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Keyword: economy

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  • Going Back to Move Forward

    05/24/2016 5:20:13 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | May 24, 2016 | Susan Stamper Brown
    Ah, the "good old days," the ones that President Obama took a sarcastic swipe at during his recent commencement speech at Rutgers University when he said that America's "good old days weren't that great." Certainly he misread his teleprompter. Sure, we've experienced enormous advances in things like technology and medicine, but the "good old days" aren't so bad, especially compared to what's happening today. During the speech Obama said, "...by almost every measure, America is better and the world is better than it was 50 years ago, or 30 years ago, or even eight years ago." Apparently, Hillary Clinton missed...
  • After 8 Years Of Radical Moves, The Fed’s Still In A Box

    05/24/2016 4:54:13 AM PDT · by expat_panama · 20 replies
    Investors Business Daily ^ | 5/20/2016 | TERRY JONES
    When the economy stumbles, can the Fed still catch its fall? A growing number of economists, market analysts and investors worry that the answer is no. The Federal Reserve’s radical approach to monetary policy since the financial crisis, they believe, has confounded its ability to do anything about a potential downturn — or an unexpected shock to the economy. Worse, others argue that by staying with a zero interest rate for so long, the Fed has put itself into a box... ...the dilemma. The post-financial crisis economic recovery still looks shaky. The Atlanta Fed’s widely followed GDPNow number, a timely...
  • Hillary’s defining moment

    05/23/2016 8:52:22 AM PDT · by Sean_Anthony · 8 replies
    Canada Free Press ^ | 05/23/16 | Herman Cain
    It's hard to pick one, but we think we've got it Now that Hillary Clinton has declared herself the winner of the Democrat nomination for president before it is officially over, let’s recap some of her most defining moments of what she would do as president (I pray not!) . . . in her own words: Dan and Rob have pointed out numerous times how she has no significant qualifications or accomplishments to be president. She lied about Benghazi. She denies that there is some “there there” in the email scandal, and a list of other denials and deceptive statements.
  • Treasury Must Not Forget That With Lending, Ignorance Isn't Bliss

    05/23/2016 4:32:18 AM PDT · by expat_panama · 4 replies
    Real Clear Markets ^ | May 23, 2016 | Brian Knight
    The use of technology to better assess a potential borrower's risk profile and score borrowers who previously could not be scored-or were scored inaccurately-is one of the most exciting elements of marketplace lending. That is, of course, unless you are the U.S. Treasury Department, which according to its recently released report on marketplace lending worries that technology will make loan underwriting too good. That isn't a typo; the Treasury is worried that better underwriting may be "unfair" because it can disadvantage borrowers who are currently mischaracterized as low risk by making them pay higher (that is to say, correct) rates....
  • This time in the euro debt crisis, the IMF will come bearing gifts for the Greeks

    05/22/2016 8:36:52 AM PDT · by Lorianne · 9 replies
    Guardian UK ^ | 22 May 2016
    Greece’s predicament is simple. It has debt repayments to make this summer and it doesn’t have the money to pay the bills. The European Union can solve this acute cashflow problem by unlocking the funds pledged to Greece under the terms of last summer’s bailout agreement, but it will only do so if Athens demonstrates that it is serious about sorting out its budget. Austerity today will lead to generosity from EU finance ministers when they meet on Tuesday. Here’s where things get interesting. The difference between this Sunday and all the other tension-packed Sundays that have studded the Greek...
  • Janet Yellen Doesn’t Hold Sway On Fed, Throwing Investors A Curve

    05/22/2016 8:36:15 AM PDT · by expat_panama · 4 replies
    Investors Business Daily ^ | 5/19/2016 | JED GRAHAM
    There are two possible explanations for why markets so badly misjudged how close the Federal Reserve is to resuming interest-rate hikes. One possibility is that investors misread Fed Chair Janet Yellen’s speech on March 29 asserting that “caution is especially warranted” when it comes to raising rates with global risks so high and policymakers so low on conventional ammunition to counteract a downturn. Yet it seems much more likely that markets received the surprisingly dovish message as it was intended and responded just as Yellen hoped, easing global stresses that had grown as the dollar’s rise exacerbated pressure on China...
  • Credit-Card Debt Approaching Pre-Collapse High — Thanks To Subprime Lending

    05/21/2016 11:10:01 AM PDT · by MarvinStinson · 31 replies
    HotAir ^ | May 20, 2016 | Ed Morrissey
    Today’s Wall Street Journal report on record levels of credit-card and auto-loan debt sound like a stroll down Memory Lane: U.S. credit-card balances are on track to hit $1 trillion this year, as banks aggressively push their plastic and consumers grow more comfortable carrying debt. That sum would come close to the all-time peak of $1.02 trillion set in July 2008, just before the financial crisis intensified, and could signal an easing of frugal habits ingrained by the recession. The boom has been driven by steady economic conditions and an improving job market that have made creditworthy consumers less reluctant...
  • What Does Maduro’s New State of Emergency Mean for Venezuela?

