Here's how Hillary solved that problem.12:35 PM, Sep 1, 2015 • By SHOSHANA WEISSMANN
In one of the newly release Hillary Clinton emails, a mostly redacted message from Philip Gordon to Huma Abedin and Jacob Sullivan ends with, "To quote Huma, I don't get paid enough." Abedin, Clinton’s closest aide, was able to change her fortunes with a little help from friends.
In 2012, Abedin transitioned to being a "special employee," meaning she could hold several jobs in addition to her role at the State Department. Presumably, that meant she got a raise.
As the Washington Post notes,
At the time, Abedin held four jobs with four different employers — an arrangement allowed by a special government designation she held permitting outside employment.
As for one of her four jobs, the New York Post reports that Abedin received a substantial salary increase:
She reportedly raked in $355,000 as a consultant to Teneo, while simultaneously pocketing $135,000 in government pay.
Teneo is a company closely tied with the Clintons. Bill Clinton formerly advised the company.
Abedin's two other jobs, according to CNN, included working for the Clinton Foundation and working for "Zain Endeavors," which "was registered 11 days before Abedin left her post as Clinton's deputy chief of staff."
12:00 AM, Jan 10, 2015 • By IRWIN M. STELZER
It’s us against them—an American economy on the upswing vs. a global economy that definitely is not. Last year the U.S. economy added almost 3 million jobs, the largest number in fifteen years. The headline unemployment rate is down to 5.6 percent, and the so-called U-6 unemployment rate, which includes workers involuntarily working short hours and those too discouraged to look for work, although still too high at 11.2 percent, is at its lowest level since 2008.
For better or worse.12:00 AM, Jul 12, 2014 • By IRWIN M. STELZER
All good things must come to an end. And bad things, too, if you believe that the Federal Reserve Board’s bond buying program was a mistake. The minutes of its June 17-18 monetary policy committee meeting, published a few days ago, reveal that these purchases, largely credited with keeping long-term interest rates lower than they would otherwise have been, will come to an end in October.
12:00 AM, May 10, 2014 • By IRWIN M. STELZER
Hedge fund manager Barry Rosenstein is not a man to be fazed by the recent rise in mortgage interest rates. Nor is he one to worry that the housing market might be softening, loping the odd million off the $147 million he shelled out for an 18-acre beachfront home in the Hamptons, on New York’s Long Island Sound. So all is well in the housing market.
And a higher interest rate?12:00 AM, May 3, 2014 • By IRWIN M. STELZER
The economy grew in the first quarter at “point one percent,” announced Mitch McConnell, and then repeated it by way of introduction to an attack on President Obama’s economic policies. Whether seeming to revel in the misery of a slow recovery that has kept unemployment high and wages low simply because it drives the president’s approval rating down is good politics I leave to politicians, “that insidious and crafty animal, vulgarly called a … politician, whose councils are directed by the momentary fluctuation of affairs,” as Adam Smith put it.
11:01 AM, Mar 26, 2014 • By DANIEL HALPER
The Republican side of the Senate Budget Committee has put together this chart showing that payments on the interest of federal debt will "dwarf virtually every federal expense" in 2024:
12:00 AM, Jul 6, 2013 • By IRWIN M. STELZER
Until recently it has been fashionable to denigrate the U.S. economic recovery: “America is the best house in a bad neighborhood,” sniffed many analysts. No longer. America is now a very good house in a terrible neighborhood.
12:00 AM, Jun 22, 2013 • By IRWIN M. STELZER
The bad news is that there is good news. At least, that’s how many skittish investors in shares and bonds see the increasingly cheery view of the Federal Reserve Board’s monetary policy gurus who concluded last week that downside risk to the economy has diminished since the Fall, and guessed that by the middle of next year the unemployment rate will have fallen from its current level of 7.6 percent to 7 percent, and then to between 6.8 percent and 6.5 percent by the end of 2014.
12:00 AM, May 25, 2013 • By IRWIN M. STELZER
At the conclusion of a lunch at the British embassy here in Washington, Britain’s ambassador, Sir Peter Westmacott, asked each of the four scribbler-economists he had invited to give his forecasts for the year.
12:00 AM, Dec 15, 2012 • By IRWIN M. STELZER
The fiscal cliff is a diversion, designed by politicians to conceal their inability to come to grips with the fact that they continue to spend too much, and refuse to reform a tax structure that reduces the competitiveness of American companies in world markets. No matter what deal is cut, whether before or after the new year, it will at best nibble at the edges of the trillion-dollar annual deficits that are being piled up.
11:49 AM, Oct 23, 2012 • By DANIEL HALPER
In a decade, federal spending to pay for the interest on America's debt will exceed total spending on the defense budget by $125 billion, or 20 percent, according to projections from the Congressional Budget Office and the Office of Budget Management. The projections are based on President Barack Obama's current budget plan.
12:36 PM, Apr 5, 2012 • By DANIEL HALPER
The latest chart from the Senate Republican Budget Committee, pointing out that under President Obama's budget, the U.S. government will be spending more in 2019 to pay the interest on the national debt than it will be to defend America:
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