Keyword: economy

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  • CNN Poll: 7 in 10 say economy in good shape -- and Trump may reap the benefits

    03/18/2019 2:23:24 PM PDT · by Innovative · 32 replies
    CNN ^ | March 18, 2019 | Jennifer Agiesta
    Americans give the nation's economy glowing reviews in a new CNN Poll conducted by SSRS, and Donald Trump's approval rating may be reaping the benefits. Overall, 71% say the nation's economy is in good shape, the highest share to say so since February 2001, and the best rating during Trump's presidency by two points. A majority give the President positive reviews for his handling of the nation's economy (51% approve), and his overall approval rating has ticked up to 42% in the new poll. The 51% who say they disapprove of the President's job performance overall represent the lowest share...
  • KEYNES IS DEAD; THIS IS THE LONG RUN

    03/18/2019 11:52:48 AM PDT · by SeekAndFind · 31 replies
    Evergreen Gavekal ^ | 03/15/2019 | Charles Gave
    “In the long run, we are all dead.” –JOHN MAYNARD KEYNES______________________________________________________________________________________________________________INTRODUCTION John Maynard Keynes, an English economist and author, has been held in high esteem for several decades thanks to his groundbreaking work in economics in the early 20th century. The theory he popularized in an attempt to better understand the Great Depression, aptly named Keynesian theory, revolutionized demand-side economic policy at the time. For those who haven’t studied the riveting subject of macroeconomics since college – sarcasm, of course, for everyone out there that doesn’t live and breathe the subject like we do – Keynes advocated for increased...
  • Jobs, jobs, jobs...latest job openings data show that Trump knows what it's about

    03/16/2019 7:34:03 PM PDT · by SeekAndFind · 8 replies
    American Thinker ^ | 03/16/2019 | Monica Showalter
    With the press largely focused on the college cheating scandal and cooking up new ways to Blame Trump for the mosque massacre in New Zealand, some real news is going largely unnoticed: "US Job Opening[s] Soar To All Time High: 1.3 Million More Than Unemployed Workers." According to Zerohedge's Tyler Durden: After a modest slowdown in job openings which started in September and continued through November, today's JOLTS report — Janet Yellen's favorite labor market indicator — for the month of January showed an unprecedented surge in job openings across most categories at the start of 2019, with the total number soaring from an...
  • Spengler: Trump Deserves More Credit than He Gets for the Economy, but He Hasn't Done Enough

    03/15/2019 10:09:04 AM PDT · by SeekAndFind · 6 replies
    PJ Media ^ | 03/15/2019 | David Goldman AKA Spengler
    Rarely does a U.S. president deserve credit for an economic expansion. The U.S. economy typically heals itself despite the best efforts of the government to damage it. One example is the Reagan recovery of the 1980s, impelled by the supply-side tax cuts championed by our greatest postwar president. Another is the Trump recovery of 2018. More than 100% of all jobs created in 2018 came from small businesses, while larger exchange-listed businesses shed jobs. The surge in small business confidence after Trump's election and his late-2017 tax cuts unleashed the animal spirits of small entrepreneurs and produced 3% economic...
  • US Small Business Optimism Improves, Ending Five-Month Skid

    03/14/2019 3:42:41 PM PDT · by spintreebob · 12 replies
    Transpofrt Topics ^ | 3-12-2019 | Carlyann Edwards |
    Optimism among small companies in the United States improved in February, snapping a five-month losing streak that was the longest in two decades on brighter views of future conditions. The National Federation of Independent Business optimism index rose to 101.7 from a two-year low of 101.2, according to a report March 12. Five of 10 index components improved, including views about the current environment for expansion and capital spending plans. The measure is showing signs of stabilization after the government shutdown and remains at a historically elevated level despite cooling from a record 108.8 in August. “Now that the government...
  • RETURN OF THE SOWELL MAN: The best economist is black, and he’s back in the battle.

    03/11/2019 12:26:06 PM PDT · by Perseverando · 45 replies
    Front Page Mag ^ | March 11, 2019 | Lloyd Billingsley
    “Even the best things come to an end,” wrote Thomas Sowell in a December, 2016, column headlined “Farewell.” At the age of 86, the great economist had decided to stop writing his column and “spend less time following politics and more time on my photography.” Since then, Sowell has been rather quiet, but current political trends have prompted him to re-emerge. “Socialism is a wonderful sounding idea,” Sowell recently told Fox Business. “It’s only as a reality that it’s disastrous.” A former Marxist, Sowell began to see the difference between reality and rhetoric. “When you see people starving in Venezuela...
  • Poetic Justice For The Aristocracy

