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Keyword: economy

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  • The American economy is stronger than ever six months after tax cuts

    06/22/2018 9:25:43 AM PDT · by yesthatjallen · 14 replies
    The Hill ^ | 06/22/18 | Mattie Duppler
    Six months ago today, President Trump signed into law the Tax Cuts and Jobs Act, historic legislation which streamlined our tax code and offered much-needed tax relief to the American people. Since passage of the bill, the once-in-a-generation tax overhaul championed by President Trump and Republicans in Congress has already provided numerous benefits and an even brighter future for the American people. Gone is the outdated system that took too much of our money, sent our jobs overseas and stagnated our economy. Americans are now seeing thousands of dollars in tax relief and bigger paychecks. Middle-class families are benefitting from...
  • Economic scramble for North Korea picks up pace

    06/20/2018 10:16:27 PM PDT · by 2ndDivisionVet · 7 replies
    The Straits Times ^ | June 21, 2018 | Bryan Harris, Lucy Hornby, Song Jung A and Demetri Sevastopulo
    SEOUL/BEIJING/WASHINGTON • When United States President Donald Trump outlined his vision for the economic development of North Korea, he played on Western ideals of luxurious apartments with sea views. But just days after a landmark summit with the US President, North Korean leader Kim Jong Un has made clear that he has a different model in mind: China. The 34-year-old Chairman of the State Affairs Commission was set to depart Beijing yesterday after a two-day tour aimed at winning China's financial backing for what Pyongyang says will be a new era of reduced international tensions and domestic economic development. Scepticism...
  • Can Kim become Deng?

    06/20/2018 9:05:47 AM PDT · by 2ndDivisionVet · 12 replies
    Korea JoongAng Daily ^ | June 21, 2018 | Professor Kim Byung-yeon
    What kind of future does Kim Jong-un envision for North Korea? The young leader has dramatically remade his image from a ruthless nemesis into a daring visionary ushering a secluded nation into the world. Now, pundits are busy debating the intentions of the young leader and the possibility of an opening of the economy. They suggest the models of China, Vietnam, Singapore and even South Korea under Park Chung Hee, the strongman credited for the country’s staggering industrialization after postwar devastation. Optimists bet liberalization is on course now that North Korea has declared an end to nuclear weapons development. Skeptics...
  • 15 surprising ways North Korea could become rich

    06/18/2018 6:27:15 PM PDT · by 2ndDivisionVet · 44 replies
    love money ^ | June 18, 2018
    Hard-up North Korea has so much to gain from denuclearising and becoming part of the civilised world. The hermit kingdom was actually wealthier than the now-affluent South before the Korean War, and is blessed with everything from abundant mineral resources and oil reserves to fertile agricultural land and stunning tourist-friendly beaches, as noted by President Trump. With this in mind, here are 15 industries that could make North Korea very rich indeed. Tourism During their historic summit in Singapore this month, President Trump showed Kim Jong-un a video extolling the virtues of tourism. “They have great beaches,” President Trump told...
  • For South Koreans, Singapore summit was far from a failure

    06/18/2018 8:25:27 AM PDT · by 2ndDivisionVet · 12 replies
    WENY-TV ^ | June 18, 2018 | Nic Robertson, CNN international diplomatic editor
    We've made much of what President Donald Trump failed to get from Kim Jong Un in Singapore. Those failures would include steps toward verifiable irreversible denuclearization -- and a guarantee of an end to human rights abuses. Those are just a couple of the major issues. Then there's what he gave away: A sloppy salute and the upper hand in what should have been the toughest negotiation of his life. Negotiations held with an insecure hermit dictator who was said by South Korean intelligence sources to have ordered the murder of his half brother. In South Korea, however, the prism...
  • The energizing American Shipbuilding Act of 2018

    06/17/2018 6:49:55 PM PDT · by 2ndDivisionVet · 24 replies
    American Journal of Transportation ^ | June 7, 2018 | Stas Margaronis
    Last week, Congressman John Garamendi (D- CA), the ranking Democrat on the House Subcommittee for Coast Guard and Maritime Transportation, introduced The Energizing American Shipbuilding Act of 2018. The bipartisan bill, which would require the construction of over fifty ships and the creation of thousands of maritime and mariners’ jobs, is being carried in the Senate by Senator Roger Wicker (R-MS). In an interview with AJOT, Garamendi said that projections of 50 new shipbuildings by 2040 comes from “the legislationwhich requires a small percentage of exported crude oil and liquefied natural gas (LNG) to be transported on U.S.-built and U.S.-flagged...
  • Liz Peek: Negative Nancy Pelosi bummed out by booming Trump economy

