Keyword: economy

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  • Colorado Dominates Top 150 Ancillary Cannabis Companies

    09/22/2017 11:44:13 PM PDT · by 2ndDivisionVet · 7 replies
    Denver's Westword ^ | September 22, 2017 | Thomas Mitchell
    Legalizing cannabis doesn't just create jobs involving cultivation of the plant; it also creates businesses that aid those cultivations, infused-product manufacturers and dispensaries. Ancillary businesses to the cannabis industry can be in anything from extraction technology to industry consulting, with many, many things in between. Ancillary businesses represent the largest and broadest sector of the cannabis industry, according to multiple industry reports, and many of the top companies are based in Colorado. Of the top 150 ancillary cannabis businesses on a recent list from Cannabis Business Executive, 41 are headquartered in Colorado. By comparison, California had 35 on the list,...
  • International Trade Commission finds injury in solar industry dispute

    09/22/2017 9:01:58 PM PDT · by familyop · 1 replies
    UPI, United Press International ^ | Sept. 22, 2017 | Brooks Hays
    Sept. 22 (UPI) -- The International Trade Commission has found injury in a suit filed by Suniva and SolarWorld, a pair of struggling, foreign-owned, U.S.-based solar cell companies who claim foreign imports have unfairly harmed their bottom lines. ITC judges voted four to zero to advance the suit into the remedy phase. While it's not yet clear what the commission will recommend, the two companies have requested a tariff of 40 cents per watt for foreign-made solar cells, as well as a price floor for solar cells manufactured in the United States. Such a remedy, should it be granted by...
  • Mercedes to launch electric vehicle production in $1B Alabama project

    09/22/2017 5:58:23 PM PDT · by Micro aggressor · 7 replies
    Alabama Newscenter ^ | September 21, 2017 | Jerry Underwood
    Mercedes-Benz announced plans today to invest an additional $1 billion in its Alabama operation, where it will set up electric vehicle production and build a battery plant. In addition, the German automaker will expand its logistics activities in the U.S. with a new Global Logistics Center and a new after-sales North American parts hub to be built in nearby Bibb County. Altogether, Mercedes’ new investment in Alabama is expected to create more than 600 jobs and upgrade a plant that the company already describes as one of the world’s “smartest” manufacturing facilities.(Excerpt) Read more at Alabama Newscenter
  • S&P says downgraded China as credit growth still too fast

    09/22/2017 3:58:28 AM PDT · by TigerLikesRooster · 1 replies
    Reuters ^ | 2017/09/22 | Elias Glenn, Yawen Chen
    S&P says downgraded China as credit growth still too fast BEIJING (Reuters) - China’s attempts to reduce risks from its rapid buildup in debt are not working as quickly as expected and credit growth is still too fast, S&P Global Ratings said on Friday, a day after it downgraded the country’s sovereign credit rating. While S&P warned in June that a cut may be on the cards, it said it decided to make the call after concluding that China’s “de-risking” drive that started early this year was having less of an impact on credit growth than initially expected. “Despite the...
  • 3 Priorities to Guide Tax Reform

    09/21/2017 9:02:56 AM PDT · by Kaslin · 7 replies ^ | September 21, 2017 | Veronique de Rugy
    Congress is finally tackling the tax code, which is good news because reform is badly needed. Our outdated code is complicated by thousands of credits, deductions, and exemptions to individual and corporate interests -- and it imposes high rates that inhibit economic growth. However, as we've seen with the failed efforts to repeal and replace Obamacare, getting a consensus among Republican members is easier said than done. It should boil down to three priorities. First, though overhauling the whole tax code would be great, if the goal is economic growth, reforming the corporate side is the most pressing priority. Everyone...
  • The 10 industries with the fastest job growth

    09/21/2017 5:01:34 AM PDT · by 11th_VA · 14 replies ^ | Sept 21, 2017
    These industries are growing at rates between two and thirteen times the national average. ... Despite slower than expected growth nationally, certain industry sectors are faring far better than the average. To figure out which industries are growing the fastest, analysts at business research firm LimeLeads used the most recent BLS report to calculate growth rates for every industry. From healthcare services to mining, the industries below are growing at rates between two and thirteen times the national average.... 10. Ambulatory health care services 9. Warehousing and storage 8. Administrative and support services 7. Miscellaneous nondurable goods manufacturing 6. Residential...
  • The Federal Reserve is setting America up for economic disaster

    09/19/2017 7:24:05 PM PDT · by Tolerance Sucks Rocks · 75 replies
    The Hill ^ | September 18, 2017 | Armstrong Williams
    I recently had the opportunity to read "The Creature from Jekyll Island" by G. Edward Griffin, a prodigious tome dealing with the circumstances surrounding the creation of the U.S. Federal Reserve System. I was taken aback by some of its provocative assertions. America joined World War I largely to help a few bankers profit off the war (despite a long-standing Monroe doctrine that prohibited our involvement in European affairs) The Bolshevik Revolution of 1917 was supported by international financial interests in order to destabilize Russia and steal the wealth of the Russian people; and So-called "foreign aid" is merely a...
  • Buffett calls pessimists about United States 'out of their mind'

