Free Republic 1st Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $14,430
Woo hoo!! And the first 16% is in!! Thank you all very much!!

Keyword: economy

Brevity: Headers | « Text »
  • Government Shutdown’s economic damage: US$1 billion a week

    01/10/2019 7:13:53 PM PST · by SeekAndFind · 30 replies
    This story is published in a content partnership with POLITICO. It was originally reported by Victoria Guida on on January 9, 2019. As US federal workers face the prospect of missed paycheques during the partial government shutdown, their financial reality is rippling out into the broader economy. The roughly 800,000 government employees who are either furloughed or working without pay will be forced to start slashing their consumer spending when paycheques don’t appear this week. Private-sector contractors and other workers tied to the government are already seeing damage from lost business. And a hit to the nation’s financial standing...
  • South Korea Raised Taxes in Bid for Growth. So Far, It’s Not Working.

    01/10/2019 4:27:17 PM PST · by Theoria · 21 replies
    The New York Times ^ | 09 Jan 2019 | Michael Schuman
    In contrast to President Trump, President Moon Jae-in of South Korea has embraced a pro-labor program of higher wages and taxes. The early results have been discouraging. As President Trump leads a drive to slash taxes and pare back regulation, one major economy is taking a different approach. Under President Moon Jae-in, South Korea has raised taxes and the minimum wage in the name of economic growth. So far, it hasn’t worked out as planned. Growth has slowed, unemployment has risen and small-business owners like Moon Seung are complaining. Mr. Moon, founder of an auto parts maker called Dasung in...
  • Dems Eye 33% Corporate Rate Hike

    01/07/2019 9:05:04 PM PST · by Beave Meister · 76 replies
    American Tax Reform ^ | 1/7/2019 | Alex Hendrie
    House Budget Chairman John Yarmuth (D-Ky.) has announced that the forthcoming budget blueprint will call for a 33 percent corporate income tax rate by hiking the rate from 21 percent to 28 percent. This would make the U.S. a less competitive place to do business and make the U.S. statutory rate higher than many developed competitors. State corporate taxes average 6 percent across the U.S, so this planned tax hike would give the U.S. an average top corporate rate of 34 percent. The current combined corporate rate across the 36 member Organisation for Economic Development and Cooperation (OECD) is currently...
  • No Kentucky county has 10 percent unemployment for the first time since 2000

    01/06/2019 1:01:08 PM PST · by Republican Wildcat · 9 replies
    WKYT ^ | 1/3/2019 | WKYT News Staff
    FRANKFORT, Ky. (WKYT) - New state unemployment data shows none of Kentucky's 120 counties are reporting 10 percent. Magoffin County has the highest unemployment rate in the state, but its rate has dropped to 9.9 percent. This is the first time since October 2000 Kentucky has had single-digit percentage unemployment for all its counties. 107 counties reported a decrease in unemployment while nine counties reported an increase. Most of the counties with the highest unemployment rates are in eastern Kentucky. Woodford County has the lowest unemployment rate at 2.5 percent.
  • Added The Most Manufacturing Jobs in Over 20 Years

    01/05/2019 8:16:12 AM PST · by Yashcheritsiy · 6 replies
    Breitbart ^ | Jan 4, 2019 | John Carney
    Donald Trump has delivered on a key promise that many economists said was impossible: manufacturing jobs boomed in 2018. The manufacturing sector added 284,000 positions over 2018, its best year since 1997. The revival of American manufacturing was a cornerstone of Trump’s 2016 campaign promise to Make America Great Again. Many economists derided the idea that manufacturing could boom in the U.S., insisting that a combination of automation and globlization meant that factory jobs were gone for good. Some even accused Trump of attempting to “con” the American people with promises of manufacturing jobs.
  • Labor Force Participation rate - no longer falling

    01/05/2019 6:28:16 AM PST · by ChessExpert · 27 replies
    Trading Economics ^ | January 5th, 2019 | Trading Economics
    This statistic is a political football. Thought I'd get an update.
  • Dow surges 800 points after Powell comments, blowout jobs report

    01/04/2019 10:17:27 AM PST · by abb · 86 replies
    CNBC ^ | January 4, 2019 | Fred Imbert
    Stocks rallied on Friday after two positive pieces of news for the market. At 8:30 a.m., the Labor Department said the U.S. economy added 312,000 jobs in December. That blew past an expectation of 176,000 jobs. Later on Friday morning, Federal Reserve Chairman Jerome Powell said the central bank will be patient in raising rates, quelling fears of tighter monetary policy in the near future. The Dow Jones Industrial Average rose 800 points, or 3.5 percent. The S&P 500 rallied 3.5 percent, with the tech sector gaining more than 4 percent. The Nasdaq Composite climbed 4.3 percent. This was a...
  • Job growth surges by 312,000 in December (WHAT "slowdown?")

