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Keyword: economy

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  • AMERICA Prayer Vigil, April 19, 2018 [prayer]

    04/19/2018 12:40:40 AM PDT · by Albion Wilde · 31 replies
    FreeRepublic.com ^ | April 19, 2018 | FR intercessors
    Join Freepers throughout the world to pray for PRESIDENT TRUMP and VICE-PRESIDENT PENCE and for AMERICA: All Levels of Government, Family, Military, Business, Education, Churches, Health Care Systems and the Media. This is the confidence we have in approaching God: that if we ask anything according to His will, He hears us. —1 John 5:14 Forum threads labeled [Prayer] are closed to debate of any kind. Please join us in prayer today for our economy, the national debt, and our finances.
  • How California Car Culture Killed The Promise Of A 20-Minute Commute

    04/16/2018 8:33:57 PM PDT · by Tolerance Sucks Rocks · 40 replies
    KPBS News ^ | April 16, 2018 | Meghan McCarty Carino/KPCC
    As an innovator and early adopter of freeways, California became the symbolic capital of car culture. But the ease of movement conferred by the massive postwar freeway building boom was short-lived, turning the dream of car travel into a nightmare of congestion and long commutes. The story of how Californians went from getting around to getting stuck behind the wheel is deeply entwined with the history of the urban freeway, an enterprise that advanced earlier and on a larger scale here than anywhere else in the country. Half a century ago, there was reason for optimism about cars. Los Angeles...
  • Report: Gun Jobs Up Nearly 90 Percent Since 2008, Gun Industry Economic Impact Up 169 Percent

    04/12/2018 6:10:33 AM PDT · by PROCON · 10 replies
    freebeacon.com ^ | April 11, 2018 | Stephen Gutowski
    The firearms industry has boomed over the last decade with gun-related jobs nearly doubling and the economic impact of the industry growing more than 150 percent, a new report from an industry group said on Tuesday. The National Shooting Sports Foundation's newly released report showed the industry's economic impact rose from $19.1 billion in 2008 to $51.4 billion in 2017. That represents a 169 percent increase. At the same time, gun-related jobs grew from an estimated 166,000 to nearly 310,000. An increase of 87 percent. "Our industry is proud to be one of the truly bright spots in our economy...
  • Black Political Power Means Zilch

    04/11/2018 8:50:17 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | April 11, 2018 | Walter E. Williams
    It's often thought to be beyond question that black political power is necessary for economic power and enhanced socio-economic welfare. That's an idea that lends itself to testing and analysis.Between 1970 and 2012, the number of black elected officials rose from fewer than 1,500 to more than 10,000. Plus, a black man was elected to the presidency twice. Jason Riley, a fellow at the Manhattan Institute, tells how this surge in political power has had little beneficial impact on the black community.In a PragerU video, "Blacks in Power Don't Empower Blacks," Riley says the conventional wisdom was based on the...
  • Russian Ruble Experienced Biggest One Day Fall Since 2016

    04/11/2018 4:50:41 AM PDT · by GoldenState_Rose · 1 replies
    The Moscow Times ^ | Apr 2018 | Reuters
    Russia's ruble experienced its biggest one-day fall for over two years on Monday and stocks in major Russian companies also slid, as investors reacted to a new round of U.S. sanctions targeting some of Russia's biggest tycoons. The impact of the new sanctions could threaten Russia's fragile economic recovery, which was only just beginning to take hold after the first major wave of sanctions against Russia, introduced in response to Moscow's annexation of Crimea in 2014. Shares of Russian Companies Tumble Following U.S. Sanctions Russia's currency plunged to its lowest level since November last year, trading at 60.24 to the...
  • China's Xi announces plans to open up China, including lowering tariffs on imported autos

    04/09/2018 7:23:01 PM PDT · by Poison Pill · 54 replies
    CNBC ^ | 4/9/2018 | Huileng Tan
    Chinese President Xi Jinping discussed plans to further open up the Chinese economy during a Tuesday address.
  • 50 Richest Russians Lose Close to $12Bln After Latest U.S. Sanctions

    04/09/2018 5:12:07 PM PDT · by GoldenState_Rose · 7 replies
    Moscow Times ^ | April 9, 2018 | Reuters
    Russia’s 50 richest businessmen have reportedly lost close to $12 billion in the days after the United States imposed a new wave of sanctions... According to the Forbes magazine’s real-time ranking, metals tycoon Vladimir Potanin was the biggest total-value loser with $1.5 billion wiped out. Potanin, part-owner of Norilsk Nickel, was not targeted by the U.S. Treasury Department in its latest wave of sanctions. Fellow steel tycoon Oleg Deripaska, who has stakes in eight of the 15 entities hit with sanctions, followed with an estimated $1.3 billion erased from his $6.7 billion net worth. Deripaska led the list of Russians...
  • BET Founder Gives Props To Trump Economy: 'Something Is Going Right'

