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Keyword: economic

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  • Flashback: Obama’s Summit Just a PR Show

    01/28/2017 9:02:20 AM PST · by Son House · 12 replies
    Rushlimbaugh.com ^ | Dec 3, 2009 | Rush Limbaugh
    Here's something really laughable. At the top of the hour I'm sitting here and I'm looking at the television. I was in Snerdley's office looking at television and I was watching MSNBC, and they're talking to the governor who was the architect of the highest unemployment rate in the country: Jennifer Granholm in Michigan. The Michigan unemployment rate is 15.1% (probably a little higher than that, even, if you count the U6, people that have given up looking). Now, what is the architect of the largest, highest unemployment state in the country doing at that jobs summit? What in the...
  • Trump team working on ‘biggest tax changes since Reagan,’ says economic adviser

    11/15/2016 8:18:22 AM PST · by GonzoII · 14 replies
    Washington Times ^ | Nov. 15, 2016 | S.A. Miller
    An economic adviser of President-elect Donald Trump said Tuesday that the transition team was working on plans for a tax code overhaul that would be “the biggest tax changes since Reagan.” Steven Mnuchin, a former Goldman Sachs banker who is considered a leading candidate for Treasury secretary in the Trump administration, told reporters at Trump Tower in New York that the team was hard at work on an economic plan. “We’re working on the economic plan with the transition, making sure we get the biggest tax bill passed, the biggest tax changes since Reagan, so a lot of exciting things...
  • Trump Triumph to Dream the Impossible Dream

    11/05/2016 11:28:24 AM PDT · by Sean_Anthony · 3 replies
    CANADA FREE PRESS ^ | 11/05/16 | Dr. Robert Owens
    From a rigged economic system to a rigged political system our once proud Republic has devolved to a dysfunctional oligarchy masquerading as a functional democracy According to Albert Einstein, “Insanity is doing the same thing over and over and expecting different results.” If We the People want to restore the Republic we will have to rise above the shop worn politics presented by the two-headed party of power and as described by the Corporations Once Known as the Mainstream Media.
  • Restructuring America's Economic Mobility

    10/16/2016 5:14:15 PM PDT · by Chickensoup · 26 replies
    Imprimis ^ | 10.06.16 | Frank Buckley
    The following is adapted from a speech delivered on July 11, 2016, at Hillsdale College’s Allan P. Kirby, Jr. Center for Constitutional Studies and Citizenship in Washington, D.C., as part of the AWC Family Foundation Lecture Series. In the Communist Manifesto, Marx and Engels wrote that “the history of all hitherto existing societies is the history of class struggles.” Today the story of American politics is the story of class struggles. It wasn’t supposed to be that way. We didn’t think we were divided into different classes. Neither did Marx. America was an exception to Marx’s theory of social progress....
  • Governor Orders a State Economic 20 Year Plan

    08/23/2016 8:21:16 AM PDT · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 8/22/2016 | Tom Gantert
    Gov. Rick Snyder has issued an executive order that some economic experts fear repeats a mistake made by the previous administration — trying to plan the state’s long-term economic future. While the executive order aims for long-term goals, they caution that officials have been unable to foresee much more immediate events about which they had a good deal of information. The executive order was filed in June with the Secretary of State and calls for a commission to recommend a “comprehensive economic vision” for Michigan for the next 20 years. The order asks for “long-term economic development tools” and strategies...
  • LIVE Stream: Donald Trump Delivers Remarks in Detroit, MI 8/8/16

    08/08/2016 7:06:26 AM PDT · by Enlightened1 · 17 replies
    Monday, August 8, 2016: Donald J. Trump will deliver remarks at the Cobo Center. Live stream coverage begins at 11:45 AM ET. LIVE Stream: Donald Trump Delivers Remarks in Detroit, MI 8/8/16https://www.youtube.com/watch?v=YHGnr7dPRU8  
  • Meet Your New Co-worker: The Robot

    05/27/2016 3:39:02 PM PDT · by nickcarraway · 24 replies
    Voice of America ^ | May 27, 2016 | Tina Trinh
    At the RoboUniverse expo in New York City, robots of all shapes and sizes were being put to work. Companies showed off automated machines designed to perform tasks that many humans would consider less than desirable. “There are certain tasks in our society… that will stay on and not be attractive for humans to do. And we cannot get rid of them if we want to live our lives in the usual fashion,” said Preben Hjørnet, founder and CEO of robotics startup Blue Workforce. “Robots have no conscience, no self-awareness, so they’ll never be social,” Hjørnet added, “But they don’t...
  • Obama Blames Republicans For Slow Economic Recovery

