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Keyword: economy

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  • Taxpayers Off The Hook With Trump's Infrastructure Plan (750,000 new jobs)

    01/16/2017 4:27:03 PM PST · by 2ndDivisionVet · 24 replies
    Fox Business News ^ | January 16, 2017 | Julia Limitone
    Private enterprise is lining up to help pay for the nation’s crippling infrastructure. Norman Anderson, informal advisor to the Trump “Infrastructure Task Force,” says there are 68 infrastructure projects ready to go under president-elect Trump and taxpayers will not have to pay for it. “Forty billion dollar’s-worth of electricity transmission projects [are] ready to go as soon as we can move through the approval process,” Anderson told the FOX Business Networks Stuart Varney. However, regulatory hurdles must be addressed he said....
  • Save-A-Lot Carves Niche Serving Communities That Publix And Others Overlook

    01/16/2017 5:17:34 AM PST · by Iron Munro · 57 replies
    Tampa Bay Times ^ | Jan 16, 2017 | Justine Griffin
    Betty Duffey has a half-dozen several grocery stores vying for her business near her neighborhood in southern Pinellas County. Publix Supermarkets is 2.5 miles down the road and she'll pass by a Winn-Dixie and a Walmart Neighborhood Market on the way there. Two miles in the other direction is an Aldi and a Walmart Supercenter. But Duffey, 63, does most of her grocery shopping at Save-A-Lot. It's the closest grocery store to her house, but it's also the cheapest. "I'm on disability and really have to watch how I spend my money," Duffey said. "At Publix, I'd spend $200 a...
  • John Lewis, Donald Trump Is The Legitimate President Of The United States

    01/15/2017 10:03:58 PM PST · by 2ndDivisionVet · 21 replies
    The Post News Group ^ | January 15, 2017 | Zennie Abraham
    John Lewis, the famed Democratic Georgia Representative and civil rights leader, said that President-Elect Donald Trump is not a legitimate President. As much as I would like to reverse the clock and change the outcome of the election, everytime I think about that, I am reminded in my memory of how we, Democrats, failed to really come together under one unifying message.A lot of us were ignored by those in the DNC who achieved power-positions. Even long-time credentialed bloggers like me (Zennie Abraham,, Zennie62 on YouTube) were ignored by the Clinton-controlled DNC brass, and left out of covering the...
  • Davos elites struggle for answers as Trump era dawns

    01/15/2017 5:42:43 PM PST · by greeneyes · 25 replies
    Reuters ^ | Jan 1, 2017 | Noah Barkin
    DAVOS, Switzerland - The global economy is in better shape than it's been in years. Stock markets are booming, oil prices are on the rise again and the risks of a rapid economic slowdown in China, a major source of concern a year ago, have eased. And yet, as political leaders, CEOs and top bankers make their annual trek up the Swiss Alps to the World Economic Forum in Davos, the mood is anything but celebratory.
  • Latinos set to toast tequila to Trump

    01/14/2017 9:31:48 PM PST · by 2ndDivisionVet · 7 replies
    The Hill ^ | January 13, 2017 | Hector Barreto
    Next week, a group of patriots, who happen to be Hispanic, will gather to celebrate the inauguration of President-elect Donald J. Trump. It will be the kind of moment that runs counter to the narratives of the political and the media elite, but to those of us in the room, our celebration makes perfect sense. If news of our inauguration party surprises you, recall that 29 percent of the Hispanic vote went to Trump. Remember, too, that Latinos are feeling the sharp pain of economic adversity that Trump has convincingly promised to change. Remember also that one of the great...
  • APNewsBreak: Ringling Bros. circus to close after 146 years

    01/14/2017 7:44:36 PM PST · by Hillarys Gate Cult · 120 replies
    AP ^ | 14 Jan 2017 | AP
    Posting limits due to source.
  • Mad As HELL!

