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Keyword: economy

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  • Black Friday sales fall 10% from last year

    11/30/2015 1:32:04 PM PST · by Lorianne · 23 replies
    Guardian UK ^ | 28 November 2015
    Total sales in the US on Black Friday fell 10% to $10.4bn this year, down from $11.6bn in 2014, according to research firm ShopperTrak. The decline in sales on the traditional busiest shopping day of the year has been blamed on shops opening the day before. But this year, sales on Thanksgiving also dropped, and by the same percentage, to $1.8bn. A big reason for the decline is increased online shopping, as Americans hunt down deals on their smartphones, tablets and computers. Many retailers are also offering bargains long before Thanksgiving, limiting the impact of Black Friday specials.
  • China’s Renminbi Is Approved by I.M.F. as a Main World Currency [Video behind link.]

    11/30/2015 12:48:55 PM PST · by familyop · 10 replies
    New York Times ^ | NOV. 30, 2015 | KEITH BRADSHER
    HONG KONG--The International Monetary Fund on Monday designated the Chinese renminbi as one of the world's elite currencies, a major milestone that underscores the country's rising financial and economic heft. The decision will help pave the way for broader use of the renminbi in trade and finance, securing China's standing as a global economic power. Just four other currencies--the dollar, the euro, the pound and the yen--have the I.M.F. designation...Many central banks follow this benchmark in building their reserves, which countries hold to help protect their economies in times of trouble. By adding the renminbi to this group, the I.M.F....
  • Obama Regulators Inflate Consumers' Bank Complaints

    11/30/2015 3:31:03 AM PST · by expat_panama · 5 replies
    Investors Business Daily ^ | 11/27/2015 | Editorial
    Regulation: A consumer complaint portal launched earlier this year by the Obama regime to solicit anonymous, unverified gripes against banks is riddled with errors and practically unreliable. We warned as much. Consumer Financial Protection Bureau documents reveal the out-of-control agency is larding a first-of-its-kind national Consumer Complaint Database with bogus accusations against financial lenders. Over 1 in 4 of the publicly posted complaints are incorrect, according to an in-depth report by American Banker magazine. "More than 25% of the time, it turned out that the data we were looking at didn't really pan out, or it was just incorrect in...
  • Trump's Dynamic Tax Policy

    11/29/2015 12:29:45 PM PST · by NaturalBornConservative · 10 replies
    Natural Born Conservative ^ | November 27, 2015 | Larry Walker II
    Lower Rates Across The Board:: By: Larry Walker, II ::Here's an excerpt from Donald Trump's Tax Plan which may be found on his official website www.donaldjtrump.com : TAX REFORM THAT WILL MAKE AMERICA GREAT AGAINThe Goals of Donald J. Trump's Tax PlanToo few Americans are working, too many jobs have been shipped overseas, and too many middle class families cannot make ends meet. This tax plan directly meets these challenges with four simple goals: Tax relief for middle class Americans: In order to achieve the American dream, let people keep more money in their pockets and increase after-tax wages. Simplify...
  • Anyone know a good conservative business/finance website?

    11/29/2015 10:00:13 AM PST · by con-surf-ative · 31 replies
    Looking for substantive business and financial content.
  • Fourth Turning - Social & Cultural Distress Dividing The Nation (20% of households on food stamps)

    11/29/2015 9:58:32 AM PST · by GilGil · 31 replies
    ZeroHedge ^ | 11/28/2015 | Tyler Durden
    There is nothing more volatile to societal stability than millions of unemployed men, growing angry and resentful towards the ruling class for their lot in life. A simmering rage is bubbling below the surface as 20% of American households rely on food stamps to survive, the percentage of Americans in the labor force stands at a four decade low... The rise of Donald Trump and Ben Carson in the early polls for Republican presidential candidate is being fueled by a rising anger and discontent with the corporate media promoting offensive social agendas, the flaunting of the Constitution by a president...
  • The End of Academic Elites [as Internet changes accelerate]

    11/28/2015 12:50:12 AM PST · by Cincinatus' Wife · 38 replies
    The American Thinker ^ | November 28, 2015 | Mike Konrad
    Unlike the revolution started by the printing press which soon stabilized, internet changes are not merely drastic but continually accelerating.The internet has changed everything, so much so that even I, a man who has been online for 19 years, am constantly amazed at the pace of accelerated change. The printing press changed the world in a few decades in the 16th century. The internet is even more revolutionary. Even more so than the press, the internet has evaporated prior means of didactic instruction. The printing press created change, but only the rich could afford to buy one. For less than...
  • The Democrats’ Death Wish: The Disappearing Destiny of the Donkey Party

