will be 37.6 percent, and that the budget starting in September 2014 is on its way to having the smallest deficit in five years. 

Road Rihanna and Katy Perry recently reunited during a restaurant opening in NYC. No word yet as to whether there were any more "quasi-bi" antics this time around. 

Road Anthony Weiner, intentionally or not, teased a 2016 bid by Hillary Clinton for President of the United States, telling Buzzfeed that he "knows his wife's role" in the upcoming campaign. 

Road Adele is currently in talks to make a cameo appearance in Mathew Vaughn's upcoming film The Secret Service. If successful, she will be appearing in the film alongside David Beckham and Elton John. 

Road Those wishing to partake of fried food without the sting of racism can breathe a little easier

Road The Wanted released a new music video. Apparently, they also own the night. Who knew? Batman Wedding

Road Lady Gaga committed another possible fashion faux-pas in her quest to obtain even more "Applause". 

Road Meanwhile, Madonna was possibly channelling her uber-butch self a little too much during a recent paintball game. 

Road Breaking Bad continues with its ultra-violent final season.

Road Robert Downey, Jr continues to roll in it after new endorsement deals follow him after his successes with The Avengers and Iron Man 3

Road Torn between you love for your hubby and your love for Batman? Can't decide how to properly honor them both. Just do what these two guys did!


NEWS: Gym Selfies, The Economy, TSA, Lindsay Lohan, Same Love, Evil Giant Robots

Road Nick Jonas posted a shirtless photo on Instagram that has drawn the attention of many straight girl and gay boy fans across the web. Hugh Jackman posted a selfie too, but it showed less skin and a much more indimidating face.

Nick Jonas Shirtless Selfie Road A new report released by Dallas Fed conservatively estimates that the economic crisis that plagued the U.S. from 2007 to 2009 cost the economy $14 trillion, which is approximately one year's domestic GDP. 

Road After it was revealed that he had fallen behind in the polls, New York mayoral candidate Anthony Weiner has released a new campaign ad, saying that "quit isn't the way we roll..." 

Road Mexican rock band "Molotov" has announced that it will no longer use the word "maricon", due to a recent anti-gay attack against a Chilean teen that cost the victim his leg. Many LGBT advocates have also called for them to stop playing their popular song "Puto". However, the band defended the song, claiming that it advocates "anyone who attempts our freedom".

Road According to the U.S. Commerce Department, economic growth was reportedly 1.7% during the second quarter, which is significantly more than many economists previously estimated. 

Road Daniel Chong, the San Diego student who was left alone in a cell by the DEA for five days before authorities realized their error, has reportedly settled his lawsuit for $4.1 million

Road Singer Mary Lambert, best known as the voice of the heartwarming chorus of Macklemore's "Same Love", has released an extended, full song version entitled "She Keeps Me Warm". 

Road X-Men fans (including this writer) are rejoicing the fact that sentinels (aka evil giant robots) will be making an appearance in the upcoming film adaptation of X-Men: Days of Future Past. Trust me, if you're at all a fan of the franchise She Keeps Me Warm
(and gay parable), this is big news. 

Road According to a new report, misconduct by members of the TSA has risen by 26% over the last three years. 

Road Game of Thrones star Kit Harington (aka John Snow) confessed at a panel recently that Season 4 will be his favorite season of the show yet.

Road Lindsay Lohan was just recently released from rehab. Based on photos, she appears to be doing significantly better.  

Road New email documents released by the Department of Defense reveal that San Diego Pride Parade Organizers might have given permission for gay servicemembers to wear their uniforms before the DOD actually gave authorization. 

Road Project Runway winner Christian Siriano got engaged to long-time boyfriend Brad Walsh earlier this week.

Road A New York Appeals Court recently declared the city's ban on "large sodas" to be unconstitutional. 

Road Kristen Stewart recently told a member of the paparazzi "you don't deserve to breathe the same air as I do". How do we know? He caught it on video.

Road In an interview with Men's Health Magazine, Tom Brady announced that he will be opening up a new sports therapy center to "help athletes train smarter". 

Road A trailer has finally been released for Ben Stiller's The Secret Life Of Walter Mitty. Some film afficionados are already speculating that it could be an Oscar contender.

Road The Acedemy of Motion Picture Arts and Sciences has elected its first ever African-American president, Cheryl Boone Isaacs. 


NEWS: Manning, Dolan, The NSA, Josh Hutcherson's Penis, Baby Puffins

Road A verdict for Bradley Manning should be announced later today. 

