Daily Archive: June 29, 2012

Opinion

Congress is out of order

(NNPA)—Last week, in the latest example of political posturing, the House of Representatives’ Oversight and Government Reform Committee voted to hold Attorney General Eric Holder in contempt for not producing certain documents relating to the “Fast and Furious” program of providing guns to drug gangs and tracking their use in Mexico. The White House, meanwhile, cited executive privilege to withhold requested documents.The procedural vote by the Oversight Committees appears to have been taken merely for embarrassment value in an election year. The last time I checked, the American people elect members of Congress and expect the Department of Justice to handle matters of national importance that affect their everyday lives.

Opinion

President Obama is uniquely qualified

Dear Editor: For the last few years, we, the people of the United States, have had the opportunity to rally around a president who personally embodies the hallowed phrase “Black and White together” and its companion “we shall overcome one day.” President Barack Obama is uniquely qualified by his individual heritage and his avowed ideals to enable this nation “to rise up and live out the true meaning of its creed.”

Entertainment

‘Best Shot in the West’

by Terri SchlichenmeyerFor New Pittsburgh Courier Summer is coming, and that means a summer job. But what can a kid like you do? You’re so past the Kool-Aid stand age. Babysitting only goes as far as next weekend, which isn’t enough. And your mother’s chore list, well, ’nuff said.

Business

Homeownership declines as renter numbers grow

(NNPA)—Despite some signs of housing recovery America remains a nation burdened by high housing costs, according to a new report from Harvard University. The report, State of the Nation’s Housing 2012, finds some signs of recovery in the housing market in spite of continuing concerns about foreclosures and the border economy. Whether renting or buying a home, the number of households paying more than half of their incomes for housing now stands at 20.2 million. “Recovery in the owner-occupied market could strengthen, if positive job numbers and tightening markets encourage more households to buy,” the report states. “Although young households have increasingly opted to rent in recent years, most still aspire to homeownership.”

DamonCarrBox

Business

Lessons learned during a recessionary economy

Throughout this recession, I’ve gained clarity and confirmation that the financial information I’ve shared with readers and clients over the years will help avoid setbacks and ultimately lead to financial prosperity. Even if you’ve managed to stay gainfully employed, you’ve been affected by this economy to some degree. For many of us, our cash-flow has been negatively affected by reduced income due to low sales, salaries and hours being cut, bonuses and overtime being eliminated and/or merit raises and promotions being deferred. If you’ve managed to keep your cash flow moving in the right direction, look at your saving and investment portfolio. With the huge losses in the stock market, most of us are poorer today than we were a few years ago.

Business

Prepare kids for summer job expenses

High school and college students hoping to find temporary jobs may be in for a tough time this summer—once again—as they compete with older, more experienced workers in a still-struggling economy. But if your kid is fortunate enough to find work, there are a few things he or she —and you—should know about the economic and tax ramifications of temporary employment: Payroll deductions. If this is their first job, warn your kids about common payroll deductions that can take a big bite out of take-home pay. Common culprits include state and federal income taxes, Social Security and Medicare (FICA), health and unemployment insurance, uniforms and union dues.

Business

Report name change to Social Security

by Patricia Thibault This time of year, we see a lot of weddings,that means name changes. If you need to change your name due to marriage, divorce, or any reason, report the change to Social Security. Why? First, IRS and Social Security match computer records. If the name and Social Security number you report on your tax return do not match the name and Social Security number in our records, it could delay the processing of your return as well as any tax refund you might be due.

Sports

Penguins pleased after busy, successful draft

by Will GravesAP Sports Writer PITTSBURGH (AP)—No seller’s remorse for Ray Shero. The Pittsburgh general manager insists he did the right thing—both for the players and the organization—by trading popular center Jordan Staal and defenseman Zbynek Michalek on Friday night. FIRST ROUND PICK—Derrick Pouliot, left, a defenseman, stands with Penguins owner Mario Lemieux after being chosen eighth overall after the team had traded Jordan Staal to the Carolina Hurricanes for two current players and moved up to the Hurricanes eighth spot in the first round of the NHL hockey draft June 22, in Pittsburgh. (AP Photo/Keith Srakocic)