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Keyword: economy

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  • Obama tells voters to 'remember who started' economic recovery..

    10/22/2018 5:39:54 PM PDT · by chief lee runamok · 89 replies
    fox ^ | 10/22/2018 | Samuel Chamberlain
    Former President Barack Obama defended his record at a Las Vegas election rally Monday, telling Nevada Democrats to "remember who started" the country's economic recovery after the Great Recession and accusing President Trump of practicing "corrupt politics."
  • Obama: When you hear economy is improving, 'remember who started it’

    10/22/2018 2:35:25 PM PDT · by yesthatjallen · 132 replies
    The Hill ^ | 10/22/18 | Emily Birnbaum
    Former President Obama on Monday urged a crowd in Las Vegas to "remember who started" the current economic boom, reminding them that the country recovered from the Great Recession during his presidency. Obama echoed language from President Trump, who in July claimed his administration unleashed an "economic miracle" with tax cuts legislation. "When I walked into office ten years ago, we were in the middle of the worst economic crisis of our lifetimes," Obama said at a rally for Nevada Democrats. "By the time I left office, wages were rising, uninsurance rate was falling, poverty was falling, and that’s what...
  • Vanguard Founder Jack Bogle's Market Forecast

    10/21/2018 9:47:03 AM PDT · by NRx · 9 replies
    YouTube ^ | 10-17-2018 | Morningstar
    A short interview with Jack Bogle (the father of the low cost index fund) who gives his thoughts on where markets may be going. Appx 6 minute.
  • This chart shows how everything has changed since Trump became president

    10/21/2018 3:05:31 PM PDT · by 2ndDivisionVet · 13 replies
    CNBC ^ | October 21, 2018 | Jeff Cox
    Since Donald Trump won the presidency, he has presided over both one the most tumultuous political times in recent memory, as well as the best economy the country has seen since well before the financial crisis. Consumer and small business confidence is up — but so are both the national debt and budget deficit. The chart below, using mostly data compiled by Goldman Sachs, quantifies just how much things changed from the days just before the election in November 2016 through September 2018. Of course, the stock market has weakened in October, which has been its historically most volatile month....
  • Millennial Economic Confusion

    10/21/2018 7:50:02 AM PDT · by Sean_Anthony · 10 replies
    Canada Free Press ^ | 10/21/18 | Dr. Ileana Johnson Paugh
    Affirmative action, quotas, and other forms of government-approved and academia-sanctioned racial discrimination do not make everyone “equal” or “diverse,” it just suppresses everyone A social media post captured my attention. A millennial was boasting about a recent home purchase. Nothing out of the ordinary, home ownership is a good thing and people take pride in owning their own place, private property is the bedrock of capitalism and freedom. This millennial was buying in one of the country’s most expensive real estate markets. While boasting about a “privileged” status of people who could afford to buy homes because they had inherited...
  • Pennsylvania Families Are Thriving In The Trump Economy

    10/20/2018 5:48:12 AM PDT · by Kaslin · 32 replies
    Townhall.com ^ | October 20, 2018 | Madison Gisiotto
    The Trump economy is booming, and these benefits are helping Pittsburgh families big time.For far too long, families across the country faced an uncertain future. The so-called leaders of our nation were sending jobs and wealth overseas, leaving the American people to deal with economic decline and dependency. Even worse, draconian taxes and regulations meant that would-be entrepreneurs were held back by red tape.Resulting from President Trump’s tax cuts and deregulations, Pennsylvania has transformed into the perfect environment for business and labor demand. Those conditions have put more money back in the pockets of Pennsylvanians and have created more jobs...
  • Gross Domestic Product Explained in Layman’s Terms

    10/19/2018 10:09:39 AM PDT · by Sean_Anthony · 3 replies
    Canada Free Press ^ | 10/19/18 | Dr. Sam Clovis
    Like good real estate attracts more money, a strong economy attracts stronger investment. More Promises Made and Promises Kept Every time I start to write about the economy, I worry that I might drill down too deep, because most people don’t care as much about the details of the economy as they care about how much money is in their bank accounts and wallets. I get that, but I think it is important to offer some thoughts on the internals of the economy that may or may not be known to most. As I used to teach my students, it...
  • World Economic Forum confirms the US is great again under Trump