Road Thanks to controversy surrounding his most recent escapades of online "sex messaging", Anthony Weiner has dropped to fourth place in a poll published by the Huffington Post. HuffPost also quipped: "Carlos is in danger..."  Josh_hutcherson_nude_leaked_nsfw

Road Meanwhile, Cardinal Timothy Dolan has no problem judging gay people, but he refuses to judge Anthony Weiner.

Road Debate has emerged online over a nude photo currently making the rounds in various gossip blogs. Life Of The Rich And Famous claims that the member-in-question belongs to celebrity straight-ally Josh Hutcherson. Others remain unconvinced. 

Road A teacher who recently appeared on an episode of Bravo’s Princesses: Long Island will now be losing her job thanks to an anti-gay slur she used while being filmed. 

Road Home prices are continuing to rise, and this most recent year-to-year jump is the highest that the housing market has experienced since March 2006. Experts cite a drop in foreclosures and fewer houses being left on the market among the chief reasons. 

Road The NSA has announced that it will be declassifying more documents regarding their controversial surveillance programs. 

Road Miley Cyrus released the 'director's cut' of her video for "We Can't Stop". Why do they need a director's cut? To get rid of the product placement, of course!

Road Lea Michele has spoken out for the very first time since the death of Cory Monteith. 

Road Matt Damon stopped by Univision's Despierta America to promote Elysium. Apparently, he doesn't really speak Spanish, but he seems to at least understand it very well...

Road They created a Grumpy Cat Grumppuccino. Seriously...see for yourself. Diana-goop-vf-30jul13-01

Road Neil Patrick Harris took his hubby and kids to the premiere of Smurfs 2. Naturally, the whole family was absolutely adorable.

Road Angelina Jolie topped the list of highest-paid celebrities.

Road Politico recently posted a rather unfortunate typo about Hillary Clinton on its website. 

Road Princess Diana will be gracing the cover of September's Vanity Fair, thanks to her new infant grandson and her upcoming biopic with Naomi Watts. 

Road Drivers in the town of North Berwick, Scotland, are being advised to keep an eye out for young puffins that could be hiding under their vehicles. Scientists say the young puffins settle there after leaving their burrows for the first time. The Scottish Seabird Centre has issued a statement...but who cares?! Baby puffins!!!


Poll: 80% Of Adults In U.S. Struggle With Poverty

Poverty-Rate
The data comes via a poll released by the Associated Press over the weekend, which points to "the widening gap between rich and poor, and the loss of good-paying manufacturing jobs as reasons for the trend."

The economic indicator, officially dubbed "economic insecurity", defines the criteria as those adults who have experienced unemployment at any point during their careers, spent a year or more relying on government assistance such as food stamps, or having an income at least 150% below the poverty line. According to Huffington Post, "measured across all races, the risk of economic insecurity rises to 79 percent." The study also marked a closing of gaps between whites and nonwhites with regard to poverty rates when compared to census data from the 1970s. It also showed:

"Marriage rates are in decline across all races, and the number of white mother-headed households living in poverty has risen to the level of black ones."

The study also remarks on the creation of "the invisible poor", which is a term used to describe those living in suburbs or rural towns who fall into the category of experiencing "economic insecurity".

"Concentrated in Appalachia in the East, they are numerous in the industrial Midwest and spread across America's heartland, from Missouri, Arkansas and Oklahoma up through the Great Plains."

Help_graffitiThese invisible poor, who, more often than not, tend to be white, are less likely to be targeted by programs seeking to aid other impoverished groups in other, more urban areas. This could be one of the contributing factors to why racial gaps are closing. Mark Rank, a professor at Washington University in St. Louis, told the Huffington Post:

"Poverty is no longer an issue of `them', it's an issue of `us'...Only when poverty is thought of as a mainstream event, rather than a fringe experience that just affects blacks and Hispanics, can we really begin to build broader support for programs that lift people in need."

Other noteworthy findings include:

  • "For the first time since 1975, the number of white single-mother households living in poverty with children surpassed or equaled black ones in the past decade, spurred by job losses and faster rates of out-of-wedlock births among whites. White single-mother families in poverty stood at nearly 1.5 million in 2011, comparable to the number for blacks. Hispanic single-mother families in poverty trailed at 1.2 million."
  • "Since 2000, the poverty rate among working-class whites has grown faster than among working-class nonwhites, rising 3 percentage points to 11 percent as the recession took a bigger toll among lower-wage workers. Still, poverty among working-class nonwhites remains higher, at 23 percent."
  • "The share of children living in high-poverty neighborhoods – those with poverty rates of 30 percent or more – has increased to 1 in 10, putting them at higher risk of teenage pregnancy or dropping out of school. Non-Hispanic whites accounted for 17 percent of the child population in such neighborhoods, compared with 13 percent in 2000, even though the overall proportion of white children in the U.S. has been declining."
  • "The share of black children in high-poverty neighborhoods dropped from 43 percent to 37 percent, while the share of Latino children went from 38 percent to 39 percent."
  • "Race disparities in health and education have narrowed generally since the 1960s. While residential segregation remains high, a typical black person now lives in a nonmajority black neighborhood for the first time. Previous studies have shown that wealth is a greater predictor of standardized test scores than race; the test-score gap between rich and low-income students is now nearly double the gap between blacks and whites."

