Builders broke ground on fewer homes in August, evidence that the housing market remains depressed.The Commerce Department said Tuesday that builders began work on a seasonally adjusted 571,000 homes last month, a 5 percent decline from July and a three-month low.
Tuesday the government's annual poverty and income report revealed that the earnings of male workers in the middle of the income ladder are lower today than they were almost 40 years ago.In 1973 the median male worker earned just over $49,000 when adjusted for inflation, while in 2010 that worker ma
Last year economist Lakshman Achuthan said he thought the United States had emerged from the depths of a recession, but today the picture looks a bit more grim. Unemployment is hovering above 9 percent and there were no new jobs created in August.
The towering brick buildings that cluster around where Cermak Road crosses the Chicago River in Chicago’s Pilsen neighborhood, on the city’s near Southwest Side, once hosted everything from cloth manufacturers to food warehouses.There’s still an industrial feel in the area, with barges floating up a