    01/14/2017 4:06:38 PM PST · by vannrox · 20 replies
    Bloomberg Publications' Articles and Graphs via Chris Martenson via via Zerohedge ^ | 15JAN17 | Bloomberg Publications' Article and Graphs via Chris Martenson via via Tyler Durd
    Submitted by Chris Martenson via, Fair warning, my family just received a 61.5% increase in our healthcare insurance premium of 2017, on top of last year’s 24.8% increase, so I am quite annoyed at the moment.  For my non-US readers, perhaps what follows will interest you as a means of understanding how and why Donald Trump came to be elected President.  I am going to be channeling some of my inner crank today. If you want to understand why Trump won the recent US presidential election, you can't overlook the economic data.  If you do, his victory may...
  • Trump Urges People To 'Buy L.L.Bean' Amid Boycott Threat

    01/14/2017 12:16:53 PM PST · by SkyPilot · 59 replies
    NPR ^ | 12 Jan 17 | Yuki Noguchi
    President-elect Donald Trump took to Twitter again Thursday morning, this time to urge his followers to "Buy L.L.Bean," and support one of his campaign backers. "Thank you to Linda Bean of L.L.Bean for your great support and courage," he tweeted Thursday. "People will support you even more now. Buy L.L.Bean." The tweet came in response to public attention over Linda Bean's political support for Trump. Bean, a board member and co-owner of the family-owned outdoor retailer and the granddaughter of company founder Leon Leonwood Bean, says she gave money to a PAC supporting Trump. The Associated Press reported that...
  • Trump will use 4 real estate business tricks to rebuild the US

    01/14/2017 11:39:17 AM PST · by 2ndDivisionVet · 40 replies
    CNBC ^ | January 14, 2017 | Jay N. Rollins
    On January 20, 2016, the country is sending a businessman to Washington in one of the riskiest bets in history. Donald Trump appears to be intent on running the country like a business enterprise. But Trump is not just a business man. He is a real estate developer, an important distinction, as it impacts how he will think about revitalizing an economy that has struggled to maintain significant growth. Trump promises to cut both corporate and individual taxes while investing up to $1 trillion on the country's infrastructure. By simultaneously decreasing the country's revenue and increasing its expenses, Trump would...
  • Company re-starting U.S.Steel in Pennsylvania !

    01/14/2017 10:48:51 AM PST · by knarf · 106 replies
    Pittsburgh Post Gazette ^ | January 12, 2017 | Lee Boselevic
    Dura-Bond Industries has purchased equipment from U.S. Steel’s idled McKeesport plant and hopes to begin producing tubular products primarily for the energy industry within six to nine months, the president of the Export-based company said Thursday.
  • Pelosi blames Bush for $9 trillion in debt added under Obama

    01/13/2017 6:33:04 PM PST · by Beave Meister · 42 replies
    The Washington Examiner ^ | 1/13/2017 | AL WEAVER
    House Minority Leader Nancy Pelosi blamed former President George W. Bush and the Republicans on Friday for the more than $9 trillion that has been added to the national debt under President Obama's watch. Pelosi argued that under Obama, the annual budget deficit, which contributes to the national debt, has been reduced dramatically, and said that without Obama's work, the national debt would be even higher. She also mostly blamed Bush for not paying for the wars in Afghanistan and Iraq. "When President Obama stood on the steps on the Capitol eight years from next week, the [budget] deficit was...
  • Visualizing Donald Trump's $20 Trillion Problem

    01/13/2017 7:07:33 AM PST · by Perseverando · 26 replies ^ | January 13, 2017 | Tyler Durden
    Only a few days after Trump’s inauguration ceremony, the U.S. National Debt will creep across the important psychological barrier of $20 trillion. It’s a problem that’s been passed down to him, but, as Visual Caitalist's Jeff Desjardins notes, it certainly puts the incoming administration in a difficult place. The debt is burdensome by pretty much any metric, and the rate of borrowing has exceeded economic growth pretty much since the late 1970s. How Trump deals with this escalating constraint will be a deciding factor in whether his administration crashes and burns – or ends up re-positioning America for greatness. Donald...
  • Will stocks sell off after Trump takes the oath? Here’s what history shows

    01/13/2017 3:46:51 AM PST · by expat_panama · 31 replies
    Market Watch ^ | Jan 12, 2017 3:27 p.m. ET | William Watts
    There’s a chorus calling for stocks to sell off on or around Donald Trump’s presidential inauguration on Jan. 20. What does history show? Ryan Detrick, LPL Financial’s senior market strategist and historical number wrangler, found that there is a tendency for equities to weaken once the oath of office has been administered—but it’s often delayed a few weeks. The logic behind the calls for stocks to weaken after the swearing-in ceremony centers on the old market adage: “buy the rumor, sell the news.” The argument is that the market rally that has followed Trump’s Nov. 8 election victory has factored...
  • Here's Why 2017 Could Be The Best Year In Wall Street History