Thus, while the economy has reportedly finished its recession from late last decade, it does not appear to be growing fast enough to sustain the record 46.2 million people reportedly living in poverty. 


Corporate Backing Shifts Gay Rights From Market To Main Street

MicrosoftstFor more than a decade, advertisers and corporate marketers have seen gays and lesbians mostly as consumers, as people with disposable income who could be tapped to boost a company's bottom line.

That said, seeing corporations pay lip service to LGBT rights has become somewhat expected, particularly around pride, when suddenly every company under the sun seems to be embracing their gay pals. So news that over 200 major corporations, including Apple, Nike, Google, Abercrombie & Fitch, Armani and Office Depot, signed Supreme Court amicus briefs opposing DOMA and Proposition 8 may seem normal and predictable. It's neither.

As James B. Stewart at the New York Times notes, this surge is quite the anomaly.

Historians told me there is little, if any, precedent for such early and extensive corporate support of a civil rights issue that remains, in at least many quarters, highly controversial. "By and large, corporations were not leaders but laggards in this process," said Gavin Wright, professor of American economic history at Stanford and author of Sharing the Prize, an economic history of the civil rights movement. "They supported a public accommodations law only after sit-ins and boycotts inflicted heavy losses and it became clear that these pressures were not going to fade away as the latest student fad…." But that changed, he said, "when they found that desegregation actually worked."

Corporations largely steered clear of the Equal Rights Amendment, and played little role decades ago in the early stages of the women's movement. And while many companies have joined in Supreme Court briefs in recent years supporting affirmative action and diversity in the workplace, those moves came long after landmark Supreme Court cases like Bakke in 1978...

By contrast, corporations are weighing in on the gay marriage issue in the first cases to reach the Supreme Court.

"I think you’ll find that, historically, most companies have had a policy against taking a stand or filing amicus briefs, and then only if there is a direct business impact," Mr. Willett said. "They don’t want to get involved in social issues. To see this many businesses rallying behind this cause tells you that it’s a real business issue."

Most of the CEOs and executives and management types within these supportive companies frame the matter not as one of emotions, as when politicians cite a gay child — Dick Cheney, for example — but one of hard facts: LGBT people are employees whose happiness and stable home lives help the business grow.  It is, to use one lawyer's phrase, "a business imperative."

LGBT people are no longer just a consumer base to be approached with cold calculation, to be marketed to and manipulated. We're actual people with emotions and loves and passions; we're people with jobs, whose happiness impacts our employers's success; we live down the road or around the bend, just on Main Street. We are, put simply, fellow humans, not faceless shoppers. And in a society where consumption and marketing have an oversized role in shaping our culture, corporate support could very well be just the ticket for discounting homophobia from coast-to-coast.


Illinois Business Leaders: Marriage Equality Makes Cents

6a00d8341c730253ef017c357d6694970b-200wiThe Chicago Tribune reports that more than 40 Illinois-based companies and their leading executives have penned an open letter making the economic case for marriage equality in the Land of Lincoln:

"To be competitive, a state must create an equitable, fair and respectful environment for all of its citizens," the letter said. "For this reason – among others — it is vitally important that Illinois lawmakers enact marriage equality soon."

In addition to Google Inc., Orbitz Worldwide Inc. and Groupon, individual signers of the letter include Desiree Rogers, CEO of Johnson Publishing Company, Lance Chody, CEO of Garrett Popcorn Shops, Fred Eychaner, chairman of the Newsweb Corporation and Laura Ricketts, co-owner of the Chicago Cubs. Eychaner and Ricketts are both openly gay executives who reportedly have funded the statewide push for same-sex marriage.

"States with the metro areas of New York City, Seattle, Boston, and Baltimore have already legalized marriage equality," the letter said. "Here in the Midwest, Iowa has granted full marriage equality, while Minnesota is poised to do the same later this year. Illinois simply cannot afford to be less competitive than other states."

Lawmakers in Illinois plan on currently getting their votes together for a forthcoming vote.


Trending



Towleroad - Blogged