    10/18/2018 8:14:26 AM PDT · by yesthatjallen · 3 replies
    The Hill ^ | 10/18/18 | PAUL RODERICK GREGORY
    The World Economic Forum’s (WEF) 2018 World Competitiveness Report ranks the United States No. 1 in global competitiveness, up from No. 3 in the past few years and its first top ranking in a decade. A high ranking matters. As the WEF reports: “Global competitiveness is determined by the set of institutions, policies and factors that determine the level of productivity of a country … And productivity leads to growth ... and improved well-being. The U.S.’s top ranking therefore suggests a lot of growth and prosperity to come." According to the Davos elite (who are no fans of Donald Trump),...
  • Global Economy Throwing Up Red Flags For Oil

    10/17/2018 2:09:24 PM PDT · by bananaman22 · 72 replies
    Oilprice.com ^ | 10-17-2018 | Nick
    Investors are feeling the most pessimistic about the health of the global economy in a decade, according to a survey from Bank of America Merrill Lynch. The gloom is spreading, with a growing number of data points that point to risks for the economy. Fund managers surveyed by BofAML said they are holding onto cash instead of risking it in a frothy market, and 85 percent of them said that the economic expansion is in its late cycle. 38 percent of them said that they expect growth to slow over the next year, the highest share since November 2008, which...
  • Trump calls Federal Reserve his 'biggest threat' (must look into Obama/Rahm era activities)

    10/17/2018 6:11:28 AM PDT · by Liz · 20 replies
    AFP ^ | October 16, 2018 | staff
    Washington (AFP) - President Trump reignited his controversial criticism of the central bank Tuesday, calling the Federal Reserve his "biggest threat." Trump followed up previous strong attacks on the Fed by complaining that interest rates are rising too quickly. "My biggest threat is the Fed, because the Fed is raising rates too fast," he told Fox Business television. Trump acknowledged that the central bank is independent, "so I don't speak to them." He then leveled direct criticism at Fed Chairman Jerome Powell, who he said should be slower on interest rate rises."It's going too fast, because you look at the...
  • Dow spikes 548 points as investors cheer fat corporate profits

    10/16/2018 5:23:52 PM PDT · by John W · 54 replies
    CNN Business ^ | October 16, 2018 | Mart Egan
    New York (CNN Business)Corporate America is coming to Wall Street's rescue. The Dow soared 548 points, or 2.2%, on Tuesday as investors cheered fat profits from major companies and relative calm in the bond market. The huge rally, the Dow's best day since March, helped the index recover a chunk of last week's hefty losses. Tech stocks, the biggest losers during the market turmoil, raced back to life. The Nasdaq spiked nearly 3%, while the S&P 500 advanced 2.2%. Investors piled back into tech darlings. Amazon, Facebook and Netflix closed sharply higher.
  • U.S. Is World’s Most Competitive Economy for First Time in a Decade

    10/16/2018 4:11:18 PM PDT · by mandaladon · 36 replies
    WSJ ^ | 16 Oct 2018 | Joanna Sugden
    The U.S. is back on top as the most competitive country in the world, regaining the No. 1 spot for the first time since 2008 in an index produced by the World Economic Forum, which said the country could still do better on social issues. America climbed one place in the rankings of 140 countries, with the top five rounded out by Singapore, Germany, Switzerland and Japan. All five countries’ scores rose from 2017, with the U.S. notching the second-biggest gain after Japan’s. The top spot hasn’t gone to the U.S. since the financial crisis stalled output and triggered a...
  • Trump’s list: 289 accomplishments in just 20 months, ‘relentless’ promise-keeping

    10/16/2018 11:12:49 AM PDT · by TaxocratsAlwaysHikeTaxes · 10 replies
    Washington Examiner ^ | 10-16-18 | Paul Bedard
    THE LIST Economic Growth 4.2 percent growth in the second quarter of 2018.For the first time in more than a decade, growth is projected to exceed 3 percent over the calendar year. Jobs 4 million new jobs have been created since the election, and more than 3.5 million since Trump took office.More Americans are employed now than ever before in our history.Jobless claims at lowest level in nearly five decades.The economy has achieved the longest positive job-growth streak on record.Job openings are at an all-time high and outnumber job seekers for the first time on record.Unemployment claims at 50 year...
  • What and Who the Federal Reserve Really Is

    The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP Amoco and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch. According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation. .......long, detailed report at link
  • 'He'll be re-elected': Trump and allies tout the sweet smell of 2020 success

