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Hard times for British expats in the Florida sun

Florida’s once-booming housing market is at the heart of America’s financial crisis. In 2006, an average family home was $248,000; by 2009, that had fallen to $142,000 A short hop from Disneyworld in the heart of Florida, there’s a little slice of Britain on offer at Harry Ramsbottom’s pub. Cornish pasties, beans on toast or the [...]

Reform takes on a national agenda | John Springford

With global co-operation fading away, there are disturbing gaps in the approach to financial reform in Europe and the US Consensus on financial reform seems further away than ever. In January, Barack Obama finally got on board with the “Volcker rule” to get tough with US banks, after months of dithering. The rule, long advocated by [...]

In pursuit of flexible working

Women now make up half the US workforce, yet dated attitudes to family-friendly working hold many back. Mary O’Hara meets leading campaigners looking to the UK for inspiration Toward the end of 2009 when it was announced that for the first time, women constituted half of the US workforce, a report by liberal thinktank the Center [...]

California’s education charade | Sasha Abramsky

Anti-tax revolts have led to a huge gap between well-resourced schools for the wealthy and starved-for-cash schools for the poor Over the next two weeks, more than 5,000 Los Angeles school employees – teachers and other personnel – will receive lay-off notices informing them that they might not have jobs come the start of the next [...]

US to charge tourists for entering country

Barack Obama passes a new law to encourage foreign tourists to visit – by charging them for the privilege The US yesterday passed a new law designed to boost dwindling numbers of foreign tourists – it will start charging them for the privilege of entering the country. The bizarre move has prompted controversy on both sides of [...]

US unemployment rate stable at 9.7%

Fewer jobs cut than expected, bolstering hopes of a recovery in the US, but the White House and labour department are split over how much can be blamed on bad weather The unemployment rate in the United States held steady last month as employers cut fewer jobs than expected, according to official data today that bolstered [...]

Business week in pictures

This week’s business stories in pictures
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$50 for Ronald Reagan’s head | Richard Adams

The Republican Ronald Reagan fan club wants the former president’s face to replace Ulysses Grant on the $50 bill Ronald Reagan, as we all know, single-handedly defeated communism – and what better way to commemorate that fact than putting his face on US currency? That’s what Patrick McHenry, one of the more red-meat Republicans in Congress, [...]

Should Barack Obama do more for black America? | Lola Adesioye

He need not ‘ballyhoo’ a ‘black agenda’ but solving problems that affect African-Americans would strengthen the US as a whole Over the past week, the recording of an on-air argument between Reverend Al Sharpton, the prominent civil rights leader, and Tavis Smiley, a well-known African-American media personality, has been circulating in the black US media. Sharpton [...]

Michael Tomasky: Make. Them. Filibuster.

Jim Bunning, GOP senator from Kentucky, really is sort of crazy. His one-man opposition to the unemployment extension bill not only cost a couple thousand people their jobs already, but now the AMA says that starting today, it leads to a 21% fee cut for doctors seeing Medicare patients. The issue here isn’t the doctors, but [...]