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Keyword: economy

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  • Biden: Trump has ‘no idea’ about working-class struggles

    10/23/2019 2:40:40 PM PDT · by 2ndDivisionVet · 19 replies
    The Associated Press ^ | October 23, 2019 | Bill Barrow and Michael Rubinkam
    SCRANTON, Pa. (AP) — Joe Biden cast President Donald Trump on Wednesday as a fraudulent populist whose tax policies, economic stewardship and erratic leadership have hurt U.S. workers and betrayed voters in the critical battleground state of Pennsylvania. After scrapping with fellow Democrats for weeks, Biden returned to his hometown of Scranton to focus on his ultimate foe: Trump. The former vice president sought to dent Trump’s argument that regardless of what working people may think about him personally, the actions of his administration have helped them. “This administration has no idea what hard-working, decent, ordinary Americans are going through,”...
  • How FDR Systematically Destroyed Business Investment For 11 Years

    10/22/2019 7:27:06 AM PDT · by Perseverando · 29 replies ^ | October 21, 2019 | Jim Huntzinger
    Source: AP Photo/Craig Ruttle The great Austrian economist Murray Rothbard elucidated, “Before the massive government interventions of the 1930s, all recessions were short-lived.”[1] The deceptive narrative of collectivists about the “Roaring Twenties” and the New Deal goes like this: Capitalists and speculators went wild with greed in “The Roaring Twenties,” leading to a stock market crash and hard times. Banks closed, once prosperous workers sold apples on street-corners or became hobos in shanty-towns, while Republican President Herbert Hoover did nothing for the destitute and suffering nation. Then FDR arrived on the scene, inspiring new hope with his golden words...
  • Leading Presidential Candidate Liz Warren’s No. 1 problem: the US economy is doing well

    10/21/2019 8:13:36 AM PDT · by SeekAndFind · 31 replies
    New York Post ^ | 10/21/2019 | Marc Thiessen
    With three polls showing her in the lead, Sen. Elizabeth Warren (D-Mass.) may soon eclipse former Vice President Joe Biden as the front-runner for the Democratic presidential nomination. That’s great news for Republicans, because Warren has a problem: The central message of her campaign is that the economy is working for the very wealthy but it is not working for ordinary Americans. Unfortunately for her, ordinary Americans disagree. A Marist poll asked voters whether “the economy is working well for you personally.” Nearly two-thirds of Americans said yes. This includes large majorities in almost every demographic group. Sixty-seven percent of...
  • Editorial: SC builds better planes and cars. Why don’t we build better kids?

    10/20/2019 9:10:16 PM PDT · by 2ndDivisionVet · 20 replies
    The Post and Courier ^ | October 17, 2019 | Editorial staff
    It’s hard to keep up with all the studies touting South Carolina as a great place to do business. The latest, from Area Development magazine, ranked South Carolina third-best overall in its 2019 Top States for Doing Business, behind only Georgia and Tennessee. The magazine based its rankings on states’ objective and subjective scores on a dozen attributes. It found that South Carolina had the nation’s best business incentives and its second-best workforce development programs. We finished third in shovel-ready sites, cooperative and responsive state government, favorable utility rates, speed of permitting and overall cost of doing business. We had...
  • Red states are the economic future

    10/20/2019 3:32:29 PM PDT · by yesthatjallen · 19 replies
    The Hill ^ | 10/20/19 | Kristin Tate
    The conventional wisdom in American politics is that the coasts represent the economic future of the United States. Higher incomes and potential growth seem to be with cities like San Francisco, New York, and Seattle. Even in the aftermath of her 2016 loss, Hillary Clinton famously dismissed flyover country, saying, “I won the places that represent two-thirds of American gross domestic product. So I won the places that are optimistic, diverse, dynamic, moving forward.” In many ways, however, the coastal regions that Clinton lauds represent the equivalent of a personal finance ponzi scheme. While many topline statistics like average income...
  • Elizabeth Warren tells voters economy not working for them – Most voters disagree

    10/18/2019 3:10:12 AM PDT · by knighthawk · 36 replies
    Fox News ^ | October 18 2019 | Marc Thiessen (The Washington Post)
    With three polls showing her in the lead, Sen. Elizabeth Warren, D-Mass., may soon eclipse former Vice President Joe Biden as the front-runner for the Democratic presidential nomination. That's great news for Republicans, because Warren has a problem: The central message of her campaign is that the economy is working for the very wealthy but it is not working for ordinary Americans. Unfortunately for her, ordinary Americans disagree. A Marist poll asked voters whether "the economy is working well for you personally." Nearly two-thirds of Americans said yes. This includes large majorities in almost every demographic group. Sixty-seven percent of...
  • Middle-Class Incomes Surging -- Thanks to Trump Policies

