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Keyword: economy

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  • The Retail Apocalypse Continues — Lowe’s is Closing 50 Stores, Here’s the List

    11/08/2018 8:27:40 AM PST · by deandg99 · 71 replies
    DC Dirty Laundry ^ | 11/08/2018 | Daisy Luther
    By now, just about everyone has watched one or more local stores close their doors for good. Lowe’s, a hardware and home improvement store that has been around for 72 years, is closing around 50 of their locations just after Christmas. They’re the most recent victim of the retail apocalypse. Thousands of brick and mortar stores closed their doors this year as executives tried to staunch the bleeding in some companies and othersHere’ went bankrupt. Buyers are flocking to the internet to purchase their goods from companies with lower overhead (and thus lower prices.) And the economy, despite claims of...
  • Why America is Increasingly Divided (And James Madison Would Have Predicted It)

    11/07/2018 9:41:58 AM PST · by Pining_4_TX · 4 replies
    The Independent Institute ^ | 11/06/18 | Lawrence McQuillan
    In 1925, President Calvin Coolidge famously said that the “chief business of the American people is business.” Today, however, this could be reworded as “the business of the American people is redistribution.” And government redistribution of income and wealth—violations of personal property rights—is tearing apart the social fabric of the country. Today more than half of Americans receive more money from government transfer* programs than they pay in federal taxes. When a majority of people benefit, on net, from government transfers and its growth, a tipping point is reached where pulling back is increasingly difficult, if not politically impossible.
  • Foxconn Considers Bringing Chinese Workers to Wisconsin as U.S. Labor Market Tightens

    11/06/2018 9:09:34 PM PST · by Theoria · 18 replies
    The Wall Street Journal ^ | 06 Nov 2018 | Yang Jie, Shayndi Raice and Eric Morath
    The Taiwanese supplier to Apple must meet hiring, wage and investment targets by various dates to receive tax and other ‘performance-based’ benefits Foxconn Technology is considering bringing in personnel from China to help staff a large facility under construction in southern Wisconsin as it struggles to find engineers and other workers in one of the tightest labor markets in the U.S. The company, the Taiwanese supplier to Apple Inc., has been trying to tap Chinese engineers through internal transfers to supplement staffing for the Wisconsin plant, according to people familiar with the matter.
  • The ‘World In 2019’ Economist Magazine Cover Hints At The Arrival Of The ‘End Game’

    11/06/2018 8:20:22 AM PST · by bitt · 27 replies ^ | 10/14/2018 | Stefan Stanford
    Close to the end of the year each year going back decades, The Economist magazine puts out an issue in which they take a look at the coming year and 2018 is no exception. As we had reported on ANP back on July 11th of 2017, back in 1988, The Economist put out a story in which the cover photo featured the mythical ‘phoenix’ rising out of the ashes of burning dollar bills and other paper/fiat money, wearing a gold medallion with the year ‘2018’ on it with their title, “Get Ready For A World Currency“. Reporting in their story...
  • President Trump's closing argument: Vote Republican and continue the jobs boom

    11/06/2018 12:20:07 AM PST · by ZeroToHero · 10 replies
    Fox News ^ | 11/6/18 | President Trump
    For many Americans, the Great Recession brought dark days we will never forget – and never want to repeat. It wasn’t long ago that economists told us sluggish growth and flat wages were here to stay. Pundits talked about a “jobless recovery.” And politicians promised hope and change but never delivered. But now, thanks to Republican leadership, the United States has the best economy in the history of our country – and hope has finally returned to cities and towns across America. Since I was elected, we have created 4.5 million new jobs. In the last month alone, we added...
  • DNC Chairman Tom Perez Tries to Attack the Trump Economy, Fails Miserably

    11/05/2018 2:11:15 PM PST · by Kaslin · 21 replies ^ | November 5, 2018 | Katie Pavlich
    As the final hours of the 2018 midterm elections close in, former Obama Labor Secretary and current DNC Chairman Tom Perez is doing his best to attack the Trump economy.On Friday, numbers released from Perez' former department showed 250,000 new jobs in a October and an increase in wage growth not see since 2009.  Jobs blowout with 250,000 added in October, soaring past expectations— FOX Business (@FoxBusiness) November 3, 2018 BOOMING ECONOMY: Take a look at the jobs added by sector— FOX & friends (@foxandfriends) November 3, 2018 New polling also shows the vast majority of voters...
  • You don't have to give Trump the credit but his economy is soaring

    11/05/2018 4:45:27 AM PST · by calvincaspian · 21 replies
    The Boston Herald ^ | 11-05-2018 | Herald Staff
    The economy is roaring. On Friday the Bureau of Labor Statistics released the jobs report for October. It exceeded expectations. We are seeing the best wage growth since 2009, when we were crawling out of the recession. In October, 250,000 jobs were added to the economy. The unemployment rate held at 3.7 percent — its lowest level since 1969. The average hourly earnings increased at a 3.1 percent pace, year over year. That is the strongest wage growth since April 2009. More people are working than in any time in recent memory and employers are having trouble filling positions.
  • How do Hogan and Jealous compare on transportation?

