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Keyword: economy

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  • Mark Levin aka "The Great One" has always been a conservative and friend of Free Republic

    08/31/2016 11:52:34 AM PDT · by Jim Robinson · 354 replies
    August 31, 2016 | Jim Robinson
    Mark Levin aka "The Great One" has always been a great constitutional conservative and great friend of Free Republic. Doesn't post much anymore but has had an account here (holdonnow) from nearly the beginning. He stood up for FR when his good friend Hannity was running us down. Also when O'Reilly accused us of not moderating our forum good enough against racism. I hate to see our good friend getting trashed on FR. I understand why people are upset with him over his position against Trump, but best advice I can give is if you can't stand him, don't listen....
  • Proving 'Em Wrong: How The U.S. Oil And Gas Industry Survived

    08/31/2016 11:02:34 AM PDT · by bananaman22 · 3 replies
    Oilprice.com ^ | 31-08-2016 | Stuart
    The Saudis counted them out. So did the Russians, even many domestic analysts said North American shale and tight oil and gas production would decline in the face of low prices and that investment would dry up and output would fall. Well, guess what? They have all been proven wrong. Sure, rig counts have dropped and there have been painful layoffs of workers, but the industry is surviving and against all the “experts” advice, production of natural gas from the Marcellus and Utica shales of the U.S. Northeast is averaging 22.63 billion cubic feet per day in August,
  • War On Cash: Discontinue Professor Rogoff’s Stupid Commentary, Not the $100 Bill

    08/31/2016 10:18:46 AM PDT · by Lorianne · 13 replies
    Real Clear Markets ^ | 30 August 2016 | John Tammy
    In a recent opinion piece for the Wall Street Journal, Harvard economist Kenneth Rogoff declared that there's "little debate among law-enforcement agencies that paper currency, especially large notes such as the $100 bill, facilitates crime." Rogoff would like to discontinue the $100 in order to - try not to laugh - reduce crime. Can the eminent economist really be so naïve as to presume that the disappearance of a piece of paper would prove effective at making the U.S. (and the world) more honest and safe? Apparently he does, while lightly acknowledging what economists refer to as the "substitution effect."...
  • Death Panel Discussion: Obamacare Costs Skyrocket; When Does It Stop?

    08/31/2016 8:32:14 AM PDT · by Lorianne · 22 replies
    Mish Talk ^ | 29 August 2016 | Mike “Mish” Shedlock
    Middle-class households are finding more of their Obamacare costs are coming out of their own pockets. Self-covered individuals are hit hardest, but employers providing coverage have fought back against rising costs by reducing plan benefits. Deductibles are up 67% since 2010. That’s seven times more than wages. And the cost of prescription drugs is out of sight. Please consider Burden of Health-Care Costs Moves to the Middle Class: “Overall, health-care spending across the economy reached 18.2% of gross domestic product as of June, up from 13.3% in 2000, according to Altarum Institute, a health research group. David Cutler, a Harvard...
  • Opinion: Get ready for a 5%-10% stock-market drop

    08/31/2016 3:06:18 AM PDT · by expat_panama · 13 replies
    Market Watch ^ | Aug 30, 2016 | Michael Brush
    If you have trades on that you’ve been thinking about selling, it’s time to sell. If you have a lot of margin on, bring it down. If you have little buying power, find a way to raise some. The reason: There’s likely going to be a significant selloff over the next two months. Of course, making short-term market prognostications isn’t easy... ...seven reasons the market looks vulnerable, and what you should do about it. 1. Investors seem too bullish again Sadly, the crowd is often wrong in the market... 2. The media are turning bullish Like investors, market commentators in...
  • Stephen Moore: Our 1 Percent Economy

    08/31/2016 3:04:19 AM PDT · by expat_panama · 10 replies
    Investors Business Daily ^ | Aug 30, 2016 | STEPHEN MOORE
    Have you noticed that Hillary Clinton wants to talk about the economy about as much as she wants to talk about Monica Lewinsky or Benghazi? Here's why: The economy is lousy. Feeble. Barack Obama's own numbers prove it. We got revised GDP numbers from the Commerce Department on Friday and the economy is actually getting worse. The rate of economic growth was slightly less than 1% for the first six months of 2016. No wonder almost half of Americans think we are still in a recession. They are personally in recession. ...best that the mighty American engine of economic growth...
  • Why an emblematic American city has turned to Trump