    11/27/2015 11:44:36 PM PST · by Cincinatus' Wife · 57 replies
    Breitbart ^ | November 27, 2015 | Virgil
    ...........Yes, everything is different, now, for elite Democrats. As we have seen, they are inspired by the EU. And as we have also seen, they no longer worry about worker's wages-and that only makes sense, because the two big magnetic poles of the new Democratic coalition, Al Sharpton and George Soros, are both oblivious to wages. Why? Because Sharpton's core constituents aren't in the workforce; they make their living through welfare, not work. And as for Soros and his fellow billionaires, they couldn't be bothered to think about anything as microscopic as a mere wage. Meanwhile, Democratic politicos believe that...
  • Chinese shares plunge 5.5% as authorities probe brokers over violations

    11/27/2015 7:16:45 AM PST · by TigerLikesRooster · 8 replies
    Market Watch ^ | Nov 27, 2015 | Chao Deng
    Chinese shares plunge 5.5% as authorities probe brokers over violations By Chao Deng Published: Nov 27, 2015 3:25 a.m. ET Chinese authorities’ investigations into two major Chinese brokerages over suspected violations drove shares in Shanghai sharply lower Friday. The Shanghai Composite Index SHCOMP, -5.48% fell 5.5% to 3,436.30, the largest daily percentage loss since Aug. 18. The losses wiped out most of Shanghai’s gains this month and the index remains down 38% from a June peak. The benchmark is still up 1.6% month-to-date, and up 14% from its August low. Hong Kong’s Hang Seng HSI, -1.87% shed 1.6%, putting it...
  • The False Promise of a Rules-Based Fed [--AND THE GOLD STANDARD]

    11/27/2015 4:46:29 AM PST · by expat_panama · 12 replies
    Wall Street Journal ^ | Nov 25, 2015 | Greg Ip
    Last week the House of Representatives passed a bill that would bring about the most sweeping changes to the Federal Reserve since the 1930s. At the heart of the bill is a requirement that the Fed set interest rates according to a quantitative rule. Like advocates of the gold standard, proponents of the bill blame many of the economy’s ills on the Fed exercising too much discretion... [snip] Legislating a rule doesn’t do away with discretion, but makes it more likely discretion will be exercised only after the rule has failed, perhaps at great economic cost. [snip] In a dynamic...

    11/25/2015 5:32:12 AM PST · by expat_panama · 19 replies
    Bureau of Economic Analysis ^ | November 25, 2015 | Staff
    PERSONAL INCOME AND OUTLAYS, OCTOBER 2015 Personal income increased $68.1 billion, or 0.4 percent, and disposable personal income (DPI) increased $56.8 billion, or 0.4 percent, in October, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $15.2 billion, or 0.1 percent. In September, personal income increased $27.4 billion, or 0.2 percent, DPI increased $27.0 billion, or 0.2 percent, and PCE increased $9.5 billion, or 0.1 percent, based on revised estimates. Real DPI increased 0.4 percent in October, compared with an increase of 0.3 percent in September. Real PCE increased 0.1 percent in October, the same increase as...
  • A shocking number of Americans don't have a toilet

    11/24/2015 2:37:43 PM PST · by Angels27 · 90 replies
    The Week ^ | 11/24/15 | Brian Patrick Byrne
    Did you celebrate World Toilet Day? The recent holiday is a good reminder to rejoice as you read this article on your phone, maybe even while sitting comfortably on a modern, porcelain toilet, which flushes with water so crystalline clean you could, in hard times, drink it without too much fear of dying. (We do not recommend doing that, by the way.) Going to the toilet wasn't always such a pleasant, risk-free experience for everyone, and even today, many people in America still go without proper sanitation. As recently as 1990, the rural stereotype of dropping trou in a shack...
  • Daily Kos Writer: Republican Response to Paris Attacks 'More Tragic' Than Attacks Themselves