    05/20/2016 4:53:47 PM PDT · by fella · 11 replies
    Panam Post ^ | 17 May 2016 | Orlando Avendano
    Venezuelan President Grants Himself New List of Powers in Response to "Threats" Last Friday, May 13, the President of Venezuela Nicolás Maduro signed a new decree establishing an economic emergency that extended the original decree made in January 2016, but which included something called a “state of exception” this time around. The state of exception is intended to allow the government to take “exceptional” measures to control the country’s crisis, as well as to protect the Venezuelan people from whatever the government may consider a threat. But it’s still not clear what Maduro is going to do with such tremendous...
  • No, Bill Clinton Does Not ‘Know How’ To Fix The Economy

    05/20/2016 7:49:48 AM PDT · by Behind Liberal Lines · 27 replies
    FiveThirtyEight ^ | MAY 20, 2016 AT 7:00 AM | By Ben Casselman
    Whatever Bill Clinton’s exact role in a Hillary Clinton administration would be, it’s no surprise that she is looking to tie herself to his economic legacy. Bill Clinton’s second term was the last time the U.S. economy was unequivocally strong; for most voters this November, it was the best economy they’ve ever known. But while Hillary Clinton wants voters to look back fondly on the first Clinton presidency, she should hope they don’t remember too much about what happened next.... the Clinton boom, and even some specific Clinton policies, also helped sow the seeds for the far more severe Great...
  • UAW Leader Suggests Union Will Back Clinton for U.S. President

    05/20/2016 6:10:44 AM PDT · by ManHunter · 29 replies
    Newsmax ^ | 20 May 2016 | UI
    United Auto Workers President Dennis Williams said his union won’t endorse Donald Trump for U.S. president, all but assuring support for Hillary Clinton as she closes in on the Democratic nomination. Williams said the UAW will wait until the conclusion of the Democratic primary before endorsing a candidate. Clinton has 2,293 delegates to 1,533 for rival Bernie Sanders, according to data compiled by the Associated Press. Clinton needs only 90 of the remaining 939 unallocated delegates to lock up the nomination, according to the AP’s data.
  • Will Gov’t Regulation Kill The Housing Market — Again?

    05/20/2016 4:55:40 AM PDT · by expat_panama · 10 replies
    Investors Business Daily ^ | 5/19/2016 | Editorial
    Housing: Seemingly everyone applauds the recent surge in home prices as a positive sign for the economy. But, in fact, it isn’t. If anything, it’s a sign the federal government still hasn’t learned its lesson about excessive regulation. While prices for homes have surged in recent years, they’ve done so thanks mainly to federal regulations put in place after the financial crisis. Low interest rates engineered by the Fed to stimulate the economy have fueled a surge in demand, driving prices up sharply. And federal regulations continue to require mortgage lenders to make risky home loans based on race and...
  • Trump rips Hillary Clinton for suggesting Bill will be in charge of 'revitalizing' the economy

    05/19/2016 6:59:41 PM PDT · by central_va · 25 replies
    Yahoo finance ^ | May 17th 2016
    "How can Crooked Hillary put her husband in charge of the economy when he was responsible for NAFTA, the worst economic deal in U.S. history?" Trump wrote in a subsequent tweet.
  • Overtime Extension Bad for Workers

    05/19/2016 7:18:57 AM PDT · by Kaslin · 29 replies
    Townhall.com ^ | May 19, 2016 | Townhall.com Staff
    This piece was authored by Townhall intern Catherine Dunn. Coming this December, 4.2 million additional workers will be entitled to overtime benefits. The Obama Administration has pushed the change with great enthusiasm. The Department of Labor’s video, “OVERTIME: It’s About Time” is indicative of the administration’s tone regarding the issue: over cheerful music, Secretary Thomas Perez paints a picture of the new regulation saving millions of workers from exploitation, of the regulation as a wholly positive change that’s long overdue. But it’s not that simple. In a recent study commissioned by the National Retail Federation, the research firm Oxford Economics...
  • No More Twofers——Why The Vaunted “Clinton Prosperity” Of The 1990s Is A Risible Myth

