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By Tony Blair
$18.89
By Eugene Jarecki
$20
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Jeff Parker, Cagle Cartoons, Florida Today —
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astoriafederal.com
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The annual savings rate dropped to the lowest level in 74 years, the Commerce Department has reported. On average, Americans saved a “negative 1 percent” in 2006, meaning people not only didn’t save but dipped into their savings and borrowed in order to spend more than their income.
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The Federal Reserve finds that the average family has only about $3,800 in the bank, no retirement account and no stocks or bonds, and can’t pay off a $2,200 credit card balance.
Pretty grim…. But don’t fear. Tax cuts for the rich will make everything all better.
Posted on Mar 5, 2006
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The Gray Lady publishes a slew of important and underreported stories its Saturday edition:
Two federal courts strike down the Partial Birth Abortion Act because it doesn’t have an exception for the life of the mother.
Yahoo and AOL are going to introduce digital postage stamps that companies can buy to ensure delivery of their e-mail.
Most Internet users have no idea how easy it is for courts to get ahold of their personal information.
The personal savings rate of Americans falls below zero for the first time since the Great Depression.
Now James Frey’s editor says that he, too, was fooled by the fabricating fabulist.
Posted on Feb 4, 2006
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