    03/09/2019 2:07:27 AM PST · by vannrox · 5 replies
    CollarCollapse.com ^ | 8MAR19 | John Rubino
    Two points about today’s political economy – and then a prediction involving Illinois: Point One: What’s coming is poetic justice for the aristocracy.  The wave of populism/socialism/proto-fascism that’s sweeping the US and Europe is a direct result of the breathtaking hubris of a ruling class that didn’t know when to quit stealing. While it is possible for societies dominated by a small group of rich/connected people to endure and even thrive, they can do so only if the 99% enjoys a rising standard of living and a certain amount of upward mobility. In other words, people will accept the existence...
  • Tanking economy, Belt and Road unraveling and Huawei: China's Xi Jinping faces his toughest year yet

    03/08/2019 10:34:15 AM PST · by SeekAndFind · 8 replies
    The Telegraph ^ | 03/06/2019 | Sophia Yan
    When China’s president Xi Jinping presided over the country’s rubber stamp parliament last year, he scrapped term limits to consolidate power and spouted rhetoric about the country’s juggernaut status. To the world, he looked an unstoppable strong man. This year, Mr Xi will stride into the Great Hall of the People in far tougher times – the economy is seeing its poorest economic growth in nearly three decades, hampered by a protracted trade war with the US. Beijing is also seeing the first signs of a backlash over its 'Belt and Road' plan - an infrastructure-led plan intended to boost...
  • Rural Sheriff’s Ominous Warning: “LOCK YOUR DOORS, LOAD YOUR GUNS, GET A BARKING, BITING DOG” (TR)

    03/06/2019 3:08:58 PM PST · by Perseverando · 107 replies
    End of the American Dream ^ | March 5, 2019 | Michale Snyder
    Is this a sign of what is coming for the rest of the nation? In Martin County, Kentucky times are very tough right now. Thanks to severe budget cutbacks, there are only two paid law enforcement officers covering a deeply impoverished 231-square-mile area that sits right in the heart of America’s raging opioid crisis. Needless to say, Martin County Sheriff John Kirk feels greatly outnumbered by the thieves, sexual predators and drug dealers that he has to contend with on a daily basis, and he recently issued a very ominous warning to the citizens of his county… Before making a...
  • Tent City by the Bay

    03/06/2019 10:58:39 AM PST · by Salman · 54 replies
    City Journal (Manhattan Institute) ^ | March 5, 2019 | Kerry Jackson
    San Francisco’s homeless problem has become so grim that tourists wonder if they’ve just wandered into a seedy neighborhood. Last year, a Reddit user posted that he had “walked past numerous homeless” people who were “screaming and running all over the sidewalk near Twitter HQ.” He asked, “Is this normal or am I in a ‘bad part of town?’” The City by the Bay’s homelessness problem is profound even for California, where as much as 30 percent of the country’s homeless live. Municipal officials estimate that 5,823 such persons live in San Francisco, but health-care workers say the more accurate...
  • China’s super rich are bailing out fast over fears Communist leaders are tanking the economy

    03/06/2019 12:30:11 PM PST · by SleeperCatcher · 27 replies
    The National Sentinel ^ | 3/6/19 | Jon Dougherty
    As POTUS Donald Trump prepares to meet with Chinese President Xi Jinping to discuss a deal to end the current trade war between the world’s two biggest economies, the American political commentariat has panned it as another opportunity for China to ‘pull one over’ on this ‘hapless, bumbling president.’ Citing Trump’s ‘inability’ to come to terms with North Korean leader Kim Jong-un over denuclearization, they have left Americans who still listen to them with the impression that now it’s China’s turn to embarrass him and the United States — and at the president’s own resort at Mar-a-Lago. But the reality...
  • China’s Super Rich Exiting as Economy Fades

    03/05/2019 3:20:12 PM PST · by detective · 25 replies
    The New American ^ | 05 March 2019 | Bob Adelmann
    A popular online meme perfectly expresses where China’s economy is headed: “The year 2019 may be the worst year in this decade, but it will be the best year in the next decade.” China’s economy is decelerating so rapidly that the super-rich are getting out while the getting is good. One of them is Chen Tianyong, a real estate developer in Shanghai, who posted this on the Internet: “China’s economy is like a giant ship heading to the precipice. Without fundamental changes, it’s inevitable that the ship will be wrecked and the passengers will die. My friends, if you can...
  • Gallup: Trump Job Approval On The Economy Reaches New High

    03/05/2019 12:46:20 PM PST · by SeekAndFind · 17 replies
    Hotair ^ | 03/05/2019 | Allahpundit
    No incumbent president pulling 55 percent on the economy and unemployment can be counted out for reelection, however anemic his overall job approval might be.In fact, this poll is a reminder of how solid Trump’s 2020 prospects would look if he was a bit less … Trumpy, for lack of a better word.It’s mostly Republicans driving that number but he’s at 53 percent approval on the economy and 56 percent on unemployment among independents, a group that gives him an overall job approval of just 35 percent. Those are also the only two out of 14 categories tested in...
  • Economy grew by 2.9 percent in 2018, just short of Trump's goal of 3%