    01/13/2017 3:46:44 AM PST · by expat_panama · 10 replies
    Forbes ^ | Jan 12, 2017 | Antoine Gara
    Bank stocks have surged nearly 30% since Election Day as investors position for a mix of higher interest rates, stronger growth, and a rollback of some crisis-era regulations under President-elect Donald Trump. These expectations are now being priced into the shares of Goldman Sachs and JPMorgan, which sit at record highs, as well as recovering firms such as Morgan Stanley and Bank of America. Goldman Sachs is up 35% since Election Day, as is BofA. Morgan Stanley has surged 28% and JPMorgan has gained 25%. All of these stocks have been fueled by a move in the 10-year U.S. Treasury...
  • Is The U.S. Government Insolvent? Sorry, But Its Accountant Can't Tell You

    01/13/2017 3:46:30 AM PST · by expat_panama · 11 replies
    Investors Business Daily ^ | Jan. 12, 2017 7:12 PM ET | Editorial
    ...What do you call it when a major organization's financial statements are so deceptive and badly kept that even its auditor refuses to render an opinion? Answer: The federal government. That's right, the U.S. Government Accountability Office (GAO), the federal government's accountant, refused to hand down an opinion of the federal government's financial statements for 2016 "due to deficiencies that have plagued prior financial statements — persistent financial management problems at the Department of Defense (DOD), the government's inability to account for and reconcile certain transactions, an ineffective process for preparing the consolidated financial statements, and significant uncertainties." No question...
  • Beleaguered Small Businesses Set For Big Rebound Under Trump

    01/13/2017 3:46:27 AM PST · by expat_panama · 1 replies
    Investors Business Daily ^ | 1/11/2017 | TERRY JONES
    Small businesses and entrepreneurs have had a rough time of it for these past eight years. New startups and entrepreneurial activity have pretty much been stagnant, weighed down by heavy regulation, high taxes and an economy that's just been stumbling along. But in recent weeks, there are signs of renewal that could mark a turnaround in the fortunes of small business. Most impressively, the National Federation of Independent Business' small-business optimism index surged in December by the most since 1980, a year when another maverick conservative-leaning candidate surprised everyone and won the presidency. His name was Reagan. "The December results...
  • Busting 5 Big Myths About ObamaCare Repeal

    01/13/2017 3:46:20 AM PST · by expat_panama · 3 replies
    Investors Business Daily ^ | Jan. 12, 2017 4:21 PM ET | Editorial
    Health Reform: Democrats are predicting doom and gloom if Republicans make good on their ObamaCare repeal plans. Aren't these the same Democrats who promised that ObamaCare would be a huge success? Early Thursday morning, the Senate voted 51-48 for a budget resolution that marks the first step toward the repeal of ObamaCare. Democrats say repealing ObamaCare will strip millions of Americans of insurance, leave people with pre-existing medical conditions unable to find coverage, increase the budget deficit, and be a political nightmare for Republicans... ...Republicans plan a transition away from ObamaCare to reforms that will make insurance more competitive and...
  • Foxconn-Sharp considering LCD plant in US

    01/12/2017 7:51:21 PM PST · by 2ndDivisionVet · 26 replies
    Nikkei Asia Review ^ | January 13, 2017 | Jun Iiyama, Nikkei staff writer
    OSAKA -- Hon Hai Precision Industry and its Japanese subsidiary Sharp have begun studying the possibility of building a liquid crystal display panel plant in the U.S., a Sharp executive said Friday. The plan is "on the table," the executive said. "We will make a decision carefully." The Taiwanese electronics contract manufacturer, also known as Foxconn, and its Japanese alliance partner SoftBank Group reportedly told Donald Trump they would jointly make significant investments creating new jobs in the U.S. when SoftBank Chairman Masayoshi Son met the President-elect in New York last month. The joint investment plan was proposed by Son,...
  • Germany posts 6.2 billion euro budget surplus in 2016 - sources

    01/12/2017 12:31:29 PM PST · by Berlin_Freeper · 35 replies ^ | Jan 12, 2017 | reuters
    Germany's federal government posted a budget surplus of 6.2 billion euros ($6.60 billion) last year, helped by a strong economy and low borrowing costs, senior government sources said on Thursday, adding they wanted to use the windfall to amortize debt. It is the third consecutive year Europe's biggest economy has not needed net new borrowing. The 2015 federal surplus was 12.1 billion euros, said the sources. "We want to suggest to the lower house of parliament that this money is used for amortizing debt," said one senior government source.
  • Erdogan: 'Turkey Is Attacked by Terrorists Using Foreign Exchange Rates to Harm the Country!'