    03/04/2016 4:13:43 PM PST · by Nachum · 38 replies
    daily caller ^ | 3/4/16 | Connor D. Wolf
    President Barack Obama responded to reports of slow job growth Friday by blaming Republicans who have opposed parts of his economic agenda. The Bureau of Labor Statistics (BLS) report found the economy added 242,000 new jobs in February. The latest number highlights a long-running trend of slow, yet positive, economic growth. Obama credits the growth to his agenda but its slowness to Republicans for their opposition to his plan. “The plans that we have put in place to grow the economy have worked,” the president declared in the Oval Office. “They would work even faster if we did not have...
  • Trump Tax Plan Will Bring Tremendous Movement of Capital and Labor Back to United States

    03/04/2016 1:33:47 PM PST · by detective · 10 replies
    Breitbart ^ | 4 Mar 2016 | John Hayward
    Economist, radio host, and CNBC senior contributor Larry Kudlow appeared on Breitbart News Daily Friday morning to discuss economic issues in the presidential race, including his support for Donald Trump’s economic platform, with some disagreement about the best way to handle unfair Chinese trade practices.
  • Kudlow:Trump Tax Plan Will Bring Tremendous Movement of Capital and Labor Back to the United States

    03/04/2016 8:03:54 AM PST · by RoosterRedux · 110 replies
    breitbart.com ^ | John Hayward
    Economist, radio host, and CNBC senior contributor Larry Kudlow appeared on Breitbart News Daily Friday morning to discuss economic issues in the presidential race, including his support for Donald Trump’s economic platform, with some disagreement about the best way to handle unfair Chinese trade practices. Breitbart News executive chairman and host Stephen K. Bannon asked Kudlow to comment on the rise of “populist, nationalist” economics, as personified by Trump and his supporter Alabama Sen. Jeff Sessions (R-AL), and the challenge this movement presents to free-trade orthodoxy, which Bannon described as a “fetish” in certain intellectual quarters.. “Well, I may be...
  • For 2017 French presidentials, economic liberalism is in vogue

    02/24/2016 10:44:38 PM PST · by Citizen Zed · 5 replies
    Reuters ^ | 2-25-2016 | Ingrid Melander
    Lower taxes, fewer labor rules, less state: in a country famed for its attachment to a protective social model, economic liberalism is the surprise trend among aspirants for France's 2017 presidential election. For decades, the French center-right eschewed the free market policies of Margaret Thatcher, sticking to the tradition of a strong dirigiste state and a generous public health and welfare system funded by high taxes. Now a neoliberal economic platform is the one issue on which a growing field of candidates for the center-right Republicans' primary planned in November all agree. This ideological shift is not confined to the...
  • Questions grow over banks as profit warnings pile up

    02/11/2016 6:18:56 PM PST · by SkyPilot · 8 replies
    The Associated Press ^ | 11 Feb 16 | GREG KELLER
    PARIS (AP) -- Questions are growing over the financial health of banks, particularly in Europe and the U.S., as they face a toxic mix of low economic growth, bad loans and squeezed earnings. France's Societe Generale became Thursday the latest bank to issue a confidence-shattering profit warning, which helped trigger a new sell-off in financial stocks. The bank saw its share price stumble 12 percent and major rivals like Deutsche Bank and UniCredit saw losses of nearly 10 percent. European banks are not the only ones to suffer. Japanese bank Mitsubishi Financial fell 7 percent on Thursday. In the U.S.,...
  • A key US economic indicator is on an ugly streak that has never occurred outside a recession

    01/19/2016 1:44:56 PM PST · by Nachum · 26 replies
    Yahoo ^ | 1/19/16 | Bob Bryan
    There has been increasing focus on the US economy's probability of heading into a recession. According to John Hussman of Hussman Funds, it's not just probable; it's nearly guaranteed. "Since October, the economic evidence has shifted from supporting a growing risk of recession, to a guarded expectation of recession, to the present conclusion that a US recession is not only a risk but an imminent likelihood, awaiting confirmation that typically only emerges after a recession is actually in progress," Hussman said in a post Monday. His key piece of evidence stems from Friday's US report on industrial production. The data...
  • French president declares economic emergency