    11/24/2015 11:32:34 AM PST · by Kaslin · 26 replies
    NewsBusters.org ^ | November 24, 2015 | Tom Johnson
    Liberals sometimes say that law enforcement’s approach to the Mafia offers a model for how to deal with jihadists, even though the latter tend not to limit their demands to protection money. This past Sunday, Egberto Willies of Daily Kos claimed that if terrorist attacks were “treated as they should be, like organized crime, it would neuter ISIS. After all…the group is no more powerful than a large band of thugs with weapons.” But crimefighting methods weren’t the main concern of Willies’s piece. Rather, it was his belief that “neocons” wish to exploit fear of terrorism in order to start a war which...
  • Young 'to be poorer than parents at every stage of life'

    11/24/2015 11:31:55 AM PST · by 2ndDivisionVet · 20 replies
    BBC ^ | November 19, 2015
    Young people are on track to be poorer than their parents at every stage of their lives, according to a new report. The study, by the Institute for Fiscal Studies (IFS), added that households actually grew richer during the financial crisis. But it said that the reason for the growth between 2006-12 was the increase in pension values over the period. And the slow rate of growth in overall wealth suggested that young people would lag behind earlier generations....
  • Consumer confidence falls to lowest level in 14 months

    11/24/2015 8:40:47 AM PST · by repentant_pundit · 11 replies
    MarketWatch ^ | Nov 24, 2015 | Jeffry Bartash
    Consumers confidence fell in November to the lowest level in more than a year, a survey shows. The consumer confidence index dropped to 90.4 from a revised 99.1 in October, the Conference Board said Tuesday. That's the lowest level since September 2014. Economists polled by MarketWatch had expected the index to rise to 100. The present situation index, a measure of current conditions, dropped to 108.1 from 114.6. .... "The decline was mainly due to a less favorable view of the job market," said Lynn Franco, director of economic indicators at board. The number of people who said jobs were...
  • From Inversions To Perversions: Gov’t Reacts To The Pfizer Deal

    11/24/2015 4:36:57 AM PST · by expat_panama · 19 replies
    Investors Business Daily ^ | 11/230/2015 | Editorial
    Tax Policy: The Pfizer-Allergan deal that will let the U.S. drug giant cut costs by renouncing its citizenship cries out for reform of an outmoded business tax system. Instead, our crackerjack regulators are pouncing into action. The Treasury Department has announced it will create new legal restrictions on the ability of U.S. companies to merge with foreign firms in a tax-saving process called "inversion." In this case, $48-billion-in sales Pfizer, now headquartered in New York City, will merge with $15-billion-in sales Allergan and move certain operations and jobs to Ireland. But the administration wants to build a de facto regulatory...
  • GOP Isn’t Grasping Obvious: It’s Still The Economy, Stupid

    11/24/2015 4:29:10 AM PST · by expat_panama · 10 replies
    Investors Business Daily ^ | 11/23/2015 | J.T. YOUNG
    If the 2016 election is not determined by the economy, Republicans will lose. And as things look right now, they might even lose if it is about the economy. The reason for both conclusions is simple: Barack Obama has given Republicans the best chance for victory any president could — a weak economy — but so far they've been unable to seize it. As measured by growth, Obama's economic record is the worst of any president since Herbert Hoover. Real GDP came in at 1.5% in the third quarter, leaving average growth year-to-date at just 2%. If 2015 finished there,...
  • Tim Hortons just abruptly shuttered more than 20 locations in the US

    11/23/2015 8:44:19 AM PST · by SeekAndFind · 38 replies
    Business Insider ^ | 11/23/2015 | Kate Taylor
    As Tim Hortons attempts to expand in the US, it is facing the harsh reality that Americans might not be as committed to the coffee chain as cultish Canadian customers. On Wednesday and Thursday, more than 20 Tim Hortons locations abruptly closed in Maine, New York City, and upstate New York. Local news stations reported that employees didn't receive much advance notice, with a one employee telling Syracuse.com that the company showed “no respect” for employees, with the surprise layoffs on the cusp of the holiday season. Employees were further infuriated because they reported that many of the closed locations...
  • Dr Copper, The Economy and The Stock Market No Longer in Sync

    11/23/2015 11:05:58 AM PST · by blam · 12 replies
    Market Oracle ^ | 11-23-2015 | Sol_Palha
    Sol_Palha November 23,2015 Doctor copper, can no longer be viewed as a leading indicator, in fact, a name change might be in order. A change of name from Dr Copper to deadbeat copper might in order, given its dismal record over the years. After the financial crisis of 2008-2009, the economy, the stock markets and copper parted ways; while the markets and the economy trended higher, copper plunged into an abyss, and it is still trying to find its footing. All Jokes aside, the reason copper is diverging from the markets is because the Feds destroyed the concept of a...
  • ECONOMIST: 'Jobs market is literally on fire in most states in the union'