    01/12/2017 8:51:09 AM PST · by Michael van der Galien · 11 replies
    PJ Media ^ | 01-12-2017 | Michael van der Galien
    Turkish president Recep Tayyip Erdogan sees the Turkish lira collapsing before his eyes. So what does he do? That's right: the same thing he always does. Blames others (unnamed "terrorists") for his problems: [EMBEDDED TWEET] "Everyone already sees and knows the attacks that Turkey has been subjected to also have an economic aspect. There is no difference between a terrorist who has a weapon or bomb in his hand and a terrorist who has dollars, euros and interest in terms of aim," Erdogan said. Of course it's not clear which terrorists with dollars and euros he's referring to, but apparently,...
  • Beware of the ‘Trump dump’ in stocks as rally peters out

    01/12/2017 2:36:41 AM PST · by expat_panama · 29 replies
    Market Watch ^ | Jan 11, 2017 12:53 p.m. ET | Thomas H. Kee Jr.
    Part of Donald Trump’s fiscal policy targets mainstream America, not asset classes such as the stock market, bond market and real estate as monetary stimulus does. The stock market has rallied since the presidential election on expectations fiscal-stimulus policies proposed by Donald Trump will benefit the economy. That might be justified, but that doesn’t mean the stock market can continue to rally in the short run. Longer-term positive influences from fiscal-policy improvements, instead of monetary-policy stimulus, are clear. Still, those positives won’t be immediate. Part of Trump’s fiscal policy targets mainstream America, not asset classes such as the stock market,...
  • The Incredible Shrinking Stock Market

    01/12/2017 2:36:34 AM PST · by expat_panama · 5 replies
    investopedia ^ | January 11, 2017 — 11:30 AM EST | Mark Kolakowski
    Even as the American economy grows, many average investors are losing opportunities to own a piece of it. The number of public companies plunged by 37% to 5,734 as of June 2016 from a peak of 9,113 in 1997, according to the Center for Securities Research at the University of Chicago, as reported in the Wall Street Journal. In fact, today the U.S. has roughly as many public companies as in 1982, yet real gross domestic product (GDP) is about 2.6 times greater, according to the Federal Reserve Bank of St. Louis. Partly due to mergers, the size of the...
  • Punishing Theft Does Not Violate Free Trade

    01/12/2017 2:36:27 AM PST · by expat_panama · 4 replies
    economics21 ^ | January 10, 2017 | Diana Furchtgott-Roth
    Many assert that President-elect Donald Trump is against free trade. But standing against the theft of intellectual property and old-fashioned mercantilism, as Trump has promised to do, is an appropriate role for the chief executive. Allowing other countries to cheat us is not free trade. America consistently outperforms the rest of the world in the sphere of intellectual property. People throughout the world identify with American art, music, software, and clothing designs, and benefit from American pharmaceuticals and patents. Yet American intellectual property is routinely stolen. Each year, the United States Trade Representative publishes a report entitled “Special 301 Report”...
  • Trump’s presser threatened to wreck his own stock-market rally

    01/12/2017 2:36:19 AM PST · by expat_panama · 21 replies
    Market Watch ^ | Jan 11, 2017 4:30 p.m. ET | Wallace Witkowski Reporter
    On Wednesday, President-elect Donald Trump’s first news conference since July didn’t deliver fresh insights into the billionaire’s policies, but it did manage to whipsaw Wall Street stocks. U.S. equities tumbled after the presser started, with comments from Trump that drug companies were “getting away with murder” with respect to pricing. However, the Dow Jones Industrial Average DJIA, +0.50% the S&P 500 index SPX, +0.28% and the Nasdaq Composite Index COMP, +0.21% all closed higher in the wake of the hourlong conference. Equities had traded higher on the promise clarity on Trump’s promise of delivering a shot in the arm to...
  • Donald Trump's colossal error on jobs during his press conference [GAFFE DROOL ALERT]

    01/12/2017 2:36:13 AM PST · by expat_panama · 72 replies
    CNBC ^ | Jan 11, 2017 | Steve Liesman
    President-elect Donald Trump speaks during a press conference in Trump Tower, New York, January 11, 2017. Trump's plans for rebooting the economy 15 Hours Ago | 03:22 Donald Trump wasn't asked much about the economy during his press conference on Wednesday, but when he was, the president-elect managed a rather colossal error. Trump said that there "are 96 million wanting a job and they can't get (one). You know that story. The real number. That's the real number." It is unfortunately very far from the real number. There are in fact 96 million Americans age 16 and older who are...
  • Trump’s Trillion $$ Infrastructure Investment Could Create 11M Jobs, According to Georgetown

