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Keyword: boycotts

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  • Robert Shiller: Recession Likely Years Away Due To Bullish Trump effect

    10/20/2019 4:56:40 PM PDT · by Kenny Bania · 13 replies
    CNBC ^ | October 20, 2019 | Stephanie Landsman
    Nobel-prize winning economist Robert Shiller believes a recession may be years away due to a bullish Trump effect in the market. According to the Yale University professor, President Donald Trump is creating an environment that’s conducive to strong consumer spending, and it’s a major force that should hold off a recession. Before the markets can take-off, Shiller stresses President Trump needs to get past the impeachment inquiry. He sees this as the biggest threat to his optimistic forecast. Yet, he’s sticking with the idea that the economy and markets should have a lot of runway left for gains if President...
  • Middle-Class Incomes Surging -- Thanks to Trump Policies

    10/17/2019 2:31:23 PM PDT · by Brown Deer · 20 replies
    The Heritage Foundation ^ | Oct. 10, 2019 | Stephen Moore
    Key Takeaways 1. Middle-class incomes, after adjusting for inflation, have surged by $5,003 since Donald Trump became president in January 2017. 2. These surges in income, have occurred at exactly the time when many liberal economists and media talking heads were shouting “recession.” 3. These latest income numbers also squarely contradict the claims by Democratic presidential candidates.
  • The Secret White House Memo:Inside Trump’s Plan to Destroy Unions

    10/16/2019 5:51:16 PM PDT · by mdittmar · 42 replies
    The American Federation of Government Employees (AFGE) ^ | October 15, 2019 | The American Federation of Government Employees (AFGE)
    This is the first segment of AFGE’s 5-part series: The Secret Memo : Inside Trump’s Plan to Destroy Unions.A leaked White House memo, as first reported by the New York Times and then obtained by POLITICO, outlines President Trump’s plans to destroy public and private-sector unions, get rid of worker protections, cripple workers’ ability to organize, and increase profits for corporate special interests.This explosive 19-page document was prepared in 2017 by Special Assistant to the President for Domestic Policy James Sherk, who was previously a research fellow at the regressive, anti-worker Heritage Foundation.The memo, laced with familiar half-truths and outright...
  • Trump says Chinese demand after 'greatest deal ever made' may overwhelm US farmers

    10/12/2019 10:32:07 AM PDT · by 2ndDivisionVet · 71 replies
    Fox Business News ^ | October 12, 2019 | Megan Henney
    President Trump lauded the partial trade agreement he struck with China this week, calling it the “greatest and best” deal in a tweet Saturday morning. As part of the deal -- which Trump and President Xi Jinping could sign as soon as next month -- China agreed to raise its agricultural purchases to between $40 billion and $50 billion from $8 billion to $16 billion and to make certain reforms on intellectual property and financial services. The U.S. will not raise tariffs on Oct. 15 from 25 percent to 30 percent. It’s still unclear whether Trump plans to halt another...
  • Free Trader Paul Krugman Admits Failure of Globalization for American Workers: ‘Major Mistake’

    10/14/2019 6:18:09 AM PDT · by Mr. Mojo · 67 replies
    Breitbart ^ | 13 Oct 2019 | JOHN BINDER
    Economist Paul Krugman, the longtime defender of global free trade and a member of the failed “Never Trump” movement, now admits that globalization has failed American workers. In a column for Bloomberg titled “What Economists (Including Me) Got Wrong About Globalization,” Krugman admits that the economic consensus for free trade that has prevailed for decades has failed to recognize how globalization has skyrocketed inequality for America’s working and middle class workers. Krugman, though, writes that he and his fellow free trade economists “had no way to know” that globalization of the American economy or a surge in trade deficits “were...
  • Who is Paying for the Trade War with China?

    10/09/2019 5:36:36 AM PDT · by BeauBo · 5 replies
    EconPol ^ | Nov 2018 | Benedikt Zoller-Rydzek and Gabriel Felbermayr
    The greatest share of the tariff burden falls not on American consumers or firms, but on Chinese exporters... a 25 percentage point increase in tariffs raises US consumer prices on all affected Chinese products by only 4.5% on average, while the producer price of Chinese firms declines by 20.5%. The US government has strategically levied import duties on goods with high import elasticities, which transfers a great share of the tariff burden on to Chinese exporters.
  • HOUSE REPUBLICAN: Tariffs are 'only way' to change US-China relationship

    TWEET SHARE MORE 10/1/2019 Rep. Tim Burchett (R-Tenn.) defended President Trump’s ongoing trade war with China, arguing that such a hardline approach is the only way to fundamentally change diplomatic relations with Beijing. “The president is correct — it’s the only way,” Burchett, a member of the House Foreign Affairs Committee, told Hill.TV during an interview that aired on Tuesday, referring to Trump’s tariffs on Chinese goods. “This diplomacy they’ve been doing in the past is basically us giving them our checkbook and Congress is basically gutless when it comes to China,” he added. “We need to stand up them...
  • Blue collar voters fear the Democrats have abandoned them