    11/23/2015 8:46:37 AM PST · by SeekAndFind · 43 replies
    Business Insider ^ | 11/23/2015 | Andy Kiersz
    The US Bureau of Labor Statistics just released its monthly estimates of unemployment rates in all 50 US states and the District of Columbia, and things are looking pretty good. The bureau noted that unemployment rates fell in 32 states and Washington, DC, went up in just three states, and stayed the same as September in 15 states. Unemployment in every state and DC was below 7%, indicating increasingly healthy labor markets across the nation. The Bank of Tokyo-Mitsubishi's chief financial economist, Chris Rupkey, circulated an email after the report with the title "Jobs market is literally on fire in...
  • New Law Would Force Fed To Do Its Job, So Why Does Fed Oppose It?

    11/23/2015 3:26:23 AM PST · by expat_panama · 28 replies
    Investors Business Daily ^ | 11/20/2015 | Editorial
    Monetary Policy: Congress is taking up a bill that would increase scrutiny of the Federal Reserve and better define its job. After years of badly executed and at times damaging central bank policy, it's about time. We share the misgivings of those who fear Congress micromanaging the economy through the Fed. In particular, Democrats seem prone to using the Fed as a giant piggy bank — such as the current foolish proposal to use Fed dividends to fund Congress' pet pork-barrel... [snip] So, yes, the ability of the Fed to do its job without daily political interference is important. But...
  • The Long, Cold Winter Ahead (Zero Hedge)

    11/22/2015 8:17:22 AM PST · by citizen · 28 replies
    Zero Hedge ^ | 11/22/2015 | Tyler Durden
    If you recall, the popular storyline since late last year has been that the U.S. economy is moderately improving while the world’s other major economies – Japan, China, and Europe – are rolling over. The U.S. economy would power through. Moreover, stock prices had achieved a permanently high plateau.
  • A Major Milestone for President Obama’s Climate Agenda by Valerie Jarrett

    11/21/2015 2:02:28 PM PST · by lbryce · 30 replies
    US State Dept ^ | November 220, 2015 | Valerie Jarrett
    Summary: Over 100 cities have pledged to create bold climate action plans as President Obama & Secretary Kerry travel to Paris to negotiate an international climate agreement. In August, as part of an ambitious plan to expand renewable energy to households across America, President Obama called on all U.S. mayors to publicly commit to a local climate action plan. The President set a goal of at least 100 U.S. cities signing the Compact of Mayors prior to the Paris UN climate change meeting (“COP”). Today, that goal has not only been met, but surpassed. Why are U.S. cities so important...
  • Cabela's hires 'defender' against activist investors as it reportedly considers selling itself

    11/21/2015 1:34:28 AM PST · by RC one · 29 replies
    Omaha.com ^ | November 20, 2015 | Paige Yowell
    Cabela’s has hired a communications firm that advertises itself as a “defender” of companies against activist investors as the retailer could be looking to put itself up for sale. "No one has defended more companies against the big-name activist shareholders," the firm, Joele Frank, says on its websiteCabela’s hasn’t commented publicly on the activist’s stake, but the hiring of Joele Frank suggests the Sidney-based company isn’t rolling over in the face of the big shareholder agitating for change. Cabela’s is under pressure to make big changes after the New York-based activist investor announced earlier this month a big stake in...
  • The Baltic Dry Shipping Index Just Collapsed To An All-Time Record Low [Ominous for Global Trade]

    11/20/2015 9:07:55 AM PST · by SeekAndFind · 20 replies
    TEC ^ | 11/20/2015 | Michael Snyder
    I was absolutely stunned to learn that the Baltic Dry Shipping Index had plummeted to a new all-time record low of 504 at one point on Thursday. I have written a number of articles lately about the dramatic slowdown in global trade, but I didn’t realize that things had gotten quite this bad already. Not even during the darkest moments of the last financial crisis did the Baltic Dry Shipping Index drop this low. Something doesn’t seem to be adding up, because the mainstream media keeps telling us that the global economy is doing just fine. In fact, the Federal...
  • Why some economists say 2016 will be America’s best year in a decade

