Keyword: economy

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  • President Donald J. Trump’s 500 Days of American Greatness

    09/24/2018 11:26:44 AM PDT · by Taxocrats Tax Everything · 4 replies
    White House ^ | 6-4-2108 | White House
    Our families will thrive. Our people will prosper. And our nation will forever be safe and strong and proud and mighty and free. President Donald J. Trump 500 DAYS: In his first 500 days in office, President Donald J. Trump has achieved results domestically and internationally for the American people. Since taking office, President Trump has strengthened American leadership, security, prosperity, and accountability. After 500 days, the results are clear: the American economy is stronger, American workers are experiencing more opportunities, confidence is soaring, and business is booming. President Trump has re-asserted American leadership on the world stage, secured vital...
  • Next crash will be ‘worse than the Great Depression’: experts

    09/24/2018 7:50:02 AM PDT · by EdnaMode · 61 replies
    NY Post ^ | September 22, 2018 | John Aidan Byrne
    Ten years ago, it was too-easy credit that brought financial markets to their knees. Today, it could be a global debt of $247 trillion that causes the next crash. After a decade of escalating US household debt brought on by low wages and the national debt more than doubling over the same time frame, to $21 trillion, debt could soon put the brakes on this economic recovery, analysts warn. “We think the major economies are on the cusp of this turning into the worst recession we have seen in 10 years,” said Murray Gunn, head of global research at Elliott...
  • Dow rises, extending record run [DJIA 26,743.5 +86.52 +0.32%]

    09/21/2018 1:52:58 PM PDT · by Red Badger · 15 replies
    www.foxbusiness.com ^ | Published September 21, 2018 | By Leia Klingel
    The Dow Jones Industrial Average climbed Friday, extending its record-setting run to a second consecutive session. The Dow rose 86.52 points, or 0.32 percent, to 26,743.50. The S&P 500 ticked 1.08 points lower to 2,929.67. The Nasdaq Composite dropped 41.28 points, or 0.51 percent, to 7,986.96. The Dow Jones Industrial Average and the S&P 500 set intraday records in early trade Friday. On Thursday, the two major stock market indexes also set records, with the Dow rallying over 251 points to close at a record high for the first time since January. The S&P 500 also climbed to an all-time...
  • Dow set for best week since July as stocks push deeper into record territory

    09/21/2018 7:14:09 AM PDT · by Red Badger · 4 replies
    www.marketwatch.com ^ | 09/21/2018 | By Ryan Vlastelica
    U.S. stocks rose in early trading on Friday, with Wall Street extending its recent uptrend and pushing further into record territory. Where are the major benchmarks trading? The Dow Jones Industrial Average DJIA, +0.18% rose 81 points, or 0.3%, to 26,738, hitting an all-time intraday high in early trading. The S&P 500 SPX, +0.24% gained 8 points to 2,939, a rise of 0.3% that took it to new records of its own. The Nasdaq Composite Index COMP, +0.12% which remains about 1% below record levels, rose 21 points, or 0.3%, to 8,049.25. The S&P 500 is on track for its...
  • Jobless claims fall to 49-year low for third straight week

    09/20/2018 4:51:19 PM PDT · by yesthatjallen · 23 replies
    The Hill ^ | 09/20/18 | Vicki Needham
    Applications for unemployment benefits fell to a new 49-year low for the third straight week, reflecting a tight job market. U.S. filings for jobless claims fell 3,000 to a seasonally adjusted 201,000 in the week ended Sept. 15, the lowest level since Nov. 15 1969, the Labor Department said Thursday. The four-week moving average, which is a better gauge for the direction of job market, was 205,750, a decrease of 2,250 from the previous week's 208,000, the lowest level since Dec. 6, 1969 when it was 204,500. The effects of Hurricane Florence, which hit North Carolina and South Carolina last...
  • Dow, S&P 500 set record highs

    09/20/2018 1:49:54 PM PDT · by jazusamo · 13 replies
    Fox Business News ^ | September 20, 2018 | Leia Klingel
    The Dow and S&P 500 recorded fresh all-time highs Thursday with investors waving off the tit-for-tat exchange of newly imposed trade tariffs placed on U.S. and Chinese goods and focusing on the latest, positive economic data. The Dow Jones Industrial Average rallied 251.22 points, or 0.95 percent, to 26,656.98 -- marking the Dow's 100th record close since the election of President Donald Trump and its first since January. The broader S&P 500 jumped 22.8 points, about 0.8 percent, to 2,930.75. The tech-heavy Nasdaq Composite gained 78.19 points, or 0.98 percent, to 8,028.23. Ticker Security Last Change %Chg I:DJI DOW...
  • Billionaire Ken Langone: 'This economy is booming,' and Trump deserves a lot of credit for it

