1 in 2 new graduates are jobless or underemployed

Note to Class of 2012: More than half of young college graduates now jobless or underemployed

Why biting into ice cream causes headache

Tavis Smiley & Cornel West on "The Rich and the Rest of Us: A Poverty Manifesto"

‘Oh Wow’: What Do Steve Jobs’s Last Words Really Mean?

“Oh wow.” Two words that can have many meanings.

Steve Jobs’s sister Mona Simpson has a moving tribute in the New York Times detailing some of his final moments and his last words.

According to the article, titled “A Sister’s Eulogy for Steve Jobs,” Jobs’s last words were “OH WOW. OH WOW. OH WOW.” (The words were rendered in all capital letters in the essay.)

People are fascinated by last words. They can be viewed as a summing up of a life. Because the person saying them has nothing left to gain (except in terms of their legacy), they can be seen by some as an honest a representation of a person’s true opinions as one can get in this life. And there’s a mystical quality to last words–we hear them and wonder if the person saying them can give us any insight or information about what’s really on the other side.

Fed downgrades growth forecasts, sees high unemployment for years ahead

The Federal Reserve sharply downgraded its projections for the U.S. economy Wednesday, warning that weak growth and high unemployment will be the norm for years.

The Fed expects that the unemployment rate will be around 8.6 percent at the end of next year, down only slightly from 9.1 percent today, and will still be between 6.8 percent and 7.7 percent in late 2014. In their June forecast, Fed officials said joblessness would come down faster, to around 8 percent by the end of 2012, when the next presidential election will take place.

Different State, Same Hate

On Monday, the U.S. Department of Justice (DOJ) filed a lawsuit against South Carolina to block the implementation of SB 20, a divisive and dangerous anti-immigrant law signed by Gov. Nikki Haley (R-SC) earlier this year. If SB 20 does take effect on Jan. 1, 2012, the law will create a new $1.3 million immigration enforcement unit for South Carolina and provide local law enforcement with overly broad authority to investigate residents' immigration statuses. As NCLR (National Council of La Raza) has repeatedly pointed out in the past, when other states attempted to pass similar bills, these anti-immigrant laws not only promote racial profiling and discrimination, but also violate the Constitution.

5 things you didn't know about the first black NBA player

Earl Lloyd was the first black person to play in the National Basketball Association. Lloyd made his historic debut in the NBA on October 31, 1950, during a time when many American institutions were still segregated.

Lloyd is remembered for being a trail-blazer for African-Americans in the NBA. What other contributions did he give to the world?

Food Stamps: Democrats In Congress Attempt To Eat On $4.50 A Day To Protest Potential Budget Cuts

Rep. Jackie Speier (D-Calif.) along with eight other congressional Democrats are eating on a budget of about $4.50 a day to show solidarity with food stamp recipients who receive $32.59 a week.

The personal thrift, which is part of a challenge organized by Fighting Poverty With Faith, was reported by Pacifica Patch. The site also listed the food items that Speier was now buying.

The number of people relying on food stamps has risen as a consequence of the recession. Over 40 million individuals and 19 million households used the program in 2010, according to the U.S. Department of Agriculture.

How To Look Good Using Food Stamps: Beautify Yourself with the Foods You Buy at the Market!

How To Look Good Using Food Stamps: Beautify Yourself with the Foods You Buy at the Market!

[Ebook, PDF Format]

Poorest poor in US hits new record: 1 in 15 people

The ranks of America's poorest poor have climbed to a record high — 1 in 15 people — spread widely across metropolitan areas as the housing bust pushed many inner-city poor into suburbs and other outlying places and shriveled jobs and income.

New census data paint a stark portrait of the nation's haves and have-nots at a time when unemployment remains persistently high. It comes a week before the government releases first-ever economic data that will show more Hispanics, elderly and working-age poor have fallen into poverty.

Owner of car dealership labeled "Taliban Toyota" wins millions

The owner of a large southwest Alabama car dealership derided as "Taliban Toyota" by a competitor has been awarded $7.5 million in damages after a jury trial for his slander claim.

Iranian-born Shawn Esfahani, owner of Eastern Shore Toyota in Daphne, Alabama, sought $28 million in compensatory and punitive damages from Bob Tyler Toyota, claiming employees at that Pensacola, Florida-based dealership falsely portrayed him as an Islamist militant to customers.

"The feeling I received in the courtroom for the truth to come out was worth a lot more than any money anybody can give me," Esfahani told Reuters on Tuesday.

4 million borrowers eligible for foreclosure review

More than 4 million borrowers who have faced foreclosure since early 2009 will have the chance to have their cases reviewed for potential wrongdoing, federal regulators and some of the nation’s largest mortgage servicers announced Tuesday.

The reviews stem from a deal forged earlier this year in which 14 servicers agreed to hire independent consultants to evaluate whether borrowers suffered financial injury during the foreclosure process. If a review finds errors or abuses by the financial firms, the consultants will determine what recompense wronged homeowners deserve.