    05/19/2016 6:59:56 AM PDT · by all the best · 14 replies
    Davis Stockman's Contra Corner ^ | May 18, 2016 | David Stockman
    That Hillary Clinton has—–unaccountably——stood by her man for 40 years is her particular foible. But now she wants 320 million Americans to stand by him, too, by electing her President so she can make Bill the nation’s economic czar: During a speech in Kentucky Sunday she referred to “my husband, who I will put in charge of revitalizing the economy ’cause he knows what he’s doing.” Actually, he doesn’t. Herein follows a two-part essay on why Bill and Hillary Clinton had precious little to do with the vaunted prosperity of the 1990s, and why another twofer would be exceedingly bad...
  • New Overtime Rule Causes Triple Damage to Economy

    05/19/2016 5:47:06 AM PDT · by expat_panama · 67 replies
    e21 ^ | May 18, 2016 | Diana Furchtgott-Roth
    Most bad policies harm the economy in one identifiable way. But the Labor Department’s new overtime rule, released on May 18, harms the economy and the American worker in three different ways. The new rule requires employers to pay white collar workers overtime if they earn less than $47,476 annually, instead of less than $23,660, the case at present. (Manual workers generally have to be paid overtime at all earnings levels.) The effect will be (1) to raise costs to employers, discouraging employment; (2) to prohibit flexible time for employees; and (3) to stunt American productivity and economic growth. Consider...
  • Contaminated Water Dominates Flint Headlines, But Pension Earthquake Looms

    05/19/2016 4:55:46 AM PDT · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 5/16/2016 | Tom Gantert
    Contaminated drinking water has dominated daily headlines in Flint, but a looming crisis of a different kind casts a pall over the city’s financial future: A $285 million unfunded pension liability is consuming ever more of the city’s budget. In 2015, Flint paid $20.4 million to cover retirement system costs. To put the burden of pension obligations into perspective, that amount is 42 percent of the city's general fund budget. The financial stress has been growing: In 2010 Flint paid just $13.4 million into this system. The general fund represents just one part of the city’s budget (the water and...
  • America's Going to Hell in a Hand Basket and Obama Says We've Never Had It So Good

    05/18/2016 10:13:13 AM PDT · by Kaslin · 33 replies
    Townhall.com ^ | May 18, 2016 | Donald Lambro
    This was the year when Republicans had everything going for them, politically-speaking, in the 2016 presidential election. On every level, economically, fiscally, socially, America is in a lot worse shape under Barack Obama's debt-ridden, inept presidency. And his party's frontrunner is offering us four more years of the same. Poverty is up. Violent crime is up. The middle class is shrinking. Businesses, especially factories and retail, are in trouble. The economy is barely growing. People are hurting. The Gallup Poll this week found that only 36 percent of U.S. adults say the economy is "getting better," while 60 percent say...
  • Obama spending millions to find summer jobs — for refugees

    05/18/2016 6:34:17 AM PDT · by Whenifhow · 14 replies
    theamericanmirror. ^ | May 17 2016 | VICTOR SKINNER
    The Obama administration wants to make sure Utica, New York’s young refugees aren’t without a job, so he’s spending millions to make sure it doesn’t happen. “Access to a job in the summer and beyond can make all the difference to a young person – especially those who don’t have access to many resources and opportunities,” President Obama said of his new Summer Opportunity Project. The project spends a total of $21 million on a variety of programs in 11 communities nationwide with the focus of helping young people find summer work, and permanent part-time jobs, the White House and...
  • How Do Economists Teach Rise of Trump & Sanders?