    11/20/2015 6:39:16 AM PST · by SeekAndFind · 12 replies
    Washington Post ^ | 11/20/2015 | Jim Tankersley
    Gloom and doom is back in fashion for the American economy. A growing number of economists predict it is heading for another recession sometime soon, and only 1 in 5 Americans believes it's getting better, Bloomberg reports. The Commerce Department estimates the economy grew a disappointing 1.5 percent in the third quarter. To which economists at the University of Michigan say: Cheer up! Forecasters at Michigan's Research Center in Quantitative Economics said on Thursday that they expect real gross domestic product to grow 2.6 percent next year and 2.9 percent in 2017. That wouldn't be white-hot growth by any means,...
  • Global Joblessness: The Real Number [32% per Gallup World Poll]

    11/20/2015 5:22:52 AM PST · by expat_panama · 13 replies
    GALLUP ^ | November 19, 2015 | Jon Clifton
    The most quoted jobs metric in the world is misleading Many of the truly unemployed are considered self-employed About 3 billion people who want a great job don't have one What the whole world wants is a good job. That was the breakthrough finding from Gallup's first global survey 10 years ago, and it continues to be true. However, there is a problem with how the world defines and measures what a good job is... [snip] How Global Agencies Define Work Here is the heart of the problem... [snip] Global_employment Let's consider a real job or a good job --...
  • If The Economy Is Fine, Why Are So Many Hedge Funds, Energy Companies And Large Retailers Imploding?

    11/19/2015 8:55:56 AM PST · by SeekAndFind · 12 replies
    TEC ^ | 11/19/2015 | Michael Snyder
    If The Economy Is Fine, Why Are So Many Hedge Funds, Energy Companies And Large Retailers Imploding? By Michael Snyder, on November 18th, 2015 If the U.S. economy really is in “great shape”, then why do all of the numbers keep telling us that we are in a recession? The manufacturing numbers say that we are in a recession, the trade numbers say that we are in a recession, and as you will see below the retail numbers say that we are in a recession. But just like in 2008, the Federal Reserve and our top politicians will continue...
  • Chart That Could Decide the 2016 Election And it doesn’t look great for Democrats.

    11/19/2015 4:32:25 AM PST · by expat_panama · 34 replies
    New Republic ^ | November 18, 2015 | David Dayen
    At first glance, the economy appears to be in a decent position to chug along or even improve—and bode well for the Democrats in 2016. But that first look may be deceiving. To the extent that real-world events... [snip] Fortunately for Democrats, the Federal Reserve predicts 2016 growth at 2.4 percent, in line with other economists’ projections. Unemployment has fallen to the lowest rate in seven years. With threats of a debt-limit default or government shutdown (mostly) contained, self-inflicted wounds from Washington are unlikely. At first glance, the economy appears to be in a decent position to chug along...
  • Obama administration plans new rules to stop companies from leaving

    11/18/2015 4:33:33 PM PST · by markomalley · 54 replies
    Washington Examiner ^ | 11/18/15 | Joseph Lawler
    Treasury Secretary Jack Lew told members of Congress Wednesday that he will announce a new administrative effort this week to stop corporate inversions, as attempts at legislation to stop companies from moving their headquarters out of the U.S. have failed. Lew said in a letter to lawmakers that he would issue "additional targeted guidance to deter and reduce further the economic benefits of corporate inversions." Lew first took action to undercut the tax benefits of inversions in September 2014, announcing several specific rules meant to prevent companies from moving their headquarters abroad for tax purposes and limiting the tax breaks...
  • McDonald's unveils 'McPick 2,' to replace Dollar Menu

    11/18/2015 4:24:03 AM PST · by 2ndDivisionVet · 21 replies
    Fox News ^ | November 17, 2015 | The Associated Press
    It's the Dollar Menu, take two. McDonald's hopes it has a catchy, new deal that will be as hugely popular as its Dollar Menu. Starting Jan. 4, the fast-food chain will launch the "McPick 2" menu, which will let customers pick two of the following items for $2: a McDouble, a McChicken, small fries and mozzarella sticks. The offering has gained the necessary votes from franchisees to make it onto the national menu, and will be available in U.S. restaurants for a five-week run starting Jan. 4. After that, McDonald's said it may change the details of the offering, but...
  • Momentum For A Tax Overhaul Is Growing Day By Day