    04/08/2018 2:08:31 PM PDT · by SunkenCiv · 19 replies
    True Pundit ^ | Friday, April 6, 2018 | Virginia Kruta
    BET founder Robert Johnson told CNBC Friday that he believes the Trump economy has helped the African American community. Johnson, who was America's first black billionaire, appeared on "Squawk Box" to discuss the direction of the economy following the most recent jobs report. In spite of a slightly lower-than-expected number (103,000 new jobs vs the expected 193,000), Johnson was optimistic, citing a January report that touted the lowest unemployment rate ever recorded for African Americans. "When you look at that [January report], you have to say something is going right. You have to take encouragement from what's happening in the labor force...
  • US added modest 103K jobs in March, rate stays 4.1 pct.

    04/06/2018 5:38:06 AM PDT · by NohSpinZone · 21 replies
    ABC News ^ | 4/6/18 | Christopher Rugaber
    U.S. employers added a modest 103,000 jobs in March after several months of bigger gains, though the government's jobs report suggests the labor market remains healthy. The Labor Department says the unemployment rate remained 4.1 percent, a 17-year low, for the sixth straight month. Average hourly pay ticked up, climbing 2.7 percent compared with a year earlier.
  • Q1 2018 Was A Fiscal Disaster For America

    04/02/2018 10:45:33 AM PDT · by SeekAndFind · 21 replies
    Econimica ^ | 04/01/2018 | Chris Hamilton
    In the first quarter of 2018, the financial and investing industry went into overdrive detailing the upside of the 2018 tax cuts and the positive impacts of a "business friendly" executive and congressional branch on business in America. The stock market hit record highs and the Federal Reserve proclaimed such good times as to raise their economic outlook and increase the likelihood for interest rate hikes. From January 1, 2018 through March 28, 2018 (Q1), real GDP likely grew $110 billion (a 2.5% rise on an annualized basis). However, the fly in the ointment...according to the Treasury, from Jan 1,...
  • Tax Reform Is Boosting Take-Home Pay for Millions of Americans. Here’s the Proof.

    03/30/2018 10:44:01 AM PDT · by Tolerance Sucks Rocks · 15 replies
    The Daily Signal ^ | March 22, 2018 | Mary Kate Hopkins
    For a nation accustomed to instant gratification, the Tax Cuts and Jobs Act is a winner.Before President Donald Trump even signed the bill, companies were announcing employee pay raises, bonuses, and increased investments to grow their businesses and bring operations back from overseas.Among the first out of the gate was AT&T, which said it would give $1,000 bonuses to more than 200,000 nonmanagement employees and make an additional $1 billion investment in the United States. Boeing put $100 million toward training, education, and other workforce development. Walmart expanded paid parental leave and boosted starting wages to $11 an hour.Then in...
  • Do 5 Million Americans Really Live in Third World Poverty?

    03/30/2018 6:54:19 AM PDT · by SeekAndFind · 40 replies
    National Review ^ | 03/29/2018 | By ROBERT RECTOR & JAMIE BRYAN HALL
    The claim that they do is based on a failure to account for all sources of income. Nobel Prize–winning economist Angus Deaton recently published an op-ed in the New York Times titled “The U.S. Can No Longer Hide from Its Deep Poverty Problem.” Deaton asserted that 5.3 million Americans (or 1.7 percent of the population) live on less than $4 per day and “are as destitute as the world’s poorest people. . . . [Their] suffering, through material poverty and poor health, is as bad [as] or worse than that of the people in Africa or in Asia.”But measurements of...
  • Washington Post: There’s a surprising rebound in Trump country – and it could be short-lived

    03/30/2018 6:57:01 AM PDT · by SeekAndFind · 29 replies
    Washington Post ^ | 03/29/2018 | Andrew Van Dam
    As he ran for president, Donald Trump promised to lift up regions of the country that had been left behind by the economy. “I want to go into the neglected neighborhoods, the failing schools, the forgotten stretches of this nation, and unlock their potential for all of our people,” he said in September 2016. The argument proved persuasive — many of the nation’s most economically distressed regions voted for Trump. Now the early returns are in: In the first year of the Trump presidency, places that voted for Trump are doing better economically than at the end of the Obama...
  • Trump Considers Invoking Emergency Law to Halt Chinese Acquisitions of U.S. Firms