    11/04/2018 8:03:57 PM PST · by Tolerance Sucks Rocks · 34 replies
    WTOP ^ | October 26, 2018 | Bruce DePuyt, Maryland Matters
    By Bruce DePuyt — When Gov. Lawrence J. Hogan Jr. (R) announced a major plan to widen three Maryland roadways last year, even transportation insiders were caught off-guard. “I was surprised by it, but I rejoiced at it,” said John B. Townsend II, AAA mid-Atlantic’s manager of public and government affairs. “As much as people are loath to admit it, the congestion in Maryland has limited economic development in the state. And [it has] impacted the quality of life because of the amount of hours — more than 80 hours a year [on average] — we spend being stuck in...
  • ABC Anchor: ‘Trump Is So Unpopular’, ‘Why Is This Not a Blowout?'

    11/04/2018 10:22:15 AM PST · by Kaslin · 132 replies ^ | November 4, 2018 | Nicholas Fondacaro
    With just two days to go until the polls closed on the midterm elections, Republicans were working hard to get out their base and liberal media were working hard to get out the Democratic Party’s base. During the Sunday edition of ABC’s Good Morning America, they touted President Trump’s job approval rating slipping to 40 percent. Despite that good news to them, co-anchor Dan Harris was seemingly dismayed as he turned to Clinton lackey George Stephanopoulos, asking: “why is this not a blowout?” Stephanopoulos gave Harris a couple of reasons for why Republicans were still in the game this close...
  • Poverty in California - Why one of America’s richest states is also its poorest

    11/04/2018 5:15:25 AM PST · by Galatians328 · 26 replies
    Economist ^ | 11/2/2018
    The state with the largest share of people in poverty is California. As the most populous state, it also has by far the largest number of poor people, 7.4m.
  • Trump Says ‘Wages UP!’ as CEOs Compete for Workers

    11/03/2018 6:26:19 AM PDT · by Pollard · 4 replies
    breitbart ^ | 2 Nov 2018 | Neil Munro
    President Donald Trump cheered the rising wages being delivered to Americans by his combination of a high-pressure economy and his “Hire American!” policy. He Tweeted Friday morning: Wow! The U.S. added 250,000 Jobs in October … Unemployment at 3.7%. Wages UP! These are incredible numbers. Keep it going, Vote Republican! The good news came in the scheduled agency report about the October economy. Breitbart News reported: Wage growth, long considered the ‘missing ingredient’ to the economic expansion, has finally returned. Average hourly earnings climbed by five cents an hour for the month, or 83 cents year-over-year. That represents a 3.1 percent...
  • Truly excellent jobs report another sign Trumponomics works

    11/02/2018 7:48:36 PM PDT · by TBP · 9 replies
    New York Post ^ | November 2, 2018 | Post Editorial Board
    Wow: The last big jobs report before Election Day brought unadulterated excellent news. Year-over-year wage growth above 3 percent for the first time in nearly a decade. Payrolls adding 250,000 new jobs, well above expectations. Unemployment unchanged at 3.7 percent, a 49-year low — and the rate would have dropped, except that more people returned to the labor force. That last is huge, for two reasons: l  First, it means Americans who had given up hope of finding work are back in the fight. That’s a major plus for society. l  Second, it suggests that the nation isn’t up against...
  • 'Keep it going, Vote Republican': Trump touts jobs numbers ahead of midterms

    11/02/2018 1:05:24 PM PDT · by Innovative · 3 replies
    AOLNews ^ | Nov. 2, 2018 | Brian Cheung
    President Donald Trump is riding high on the last jobs report before a key midterm election on November 6. The Bureau of Labor Statistics on Friday reported that the U.S. economy added an estimate-beating 250,000 jobs in October as the unemployment rate held steady at 3.7%. Wages grew 3.1% year-over-year, the fastest pace of annual gains since April 2009. “Wow! The U.S. added 250,000 Jobs in October – and this was despite the hurricanes. Unemployment at 3.7%. Wages UP! These are incredible numbers. Keep it going, Vote Republican!” Trump tweeted shortly after the BLS released its numbers.
  • Your pocketbook is on the ballot

