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Keyword: economy

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  • USAA To Stop Running Ads On Rachel Maddow’s Show

    05/27/2017 12:22:25 PM PDT · by HarleyLady27 · 79 replies
    The Daily Caller ^ | May 26, 2017 | Peter Hasson
    After facing a backlash for pulling advertisements from Fox News’ host Sean Hannity’s show, USAA will no longer run ads on liberal MSNBC host Rachel Maddow’s show. The insurance company originally claimed that it would no longer run ads on “Hannity” because of a company policy against airing ads on “opinion shows.” The Media Research Center then revealed that the company had placed ads on MSNBC shows hosted by Maddow, Chris Hayes and Lawrence O’Donnell, all of whom present the news from a liberal viewpoint. (RELATED: USAA’s Excuse For Pulling Ads From ‘Hannity’ Is Full Of Holes) USAA told ABC...
  • Q1 GDP Stuck at 1.2%

    05/26/2017 3:45:32 PM PDT · by ForYourChildren · 13 replies
    CNS News ^ | 05/26/2017 | Terence P. Jeffrey
    The Bureau of Economic Analysis’s advance estimate of real gross domestic product in the first quarter of 2017, which was released in April, had the U.S. economy growing at an annual rate of just 0.7 percent. The BEA’s second estimate, which is “based on more complete source data” and which was released today, increases the estimate for the annual rate of first quarter growth in real GDP to only 1.2 percent. In the last quarter of 2016, according to the BEA, real GDP grew at an annual rate of 2.1 percent, while for all of 2016 it grew at only...
  • Bizarre CBS Spin on Improved Economy: More Traffic Deaths

    05/26/2017 5:48:19 AM PDT · by PJ-Comix · 21 replies
    NewsBusters ^ | May 25, 2017 | P.J. Gladnick
    The U.S. economy under President Donald Trump is already showing signs of great improvement. So if you are CBS News how can you spin this good news into something resembling bad news? You might think this could be an impossible task but on the May 25 CBS This Morning, they managed to put a very creative bad news spin on the good news economy as you can see delivered by Norah O'Donnell in the following video:
  • Southeast Asian market rises in importance as affluents flock to region

    05/25/2017 10:43:26 PM PDT · by 2ndDivisionVet · 1 replies
    Luxury Daily ^ | May 25, 2017 | Brielle Jaekel
    The 3.5 million high-net-worth individuals located in the Asia Pacific region makes the market increasingly important for the luxury sector, as the affluent group's appetite for high-end continues to grow. Countries of the Association of Southeast Asian Nations are becoming an increasingly important part of consumerism in the luxury market. Countries that make up the association such as Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam are expected to become the fourth largest economy by 2020. “The ASEAN nations are part of a high-growth region where we are active in terms of member growth and hosting...
  • The Keynesian Cult Has Failed: "Emergency" Stimulus Is Now Permanent

    05/25/2017 7:04:40 PM PDT · by Lorianne · 9 replies
    Of Two Minds ^ | 23 May 2017 | Charles Hugh Smith
    Can we finally admit that eight years of following the Keynesian coloring-book have not just failed, but failed spectacularly? ___ What do we call a status quo in which "emergency measures" have become permanent props? A failure. The "emergency" responses to the Global Financial Meltdown of 2008-09 are, eight years on, permanent fixtures. Everyone knows what would happen if the deficit spending, money-printing, zero interest rates, shadow banking, asset purchases by central banks and all the rest of the Keynesian Cult's program stopped: the status quo falls apart. Keynesianism Vs The Real World Let’s start by reviewing the core contexts...
  • Budget News OMB Director Mulvaney Press Conference on Trump FY 2018 Budget

    05/25/2017 9:46:37 AM PDT · by HarleyLady27 · 14 replies
    The Conservative Tree House ^ | May 25, 2017 | Sundance
    Office of Management and Budgets (OMB) Director Mick Mulvaney outlines the structure, intents and purposes of the Trump administration Fiscal Year 2018 Budget. “The Taxpayers Budget”. With Video...
  • Trump Effect? Household Income Hits 15-Year High

    05/24/2017 12:41:43 PM PDT · by HarleyLady27 · 4 replies ^ | May 23, 2017 | John Merline
    or eight years, President Obama endlessly talked about "middle class" economics. All the while, middle-class family incomes were stagnant. Now they are on the rise. Could Trumponomics be the reason? In April, real median household income reached $59,361, according to the latest report from Sentier Research. That's up 2% since January, and is as high as it's been since February 2002. Expressed as an index, median household income was 100.9 in April, which is the first time this index has topped 100 since December 2008.
  • Christie highlights employment gains during final news conference in Statehouse

