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Keyword: growth

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  • Texas is CNBC's Top State for Business in America this year

    07/11/2018 4:13:22 PM PDT · by 2ndDivisionVet · 7 replies
    CNBC ^ | July 10, 2018 | Scott Cohn
    •Texas claims the top spot in CNBC's 2018 America’s Top States for Business rankings. •The energy sector is helping to turbocharge the $1.6 trillion Texas economy. •Texas has added more than 350,000 jobs in the past year. •Texas is home to some of America's most important public and private companies, including giants like AT&T, ExxonMobil and Dell. Riding the rising tide of energy prices—and the job growth that goes with it—Texas claims the top spot in CNBC’s 2018 America’s Top States for Business rankings. This is familiar territory for the Lone Star State, which becomes the first four-time winner in...
  • How to Build Up Your Life from Nothing.

    07/10/2018 6:39:13 PM PDT · by vannrox · 20 replies
    Metallicman ^ | 10JUL18 | editorial staff
    Here are my thoughts on what a young man can do to build up his life when he exits school. It does not matter if the school is college, High School, or elementary school. There comes a point in time when you need to make the transition from a student to a worker. Everyone has their thoughts on this. Here are mine. What Can we do? If you are a millennial, and you do want to work and provide a living, but cannot then you need to seek out help and advice. Do not try to do it on your...
  • Trump's Forecast Of 4% GDP Growth Close To Coming True As Americans Spend Tax-Bill Proceeds

    06/14/2018 3:52:44 PM PDT · by Enlightened1 · 15 replies
    CNBC ^ | 06/14/18 | Patti Domm
    Surging consumer spending is driving GDP well above prior estimates, and it is now tracking near 4 percent for the second quarter. That's almost double the pace of the first quarter. Economists say the consumer is seeing the impact of the tax cuts and is spending, as a result of more disposable income Armed with new-found proceeds from the tax bill, American consumers went shopping in May, driving retail sales — and economic growth — sharply higher. The economy in the second quarter is tracking close to 4 percent growth — a level President Donald Trump raved about last December,...
  • Larry Summers: Trump’s economic growth is 'unsustainable'

    05/01/2018 11:38:06 AM PDT · by SoFloFreeper · 37 replies
    Yahoo Fake Finance "News" ^ | 5/1/18, The Communist Holiday | R Newman
    The US economy could grow at or above President Trump’s goal of 3% this year. And White House economists predict it’ll be that way indefinitely. Former Treasury Secretary Larry Summers sees it differently. “Yes, we are growing at a reasonably rapid rate, but it’s taking unsustainable fiscal deficits to drive us to that point,” Summers told Yahoo Finance at the Milken Institute Global Conference in Los Angeles. “It’s taking unsustainable increases in credit to drive us to that point. It’s taking unsustainable increases in asset prices. You can always generate a sugar high. The real problem for us is not...
  • Fallout over tolls divides local, state leaders

    04/16/2018 11:04:32 PM PDT · by Tolerance Sucks Rocks · 18 replies
    The political tide has turned against toll roads in Texas, imperiling a Tomball interchange project and hamstringing frustrated local officials, while setting an ominous tone for projects to come. For years, state officials relied on tolls to tackle some of TexasÂ’ biggest traffic messes as a way to build without adding taxes. Since 2016, however, Gov. Greg Abbott and Lt. Gov. Dan Patrick have taken hard-line stances against the mixing of Texas Department of Transportation money and toll revenues. Most Popular More men accuse former Texas judge, Baptist leader of sexual misconduct Breaking down 2018 Texas A&M football: Quarterback With...
  • 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...
  • 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...
  • 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...
  • JP Morgan slashes GDP estimate to 2.5% after 'hotter than Hades' inflation report