    05/18/2016 4:56:08 AM PDT · by expat_panama · 21 replies
    The Fiscal Times ^ | May 17, 2016 | Mark Thoma
    Nobel Prize winning economist Joseph Stiglitz recently highlighted two schools of thought on how income is distributed to different groups of people in the economy. Which school is correct has important implications for our understanding of the forces that have caused the rise in inequality, and for the policies needed to reverse this trend. It also relates to another controversy that has flamed up recently, how economics should be taught in principles of economics courses. The first school of thought is that inequality is a natural and equitable outcome of competitive market forces. According to this view, which is based...
  • Hiring Hurdle: Finding Workers Who Can Pass a Drug Test

    05/17/2016 8:17:47 PM PDT · by Theoria · 62 replies
    The New York Times ^ | 17 May 2016 | Jackie Calmes
    A few years back, the heavy-equipment manufacturer JCB held a job fair in the glass foyer of its sprawling headquarters near here, but when a throng of prospective employees learned the next step would be drug testing, an alarming thing happened: About half of them left. That story still circulates within the business community of this historic port city. But the problem has gotten worse. All over the country, employers say they see a disturbing downside of tighter labor markets as they try to rebuild from the worst recession since the Depression: They are struggling to find workers who can...
  • Hillary Clinton to support Federal Reserve change sought by liberals

    05/17/2016 6:09:38 AM PDT · by expat_panama · 35 replies
    Washington Post ^ | May 12, 2016 | Ylan Q. Mui
    Democratic presidential front-runner Hillary Clinton said she would support changes to the top ranks of the Federal Reserve, an issue recently championed by progressive groups amid debate over how long the central bank should keep supporting the American economy. The Fed is led by a seven-member board of governors based in Washington and a dozen regional bank presidents based across the country, from New York to Kansas City to San Francisco. The governors are nominated by the White House and approved by the Senate, but regional bank presidents are selected by their boards of directors, whose occupants are chosen by...
  • "Countless Wounded" After 5,000 Loot Supermarket Looking For Food [Venezuela]

    05/16/2016 2:17:07 PM PDT · by Lorianne · 36 replies
    Zero Hedge ^ | 15 May 2016 | Tyler Durden
    As pure desperation has set in, crime has becomes inevitable. A man accused of mugging people in the streets of Caracas was surrounded by a mob of onlookers, beaten and set on fire, who published a pixeled-out but still graphic video of the man burning as mob justice is now the supreme arbiter of who lives and who dies: "Roberto Fuentes Bernal, 42, was reportedly caught trying to mug passersby in the Venezuelan capital and before police arrived at the scene, the crowd took the law into their own hands." The video can be seen here. Now, in the latest...
  • Obamacare has been good for the economy

    05/16/2016 9:57:27 AM PDT · by lowbridge · 41 replies
    AOL ^ | May 15, 2016 | Bob bryan
    The largest increase in consumer spending since gas prices have dropped, according to Markowska, has been on healthcare. "In nominal terms, household spending on healthcare averaged 3.9% between 2010 and 2013," wrote Markowska in a note to clients Thursday. "It began to accelerate in the first half of 2014 and has averaged at 5.2% since then. Importantly, this pickup in healthcare spending was not driven by higher costs; real spending in this category accelerated from 1.9% in 2010-2013 to 3.9% thereafter." This would indicate that Americans have been not only been spending more because of increased costs, but also intentionally...
  • Obama: By Almost Every Measure, America and World Are Better Than 8 Years Ago

    05/16/2016 8:22:11 AM PDT · by Zakeet · 89 replies
    CNS News ^ | May 15, 2016
    Delivering the commencement address at Rutgers University in New Jersey today, President Barack Obama told the graduates that "the good old days weren't that good" and that both America and the world are better than they were "even eight years ago." "When you hear someone longing for the good old days, take it with a grain of salt, take it with a grain of salt," Obama said in his address. "In fact," he said, "by almost every measure, America is better and the world is better than it was 50 years ago or 30 years ago or even eight years...
  • Eco News Good, Markets Down [w/ DAILY INVESTOR THREAD]

    05/16/2016 4:25:18 AM PDT · by expat_panama · 9 replies
    Barchart ^ | May 16, 2016 | Nick Mastrandrea
    Good Morning Traders,As of this writing 4:05 AM EST, here’s what we see:US Dollar: Down at 94.535. The US Dollar is down 58 ticks and trading at 94.535.Energies: June Crude is up at 46.93.Financials: The June 30 year bond is down 7 ticks and trading at 166.16.Indices: The June S&P 500 emini ES contract is up 6 ticks and trading at 2045.00.Gold: The June gold contract is trading up at 1282.50.  Gold is 98 ticks higher than its close.Initial Conclusion This is not a correlated market.  The dollar is down- and crude is up+  which is normal and the 30...
  • 72 gravesites vandalized at Julia Page Cemetery