    01/11/2017 7:54:00 AM PST · by 2ndDivisionVet · 5 replies
    PR Web ^ | January 11, 2017 | Hilary Strahota
    New analysis from the Georgetown University Center on Education and the Workforce (Georgetown Center) finds that President-elect Trump’s 10-year $1 trillion infrastructure proposal could create 11 million jobs, restoring the job growth trajectory derailed by the Great Recession, but also risks overheating the economy. It is not surprising that $1 trillion in spending on infrastructure is certain to have positive employment effects in keeping with standard Keynesian theory. However, the additional spending, in combination with tax cuts and other economic policy shifts proposed by the President-elect, could generate inflation and set the stage for further interest rate hikes. President-elect Trump’s...
  • In Kentucky, Workers Win With Right-To-Work — As They Do Elsewhere

    01/11/2017 3:25:44 AM PST · by expat_panama · 12 replies
    Investors Business Daily ^ | Jan 10, 2017 6:26 PM ET | LUKE HILGEMANN and JULIA CRIGLER
    As state lawmakers propose all kinds of ways to boost economic opportunity, there's one policy that's rightly gaining momentum: right-to-work laws. Right-to-work laws do more than protect individuals from being required to join a union as a condition of employment. They are a proven catalyst for expanding jobs and opportunities throughout the states. This past weekend, Kentucky became the 27th state to pass right-to-work legislation — and it's not hard to see why. Many of Kentucky's neighboring states had already passed right-to-work and Kentuckians have seen firsthand the benefits it brought to their neighbors. Indiana, for example, saw its workforce-participation...
  • Global Trade and the Ethical Supply Chain In High-Tech Markets

    01/11/2017 3:21:19 AM PST · by expat_panama · 4 replies
    Real Clear Markets ^ | January 11, 2017 | Portia M.E. Mills
    Media outlets and activists episodically highlight the ethical complexities of mineral supply chains that lie behind producing everything from electric cars to iPhones. The U.S. imports nearly a half-trillion dollars worth of tech products – computers, TVs, integrated circuits, and batteries – and another half-trillion worth of cars and machinery. All of these goods begin with raw materials increasingly sourced from places like the Congo, China, or Argentina. Most economists hold free trade as generally positive. But that doesn’t mean markets necessarily consider the ethical dimensions of trade decisions, especially when consumers are unaware of them. For several years now,...
  • Everyone Is Worried About a Top in the Stock Market, but They Need to Chill And here's why.

    01/11/2017 3:21:14 AM PST · by expat_panama · 10 replies
    The Street ^ | Jan 10, 2017 8:56 AM EST | Avi Gilburt
    There has been more concern about the market topping last week than we have in quite some time. We have the 20,000 level in the Dow Jones Industrial Average and 2300 in the S&P 500 just overhead, and with the Nasdaq Composite eclipsing the 5000 mark as well, it seems to make everyone looking for the market to top. But just because we are hitting round numbers in a market doesn't suggest that the market is topping. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks with serious upside potential in the next 12-months. Learn more. As...
  • Trump Bump: Small Business Optimism Soars To 12-Year High

    01/11/2017 3:21:12 AM PST · by expat_panama · 9 replies
    Investors Business Daily ^ | Jan 10, 2017 4:46 PM ET | ED CARSON
    Small business owners' optimism soared in December to the highest level since 2004, the National Federation of Independent Business said Tuesday, as President-elect Trump unleashes "animal spirits" on Main Street, even as corporate titans such as General Motors (GM) and Ford (F) tread carefully with the president-elect. NFIB's small business optimism index shot up 7.4 points to 105.8, the best reading since December 2004. It was the biggest monthly gain in decades. A net 50% of smaller firms see business conditions improving vs. 12% in November and -7% in October. "We haven't seen numbers like this in a long time,"...
  • Electric Boat to hire 2,000 to build nuclear subs

    01/10/2017 12:18:07 PM PST · by 2ndDivisionVet · 27 replies
    The Connecticut Post ^ | January 9, 2017 | Bill Cummings
    With a Navy commitment in hand to build 18 new Columbia-class nuclear submarines, Electric Boat in Groton is planning a hiring and spending spree that will be felt across the state. The company is gearing up to hire 2,000 new employees this year at its Connecticut and Rhode Island plants, with 1,350 jobs slated for Groton. Electric Boat employs about 14,500 people in Connecticut and Rhode Island, and that employment is projected to grow to 18,000 by 2030. Company President Jeffrey Geiger on Monday told business and legislative leaders during an annual update that the company will meet the Navy's...
  • Bernard Arnault Considers Expanding US Factories after Meeting with Trump