    05/22/2017 4:17:39 PM PDT · by GuavaCheesePuff
    Burlington County Times ^ | May 22, 2017 | David Levinsky
    TRENTON — Gov. Chris Christie touted New Jersey employment gains on Monday during a Statehouse news conference at which he also warned voters to choose his successor carefully or risk undoing the economic progress made during his nearly eight-year tenure. The hourlong news conference was Christie's last in the governor's outer office, as he and his staff are expected to move to temporary offices nearby on State Street while the executive branch of the Statehouse undergoes about $300 million in renovations.
  • It took a non-politician…

    05/21/2017 9:49:21 AM PDT · by HarleyLady27 · 15 replies
    The Conservative Tree House ^ | May 21, 2017 | Sundance
    No back-channel discussions kept hidden from allies out of a concern for their political opinion of impact. No mysterious hidden transactions kept shrouded from the American electorate. No nuanced details tucked away only to be discovered later. No secret transfers of pallets of cash handled through third-parties to avoid fingerprints. No need for the construction of plausible deniability or mysterious parseltongue terminology. Open and frank discussion of benefits and costs. Openly transparent details of every deal and every participant in the structure therein. Direct, plain-spoken language outlining the value and purpose of the agreement. Every moment and consequential encounter conducted...
  • Dodd-Frank Has Crippled Our Economic Recovery. This Bill Will Unleash Real Growth Again.

    05/20/2017 8:23:02 PM PDT · by ForYourChildren · 31 replies
    Dailty Signal ^ | 05/18/2017 | Sondra Clark
    Have you noticed that free checking accounts are now nearly nonexistent, and locally owned stores are increasing the $5 minimum charge on debit cards? These are not the result of some financial conspiracy. They are a direct result of Dodd-Frank regulations. After the financial crash of 2008, President Barack Obama decided to increase the role of the federal government in the economy and impose massive new regulations on banks. As one might assume, this hasn’t worked out so well. Included in the over 3,500-page Dodd-Frank bill are rules restricting access to credit for investors and homebuyers, raising lending costs for...
  • A recruitment war is coming

    05/20/2017 9:55:22 AM PDT · by ForYourChildren · 57 replies
    Fox News ^ | 05/20/2017 | Bob Funk
    As Washington debates what actions to take to rev up economic growth, the free-market private sector, which waits for no one, is witnessing the beginning of a new trend. For a decade, America has been a tale of two economies: a strong one for skilled workers and a worrisome, poor one for workers without skills. The gap, however, is now diminishing, as low unemployment, rising expectations and economic reality are causing a recruitment war to begin, a war that’s good for workers, including those with no skills. I hear it from employers across the country – if they don’t raise...
  • President Trump CRUSHES Obama in First Four Months Comparison

    05/14/2017 12:16:51 PM PDT · by HarleyLady27 · 7 replies
    Gateway Pundit ^ | May 14, 2017 | Jim Hoft
    It’s now six months since the Presidential election which was held on November 8th, 2016 and almost four months since President Trump’s Inauguration on January 20th. How is President Trump doing? The main stream media (MSM) and Democrat Party insist that President Trump should be impeached. But is this reasonable? Perhaps the best measurement of President Trump’s first few months in office is to compare President Trump with President Obama, the MSM’s ideal and perceived greatest President. So here it is – a comparison between Presidents Trump and Obama in their first six months since their respective election wins and...
  • Those Damn Millennials

    05/12/2017 5:14:22 AM PDT · by Kaslin · 20 replies ^ | May 12, 2017 | Bill Tatro
    Pension plans continue to blame poor market performance for their continuing dire straits of massive underfunding. Irrespective of all time market highs, their actuarial assumption of 8% has been impossible to achieve and continues to be way out of reach. Municipalities around the country are entering the summer season with expectations of violence not seen in several decades. Yet many are cutting back on police and fireman, for lack of money, just at the moment they seem to need them the most. Finally, the repairing of roads and bridges, popularly known as infrastructure, continues to be postponed by the “City...
  • Taco Bell to add more than 50,000 workers by the end of the summer

    05/11/2017 10:59:55 PM PDT · by 2ndDivisionVet · 22 replies
    Market Watch ^ | May 10, 2017 | Tonya Garcia
    Taco Bell, the Yum Brands Inc. YUM, +0.36% fast-food Mexican chain, said Tuesday that it will fill 3,500 newly-created jobs in May, and seeks to fill 50,000 more jobs by the end of the summer. The hiring spree is part of a previously-announced plan to create about 100,000 U.S. jobs over the next five years through an additional 1,000 U.S. locations. Yum Brands shares are unchanged in premarket trading, and up 17.4% for the past year compared with a 16.6% rise in the S&P 500 index SPX, -0.22% [continued]
  • Trump plan could help our region