    03/29/2018 12:04:25 AM PDT · by TigerLikesRooster · 16 replies
    Epoch Times ^ | March 28, 2018 | Annie Wu
    Trump Considers Invoking Emergency Law to Halt Chinese Acquisitions of U.S. Firms By Annie Wu, Epoch Times March 28, 2018 9:41 pm Last Updated: March 28, 2018 9:41 pm After announcing tariffs on Chinese imported goods last week, the Trump administration is now considering a crackdown on Chinese investments in U.S. tech firms that develop sensitive technologies. Bloomberg reported on March 28 that the administration was considering invoking the International Emergency Economic Powers Act, enacted in 1977, which allows the president to declare a national emergency for an “unusual and extraordinary threat.” The president would be allowed to block transactions...
  • Surge: GOP Improves to Strongest National Polling Position, Majority Approves of Trump's Economy

    03/27/2018 9:46:49 AM PDT · by SeekAndFind · 13 replies
    Townhall ^ | 03/27/2018 | Guy Benson
    Let's start with the good news for Republicans in the latest Fox News national survey, conducted by the network's respected, bipartisan pollster.  First, the president's job approval rating sits at (45/52), which isn't much to write home about, but is still an improvement over his first year nadir in the mid-to-high 30's.  Second, he's above water on his handling of the US economy, hitting a (51/44) majority.  By a bigger margin (51/32), Americans say they're feeling more optimistic about their family's financial situation now than they were a year ago.  This aligns with other metrics pointing to a rosier economic...
  • Tariffs Were Killing New Zealand’s Economy. Free Trade Turned It Around.

    03/22/2018 9:08:44 PM PDT · by Tolerance Sucks Rocks · 29 replies
    The Daily Signal ^ | March 16, 2018 | Patrick Tyrrell and Caleb Pascoe
    The new tariffs announced by President Donald Trump have generated intense controversy. With the debate ongoing, it might be useful to examine how other countries have dealt with similar policy debates in the past. New Zealand now ranks third in The Heritage Foundation’s Index of Economic Freedom and is one of the champions of economic freedom around the world. But it wasn’t always so. In the mid-1980s, New Zealand was facing an economic crisis, with its domestic market and international trade both heavily regulated. Unemployment had reached 11 percent, and inflation was a sky-high 15 percent. In response, the government...
  • Trump's China tariffs aren't crazy

    03/22/2018 11:29:48 AM PDT · by SoFloFreeper · 11 replies
    3/22/18 | R Newman
    ....Most trade experts see little economic justification for those tariffs, and a bevy of loopholes Trump included.... Trump is on firmer ground with his plan to impose tariffs on $50 billion worth of Chinese imports. “The goal is to get China to treat U.S. companies in China the way we treat Chinese companies in our market,” a senior Trump administration official told reporters on March 22. A forthcoming government report, he said, “clearly demonstrates there are unfair practices by China as it relates to their efforts to acquire US technology and to favor their companies over US companies.” Unlike the...
  • For warmth, some households still burn coal ( Durango, Colorado )

    03/20/2018 5:28:25 PM PDT · by george76 · 71 replies
    Durango Herald ^ | March 10, 2018 | Jonathan Romeo
    Rural residents turn to cheap heating fuel ... Monte Miller shovels a load of coal into a bucket and makes the short journey from his storage shed to his home on the edge of Bayfield, joking aloud that his wife likes to keep the temperature at a steady 75 degrees. “But we don’t have any problem doing that with coal,” Miller and his wife, Marsha, have been using coal as their main source of fuel since they moved to their home in 2000. Each year, the couple uses about 2 tons of coal to keep their 2,500-square-foot house warm throughout...
  • Tech stocks are flashing a warning sign similar to before the dot-com bubble popped

    03/19/2018 4:22:37 PM PDT · by SkyPilot · 24 replies
    CNBC ^ | 19 Mar 18 | Jeff Cox
    • Price performance difference between tech and utilities has spread lately to a level nearly as wide as when the dotcom bubble burst. • "The obsession with dot-com stocks in the late-1990s has been replaced today by a fascination with FANG stocks," said Jim Paulsen, chief investment strategist at the Leuthold Group. Price performance between the two sectors has spread lately to a gap not quite as wide as during the bubble, but close. Using a measure called the "Popular/Panned Ratio", Jim Paulsen, chief investment strategist at the Leuthold Group, sees danger signs growing for the bull market that began...
  • Will: Infrastructure spending won’t transform America

    03/16/2018 1:02:00 PM PDT · by Tolerance Sucks Rocks · 52 replies
    The San Jose Mercury News ^ | February 16, 2018 | George F. Will
    “MASON CITY: To get there you follow Highway 58, going northeast out of the city, and it is a good highway and new.” — Robert Penn Warren, “All the King’s Men” (1946) WASHINGTON — Appropriately, Warren began the best book about American populism, his novel based on Huey Long’s Louisiana career, with a rolling sentence about a road. Time was, infrastructure — roads, especially — was a preoccupation of populists, who were mostly rural and needed roads to get products to market, and for travel to neighbors and towns, which assuaged loneliness. Today, there is no comparably sympathetic constituency clamoring...