Federal Reserve Chair Janet Yellen just introduced a new term into Fed Speak', "pent-up wage deflation". This seems to be an effort to explain away the problem of stagnant wages in the US economy that are not allowing the Fed to meet its 2% inflation goal by blaming it on the "inability or unwillingness of US firms to drastically cut wages" after the Bush collapse in 2008.
This, according to the Fed, is making it possible for companies to now expand employment without raising wages. Ms. Yellen did acknowledge that real wages had been declining for some time prior to the crash (real wages have been declining for 33 years, but who's counting).




Saudi Arabia has executed at least 19 people since August 4, 2014. Local news reports indicate that eight of those executed were convicted of nonviolent offenses, seven for drug smuggling and one for sorcery.
An Israeli air strike in Gaza killed the wife and infant son of Hamas's military leader, Mohammed Deif, the group said, calling it an attempt to assassinate him after a ceasefire collapsed.
This article is not a piece of commentary about beliefs or ideologies. Airing concerns openly can be constructive, civil debate can be productive, and incumbency shouldn’t equate to job security.
A House investigation into the Benghazi embassy attack concluded that the Obama administration was not guilty of any deliberate, negligent wrongdoing, according to Rep. Mike Thompson (D-Calif.). Thompson told SFGate that the report, from a GOP-led panel, "confirms that no one was deliberately misled, no military assets were withheld and no stand-down order" was given to troops in the area.





























