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Keyword: economic

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  • Foreign companies around Tianjin blast suspend operations

    08/17/2015 9:18:47 AM PDT · by wtd · 6 replies
    NewsTimes ^ | 11:45 am, Monday, August 17, 2015 | ERIKA KINETZ
    Foreign companies around Tianjin blast suspend operationsSHANGHAI (AP) — Foreign companies have suspended operations around the Tianjin port as officials scramble to contain the toxic fallout of last week's deadly chemical explosions, which dealt a blow to northern China's emerging economic hub. Toyota said over half its China production capacity would be offline at least through Wednesday. The company has operations near the blast evacuation zone and said Monday that it had suspended three production lines, which can produce 530,000 vehicles a year. Thousands of Volkswagen, Toyota, Hyundai and Renault cars, mostly pricey imports, parked on lots near the...
  • China and Russia Lay Foundation for Massive Economic Cooperation

    07/11/2015 5:24:54 PM PDT · by Navy Patriot · 19 replies
    Foreign Policy (.com) ^ | July 10, 2015 | y Reid Standish
    In the past decade, Beijing and Moscow have been more competitors than partners. But that relationship may now be changing as Russian and Chinese leaders are considering combining their two countries’ regional economic projects — the Eurasian Economic Union and the Silk Road Economic Belt, respectively. While meeting at a two-day summit of the Shanghai Cooperation Organization in Ufa, Russia, Russian President Vladimir Putin and Chinese President Xi Jinping are reportedly discussing a framework that would merge China’s multi-billion dollar network of roads, railways, and pipelines through Central Asia with the Eurasian Union, the post-Soviet economic bloc that includes Armenia,...
  • How Much More Economic Pain Can Vladimir Putin Take?

    03/03/2015 12:52:13 AM PST · by elhombrelibre · 22 replies
    Yahoo ^ | 2 Feb 15 | Matthew Philips
    It’s been a little more than six months since the full brunt of Western sanctions took force against Russia. The punishment, while slow in coming, has proven devastatingly effective—especially when paired with the crash in oil prices.
  • Census workers manipulated economic data: new whistleblower

    10/22/2014 9:09:23 PM PDT · by Nachum · 8 replies
    New York Post ^ | 10/22/14 | John Crudel
    The city known as America’s story factory is making up Census data. In the latest allegation of The Post’s exclusive probe into fishy goings-on at the Census Bureau, a new whistleblower says workers in the Los Angeles region have been manipulating economic data. Contact information for the veteran Census worker — who reached out to me by e-mail recently and whom I interviewed by phone — has been turned over to congressional investigators who are looking into data falsification in other parts of the country. “Everybody knows falsification is going on,” the whistleblower told me, adding the malfeasance in the
  • Elizabeth Warren: Obama's economic team chose Wall Street over 'families'

    10/13/2014 11:01:04 AM PDT · by TangledUpInBlue · 34 replies
    CNN Money ^ | 10/13/14 | Melanie Hicken
    Senator Elizabeth Warren, always outspoken on the tension between Main Street and Wall Street, took shots Sunday at a system she said is "rigged" against the little guy. In an interview in Salon, Warren, who has said she doesn't plan to seek the 2016 presidential nomination, said fellow Democrats including President Obama have not done enough to help consumers. On President Obama: Warren praised Obama for the creation of the Consumer Financial Protection Bureau, a federal agency aimed at enforcing consumer protection laws. But she told Salon that "there has not been nearly enough change" in the wake of the...
  • US Slips to 12th in Economic Freedom

    10/13/2014 5:54:05 AM PDT · by Enlightened1 · 8 replies
    Breitbart ^ | 10/13/14 | Mike Flynn
    A new report of "economic freedom" around the world finds the US ranked 12th among 152 countries, tied with the United Kingdom, and lower than neighbor Canada or Australia. The index, published by the Cato Institute and Canada's Fraser Institute, has been published since 1996. As recently as 2000, the US ranked 2nd in the world, in terms of boasting a free economy. The US's declining ranking will lower future economic growth.
  • Obama: ‘It’s Pretty Hard To Find An Economic Measure Where We’re Not Significantly Better Off’

    07/24/2014 6:12:19 PM PDT · by Nachum · 88 replies
    Daily Caller ^ | 7/24/14 | y Brendan Bordelon
    President Obama put his rosy glasses on for an interview with CNBC on Thursday, claiming “It’s pretty hard to find an economic measure where we’re not significantly better off.” Obama spoke with CNBC’s Steve Liesman about the economic policies pushed by the White House and what the federal government expects going forward. “What can you tell average Americans about the outlook of the economy?” Liesman asked, noting that even Obama’s own former economic advisor Larry Summers is forecasting lower growth over the next few years. Obama dismissed that notion. “If you think about where we were, Steve, when I came
  • Obama Talks Up Rosy Jobs Numbers and ‘Economic Patriotism’

