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Keyword: bhoeconomy

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  • Why Are Wal-Mart And Boeing Laying Off Workers If The U.S. Economy Is In Good Shape?

    01/13/2017 9:35:34 AM PST · by Lorianne · 42 replies
    Economic Collapse ^ | 11 January 2017 | Michael Snyder
    The stock market has been on quite a roll in recent weeks, but signs of trouble continue to plague the real economy. Earlier this week, I talked about the “retail apocalypse” that is sweeping America. Major retail chains such as Sears and Macy’s are closing stores and laying off workers, but I didn’t think that Wal-Mart would be feeling the pain as well. Unfortunately, that is precisely what is happening. USA Today is reporting that approximately 1,000 jobs will be cut at Wal-Mart’s corporate headquarters in Bentonville, Arkansas by the end of this month…
  • A giant wave of store closures is about to hit the US

    12/31/2016 12:23:49 PM PST · by TaxPayer2000 · 197 replies
    Business Insider ^ | Dec 31, 2016 | Hayley Peterson
    Retailers are bracing for a fresh wave of store closures at the start of the new year. The industry is heading into 2017 with a glut of store space as shopping continues to shift online and foot traffic to malls declines, according to analysts ~SNIP~Nearly every major department store, including Macy's, Kohl's, Walmart, and Sears, have collectively closed hundreds of stores over the last couple years to try and stem losses from unprofitable stores and the rise of ecommerce. But the closures are far from over. Macy's has already said that it's planning to close 100 stores, or about 15%...
  • Americans Are No Longer on the Move

    12/30/2016 1:09:50 PM PST · by Kaslin · 31 replies
    Townhall.com ^ | December 30, 2016 | Michael Barone
    Americans see themselves as people on the move. When the going gets tough or when opportunity beckons, we get up and go. We move around a lot. Actually, we don't -- or don't nearly so much as we used to. The percentage of Americans moving every year is less than half that of a half-century ago and down significantly since the early 1990s. Some of that decline is a response to the economic cycle. Contrary to widespread impression, mobility tends to decline in bad economic times. The Okies moving from the Dust Bowl to the Central Valley of California made...
  • The Millennial Job Deficit

    12/27/2016 4:32:43 AM PST · by expat_panama · 11 replies
    Investors Business Daily ^ | 12/23/2016 | Editorial
    Jobs: While economists, the administration and the Fed all trumpet "near full employment," a stark reality intrudes: Most of the jobs created in the last decade have been temp or gig jobs, not permanent full-time work. It's a huge problem. From 2005 to 2015, fully 94% of the 10 million net new jobs were either temporary or contract gigs, says a new study by economists Lawrence Katz of Harvard University and Alan Krueger at Princeton University. The share of Americans — mostly Millennials — now doing what the study's authors call "alternative work" has risen from 10.7% to 15.8%. That...
  • Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time

    12/23/2016 2:47:44 PM PST · by blam · 21 replies
    Zero Hedge ^ | 12-23-2016 | Tyler Durden
    TylerDurdenDecember 23,2016 Just over six years ago, in December of 2010, we wrote "Charting America's Transformation To A Part-Time Worker Society", in which we predicted - and showed - that in light of the underlying changes resulting from the second great depression, whose full impacts remain masked by trillions in monetary stimulus and soon, perhaps fiscal, America is shifting from a traditional work force, one where the majority of new employment is retained on a full-time basis, to a "gig" economy, where workers are severely disenfranchised, and enjoy far less employment leverage, job stability and perks than their pre-crash peers....
  • Car-tastrophe - GM, Fiat Chrysler Idle 7 Plants; Over 10,000 Workers Affected

    12/22/2016 5:29:21 PM PST · by Lorianne · 56 replies
    Zero Hedge ^ | 19 December 2016 | Tyler Durden
    Cannot copy and paste content for some reason
  • The Obama Years In 9 Charts

    12/17/2016 9:43:47 AM PST · by Boomer · 60 replies
    The FR ^ | 12/17/2016 | Self
    The Obama Legacy explained in just 9 charts. A dead rat could do better.
  • Fed raises rates for the second time in a decade