    09/20/2017 12:45:11 AM PDT · by No One Special · 9 replies
    Reuters ^ | September 19, 2017 | Jonathan Stempel
    NEW YORK (Reuters) - Uncertainty about how the United States will cope with growing tumult in the world has not dampened Warren Buffett’s optimism for the country’s prospects over the long term -- even 100 years into the future. “Whenever I hear people talk pessimistically about this country, I think they’re out of their mind,” Buffett, the chairman of Berkshire Hathaway Inc (BRKa.N), said on Tuesday night. [...] “It has been 241 years since Thomas Jefferson wrote the Declaration of Independence,” he said. “Being short America has been a loser’s game. I predict to you it will continue to be...
  • The day that destroyed the working class and sowed the seeds of Trump

    09/19/2017 8:06:04 PM PDT · by MilesVeritatis · 185 replies
    New York Post ^ | September 16, 2017 | Salena Zito
    CAMPBELL, Ohio — Forty years ago, on Sept. 19, thousands of men walked into the Campbell Works of Youngstown Sheet and Tube along the Mahoning River before the early shift. Like every fall morning, they were armed with lunch pails and hard hats; the only worry on their minds was the upcoming Pittsburgh Steelers game on “Monday Night Football.” The only arguing you heard was whether quarterback Terry Bradshaw had fully recovered from the dramatic hit he took from a Cleveland Browns player the season before. It was just before 7 a.m., and the fog that had settled over the...
  • The Awful Future that Looms for a Majority of Today’s Americans

    09/20/2017 4:54:19 AM PDT · by Kaslin · 23 replies
    American ^ | September 20, 2017 | Steve McCann
    When it comes to the future, an overwhelming majority of Americans have adopted a mindset that is a variation of Isiah 22:12: “Let us eat, drink and be merry for tomorrow does not matter.” Recently, federal debt surpassed the $20 Trillion mark (additional state and local debt amount to another $2.9 Trillion). That milestone was greeted by the Ruling Class and a vast preponderance of the citizenry with a yawn and a shrug of the shoulder. As the ongoing determination to promote new entitlement spending and the refusal to rein in, but instead to expand, existing programs continues unabated. Any...
  • Mid-size city might win Amazon's contest

    09/19/2017 7:14:46 PM PDT · by 2ndDivisionVet · 59 replies
    The Post and Courier ^ | September 18, 2017 | Noah Smith, Bloomberg View columnist.
    The competition to host HQ2, as Amazon’s planned second headquarters is called, has captivated the nation. The lucky city can expect an economic bonanza: 50,000 jobs, plus the tech ecosystem that the online retail giant’s presence will inevitably attract. But the winner doesn’t have to be a big metropolis. On the contrary, Amazon has the power to create an entirely new American technology hub. In a recent piece, Bloomberg View columnist Conor Sen discusses some of the factors that will (or should) influence Amazon’s decision. These include an educated workforce, an airport, tax incentives, and — perhaps most importantly —...
  • Trump Turnaround Puts New Tax-Cut Writing on the Wall

    09/16/2017 10:45:00 AM PDT · by Kaslin · 44 replies ^ | September 16, 2017 | Larry Kudlow
    Financial markets and most media pundits are missing the new writing on the wall. For a variety of reasons surrounding shrewd moves by President Trump, the chances for significant tax cuts in the next ten weeks have risen sharply. Since the Charlottesville blow-up in mid August, when the president’s fortunes were at low ebb -- and I’ll repeat my view that there’s not a white-supremacist, racist, hateful bone in Trump’s body -- we’ve witnessed a dramatic executive turnaround. Trump beautifully handled the hurricane emergencies. His bipartisan political pivot to “Charlie and Nancy” to keep the government open and raise...
  • Toys 'R' Us preparing for possible bankruptcy filing - sources

    09/16/2017 6:13:48 AM PDT · by Zakeet · 46 replies
    Reuters ^ | September 16, 2017 | Jessica DiNapoli
    Toys 'R' Us is working to put together a loan to fund its operations in a potential bankruptcy filing that could come before the holiday sales season, according to people familiar with the matter. [Snip] The retailer had already said it was working with an investment bank to assess options for about $400 million in debt that comes due next year. Buyout firms KKR & Co LP and Bain Capital LP, together with real estate investment trust Vornado Realty Trust, took Toys 'R' Us private for $6.6 billion in 2005. The deal saddled the company with debt, limiting its ability...
  • Changing America’s Trajectory Could be as Simple as Tax Reform