    05/11/2017 7:57:07 PM PDT · by Tolerance Sucks Rocks · 4 replies
    The Altoona Mirror ^ | April 15, 2017 | Editorial Board
    President Donald Trump says shovel-ready projects will be the priority in the estimated $1 trillion infrastructure-improvement initiative over the next decade that he hopes to unveil later this year. “If you have a job that you can’t start within 90 days, we’re not going to give you money for it,” Trump said on Feb. 4 during a White House town hall session with 52 business leaders.Meanwhile, as reported by the Wall Street Journal on March 10, the American Society of Civil Engineers, in its latest “Infrastructure Report Card” that’s issued every four years, gave this country’s infrastructure the below-standard grade...
  • The Big 3 Exodus: California, Illinois, and New York Keep Losing People to Other States

    05/11/2017 8:55:19 AM PDT · by SeekAndFind · 58 replies
    The Mises Institute ^ | Wednesday May 10, 2017 | Ryan McMaken
    It seems that many residents of the West Coast and the Northeast are leaving those regions behind. In March, for example, the Sacramento Bee reported that California “exports its poor to Texas ... while wealthier people move in.” Former Californians report that a lackluster job market, a high cost of living, and high taxes are pushing them out. This week, Chicago Magazine reported on Chicago's highly publicized diaspora. One interviewee reported the crime, high cost of living, and taxes drove him out of Illinois and across the state line to northern Indiana. “I couldn’t have this size house in Illinois,” he said. Last week,...
  • Steel Industry, Seeinga New Dawn, IsCheering for Trump

    05/11/2017 8:38:15 AM PDT · by HarleyLady27 · 28 replies
    New York Times ^ | May 11, 2017 | PATRICIA COHEN
    HUGER, S.C. — Safely stationed in the control pulpit, Chris St. Amand is watching the pot boil. Working the day shift at the sprawling Nucor Steel plant along the Cooper River here, Mr. St. Amand monitors a four-foot-wide lasagna noodle of steel as it is dunked into a molten broth of protective shimmering zinc. He tracks every step of this galvanization process — from the caldron’s 865-degree temperature to the line speed — on a bank of flashing screens. Except, that is, for the screen at the bottom right. “I watch our stock and the Dow Jones on that one,”...
  • Buffett: 'Medical costs are the tapeworm of American economic competitiveness'

    05/11/2017 5:48:52 AM PDT · by lowbridge · 23 replies
    Yahoo ^ | May 5, 2017 | Julia La Roche
    Legendary investor Warren Buffett said that rising health care costs, not the tax system, is the number one problem that American businesses face. “If you go back to 1960, or thereabouts, corporate taxes were about 4% of GDP, I mean they bounced around some. And now, they’re about 2% of GDP,” Buffett said during Berkshire Hathaway’s (BRK.A) (BRK.B) annual shareholders meeting. “At that time, health care was 5% of GDP, and now it’s about 17% of GDP.” In Buffett’s view, this says a lot of what’s playing a bigger role in hindering business activity in the economy. “When American business...
  • Consumers Slash Spending Growth Expectations to Lowest Level in Fed’s Data

    05/10/2017 8:15:48 AM PDT · by Lorianne · 9 replies
    Wolf Street ^ | 08 May 2017 | Wolf Richter
    Consumer spending – not just retail but also healthcare, housing, tuition, and so on – accounts for 69% of the US economy. Decent economic growth without growth in consumer spending is practically impossible. That’s why everyone is watching consumers. And everyone is praying that they’ll spend. They’ll have to spend above the rate of inflation for “real” growth (adjusted for inflation) to happen. But that might not be happening over the next 12 months, according to the selfsame consumers. This isn’t from a wayward blogger spreading some kind of homemade doom-and-gloom gospel, but the New York Fed. It just released...
  • More Proof That Abortion *Is* What Democrats Mean By ‘the Economy’

    05/07/2017 4:00:03 PM PDT · by ForYourChildren · 10 replies
    Washington Free Bacon ^ | 05/03/2017 | Matthew Walther
    I have blogged about this issue before. I have made it the subject of countless tweets. In bars and at Christmas parties I have shouted till I was blue in the face trying to explain it. I have even written a play—actually, two plays—in an attempt to draw out the seemingly latent connection between the liberal obsession with genitals—gay marriage, abortion, and so on—and their view of economic prosperity. Sooner or later my work is going to start taking a toll on my health and sanity. Thank goodness our paper of record is here to come to the rescue and...