    12/14/2016 11:32:55 AM PST · by RummyChick · 172 replies
    cnbc ^ | 12/14 | cox
    Federal Reserve officials, amid signs that the U.S. economy soon could shed its long period of stagnation, approved the first interest rate hike in a year Wednesday and said it foresees three more increases next year. The stock market reacted calmly, while the dollar and bond yields rose.
  • Donald Trump Is Inheriting the Best Economy in a Generation Thanks to Obama

    12/06/2016 9:48:52 AM PST · by SeekAndFind · 93 replies
    Fortune ^ | 12/06/2016 | Chris Matthews
    Thanks, Obama! Donald Trump had a rocky campaign. And the transition has been bumpy as well. But he looks to be rolling onto the presidency on the smoothest economic path of any president in a long time. Data ranging from wage and job growth to manufacturing-sector indicators show that Donald Trump is getting an economy in better shape than any new president in a generation. Take a look at the following four indicators to see just how fortunate the President-elect is: GDP Growth The only indicator that shows Trump inheriting a generally weaker economy than is typical is GDP growth....
  • Here's How Many Manufacturing Jobs We've Lost Since Obama Took Office

    12/02/2016 10:30:27 AM PST · by Kaslin · 40 replies
    Townhall.com ^ | December 2, 2016 | Cortney O'Brien
    As the media begins to draw a pretty picture about the November jobs report, namely that unemployment has dropped to 4.6 percent, its lowest level in nine years, they are unlikely to tell you the other part of the story. The labor force participation rate continues to decline and is stuck at a rate we haven't seen since February 1978, according to the Bureau of Labor Statistics. It gets worse. Last month, we lost 4,000 manufacturing jobs, offering more damage to the already 301,000 we've lost since President Obama took office. The Republican National Committee says that is going to change under President-elect...
  • 6 million Americans have stopped paying their car loans, and it's becoming a 'significant concern'

    11/30/2016 10:18:58 AM PST · by SeekAndFind · 86 replies
    Business Insider ^ | 11/30/2016 | Matt Turner
    There is a lot of talk out there about the auto-loan market right now. Hedge fund manager Jim Chanos has said the auto-lending market should "scare the heck out of everybody," while the auto-lending practices of some used-car dealerships has been given the John Oliver treatment on TV. It's a topic we've been paying attention to as well. In a presentation in September at the Barclays Financial Services Conference, Gordon Smith, the chief executive for consumer and community banking at JPMorgan, set out some eye-opening statistics on the market. Now the New York Federal Reserve is taking a closer look...
  • Pelosi Challenger: Dems Failed Because We Didn't Focus on Economy

    11/28/2016 3:45:03 PM PST · by Son House · 62 replies
    Fox News Sunday ^ | Nov 27, 2016 | Fox News Sunday with Chris Wallace
    Ohio Democratic Rep. Tim Ryan told Chris Wallace that the Democratic caucus' failure in this past election is due to the fact that their legislators have not concentrated enough on economic issues. Ryan, 43, who is challenging Rep. Nancy Pelosi (D-Calif.) for her House Minority Leader position, said "a robust economic message that covers everybody" is the best prescription for Democrats' success in the future.
  • Trump team looks to cash in on Black Friday

    11/25/2016 11:01:40 AM PST · by conservative98 · 7 replies
    NY Post ^ | November 25, 2016 | Natalie O'Neill
    Donald Trump’s online campaign shop is joining the Black Friday madness. The president-elect’s campaign is cashing in on the busy shopping day by offering 30 percent off his “Make America Great Again” gear, according to an email blast sent Friday. But to score a bargain on The Donald’s retail goodies — including caps, foam fingers and buttons — buyers are required to enter their employer and occupation on the shop’s website. A Trump spokeswoman said the information would be used for future fundraising. “That information is required for all political fundraising,” said spokeswoman Hope Hicks. To tap into the sale,...
  • Dow surges, up 250 points after FBI clears Hillary Clinton in latest email probe

    11/07/2016 6:41:05 AM PST · by John W · 68 replies
    CNBC via Yahoo News ^ | November 7, 2016 | Fred Imbert
    U.S. equities kicked off the week on a high note, opening sharply higher on Monday after the FBI again cleared Democratic nominee Hillary Clinton over her use of a private server. The Dow Jones industrial average quickly rose more than 250 points. "In terms of the market and its possible response on Wednesday, today's reaction to the FBI news is obvious evidence that market participants have wrapped up the world in a nice and easy box," said Peter Boockvar, chief market analyst at The Lindsey Group. "Hillary wins, good for stocks. Trump wins, bad for stocks. But, anyone who thinks...
  • Taco Bell to add 100,000 U.S. jobs by 2022 (racis'?)

