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The Best in Alternative News

Unemployment Rate for Black Americans Hits Record Low…

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The unemployment rate for black Americans hit a record low of 6.8 percent in December, which is the lowest level seen in the history of the data, CNN reported. “It marks a swift comeback for black workers, who suffered through extremely high unemployment during the Great Recession,” the article states. “Black unemployment peaked at 16.8 […]

Macy’s Announces 5,000 Job Cuts, Closure of 7 More Stores; Stock Tumbles…

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The Amazon juggernaut continues to crush brick and mortar retailers. On Thursday morning, former retail giant Macy’s, announced that was preparing to fire 5,000 job cuts, including closure of seven previously unidentified stores and other cuts at remaining locations, as it seeks stability in a tumultuous climate for “physical retail.” The retailer’s cost reductions come […]

NY Fed Raises GDP Forecast, DOW Closes New Record…

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Almost too much winning… almost, but I think we can take it. The New York federal reserve has raised their anticipated fourth quarter GDP growth forecast to 3.8%. That’s only a week after previously raising it to 3.2%. The Stock Market closes again at yet another all time high today…

The State of Michigan Wrongly Accused 46k People of Unemployment Fraud…

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The state of Michigan collected more than $100 million from innocent residents after a computer error wrongly accused 46,000 people of unemployment fraud. Our affiliate WSMH interviewed on the victims about his experience, Lansing resident Karl Williams. After Williams was laid off from his job in 2011, he collected unemployment for around six months until […]

Here Are the Winners and Losers of the Tax Plan, by Income Bracket…

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By and large, Americans of all incomes will benefit from the Tax Cuts & Jobs Act that House Republicans have offered. But some by a lot more than others. That’s according to analysis done by Ernie Tedeschi, an economist in the Obama-era Treasury Department now at Evercore ISI. He used the Open Source Policy Center […]

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