    10/05/2019 7:02:09 PM PDT · by Hojczyk · 52 replies
    New York Post ^ | October 5,2019 | Salena Zito
    This cohort leans Republican now more than ever; a Gallup poll this year shows they favor the GOP by a whopping 25 percentage points. It was as if the Democratic Party didn’t understand how much they needed labor. Oddly, it appears they still don’t. “The working-class voters in my county tend to wonder if the party still wants them,” says Mark Hackel, the Democratic chief executive of Macomb County, Mich., where voters favored Trump over Clinton by 11 percentage points. “They’re not really sure where they fit in.” Mike Mikus, a Democratic strategist who helped guide Pennsylvania Gov. Tom Wolf’s...
  • Unemployment Rate Falls to Lowest Level Since 1948, U.S. Adds 136K in September (Unexepectedly)

    10/04/2019 6:07:14 AM PDT · by abb · 37 replies
    Peoples Pundit Daily ^ | October 4, 2019 | Staff
    Black, Hispanic Unemployment Rates at All-Time Lows The U.S. unemployment rate in September fell to 3.5%, the lowest level since May 1948, and total nonfarm payrolls increased by 136,000. The unemployment rate for black (5.5%) and Hispanic (3.9%) workers are at record lows. Forecasters were expecting a low of 120,000 to a high of 179,000. The consensus forecast was 145,000. However, the U.S. economy added more than 40,000 jobs than the last two jobs reports indicated. The labor force participation rate held steady at a very positive 63.2%, beating the consensus forecast expecting a 0.1% decline. The employment-population ratio, though...
  • WTO rules in favor of US in Airbus dispute, paving way for tariffs.....(Winning!)

    10/03/2019 11:56:38 AM PDT · by caww · 5 replies
    Washington Exaniner ^ | 9/2/2019 | by Sean Higgins
    The World Trade Organization ruled in favor of the United States Wednesday in a long-running dispute with the European Union over subsidies to Airbus, paving the way for the U.S. to hit the EU with $7.5 billion in retaliatory tariffs........ The U.S. and EU have been fighting since 2004 over whether their respective aerospace industry policies toward Airbus and Boeing amount to unfair practices. The WTO's ruling said the EU subsidized Airbus by giving it preferential treatment on interest rates. "The Appellate Body upheld the Panel’s findings that Airbus paid a lower interest rate ... than would have been available...
  • Finnish president uses White House press conference to troll Donald Trump over trade and the...

    10/02/2019 2:58:40 PM PDT · by RummyChick · 27 replies
    dm ^ | 10/2/2019 | martosko
    President Sauli Niinistö of Finland played a passive-aggressive game with Donald Trump on Wednesday at the White House, peppering a joint press conference with jabs subtle enough to fly under his radar. Trump, preoccupied with spitting nails over House Democrats' latest impeachment development, hardly seemed to notice. Niinistö described his time browsing Washington's sprawling museums, noting the Smithsonian Institution's traditionalist American history collection and a ceremony he witnessed at Arlington National Cemetary. He also heaped praise on the National Museum of the American Indian and the still new-ish National Museum of African American History and Culture, spotlighting racial diversity and...
  • Dow loses nearly 500 points on fears that US economy is weakening

    10/02/2019 3:05:29 PM PDT · by Berlin_Freeper · 47 replies
    nypost.com ^ | October 2, 2019 | Kevin Dugan
    Stocks got slammed for the second day in a row on Wednesday after weak payroll numbers stoked fears that President Trump’s trade wars were slowing down the US economy. The Dow Jones Industrial Average dropped by nearly 600 points, to a low of 25,974.12, after data from ADP showed that private US employers had hired fewer workers than expected. The Dow ended the day down 494.42 points, or 1.9 percent, to 26,078.62. The report, a precursor to the Labor Department’s more comprehensive jobs report due Friday, followed dismal numbers on US manufacturing Tuesday that showed activity was at its lowest...
  • IRS: Sorry, but It’s Just Easier and Cheaper to Audit the Poor

    10/02/2019 1:31:15 PM PDT · by Red Badger · 59 replies
    www.propublica.org ^ | by Paul Kiel Oct. 2, 2:47 p.m. EDT
    Congress asked the IRS to report on why it audits the poor more than the affluent. Its response is that it doesn’t have enough money and people to audit the wealthy properly. So it’s not going to. ================================================================ he IRS audits the working poor at about the same rate as the wealthiest 1%. Now, in response to questions from a U.S. senator, the IRS has acknowledged that’s true but professes it can’t change anything unless it is given more money. ProPublica reported the disproportionate audit focus on lower-income families in April. Lawmakers confronted IRS Commissioner Charles Rettig about the emphasis,...
  • Query for Pelosi: Will Dems' impeachment frenzy crash markets, IRAs, pension funds?