    08/30/2016 6:35:32 PM PDT · by 2ndDivisionVet · 5 replies
    Reuters ^ | August 30, 2016 | Timothy Aeppel
    White working-class men used to be a major political and economic force in Muncie, Indiana. After years of eroding prosperity and dwindling power, they think they’ve found their champion. MUNCIE, Indiana – One night a month, retired auto workers shuffle into a former elementary school classroom here to discuss their legal fight against the company that cancelled their health care benefits seven years ago. But the conversation often turns quickly to presidential politics. “It can get pretty heated,” says Gerald Poor, the group’s 77-year-old president, of their political discussions. “I call it to order if it gets out of hand.”...
  • Democrat Tom Coyne: Trump Is Challenging ‘Institutional Elites’ in Both Parties

    08/30/2016 10:53:55 AM PDT · by Dana1960 · 17 replies
    Breitbart ^ | 8/30/16 | Dan Riehl
    Tom Coyne, a lifelong Democrat and the mayor of Brook Park, Ohio, spoke about his endorsement of Republican presidential nominee Donald Trump with Breitbart News Daily SiriusXM host Matt Boyle. Coyne said: The parties are blurred. What’s the difference? They say the same things in different tones. At the end of the day, they accomplish nothing. Donald Trump is challenging the very fabric of the institutional elites in this country on both sides that have, quite frankly, just straight up screwed this country up and made the world a mess. Regarding the GOP establishment’s so-called Never Trumpers, Coyne stated, “If...
  • Economic Growth Stalls At Wrong Time For Hillary

    08/30/2016 9:59:49 AM PDT · by Cheerio · 21 replies
    Investors Business Daily ^ | 8/26/2016 | Robert Ramono
    "The truth is, those looking overseas for growth opportunities are the smart ones, because if we have another four years like President Barack Obama's past eight, you'd have to be an idiot to invest in America with this assault on growth by Washington, D.C." That was Americans for Limited Government President Rick Manning's shooting-from-the-hip response to the latest revision to the gross domestic product by the Bureau of Economic Analysis in the second quarter. The number was revised downward from a tepid, inflation-adjusted 1.2% annualized to 1.1%.
  • I introduced Mike Pence in Atlanta last night . . .

    08/30/2016 7:23:19 AM PDT · by Sean_Anthony · 3 replies
    Canada Free Press ^ | 08/30/16 | Herman Cain
    . . . and here's what he said I was honored beyond words last night to have been asked to introduce Gov. Mike Pence when he visited Atlanta last night. And while he made a lot of great points in his speech last night - all of which you can see below - I thought he may have summed it up best when he simply pointed out that while Americans are tired of all the failure they’ve been getting out of Washington D.C., the Democrats went ahead and nominated the one person who perfectly represents all of it. He also...
  • Caution: Men (Not) At Work

    08/30/2016 3:41:45 AM PDT · by expat_panama · 34 replies
    Investors Business Daily ^ | August 29, 2016 | Editorial
    Jobs: While the Fed and government policymakers fret over "full employment," ... ...t we are in the midst of a full-blown unemployment crisis — one that remains, in his words, "hidden." This Friday, a new jobs report will come out. If the Wall Street consensus is correct, it will show the unemployment rate continuing to hover... ...a new book... ...nearly one out of six working-age men have no job and are no longer looking for one. A release for his book calls this "a hidden time bomb with far-reaching economic, social and political consequences." With 10 million fewer male workers...
  • Is 'Transparency' In Trade Talks Just A Smoke Screen?

    08/30/2016 3:27:25 AM PDT · by expat_panama · 11 replies
    Investors Business Daily ^ | August 29, 2016 | DANIEL R. PEARSON
    One of the criticisms of trade agreements such as the Trans-Pacific Partnership (TPP) is that they are negotiated in secret. Government-to-government discussions generally are conducted in private, so some confidentiality in trade talks is not surprising. The AFL-CIO, an advocate for greater transparency, asserts that "such secrecy is inconsistent with democratic principles" and has the effect of advancing "the policy preferences of political and economic elites, not the broad interest of the populace at large." There is no doubt that transparency in government is a desirable goal. Transparency helps to assure accountability, and at times might even lead to more...
  • Welcome To The Third World, Part 18: Pensions Overwhelm Public Services

