TV News LIES

Almost 1-in-4 U.S. children lived in poverty in 2012, not statistically different from 2011 despite improvements in the economy, researchers say.

Beth Mattingly of the Carsey Institute at the University of New Hampshire and research assistant professor of sociology; Jessica Carson, a research scientist at the Carsey Institute; and Andrew Schaefer, a doctoral student in sociology and a research assistant at the Carsey Institute said the state of New Hampshire experienced the largest increase in child poverty of any state in the country from 2011-12.

When I first heard a friend of mine from college was on food stamps, I was shocked. We were both recent graduates of a top liberal arts college, and I could not fathom that someone from my school was in such a "desperate" situation. Not long after, I was on food stamps as well.

The past year since I left graduate school has pretty much been: job application, job application, job application, interview, rejection, another job application, temp work, job application, another temp job, more job applications. For nearly eight months, I was unable to secure opportunities that weren't sporadic or temporary, making it difficult to pay rent and buy food.

The gulf between the richest 1 percent and the rest of America is the widest it's been since the Roaring '20s.

The very wealthiest Americans earned more than 19 percent of the country's household income last year — their biggest share since 1928, the year before the stock market crash. And the top 10 percent captured a record 48.2 percent of total earnings last year.

Bank of America Corp., the second-largest U.S. lender, will eliminate about 2,100 jobs and shutter 16 mortgage offices as rising interest rates weaken loan demand, said two people with direct knowledge of the plans.

About 1,500 of the workers helped process home loans, said one of the people, who asked for anonymity because while affected employees were notified on Aug. 29, the scope of the plans hadn’t been publicly announced. About 400 worked in a suburban Cleveland call center, and 200 dealt with overdue mortgages, the person said. The reductions are scheduled to be completed by Oct. 31, the people said.

Head Start programs erased services for 57,000 U.S. children in the coming school year to balance sequester-starved budgets, federal data indicated.

The latest numbers, based on results of "reduction plans" Head Start grantees submitted to the Department of Health and Human Services, will affect tens of thousands of poor families across the country who rely on Head Start for early learning programs, day care, and social services and medical care for their children.

Hundreds of millions of times a day, thirsty Americans open a can of soda, beer or juice. And every time they do it, they pay a fraction of a penny more because of a shrewd maneuver by Goldman Sachs and other financial players that ultimately costs consumers billions of dollars.

The story of how this works begins in 27 industrial warehouses in the Detroit area where a Goldman subsidiary stores customers’ aluminum. Each day, a fleet of trucks shuffles 1,500-pound bars of the metal among the warehouses. Two or three times a day, sometimes more, the drivers make the same circuits. They load in one warehouse. They unload in another. And then they do it again.