    05/15/2016 7:27:49 PM PDT · by SandRat · 17 replies
    DOUGLAS DISPATCH ^ | AALIYAH MONTOYA
    More than 70 gravesite headstones have been vandalized and stripped of their bronze/copper name plates at the Julia Page Cemetery, located at the 1300 block of Third Street. The incident is under investigation by the Douglas Police Department and is believed to have been occurring over the past few months, although it is just now being reported, according to DPD Sgt. Jose Duarte. As of Friday, investigators have only been able to identify fewer than 10 victims, including the loved one of Douglas resident Tom Felix.
  • The Conservative Case for Trump

    05/15/2016 1:02:31 PM PDT · by Sir Napsalot · 65 replies
    American Thinker ^ | 5-15-2016 | David Prentice
    As a longstanding Reagan conservative, my initial preference was Ted Cruz; yet I would have voted for any of the candidates over Hillary. I held my nose for McCain and Romney, and hope some at least hold their noses and vote for Trump. However, I’d rather you do more than that, I’d rather you consider actually voting FOR Donald Trump. The case for Trump is a good one. ..... I found I liked what he said, but not him. Then the earthquake happened: Hillary attacked him as a misogynist and a sexist. Oh no, he’s done for now. But no,...
  • Pew: Middle class really is eroding

    05/14/2016 1:07:34 PM PDT · by Kaslin · 30 replies
    Hot Air.com ^ | May 14, 2016 | ED MORRISEY
    The rich get richer, the poor get poorer … but what happens to the middle class? It depends, according to a new study this week from Pew. In some metropolitan areas, the middle class move into the richer category, while in others it declines into the poorer. However, Pew’s research makes it clear that the middle class is narrowing: The American middle class is losing ground in metropolitan areas across the country, affecting communities from Boston to Seattle and from Dallas to Milwaukee. From 2000 to 2014 the share of adults living in middle-income households fell in 203 of the...
  • Mark Levin Show,Ray Charles Fridays,M-F,6PM-9PM,EDT,WABC AM,May 13,2016

    05/13/2016 1:49:04 PM PDT · by Biggirl · 18 replies
    Mark Levin Show ^ | May 13,2016 | Mark Levin
    The Legacy Lives On! Mark’s Lost Dog & Cat Rescue Foundation “Conservatism is the antidote to tyranny precisely because its principles are the founding principles.” --Mark Levin in Liberty and Tyranny Welcome to “The Levin Lounge”… Step in and have a virtual FRink.Taking the country by storm, one radio station at a time – and kicking the BUTTS of the competition! Welcome all, to the most FUN LIVE THREAD on FreeRepublic.com! You can call Mark’s show: 1-877-381-3811
  • Pew Research Analysis Shows Middle Class Is Losing Ground

    05/14/2016 5:31:25 AM PDT · by detective · 4 replies
    The New American ^ | 12 May 2016
    A new study released on May 11 by the Pew Research Center indicates that middle-class Americans are losing ground as a share of the population, especially in metropolitan areas. Pew’s analysis was based on its study of U.S. government statistics found in the 2014 American Community Survey and the 2000 Decennial Census. During the period bracketed by those two surveys, the percentage of Americans whom Pew would classify as “middle class” fell in 203 of the 229 metropolitan areas in the United States. The decrease in the middle-class share measured six percentage points or more in 53 metropolitan areas, compared...
  • Manufacturing a Crisis

    05/14/2016 4:25:36 AM PDT · by expat_panama · 42 replies
    American Thinker ^ | May 14, 2016 | Steve Feinstein
    If there is one thing that Democrats and Republicans always seem to agree on, it’s this: Manufacturing jobs are the key to economic success in this country. We’ve got to “revitalize” the manufacturing sector if the economy is to generate strong job growth and economic expansion. That’s just such total hogwash, because it’s not true and it’s not reflective of reality. To begin with, it’s always been difficult to understand why “manufacturing jobs” are so sacrosanct in many peoples’ minds. What is it about sitting in front of an assembly line for hours on end, repeating the same task of...
  • Opinion:... ..., Hillary and Bernie are lying to us about those lost manufacturing jobs