    01/18/2016 5:50:44 AM PST · by Enlightened1 · 20 replies
    PARIS (AP) -- French President Francois Hollande pledged Monday to redefine France's business model and declared what he called "a state of economic and social emergency," unveiling a 2-billion-euro ($2.2 billion) plan to revive hiring and catch up with a fast-moving world economy. The measures he proposed, however, are relatively modest, and he said they would not "put into question" the 35-hour workweek. With his country under a state of emergency since extremist attacks in November, Hollande did not seek to assume any new emergency powers over the economy. In an annual speech to business leaders, Hollande laid out plans...
  • U.S. drops to 16th on 'economic freedom' list, behind Canada, Chile

    09/14/2015 5:42:47 AM PDT · by Enlightened1 · 4 replies
    Washington Examiner ^ | 09/14/15 | Paul Bedard
    The United States, ranked second in worldwide economic freedom as recently as 2000, has plummeted to 16th, according to the a new report of world economies. The Fraser Institute's annual report, Economic Freedom of the World, showed that the country's drop started in 2010, the second year of the Obama administration. The world-recognized report showed that the U.S. fell in several areas, including legal and property rights and regulation. "The United States, once considered a bastion of economic freedom, now ranks 16th in the world after being as high as second in 2000," said the report issued Monday morning. The...
  • Foreign companies around Tianjin blast suspend operations

    08/17/2015 9:18:47 AM PDT · by wtd · 6 replies
    NewsTimes ^ | 11:45 am, Monday, August 17, 2015 | ERIKA KINETZ
    Foreign companies around Tianjin blast suspend operationsSHANGHAI (AP) — Foreign companies have suspended operations around the Tianjin port as officials scramble to contain the toxic fallout of last week's deadly chemical explosions, which dealt a blow to northern China's emerging economic hub. Toyota said over half its China production capacity would be offline at least through Wednesday. The company has operations near the blast evacuation zone and said Monday that it had suspended three production lines, which can produce 530,000 vehicles a year. Thousands of Volkswagen, Toyota, Hyundai and Renault cars, mostly pricey imports, parked on lots near the...
  • China and Russia Lay Foundation for Massive Economic Cooperation

    07/11/2015 5:24:54 PM PDT · by Navy Patriot · 19 replies
    Foreign Policy (.com) ^ | July 10, 2015 | y Reid Standish
    In the past decade, Beijing and Moscow have been more competitors than partners. But that relationship may now be changing as Russian and Chinese leaders are considering combining their two countries’ regional economic projects — the Eurasian Economic Union and the Silk Road Economic Belt, respectively. While meeting at a two-day summit of the Shanghai Cooperation Organization in Ufa, Russia, Russian President Vladimir Putin and Chinese President Xi Jinping are reportedly discussing a framework that would merge China’s multi-billion dollar network of roads, railways, and pipelines through Central Asia with the Eurasian Union, the post-Soviet economic bloc that includes Armenia,...
  • How Much More Economic Pain Can Vladimir Putin Take?

    03/03/2015 12:52:13 AM PST · by elhombrelibre · 22 replies
    Yahoo ^ | 2 Feb 15 | Matthew Philips
    It’s been a little more than six months since the full brunt of Western sanctions took force against Russia. The punishment, while slow in coming, has proven devastatingly effective—especially when paired with the crash in oil prices.
  • Census workers manipulated economic data: new whistleblower

    10/22/2014 9:09:23 PM PDT · by Nachum · 8 replies
    New York Post ^ | 10/22/14 | John Crudel
    The city known as America’s story factory is making up Census data. In the latest allegation of The Post’s exclusive probe into fishy goings-on at the Census Bureau, a new whistleblower says workers in the Los Angeles region have been manipulating economic data. Contact information for the veteran Census worker — who reached out to me by e-mail recently and whom I interviewed by phone — has been turned over to congressional investigators who are looking into data falsification in other parts of the country. “Everybody knows falsification is going on,” the whistleblower told me, adding the malfeasance in the
  • Elizabeth Warren: Obama's economic team chose Wall Street over 'families'

    10/13/2014 11:01:04 AM PDT · by TangledUpInBlue · 34 replies
    CNN Money ^ | 10/13/14 | Melanie Hicken
    Senator Elizabeth Warren, always outspoken on the tension between Main Street and Wall Street, took shots Sunday at a system she said is "rigged" against the little guy. In an interview in Salon, Warren, who has said she doesn't plan to seek the 2016 presidential nomination, said fellow Democrats including President Obama have not done enough to help consumers. On President Obama: Warren praised Obama for the creation of the Consumer Financial Protection Bureau, a federal agency aimed at enforcing consumer protection laws. But she told Salon that "there has not been nearly enough change" in the wake of the...