    07/03/2014 1:20:47 PM PDT · by Nachum · 34 replies
    ABC News ^ | 7/3/14 | Jon Garcia
    President Obama made an unscheduled trip to a D.C.-based tech start-up to cheer about the rosy jobs numbers released this morning and promote his economic strategy. “We have made enormous strides, thanks to the incredible hard work of the American people and American businesses that have been out there competing, getting smarter, getting more effective. And it’s making a difference all across the country,” Obama told workers at “1776,” which the White House describes as a “global hub” to help start-up companies. The government reported today that 288,000 jobs were created last month and that the unemployment rate dropped to...
  • NYC Announces Plan to Equalize Neighborhoods

    05/27/2014 10:17:58 AM PDT · by John Semmens · 13 replies
    Semi-News/Semi-Satire ^ | 23 May 2014 | John Semmens
    Concerned that the City is an inhomogeneous hodgepodge with pockets of great wealth in some neighborhoods and squalor in others, newly appointed Housing Preservation and Development Commissar Vicki Been announced a plan to move 80,000 to 120,000 poorer families into middle class neighborhoods. “This way instead of having blight and filth in every direction they might look poorer families will be within easy walking distance of a better kept neighborhood,” Been boasted. “The crimes that plague poorer sections of our City would be more evenly dispersed throughout the whole City. Victims will come from a more broadly representative subset of...
  • Echoes Of 1937 In The Current Economic Cycle

    05/22/2014 3:47:35 PM PDT · by Nachum · 9 replies
    zero hedge ^ | 5/22/14 | tyler durden
    Submitted by Brendan Brown via the Ludwig von Mises Institute, It is not too early to ask how the present US business cycle expansion, already more than five years old, will end. The history of the last great US monetary experiment in “quantitative easing” (QE) from 1934-7 suggests that the end could be violent. Autumn 1937 featured one of the largest New York stock market crashes ever accompanied by the descent of the US economy into the notorious Roosevelt Recession. Should we take comfort from the fact that Friedman and Schwartz, in their epic monetary history, claim to have discovered...
  • Foreigners Sell A Record Amount, Over $100 Billion, Of Treasurys Held By The Fed In Past Week

    03/14/2014 7:20:53 AM PDT · by Errant · 26 replies
    Zero Hedge ^ | 14 March 2014 | Tyler Durden
    A month ago we reported that according to much delayed TIC data, China had just dumped the second-largest amount of US Treasurys in history. The problem, of course, with this data is that it is stale and very backward looking. For a much better, and up to date, indicator of what foreigners are doing with US Treasurys in near real time, the bond watchers keep track of a less known data series, called "Treasury Securities Held in Custody for Foreign Official and International Accounts" which as the name implies shows what foreigners are doing with their Treasury securities held...
  • Are Americans Going Galt?

    01/12/2014 9:39:30 PM PST · by Lorianne · 45 replies
    Independent Women's Forum (IWF) ^ | 12 Janaury 2014 | Charlotte Hays
    Ninety-two million Americans are not in the work force—they don’t have jobs and they aren’t looking for jobs. These 92 million Americans aren’t just out of work—they are resigned to being out of work as a way of life. The ballooning numbers of Americans who are resigned to long-term joblessness inspired Roger L. Simon to suggest in a bleakly humorous piece over at PJ Media that Americans are going Galt: Tell all your “Objectivist” friends and the libertarian gang at Reason magazine to break out the champagne. Americans may have skipped the movie of Atlas Shrugged, nor have many read...
  • Jobless Claims - The Economic Miracle That Wasn't

    12/29/2013 5:32:29 PM PST · by Nachum · 10 replies
    zero hedge ^ | 12/29/13 | tyler durden
    The noise in the jobless claims data over the past few months has been unprecedented and yet the impressive jump lower in recent weeks has been trumpeted as the all-clear for Tapering and as a signal that the recovery is 'real' this time. Except, thanks to a huge 'glitch' in Florida's new CONNECT unemployment claims website, the data is completely FUBAR... Via The Miami Herald, The story so far... Florida’s ongoing claims for unemployment benefits plummeted to the lowest level in six years from mid-October to early December. The average of 20,000 fewer weekly claims from the prior nine weeks...
  • Tavis Smiley: 'Black People Will Have Lost Ground in Every Single Economic Indicator' Under Obama