    08/29/2016 2:48:12 PM PDT · by Lorianne · 12 replies
    Dollar Collapse ^ | 26 August 2016
    Citizens of the developed world are watching Venezuela’s descent into financial and political chaos mostly, it seems, with amused detachment, safe in the assumption that we’ll never end up hunting our cats and dogs for food. But – since Europe, Japan and the US are making essentially the same mistakes as Venezuela’s past and present governments – we might want to question that certainty. Consider what’s happening in the third biggest US city: Chicago’s detective force dwindles as murder rate soars [see excerpt at source] Why should a city as apparently affluent as Chicago have such a nightmarish crime situation?...
  • Fed's Yellen, Fischer Send Mixed Messages, Leave Markets Guessing

    08/29/2016 3:06:33 AM PDT · by expat_panama · 15 replies
    Investors Business Daily ^ | August 26, 2016 | JED GRAHAM
    Federal Reserve Chair Janet Yellen said Friday that the case for a rate hike has "strengthened" in recent months, as labor market slack is fading. The U.S. economy is "now nearing the Federal Reserve's statutory goals of maximum employment and price stability," Yellen said. Financial markets, which already have been pricing in a good chance of a rate hike in December, initially took her comments in stride. Investors are less concerned about the timing of the next hike than the one after that. Treasury yields initially rose a bit, then headed slightly lower after release of Yellen's speech transcript. That...
  • IBD/TIPP Poll: Anti-Import Sentiment Grows

    08/29/2016 3:04:14 AM PDT · by expat_panama · 12 replies
    Investors Business Daily ^ | August 26, 2016 | IBD/TIPP
    Americans these days are not in a charitable mood when it comes to trade, it seems. The August IBD/TIPP Poll shows that Americans overwhelmingly favor placing restrictions on imports ... Generally speaking, do you think the U.S. trade policy should have restrictions on imported goods to protect American jobs or have no restrictions on imported goods to enable American consumers to have more choices and the lowest prices?
  • LinkedIn Enters The Gig Economy With An Upwork Competitor

    08/27/2016 10:48:43 PM PDT · by 2ndDivisionVet · 11 replies
    Fast Company ^ | August 24, 2016 | Sarah Kessler
    LinkedIn has created a freelance marketplace. Launched on Wednesday, "LinkedIn ProFinder" asks employers to submit contract jobs in categories such as design, writing, or financial services and promises to send them up to five free quotes from LinkedIn users in response. Connecting freelancers to work has become a big business for other companies. Thumbtack, a company that uses a similar match-making strategy by asking workers to submit quotes for jobs from wedding planning to accounting to home repair, charges workers a fee each time they bid on a job. Last year, its investors valued the company at $1.3 billion. Upwork,...
  • Hillary Clinton Vs. Donald Trump Vs. Investors

    08/27/2016 5:59:52 AM PDT · by expat_panama · 8 replies
    Investors Business Daily ^ | 8/26/2016 | JED GRAHAM
    Donald Trump has a few ideas and Hillary Clinton has a slew of them about how investing should change. They have one thing in common: Both make investors nervous. Clinton wants to overhaul the rules on a scope that no other major party nominee in recent decades has conceived of. Trading could get a lot more complicated and expensive... ...Trump's proposals to cut personal and corporate income taxes ... ...his anti-trade and other policies... ...his unwillingness to take on entitlements. "Trump's plan -- if you believe it -- would be good for investment... ...Clinton has crafted policies that reflect her...
  • Sorry, Hillary: Trump’s policies are clearly better for blacks

    08/26/2016 2:52:22 PM PDT · by 2ndDivisionVet · 11 replies
    The New York Post ^ | August 25, 2016 | John Lott
    Hillary Clinton claims that some of Donald Trump’s appeal is “xenophobic, racist, misogynistic.” On Thursday she asked, “If he doesn’t respect all Americans, how can he serve all Americans?” But who actually cares more about blacks, in particular poor blacks? On everything from education to jobs to crime, Trump’s policies offer a lifeline to people who have been losing ground for decades. Hillary’s policies will just exacerbate them. And no amount of speeches will change that. On education, Trump strongly supports school choice. This would give inner-city blacks a way out of horribly performing public schools. Clinton attacks charters and...
  • The Ohio Turnpike gears up for self-driving car testing

