WASHINGTON (Reuters) - U.S. job growth likely accelerated in November as former striking workers returned to General Motors’ (GM.N) payrolls, which would confirm that the economy remained on a moderate expansion path despite a prolonged manufacturing slump. FILE PHOTO: The GM logo is pictured at the General Motors Assembly Plant in Ramos Arizpe, state of Coahuila, Mexico October 7, 2019. REUTERS/Daniel Becerril The Labor Department’s closely watched monthly employment report on Friday is also expected to show steady wage gains and the unemployment rate holding near a 50-year low. The report would validate the Federal Reserve’s decision last month to cut interest rates for the third time this year, but signal a pause in the easing cycle that started in July when it reduced borrowing costs for the first time since 2008. U.S. central bank policymakers are expected highlight the economy’s resilience when they meet on Dec.10-11. Recent reports on the … [Read more...] about Returning General Motors workers seen boosting U.S. November payrolls
A number of research studies have found that on average males score higher than females on tests of general knowledge (e.g. Ackerman, Bowen, Beier, & Kanfer, 2001; Lynn & Irwing, 2002; Lynn, Irwing, & Cammock, 2002, among many others).1 The reasons for this are not yet clear. Some psychologists consider acquired knowledge as an important component of intelligence, although one among many other components, most of which show no sex differences. The concept of crystallised intelligence explicitly includes how much information a person has acquired in their life, and a number of IQ batteries, such as the Wechsler Adult Intelligence Scales include measures of general knowledge. Differences in verbal ability or abstract reasoning have been ruled out as explanations (Lynn & Irwing, 2002). Some researchers have argued that differences are most likely due to different interest held by men and women respectively. One study for example found that out of 19 domains of … [Read more...] about Why There Are Sex Differences in General Knowledge
PHOENIX (AP) — An Arizona grand jury’s indictment accuses a tax preparer of false returns, identity theft and failure to file taxes. Roberto De La O is accused of preparing false Arizona personal income tax returns between 2014 and 2017. The state Department of Revenue’s Criminal Investigations Unit gathered evidence in the case. De La O allegedly prepared about 118 tax returns that fraudulently listed Arizona income tax withholding. State Corporation Commission records list De La O as manager of Red Home Investments. Prosecutors say the inclusion of fraudulent withholding amounts on their returns resulted in higher refunds for taxpayers. The affected taxpayers will now have to file amended returns and be responsible for the additional taxes due along with interest. It was unclear Monday if De La O has a lawyer yet. … [Read more...] about Arizona indictment accuses tax preparer of false returns
Photo: Getty Images Last June, Senator Kamala Harris used a televised hearing of the Senate Intelligence Committee to mercilessly dismantle Jeff Sessions, the attorney general. Sessions told the committee he could not answer any questions about President Trump, citing a vague “policy.” Using the rapid-fire questioning method she had honed as a prosecutor, Harris forced Sessions to admit he could not describe the policy in any specificity and didn’t even know if it was written down. At several points, Harris so flustered her prey that his former Republican Senate colleagues came to his defense, asking that he be given more time to answer her chain of queries. I found Harris’s performance highly compelling, not only as a demonstration of effective legislative oversight, but also as a set piece of political theater for a potential presidential candidate in 2020 or beyond. Many liberals took away from the episode something different. The dominant focus of their … [Read more...] about Democrats Have Great Female Presidential Candidates. They Need to Avoid the Victim Trap.
Rising income inequality, like climate change, is an ideologically inconvenient issue for conservatives. They would prefer not to discuss it altogether. If forced to discuss it, they will generally either deny its existence or simply carry on as if it doesn’t exist. The underlying facts, like the facts of climate change, are stark. Over the last few decades, income growth for most Americans has slowed to a crawl, while income for the very rich has exploded. That’s a reversal of the three decades following World War II, when all income groups got richer, with the poor and middle class rising at a faster rate than the rich. Crucially, the Congressional Budget Office’s new analysis shows that changes in government policy over this period have made inequality worse. (In CBO-speak: “The equalizing effect of transfers and taxes on household income was smaller in 2007 than it had been in 1979.”) We’re not having a debate about how to reverse or … [Read more...] about The Ideological Fantasies of Inequality Deniers