    09/15/2017 3:41:53 PM PDT · by Kaslin · 35 replies ^ | September 15, 2017 | Dan Celia
    In these days of controversy and political wrangling, we seem to forget that America’s woes from an economic standpoint stem from eight straight years of GDP growth hovering around an average of 2.1 percent. Yes, the United States’ economy is still the largest in the world, but when we look at the past two decades, America’s growth rate has dropped dramatically. In the 1950s and ’60s, the average growth rate was about 4 percent. In the ’70s and ’80s, that dropped to around 3 percent. In the past ten years, it’s been around 2 percent. Since the second quarter...
  • Cultural Innovation District To Bloom Below Interstate 10

    09/14/2017 8:14:23 AM PDT · by Tolerance Sucks Rocks · 8 replies
    progrss ^ | September 10, 2017 | progrss Newsroom
    People in New Orleans, Louisiana, have been voicing their discontent about the intrusion of the Interstate 10, or I-10, Freeway in their lives ever since it was completed in 1990. After years of debating and studying, they are ready to repair the damage it has caused with what they are calling a Cultural Innovation District. The community will not remove the Interstate since the city cannot afford it, and in the end, the cost of removing it wouldn’t measure up to its value, according to studies conducted. As a result, the city and designers decided to meet halfway and resurrect...
  • U.S. Investor Optimism Rises Again, Hits 17-Year High

    09/13/2017 12:49:17 PM PDT · by SeekAndFind · 6 replies
    Gallup ^ | 09/13/2017 | Jim Norman
    Index rises to +138, highest since +147 in September 2000Hike is latest in 98-point rise since February 201668% optimistic about stock market -- tied for highest percentage on record WASHINGTON, D.C. -- A new surge of optimism among U.S. investors has pushed the Wells Fargo/Gallup Investor and Retirement Optimism Index to its highest level since September 2000. The index, after rising in every quarter since the start of 2016, leveled off in the second quarter at +124 before rising to its current +138 in the third quarter. The latest boost in optimism pushes the index almost 100 points higher...
  • Why the Democrats Oppose Economic Freedom

    09/13/2017 8:52:46 AM PDT · by Kaslin · 11 replies
    American ^ | September 13, 2017 | E. Jeffrey Ludwig
    The seeds of the modern bureaucratic or administrative state go back to the Progressive Era of American history in the early 20th century. But progressive regulation morphed into the hyper-control of our present federal government during the New Deal. Modern students, whose history education has been directed by teachers who “accept” the reality of a federal leviathan, are often unaware of the fact that before 1916 there was no income tax in the United States, and that federal revenues were primarily through import duties. The income tax was justified by the need to support the ever-expanding regulatory environment being promoted...
  • Beware the Broken Window Fallacy: Some Economists Still Think Disasters are Good for the Economy

    09/12/2017 10:33:07 AM PDT · by SeekAndFind · 73 replies
    Foundation for Economic Education ^ | 09/12/2017 | Jeff Jacoby
    On Friday morning, with Hurricane Irma having wrecked the islands of Saint Martin and Barbuda, CNBC published a story cheerily laying out the silver lining embedded in the tropical disasters: Hurricanes Harvey and Irma actually will lead to increased economic activity over the long run, New York Fed President William Dudley said in an interview.Speaking just as Irma is about to start battering Florida as a Category 4 storm, Dudley said the initial impact in both human and economic costs will be harmful. But in the long run, economies tend to snap back from such major events."Those effects tend...
  • Face It: The Trump Boom Is Here

    09/12/2017 8:01:06 AM PDT · by SeekAndFind · 23 replies
    Townhall ^ | 09/12/2017 | Stephen Moore
    Has anyone noticed -- through the fog of Russia, James Comey, Charlottesville and now two monster hurricanes -- that the U.S. economy is booming faster than it has since the late Clinton years?It is undeniable. In the last year of the Obama administration, the economy was decelerating, with a dismal 1.6 percent growth rate. The economy revved up to a 3 percent growth rate in the second quarter this year. And some recent estimates for third-quarter GDP indicate even brisker growth, around 3.4 percent.It's easy to read too much into short-term trends, and, yes, they can turn on a dime....
  • Sawant: Homeless ‘explosion' in Seattle happened as Amazon gobbled up prime real estate

    09/11/2017 6:36:41 PM PDT · by 2ndDivisionVet · 34 replies
    KIRO-TV ^ | September 7, 2017 | Staff
    SEATTLE - Amazon's announcement Thursday that it's looking to base a second headquarters in new North American location garnered quick reaction from leaders across the state. While the company said that it plans to keep its Seattle space, it will spend more than $5 billion to build another "full equal" headquarters that will house as many as 50,000 employees. Cities and states have a month to apply, and the company will make a final decision next year. Seattle Mayor Ed Murray speaks at a news conference at City Hall Wednesday, June 14, 2017, in Seattle. (AP Photo/Elaine Thompson) Kshama Sawant:...