    01/10/2017 10:30:57 AM PST · by 2ndDivisionVet · 11 replies
    NEW YORK – French billionaire Bernard Arnault, proprietor of the luxury fashion conglomerate LVMH, announced Monday his intention to “expand” his factories in the United States following his meeting with President-elect Donald Trump. In a statement to reporters upon leaving Trump Tower, Arnault said he considers building in the near future two new textile factories in this country, “possibly” in the state of North Carolina or in Texas. The French fashion entrepreneur said his company has made Louis Vuitton products in California for more than 25 years, and due to the brand’s success, he’s going to expand the business in...
  • An Author's look into the future: Economic models are changing. We must deal with it.

    01/10/2017 7:31:29 AM PST · by SeekAndFind · 76 replies
    Into the future By Udo Gollub at Messe Berlin, Germany I just went to the Singularity University summit. Here are the key points I gathered. Rise and Fall: In 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide. Within just a few years, their business model disappeared and they were bankrupt. What happened to Kodak will happen in a lot of industries in the next 10 years – and most people don’t see it coming. Did you think in 1998 that 3 years later you would never take pictures on paper film again? Yet digital cameras...
  • FRC: Libs Try to Unhinge Trump's Cabinet

    01/10/2017 7:02:44 AM PST · by KeyLargo · 5 replies
    Family Research Council ^ | January 9, 2017
    Libs Try to Unhinge Trump's Cabinet After eight years of fundamentally transforming America, most liberals aren't exactly thrilled to see it transformed back. Desperate to keep their legacy of lawlessness alive, the Left is taking the surest path to protecting their "progress:" fighting the leaders who would unravel it and return law and order to America. With the New Year came a new intensity to knock down any cabinet nominees of President-elect Donald Trump's who pose a threat to President Obama's radical gains. To their disappointment, that seems to be almost everyone. The cabinet Donald Trump is assembling has been...
  • Apple seeks to expand manufacturing in Arizona

    01/10/2017 6:38:22 AM PST · by mandaladon · 2 replies
    CNBC ^ | 10 Jan 2017 | Anita Balakrishnan |
    Amid pressure to build products at home, Apple is seeking to conduct "high-tech manufacturing" at one of its American plants, according to a federal government filing. Apple has requested to make finished products in its facility in Mesa, Arizona, according to the document, first reported by Business Insider. Right now, it has permissions to make consumer electronics components there, the filing said. Mesa first announced the Apple manufacturing facility in 2013, when there were expected to be 2,000 jobs created there. In 2015, Apple said it would invest $2 billion to expand "a command center for the company's global networks."...
  • Trump Supporter Looks Ahead to New Administration (Asian-Americans for Trump)

    01/10/2017 5:12:50 AM PST · by 2ndDivisionVet · 5 replies
    The Rafu Shimpo ^ | January 9, 2017 | Matthew Ormseth
    Where many Asian Americans saw an exclusionist whose views on immigration evoked past injustices, Lisa Shin saw a pragmatist unafraid of addressing national security issues head-on, and whose economic savvy could create jobs and return America to the fore of the global economy. Shin, the daughter of South Korean immigrants, was one of President-elect Donald Trump’s most vocal advocates among the Asian American community during the election, and was invited to speak at the Republican National Convention earlier this year. Shin’s father came to the U.S. to study mechanical engineering, and her parents became naturalized citizens shortly after. Her father...
  • Andy Griffith's hometown hopes Trump will make America great again

    01/10/2017 3:03:20 AM PST · by 2ndDivisionVet · 33 replies
    The Austin American-Statesman ^ | January 9, 2017 | Sarah Pulliam Bailey, The Washington Post
    MOUNT AIRY, N.C. — From a perch on Main Street, the hometown of actor Andy Griffith looks this day like it was plucked right out of the television show that bears his name. And it was. Residents and tourists from farflung states mill along the thoroughfare, past the quaint low-slung shops made of Mount Airy's famous white granite and named, like Floyd's City Barber Shop, for references in "The Andy Griffith Show," the folksy comedy set in the idyllic fictional small town of Mayberry that first aired in 1960. And yet even as this city of about 10,000 nestled in...
  • Wall Street hates the Volcker Rule. Will Trump finally kill it?

