1. House Speaker John Boehner stepped out in front of the White House on Tuesday morning to say he will support President Barack Obama's plan
Digital First Media with wires
House Speaker John Boehner stepped out in front of the White House on Tuesday morning to say he will support President Barack Obama's plan to take action against Syria for alleged use of chemical weapons.
"This is something that the United States as a country needs to do," he said, adding that he thinks his Republican colleagues should support the president's call as well.
Shortly after he spoke, Rep. Eric Cantor, the majority leader, also said he would support the president's plan.
For more continuing coverage on the Syrian conflict, follow these live updates.
By Kristen Leigh Painter, The Denver Post
Demonstrators call for higher wages for fast-food workers outside a McDonald's restaurant in Northglenn, Colo., last week. (RJ Sangosti/The Denver Post)
Declining union membership coupled with a widening income gap and weakened labor laws are forcing the U.S. labor movement to experiment with a new identity and new tactics, as evidenced by recent demonstrations nationwide.
"In some ways the labor movement has hit bottom," said Paul Clark, director and professor in the School of Labor and Employment Relations at Penn State University. "Finally, they've recognized the need to make significant changes."
The movement's colorful past is full of various forms of strife and success but for decades has been defined by workplace organization and collective bargaining. The latest tactic has unions increasingly playing a supporting role for efforts to improve worker conditions without necessarily unionizing.show more
By Sarah Kliff, The Washington Post
WASHINGTON - The conventional wisdom is that young adults, the so-called young invincibles, will prove the hardest demographic to sign up for coverage under President Barack Obama's health-care law.
But one market research firm recently completed a survey of more than 3,500 uninsured Americans that shows young adults might actually be the easiest recruits.
"I think the fear that the risk pool is going to be very sick people is unwarranted," said Richard Hamer, managing principal at Minneapolis-based Deft Research. "I think a lot of studies show that the main obstacle is affordability, and that just won't be as much of an issue with younger people."
The Obama administration has made no secret of whom it wants to sign up: the young and healthy. These are the people who tend to have the lowest health-care costs - and they are why the White House is taking meetings with people from Web sites such as Funny or Die, encouraging them to promote the law.
The concern for months has been that young people won't sign up for health insurance. The reason the White House needs them - their low health-care costs - is the same one that could make them the least likely demographic to purchase health care.
Deft Research, in conjunction with the consumer information site HealthPocket, surveyed 3,584 uninsured people in an effort to determine whether that was true.show more
By Rachel Sapin, special to The Denver Post
Close up of stack of credit cards (Stock/Getty Images)
When Stephen Miles Till and Daniel Evan Garza started A Small Print Shop out of Till's garage in 2010, the two bonded over their distrust of borrowed money. "We're a cash business," said 32-year-old Till as the two owners sat outside of the shop's shared industrial space on 28th and Larimer streets in Denver. "We like looking in the bank account and knowing that money is real," added Garza, 25.
Garza and Till are part of a growing number of people in their 20s and early 30s, who have eschewed credit cards for cash and debit cards in their personal and professional lives.
Data from the FICO Banking Analytics blog shows credit-card use has declined for consumers in all age groups since 2005, but the increase in the percent of
(Severiano Galvan/The Denver Post)
consumers with no credit cards has been most dramatic for those ages 18-29. A recent Pew study of government data found that in 2010, only 39 percent of younger households (those under 35) carried a credit-card balance compared to 48 percent in 2007. The median outstanding amount owed among younger households with balances also dropped from $2,100 in 2007 to $1,700 in 2010.
Another post from FICO data scientist Frederic Huynh on credit trends by age also shows a bump in the percentage of people age 18-29 achieving higher credit scores by carrying less debt.
Huynh and other experts say the trend in younger consumers forgoing credit cards is a result of reforms in the industry through the 2009 CARD Act (such as disclosures of relationships between universities and credit-card companies, as well as bans on gifts like free T-shirts in exchange for applying for credit cards at university-sponsored events), a weak economy, larger student loans to pay off, and stricter lenders.
Till explains that when his print shop added three more employees and an automatic press to increase production, it was difficult to qualify for even a minimum $10,000 line of credit from the bank, given his limited credit history. "When I applied for a credit card to run the business too, they gave me a whopping $2,500 limit," he said.
Maclyn Clouse, a professor of finance at the University of Denver's Daniels College of Business, says debit cards are a challenge for credit scores as they do not report to the major credit bureaus. "A debit card is purely a transactional instrument," said Clouse. "That's not establishing a credit history for you. The only way you're goingto get that good credit history is by having a real loan."
Instead of a credit card, Till was able to build credit with a mortgage on his house, which allowed him to underwrite and slowly expand the business. While this worked for him, home ownership has become less common for people his age.show more