    11/04/2016 9:11:46 AM PDT · by rktman · 33 replies
    marketwatch.com ^ | 11/4/2016 | Tonya Garcia
    Taco Bell, the Yum Brands Inc. YUM, -0.02% Mexican fast-food chain, said Friday that it plans to add 100,000 new jobs in the U.S. by 2022 and grow to 9,000 locations nationwide.
  • U.S. Economy Grew by 161,000 Jobs in October; Unemployment Rate Falls to 4.9%

    11/04/2016 5:45:23 AM PDT · by John W · 57 replies
    New York Times ^ | November 4, 2016 | Patricia Cohen
    The government, delivering the last major snapshot of the economy before Election Day, reported on Friday that employers added 161,000 workers in October, a performance that suggests a healthy outlook for the months ahead. The official unemployment rate dropped to 4.9 percent. Average hourly earnings rose 2.8 percent year over year, a strong showing. For the presidential campaign, the latest employment report serves as a Rorschach test allowing each side to offer its own distinctive narrative of the economy’s performance and prospects. “Both sides will be able to take something in that report, to assess blame or take credit for,”...
  • Ford To Idle Four Factories Due To Slowing Car Demand, Rising Inventories

    10/18/2016 8:56:53 AM PDT · by Brilliant · 72 replies
    Zero Hedge ^ | October 17, 2016 | Tyler Durden
    [The] US car industry history...suddenly appears to be bombarded with a barrage of bad news: starting with Ford's disastrous August sales when the company admitted "sales have reached a plateau"...one would almost think that a respite from the bad news was in order. One would be wrong. As a result of slowing demand and declining US auto sales coupled with growing inventory, Ford Motor is halting one of two plants that builds its top-selling F-150 pickup as it idles four factories this month amid slowing U.S. auto sales. Ford is shutting its Louisville, Kentucky, factory building the Escape and Lincoln...
  • Dodging the Jobs Problem (or how the NY Times explains the loss in jobs)

    10/17/2016 6:32:27 AM PDT · by bobsunshine · 13 replies
    The NY Sun ^ | October 17, 2016 | Editor
    Imagine you are an editorial writer of the New York Times (a stretch to be sure, but stay with us). Your biggest problem in the Age of Obama has to be that despite all the Democrats’ claims to have steered us into a recovery, jobs are lacking. Supposedly the unemployment rate has been brought down to 5%. But that’s because the job participation rate is at its lowest point in decades as millions of Americans are still too discouraged to look for work. How do you work around this pesky problem? Dang, if the Times hasn’t come up with its...
  • Depressing poll of the day (Media is concerned)

    10/15/2016 4:58:34 PM PDT · by 2ndDivisionVet · 18 replies
    The Politico's Morning Money ^ | October 14, 2016 | Ben White and Andrew Hanna
    DEPRESSING POLL OF THE DAY — The latest Marketplace-Edison Research survey shows economic anxiety is up to 36 from 30 a year ago (the scale runs 0-100). But that’s not the depressing part of the poll’s findings. It’s this: 25 percent of Americans “completely distrust the economic data reported by the federal government, including statistics like the unemployment rate, the number of jobs added, and the amount of consumer spending.” Perhaps unsurprisingly, that number soars to 48 percent of Donald Trump supporters compared to just 5 percent of Hillary Clinton supporters. Trump’s constant railing about phony economic numbers as well...
  • The 'Quiet Catastrophe' Of Men Choosing To Not Seek Work