    06/17/2018 3:47:40 AM PDT · by Libloather · 16 replies
    Fox News ^ | 6/11/18 | Liz Peek
    Is Nancy Pelosi a secret agent for the Republican Party? Sometimes you have to wonder. Her latest outburst, in which she derides the accelerating economy and declining unemployment, is so nonsensical that it demeans Democrats’ credibility, shows them to be remarkably out of touch with average Americans and underscores the poverty of their competing platform. It isn’t the first time Pelosi has given GOP candidates rich fodder for ridicule; remember how she compared thousand-dollar bonuses to “crumbs?” That’s a clip that will show well in midterm campaign ads. Pelosi’s latest Twitter sensation came amidst her weekly press conference, at which...
  • More millennials are embracing the idea of starting a small business in the Trump era

    06/16/2018 9:26:21 AM PDT · by GonzoII · 9 replies
    Washington Examiner ^ | June 15, 2018 | John Patrick
    New research indicates that more millennials are leaving the traditional 9-to-5 job in hopes of starting their own business. Young people have President Trump’s tax cuts to thank, as they are helping grow the American economy at levels not seen in decades. According to recent analysis by MetLife insurance, four in 10 millennials are planning to quit their current jobs within the next five years and seek out work as a freelancer in the labor market. According to one millennial entrepreneur, the idea of starting one’s own business and being your own boss is a major priority among young entrepreneurs
  • 500 Days of Unleashing Our Economic Engine

    06/16/2018 8:38:40 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | June 16, 2018 | Paull Driessen
    The “mainstream media” remains riveted on alleged Trump-Russian collusion and how the Trump-Kim Jong Un deal will fail. But it mostly ignored reports on Russia-environmentalist collusion and China-environmentalist collusion – and milestones reached during the Trump administration’s first 500 days.In that short time, the US economy has gone from the lowest labor participation rate since the 1970s to nearly the lowest Black, Hispanic and women’s unemployment rates in history. It added 223,000 jobs just last month. Many employers are struggling to find qualified workers, even though private sector salaries and benefits have been increasing to attract them. (Perhaps generous...
  • Turkey’s economic crisis has just begun

    06/14/2018 9:03:23 PM PDT · by Texas Fossil · 8 replies
    Asia Times ^ | June 12, 2018 11:29 PM | David P. Goldman
    What happens next may look like Greece during its financial collapse – meaning Turkey’s economy could shrink by 10%-20% The Turkish central bank managed to halt the free-fall of the country’s currency last week with a sharp rise in interest rates. But the move failed to stop the free-fall of Turkey’s equity market and – far more dangerous – the collapse of the credit quality of Turkey’s banks. Only last October, the euro-denominated 10-year bond of Turkey’s largest private lender, Garanti Bank, yielded just 3%. Now it yields more than 7%, and the dollar value of the bond has fallen...
  • More toll lanes from Baltimore to Richmond? Business leaders push them to ease traffic jams

    06/14/2018 9:12:56 PM PDT · by Tolerance Sucks Rocks · 12 replies
    WTOP ^ | May 16, 2018 | Max Smith
    WASHINGTON — A group of powerful business leaders is calling for more toll lanes on highways from Richmond, Virginia, to Baltimore.The first focus of the Greater Washington Partnership’s toll lane push is expected to be on Maryland’s plans for toll lanes around the Capital Beltway and up part of Interstate 270, with lobbying from the CEOs of some of the largest companies in Maryland, Virginia and the District to get the rules in Maryland to match those on Virginia’s Interstate 495 Express Lanes.Virginia’s lanes are free with a minimum of three people in the car and an E-ZPass Flex, while...
  • The Real Economic Numbers: 21.5% Unemployment, 10% Inflation And Negative Economic Growth

    06/13/2018 7:55:59 PM PDT · by SeekAndFind · 90 replies
    TEC ^ | 06/12/2018 | Michael Snyder
    Every time the mainstream media touts some “wonderful new economic numbers” I just want to cringe. Yes, it is true that the economic numbers have gotten slightly better since Donald Trump entered the White House, but the rosy economic picture that the mainstream media is constantly painting for all of us is completely absurd. As you are about to see, if honest numbers were being used all of our major economic numbers would be absolutely terrible. Of course we can hope for a major economic turnaround for America under Donald Trump, but we certainly are not there yet. Economist John...
  • Reuniting North Korea and South Korea could cost trillions of dollars

    06/12/2018 1:07:11 PM PDT · by 2ndDivisionVet · 99 replies
    CBS News Money Watch ^ | June 12, 2018 | Jillian Harding
    President Donald Trump's historic summit with North Korean leader Kim Jong Un in Singapore on Tuesday, following on the heels of the two Korean leaders meeting a little over two months ago, has raised the question of whether North Korea and South Korea would ever reunite. Analysts say unifying North and South Korea could cost a trillion dollars under the best of circumstances and take several decades. The final price tag would also depend largely on what the catalyst for reunification is. Some analyses put the cost of reunification at far more -- closer to $3 trillion. Experts argue that...
  • Now It Must Be Asked: Are Democrats Hoping For A Recession?