    05/14/2016 4:11:12 AM PDT · by expat_panama · 56 replies
    Market Watch ^ | May 12, 2016 | Michael J. Hicks
    Most, if not all, of those manufacturing jobs are gone because of better technology, not Mexico As the primary season progresses,... ...candidates continue to peddle some version of a promise to “bring back jobs and manufacturing to America.” Voters clinging to this hope need to steel themselves for a letdown. Here’s why. No matter how you measure it, 2015 was a record year for manufacturing... ...Manufacturing employment peaked nationwide in 1977. Since then... ...makes twice as much “stuff” in an hour as he or she did in 1977... ...In the 1930s, more than half of American household consumption was in...
  • Dow, S&P post first 3-week losing streak since January

    05/13/2016 5:05:40 PM PDT · by John W · 3 replies
    cnbc.com ^ | May 13, 2016 | Evelyn Cheng
    U.S. stocks closed lower Friday, with the Dow Jones industrial average and S&P 500 closing below their 50-day moving averages and posting their first three-week losing streak since January. "I think the market's just gotten extended relative to earnings. This week just had those disappointing retail numbers out of the malls and that has led to a fairly broad sell-off. Most of them have done quite poorly," said Bernie Williams, chief investment officer, USAA Investment Solutions. Consumer discretionary was the fifth-worst decliner, falling more than 1 percent to erase year-to-date gains and joining tech, health care and financials as the...
  • Trump taps climate change skeptic, fracking advocate as key energy advisor

    05/13/2016 10:51:57 AM PDT · by maggief · 94 replies
    Reuters ^ | May 13, 2016 | VALERIE VOLCOVICI
    Republican presidential contender Donald Trump has asked one of America's most ardent drilling advocates and climate change skeptics to help him draft his energy policy. U.S. Republican Congressman Kevin Cramer of North Dakota - a major oil drilling state - is writing a white paper on energy policy for the New York billionaire, Cramer and sources familiar with the matter told Reuters. Cramer was also among a group of Trump advisers who recently met with lawmakers from western energy states, who hope Trump will open more federal land for drilling, a lawmaker who took part in the meeting said. Cramer...
  • Economy: Jobless Claims Unexpectedly Jump To 1-Year High

    05/13/2016 5:16:58 AM PDT · by expat_panama · 31 replies
    Investors Business Daily ^ | 5/12/2016 | FRANCES M. ROBERTS/Newscom
    Applications for unemployment benefits unexpectedly increased last week to the highest level since February 2015, a sign that progress in the U.S. job market is moderating. Initial jobless claims rose by 20,000 to 294,000 in the week ended May 7, a report from the Labor Department showed Thursday. The median forecast of economists surveyed by Bloomberg called for a decline to 270,000. The figures signal a more modest recovery lies ahead... ...The labor market is looking pretty healthy and that’s going to continue.” Claims Still Below 300,000 For 62 consecutive weeks claims have been below the 300,000 level... ...Continuing Claims...
  • Pew study sees a shrinking middle class in major US cities

    05/12/2016 4:43:34 AM PDT · by rightwingintelligentsia · 22 replies
    AP via Yahoo! Finance ^ | May 11, 2016 | Christopher s. Rugaber
    WASHINGTON (AP) -- In cities across America, the middle class is hollowing out. A widening wealth gap is moving more households into either higher- or lower-income groups in major metro areas, with fewer remaining in the middle, according to a report released Wednesday by the Pew Research Center. In nearly one-quarter of metro areas, middle-class adults no longer make up a majority, the Pew analysis found. That's up from fewer than 10 percent of metro areas in 2000. Pew defines the middle class as households with incomes between two-thirds of median income and twice the median, adjusted for household size...
  • Factory Workers Are The New Burger Flippers, Study Shows

    05/12/2016 4:35:21 AM PDT · by expat_panama · 46 replies
    Investors Business Daily ^ | 5/10/2016 | JED GRAHAM
    One of the rallying cries of the Fight for $15 movement is that employers like McDonald’s (MCD) make billions in profits on the backs of taxpayers. In the view of the political left, companies shouldn’t be credited for employing large numbers of workers with modest skills, but rather vilified for paying so little that workers need to rely on food stamps, Medicaid and earned income tax credits. Now that same low-wage argument used against the fast-food industry and Wal-Mart (WMT) is being brought to bear against a surprising target: manufacturers. It seems that even as Donald Trump has vowed to...
  • Small Businesses Have Big Job Openings, But Can’t Fill Them