    10/06/2016 4:00:53 AM PDT · by expat_panama · 294 replies
    Investors Business Daily ^ | 10/06/2016 | GEORGE F. WILL
    The "quiet catastrophe" is particularly dismaying because it is so quiet, without social turmoil or even debate. It is this: After 88 consecutive months of the economic expansion that began in June 2009, a smaller percentage of American males in the prime working years (ages 25 to 54) are working than were working near the end of the Great Depression in 1940, when the unemployment rate was above 14%. If the labor force participation rate were as high today as it was as recently as 2000, nearly 10 million more Americans would have jobs. The work rate for adult men...
  • September US auto sales slide even as discounts rise

    10/05/2016 11:50:00 AM PDT · by Lorianne · 26 replies
    CNBC ^ | 03 October 2016
    Major automakers posted lower September U.S. sales on Monday despite big consumer discounts, as pickup truck volumes fell for both General Motors and Ford. With the top six U.S. market leaders reporting, deliveries fell 0.6 percent from a year earlier. But sales were still strong at 17.8 million vehicles on a seasonally adjusted annualized basis, Bill Fay, head of the Toyota brand in the U.S. market, told reporters on a conference call. GM, the top-seller in the United States, posted a 0.6 percent decline. Ford reported an 8 percent drop, and Fiat Chrysler Automobiles was down 1 percent. Shares of...
  • Restaurant Industry, Leading Indicator of US Economy Sours, Bankruptcies Pile up

    On October 3, Garden Fresh Restaurant Corp., which owns Souplantation and Sweet Tomatoes, filed for bankruptcy. The company, owned by private-equity firm Sun Capital Partners, said it will close 20 to 30 of its 124 locations and put itself up for sale. On September 30, Restaurants Acquisitions, the operator of Black-eyed Pea and Dixie House restaurant chains, converted its Chapter 11 filing to Chapter 7 liquidation. The bankruptcy court order noted the company had shuttered its restaurants and management had resigned. On September 29, Cosi Inc., a fast-casual chain with 1,100 employees filed for bankruptcy. It closed 29 of its...
  • No Thank You, Obama

    09/20/2016 7:03:25 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | September 20, 2016 | Stephen Moore
    Last week, while touting the new Census report on income and poverty in America, Barack Obama took credit for $2 a gallon gasoline, and immodestly shouted to his crowd of supporters: "Thank you, Obama." I don't want to sound ungrateful, but given that for eight years your administration has done everything to decapitate the oil and gas industry that gave us low gas prices, sorry: No thanks are in order, Mr. President. Even more amazing was Obama's victory lap on the income numbers. Yes, incomes for middle-class families rose by an impressive 5 percent in 2015. And poverty fell. Thank...
  • No thank you, Obama The new Census report on income and poverty proves why no thanks are due

    09/19/2016 2:36:17 AM PDT · by expat_panama · 15 replies
    The Washington Times ^ | Sunday, September 18, 2016 | Stephen Moore
    While touting the new Census report on income and poverty in America, Barack Obama took credit for $2 a gallon gasoline, and immodestly shouted to his crowd of supporters: “Thank you, Obama.” I don’t want to sound ungrateful, but given that for eight years your administration has done everything to decapitate the oil and gas industry that gave us low gas prices, sorry, no thanks are in order Mr. President. Even more amazing was Mr. Obama’s victory lap on the income numbers. Yes, incomes for middle class families rose by an impressive 5 percent in 2015. And poverty fell. Thank...
  • Moody's: Sears' and Kmart's shutdown is imminent

    09/14/2016 2:25:22 PM PDT · by PROCON · 140 replies
    businessinsider.com ^ | Sep. 14, 2016 | Hayley Peterson
    Moody's analysts say Sears and Kmart don't have enough money — or access to money — to stay in business. In a note published Wednesday, the analysts downgraded Sears' liquidity rating, saying the company is bleeding cash and will have to continue to rely on outside funding or the sale of assets, such as real estate, to sustain operations. "We recognize the risks associated with relying on these sources and continued shareholder support to finance its negative operating cash flow which is estimated by Moody's to be approximately $1.5 billion this year," the analysts wrote. Kmart in particular is...
  • Millions of American teens are at risk of starving, and some are trading sex for food

