The latest Fox News poll shows that voters have little trust in the president these days, with 61 percent of respondents saying Obama lies about significant issues "most of the time" or "some of the time." That includes 38 percent of Democrats and 63 percent of independents. This survey goes beyond the conventional "honest and trustworthy" measurement common in polls and tests the loaded term "lie." For so many to say that the president lies is a big deal in a country where trust in government continues to crater. read more
COLUMBUS, Ohio Household wealth for Americans still has not recovered from the recession, despite last summer's optimistic report from the U.S. Federal Reserve, a new study suggests.
Economists at The Ohio State University found that the mean net worth of American households in mid-2013 was still about 14 percent below the pre-recession peak in 2006. Their analysis suggested that middle-aged people took the biggest hit. read more
California Governor Jerry Brown, who decries a widening gulf between rich and poor, is campaigning for a fourth and final term presiding over a state that's outpacing the U.S. in producing both millionaires and food-stamp recipients.
Bloomberg News: Jeanina Jenkins, a 20-year-old high school graduate from St. Louis, is stuck in a $7.82-an-hour part-time job at McDonald's that she calls a "last resort" because nobody would offer her anything better. Stephen O'Malley, 26, a West Virginia University graduate, wants to put his history degree to use teaching high school. What he's found instead is a bartender's job in his home town of Manasquan, New Jersey. Jenkins and O'Malley are at opposite ends of a dynamic that is pushing those with college degrees down into competition with high-school graduates for low-wage jobs that don't require college. As this competition has intensified during and after the recession, it's meant relatively higher unemployment, declining labor market participation and lower wages for those with less education. read more
A California state senator was charged Friday with accepting $100,000 in bribes, lavish trips and no-show jobs for his children in exchange for pushing legislation to benefit a hospital engaged in billing fraud and participating in a film industry tax scheme that actually was an FBI sting. If convicted on all counts, state Sen. Ron Calderon (D) could face nearly 400 years in federal prison. Charges also were filed against his brother Tom, a former state lawmaker-turned-lobbyist. Ron Calderon has denied wrongdoing.