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Keyword: economy

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  • Remarks by President Trump in Roundtable Discussion with Industry Executives on Reopening

    05/30/2020 3:17:07 PM PDT · by ransomnote · 3 replies
    May 30, 2020 | President Donald J Trump and others
    State Dining RoomMay 29, 2020 4:54 P.M. EDTTHE PRESIDENT:  All right.  Thank you very much.  Appreciate it.  I want to express our nation’s deepest condolences and most heartfelt sympathies to the family of George Floyd.  A terrible event.  Terrible, terrible thing that happened.I’ve asked that the Department of Justice expedite the federal investigation into his death and do it immediately, do it as quickly as absolutely possible.  It’s a local situation, but we’re also making it into a federal situation.  And it’s — it’s a terrible thing.  We all saw what we saw, and it’s very hard to even...
  • China's Economy Is In Deep Trouble

    05/30/2020 8:15:19 AM PDT · by SeekAndFind · 35 replies
    The National Interest ^ | 05/30/2020 | Gordon Chang
    Xi Jinping, during his appearance at the Chinese Peoples Political Consultative Conference in Beijing on Saturday, talked about analyzing the Chinese economy from a dialectical and long-term perspective. Should we be surprised that the Chinese leader is resorting to ideological circumlocutions when his economy is contracting and he knows he cant rescue it soon? The official National Bureau of Statistics reported that gross domestic product contracted 6.8 percent year-on-year during the first quarter of this year, the first announced decline since Beijing began issuing quarterly GDP statistics in 1992. Many assessments, including the widely followed China Beige Book, pegged the...
  • The MAGA Masks Bringing Americans Together

    05/30/2020 7:24:57 AM PDT · by Theoria · 8 replies
    Politico ^ | 29 May 2020 | JOANNA WEISS
    Youre going to find this very strange, but Im more of an anti-mask person, Laura Howard told me last week, recounting the success of her business selling Trump 2020 masks on an Etsy store called isewformygrandkids. The 63-year-old grandmother of eight, a retired Walmart assistant manager from Stanton, Michigan, grumbles about Democratic Governor Gretchen Whitmers strict stay-at-home guidelines. She invited her kids and grandkids over on Mother's Day, telling them masks and social distancing were optional. But most retail stores around her require customers to wear masks. And so, since the start of the crisis, Howard had been sewing masks...
  • Warning: Just because socialist governments make rules to destroy the economy, dont expect the socialists to actually obey their own rules.

    05/29/2020 3:07:31 PM PDT · by Ozguy1945 · 2 replies
    Beware America. The nanny state is real in Victoria, Australia. They think government can replace freedom. They employ ten people to do work that didnt need ten people and then those people get in everybody's way and break their own laws. They want a utopia where there is no death, but if God sends a plague people are going to die. I am not saying that getting the balance right between "safety" and the economy is easy. But I believe in freedom. The false safeties of socialist parasites make me sick.
  • Biden Backs Democrat Declaration Against Independence

    05/29/2020 7:32:36 AM PDT · by SJackson · 7 replies
    FrontPage Magazine ^ | May 29, 2020 | Lloyd Billingsley
    As president, Biden would replicate Californias repressive AB5 law. Last year California passed AB5 affording gig workers protections and benefits like a minimum wage and overtime pay, Joe Biden tweeted on Tuesday. Now, gig economy giants are trying to gut the law and exempt their workers. Its unacceptable. I urge Californians to vote no on the initiative this November. The initiative, qualified for the ballot on May 22, establishes criteria for determining whether rideshare drivers are employees or independent contractors. AB5 also targets freelance writers and independent contractors in dozens of professions, including health care. Joe Biden was all in...
  • Reuters Poll Nukes CNN Theory Economy Will Cause Trump to Lose in a Landslide

    05/29/2020 8:16:58 AM PDT · by JV3MRC · 5 replies
    NewsBusters ^ | 5/29/2020 | Joseph Vazquez
    It looks like the medias efforts to denigrate President Donald Trumps management of the economy are bouncing off his economic support numbers. Sorry, CNN.
  • Americas Baby Crisis Is A Bigger Threat Than The Pandemic

    05/29/2020 7:53:21 AM PDT · by Kaslin · 58 replies
    The Federalist ^ | May 29, 2020 | Nicole Russel
    Believe it or not, there’s something better than a grande Starbucks Frappuccino, an iPhone, or an afternoon reading a good book. As COVID-19 cases continue declining in many states, new threats are emerging: Alongside growing unemployment rates and an increase in depression, births are declining. According to provisional figures from the Centers for Disease Control and Prevention’s National Center for Health Statistics, births in America are down to their lowest number in 35 years.Nearly 4 million babies were born in the U.S. last year, but that was still a 1 percent birth decrease and 2 percent fertility decrease from 2017....
  • K12: Elon Musk Says Take the Red Pill

