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Keyword: ecomony

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  • Sweden had one of the most relaxed COVID-19 lockdowns in the world. There's growing evidence that it helped it weather 2020's economic storm better than anywhere else.

    07/21/2020 9:46:33 AM PDT · by ChicagoConservative27 · 49 replies
    businessinsider ^ | 07/21/2020 | Shalini Nagarajan
    Throughout the coronavirus pandemic, Sweden has drawn international attention for its unorthodox approach to managing the virus' spread. The Nordic state didn't impose strict lockdown measures, instead asking citizens to stay home if they were sick and to practice social distancing in public. Bars, restaurants, and shops stayed open, even when cases peaked in the country. Its relaxed coronavirus strategy, relying on personal responsibility and willful obedience, has been both praised and criticized. And while the jury is still out on the effectiveness of the country's public-health approach, there is growing evidence that, economically speaking, the loose rules seem to...
  • Remarks by President Trump at the Economic Club of New York | New York, NY (interesting, detailed)

    11/12/2019 4:46:05 PM PST · by ransomnote · 10 replies ^ | President Donald Trump
    New York Hilton Midtown New York, New York 12:09 P.M. EST THE PRESIDENT: Well, thank you very much, Barbara. So sad that this is live. She said it’s live. (Laughter.) It’s always live. There’s always somebody with a phone. It becomes live. Ask a lot of politicians that are no longer in politics. I want to thank Marie-Josée Kravis for your incredible leadership of the club. It’s an honor to be here. It is wonderful also to be back in New York with so many friends and distinguished leaders in business, in finance, academia, and, I have to add, in...
  • Retirement: When a public pension isn't enough

    01/21/2016 7:10:34 AM PST · by redreno · 8 replies ^ | 01/20/2016 | By Sandra Block and Kiplinger's Personal Finance
    Although the vast majority of public employees are covered by defined-benefit pension plans, many may need to supplement their pension checks to ensure a comfortable retirement. Teachers, for example, can enhance their retirement security by contributing to a 403(b) plan, a tax-deferred savings plan that's similar to a 401(k). Unfortunately, many 403(b) plans are vastly inferior to their private-sector counterparts as far as investment choices are concerned; primary offerings are usually products such as equity-indexed annuities, which often carry high fees and offer limited market returns
  • Financed by American Tax Dollars, the OECD Endorses Obama’s Statist Agenda for the U.S. Economy

    09/04/2014 7:28:17 AM PDT · by Kaslin · 1 replies ^ | September 4, 2014 | Daniel J. Mitchell
    I hate to sound like a broken record, but the Organization for Economic Cooperation and Development (OECD) is once again pushing for bigger and more intrusive in the United States. The international bureaucracy’s “Economic Survey” of the United States reads like it was produced by some interns at the Democratic National Committee.Since the OECD is based in Paris, I suppose it’s not very surprising that it has a statist agenda. But it’s still offensive because American taxpayers finance the biggest portion of the bureaucracy’s budget.In other words, I’m subsidizing the people who are interfering with America’s domestic policy in hopes...
  • Airbus factory in Mobile could mean more jobs for South Mississippians

    04/09/2013 2:58:52 AM PDT · by Islander7 · 8 replies
    Sun Herald ^ | April 8, 2013 | Staff and wire reports
    Airbus is beginning construction on a new assembly plant in Mobile that could mean jobs for South Mississippi residents. The groundbreaking ceremony was held Monday morning at the 1,650-acre Brookley Aeroplex industrial park, site for the new plant. The $600 million factory is expected to employ 1,000 people once production of the Airbus A320 jet begins around 2015.
  • Vegas Employer: Obama Won–So I Fired 22 Employees

    11/08/2012 6:12:59 AM PST · by Freeport · 198 replies
    KXNT Las Vagas ^ | November 7, 2012 | N/A
    LAS VEGAS (CBS Las Vegas) — A Las Vegas business owner with 114 employees fired 22 workers today, apparently as a direct result of President Obama’s re-election. “David” (he asked to remain anonymous for obvious reasons) told Host Kevin Wall on 100.5 KXNT that “elections have consequences” and that “at the end of the day, I need to survive.” Here’s an excerpt from the interview. Click the audio tab below to hear even more from this compelling conversation: . . . I’m just one guy with 114 employees — well was 114 employees — watch what happens in the next...
  • Lenders Get Even More Strict With Borrowers

    10/02/2012 11:21:45 AM PDT · by illiac · 37 replies
    RealtorMag ^ | 10/2/12 | RealtorMag
    Mortgage rates continue to hit new lows, but the ultra-low rates are out of reach for many would-be borrowers who can’t meet strict underwriting standards. And new national data suggests that underwriting standards for getting a loan are getting even stricter, too. FICO credit scores on all new loans closed in August averaged 750. That is nine points higher than one year ago, according to a survey of about 2 million mortgages by Ellie Mae Inc., a mortgage technology firm used by many lenders. For home owners who refinanced in August, the average FICO score was 769—even higher—at Fannie Mae...
  • The Worst Economic Recovery Since The Great Depression