    10/13/2018 3:11:22 PM PDT · by 2ndDivisionVet · 43 replies
    The Manchester Guardian ^ | October 13, 2018 | David Smith in Washington
    The economy is roaring, the courts are turning right and trade wars are not producing defeats. As the president’s approval rating creeps up, is it all going right for Republicans? A strong economy with joblessness at its lowest rate for nearly half a century. A new trade deal with Canada and Mexico. Hopes of peace in the Korean peninsula. No major terrorist attacks on the homeland. A week that began with cheers at the White House for a new supreme court justice and ended with the release of an American pastor from jail in Turkey. An alien who landed in...
  • Powder keg circumstances of Iran’s society

    10/12/2018 12:06:32 PM PDT · by hassan.mahmoud · 8 replies
    mojahedin.org ^ | Oct 12,2018 | Hassan Mahmoudi
    In recent years Iran is often depicted as a powerful giant whose arms stretch across the greater Middle East, but today the Iran's regime suffers from collection of problems at home and abroad. After Sanctions, Iran’s Economy Is Looming a Crisis. On Thursday night Donald trump Vowed that The US will take care" of countries which defy its directive to bring their oil imports from Iran to zero by November 4, President Donald Trump has warned, days after India announced that two of its firms have placed orders to import crude from the Gulf nation. Iran’s currency, the rial, has...
  • Trump’s List: 289 accomplishments in just 20 months, ‘relentless’ promise-keeping

    10/12/2018 10:03:02 AM PDT · by huldah1776 · 21 replies
    The Washington Examiner ^ | October 12, 2018 | Paul Bedard
    The Trump administration’s often overlooked list of achievements has surpassed those of former President Reagan at this time and more than doubled since the last tally of accomplishments after his first year in office, giving President Trump a solid platform to run for reelection on. As Trump nears the two-year mark of his historic election and conducts political rallies around the country during which he talks up his wins in hopes it will energize Republican voters, the administration has counted up 289 accomplishments in 18 categories, capped by the confirmation of Brett Kavanaugh to the Supreme Court. They include 173...
  • Woman who spent £16m in Harrods revealed['Unexplained Wealth Order']

    10/10/2018 12:42:38 PM PDT · by Theoria · 35 replies
    BBC ^ | 10 Oct 2018 | Dominic Casciani
    A woman who spent £16m at Harrods in a decade can now be identified as Zamira Hajiyeva - the first target for the UK's new anti-corruption law. Mrs Hajiyeva lost a legal battle to stay anonymous after the media argued the public should know the full facts. Originally from Azerbaijan, she is the wife of an ex-state banker. She risks losing her £15m home near the London store and a Berkshire golf course if she fails to explain the source of her wealth to the High Court. Under the terms of the UK's first ever Unexplained Wealth Order, Mrs Hajiyeva,...
  • Break up Amazon before it does any more damage to America

    10/10/2018 9:54:11 AM PDT · by SoFloFreeper · 62 replies
    NY POST ^ | 10/9/18 | Maureen Callahan
    ....Author, entrepreneur and NYU business professor Scott Galloway has emerged as one of Amazon’s fiercest critics. At last month’s Recode Code Commerce, Galloway gave a 45-minute talk on the future of retail that savaged Amazon and warned of the threats the company poses not just economically but philosophically and morally. “I believe our society is effectively going through this very uncomfortable transition that is bad for our youth, bad for America and bad for the planet where we no longer worship at the altar of character and kindness,” he said. “We worship at the altar of innovators and billionaires.” In...
  • Kanye West will meet President Trump on Thursday to discuss manufacturing jobs ..

    10/09/2018 9:16:51 AM PDT · by COUNTrecount · 49 replies
    Daily Mail UK ^ | October 9, 2018 | By Francesca Chambers
    Trump on Thursday to discuss manufacturing jobs in Chicago and opportunities for ex-cons The rapper will meet Trump along with his son-in-law and adviser Jared Kushner They will discuss manufacturing jobs in Chicago and opportunities for ex-cons West has been a prominent supporter of the president despite public criticism Angered SNL cast members when he went on an unscheduled rant last month at the end of the show about Trump Met with Trump at Trump Tower in New York City in 2016 after he was elected Wife Kim Kardashian has been the White House two times to discuss prison reform...