    09/20/2018 10:05:59 AM PDT · by 2ndDivisionVet · 8 replies
    CNBC ^ | September 20, 2018 | Matthew J. Belvedere
    President Donald Trump's economic agenda is fueling a resurgence in the economy that cannot be denied, billionaire businessman and philanthropist Ken Langone told CNBC on Thursday. "This economy is booming," said Langone, a longtime supporter of GOP candidates who was not always a fan of Trump. "I think he's made a lot of moves that are constructive to the economy." Since Trump took office, the gross domestic product is growing at a 3 percent-plus rate. The unemployment rate is currently around a 50-year low. Langone, co-founder of Home Depot, said "every indicator" for the moment is showing a clear path...
  • Jobless claims fall again to reach new 49-year low of 201,000

    09/20/2018 6:08:58 AM PDT · by Red Badger · 15 replies
    www.marketwatch.com ^ | Published: Sept 20, 2018 8:37 a.m. ET | By Jeffry Bartash
    The numbers: The number of Americans who applied for unemployment benefits in mid-September fell to a fresh 49-year low, more proof that a growing labor shortage and surging economy have given workers greater job security. Initial jobless claims, a rough proxy for layoffs, fell by 3,000 to 201,000 in the seven days ended Sept. 15. That’s below the 208,000 MarketWatch forecast and marks the lowest level since Nov. 12, 1969.
  • Poverty rate in Florida dips to lowest level since Great Recession, census says

    09/19/2018 5:41:37 AM PDT · by Brilliant · 4 replies
    Sun Sentinel ^ | Sept 17, 2018 | Aric Chokey
    Nearly a decade after the Great Recession, the percentage of Floridians who were living in poverty in 2017 was at its lowest level since 2008, according to estimates released by the U.S. Census Bureau. About 14 percent of the Sunshine State’s population had incomes below the poverty line last year compared with 13.2 percent in 2008. That means between 2.8 million and 2.9 million people were living in poverty in Florida in 2017. The Census Bureau measures poverty annually and sets the threshold based on factors such as household income and family size, including the number of children. A family...
  • Trump's new American economy

    09/17/2018 6:42:35 PM PDT · by 2ndDivisionVet · 2 replies
    The Wa ^ | September 17, 2018 | Peter Morici
    Now streaming on your handheld devices is America’s New Economy, and it will soon make the messages of both political parties obsolete. American consumers always spent too much. Thomas Jefferson went bankrupt by living high on credit and ever since, his countrymen have borrowed recklessly — until the next financial crisis compelled retrenchment. Periods of robust economic expansion have been defined by consumers’ willingness to splurge on big ticket items like cars and homes, and businesses’ appetite for grand new projects — Fulton’s steamboat, canals, railroads, airlines and most recently shale oil and pipelines. Remarkably the economy is now on...
  • Trump holds National Council for the American Worker meeting — live updates

    09/17/2018 12:23:32 PM PDT · by 2ndDivisionVet · 2 replies
    CBS News ^ | September 17, 2018
    President Trump is expected to speak at what the White House is describing as the inaugural meeting of the President's National Council for the American Worker on Monday. The president praised the efforts of first responders after Hurricane Florence lashed out at the East Coast. "Will not rest until that job is done and done perfectly," the president said, according to the White House press pool. "... It's a very dangerous situation. You have collapses. You have slides. Its very scary." The council was formed to develop a national workforce strategy to help students and workers have access to the...
  • North v South: Fascinating images show the contrast between life either side of Korea's borders

    09/17/2018 10:18:51 AM PDT · by 2ndDivisionVet · 7 replies
    The Daily Mail ^ | September 17, 2018 | Chris Pleasance and Agence France Presse
    • Korea has been split into North and South since the Soviets and US divided it up after the Second World War • South prospered economically under democracy, while the North isolated itself under a communist regime • Life on either side of the border is now very different, though some common themes remain between the two • Photographer Ed Jones captured this fascinating series showing similarities and differences between them It is more than seven decades since Korea was divided into North and South at the end of the Second World War - and since then life has become...
  • Stealing From a Cashierless Store (Without You, or the Cameras, Knowing It)

    09/16/2018 7:21:21 PM PDT · by Theoria · 74 replies
    The New York Times ^ | 13 September 2018 | Nellie Bowles
    A start-up uses visual tracking and behavioral data to operate a new San Francisco market, which lets shoppers walk out unimpeded. And sometimes mischarged. One recent afternoon, the city’s newest grocery market was trying to figure out whether I would buy, steal or leave behind a bag of white Cheddar popcorn — and so was I. On its side: 27 cameras along the ceiling and a wealth of behavioral data. On my side: crippling indecision. Last week, San Francisco got its first completely automated cashierless store, Standard Market. Shoppers who have downloaded the store’s app can go into the 1,900-square-foot...
  • The one question Republicans need to ask voters to keep Congress