    06/12/2018 3:21:58 AM PDT · by IBD editorial writer · 48 replies
    Investor's Business Daily ^ | 6/11/2018 | IBD Editorial Board
    Politics: Rather than rooting on the strong economy, Democrats have taken to ignoring it, belittling it or, like Bill Maher did over the weekend, rooting for a recession. The extent to which Trump critics will go is truly mind-boggling. The unemployment rate is at 49-year lows overall, and lower than ever for African-Americans. Household incomes are at record highs. The U.S. reclaimed its No. 1 rank in competitiveness. Economists are revising their growth forecasts upward. Optimism is at levels not seen in more than a decade. Clearly the economy is doing well. And what's more, the public is increasingly crediting...
  • 'Hip Hip Hooray:' Pelosi's Clueless Mockery of Economic Progress is Gold for the GOP, But...

    06/11/2018 6:12:04 PM PDT · by Kaslin · 12 replies
    Townhall.com ^ | June 11, 2018 | Guy Benson
    A number of months ago, when Republicans' collective 2018 fate was looking fairly bleak, I attended an off-the-record briefing that reviewed internal party polling, highlighting the party's strengths and weaknesses heading into a challenging midterms.  The political headwinds, as they're often referred to, were blowing against Team Red -- based both on historical precedent and measurable electoral outcomes.  Many of those same obstacles remain firmly in place today.  But two of the bright spots that the assembled GOP gurus underscored were (a) the growing strength of the US economy, thanks to tax reform and other policies, and (b) the polarizing unpopularity of...
  • Trump economy is doing fine, to the chagrin of the dismal science

    06/11/2018 9:45:01 AM PDT · by 2ndDivisionVet · 14 replies
    Market Watch ^ | June 11, 2018 | Peter Morici
    Tax cuts, deregulation and smart trade policies will make America boom They don’t call it the dismal science for nothing. Remember Paul Krugman predicting the apocalypse in the wake of Donald Trump’s election. And now with the economy clipping along at nearly 3%, deregulation and lower taxes reviving manufacturing, and consumers confidently spending again, some two-thirds of private-sector prognosticators see a recession beginning as early 2020. The new doomsday scenario offered by the Congressional Budget Office and others is that the economy is getting only a temporary jolt from tax cuts and increased government spending, and aggregate demand will tail...
  • Bold Reforms Needed to Fuel the Trump Economy

    06/11/2018 5:13:43 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | June 11, 2018 | Ken Blackwell
    It’s no secret that President Trump has shaken up the Washington, DC establishment in his first 500 days in office. His less than conventional administration is clearly less worried about political niceties and protocol and is squarely focused on creating millions of new jobs. The Trump economy is squashing unemployment rates down to their lowest levels in 18 years - 3.8 percent. 223,000 private-sector jobs were created in May alone. Since President Trump’s election, businesses have added over three million new, private-sector jobs.Part of the Trump success story is the president’s bullish moves to cut regulatory burdens on U. S....
  • Trump Tweets on Trade, Singapore, Germany and Canada (Tweetstorm!)

    06/10/2018 8:47:08 PM PDT · by Ken H · 35 replies
    Twitter ^ | June 10, 2018 | President Donald J Trump
    Sorry, we cannot let our friends, or enemies, take advantage of us on Trade anymore. We must put the American worker first! 10:41 pm - June 10, 2018 _____· Great to be in Singapore, excitement in the air! 9:45pm - June 10, 2018 _____ ....Germany pays 1% (slowly) of GDP towards NATO, while we pay 4% of a MUCH larger GDP. Does anybody believe that makes sense? We protect Europe (which is good) at great financial loss, and then get unfairly clobbered on Trade. Change is coming! 9:41 pm - June 10 - June 10, 2018 _____ ....And add to...
  • Bill Maher Hopes For A Recession, Audience Applauds

    06/10/2018 10:23:39 AM PDT · by SeekAndFind · 40 replies
    Hotair ^ | 06/09/2018 | Karen Townsend
    Political talk show host Bill Maher has a bad case of Trump Derangement Syndrome and the symptoms were on full display Friday night. The HBO show host said that he now wishes an economic recession in America in order to get rid of President Trump. I wish his statement was some kind of lame, offputting failed joke but Maher was perfectly serious. And, yes, fellow deranged audience members applauded him.During his Friday night show, Maher began his monologue by addressing the G7 Summit in Quebec this weekend. He described Trump’s arrival Friday as “Right on schedule, the turd showed...
  • Where The Hell Have You Been, Lady? Pelosi's Remarks On The Economy Aren't Grounded In Reality

    06/09/2018 3:03:11 PM PDT · by Kaslin · 56 replies
    Townhall.com ^ | June 9, 2018 | Matt Vespa
    Rep. Nancy Pelosi (D-CA) could be talking the way out of a 2018 midterm win. It’s still possible, however.  A lot of indicators have shifted away from the Democrats in that endeavor. The generic ballot advantage Democrats enjoyed has been chipped away. The messaging is off. They’re now fighting the same losing battles with Trump, like defending trashing the American flag and the national anthem, with the most recent giving cover to MS-13 gang members as folks…who aren’t so bad. Sorry, no—they’re garbage human beings who are thugs, rapists, and murderers, devoid of any humanity. They deserve to be treated...