    02/20/2018 1:18:04 PM PST · by SeekAndFind · 14 replies
    CNBC ^ | 02/20/2018 | Thomas Franck
    J.P. Morgan slashed expectations for U.S. economic growth in the first quarter thanks to Wednesday's "hotter than Hades" inflation reading and "ugly" retail sales numbers. The bank's chief U.S. economist explained that the Labor Department's "scorching" core consumer price index measure likely means an emboldened Federal Reserve. "While it is still early going, we are taking down our outlook for first-quarter gross domestic product from 3.0 percent to 2.5 percent," wrote economist Michael Feroli. "Today's inflation reading should probably cement in place the Fed's intent to hike rates at the March FOMC meeting." The economist added that core CPI posted...
  • Why "Gross Output" Is Way Better Than GDP At Telling Us How The Economy Is Doing

    02/08/2018 3:28:35 PM PST · by sloop3 · 9 replies
    Free Market Central ^ | 2/8/2018 | Free Market Central
    “Gross domestic product,” popularly known as GDP, measures spending on finished goods and services. GDP grew 2.6 percent in the fourth quarter of 2017 and is expected to grow far more in the first quarter of this year. But is GDP the best measure of economic activity?
  • Is Christianity Shrinking in America? "Yes" and "No"

    02/01/2018 8:16:27 AM PST · by SeekAndFind · 13 replies
    Christian Post ^ | 02/01/2018 | J. Warner Wallace
    It's a common question asked by church leaders and laity: "Is American Christianity waning as our nation becomes more secular"? The statistics seem to support a "yes" answer to this question. I've been collecting data on this issue for over ten years. The surveys (more than 50 I've chronicled so far) reveal a disturbing, albeit unified, trend: Fewer people claim a Christian affiliation than ever before, and those who claim no religious affiliation are the fastest growing group in America.Despite these statistics, a recent article argues that religion "continues to enjoy 'persistent and exceptional intensity' in America." Glenn Stanton, writing...
  • IMF revises up global growth forecast helped by Trump tax cuts

    01/22/2018 6:54:01 AM PST · by BenLurkin · 1 replies
    Reuters ^ | 01/22/2018
    It also said that economic activity in Europe and Asia was surprisingly stronger than expected last year, and global growth in 2017 was now estimated to have reached 3.7 percent, 0.1 percentage point higher than the Fund projected in October. “The U.S. tax policy changes are expected to stimulate activity, with the short-term impact in the United States mostly driven by the investment response to the corporate income tax cuts,” the IMF said in the update, which was released on the sidelines of the World Economic Forum in Davos, Switzerland. “The effect on the U.S. growth is estimated to be...
  • Northgate interchange construction increases by $4 million

    01/04/2018 7:11:13 AM PST · by Tolerance Sucks Rocks · 6 replies
    The Idaho State Journal ^ | December 9, 2017 | Shelbie Harris
    The Northgate project that involves constructing an interchange on Interstate 15 north of Pocatello and is expected to trigger a landslide of development simultaneously took one step forward and another backward last week. The Pocatello City Council unanimously approved the annexation of nearly 300 acres of land north of East Chubbuck Road on Thursday, but the Idaho Transportation Department also learned the construction cost of the interchange alone has increased by about $4 million. There has been some speculation that the increased costs could negatively impact the project, but the ITD board is scheduled to meet on Thursday at its...
  • American Airlines, Southwest employees to get tax bill bonus

    01/02/2018 7:27:29 PM PST · by tcrlaf · 19 replies
    Rooters ^ | 1-2-18 | Rooters
    U.S. airlines American Airlines Group Inc (AAL.O) and Southwest Airlines Co (LUV.N) said on Tuesday that they would give their employees a $1,000 bonus in light of the recent U.S. tax bill. American Airlines will distribute the bonus to each team member, excluding officers, at its mainline and wholly owned regional carriers, according to an internal memo seen by Reuters.The distributions will total approximately $130 million and will be made in the first quarter of 2018, the company said. Southwest said in a statement that as well as paying the bonus to all employees in January, it was increasing its...
  • The Trickle-Down Mythmaking Begins