    09/16/2018 4:36:57 PM PDT · by TBP · 18 replies
    New York Post ^ | September 15, 2018 | Deroy Murdock
    “Are you better off now than you were two years ago?” Republicans should ask voters this key question during the 2018 midterms. It would shift the debate from the childish and shrill Resistance to the mature and optimistic topic of results. By nearly any measure, Washington’s unified Republican government has improved things for every American since the last election. The economy is roaring, thanks to Republican public policy. Obama’s “You didn’t build that,” anti-business hectoring has been replaced by gratitude. For each new federal regulation, 22 asphyxiating rules have been scrapped. And $1.5 trillion in GOP tax cuts have supplied...
  • After attacking Trump, JPMorgan chief now says the president has done ‘pretty good’ with economy

    09/16/2018 10:46:30 AM PDT · by BenLurkin · 15 replies
    The Washington Post ^ | September 16 at 10:46 AM | Steven Mufson
    Appearing on ABC’s “This Week with George Stephanopoulos,” Dimon was asked “what kind of grade” he would give Trump just on the economy. “I’d say pretty good,” Dimon said. “You know, when President Trump was elected, confidence skyrocketed, consumers, small business, large corporate and because pro-business, pro-competitive taxes, pro some regulatory reform — and that has helped the economy,” Dimon told Rebecca Jarvis of ABC. “So it’s impossible for me to tease out how much, but it has helped the economy,” he said. “Yeah, he should take some credit for that.”
  • College students hoping to create new interstate from Texas to Georgia

    09/15/2018 10:47:40 PM PDT · by Tolerance Sucks Rocks · 66 replies
    The LaGrange Daily News ^ | August 29, 2018 | Alicia B. Hill
    A group of college students is working together with lawmakers and communities to try to make the route to locations throughout the southeast a little shorter by using Interstate 14 to connect Killeen, Texas, with Columbus, Georgia. The idea started when Frank Lumpkin was in high school, taking part in Youth Leadership Columbus. While taking part in the class, he said he realized that the city needed more infrastructure to succeed, and he said he has been working on the project ever since. “From the moment I saw this robust transportation network that linked the southern military instillations, would address...
  • The Fed may have triggered the '08 crash by accident

    09/15/2018 7:36:39 AM PDT · by yesthatjallen · 129 replies
    The Hill ^ | 09/15/18 | DOUG CARR
    The gut-wrenching slide of the 2008 stock market crash is unforgettable for those caught in it. In the six weeks from the Lehman Brothers bankruptcy on Sep. 17, the stock market lost over 40 percent of its value. A quarter of trading days had plunges of 4 percent or more. Investors saw life’s savings dissipate. Traders saw a year’s work and bonus compensation vaporize. The Federal Reserve and U.S. Treasury, which had been scrambling to cope with the developing financial crisis, accelerated their efforts to a frenetic pace, developing program after program to stem the panic. A chart of the...
  • Obama: 'I Built This Economy, Not Trump!'

    09/15/2018 12:23:07 PM PDT · by ZeroToHero · 105 replies
    NN ^ | 09/14/18 | Jay Greenberg
    Former President Barack Obama is back out on the road, but now he's attempting to claim credit for President Trump's booming economy.
  • Widespread disdain for Trump is misguided

    09/15/2018 2:56:50 AM PDT · by 2ndDivisionVet · 16 replies
    The News Record ^ | September 14, 2018 | Samuel Schell-Olsen
    Contrary to popular culture and the media, Donald Trump has, so far, performed well as commander in chief. Since taking office in 2017, Trump has overseen the most successful economic policy since Calvin Coolidge. By cutting regulations, slashing taxes and promoting business activity, U.S. unemployment rates have dropped to 3.9 percent — its lowest percentage since December 2000. Unemployment in Hispanic communities has reached an all-time low of 4.7 percent. While Trump is arguably the most foul-mouthed President since Lyndon Johnson, his penchant for action speaks volumes. In April, Trump signed the Allow States and Victims to Fight Online Sex...
  • New York Slimes: We’re Measuring the Economy All Wrong

    09/14/2018 7:58:33 PM PDT · by EdnaMode · 44 replies
    New York Slimes ^ | September 14, 2018 | David Leonhardt
    Ten years after the collapse of Lehman Brothers, the official economic statistics — the ones that fill news stories, television shows and presidential tweets — say that the American economy is fully recovered. The unemployment rate is lower than it was before the financial crisis began. The stock market has soared. The total combined output of the American economy, also known as gross domestic product, has risen 20 percent since Lehman collapsed. The crisis is over. But, of course, it isn’t over. The financial crisis remains the most influential event of the 21st century. It left millions of people —...