    08/26/2016 7:04:59 AM PDT · by Tolerance Sucks Rocks · 62 replies
    13 ABC ^ | August 25, 2016 | Lissa Guyton
    TOLEDO (13abc Action News) - Self-driving cars are getting closer to becoming a reality in America. Testing is underway in a few places around the country and if you travel the Ohio Turnpike, you'll soon be sharing the road with them. We spoke with drivers and the head of the Ohio Turnpike Commission about the testing. The autonomous vehicles could be on the turnpike by the end of the year. The Ohio Turnpike will be turned into a test track of sorts for the emerging technology. Randy Cole is the Executive Director of the Turnpike Commission, "It's 241 miles of...
  • The Comeback of Middle Wage Jobs

    08/26/2016 3:43:31 AM PDT · by expat_panama · 41 replies
    Real Clear Markets ^ | August 26, 2016 | Robert Samuelson
    One of the economy's bright spots is the job market - and it may be even brighter than it seems. Not only are there more jobs (1.3 million so far in 2016), but they may be better-paying, according to a new analysis by economists at the Federal Reserve Bank of New York. The Fed economists report that middle-wage workers - earning roughly $30,000 to $60,000 - represent the fastest growing segment of the labor market. By contrast, earlier in the recovery, low-wage and high-wage jobs dominated employment increases. The labor market was supposedly becoming economically "polarized," just as society was...
  • Holy Cow! Houston New Black Panther Head Quannel X Supports Trump!

    08/25/2016 10:47:41 AM PDT · by Political Junkie Too · 45 replies
    Fox 26 Face-Off KRIV Houston ^ | August 24, 2016 | Quannel X and Matt Patrick
    This is the weekly point-counterpoint show on Houston Fox affiliate KRIV 26 between Community activist Quanell X and AM 740 KTRH NewsRadio show host Matt Patrick. Quannel X discusses Donald Trump's Minneapolis speech. I was absolutely floored when I watched this last night. I think this video has the potential to dramatically shift the narrative of Trump support in the African-American community. Pay special attention to Quannel X's silence at the end when Matt Patrick sums things up. Youtube Recording of Fox 26 KRIV Faceoff -PJ
  • Federal Deficits Explode — Is Anyone Paying Attention?

    08/25/2016 4:08:47 AM PDT · by expat_panama · 45 replies
    Investors Business Daily ^ | August 24, 2016 | Editorial
    Red Ink: The Congressional Budget Office says the federal deficit will be 33% higher than last year's. Over the long term, the deficit picture is just as bleak. But on campaign trail, this looming threat gets zero attention from either Hillary Clinton or Donald Trump. The CBO's updated budget projections show that federal government's fiscal outlook has worsened considerably over the past year. Red ink in fiscal year 2016, which ends on Sept. 30, will hit $590 billion. That's much worse than the CBO had expected just a few months ago... ...the CBO projects that in 10 years the annual...
  • Does your supermarket own part of your income? [TARIFFS ARE DUMB]

    08/25/2016 3:45:08 AM PDT · by expat_panama · 89 replies
    Trib Live ^ | Tuesday, Aug. 23, 2016 | Donald J. Boudreaux
    You work and get paid. To whom do your after-tax earnings belong? Do they all belong to you or does some portion of them belong to the neighborhood grocer whose store you patronize? Who should have first dibs on the money you've earned: you or the auto dealer who sold you the last car you bought? In both cases the correct answer indisputably seems to be “you.” But not so fast. Typical discussions of trade policy imply that the answers are “the grocer” and “the auto dealer.” When politicians promise to raise tariffs on imports, they are promising to penalize...
  • Clinton’s ‘done deal’ on fighting climate change would cost $70 billion, kill jobs: report

    08/24/2016 1:14:57 PM PDT · by Innovative · 9 replies
    Washington Times ^ | Aug. 24, 2016 | Valerie Richardson
    The “keep it in the ground” fossil-fuel strategy described by Democratic presidential candidate Hillary Clinton as a “done deal” would kill more than 380,000 jobs and deliver a $70 billion annual hit to the economy, according to a report released Wednesday. The U.S. Chamber of Commerce Institute for 21st Century Energy found that banning fossil fuel production on public lands and offshore waters would result in a loss of $70 billion in annual GDP as well as $11.3 billion in royalties, along with massive direct and indirect job losses.
  • 45 Years Without Gold

