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Keyword: economy

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  • Museveni: I love that man Trump (President of Uganda)

    04/23/2017 10:35:46 AM PDT · by 2ndDivisionVet · 2 replies
    Media Max Network ^ | April 23, 2017 | People Daily
    Ethiopia, Sunday -- Ugandan President Yoweri Museveni has urged African leaders to stop “ideological meandering”. Leaders, he said, should thoroughly discuss and distill positions which can help their people transform and develop using their natural resources. Museveni added that focus should be on home-based solutions and self-reliance. He said new US President Donald Trump’s “America First” policies will jolt Africans into the reality of their situation. “I love Trump. I love that man Trump because that man has told you that he is not your uncle. And I think it is good. For those Africans who feel orphaned, am sorry...
  • NYT: Trump Roars Again on Trade — a Victory for White House Economic Nationalists

    04/21/2017 10:54:16 PM PDT · by Helicondelta · 23 replies
    breitbart.com ^ | 21 Apr 2017
    Mark Landler writes in the New York Times that President Trump’s latest trade initiatives mark a return to the populist policies of the campaign and a victory for Steve Bannon and the economic nationalist wing of the Trump administration. From the New York Times: From Mr. Trump’s “buy American, hire American” rallying cry in Wisconsin this week to Vice President Mike Pence’s warnings to Japan and South Korea about the need to rewrite trade deals, the Trump administration is moving against free trade on multiple fronts. A senior White House official said there would be two trade-related events a week...
  • Tillerson touts Saudi investments, taking relations ‘to new heights’

    04/19/2017 9:57:37 PM PDT · by 2ndDivisionVet · 23 replies
    Arab News ^ | April 20, 2017 | Joyce Karam
    US Secretary of State Rex Tillerson touted Wednesday more economic investment and cooperation between Saudi Arabia and the US because “when US companies invest in the Saudi economy, everyone wins.” Tillerson made his remarks at the second annual US-Saudi Arabia CEO Summit, which concluded Wednesday in Washington. The summit brought together Saudi and US government officials and business leaders to discuss challenges and opportunities to expand US-Saudi economic partnership. Participants included Majid Al-Qasabi, Saudi commerce minister; Ghassan Al-Shibl, chairman of Saudi Arabian Airlines and CEO of Saudi Research and Marketing Group, and Khaled Al-Seif, vice chairman of the Committee for...
  • Make America work again: Cut freeloaders’ welfare benefits

    04/19/2017 11:25:52 AM PDT · by 2ndDivisionVet · 18 replies
    Conservative Review ^ | April 18, 2017 | Jen Kuznicki
    With tax day upon us, I’d like to remind everyone who works hard, applies themselves, and becomes as resourceful as they can to make a living for their families that their tax dollars are being used as welfare payments to those who do not or will not work and to those who work only enough to game the system. And for that we can thank the politicians who continuously grow welfare benefits in order to keep the welfare recipients voting them in every couple of years, so they can create more and more dependency that we have to pay for....
  • Bernie Marcus: Trump providing real hope for the future

    04/19/2017 10:25:44 AM PDT · by 2ndDivisionVet · 14 replies
    The Oklahoman ^ | April 19, 2017 | Bernie Marcus
    The business community is brimming with optimism across America — the highest level in 10 years. I know it, because I hear it from my colleagues every day. We're hopeful, and for good reason: President Donald Trump is moving his job creation agenda forward resolutely. First, it was Carrier jobs, then ExxonMobil, and now it's Ford Motor Company and more are on the way. Importantly, these big enterprises will also create thousands more jobs with their extended families of suppliers, all small and medium-sized businesses. America's chief executives aren't happy with Washington's flat tire on the road to health care...
  • Trump order would target high skilled worker visa program (About Darned Time)

    04/18/2017 1:43:44 AM PDT · by cba123 · 38 replies
    Associated Press ^ | April 18, 2017 | By CATHERINE LUCEY and SCOTT BAUER
    WASHINGTON (AP) -- President Donald Trump is planning to sign an executive order that seeks to make changes to a visa program that brings in high-skilled workers. Trump is heading Tuesday to Kenosha, Wisconsin, where he plans to sign an order dubbed "Buy American, Hire American," said administration officials who spoke on the condition of anonymity despite the president's frequent criticism of the use of anonymous sources. The officials said the order, which Trump will sign at the headquarters of tool manufacturer Snap-on Inc., would direct the departments of Homeland Security, Justice, Labor and State to propose new rules to...
  • Why Americans have stopped moving

    04/16/2017 3:25:57 PM PDT · by TBP · 122 replies
    New York Post ^ | April 15, 2017 | Kyle Smith
    Americans are stuck. Locked into our jobs, rooted where we live, frozen at our income levels. More than at any previous point in our history, we’ve stopped moving — whether moving up the income ladder or packing up a truck and finding another home. We’ve grown ossified, rigid. The flip side is that we’re stable. If we weren’t so content, we’d be more willing to gamble, to shake things up, to start a new firm or join one. Maybe we’re fine where we are. But maybe this period of stasis cannot last. Maybe it even portends a period of massive...
  • Commuter alert: Legislators risk killing IDOT's plan to add I-55 toll lanes