    01/12/2012 5:40:12 PM PST · by matt04 · 22 replies
    The record of President Obama’s first three years in office is in, and nothing that happens now can go back and change that. What that record shows is that President Obama, with his throwback, old-fashioned, 1970s Keynesian economics, has put America through the worst recovery from a recession since the Great Depression. The recession started in December, 2007. Go to the website of the National Bureau of Economic Research ( to see the complete history of America’s recessions. What that history reveals is that before this last recession, since the Great Depression recessions in America have lasted an average of...
  • Evidence Of A Downtrend In The US Stock Market

    11/14/2011 11:02:02 AM PST · by blam · 3 replies
    The Daily Reckoning ^ | 11-14-2011 | Bill Bonner
    Evidence Of A Downtrend In The US Stock Market By Bill Bonner 11/14/11 Paris, France – What happened on Friday? A “moment of truth” arrived for Europe. But what is the truth? We’ll have to wait to find out. The Dow rose 259 points. Gold was up $28. But who cares? Up, down…up, down… Every day brings more ‘truth.’ But what we want is a truth with legs. We’re not day traders. Not week traders. Not even year traders. We want a long, sure…mega trend. We want the Dow at 900 in 1983. Or gold at 260 in 1998. What...
  • Postal Service proposes cutting 120,000 jobs, pulling out of health-care plan

    08/12/2011 2:14:49 AM PDT · by Islander7 · 15 replies
    WaPo ^ | August 12, 2011 | By Joe Davidson
    SEATTLE — The financially strapped U.S. Postal Service is proposing to cut its workforce by 20 percent and to withdraw from the federal health and retirement plans because it believes it could provide benefits at a lower cost. The layoffs would be achieved in part by breaking labor agreements, a proposal that drew swift fire from postal unions. The plan would require congressional approval but, if successful, could be precedent-setting, with possible ripple effects throughout government. It would also deliver a major blow to the nation’s labor movement. In a notice informing employees of its proposals — with the headline...
  • Sam Zell is on a roll on CNBC !!!

    03/03/2011 4:56:36 AM PST · by Daisyjane69 · 61 replies
    CNBC ^ | 3/3/11 | Squawk Box
    Here's something he said earlier: The topic (in advance of today's phony unemployment numbers) was how to get companies to hire workers. Lots of back & forth. But here is the kicker: Zell mentions that while Obamacare was about to come up for the final, miserable vote he went to Capitol Hill to "lobby" a couple of lawmakers. Reminding them that this kind of bill with so much uncertainty built into it, was guaranteed to put a chill on employment. Here is the exchange he relayed to the host. Zell to lawmaker: This bill gives only 6 years of services,...
  • Asia-U.S. Shipper Readies Huge Fleet Expansion After Reporting 37% Higher Volumes

    03/29/2010 3:24:11 PM PDT · by blam · 3 replies · 330+ views
    The Business Insider ^ | 3-29-2010 | Vincent Fernando, CFA
    Asia-U.S. Shipper Readies Huge Fleet Expansion After Reporting 37% Higher Volumes Vincent Fernando, CFA Mar. 29, 2010, 10:28 AM Neptune Orient Lines, owner of the formerly U.S.-owned APL container shipping company, just reported a sharp 37% jump in container trade volume for February, crediting strength in both Intra-Asia and U.S. - Asia (Transpacific) demand. (Note that higher volume can come from APL taking share, total trade growth will be lower.) The charts below are from NOL's release.[snip]
  • ‘Stay Union-Free’ Pushed by Target, Michaels as Obama Law Looms

    12/29/2009 7:15:47 AM PST · by Def Conservative · 13 replies · 694+ views
    Target Corp. retooled a training video to warn workers against a bill that would make union organizing easier. Michaels Stores Inc. told investors “our businesses could be impacted” by the measure. Enrollment in Jackson Lewis LLP’s “How to Stay Union-Free” seminars tripled. Companies are rallying to fend off a so-called card-check law sought by labor leaders and backed by President Barack Obama. While the bill stalled in Congress this year as health- care legislation dominated debate, anti-union groups say they expect the president and Democrats to deliver next year on a compromise version of the legislation. “As we approach the...
  • Shoppers spent less over Black Friday weekend