    11/18/2015 3:52:22 AM PST · by expat_panama · 19 replies
    Investors Business Daily ^ | 11/17/2015 | LEW UHLER AND PETER FERRARA
    Our tax-cutting cup runneth over. Not since adoption of the Federal Personal Income Tax (16th Amendment) over 100 years ago has so much attention been given to the adverse effects of high-rate income taxes on economic growth, personal wealth creation, and wage and job levels. Thank you, national Republican debates and presidential hopefuls. Also weighing in are investment business leaders like Carl Icahn regarding the disastrous effects of U.S. tax laws on American businesses. U.S. corporations are fleeing the highest corporate tax rate among industrialized nations (about 40%, including state corporation taxes) through inversions — buying a controlling interest in...
  • How Jeff Sessions Has Shaped the 2016 Race

    11/18/2015 2:10:36 AM PST · by Cincinatus' Wife · 10 replies
    National Review ^ | November 18, 2015 | Eliana Johnson
    When Ted Cruz argued in the most recent Republican debate that the ongoing flow of immigrants into the country will "drive down the wages" of millions of Americans, it was a departure for him. Cruz has long supported higher levels of legal immigration. When he cited concerns over wages and subsequently backtracked on increasing the levels of guest workers and legal immigrants, many saw a new policy intended to appeal to Republican grass roots, but also the influence of the Senate's foremost immigration hawk. The controversial argument that immigrants, both legal and illegal, are depressing the wages of the lower...
  • The Black Lives Matter Movement Is About To Jump Into The 2016 Marijuana Battle

    11/17/2015 8:44:07 PM PST · by 2ndDivisionVet · 20 replies
    Buzz Feed News ^ | November 17, 2015 | Darren Sands
    Marijuana legalization advocates want the support of Black Lives Matter activists in 2016. But a debate on tactics is brewing legalization groups and Black Lives Matter activists who worry people of color are being left out of the burgeoning legal marijuana industry. WASHINGTON — Leading up to his meeting with the Black Lives Matter group Campaign Zero at the Frederick Douglass House in September, Democratic presidential candidate Bernie Sanders steeled himself for an argument. He’d only previously come face-to-face with Black Lives Matter protesters who wanted to interrupt him. But over the course of the meeting, the activists spoke authoritatively...
  • Trump Rides a Blue-Collar Wave: Fifty-five percent of his supporters are white working-class.

    11/17/2015 6:54:55 PM PST · by BlackFemaleArmyCaptain · 78 replies
    The Wall Street Journal ^ | 11/17/2015 | WILLIAM A. GALSTON
    The biggest surprise of the presidential election so far is the emergence and persistent strength of Donald Trump. Although Ben Carson is remarkable in many respects, he is the latest iteration of a familiar figure in Republican primary campaigns: the favored candidate of conservative evangelicals. By contrast, Mr. Trump is the staunchest champion of the white working class that American politics has seen in decades. Thanks to a recently released survey, a collaboration between the Public Religion Research Institute (PRRI) and the Brookings Institution, we can now identify with much greater precision the sources of Mr. Trump's support and the...
  • Everyone On Wall Street Is Talking About This Dark New China Report

    11/17/2015 2:21:20 PM PST · by blam · 12 replies
    BI ^ | Linette Lopez
    Linette LopezNovember 17, 2015A new report by The Demand Institute — a collaboration between Nielsen and The Conference Board — has a dark prognostication for China. And it has got all the China watchers on Wall Street talking. "Many analysts once forecast a soft landing for the economy after more than 35 years of breakneck growth, but that landing point is still not in sight," the report said. It continued: "While we believe the government will pull enough policy levers to prevent full-blown economic crisis, the danger remains that China is facing a protracted period of declining growth." The report...
  • Why Are Global Policymakers So Clueless About Growth?

    11/17/2015 5:44:38 AM PST · by expat_panama · 14 replies
    Investors Business Daily ^ | 11/16/2015 | Editorial
    Economics: Japan is back in recession, the EU is again slumping, once fast-growing nations such as China and Brazil are slowing dramatically, and the U.S. "recovery" looks pretty threadbare. Why are our policymakers so clueless? The second recession in three years for Prime Minister Shinzo Abe is bad news not just for his country, but for others as well. Not only is Japan a major world economy, but it has unfortunately recently served as a kind of model for what not to do in economic policy. Following the same failed neo-Keynesian prescriptions of easy money, debt-fueled government spending and heavy...
  • Copper Is Crashing In China