    04/16/2017 7:13:21 AM PDT · by Tolerance Sucks Rocks · 17 replies
    The Chicago Tribune ^ | March 24, 2017 | Randy Blankenhorn
    In a matter of days, time will run out on a plan that could cut down on commuting times, pave the way for even less traffic congestion, and potentially give taxpayers a break. For reasons that remain unclear, the General Assembly has ignored the Illinois Department of Transportation's I-55 managed lanes project, and the cost of doing nothing has the potential to harm the state's ability to do business for years to come. The I-55 managed lanes proposal would add an express toll lane between the Veterans Memorial Tollway in the southwest suburbs and the Dan Ryan Expressway in Chicago....
  • Cannabis Industry Attracts More Mainstream Investors as Business Grows

    04/15/2017 11:24:09 PM PDT · by 2ndDivisionVet · 115 replies
    Variety ^ | April 12, 2017 | Nick Clement
    With the legal cannabis industry generating $6.9 billion in sales in 2016, up 34% from 2015, it’s a no-brainer to say that much is at stake as the business inevitably grows. Much like the independent movie biz, the cannabis industry attracts investors looking for high-risk, high-reward investments, and as marijuana goes more mainstream, so does the funding mechanisms for the industry’s businesses. Just recently, numerous investment firms have cropped up, announcing themselves as major entities in the billion-dollar industry. The opportunities are wide-ranging: Everything from exotic strains of marijuana to concentrated edibles to topical creams fortified with CBD extracts, as...
  • Here Comes The Tax Reform Challenge…

    04/15/2017 5:10:21 PM PDT · by HarleyLady27 · 10 replies
    The Conservative Treehouse ^ | April 15, 2017 | Sundance
    The issue we historically held with Mick ‘Cantalopes’ Mulvaney, was his direct association with Speaker Ryan when it comes to tax/budget plans. Thankfully, so far, Mulvaney has outperformed expectations and our fears have not been seen in Trump policy. We are cautiously optimistic. House Speaker Paul Ryan is all-in with his “Border Adjustment Tax”, it is part of his larger ‘Better Way’ tax agenda. Apparently, according to The Hill, Mulvaney is not in alignment with Ryan. Good. The bottom line is Ryan’s plan is Tom Donohue’s plan. Ryan’s “Better Way” is the construct of the U.S. Chamber of Commerce.
  • What in the World Is Causing the Retail Meltdown of 2017?

    04/15/2017 4:03:12 PM PDT · by 2ndDivisionVet · 160 replies
    The Atlantic ^ | April 10, 2017 | Derek Thompson
    From rural strip-malls to Manhattan’s avenues, it has been a disastrous two years for retail. There have been nine retail bankruptcies in 2017—as many as all of 2016. J.C. Penney, RadioShack, Macy’s, and Sears have each announced more than 100 store closures. Sports Authority has liquidated, and Payless has filed for bankruptcy. Last week, several apparel companies’ stocks hit new multi-year lows, including Lululemon, Urban Outfitters, and American Eagle, and Ralph Lauren announced that it is closing its flagship Polo store on Fifth Avenue, one of several brands to abandon that iconic thoroughfare. A deep recession might explain an extinction-level...
  • Welcome to the Exponential Age The New Industrial Revolution

    04/15/2017 7:53:10 AM PDT · by Enchante · 45 replies
    Software will disrupt most traditional industries in the next 5-10 years. Uber is just a software tool, they don’t own any cars, and are now the biggest taxi company in the world. Airbnb is now the biggest hotel company in the world, although they don’t own any properties. This disruption will create large growth opportunities as well as dangerous pitfalls. Be prepared for both.... ... ...It is a fast moving world and getting faster. There will be both opportunities and pitfalls along the way. The next generation of business leadership needs to be able to navigate these progressive changes and...
  • Secretary Wilbur Ross Delivers A Message – The “UniParty” Congress is Put On Notice…

    04/14/2017 3:33:42 PM PDT · by HarleyLady27 · 37 replies
    The Conservative Treehouse ^ | April 14, 2017 | Sundance
    To say we consider Commerce Secretary Wilbur Ross a man with a unique skill-set for this defined moment in U.S. economic history would be an understatement of epic proportions. Ross is one of the most consequential and dynamic forces within the President Trump administration. Our message is simple – the games are over, and improper treatment of the United States will no longer be tolerated. We will approach future negotiations and actions with a clarity of purpose guiding us as we work to establish both free and fair trade. Unfortunately, NAFTA negotiations cannot begin until Congress accepts our 90-day notification...
  • Trump takes a centrist tack on economic policy, abandoning campaign pledges