    03/05/2019 8:26:43 AM PST · by SeekAndFind · 25 replies
    Washington Examiner ^ | 03/04/2019 | Colin Wilhelm
    The economy grew at by 2.9 percent in 2018, the Bureau of Economic Analysis reported Thursday morning in its quarterly report on gross domestic product, tied for the strongest growth in 13 years. The figure fell just shy of President Trump’s stated goal of yearly 3 percent growth. Still, Thursday's report showed GDP growing at a 2.6 percent annual rate in the fourth quarter of 2018, better than analysts expected for the quarter that included the beginning of the partial government shutdown. Most economists expect growth to slow in the quarters ahead. Federal Reserve officials, for instance, see GDP growth...
  • Rep. Peter DeFazio and House Democrats are reintroducing a financial services tax with AOC

    03/04/2019 5:53:43 PM PST · by Freedom56v2 · 38 replies
    CNBC ^ | 03/04/19 | Brian Schwartz
    House Democrats are reintroducing their proposal of a financial transaction tax on stock, bond and derivative deals, and this time they've signed on a key new supporter: left-wing firebrand Rep. Alexandria Ocasio-Cortez. Rep. Peter DeFazio, D-Ore., is leading the effort to bring back a bill, titled the "Wall Street Tax Act of 2019," which slaps a tax on securities transactions and could have a particular negative effect on high-frequency traders. Ocasio-Cortez, D-N.Y., is the lead co-sponsor. DeFazio is expected to file the bill on Tuesday. "What we were looking at is if there's a sweet spot when you do a...
  • Google Moves to Address Wage Equity, and Finds It’s Underpaying Many Men

    03/04/2019 12:38:27 PM PST · by Theoria · 15 replies
    The New York Times ^ | 04 March 2019 | Daisuke Wakabayashi
    When Google conducted a study recently to determine whether the company was underpaying women and members of minority groups, it found that more men than women were receiving less money for doing similar work. The surprising conclusion to the latest version of the annual study contrasted sharply with the experience of women working in Silicon Valley and in many other industries. In response to the finding, Google gave $9.7 million in additional compensation to 10,677 employees for this year. Men account for about 69 percent of the company’s work force, but they received a disproportionately higher percentage of the money....
  • Would Leftists Invest Their Own Money in a “Green New Deal?” [Remember Solyndra>]

    03/04/2019 9:27:54 AM PST · by Moseley · 15 replies
    Big League Politics ^ | March 4, 2019 | Jonathon A. Moseley
    Would you invest your own money in the “Green New Deal” as a good investment for the future? Or will leftists only put at risk other people’s money through taxpayer funds? Confront candidates for office and office-holders with whether they would sink their own money into this project. Send their answers to Big League Politics. The “Green New Deal” has been recently popularized primarily by Congresswoman Alexandria Ocasio-Cortez (D-Venezuela) — while overshadowing many other Democrat Members of Congress standing right beside her. Even as snow fell in Los Angeles this year, and many cities experienced record — not just cold,...
  • Advisory panel says highway-capping ‘Stitch’ project could cost $452M

    03/03/2019 1:09:07 AM PST · by Tolerance Sucks Rocks · 21 replies
    Curbed Atlanta ^ | March 1, 2019 | Sean Keenan
    After roaming around and studying downtown for a week, the Urban Land Institute’s advisory services panel provided Atlanta leaders with recommendations on how to move forward with the colossal proposed “Stitch” project. On Friday, ULI, which conducts land use research for cities around the globe, suggested the time is now to partner with local elected officials and philanthropic organizations to get the ball rolling on fundraising efforts for the potentially 14-acre project that would install a massive park and new construction above the Downtown Connector. But in order to be competitive for public and private funding—panelists expect the highway-capping project...
  • Trump and GOP promised economic growth much better than Obama’s. That’s not what happened

    02/28/2019 8:37:38 AM PST · by mikelets456 · 45 replies
    CNBC ^ | 2/28/2019 | CNBC
    Throughout the 2016 campaign and since, the president and his party have vowed to kick-start tepid Obama-era economic growth. New government data show that Trump, too, has failed to reach the 3 percent promised land, according to one major metric. The Commerce Department’s Bureau of Economic Analysis measured 2018 growth at 2.9 percent, matching the peak Obama enjoyed in 2015. For the rest of the president’s term, economic forecasters agree, that number will decline.
  • Blue State Refugees Flock to Conservative Florida

    02/27/2019 8:54:53 PM PST · by Tolerance Sucks Rocks · 117 replies
    The Daily Signal ^ | February 26, 2019 | Cal Thomas
    While most attention has been focused on immigrants trying to enter the United States over America’s southern border, there is legal migration taking place that has been largely ignored, though it may have at least as much economic and political impact as the other. People are moving out of high-tax states to Florida and other states with lower tax burdens. Florida’s new governor, Ron DeSantis, mentioned the movement in a speech to the Club for Growth, which describes itself as “a national network of over 250,000 pro-growth, limited government Americans who share in the belief that prosperity and opportunity come...