    11/29/2009 1:38:14 PM PST · by Baladas · 47 replies · 1,817+ views
    Reuters ^ | Nov 29, 2009 | Nicole Maestri
    SAN FRANCISCO (Reuters) - American consumers shopped more for bargains at the start of the U.S. holiday season and spent significantly less than a year ago, according to early data released on Sunday. Consumers said they will have spent nearly 8 percent less on average, or about $343 per person, over the weekend that includes Thanksgiving Day, Black Friday and runs through Sunday, according to the National Retail Federation. While traffic to stores and retail websites rose to 195 million people from 172 million in 2008, the early data this weekend represents a worrisome sign for retailers, who had braced...
  • Nancy Pelosi Schedules Household Energy Tax Vote this Week! (URGENT-TIME TO LET YOUR VOICE BE HEARD)

    06/24/2009 4:43:21 PM PDT · by blueyon · 48 replies · 3,407+ views
    Eagleforum ^ | June 23, 2009 | Action alert
    Late last night, during yet another closed-door meeting in the House of Representatives, the liberal Majority maneuvered to bring the highly unpopular 946-page energy-rationing bill, better known as the Waxman-Markey cap-and-tax bill, to the House floor for a vote by the end of this week! Sponsored by Rep. Henry Waxman (D-CA) and Rep. Edward Markey (D-MA), the American Clean Energy and Security Act of 2009, H.R. 2454 imposes a system of "cap-and-tax" in order to combat so-called "global warming." This massive, across-the-board household energy tax is being disguised by congressional liberals and is being sold under the slogan "cap-and-trade," which...
  • EARTH HOUR 8:30PM - (YOUR 15 mins. until lights on reminder)

    03/28/2009 5:15:11 PM PDT · by blueyon · 109 replies · 2,216+ views
    This is your reminder to LIGHT UP your home, car, deck light anything that will let you love shine in protest to...This year’s Earth Hour, which happens on March 28, Saturday, 8:30 p.m., aims to gather 1 billion “votes” for Earth, which will be presented to the world leaders at the Global Climate Change Conference in Copenhagen. The meeting will determine policies on global warming that will replace the Kyoto Protocol.
  • The patient is in cardiac arrest. We need "the paddles" not advice on how he should lose weight.

    03/10/2009 5:05:05 AM PDT · by moneyrunner · 2 replies · 226+ views
    The Virginian ^ | 3/10/2009 | Moneyrunner
    Diogenes, Put Down That Lamp. We May Have Found An Honest Man – On Friday, the Kansas City Fed’s Hoenig gave a speech in Omaha, Nebraska. In the speech (which was mostly about the "too big to fail" debate), President Hoenig appeared to join into a perception that permeates the trading floors. That thesis is that, despite the presumed best of intentions, government rescue efforts have been far too “ad hoc” and neither comprehensive nor cohesive. That is the perception that relates to the actions of both the prior and current Administration. After outlining the series of actions both by...
  • CNBC-Dow Drops Below 6,900 as AIG Rattles Market (6831 NOW!)

    03/02/2009 9:03:40 AM PST · by tcrlaf · 130 replies · 3,363+ views
    CNBC ^ | 3-2-09 | CNBC
    The Dow Jones Industrial Average hit its lowest level in 12 years, slipping below 7,000, and then 6,900, as investors grew increasingly skittish over the state of the stock market amid the wave of government bailouts. The Dow Jones Industrial Average dropped more than 200 points, or nearly 3 percent. The S&P 500 continued its descent toward 700, while the Nasdaq dropped below 1,350. The Nasdaq suffered the least of the three major indexes as Intel and Dish Network provided a few glimmers of hope amid the wreckage. Major U.S. Indexes.DJIA6827.57-235.36-3.33%946,324,000.NCOMP1336.68-41.16-2.99%318,253,300.SPX707.24-27.85-3.79%2,318,764,800 And, while some investors thought the selling was coming...
  • Stunned Icelanders Struggle After Economy's Fall

    11/09/2008 2:36:37 PM PST · by brydic1 · 41 replies · 6,632+ views
    New York Times ^ | Sarah Lyall
    The collapse came so fast it seemed unreal, impossible. One woman here compared it to being hit by a train. Another said she felt as if she were watching it through a window. Another said, “It feels like you’ve been put in a prison, and you don’t know what you did wrong.”
  • If the American Trucker Fails, So Will the Nation

    03/26/2008 7:37:44 AM PDT · by captjanaway · 36 replies · 1,091+ views
    Family Security Matters ^ | 3/26/08 | Mark R. Taylor
    The Fed is bailing out banks that irresponsibly loaned money to home buyers (that the home buyers could not afford to pay back). Meanwhile, many Americans are blithely waiting for their IRS “rebate” checks – a feel-good, election year tactic to “stimulate the economy.” Yet the United States is facing a different – and serious – economic crisis. If this crisis is left unchecked, it could leave grocery stores with empty shelves and the local mall with fewer gadgets and gizmos. In 1987, I purchased my first truck for $50,000 and my first trailer for $9,000. Fuel was 67 cents...