    01/10/2017 2:37:59 AM PST · by expat_panama · 14 replies
    Money CNN ^ | January 9, 2017: 1:32 PM ET | Matt Egan
    Big banks shouldn't act like hedge funds by making dangerous bets that can ruin the economy. That's the principle behind the Volcker Rule, a controversial part of the post-crisis Wall Street reform. The rule prohibits banks like Goldman Sachs or JPMorgan from making risky wagers with their own money and bans them owning big stakes in hedge funds or private-equity firms. The banks hate it. Wall Street has bitterly complained about the Volcker Rule for years... ...named after legendary Federal Reserve chairman Paul Volcker, who came up with the idea and fought hard to include it in Dodd-Frank. But recently,...
  • When Do Deficits Matter? When there are Republican presidents, of course.

    01/10/2017 2:34:28 AM PST · by expat_panama · 18 replies
    National Review ^ | January 9, 2017 7:32 PM | Kevin D. Williamson
    It has long been rumored that Paul Krugman does not write the New York Times column that appears under his name. I have no reason to believe that that is true, but I hope it is. There are not many situations in which the reputation of a winner of the Nobel prize and the John Bates Clark medal would be improved by an act of intellectual dishonesty, but this is one of them. Like homelessness and military casualties, U.S. government deficits are an issue that bleep into visibility on the progressive radar almost exclusively during Republican presidencies. On October 23,...
  • Toyota announces $10 billion U.S. investment days after Trump warning

    01/09/2017 9:49:08 AM PST · by StormPrepper · 59 replies
    FoxNews ^ | January 09, 2017
    Chalk up another win for the president-elect? Toyota is set to make a $10 billion capital investment in the U.S. over the next five years, Toyota Motor North America chief executive Jim Lentz said during an interview at the Detroit auto show, Reuters reported.
  • Britain Booms After Brexit — Will Last Country To Leave EU Turn Out The Lights?

    01/09/2017 2:59:42 AM PST · by expat_panama · 16 replies
    Investors Business Daily ^ | 1/06/2017 | Editorial
    European Union: OK, quick: Of the seven major industrial nations, what country grew fastest last year? If you said Great Britain, you were dead right. Funny, because just last June after the Brexit vote, many experts were predicting a British collapse. Here's the reality: "Britain ended last year as the strongest of the world's advanced economies with growth accelerating in the six months after the Brexit vote," says The Times of London. Britain's economics community, not to mention its badly biased, anti-Brexit media, now have egg on their faces... ...dire prognostications of market disaster and a global meltdown never came......
  • Sears, Other Retailers Reel From Gales Of 'Creative Destruction'

    01/09/2017 2:58:45 AM PST · by expat_panama · 92 replies
    Investors Business Daily ^ | 1/05/2017 | TERRY JONES
    Sears. Macy's. Kohl's. Traditional department store retailers have taken hard hits over the Christmas holidays, with sales lagging the generally robust performance of retailers overall. Now, these mall stalwarts are slashing thousands of jobs and hundreds of stores, trying to right-size themselves. It's no coincidence. Sears on Thursday became the latest retailer to announce that it was restructuring... ...Macy's is letting 10,000 people go. And Kohl's warned about its decline in sales over the holidays. Analysts expect Kohl's to announce cuts. A few years back, it was discounter Wal-Mart, the biggest retailer on earth, announcing it was closing 100 stores....

    01/09/2017 2:57:26 AM PST · by expat_panama · 6 replies
    Census Br. ^ | Jan. 6, 2017 | Census. Br.
     The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $45.2 billion in November, up $2.9 billion from $42.4 billion in October, revised. November exports were $185.8 billion, $0.4 billion less than October exports. November imports were $231.1 billion, $2.4 billion more than October imports. The November increase in the goods and services deficit reflected an increase in the goods deficit of $3.4 billion to $66.6 billion and an increase in the services surplus of $0.5 billion to $21.4 billion. Year-to-date, the goods and services...
  • Fiat Chrysler to build 3 new Jeeps, create 2,000 jobs in US

    01/08/2017 3:15:23 PM PST · by mandaladon · 92 replies
    Yahoo News ^ | 8 Jan 2017 | Tom Krisher
    DETROIT (AP) -- Fiat Chrysler will add three new Jeeps to its lineup including a pickup truck as it invests $1 billion in two U.S. factories, furthering its effort to increase production of hot-selling SUVs and pickup trucks and get out of producing small and midsize cars. The expansion will create 2,000 new jobs. The Italian-American automaker said Sunday it will modernize a factory in the Detroit suburb of Warren, Michigan, to make the new Jeep Wagoneer and Grand Wagoneer large SUVs. A factory complex just south of there in Toledo, Ohio, also will get new equipment to make the...
  • Obama's Final Jobs Report Is A Fitting End To His Presidency

