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President Obama’s nomination of Ernest Moniz for secretary of energy is a serious blow to environmentalists. Appearing before the Committee on Energy and Natural Resources yesterday, Moniz strongly supported an “all-of-the-above” strategy and emphasized that lowering the cost of energy should be the United States’ top priority.

Krugman speculates that they see this as a morality play wherein the rich are obviously the virtuous heroes (being rich and all) and the plebes are a bunch of lazy, immoral parasites who refuse to carry their weight. I think he's probably right, but I'm going to speculate further that for many of them this is a result of guilt at their own gargantuan selfishness and greed. I can only imagine that it's hard to live with yourself when you're taking more and more of the wealth that humans create while everyone else is falling behind.

On the very day that a bleak jobs report showed how feeble the recovery is, the White House revealed that the president will propose a budget that 

A new report looks at the voting patterns in the last election of the fastest growing racial groups in the U.S.—Asian American and Pacific Islanders (AAPI). A collaborative effort between Asian American Justice Center, Asian and Pacific Islander American Vote, and National Asian American Survey, the report presents results from the 2012 Asian American and Pacific Islander Post-Election Survey, the largest nationally representative survey of Asian American and Pacific Islander voters in 2012.

The beast is creeping back into the shadows.

As the rising cost of college puts a financial squeeze on students and their families, young people are encouraged to see student loans as an investment that leverages the mounting costs of attendance against a shot at greater lifetime earnings.

Unemployment rates for Americans under the age of 25 are the highest since the end of World War II. It's a situation that is unlikely to change anytime soon, according to a new report.

Since 2007, the average official unemployment rate for people under 25 has been 18 percent, 5.5 points higher than for the preceding 15 years, according to Bureau of Labor Statistics figures. This would seem to make the 16.2 percent rate for March look like an improvement.

The kids are not alright. So not alright, in fact, that about 45 percent of the nation’s unemployed are between the ages of 18 and 34, according to a recent report from Demos, a public policy organization. In addition to the more than 5.6 million young people who don’t have a job, there are about 4.7 million young employees who are underemployed or working in jobs for which they’re overqualified, the report found.

Once you get your hard-earned dollars into your 401(k), it’s painful to think they might not begetting you the highest return possible. Before you go any further, those who aren’t contributing regularly to a 401(k) or another type of tax-advantaged retirement account, such as a Traditional or Roth IRA, need to start now. While making that 10 or 15 percent contribution from your paycheck can be tough, there’s no excuse to not plan for supporting yourself in your old age.