    08/24/2016 3:29:29 AM PDT · by expat_panama · 25 replies
    Mises Whire ^ | 08/22/2016 | Daniel Fernández Méndez
    When World War I began, many analysts believed that the international gold standard would keep the war short. A war of attrition was not thought to be possible because the disciplining effects of the gold standard — capital flight and gold outflow — were supposed to restrain the ability of states to mobilize resources in times of war. As many believed at the time, states under the gold standard would quickly run out of money to pay for soldiers and resources. No one ever imagined that the war would last four long years and that most countries would stop using...
  • Howard Johnson's restaurant to close, leaving only 1 more (Maine)

    08/23/2016 7:32:32 PM PDT · by RightGeek · 198 replies
    WRAL/AP ^ | 8/23/2016 | David Sharp
    BANGOR, Maine — The closing of one of the last two Howard Johnson restaurants in a couple of weeks will mark the end of its fried clam strips, ice cream and other menu staples that nourished baby boomers and leave the once-proud restaurant chain teetering on the brink of extinction. The slice of roadside Americana will no longer be served up in Bangor after Sept. 6. For waitress Kathe Jewett, it's the only job she's held since starting work when the restaurant opened in 1966. "It's bittersweet, but it's nothing to be sad about," the 68-year-old Jewett insisted Tuesday during...
  • Jackson Hole: the three tough questions central banks must ask themselves

    08/23/2016 4:20:56 AM PDT · by expat_panama · 13 replies
    The Telegraph ^ | 22 August 2016 • 5:32pm | Matthew Lynn
    ....men and women who control the global monetary system get together for three days to debate the challenges facing the world economy – and how they might use monetary policy to fix it. This year’s title is “Designing Resilient Monetary Policy Frameworks for the Future”... ...Here are three good ones to start with: is quantitative easting actually working? Have we broken the banking system? And isn’t it time to update economic models that no longer tell us much about the real world? First, why isn’t QE working the way it was meant to? For a long time, central bankers were...
  • Opinion: Here’s evidence the Fed is unlikely to hike rates before Election Day

    08/22/2016 3:35:02 AM PDT · by expat_panama · 18 replies
    Market Watch ^ | Aug 19, 2016 8:19 a.m. ET | Mark Hulbert
    <p>Does the Federal Reserve play politics? You could just as well ask if the Pope is Catholic.</p> <p>Investors should be wondering about the Fed’s politics because its interest-rate setting committee will meet two more times before Election Day — Sept. 20-21 and Nov. 1-2.</p>
  • With New Wage Increase, Venezuela Braces for Worsening Inflation, Layoffs

    08/21/2016 3:38:03 PM PDT · by fella · 36 replies
    Panam Post ^ | 19 August 2016 | Sabrina Martin
    President Nicolás Maduro Raises Minimum Wage 50 Percent Venezuela’s national minimum wage was raised 50 percent this week, but experts warned President Nicolás Maduro the increase could result in closures to small businesses. During a national radio and television broadcast, the president said the minimum wage will be set at VEF $22,076 (US $2,218) monthly, while the food bonus will be VEF $42,480 (US $4,269). Maduro has bragged in the past about the 14 increases in minimum wage made over the last three years, but fails to address that the country faces the highest inflation in the world. Economists predict...
  • Trump Leads Clinton by 5+ Points in the Key Battleground State of Pennsylvania

    08/21/2016 1:34:49 PM PDT · by Trump20162020 · 155 replies
    CBS News ^ | August 21, 2016
    Republican presidential nominee Donald Trump has surged to a 5-point lead over democratic rival Hillary Clinton in the key battleground state of Pennsylvania as per a latest poll.
  • Clinton & Trump Don't Get Need for Free Economy

    08/20/2016 7:53:47 AM PDT · by expat_panama · 46 replies
    Forbes ^ | Aug 15, 2016 | Fred Smith
    As a longtime advocate for capitalism, I’ve been considering the prospects for free market ideas in a White House presided over by either of the two major party candidates for president. It’s not an easy challenge. Both candidates, in their own way, misunderstand the need for, and the benefits of, a free economy. And it’s difficult to say which brand of wrongheadedness is more damaging – attacking the best aspects of our current economic system or defending the worst. Neither major party candidate seems to understand the advantages of a free economy. Hillary Clinton... ...“every so often” the American people...
  • Infrastructure Crisis? The U.S. Is #1 In The World