    10/02/2019 12:32:20 PM PDT · by rintintin · 35 replies
    October 2, 2019 | rintintin
    Will people have to postpone - or cancel - retirement? Why is Pelosi not being asked this question?
  • Three Years On, China’s Yuan Still Can’t Touch the Dollar’s Reserve Currency Status

    10/02/2019 9:08:17 AM PDT · by SeekAndFind · 4 replies
    Fisher Investments ^ | 10/02/2019 | Fisher Investments Editorial Staff
    Three years ago today, the IMF added China’s yuan to the basket of currencies underpinning its Special Drawing Rights (SDR)—its proprietary reserve accounting unit and means of extending credit to countries in need. At the time, the IMF touted it as “an important milestone in the integration of the Chinese economy into the global financial system.” Many investors took a less benign view, seeing the IMF’s move as threatening to end the dollar’s status as the world’s leading reserve currency—sending interest rates spiking and rendering US debt unaffordable. That was always a false fear, in our view, as the...
  • ADP-Moody's: U.S. added 135,000 jobs in September [WINNING!]

    10/02/2019 9:22:44 AM PDT · by Red Badger · 9 replies
    UPI ^ | Oct. 2, 2019 / 10:17 AM | By Clyde Hughes
    Oct. 2 (UPI) -- Private-sector hiring increased by approximately 135,000 jobs in September, beating projections but indicating a slowing in growth, a report by ADP Research in collaboration with Moody's Analytics said Wednesday. Analysts said the number and three-month average is down from this point last year, suggesting that U.S. job expansion is losing steam. The report comes ahead of employment figures that will be released in the Employment Situation Summary by the Bureau of Labor Statistics on Friday. Economists interviewed by Dow Jones had anticipated 125,000 hires in September, but both numbers are down from the 157,000 hired in...
  • Brooks: Not Running for Senate

    04/19/2019 9:51:31 AM PDT · by MacNaughton · 29 replies
    Decatur Daily ^ | 4/19/2019 | Michael Wetzel
    Congressman Mo Brooks said Thursday in Decatur he doesn't plan to run for the U.S. Senate in 2020, the use of tariffs needs to be balanced and socialism is a failed system.
  • Dems Shouldn't Write Off Anyone, Warns New Book By Walter Frank

    09/26/2019 5:16:01 PM PDT · by 2ndDivisionVet · 24 replies
    Cision ^ | September 26, 2019
    In 2008, Barack Obama won 26% of the evangelical vote; in 2012, he won 21%. Hillary Clinton won 16%. If she had simply replicated Obama's performance among evangelicals, she would likely be President. In his new book, Do We Have a Center? 2016, 2020 and the Challenge of the Trump Presidency, Walter Frank, author of Law and the Gay Rights Story and Making Sense of the Constitution, warns that Democrats ignore the many lessons of the 2016 campaign at their peril. "The Democrats," Frank counsels, "are in grave trouble if they don't understand exactly what happened in 2016 and all...
  • China has already lost the trade war. Here's why

    09/23/2019 8:14:40 AM PDT · by SeekAndFind · 12 replies
    Fox News ^ | 09/23/2019 | Helen Raleigh
    China already lost in the trade war with the U.S. Although you will never hear Chinese authorities, especially President Xi Jinping, admit it as such, the evidence is everywhere and only becoming more compelling by the day. Reuters recently reported that based on the Chinese government's own data, China's economic slowdown has worsened in August, with "growth in industrial production is at its weakest in 17-1/2 years amid spreading pain from a trade war with the United States and softening domestic demand. Retail sales and investment gauges worsened too." Despite such poor readings, Premier Li Keqiang insists that China is...
  • 'Mindless growth': Robust scientific case for degrowth is stronger every day

    09/21/2019 2:13:35 AM PDT · by Libloather · 66 replies
    Irish Times ^ | 9/09/19 | Jason Hickel
    Once confined to the small scientific community of climate researchers and ecological economists, the idea of degrowth is now blazing into the mainstream. Not surprisingly, people are trying to figure out what to make of it. Is it an inspiring idea that points the way to a better economy? Or is it a mad notion that’s sure to plunge us all into poverty? Degrowth is a planned reduction of total energy and material use to bring the economy in line with planetary boundaries, while improving people’s lives by distributing income and resources more fairly. The scientific case for degrowth is...