    12/22/2017 6:53:08 PM PST · by MAGA2017 · 17 replies
    The Atlantic ^ | 12/21/2017 | Annie Lowrey
    The Trickle-Down Mythmaking Begins Several companies gave out raises after tax cuts passed Congress. But that was probably already going to happen anyway. After Congressional Republicans passed their $1.5 trillion package of tax cuts on Wednesday, a number of companies responded by announcing raises or bonuses for their workers. Comcast said it would give $1,000 bonuses to more than 100,000 workers. Fifth Third Bancorp said it would give out bonuses and boost its minimum wage, with the cut giving the bank, in its words, “the opportunity to reevaluate its compensation structure and share some of those benefits with its talented...
  • Kentucky Transportation Cabinet: To ease Brent Spence traffic, we need another bridge

    12/22/2017 7:31:55 AM PST · by Tolerance Sucks Rocks · 5 replies
    WCPO 9 Cincinnati ^ | December 19, 2017 | Marais Jacon-Duffy
    After exploring other options, the Kentucky Transportation Cabinet released study findings Tuesday "confirming the need for a second bridge to carry Interstate 71/75 traffic across the Ohio River." A yearlong study "confirms the need for construction of a new bridge across the Ohio River to improve safety and travel on Interstate 71 and Interstate 75 between Ohio and Kentucky," a news release from the KYTC said. The news release cited the findings of the Brent Spence Strategic Corridor Study, which was led by the consulting firm Stantec. The best solution to "ease congestion and improve travel" is to build a...
  • Nolte: 7 Amazing Facts About Trump’s Economy Media Don’t Want You to Know

    12/19/2017 9:46:46 AM PST · by davikkm · 17 replies
    breitbart ^ | JOHN NOLTE
    Now that we are a full year into President Trump’s increasingly consequential first term, it is long past time to give him complete ownership of the American economy. If it seems odd to do so after only a year, that is due to former President Barack Obama, who never stopped blaming his predecessor for a recovery that never arrived because Obama could not stop sabotaging it with his anti-growth policies and anti-free market rhetoric. Even lying conspiracy theorists in the media and Democrat Party backed by a special prosecutor, even the gale force wind of hate and lies, have not...
  • Trump’s Conservative Policies Are Bringing Back the Jobs Obama Told Us Were Lost Forever

    12/07/2017 3:04:32 PM PST · by Kaslin · 30 replies
    Rush Limbaugh.com ^ | December 7, 2017 | Rush Limbaugh
    RUSH: Folks, do not doubt me. They think they have won the House in 2018. They hate Trump and so they think everybody else does. The reasons they hate Trump, they think, are the reasons everybody else hates Trump. They hate Republicans and they think they have succeeded with their buddies in the media in making everybody else hate Republicans. They think the Virginia gubernatorial election is the sign that the country has admitted its mistake and is ready now to get back to normal and elect Democrats to run Washington, D.C. So they have made this assumption. They want...
  • Here’s how infrastructure propels development forward for Arizona

    11/22/2017 8:03:35 PM PST · by Tolerance Sucks Rocks · 7 replies
    AZ Big Media ^ | October 31, 2017 | David McGlothlin
    This year, America’s overall infrastructure was awarded a D+ grade, according to the American Society of Civil Engineers’ “Infrastructure Report Card.” Arizona’s infrastructure may be relatively newer by comparison but it is starting to show signs of wear and tear as indicated by the C grade that it received from ASEC. While the state of Arizona’s infrastructure may not be in as dire of shape as other urban areas, the need for new and repaired infrastructure is widely talked about, especially at Valley Partnership. For 30 years now, Valley Partnership has been the rational voice at the table whenever important...
  • Money for Arkansas River Bridge Is Fort Smith's Missing Link

    11/16/2017 4:54:55 AM PST · by Tolerance Sucks Rocks · 17 replies
    Arkansas Business ^ | November 13, 2017 | Marty Cook
    One of Arkansas’ top priorities is finishing Interstate 49 in the western part of the state. A key component of that massive project, which is also massively expensive, is a 13.7-mile stretch near Fort Smith that includes a bridge over the Arkansas River to connect Interstate 40 with Interstate 49, which would then run from south Fort Smith to northwest Arkansas and up through the midsection of the nation. The project’s completion would connect with a 6.5-mile stretch of Interstate 549 that opened in 2015 and hooks up U.S. 71 with Highway 22 in south Fort Smith. The proposed 13.7-mile...