    08/20/2016 7:06:48 AM PDT · by expat_panama · 22 replies
    Hoover Institution ^ | Thursday, August 18, 2016 | Paul R. Gregory
    On the campaign trail, Hillary Clinton and Donald Trump have been claiming that the United States needs more and better infrastructure. Like many other politicians before them, they say that infrastructure creates economic growth and jobs; they argue that we have too little of it; and they believe it must be provided by government. The truth is, though, that U.S. infrastructure ranks near the top in the world. No matter: the political script is that we need more government spending on infrastructure, and we need it now. Democrats call for a publicly funded infrastructure bank to address America’s “crumbling” infrastructure....
  • The Clinton and Trump Economic Plans: Growing the State or the Private Sector

    08/19/2016 4:54:26 PM PDT · by oblomov · 4 replies
    Epoch Times ^ | 19 Aug 2016 | Valentin Schmid
    With poll after poll saying the economy is the most important issue in the presidential election, the candidate who connects with voters on this subject has a good chance of winning it all. Donald Trump’s and Hillary Clinton’s economic plans offer a clear choice. Trump seeks to revive American greatness with policies aimed at kick-starting economic growth. Clinton seeks fairness and more benefits for the middle and working classes. Their proposals fall on either side of one question: Is the state or the individual better at spending the peoples’ money? Trump clearly thinks the people—as individuals or through the companies...
  • Opinion: Six myths about the U.S. economy that are just plain wrong [WAGES & GROWTH UP, DEBT DOWN]

    08/19/2016 3:47:51 AM PDT · by expat_panama · 48 replies
    Market Watch ^ | Aug 18, 2016 10:56 a.m. ET | Michael Brush
    1. The economy is merely “trudging along” at stall speed, so stocks are vulnerable This misperception is forgivable, given that U.S. GDP growth came in at around 1% for the first and second quarters. But to really understand the economy, you have to drill down on a lot more numbers than just GDP. And when you do so, the weak GDP numbers seem fishy. They just don’t jibe... * Employment growth is strong ... * Loan growth is robust... * Wage growth is solid. * Consumer spending is strong... The upshot? “Concern over the economy’s performance is running high, but...
  • Di Leo: Chain Closings and the Very Big Picture

    08/18/2016 8:38:47 PM PDT · by jfd1776 · 29 replies
    Illinois Review ^ | Thursday, August 18, 2016 | John F. Di Leo
    Should we be worried if the stock market doesn’t seem to be? We get the oddest mixed signals from the economy sometimes, don’t we? In recent months, we have learned of 95 Ruby Tuesday restaurants that will be shutting their doors… and that Macy’s will be closing a hundred department stores… and that 255 Hancock Fabric stores will be closing… and that Sports Authority will close virtually all 450 of its locations… the list goes on and on. Every week, there’s another such announcement, and yet the Dow Jones Industrial Average keeps setting record highs. And so, some of us...
  • Why oil prices just stampeded into bull-market territory

    08/18/2016 4:42:04 PM PDT · by BlackVeil · 30 replies
    MarketWatch ^ | Aug 18, 2016 | Myra Saefong
    Oil prices officially charged into a bull market Thursday as the prospect of an output freeze by major producers, data showing the first weekly fall in U.S. crude supplies in a month, and a decline in the dollar boosted prices. Crude-oil prices have advanced more than 20% from their Aug. 2 low over the past several sessions...September West Texas Intermediate crude CLU6, +0.23% climbed by $1.43, or 3.1%, to settle at $48.22 a barrel
  • Robots Will Not Be a Barrier to Job Creation [BAD POLICY IS THE THREAT]

    08/18/2016 4:25:36 AM PDT · by expat_panama · 24 replies
    Real Clear Markets ^ | August 18, 2016 | Robert Samuelson
    We are such an anxiety-ridden society that we worry about problems that haven't happened, and, almost certainly, won't. Robots are an apt example. Even McKinsey and Co., the high-powered management consulting firm, professes to be concerned. We imagine hordes of robots destroying jobs, leaving millions of middle-class families without work and income. Relax. Unless we adopt self-destructive policies, this is one doomsday we'll avoid. One thing that the U.S. economy excels at is creating jobs. You might doubt this listening to Donald Trump and Hillary Clinton, who promise personally to create millions of high-paying jobs. This is misleading. The overwhelming...
  • Spanish Marxist Professor Alfredo Serrano Is the Man Behind Venezuela’s Economic Mess