    05/29/2020 6:05:07 AM PDT · by Kaslin · 19 replies
    American ^ | May 29, 2020 | Bruce Deitrick Price
    Elon Musk is one of the brainiest people on the planet and a fighter. He invented PayPal on his way to launching SpaceX and Tesla. Last week, Musk threatened to sue Alameda County because the pols wanted his employees to stay well distanced on a Tesla production line. Yeah, right, Musk replied you'll have to arrest me first. Musk, once a liberal in good standing, explained his outrage: "Somebody wants to stay in the house, that's great[.] ... But to say that they cannot leave their house and they will be arrested if they do, this is fascist. This...
  • Edward Stringham - On Lockdown

    05/28/2020 9:07:19 AM PDT · by OddLane · 5 replies
    Your Welcome ^ | 5/28/20 | Michael Malice
    Michael is joined by Edward Stringham, President of the American Institute for Economic Research and the Davis Professor of Economic Innovation at Trinity College, for a relevant revelation on how the current state of social distancing was birthed through a school science fair project. Edward effectively breaks down the faulty logic of popular social simulations, by humanizing the hypothetical "agents" used in models with both problems and choices we currently face in the real world, demonstrating just how economically irresponsible the collective response to a pandemic has been...
  • Drastic Coronavirus Lockdowns Are The Most Regressive Policies Since The Draft

    05/28/2020 8:57:34 AM PDT · by Kaslin · 10 replies
    The Federalist ^ | May 28, 2020 | J.T.Young
    The coronavirus lockdowns are Americas most regressive government actions since the draft. Even as liberals have quickly noted the viruss disparate incidence, they have ignored the inequities of government responses. Ironically, these responses have been most regressive in states with the most progressive governments. In just four months, coronavirus has gone from takeoff to lockdown in the U.S. Americas first Wuhan virus case appeared on Jan. 21, and the first American died Feb. 12. California went into lockdown March 19, followed by New York the next day, and New Jersey on March 21. Two months later, America is only now...
  • Over 2.1M Americans filed for unemployment last week, pushing total job losses to 40M from coronavirus lockdown

    05/28/2020 6:39:20 AM PDT · by knighthawk · 34 replies
    Fox Business ^ | May 28 2020 | Megan Henney
    More than 2.1 million laid-off workers applied for unemployment last week, the Labor Department reported on Thursday, as the coronavirus pandemic, and the ensuing economic lockdown, continued to wreak havoc on the jobs market. Economists surveyed by Refinitiv had forecast 2.1 million. The new report, which covers the week ending May 23, pushes the 10-week total of losses since states directed residents to stay at home and forced nonessential businesses to close to 40 million, a rate of unemployment unseen since the Great Depression.
  • The Road To Hell Is Paved WithFree Utilities?

    05/28/2020 4:56:52 AM PDT · by Kaslin · 7 replies ^ | May 28, 2020 | Derek Hunter
    The road to Hell is paved with good intentions. That saying holds true more now than ever. But in the rush to do something, what the government does in response to the global pandemic actually matters. In the last few months, Washington has spent at least $5 trillion trying to mitigate the economic damage done by lockdowns and stay-at-home orders. And thats not counting the cash the Federal Reserve is setting on fire daily. Its easy to sneak favors into massive omnibus spending bills, so its Christmas in spring right now. The Kennedy Center gets a truckload of...
  • Ayatollah Khamenei and the Unhinged Mind of a Religious Zealot

    05/27/2020 8:01:11 AM PDT · by SJackson · 2 replies
    FrontPage Magazine ^ | May 27, 2020 | Ari Lieberman
    Irans Supreme Leader calls for a final solution to Israel and the liberation of Palestine. This past Friday, Israelis of all backgrounds and political persuasions celebrated Jerusalem Day, which commemorates Israels liberation of the eastern part of the city during the Six Day War of 1967. While Israelis were celebrating and reflecting on their admirable achievements, it was an entirely different affair in the Islamic Republic of Iran where Iranian authorities organized and orchestrated anti-Israel demonstrations in commemoration of Quds Day. The hateful rallies came with all the expected banalities including the requisite burning of Israeli and American flags and...
  • COVID Rolls Downhill In Wyoming: The American People Are Making The Hard Calls When Our Leaders Wont