    05/12/2016 4:21:04 AM PDT · by expat_panama · 77 replies
    Investors Business Daily ^ | 5/10/2016 | ED CARSON
    Small-business owners were more upbeat in April, with job openings matching a cycle high, but finding qualified applicants remains a major problem, according to the National Federation of Independent Business on Tuesday. NFIB’s Small Business Optimism Index rose 1 point last month to 93.6. This ends a three-month slide to a two-year low in March. The gauge remains below historically normal levels. A net 11% of smaller firms plan to add staff, up from March’s 9%,... ...46% of small businesses said they had few or no qualified applications... ,,,24% of NFIB respondents said in April that they planned to increase...
  • Venezuela: Countless Wounded after 5,000 Loot Supermarket

    05/11/2016 6:59:42 PM PDT · by ameribbean expat · 76 replies
    PanAm Post ^ | 05.112016 | Sabrina Martin
    As for March, there was an increase in yearly prices due to inflation — a 582.9 percent increase for food,
  • Private Pensions Underfunded (82%)

    05/11/2016 7:17:03 PM PDT · by buwaya · 16 replies
    Milliman ^ | 5/11/2016 | Buwaya
    A vanity, I apologize if this is old news or if I am being pedantic. We all know about the public pensions crisis, but the PRIVATE pension problem is under the radar. It probably shouldn't be, and it is also affected by government-corporate chicanery. It seems that, because of the sluggish state of the economy and low interest rates, nearly all private pension funds, just like public ones, are in the red. There are various pension fund surveys; most show that private pension funds are on average only about 80% funded; in 2007 they were on average over 100% funded....
  • "As Barack says, a three letter word: Jobs!" –Joe Biden

    05/11/2016 8:17:31 AM PDT · by NOBO2012 · 6 replies
    Michelle Obama's Mirror ^ | 5-11-2016 | MOTUS
    When the government jobs and economy report was released last Friday, it wasn’t quite as rosy as we’ve been led to believe: Economist Herbert Stein famously observed, "If something cannot continue, it will stop." Given other readings on the economy, the rapid growth in jobs that was reported by the Bureau of Labor Statistics (BLS) for 4Q2015 and 1Q2016 could not continue. So, in April, it stopped. [ed. in other words, we lied about jobs growth,again.] Telling lies with statistics is so easy even a politician can do itFriday's BLS "Employment Situation" report was terrible. FTE* employment fell by 296,000,...
  • HB2 Could Cost North Carolina Almost $5 Billion a Year

    05/11/2016 8:00:45 AM PDT · by Cyberman · 39 replies
    The Williams Institute ^ | 05/11/2016 | Christy Mallory and Brad Sears
    By adding to an already challenging legal environment in North Carolina, HB2 could cost the state almost $5 billion a year, according to a new report by the Williams Institute at UCLA School of Law. "The repeal of HB2 would not only reverse the threat to over $5 billion in economic activity for the state, but would also begin to bring North Carolina some of the economic advantages that come when a state embraces diversity and its LGBT citizens," said Christy Mallory, Senior Counsel at the Williams Institute and co-author of the new report. While prior reports have focused on...
  • Repeal Dodd-Frank!

    05/11/2016 4:53:59 AM PDT · by expat_panama · 40 replies
    Investors Business Daily ^ | May 6, 2016 | Editorial
    Financial Meltdown: Thanks to the media, many Americans believe that the financial crisis was a result of banking deregulation. A new study delivers a thorough debunking of that idea. A group of respected think tanks — the Heritage Foundation, the American Enterprise Institute, the Cato Institute and the Mercatus Center — has issued a 208-page book titled “The Case Against Dodd-Frank: How The ‘Consumer Protection’ Law Endangers Americans.” It’s a devastating indictment of the law. The book crushes the conventional media and liberal political narrative that deregulation was at the heart of the crisis... ...the crisis “was principally the result...
  • There's something wrong with the US labor market

    05/10/2016 1:10:20 PM PDT · by SeekAndFind · 63 replies
    Business Insider ^ | 05/10/2016 | Myles Udland
    Something isn't clicking in the US labor market. On Tuesday, the latest Job Openings and Labor Turnover Survey — or JOLTS — report showed there were 5.757 million jobs available in the US in March, a near record. Additionally, the number of unemployed persons in the US per job open is down to pre-recession levels at about 1.5 workers per job. In 2010, for example, this number was closer to five unemployed workers per job opening. And while the abundance of jobs is often interpreted as a sign of strength in the labor market, there's a persistent and growing gap...
  • The Screamfest Aimed At Trump