    04/12/2017 5:57:06 PM PDT · by PK1991 · 76 replies
    Washington Compost ^ | April 12, 2017 | By Damian Paletta and Ana Swanson
    "President Trump is abandoning a number of his key campaign promises on economic policy, adopting instead many of the centrist positions he railed against while campaigning as a populist. Trump will not label China a “currency manipulator,” he told the Wall Street Journal on Wednesday, despite a campaign pledge that he would apply the label on his first day in office. He also said he was open to reappointing Federal Reserve Board Chair Janet L. Yellen after saying last year that the central banker should be “ashamed” of what she was doing to the country. And he embraced the Export-Import...
  • Americans have become lazy and it's hurting the economy

    04/12/2017 2:19:32 PM PDT · by 2ndDivisionVet · 33 replies
    CNN Money ^ | April 12, 2017 | Heather Long
    Americans have become lazy, argues economist Tyler Cowen. They don't start businesses as much as they once did. They don't move as often as they used to. And they live in neighborhoods that are about as segregated as they were in the 1960s. All of this is causing the U.S. to stagnate economically and politically, Cowen says in his new book: "The Complacent Class: The Self-Defeating Quest for the American Dream." Growth is far slower than it was in the 1960s, 70s and 80s and productivity is way down, despite everyone claiming they are working so hard. "Innovation is painful....
  • U.S. urged to spend more on infrastructure

    04/11/2017 10:12:17 PM PDT · by Tolerance Sucks Rocks · 11 replies
    The Northwest Indiana Times ^ | March 18, 2017 | Associated Press
    BADEN-BADEN, Germany — Governments need to do more to create growth that benefits everyone, and the U.S. should spend more on roads, highways, bridges and airports, the Organization for Economic Cooperation and Development said Friday. The body, which includes the world's better-off countries, said in a report that governments should focus on providing better access to high-quality education and supporting employment for women through measures like affordable child care. It also highlighted the need for more spending on infrastructure. OECD Secretary-General Angel Gurria called for an "upskilling of the workforce" to address worker anxiety about the future of their jobs...
  • China Caves: Trump Wins Huge Trade Concession

    04/11/2017 9:42:48 PM PDT · by 2ndDivisionVet · 31 replies
    Right Wing News ^ | April 10, 2017 | Sierra Marlee
    Are you tired of winning yet? Trump met with Chinese President Xi Jinping to discuss several issues, including the massive trade imbalance between the nations. Of course, he came out on top. It is being reported that Beijing is offering the Trump Administration greater market access to avoid an all-out trade war between the two powers. The Financial Times claims that these concessions are not all that difficult for Beijing. “At present, foreign investors cannot hold a majority stake in securities and insurance companies in China. The country’s largest companies in these sectors, such as Citic Securities and China Life...
  • My Word: Program has created jobs, it must be allowed to do so (EB-5 Visas)

    04/10/2017 7:18:42 PM PDT · by 2ndDivisionVet · 1 replies
    The East Bay Times ^ | April 10, 2017 | Angelique Brunner
    Washington can be a tough place to read. Even so, there’s a policy debate at hand that I find puzzling. We have a new president who has boldly promised to create 25 million jobs over the next decade and a conservative Congress deeply concerned with reducing the tax burden on the American people and addressing the national debt. And yet there is a federal program on the books right now that answers all calls but faces possible expiration on the eve of the Trump administration’s 100-day mark. How could that be? The EB-5 program puts Americans to work. According to...
  • Lidl hiring for Mebane distribution center (150 $20/hr jobs in North Carolina)

    04/10/2017 1:59:52 PM PDT · by 2ndDivisionVet · 7 replies
    The Greensboro News & Record ^ | April 10, 2017 | Staff
    MEBANE – Lidl, a German grocery chain building stores in Eden and Danville, Va., will hold a public hiring event for its state-of-the-art, Alamance County regional headquarters and distribution center next week. The event will be held from 10 a.m.-7 p.m. Thursday, April 20 at Lid’ls newly constructed, $125 million facility, which will become operational later this year. The Lidl Distribution Center is located at 3815 Senator Ralph Scott Parkway, Mebane. Up to 150 logistics positions will become available at the site this year. Salaries for logistics associates will be up to $20 per hour, plus benefits, which can include...
  • Donald Trump’s Pick For Top Economic Adviser Is Pro-Immigration, Pro-Outsourcing

    04/10/2017 1:00:41 PM PDT · by Truth29 · 56 replies
    Breitbart ^ | April 9, 2017 | Penny Star
    President Donald Trump has picked an economic advisor who believes in growing the nation’s economy by importing workers and consumers, and by expanding free-trade outsourcing, despite Trump’s “buy American, hire American” campaign promises. Kevin Hassett is slated to become chairman of the Council of Economic Advisors if he is approved by the Senate’s banking committee. If Hassett is confirmed, that will be a win for the corporatist, business-first faction in Trump’s White House, which fights for influence in the Oval Office against the populist, America-first faction that helped Trump win the election in November.