Friday, September 19, 2014

Why the typical worker is struggling to share U.S. prosperity (VIDEO)

America’s New Working Poor: Its former Middle Class

“The census numbers on what American families made last year are as mediocre as they are predictable. We now know that if your household brought in $51,939 in income last year, you were right at the 50th percentile, with half of households doing better and half doing worse. In inflation-adjusted terms, that is up a mere 0.3 percent from 2012. If you’re counting, that’s an extra $180 in annual real income for a middle-income American family.” 

College Debt Leaves Generation X Grads Less Wealthy Than Parents

Most college-educated 30- and 40-somethings earn more than their parents did at the same age, yet they’re saving less. Student debt is partly to blame.

While 82 percent of Generation X Americans with at least a bachelor’s degree earn more than their parents did, just 30 percent have greater wealth. A smaller share of workers without college education -- 70 percent -- have surpassed their parents’ incomes yet almost half had higher wealth, according to a Pew Charitable Trusts report released today.

Workers sue Samsung over exposure to hazardous chemicals

China: Robots to the Rescue

Industrial robots are stepping up as cheap labor increasingly becomes a thing of the past.

Alibaba surges 38 percent on massive demand in market debut

Alibaba Group Holding Ltd's (BABA.N) shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China's burgeoning middle class.

It was an auspicious debut for the Chinese e-commerce company, which was founded by Jack Ma in his apartment in 1999 and now accounts for 80 percent of online sales in China.

U.S. Border Patrol, under fire for use of force, to trial body cameras

The U.S. Border Patrol said body cameras would be trialled for its agents from next month following allegations over abuse and use of excessive force, as Washington gave the agency authority to investigate staff for criminal misconduct.

A review will examine the legal and policy implications of using the cameras at ports of entry to the United States, along its borders, and from the air and sea, a U.S. Customs and Border Protection (CBP) spokesman said.

U.S. police departments, facing similar criticism over harsh tactics and uses of deadly force, have also turned to testing body cameras - which can be attached to shirts or glasses - and dashboard-mounted ones for their officers.

Think Twice Before You Text That Message

A hand surgeon explains the dangers, especially for boomers