    11/02/2018 9:35:17 AM PDT · by yesthatjallen · 8 replies
    The Hill ^ | 11/02/18 | Alfredo Ortiz
    Thanks to pro-growth Republican policies like tax cuts and deregulation, there has never been a better time to find a new job in this country. Today’s jobs report, released by the Bureau of Labor Statistics, shows that an impressive 250,000 jobs were created last month, keeping the national unemployment rate at 3.7 percent, a half-century low. Historically low unemployment extends to all demographics, including blacks, Hispanics, and women. At this level of unemployment, almost no one in the country needs to go to bed wondering if they are going to be able to provide for their families. This economic peace...
  • Question For Midterm Voters: Are You Better Off Than You Were Two Years Ago?

    11/02/2018 8:17:44 AM PDT · by SeekAndFind · 14 replies
    IBD ^ | 11/02/2018
    President Reagan won a landslide election in 1980 when he asked voters a simple question: "Are you better off than you were four years ago?" Voters knew they weren't. Midterm voters should be asking themselves that same question now, before casting their ballots next Tuesday. Only this time, the answer is yes. The latest evidence: The Labor Department reported this week that private sector wages and salaries rose 3.1% in the third quarter of this year, compared with last year. Total compensation, which includes things like health benefits, climbed 2.9%. Both growth rates are significantly faster than two years ago....
  • Gold buying by central banks hits its highest level in almost three years

    11/01/2018 8:53:05 PM PDT · by NRx · 58 replies
    CNBC ^ | 11-01-2018 | David Reid
    Central banks around the world have upped their spending on gold to the highest level in almost three years, according to the World Gold Council (WGC). More than 148 metric tons of gold were bought by the national banks in the three months to the end of September, a rise of 22 percent on the same period last year. Using the current spot price of $1,223 per troy ounce, the gold purchases by the banks added up to a $5.82 billion spending splurge on the precious metal. Russia’s central bank led the buying, purchasing more than 92 tons of gold....
  • Rising U.S. Crude Output Sparks Race to Build Export Terminals

    11/01/2018 8:36:40 PM PDT · by Oatka · 9 replies
    Reuters via gCaptain ^ | 10/30/2018 | Jarrett Renshaw and Collin Eaton
    A high-stakes competition is emerging among energy exporters proposing multi-million-dollar crude terminals along the U.S. Gulf Coast to handle a gusher of shale oil coming from West Texas oilfields. On Monday, private equity firm Carlyle Group became the latest to place a bet, proposing with the Port of Corpus Christi what it said would be the first onshore U.S. export facility able to load the world’s largest crude tankers.
  • Maxine Waters envisions power position, vows revenge on financial industry [tr]

    11/01/2018 5:03:57 PM PDT · by kevcol · 105 replies
    BizPacReview ^ | Frieda Powers | November 1, 2018
    Waters, who could be the next chair of the Financial Services Committee if Democrats win control of the House, drew applause as she noted that “most of the members of the Congressional Black Caucus will be chairs” of congressional committees following an election win. . . “I will be the first African-American, the first woman to chair the powerful Financial Services Committee,” she continued. “That’s all of Wall Street. That’s all the insurance companies, that’s all the banks. And so, of course, the CEOs of the banks now are saying, ‘What can we do to stop Maxine Waters because if...
  • The Every-2-Year Election Fire a Libtard Event by Max Americana is here! (Ongoing since 2008)

    11/01/2018 12:48:32 PM PDT · by max americana · 29 replies
    me | 11/01/2018 | max
    Since 2008, we hire AND FIRE a liberal is ongoing and the legend continues!. 2008 was the beginning because I hate obama and as revenge for all leftwing clowns, we hire a liberal and fire him/her/it after the elections. Just for the heck of it. Because we can. and we hate Dems and libs here. Yeah, I know what you're thinking, you;re a meanie Max. I dont care. I call it therapy for all the crap you gave our country like obama, hillary, anti kavanaugh crap etc BLECCCHGGHHH This year, we were gunning for a Caitlyn Jenner and we got...
  • Chinese economy slowing faster than expected, worst yet to come

    10/31/2018 9:30:08 PM PDT · by BeauBo · 61 replies
    SCMP ^ | 31 )ct 2018 | SCMP
    New export orders contracted for the fifth month in a row in October, to 46.9 from 48 in September. Imports also contracted for a fourth straight month, indicating weakening demand within China, while the decline in manufacturing employment accelerated. Non-manufacturing activity, dominated by the service sector, also slowed in October... We expect a worse growth slowdown in spring 2019.