    05/10/2016 7:18:01 AM PDT · by SatinDoll · 12 replies
    The Market-Ticker ^ | May 10, 2016 | Karl Denninger
    "Donald Trump's Economic Plans Would Destroy the US Economy!" screams the headline in The Atlantic. Of course to go with the headline they find a very unflattering picture.... I do give The Atlantic one bit of credit: They didn't bury the lede. "I've borrowed knowing that you can pay back with discounts," he told CNBC. "I would borrow knowing that if the economy crashed, you could make a deal.” "This policy would be so disastrous that even its suggestion is dangerous." Oh really? The article goes on to say that suggesting that one might haircut the debt would collapse markets...
  • Trump and the Republican Drama Obscures the Real Crisis

    05/10/2016 4:51:25 AM PDT · by SJackson · 18 replies
    Frontnpagemagazine ^ | May 10, 2016 | Bruce Thornton
    Trump and the Republican Drama Obscures the Real Crisis The most important issue the new president will face continues to be sidelined. May 10, 2016 Bruce Thornton    Bruce Thornton is a Shillman Journalism Fellow at the David Horowitz Freedom Center. The Republican caterwauling over Donald Trump reminds me of the lyric from “That’s Entertainment”: “There’s no ordeal/like the end of Camille.” Jeb Bush, Lyndsey Graham, and Mitt Romney have announced that they will snub the GOP convention. GOP big donors are closing their wallets. Some pundits and politicians are contemplating a third-party candidate to prove the purity of...
  • 'Guaranteed Income' Is a Comically Awful Poverty Solution

    05/10/2016 4:16:53 AM PDT · by expat_panama · 28 replies
    Real Clear Markets ^ | May 10, 2016 | John Tamny
    New York Magazine's Annie Lowrey excitedly writes "that there's a welfare-policy idea that is very in vogue. That idea is just giving everybody enough money to live on, rich or poor, old or young, working or not working. It is called a universal basic income." She adds that the idea has captured the imagination of Silicon Valley technologists, European socialists, U.S. policymakers on the left and right, and seemingly everyone in between. And while Lowrey is hedging herself as to whether a universal basic income or guaranteed income will succeed, it doesn't take much casual analysis to see that what...
  • Sorry, Bernie fans. His health care plan is short $17,000,000,000,000.

    05/09/2016 11:52:31 AM PDT · by ChicagoConservative27 · 9 replies
    Sen. Bernie Sanders has proposed paying for his proposals to transform large sectors of the government and the economy mainly through increased taxes on wealthy Americans. A pair of new studies published Monday suggests Sanders would not come up with enough money using this approach, and that the poor and the middle class would have to pay more than Sanders has projected in order to fund his ideas. The studies, published jointly by the nonpartisan Tax Policy Center and the Urban Institute in Washington, concludes that Sanders's plans are short a total of more than $18 trillion over a decade....
  • President Obama Still Hasn’t Closed The Yawning Jobs Gap

    05/09/2016 5:12:21 AM PDT · by expat_panama · 18 replies
    Investors Business Daily ^ | May 6, 2016 | Editorial
    Employment: April’s job growth was below expectations, which after seven years of missed targets shouldn’t come as a surprise to anyone. But doesn’t slow and steady win the race? The short answer is, no. Any way you look at it, April’s report was mediocre. At 160,000 new jobs, April’s number came in well below expectations — which ranged up to 240,000. The Bureau of Labor Statistics revised its job growth number down by 19,000... ...the number of people employed dropped by 316,000 last month, while 562,000 dropped out of the labor force. As a result, the labor-force participation rate dropped...
  • The Next Employment Crisis Is Here: Job Cuts At U.S. Companies Jump 35 Percent In April

    05/08/2016 5:32:39 PM PDT · by SeekAndFind · 27 replies
    TEC ^ | 05/08/2016 | Michael Snyder
    Should we be alarmed that the number of job cuts announced by large U.S. companies was 35 percent higher in April than it was in March? This is definitely a case where the trend is not our friend. According to Challenger, Gray & Christmas, U.S. firms announced 65,141 job cuts during April, which represented a massive 35 percent increase over the previous month. And so far this year overall, job cut announcements are running 24 percent higher than for the exact same period in 2015. Meanwhile, on Thursday we learned that initial claims for unemployment benefits shot up dramatically...