    01/04/2019 6:03:16 AM PST · by ScottinVA · 96 replies
    CNBC ^ | 4 January 2018 | Jeff Cox
    Job creation ended 2018 on a powerful note, with nonfarm payrolls surging by 312,000 in December though the unemployment rate rose to 3.9 percent. The jobless rate, which was last higher in June, rose for the right reason as 419,000 new workers entered the workforce and the labor force participation rate increased to 63.1 percent. The participation level was up 0.2 percentage points from November and 0.4 percentage points compared with a year earlier. A broader measure of unemployment that includes discouraged workers and those holding part-time jobs for economic reasons held steady at 7.6 percent. In addition to the...
  • Actually, 2018 Was a Pretty Good Year, Aside from the Washington hysterias

    01/03/2019 7:46:37 AM PST · by SeekAndFind · 8 replies
    National Review ^ | 01/03/2019 | Victor Davis Hanson
    Aside from the Washington hysterias, 2018 was a most successful year for Americans. The year 2018 will be deplored by pundits as a bad year of more unpredictable Donald Trump, headlined by wild stock-market gyrations, the melodramas of the Robert Mueller investigation, and the musical-chair tenures of officials in the Trump administration. A quarter of the government is still shut down. Talk of impeachment by the newly Democratic-controlled House of Representatives is in the air. Seemingly every day there are sensational breakthroughs, scandals, and bombshells that race through social media and the Internet — only to be forgotten by the...
  • Cost for illegal Immigrants

    12/30/2018 10:24:22 AM PST · by hapnHal · 25 replies
    NY Times ^ | 30 Dec 18 | hapnHAL
    With much debate over sanctuary cities and the amount of crime attributable to illegal immigrants, the following information has been published by NY Time reporter Sharyl Attkinson. Here’s some of the information. This information analyzed was compiled from the Government Accountability Office using statistics from the FBI, Immigration and Customs Enforcement and a state reimbursement programs. * 1 in 5 Federal Prison inmates are criminal aliens. * 2011-2016 more than 730,000 criminal aliens are in prison or jail. * 2011-2016 more than 4.9 million illegal alien arrests for 7.5 million offences. * more than 1 million in dug crimes. *...
  • Ron Paul: Rough Times Ahead, But Liberty Can Still Win

    12/31/2018 10:15:56 AM PST · by liberty2020 · 1 replies
    Ron Paul Institute ^ | 12/31/18 | Ron Paul
    While Congress and the president fight over funding a border wall, they continue to ignore the coming economic tsunami caused by the approximately 22 trillion dollars (and rapidly increasing) federal debt. President Trump may not be troubled by the debt’s effect on the economy because he believes he will be out of office before it becomes a major problem. However, the crisis may come sooner than he, or most people in DC, expects. The constituency for limited government, while growing, is still far outnumbered by those wanting government to provide economic and personal security. From lower-income Americans who rely on...
  • Xi Jinping’s China is ignoring the role the US, and others, played in its rise to economic glory

    12/31/2018 9:59:07 AM PST · by SeekAndFind · 7 replies
    South China Morning Post ^ | 12/31/2018 | Chi Wang
    I left my home in China in 1949, nearly 70 years ago. I thought I would just be studying in the United States before returning to China. But events beyond my control – the Communist victory over the Nationalists soon after I arrived in the US, the escalation of the cold war, and the Korean war – kept me in the US. I quickly built a life in America, became an American citizen, and pursued my own version of the American dream. All the while, China was morphing into a country I would hardly recognise when I was first able...
  • Democrats Now Party of the Rich [semi-satire]

    12/30/2018 9:34:06 AM PST · by John Semmens
    Semi-News/Semi-Satire ^ | 30 Dec 2018 | John Semmens
    In the November elections, Democrats won in the 20 richest congressional districts. An ebullient Rep. Nancy Pelosi (D-Calif), currently vacationing during the "cruel" government shutdown at the Fairmont Orchid resort in Hawaii (where room rates range from $900 per night for a regular room to $5,000 for a suite) bragged that "the ultimate demise of the Republican Party is imminent. Democrats own the Black vote, the Hispanic vote, the immigrant vote, the welfare vote. We have more campaign money from wealthy donors than Republicans can ever hope to see." "The coalition of small business owners, farmers, middle-income wage-earners, craftsmen, and...
  • If You’re Over 50, Chances Are the Decision to Leave a Job Won’t be Yours

    12/30/2018 6:14:10 AM PST · by Galatians328 · 216 replies
    ProPublica ^ | Dec. 28, 5 a.m. EST | Peter Gosselin
    A new data analysis by ProPublica and the Urban Institute shows more than half of older U.S. workers are pushed out of longtime jobs before they choose to retire, suffering financial damage that is often irreversible.
  • 1019 first quarter prediction.