    09/14/2016 10:34:56 AM PDT · by DCBryan1 · 109 replies
    circa.com ^ | 14 SEP 16 | circa news
    Millions of American teenagers are at risk of running out of food or don't have access to affordable, healthy food. Some of them are so desperate, they're selling their bodies and committing crimes to go to jail to ensure regular meals, according to an Urban Institute study. Breaking down the numbers The study found at least 6.8 million people were "food insecure," meaning they didn't have reliable access to affordable, healthy food. Another 4 million were in "marginally food secure" households, where the "threat of running out of food is real." All of the 10 communities surveyed in focus groups...
  • Cisco Systems to lay off about 14,000 employees: Report

    08/17/2016 5:01:58 AM PDT · by mykroar · 64 replies
    CNBC.com ^ | 8/17/2016 | Reuters
    Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to the company. San Jose, California-based Cisco is expected to announce the cuts within the next few weeks, the report said, as the company transition from its hardware roots into a software-centric organization. Apart from Cisco, two other big software companies, Microsoft Corp and HP Inc, have also announced job cuts this year.Microsoft said in July that it would lay off about 2,850 jobs over the next 12 months, taking its total...
  • The Unsexy Truth About Millennials: They’re Poor

    08/15/2016 11:06:57 AM PDT · by Lorianne · 269 replies
    Daily Beast ^ | 05 August 2016 | Samantha Allen
    Millennials are not some vast unsolvable mystery. According to a report from the U.S. Census Bureau (PDF), they earn $2,000 less than their parents did at a comparable age, they are more likely to live in poverty, and they are more likely to live at home. But Baby Boomers and Gen Xers still seem to find it hard to believe that basic economic math can explain much of the younger generation’s behavior. After several news outlets, including The Daily Beast, reported that rates of millennial sexual inactivity in early adulthood are surprisingly high, armchair social theorists came out in force...
  • Logan's Roadhouse files for bankruptcy; 18 restaurants closing

    08/14/2016 1:29:18 PM PDT · by 2ndDivisionVet · 33 replies
    The Birmingham News ^ | August 8, 2016 | Leada Gore
    Logan's Roadhouse restaurant chain has filed for bankruptcy. The filing was made Monday with U.S. bankruptcy court in Wilmington, Delaware. The plan, according to the company is "designed to restructure the company's balance sheet" while providing it with the "capital needed to turnaround operations." The Nashville, Tennessee-based steakhouse chain best known for its western flair and peanuts on the floor will close 18 restaurants as part of its restructuring. The chain operates 250 locations nationwide, including 23 in Alabama....
  • Macy's plans to close 100 stores, boost online investment

    08/11/2016 5:53:41 AM PDT · by Olog-hai · 87 replies
    Associated Press ^ | August 11, 2016
    Macy’s says it plans to close about 100 stores next year as the department store operator aims to become more nimble in a competitive market. That represents close to 14 percent of its store base. […] The nation’s largest department store chain says that it earned $11 million, or 3¢ per share, in the quarter ended July 30. That compares with $217 million, or 64¢ per share, in the year-ago period. …
  • How it’s Possible for the US Economy to Be Strong Even if Many are Not Fully Participating

    08/10/2016 2:37:04 PM PDT · by gop4prez · 13 replies
    Grey Enlightenment ^ | July 23, 2016. Edit | NA
    The left argues that wealth inequality will doom and economy because ‘no one will be able to afford anything’. But the empirical evidence refutes this. Consumer spending is at record highs and keeps rising. Stocks that are dependent on consumer spending keep making new highs. Amazon.com, Johnson and Johnson, Disney, Nike, Facebook, Google, and the consumer staples and consumer discretionary ETFs are are record highs.
  • How the Trump Presidential Campaign is Affecting Trump Businesses

    08/07/2016 8:29:26 AM PDT · by MaxistheBest · 24 replies
    FourSquare Direct ^ | 08/07/2016 | Foursquare
    At Foursquare, our data scientists are often called upon to analyze real world trends; we use Big Data to determine how commercial fortunes are rising or falling. This year, politics and business are intersecting, as one of the presidential candidates, Donald Trump, has extensive properties including casinos, hotels, and golf courses. Has his campaign been good for Trump-branded business? We have experience tackling these types of questions with a high degree of accuracy. Based on our foot traffic intelligence covering over 50 million users a month, we predicted Apple iPhone 6s sales, a hit Q4 for McDonald’s all-day breakfast, and...
  • High Cancellations Hurt July Class 8 Truck Orders

