That shocking little pay cut we all took at the beginning of the year is being blamed as the reason why consumer confidence suffered a drop so large it wiped out all the gains registered in 2012.
Tag Archives: economy
Are We Heading Over the Fiscal Cliff?
A new report by the Congressional Budget Office (CBO) concluded that if the Bush-era tax breaks and looming spending cuts are not dealt with before the New Year, we will fall off the so-called “fiscal cliff” and end up with a jobless rate of 9.1 percent by next fall along with a shrinking economy.
Economy Blamed for Surge in Abortions, Vasectomies
By Susan Brinkmann, OCDS
Staff Writer
The poor economy is being blamed for a surge in the number of women seeking abortions and men requesting vasectomies because they can’t afford to have more children. Pro-life groups say the family planning industry is exploiting the situation to promote their business.
Pope Denounces Errors Behind Economic Crisis
Staff Writer
Pope Benedict XVI defended the Church’s right to present reasonable and well-argued criticism of the errors that have led to the current economic crisis, citing selfishness and idolatry of money among them.
US Bishops Will Confront Obama on Life Issues
By Susan Brinkmann, OCDS
Staff Writer
Leaders of the U.S. Conference of Catholic Bishops (USCCB) meeting in Baltimore this week pledged to support president-elect Obama but also to stress areas of disagreement with him, particularly on abortion and other life issues.
