Category Archives: National News

“Now The Pain Begins”: S&P, Moody’s Cut Illinois To Near Junk, Lowest Ever Rating For A U.S. State

“We’re going to start to see some real pain now,” Senate President John Cullerton told reporters in Springfield on Wednesday after both S&P and Moody’s downgraded Illinois to just above junk, the lowest ever rating for a US state. “We’re going to start to see downgrades. We don’t have any funding for schools. We don’t have any funding for higher end and a bunch of social programs.”

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“Astonishing Numbers”: US Wages Peaked With Boomers Born In 1942

In a new study entitled “Lifetime Incomes in the United States over Six Decades,” economists from University of Minnesota, the University of Chicago and Princeton University took a look at the median lifetime earnings (from ages 25 – 55) of Americans over a multi-decade period starting in 1960. The new paper includes some “astonishing numbers,…The stagnation of living standards began so much earlier than people think…”

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Russia Slams “Absurd” Trump Demands, Warns Tillerson “Don’t Strike Syria Again”

Amid attempts to “clarify areas of sharp difference,” Russian Foreign Minister Sergei Lavrov blasted the Trump administration’s “ambiguous and contradictory” foreign policy at the start of talks with Tillerson in Moscow Wednesday calling the demand for the Kremlin to abandon Assad “absurd.” Furthermore, he warned Tillerson that Russia “believes it’s fundamentally important not to let these actions happen again.”

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The Sad State Of America’s Infrastructure In One Infographic

According to the American Society of Civil Engineers, the United States currently has an “infrastructure gap”. If the discrepancy is not closed between what needs to be invested in infrastructure and what is actually invested, it could ultimately create a $4 trillion drag on GDP by 2025. As a result, between 2016 and 2025, each American household will lose $3,400 in disposable income due to infrastructure inefficiencies.

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