The economy added only 80,000 new jobs to the nation’s nonfarm payrolls in June, according to the Labor Department. Many economists were expecting stronger growth in the jobs market, especially following ADP’s jobs report on Thursday that said private businesses added 176,000 new jobs in June. The Labor Department’s calculation is frequently at odds with ADP’s assessment and can be adjusted in a later report. The unemployment rate remained at 8.2% in June…. Read more: A modest proposal
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New Medicare tax creates incentive for home sales
The Patient Protection And Affordable Care Act (“Obamacare”) will affect everyone in the United States one way or another. But some people will be affected more than others. Among these are high income taxpayers. Starting in 2013, they will be subject to a brand new Medicare tax on their “unearned income.” …Continue Article HERE
Bank of America Announces Support for Colorado Wildfires Relief Efforts
DENVER–(BUSINESS WIRE)–Jul. 2, 2012– Bank of America today announced a $25,000 commitment to the American Red Cross Mile High Region to aid victims of the wildfires sweeping across parts of Colorado. The Waldo Canyon fire alone has already destroyed nearly 350 homes and forced the evacuation of 35,000 people, surpassing the 257 homes damaged recently by another wildfire near Fort Collins…. More:
Bank of America Announces Support for Colorado Wildfires Relief Efforts