    08/17/2016 7:33:15 PM PDT · by fella · 10 replies
    Panam Post ^ | 16 Aug 2016 | Orlando Avendano
    Maduro Places Confidence in a Spanish Marxist Professor He Calls 'the Jesus Christ of the Economy The main culprits of the most radical measures taken by the Venezuelan government come from Spanish politician Alfredo Serrano Mancilla, according to Spanish Adviser to President Nicolás Maduro Deputy Carlos Valero. Valero told the newspaper ABC in Spain that Serrano “is the author of the latest and most radical economic measures undertaken by the Chavistas, who have only managed to impoverish the country.” Expropriations, the seizure of businesses, “urban agriculture” on balconies, the soviet supply system and forced employment in the public agriculture sector...
  • Fed Survey: Obamacare Causing Companies to Cut Jobs

    08/17/2016 1:56:24 PM PDT · by Brilliant · 15 replies
    WSJ ^ | Aug 16, 2016 | Vipal Monga
    Many companies are cutting jobs in response to rising health care costs spurred by the Affordable Care Act, according to a new survey by the Federal Reserve Bank of New York. Roughly one-fifth of service sector and manufacturing company executives said they are reducing the number of workers in response to provisions in the healthcare law... The New York fed surveyed about 100 executives in the manufacturing sector and roughly 150 executives in the services sector located in New York State, Northern New Jersey and Fairfield County, Connecticut... The results add to a bevy of bad news related to the...
  • HILLARY'S IN TROUBLE: LA Times Poll: Trump's SURGING with African Americans

    08/17/2016 11:30:55 AM PDT · by BlackFemaleArmyCaptain · 141 replies
    HILLARY'S IN TROUBLE: LA Times Poll: Trump's SURGING with African Americans.
  • Cisco Systems to lay off about 14,000 employees: Report

    08/17/2016 5:01:58 AM PDT · by mykroar · 64 replies
    CNBC.com ^ | 8/17/2016 | Reuters
    Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to the company. San Jose, California-based Cisco is expected to announce the cuts within the next few weeks, the report said, as the company transition from its hardware roots into a software-centric organization. Apart from Cisco, two other big software companies, Microsoft Corp and HP Inc, have also announced job cuts this year.Microsoft said in July that it would lay off about 2,850 jobs over the next 12 months, taking its total...
  • Fed officials eye interest rate hike this year (DEFLATION AND FED HIKES RATES!)

    08/17/2016 3:14:45 AM PDT · by expat_panama · 16 replies
    reuters ^ | August 16, 2016 | Business News
    The Federal Reserve is raising expectations for an interest rate rise this year, even as early as next month, after two policymakers on Tuesday said the economic stars now appear to be aligning despite weak U.S. economic growth in the first half of 2016. New York Fed President William Dudley said "it's possible" to raise rates at the Sept. 20-21 policy meeting given evidence of wage gains and a tighter labor market that could boost inflation, while Dennis Lockhart of the Atlanta Fed said a hike next month is in play. The comments, which prompted investors to boost bets on...
  • Donald J. Trump Remarks on Creating a New and Better Future for America’s Inner Cities

    08/16/2016 8:39:55 PM PDT · by Ray76 · 82 replies
    DonaldJTrump.com ^ | Aug 16, 2016 | Donald J. Trump
    It’s so great to be here tonight. I am honored to also be joined this evening by Governor Scott Walker, Chairman Reince Priebus, and Mayor Rudy Giuliani. We are at a decisive moment in this election. Last week, I laid out my plan to bring jobs back to our country. Yesterday, I laid out my plan to defeat Radical Islamic Terrorism. Tonight, I am going to talk about how to make our communities safe again from crime and lawlessness. Let me begin by thanking the law enforcement officers here in this city, and across this country, for their service and...
  • The Real Existential Threats of 2016

    08/16/2016 11:26:08 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | August 16, 2016 | Pat Buchanan
    On Sept. 30, the end of fiscal year 2016, the national debt is projected to reach $19.3 trillion. With spending on the four biggest budget items -- Medicare, Medicaid, Social Security, defense -- rising, and GDP growing at 1 percent, future deficits will exceed this year's projected $600 billion. National bankruptcy, then, is among the existential threats to the republic, the prospect that we will find ourselves in the not-too-distant future in the same boat with Greece, Puerto Rico and Illinois. Yet, we drift toward the falls, with the issue not debated. Ernest Hemingway reminded us of how nations escape...
  • Hillary Clinton: Tax, Spend and Recession