    08/05/2016 3:59:46 PM PDT · by Jack Hydrazine · 13 replies
    TruckingInfo.com ^ | 3AUG2016 | Staff Writer
    It looks like July was another off month for Class 8 truck orders as industry analysts are predicting some of the lowest numbers since 2010, according to preliminary numbers from ACT Research and FTR. FTR is predicting Class 8 truck orders will come in at around 10,400 units while ACT Research is projecting 10,500 units for the month. Both forecasts are well below July 2015 orders and mark one of the weakest months since 2010. Compared to June, orders were down 19%, which FTR attributed to higher than normal order cancellations in the month. “Usually there are a low number...
  • Here's what the real unemployment rate looks like

    08/05/2016 11:44:06 AM PDT · by BenLurkin · 12 replies
    cnbc ^ | 08/05/2016
    The U.S. unemployment rate remained at 4.9 percent in July, the Labor Department said Friday. But relying on that one number as an indicator of the job market is an oversimplification of the complicated world of employment. Each month on jobs Friday, the Labor Department's Bureau of Labor Statistics puts out a slew of employment-related data, each of which tells its own story about the jobs situation. Most economists look past the official unemployment rate — also known as the "U-3" number — to other metrics that provide other views of the state of jobs. One of those figures is...
  • US Homeownership Rate Crashes To Lowest Since 1965

    07/28/2016 9:00:33 AM PDT · by Rockitz · 27 replies
    ZeroHedge.com ^ | 28 July 2016 | Tyler Durden
    In hopes of promoting the narrative of a US housing recovery, one recurring thesis has been that as Millennials get older and start families, they will eventually leave their parents' basement and buy a house or shift from renting to owning. So far the facts have refused to corroborate this, and according to the latest "Housing Vacancies and Homeownership" report released on Thursday, the dream of owning a home just became even more distant. The reason: after staging a feeble rebound in late 2015, the US homeownership rate just tumbled from 63.5% to 62.9%, tied for the lowest print going...
  • Is U.S. Manufacturing Really in Decline?

    07/28/2016 5:37:52 AM PDT · by expat_panama · 102 replies
    Strategy+business ^ | July 26, 2016 | Daniel Gross
    Did you hear that U.S. manufacturing just had another big month? That output has risen about 20 percent in the past six years? That industrial capacity is actually expanding?Probably not. At most times, and especially in election season, the talk surrounding U.S. manufacturing is one of relentless decline: a loss of jobs, the shutting down of factories, increased competition from foreign countries, a global war in which the U.S. seems to be on the losing end.And of course, it’s true. At some level, manufacturing has declined dramatically — as a direct employer of American workers. According to the Bureau of...
  • 18 states see significant job gains, but unemployment rises

    07/22/2016 8:13:15 AM PDT · by BenLurkin · 5 replies
    WaPo ^ | 07/22/2016
    n Colorado, the rate jumped 0.4 point from May to a still-low 3.7 percent as more of its population began looking for work without being hired, a positive for the economy as it suggests greater optimism that these people will find jobs. A similar trend played out in five other states: Nevada and Oregon each saw a 0.3 percent increase, while rates went up 0.2 points in California, Maine and South Dakota. Those trends correspond with the national report that saw the unemployment rate rise from 4.7 percent in May to 4.9 percent as more workers started searching for jobs.
  • Stop Bleeding Red Ink, Make America Sustainable Again

    07/21/2016 5:51:20 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | July 21, 2016 | Veronique de Rugy
    The Congressional Budget Office recently released its long-term budget outlook. There isn't much new there; we are still in the red, and it will only continue to get worse. Considering the extent of the problem, you would think someone on the campaign trail would pay attention. Yet no presidential candidate really is. First, CBO projects that the federal public debt-to-GDP ratio will go from its current 75 percent (up from 39 percent in 2008) to 86 percent in 2026 and 141 percent in 2046. On the deficit side, CBO projects that by 2020, our deficit level will reach $1 trillion,...
  • Student Debt Helps, Not Harms, the U.S. Economy, White House Says

