.....Advertisement.....
.....Advertisement.....

Business/Economy

  • Obama says voters may blame him for economy

     

    WASHINGTON (AP) — President Barack Obama insisted Friday that the U.S. economy is digging itself out of the deepest recession in decades but conceded that "progress has been painfully slow" and many voters in November's elections may blame him.

    Facing a rising jobless rate, Obama told a White House news conference: "For all the progress we've made, we're not there yet. And that means the people are frustrated and that means people are angry."

  • New Mexico’s public pension plan going broke

    Analysis by professors at the University of Chicago and Northwestern University predicts that New Mexico will be one of the states to suffer a collapse of its public pension plan in the next two decades.  
    They predict that New Mexico will run out of pension revenue in 2023, and the following year be required to pay out $2.6 billion in public employee pensions, a sum representing 46 percent of the entire state annual budget revenue.