Money

True friends of labor

Money | Every state celebrates Labor Day, but some states are better than others at actually promoting labor
by Timothy Lamer
Posted 9/03/05, 12:00 am

New York City reportedly hosted the first Labor Day parade on Sept. 5, 1882. Eleven years later, Labor Day had spread to more than half the states, and in 1894 Congress voted to make it a federal holiday.

Today, every state celebrates Labor Day-this year also on Sept. 5-but some states are better than others at actually promoting labor, and the differences can be stark.

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No way down

Money
by Timothy Lamer
Posted 8/27/05, 12:00 am

Here's a pop quiz for students heading back to college this week: What goes up but never comes down, defies the rules against perpetual motion, and increases even faster than grade inflation?

Answer: Their tuition bills.

When it comes to price increases, few products or services can match higher education. Not only are tuition prices rising, but they have been for decades and at a rate that is far faster than inflation.

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More with less

Money | While manufacturing employment has declined 20 percent in 15 years, manufacturing production has increased 61 percent during the same period
by Timothy Lamer
Posted 8/20/05, 12:00 am

The economy is growing and inflation is relatively low, but if the Democratic Party is certain of one thing, it's that any good economic news must be masking a devastating decline in manufacturing.

During the recent debate over the Central American Free Trade Agreement (CAFTA), House Minority Leader Nancy Pelosi (D-Calif.) pointed out that "we have lost millions of manufacturing jobs" under President Bush. "As our manufacturing base erodes, as our industrial base erodes, we have a president who is contributing to the further erosion of that base."

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