    07/19/2016 12:02:51 PM PDT · by Brilliant · 34 replies
    WSJ ^ | July 19, 2016 | Josh Mitchell
    The White House just released a big report on student debt that contains all the familiar horrors about for-profit schools, indebted dropouts and students defaulting on their loans. But it has an interesting conclusion: That growing stack of $1.3 trillion in student debt is helping, not hurting, the U.S. economy. That conclusion is sure to rankle the many student advocates and special-interest groups—from real-estate agents to employers seeking new tax breaks for their young workers—that argue student debt is a big “drag” on the economy. (Hillary Clinton and Donald Trump have each decried the rise in student debt.) But the...
  • U.S. economy shows few signs of sustained inflation pressure: Fed

    07/14/2016 1:44:28 PM PDT · by Berlin_Freeper · 11 replies
    reuters.com ^ | July 13, 2016 | Lindsay Dunsmuir
    The U.S. economy continued to expand from mid-May through the end of June but there was little indication that inflation would surge any time soon, the Federal Reserve said on Wednesday. Wage pressures were "modest to moderate" in most of the central bank's districts and price pressures remained slight, the Fed said in its Beige Book report of anecdotal information collected from business contacts across the country. Fed policymakers have been spooked by a lack of sustained progress in moving inflation up to the central bank's 2 percent target as well as by a global growth slowdown. U.S. business investment...
  • A staggering percentage of Americans are too poor to shop

    07/08/2016 8:29:44 PM PDT · by dynachrome · 211 replies
    NY Post ^ | 7-6-16 | Lisa Fickenscher
    Retailers have blamed the weather, slow job growth and millennials for their poor results this past year, but a new study claims that more than 20 percent of Americans are simply too poor to shop. These 26 million Americans are juggling two to three jobs, earning just around $27,000 a year and supporting two to four children — and exist largely under the radar, according to America’s Research Group, which has been tracking consumer shopping trends since 1979.
  • Believe it or Not: More Kids Live At Home Now than Since The Great Depression

    06/21/2016 4:48:13 PM PDT · by blam · 67 replies
    TMO ^ | 6-21-2016 | Harry Dent
    Jun 21, 2016 Harry_Dent We all know the situation in the markets is dire. Like, really, everyone knows. There’s an old phrase from Margaret Thatcher’s day (and mine, I suppose) that has recently come back into use: There is no alternative. There’s even an acronym: TINA. There is no alternative example of a campaign advertising material of the CDU for the 1994 election for the Landtag of Thuringia. That’s quaint, and all, but this meatily numbered piece shows the heart of what that phrase means. There is no alternative, the markets will correct. They have to, regardless of how hard...
  • Their Unrealistic Expectations Crushed At Last, Wealthy Millennials Now Shop At Dollar Stores

    06/17/2016 9:40:31 PM PDT · by 2ndDivisionVet · 80 replies
    The Daily Caller ^ | June 17, 2016 | Eric Owens, education editor
    In the wake of the long series of lean economic years since the onset of the Great Recession, America’s affluent millennials have taken to shopping for groceries, toiletries and even clothing at ultra-discount stores such as Dollar General and Family Dollar. It’s not just Pabst Blue Ribbon-drinking hipsters trying way too hard to be different, either. At Dollar General, members of the millennial generation — of all income brackets — accounted for nearly 25 percent of the company’s first quarter revenue in 2016, reports Reuters. Millennials, if you are not up on your demographic jargon, are the cohort of young...
  • Bank Of America Set To Fire 8,000 As Banker Layoffs Accelerate

    06/15/2016 11:02:03 AM PDT · by dennisw · 19 replies
    zerohedge ^ | Jun 15, 2016 | Tyler Durden
    A few months ago we pointed out that mass layoffs were coming for bankers due to declining revenues and more difficult market conditions, and now we're seeing the first major wave of that come to fruition. Bank of America has announced that it will fire as many as 8,000 employees within its consumer division the FT reports.The core reason given for the headcount reduction in this instance is that digital banking is picking up the pace, and has reduced the need for "back office staff" and bank tellers. This is a trend that BofA highlighted in its In its Q1...
  • Larry Kudlow: 'Overthrow the Establishment' to Fix the Economy