    01/07/2017 10:44:32 AM PST · by expat_panama · 28 replies
    Investors Business Daily ^ | 1/06/2017 | Editorial
    Obamanomics: The last jobs report of President Obama's presidency came out on Friday. What it says about his economic performance can be summed up in one word: Lackluster. The Bureau of Labor Statistics reported Friday that the economy created a modest 156,000 new jobs in December, while the unemployment rate remained essentially unchanged at 4.7%. Reuters, however, took this news as evidence that the economy is nearing full employment, and the White House boasted that it marks the 75th consecutive month of job growth — "more than two years longer than the next-longest streak." The current unemployment rate is as...
  • Worrying About the ‘Trade Deficit’ Is Absurd to the Nth Degree

    01/07/2017 10:36:27 AM PST · by expat_panama · 108 replies
    Cafe Hayek ^ | January 6, 2017 | Don Boudreaux
    in Adam Smith, Balance of Payments, Myths and Fallacies, Trade This post follows closely an earlier post from today. (I likely have used in the past a very similar analogy as the one I use here. Nevertheless, it works and is worth repeating.) Suppose that we take all Americans whose last names start with the letter “N” and do an accurate accounting of this group’s spending and saving during some period (say, 2016). Further suppose that our accounting reveals that these “N” Americans earned, collectively, in 2016 a total of $750 billion, and that of this $750 billion, these “N”...
  • How Obama’s Jobs Record Stacks Up

    01/07/2017 10:34:25 AM PST · by expat_panama · 8 replies
    New York Times ^ | Neil Irwin
    President Obama in February 2009 after a brutal jobs report, the first issued during his administration. Credit Ruth Fremson/The New York Times On a Friday morning in February 2009, the Labor Department issued its standard monthly readout on the state of the United States labor market. It was the first of 96 jobs reports to be issued during the Obama presidency, and it was a catastrophe. “With Grim Job Loss Figures, No Sign That Worst Is Over” was the print headline for The New York Times. “598,000 Jobs Shed in Brutal January,” said The Washington Post. There was considerably less...
  • How the University of California exploited a visa loophole to move tech jobs to India

    01/07/2017 7:35:58 AM PST · by george76 · 15 replies
    LA Times ^ | 1-6-2017 | Michael Hiltzik
    Using a visa loophole to fire well-paid U.S. information technology workers and replace them with low-paid immigrants from India is despicable enough when it’s done by profit-making companies such as Southern California Edison and Walt Disney Co. But the latest employer to try this stunt sets a new mark in what might be termed “job laundering.” It’s the University of California. Experts in the abuse of so-called H-1B visas say UC is the first public university to send the jobs of American IT staff offshore. That’s not a distinction UC should wear proudly. UC is training software engineers at the...
  • Exclusive: Top Trudeau advisers have high-level meetings with Trump officials

    01/06/2017 8:11:02 PM PST · by 2ndDivisionVet · 11 replies
    The Loop ^ | January 6, 2017 | Laura Payton, Ottawa News Bureau Online Producer
    Prime Minister Justin Trudeau’s top advisers have had about a dozen high-level meetings with President-elect Donald Trump’s most trusted officials, CTV News has learned. The two sides have met 10 or 12 times since the U.S. election, and as recently as Tuesday -- a five-hour meeting between Trudeau’s chief of staff, Katie Telford, his principal secretary Gerry Butts, White House chief strategist Steve Bannon and Trump’s son-in-law Jared Kushner. The meetings have been mostly focused on trade, with the intention of convincing the incoming Trump administration that any tariffs on Canadian goods would hurt the U.S. economy. CTV News was...
  • Trump has already created thousands of jobs, but needs big reforms to keep them

    01/06/2017 7:16:31 PM PST · by 2ndDivisionVet · 1 replies
    KTVL-TV ^ | January 6, 2017 | Leandra Bernstein
    Donald Trump pledged that his administration would be about three things, "jobs, jobs, jobs." When Ford Motor Company announced on Tuesday that it would invest $7 billion in a new U.S. plant in Flat Rock, Michigan and hire 700 new workers, Trump appeared to be keeping one of his most important campaign promises. According to experts, if Trump wants to continue on his path towards millions of well-paying American jobs, there is only so much he can do from the Oval Office and on Twitter. Trump will need buy in from lawmakers to get regulatory and tax reforms if he...