Watch out for this scam: a phone call seemingly from somebody you should trust, giving reliable sounding information, requesting money. You Wouldn’t Be Fooled by This If you get an email written in imperfect English from somebody saying she needs your help to move a huge amount of money out of her African country, and that you’ll get a healthy … Read More
Executive Compensation and Income Inequality
How much has the compensation of top corporate executives really been going up? How much in comparison to their employees?
The Minimum Wage and Wage Stagnation
Has the minimum wage really been declining? Would an increase in the minimum wage mostly affect teenagers? What about women? And minorities?
The Role of Labor Unions in Why Middle Class Wages Aren’t Increasing
Economists can debate how much unions have helped boost wages historically. But unionsâ decline does seem related to our wage stagnation.
Sensible Reasons Why Middle Class Wages Have Not Increased in the Last 10 Years
Wages have not been rising because of high unemployment, increasing employer health care costs, and the shift to lower paying jobs.
Wasson & Thornhill Named Bankruptcy Law Firm of the Month
Wasson & Thornhill has been named Bankruptcy Law Firm of the Month by the Kentucky edition of Attorney at Law Magazine. Below is an excerpt and you can read the full article by clicking here or click here to download a PDF. One of the secrets of the legal profession is that larger firms need a lot of volume to make their … Read More
Declines in Educated Americans’ Income After the Great Recession
Income has gone down since the official end of the recession in spite of more education.
Medical Costs ARE Really Rising More Slowly, But How About for You?
The trend of reduced cost increases should at least partially continue even as the economy improves. But it’s a different story for your personal budget.
Medical Cost Increases Are Shrinking . . . Really?
Health care costs have been rising more slowly. Although this is partly tied to the poor economy, some of the change appears to be more long lasting.
The Federal Budget Deficit is Shrinking, and Fast
This year’s deficit is now expected to be about 59% as much as last year’s, and the next five years’ deficits even less.
Our Total U.S. Government Debt–Stacked on a Football Field
If you covered every square inch of a standard football field with stacks of crisp $100 bills, how high would those stacks reach to match our national debt?
More Fun Tax Facts–the Wealthiest 400
Found so much interesting about taxes that wouldn’t fit into our last blog, so had to give you more. Such as the income and taxes of the wealthiest tax return filers.
The Sharp Teeth of the Justice Department’s Lawsuit Against Standard & Poor’s for Its Fraudulent Credit Ratings
This financial fraud lawsuit seems more aggressive and may be more effective in finding fault that have been the previous multi-billion dollar efforts against other players in the financial crisis.
Whistleblowing “Independent Claim Reviewer” Reveals the Lie Behind the Recent $8.5 Billion Bank Foreclosure Abuses Settlement
Evidence is mounting that the banks suppressed the “independent” reviewers’ efforts to find foreclosure abuses and compensate homeowner victims.
The Maddening Reality behind the New $8.5 Billion Settlement of the Banks’ Foreclosure Abuses
This settlement means for of the same for the New Year: “no accountability for financial institutions and little help for borrowers,” according to a NY Times op-ed.