    11/16/2015 8:50:19 PM PST · by blam · 17 replies
    Zero Hedge ^ | 11-16-2015 | Tyler Durden
    Tyler Durden 11/16/2015 Shanghai Copper is down 4.6%, hitting fresh cycle lows not seen since March 2009. No clear catalyst is evident for now aside from stronger USDollar, Codelco's cuts, and more chatter of CCFD unwinds. If COMEX Copper holds these losses, it will be down for 10 straight days - the longest on record from what we could tell. Copper is crashing in China... (snip)
  • Record 30 per cent growth of Indian students in US: Report

    11/16/2015 4:59:26 PM PST · by Jyotishi · 4 replies
    PTI/Business Today ^ | Monday, November 16, 2015 | Lalit K. Jha
    Washington - Registering an unprecedented growth of nearly 30 per cent last year, a record 132,888 Indian students are now studying in the US, making an estimated contribution of more than $3.6 billion to the American economy, a report said. While China remains the top country of origin of international students in the US, increasing by 11 per cent to 304,040, India's growth outpaced China's this year, with students from India increasing by 29.4 per cent to a record high of 132,888, said the latest Open DoorsReport on International Educational Exchange. This is the highest rate of growth for Indian...
  • Islamic State Terrorist Attack Proves Donald Trump was Right About Border and Immigration

    11/16/2015 12:53:21 PM PST · by GilGil · 56 replies
    The Blaze ^ | 11/16/2015 | Wayne Allyn Root
    Donald Trump is brilliant. Trump is a chess master. His instincts about immigration and the border were 100 percent on the money. First of all, with the terrible Islamic State terrorist attack in Paris, immigration and our open border with Mexico just became the No. 1 issue in America. All the presidential candidates are now playing on Trump’s home turf. Trump is in command of the most important issue in America. Next, always remember Trump wrote the book on negotiation. It’s called “The Art of the Deal.” Well his new book should be called “The Art of the Immigration Deal.”...
  • Immigration Grandstanding By Ted Cruz Vandalizes Basic Economics

    11/16/2015 3:38:35 AM PST · by expat_panama · 72 replies
    Forbes ^ | Nov 15, 2015 | John Tamny
    Cruz’s initial argument was that immigrants “drive down the wages for millions of hardworking men and women.” There he revealed an impressive misunderstanding of basic economics. This is in a sense a surprise when we consider his correct assertion that immigration is an economic issue. Yes it is. A little economic analysis is by extension in order. Wages are not a function of the supply of labor. If they were, Detroit would be full of high-wage workers to reflect the non-desire of American citizens or foreigners to toil in this former symbol of economic vitality. Detroit used to be the...
  • U.S. Producer Prices Stymied by Low Inflation

    11/16/2015 3:19:30 AM PST · by expat_panama · 15 replies
    Wall Street Journal ^ | Nov. 13, 2015 | Jeffrey Sparshott And Kate Davidson
    WASHINGTON --A gauge of U.S. business prices fell in October, the latest sign of low inflation amid cheap gasoline and a strong dollar. The producer-price index, which measures the prices companies receive for goods and services, decreased 0.4% in October, the Labor Department said Friday. Excluding the volatile food and energy categories, so-called core prices were down 0.3% from the prior month. Economists surveyed by The Wall Street Journal had expected overall prices would rise 0.2% and core prices would rise 0.1%. Overall producer prices decreased 1.6% in October from a year earlier, the 10th straight year-over-year decline and the...
  • Paris terror: The potential aftermath for markets

    11/16/2015 3:04:44 AM PST · by expat_panama · 1 replies
    CNBC World Markets ^ | November 15, 2015 | Catherine Boyle
    Friday's tragic events in Paris are set to have repercussions all over the world, and financial markets are no exception. As the dust settles from the attacks which left 129 people dead and hundreds more injured, analysts began to ponder the geopolitical and economic implications. Euronext, France's main securities market, said in a statement that business will proceed as usual --albeit with added precautions. "Markets will open as normal at Euronext on Monday," the exchange said in a statement. "Our priority is the safety of our staff and there will therefore be extra security in place in Paris on Monday‎."...
  • Predicting which party will win the White House: follow the numbers

    11/14/2015 8:33:50 PM PST · by SeekAndFind · 74 replies
    Boston Globe ^ | 11/15/2015 | By Eric Fehrnstrom
    It's hard to keep up with the twists and turns in this presidential race. Hillary Clinton under fire on Benghazi! Ben Carson has a theory about the pyramids! Bernie Sanders wrote about rape fantasies! Donald Trump . . . well, Donald Trump! Figuring out which headline will have the biggest impact on the general election is a bit of a parlor game. But what if they have no impact at all? After the 2012 election, political scientists John Sides and Lynn Vavreck wrote a book called"The Gamble"that looked at the cause of President Obama's victory over Mitt Romney. They sifted...
  • Ted Cruz is freaked out about inflation. But there has been absolutely none for a year.