    06/10/2016 5:05:50 PM PDT · by Hojczyk · 39 replies
    Newsmax ^ | June 10,2016 | Larry Kudlow
    “Overthrow the establishment. Now's the time,” said the CNBC senior contributor who also hosts a syndicated radio-talk show. "Overthrow the establishment," urged Kudlow, who was a former economic adviser to President Ronald Reagan. “We need a different model. In other words, zero interest rates, or negative interest rates, and tons and tons of government spending for all these G-7 countries have not worked,” he said. “We have global stagnation, a virtual global recession. And we have virtually no inflation,” he said “Something's got to change here,” he said. He offered his own solution to right the sinking U.S. economic ship....
  • The Obama Economy Is Firing On One Cylider At Best

    06/08/2016 8:40:50 AM PDT · by Kaslin · 28 replies
    Townhall.com ^ | June 8, 2016 | Donald Lambro
    WASHINGTON -- In the eighth year of Barack Obama's presidency, the liberal national news media continue their shameful cover-up of his failed economic policies. The latest and most stunning example of the media's duplicitous shell game came last Friday, the day the Labor Department's Bureau of Labor Statistics (BLS) released its monthly jobs report. The Washington Post ran a front-page story, written the day before, under the headline "Job market, at long last, shows signs of resilience." The story's dubious lead said: "For the first time since the recession ended, America's job market has been firing on all cylinders: Workers...
  • Is the Fed Outright Buying Stocks/Futures to Prop Up the Markets?

    06/08/2016 9:21:25 AM PDT · by Lorianne · 56 replies
    Zero Hedge ^ | 07 June 2016 | Phoenix Capital
    “Someone” is getting desperate. Throughout the last week, anytime stocks have begun to correct or drop, “someone” has bought S&P 500 futures to prop the market up. Anyone who’s been involved with the markets for a while knows the difference between real buyers and manipulation. This is manipulation plain and simple. Look at all those “V” rallies. Three days in a row stocks opened DOWN and someone immediately stepped in and began buying aggressively. Another tell-tale sign of manipulation: the buying halts almost the moment stocks get to 2,100 on the S&P 500. At this point the manipulation ends. And...
  • For First Time in Modern Era, Living With Parents Edges Out Other Living Arrangements for 18-34y.o.

    05/31/2016 1:19:52 PM PDT · by TigerClaws · 68 replies
    Broad demographic shifts in marital status, educational attainment and employment have transformed the way young adults in the U.S. are living, and a new Pew Research Center analysis of census data highlights the implications of these changes for the most basic element of their lives – where they call home. In 2014, for the first time in more than 130 years, adults ages 18 to 34 were slightly more likely to be living in their parents’ home than they were to be living with a spouse or partner in their own household. 1 This turn of events is fueled primarily...
  • Obamacare has been good for the economy

    05/16/2016 9:57:27 AM PDT · by lowbridge · 44 replies
    AOL ^ | May 15, 2016 | Bob bryan
    The largest increase in consumer spending since gas prices have dropped, according to Markowska, has been on healthcare. "In nominal terms, household spending on healthcare averaged 3.9% between 2010 and 2013," wrote Markowska in a note to clients Thursday. "It began to accelerate in the first half of 2014 and has averaged at 5.2% since then. Importantly, this pickup in healthcare spending was not driven by higher costs; real spending in this category accelerated from 1.9% in 2010-2013 to 3.9% thereafter." This would indicate that Americans have been not only been spending more because of increased costs, but also intentionally...
  • Obama: By Almost Every Measure, America and World Are Better Than 8 Years Ago

    05/16/2016 8:22:11 AM PDT · by Zakeet · 89 replies
    CNS News ^ | May 15, 2016
    Delivering the commencement address at Rutgers University in New Jersey today, President Barack Obama told the graduates that "the good old days weren't that good" and that both America and the world are better than they were "even eight years ago." "When you hear someone longing for the good old days, take it with a grain of salt, take it with a grain of salt," Obama said in his address. "In fact," he said, "by almost every measure, America is better and the world is better than it was 50 years ago or 30 years ago or even eight years...