    12/27/2018 12:23:49 PM PST · by Fhios · 73 replies
    12/27/2018 | Vanity
    All indicators are in and it looks like Trump is having a banner year for the economy. Record Christmas sales, Record travel, record DNC tears. So with all these records being broken what are the intrigant reason for the end of year crash? Can we blame DNC and the left wing fringe conspiring? or do we just go a solo Soros narrative. Regardless here is my prediction. By the middle of the fourth month the dow will be back up into record territory, lead by marquee corporations. Apple, google, walmart, amazon, verizon, intel, AMD, GEFORCE. So if your favorite tec...
  • Never Trumpers Fantasize About Tanking U.S. Economy so GOP Backs Impeachment of Donald Trump

    12/27/2018 9:58:25 AM PST · by conservative98 · 62 replies
    Breitbart ^ | 26 Dec 2018 | Matthew Boyle
    Never Trumper John Podhoretz, a contributing editor for the now-defunct Never Trump magazine the Weekly Standard, tweeted on Wednesday that he wondered whether the U.S. economy tanking would lead to President Donald Trump losing enough support from Republicans in Congress that he would be removed from office.
  • Dow rallies 1,000 points, logging its biggest single-day point gain ever

    12/26/2018 12:19:40 PM PST · by Candor7 · 164 replies
    CNBC ^ | 26 Dec. 2018 | Fred Imbert & Eustance Huang
    Stocks rose sharply in volatile trading on Wednesday as surges in retail and energy shares helped Wall Street regain the steep losses suffered in the previous session. The Dow Jones Industrial Average traded 657 points higher as of 3:05 p.m. ET, while the S&P 500 gained 3.05 percent. The Nasdaq Composite outperformed, rising 3.96 percent. Both the S&P 500 and Nasdaq were on track for their biggest one-day gains since Aug. 26, 2015 and erased Monday's losses. The Dow also recovered all of its losses from Monday.
  • Bigger paychecks and cheap gas drive best holiday shopping season in six years

    12/26/2018 3:41:12 PM PST · by mdittmar · 19 replies
    CNN Business ^ | December 26, 2018 | Nathaniel Meyersohn
    New York (CNN Business)Holiday sales grew at their fastest pace in six years, buoyed by rising wages and a drop in gas prices. Retail spending from November 1 through December 24 increased 5.1% from a year ago, according to Mastercard SpendingPulse. Shoppers spent more than $850 billion during the holidays. Unfazed by volatility on Wall Street, consumers flooded into stores and bought clothes and home decor online. Gas prices have dropped by more than 20 cents a gallon over the past month, giving shoppers extra cash for the holidays. "Consumer confidence translated into holiday cheer for retail," said Steve Sadove,...
  • Dow surges 550 points as Wall Street rebounds from worst Christmas Eve ever

    12/26/2018 10:16:18 AM PST · by Red Badger · 53 replies
    CNBC ^ | 12/26/2018 | Fred Imbert | Eustance Huang
    Stocks rose sharply in volatile trading on Wednesday as surges in retail and energy shares helped Wall Street regain most of the steep losses suffered in the previous session. The Dow Jones Industrial Average traded 550 points higher as of 12:58 p.m. ET, while the S&P 500 gained 2.6 percent. The Nasdaq Composite outperformed, rising 3.5 percent. The Dow and S&P 500 briefly turned negative earlier in the day. Retailers were among the best performers on Wednesday, with the SPDR S&P Retail ETF (XRT) jumping 3.5 percent. Shares of Wayfair, Kohl's and Dollar General all rose at more than 5.5...
  • I Used to Write for Sports Illustrated. Now I Deliver Packages for Amazon.

    12/26/2018 9:30:48 AM PST · by Incorrigible · 100 replies
    The Atlantic ^ | 12/25/2018 | Austin Murphy
    I Used to Write for Sports Illustrated. Now I Deliver Packages for Amazon. Austin MurphyAuthor and longtime Sports Illustrated senior writerHoliday parties were right around the corner, and I needed a cover story. I didn't feel like admitting to casual acquaintances, or even to some good friends, that I drive a van for Amazon......Let's face it, when you're a college-educated 57-year-old slinging parcels for a living, something in your life has not gone according to plan. That said, my moments of chagrin are far outnumbered by the upsides of the job. There's a certain novelty, after decades at a legacy...