    11/14/2015 8:29:53 PM PST · by 2ndDivisionVet · 103 replies
    Vox ^ | November 14, 2015 | Timothy B. Lee
    A lot of conservative voters — especially those old enough to have lived through the high inflation of the 1970s — are convinced that America is currently suffering from an inflation problem. Sen. Ted Cruz (R-TX) pandered to those voters in a recent Republican presidential debate, blaming the "loose money" policies of the Federal Reserve for raising the prices of various consumer products. But new data released Friday by the Bureau of Labor Statistics shows that overall, prices aren't going up. At all. Between September and October, prices actually fell slightly. And over the past year, the inflation rate was...
  • Ted Cruz is freaked out about inflation. But there has been absolutely none for a year.

    11/14/2015 8:29:53 PM PST · by 2ndDivisionVet · 18 replies
    Vox ^ | November 14, 2015 | Timothy B. Lee
    A lot of conservative voters — especially those old enough to have lived through the high inflation of the 1970s — are convinced that America is currently suffering from an inflation problem. Sen. Ted Cruz (R-TX) pandered to those voters in a recent Republican presidential debate, blaming the "loose money" policies of the Federal Reserve for raising the prices of various consumer products. But new data released Friday by the Bureau of Labor Statistics shows that overall, prices aren't going up. At all. Between September and October, prices actually fell slightly. And over the past year, the inflation rate was...
  • Goodbye, Connecticut: It’s just too expensive here

    11/14/2015 5:38:15 PM PST · by BlueStateRightist · 24 replies
    Journal Inquirer ^ | November 14, 2015 | Alan and Gerald Zordan
    With the Litchfield hills and Connecticut in our rear-view mirror as we move our 101-year-old manufacturing company to South Carolina, we are nostalgic, excited, and disappointed.
  • Fight-For-$15 Wage Group Demands $18.55 In Hourly Pay

    11/13/2015 5:00:26 AM PST · by expat_panama · 24 replies
    Investors Business Daily ^ | 11/12/2015 | JED GRAHAM
    The "Fight For $15" minimum-wage campaign demand might seem clear as day, but there's more than meets the eye — over $3 an hour more. Once all the nonwage costs, including payroll taxes, paid sick leave and the big one — ObamaCare's employer mandate — are added to the $15 base wage, minimum compensation for a full-time worker could rise as high as $18.55 an hour by 2020, an IBD analysis finds. It would be a jump of $10.75, or 138%, above the current $7.25 federal minimum and associated social insurance taxes. Wages and social insurance taxes would add $8.34...
  • Neil Cavuto Repeatedly Confronts Student Pushing Free College Plan With Harsh Facts (Brutal)

    11/12/2015 6:48:44 PM PST · by Beave Meister · 73 replies
    The Blaze ^ | 11/12/2015 | Tré Goins-Phillips
    Keely Mullen, an organizer for the Million Student March movement, joined Fox Business Network anchor Neil Cavuto on the air Thursday to discuss the movement’s demands for free public college, student debt cancelation and a $15-an-hour minimum wage for student workers. In the awkward 9-minute interview, Cavuto repeatedly cited facts and figures that seemed to fluster the student. When asked who would pick up the tab for the demands she listed, Mullen said, “The 1 percent of people who are hoarding the wealth and causing a catastrophe students are facing.” “If the 1 percent just had their taxes raised a...
  • Time for GOP panic? Establishment worried Carson or Trump might win (Drudge Siren)

    11/12/2015 5:07:52 PM PST · by SamAdams76 · 176 replies
    Washington Post ^ | November 12, 2015
    Less than three months before the kick-off Iowa caucuses, there is growing anxiety bordering on panic among Republican elites about the dominance and durability of Donald Trump and Ben Carson and widespread bewilderment over how to defeat them. Party leaders and donors fear nominating either man would have negative ramifications for the GOP ticket up and down the ballot, virtually ensuring a Hillary Rodham Clinton presidency and increasing the odds that the Senate falls into Democratic hands.