    05/27/2020 6:42:54 AM PDT · by Kaslin · 10 replies
    The Federalist ^ | May 27, 2020 | Christopher Bedford
    There’s a reason for that: The owner kept everyone who was willing to work on the payroll through the entire two-month shutdown. The second-generation chairman of Tennessee’s Holston Gases, Bill Baxter isn’t short on capital. He bought the bar just three years ago — four years after buying the well-known hotel and Silver Dollar Bar up the road. “They paid for us to get additional training so I got a certification for environmental awareness in response to FEMA online incident management,” Bennett Gocke, the man in charge of safety and security for patrons and staff, tells me. “And then on...
  • Los Angeles Coronavirus Update: Mayor Eric Garcetti Says, All Retail Businesses, Including Drive-Ins, Can Reopen So Long As They Observe Proper Protocols

    05/26/2020 9:17:46 PM PDT · by 11th_VA · 39 replies
    Yahoo Newspaper ^ | May 26, 2020 | Tom Tapp
    Tonight, Los Angeles Mayor Eric Garcetti said, I want to announce new changes to the restrictions put in place to prevent the spread of COVID-19. The mayor announced, as of tomorrow, the city will allow all retail businesses to let customers inside their stores so long as those businesses abide by COVID prevention best practices, which includes allowing only 50 percent of capacity...
  • Veteran founder of multimillion-dollar company: 'This is the hardest thing I've ever done in my life' (Black Rifle Coffee)

    05/26/2020 11:48:43 AM PDT · by knighthawk · 28 replies
    Fox News ^ | Matt London
    The founder and CEO of Black Rifle Coffee Company, Evan Hafer, said he would rather return to combat than face rebuilding his business again from scratch. "This is the hardest thing I've ever done in my life and I'm a former Green Beret [who] spent seven years in combat zones," Hafer told veteran correspondent Lara Logan on her Fox Nation show "No Agenda with Lara Logan." In Season 3 of "No Agenda," Logan investigates the current state of affairs of America's veterans through the eyes of those who served from veteran entrepreneurs to those carrying out humanitarian missions, to...
  • Dems reportedly warning preelection economic surge could boost Trump

    05/26/2020 11:50:45 AM PDT · by knighthawk · 43 replies
    Fox News ^ | May 26 2020 | Adam Shaw
    As President Trump and the rest of the country grapple with an economic downturn and sky-high unemployment rates amid the coronavirus crisis, some Democrats reportedly worry that an explosive economic recovery in the fall could revive Trumps lagging political fortunes -- and boost his chance at reelection. Politico reports that Jason Furman, a top economist in the Obama administration and now a Harvard professor, told a bipartisan group of policymakers last month that We are about to see the best economic data weve seen in the history of this country. The claims may seem counterintuitive amid the bleak economic picture...
  • The man without a plan: NYC lockdown drags on DESPITE hospitalizations falling to just 63, as de Blasio admits there's still no reopening date OR plan for the subway and businesses plead 'let us back to work before it's too late'

    05/26/2020 12:07:42 PM PDT · by knighthawk · 29 replies
    UK Daily Mail ^ | May 26 2020 | JENNIFER SMITH
    Only 63 people were hospitalized with suspected COVID-19 in New York City on Monday - a tenth of how many went into hospitals on March 20, the day the city shut down - but Mayor Bill de Blasio is adamant about keeping the lockdown going until June at least. New York City is the last region in the state of New York to reopen and de Blasio has been vague about when the first phase will begin. It has met five of the seven reopening requirements set out by Gov. Cuomo but is still two percent short on hospital capacity...
  • Cuomo rings bell as NYSE reopens to big gains

    05/26/2020 7:15:34 AM PDT · by yesthatjallen · 13 replies
    The Hill ^ | 05 26 2020 | Niv Elis
    A masked Gov. Andrew Cuomo (D) rang the opening bell Tuesday as the New York Stock Exchange trading floor opened for the first time in two months. The markets opened to a surge of optimism following Memorial Day weekend as the country began to reopen and news of additional potential vaccine candidates has surfaced. The NYSE's iconic trading floor has been shuttered since March 23, as cases of the coronavirus in New York skyrocketed, making the city the U.S. epicenter of the virus. The Dow Jones Industrial Average was up 600 points, or 2.4 percent, while the S&P 500 rose...
  • Dow Futures Surge As Re-Opening Moves in Major Global Economies Offset US-China Tensions

    05/26/2020 2:50:31 AM PDT · by John W · 5 replies
    The Street ^ | May 26, 2020 | Martin Baccardax
    Wall Street futures surged higher Tuesday as markets shrugged off concerns over U.S.-China tensions and looked to improving coronavirus infection data, as well as the re-opening of major economies around the world. With all 50 U.S. states now operating under some form of lockdown easing, and countries from Japan to the United Kingdom lifting stay-at-home orders and allowing stores and small business to re-open, investors are betting that the worst of the pandemic, which has taken nearly 350,000 lives around the world, has passed. U.S.-China tensions remain simmering, however, andWhite House National Security Adviser Robert O'Brien warned over the weekend...