    08/16/2016 6:06:01 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | August 16, 2016 | Stephen Moore
    Poor Hillary Clinton. She's trying so fervently to come up with at least one new and inspiring idea to jump-start a moribund economy and help the financially stressed middle class. But the left's idea cupboard is empty. They have nothing to offer except: tax; spend; spin; hit the button again. So in her speech on Thursday on the economy, she proposed last week's leftover cold porridge. And it doesn't taste any better today than when President Obama first served it up. Clinton touted her proposed jobs program, which she has said she will launch "in (her) first 100 days (in...
  • Housing, Industry, Inflation Data Will Show If Economy As Sluggish As Retail Sales

    08/16/2016 3:15:55 AM PDT · by expat_panama · 18 replies
    Investors Business Daily ^ | August 15, 2016 | ED GRAHAM
    A raft of data out Tuesday morning will provide a signal as to whether growth is as tepid as the latest retail sales report showed, or whether the strong July jobs report is more reflective of reality. Unexpected strength could reverse the recent pullback in Treasury yields, mortgage rates and the dollar if markets begin to price in a stronger likelihood that the Federal Reserve will hike interest rates before March 2017, as the CME Group Fed Watch tool now shows. Tuesday's read on July housing starts and building permits, released by the Commerce Department at 8:30 a.m. ET, may...
  • The Unsexy Truth About Millennials: They’re Poor

    08/15/2016 11:06:57 AM PDT · by Lorianne · 269 replies
    Daily Beast ^ | 05 August 2016 | Samantha Allen
    Millennials are not some vast unsolvable mystery. According to a report from the U.S. Census Bureau (PDF), they earn $2,000 less than their parents did at a comparable age, they are more likely to live in poverty, and they are more likely to live at home. But Baby Boomers and Gen Xers still seem to find it hard to believe that basic economic math can explain much of the younger generation’s behavior. After several news outlets, including The Daily Beast, reported that rates of millennial sexual inactivity in early adulthood are surprisingly high, armchair social theorists came out in force...
  • Here's Why Wages Have Stagnated--and Will Continue to Stagnate

    08/15/2016 11:18:41 AM PDT · by Lorianne · 16 replies
    Of Two Minds ^ | 14 August 2016 | Charles Hugh Smith
    The only way to reverse declines in labor participation and stagnation in wages and demand is to make it easier to start enterprises and hire people. The reason why mainstream economists don't understand these developments is they don't: 1. Consider the systemic impact of energy and EROEI (energy returned on energy invested). 2. Consider the systemic impact of fast-rising private and public debt. 3. Consider the systemic impact of rising inflation resulting from state-cartel capitalism; the only possible output of state-cartel capitalism is a higher cost structure for' the entire economy. 4. Consider that consumption is exhausted because everyone already...
  • Standing Ovation: Trump’s Economic Plan

    08/15/2016 4:59:16 AM PDT · by Kaslin · 19 replies
    Townhall.com ^ | August 15, 2016 | Katie Kieffer
    Yes, Donald J. Trump has an economic plan. Last week, he received standing ovations and 10-second-long applauses from ordinary Americans who heard him explain how his plan will create more jobs than Hillary Clinton’s. “Donald Trump doesn’t have a plan! He’s all bluster and no muster,” is a common criticism of the GOP presidential nominee. But the entrepreneur proved his critics wrong when he announced his economic plan in Detroit, MI last week. Hillary, on the other hand, is a gal without a clear economic vision. “We are going to raise taxes on the middle class!” and “We are going...
  • Tough Talk On Trade

    08/15/2016 4:15:16 AM PDT · by expat_panama · 33 replies
    Investors Business Daily ^ | August 12, 2016 | Editorial
    Trade: On the campaign trail, both Republican candidate Donald Trump and Democratic presidential candidate Hillary Clinton have become increasingly anti-free trade. Free traders may be in for a nasty surprise. Right now, given current polls, Clinton seems most likely to be the next chief economic policy maker. If so, she will be the most anti-free trade leader of a major party since World War II. In recent days, Clinton has criticized trade deals that she says hurt jobs... ...she promised to "ramp up enforcement" of trade laws and to even appoint a "chief trade prosecutor." Criminalizing trade. Really? Economists largely...