    10/11/2013 6:24:02 PM PDT · by Hotlanta Mike · 42 replies
    Newsbusters ^ | October 11, 2013 | Noel Sheppard
    PBS's Tavis Smiley made a comment Thursday that every African-American as well as liberal media member should sit up and take notice. Appearing on Fox News's Hannity, Smiley said, "The data is going to indicate sadly that when the Obama administration is over, black people will have lost ground in every single leading economic indicator category" (video follows with transcript and commentary):
  • Obama campaign manager: House Republicans 'committing economic treason'

    10/10/2013 10:26:58 AM PDT · by Nachum · 55 replies
    Daily Caller ^ | 10/10/13 | Alex Pappas
    President Barack Obama’s former senior White House adviser and campaign manager David Plouffe accused House Republicans of “committing economic treason” during the partial government shutdown on Thursday. In a snarky tweet about Republicans’ attempts to negotiate an end to the government shutdown, Plouffe dredged up the “birther” issue in order to discredit the GOP: David Plouffe @davidplouffe Maybe throw in a Special Counsel to investigate the President's birthplace and the House GOP will stop committing economic treason. 8:56 AM - 10 Oct 2013
  • Pentagon Cover-Up: ‘For The Record’ Reveals the Buried Details on Economic Terror Tactics Used

    09/19/2013 6:46:10 AM PDT · by sheikdetailfeather · 18 replies
    The Blaze ^ | 9/18/2013 | Sara Carter
    China, Russia and even Al Qaeda, among others, all have one thing in common: They believe that unconventional warfare against America’s economy is the best way to destroy our nation without actually ever having to fire a shot. And our enemies almost made it happen in 2008. Getty Images On Thursday night’s episode of TheBlaze TV’s “For The Record,” “Unrestricted Warfare” (8:30 p.m. ET), former senior U.S. officials disclose what the Pentagon and Washington establishment had been hoping to bury — that the near economic collapse of the United States in 2008 was not due to widespread failures in government...
  • Obama says Republicans blocking his efforts to fight economic inequality

    09/15/2013 11:32:15 AM PDT · by Nachum · 67 replies
    The Hill ^ | 9/15/13 | Mike Lillis
    The president has powers to fight income inequality, President Obama argued in an interview broadcast Sunday, adding that Republicans in Congress have hobbled his efforts to do it. Appearing on ABC´s "This Week" program, Obama acknowledged that the wealthiest Americans have benefited disproportionately from the economic recovery of recent years. But he was quick to add that much of that trend is due to globalization, technology and, not least, the GOP´s opposition to his economic agenda – all factors he suggested are beyond his control. "I think the president can stop it," Obama said, when asked about the growing income
  • 90,473,000: Record Number Not in Labor Force—Up Almost 10M Under Obama

    09/07/2013 7:22:51 PM PDT · by Olog-hai · 11 replies
    Cybercast News Service ^ | September 6, 2013 - 9:42 AM | Terence P. Jeffrey
    The number of Americans who are 16 years or older and who have decided not to participate in the nation’s labor force has pushed past 90,000,000 for the first time, according to data released today by the Bureau of Labor Statistics. The BLS counts a person as participating in the labor force if they are 16 years or older and either have a job or have actively sought a job in the last four weeks. A person is not participating in the labor force if they are 16 or older and have not sought a job in the last four...
  • Top Ten Secret Obama Economic Proposals

    07/29/2013 10:08:57 AM PDT · by Nachum · 6 replies
    White House Dossier ^ | 7/29/13 | Keith Koffler
    President Obama is being criticized for failing to offer any new economic proposals as part of his recent series of speeches on the economy. But in fact, Obama has dozens of new ideas waiting in the wings. He just hasn’t announced them yet. Meeting with a secret source in the basement of a garage in Rossyln, Virginia – just outside of Washington – White House Dossier was told, follow the money. Trying that and finding out nothing, White House Dossier called second source who turned over the information in exchange for a liter of Southern Comfort and some amusing imitations...
  • Pelosi Rolls Out Economic Agenda For Women

    07/23/2013 11:16:27 AM PDT · by Biggirl · 20 replies
    McClatchydc.com ^ | July 23, 2013l | Lisa Mascaro
    WASHINGTON — At a summer lunch with reporters in her Capitol conference room, Rep. Nancy Pelosi rolled out an ambitious economic agenda for women with next year's congressional elections in mind.