    10/17/2019 2:31:23 PM PDT · by Brown Deer · 20 replies
    The Heritage Foundation ^ | Oct. 10, 2019 | Stephen Moore
    Key Takeaways 1. Middle-class incomes, after adjusting for inflation, have surged by $5,003 since Donald Trump became president in January 2017. 2. These surges in income, have occurred at exactly the time when many liberal economists and media talking heads were shouting “recession.” 3. These latest income numbers also squarely contradict the claims by Democratic presidential candidates.
  • Kiplinger Economic Outlook For All 50 States 2020

    10/17/2019 12:26:14 PM PDT · by 2ndDivisionVet · 12 replies
    Advisor News ^ | October 16, 2019 | Kiplinger's Personal Finance Magazine
    Low jobless rates and rising incomes are helping to fatten state coffers across the U.S. Revenue from sales, personal and corporate taxes is on the rise --the best growth since before the Great Recession. States can expect healthy tax revenues for at least the next several quarters as low unemployment continues, incomes slowly rise, inflation increases modestly and higher energy prices generate more income for states with severance taxes. But the outlook for individual states is varied, with several regions facing big challenges. The trade war with China is battering the agriculture industry in the Midwest and the prairie states...
  • The Millennial Urban Lifestyle Is About to Get More Expensive

    10/16/2019 6:49:53 AM PDT · by C19fan · 29 replies
    The Atlantic ^ | October 15, 2019 | Derek Thompson
    Several weeks ago, I met up with a friend in New York who suggested we grab a bite at a Scottish bar in the West Village. He had booked the table through something called Seated, a restaurant app that pays users who make reservations on the platform. We ordered two cocktails each, along with some food. And in exchange for the hard labor of drinking whiskey, the app awarded us $30 in credits redeemable at a variety of retailers.
  • What Liberals Miss About Trump Country

    10/16/2019 1:39:32 AM PDT · by 2ndDivisionVet · 30 replies
    Jacobin Magazine ^ | October 15, 2019 | Paul Heideman
    The effects of Donald Trump’s presidency on the American economy are widely debated, but there’s at least one field of production whose boom is indisputably a result of his election: the conservative voter ethnography industry. Since Trump’s rise, article after article has tracked down Trump voters in some small town in a formerly Democratic state. The pieces vary in tone — some are journalistically objective, others are more personal — but they all seem to end with the author silently shaking their head, confounded by the unbreachable irrationality of these voters. Monica Potts’s recent opinion piece in the New York...
  • Barring a turnout surge, strong economy favors Trump in 2020, researchers say

    10/15/2019 1:53:17 PM PDT · by 2ndDivisionVet · 11 replies
    CNBC ^ | October 15, 2019 | Jason Lange
    WASHINGTON, Oct 15 (Reuters) - A strong U.S. economy could help President Donald Trump win re-election next year unless there is a surge in voter turnout, economic research firm Moody’s Analytics said on Tuesday. Across American universities and on Wall Street, researchers are honing computer models designed to predict the winner in the November 2020 election in which the Republican Trump will face a Democratic candidate still to be determined. What makes Moody’s Analytics stand out is its focus on local economic conditions, which have drawn attention this year as a U.S.-China trade war has hit America’s industrial heartland even...
  • The night economies of America's biggest cities

    10/12/2019 1:45:39 PM PDT · by 2ndDivisionVet · 11 replies
    MSN Money ^ | September 26, 2019 | Evan Comen
    Known as The City That Never Sleeps, it is not surprising that New York has recently appointed a night mayor -- a public servant employed to govern the city’s nighttime activities. But the nation’s largest city is not the only place with a nightlife. As the sun sets, night brings to all urban centers an entirely different population with a very different set of characteristics. In recent years, there has been a resurgence of young college graduates moving to the downtowns of major cities. While the precise reasons for the shift from suburbanization to urbanization among young professionals are up...
  • Explosive drone market represents new business opportunities

    10/11/2019 6:52:55 PM PDT · by 2ndDivisionVet · 19 replies
    IT Brief ^ | October 4, 2019 | Catherine Knowles
    Strong global investment into drones is resulting in new business use cases emerging within the market, as well as potential regulatory changes, according to new research from CompTIA. According to the Drone Industry Insights, the global market for drone technologies will reach US$43.1 billion by 2024, which is up from $14.1 billion in 2018. Furthermore, until recently, use cases for drones have been closely tied to military and recreational applications with little consideration for the way these technologies could be used in the business community. However, this is shifting as revenue and profit opportunities increase. Channel Dynamics cofounder and director,...
  • US manufacturing entering a ‘golden era’ under Trump, says auto parts billionaire and NFL owner

    10/10/2019 10:08:34 AM PDT · by 2ndDivisionVet · 6 replies
    CNBC ^ | October 10, 2019 | Kevin Stankiewicz
    Shahid Khan, an auto parts billionaire who also owns the NFL’s Jacksonville Jaguars, is extremely encouraged by the state of manufacturing in the United States. “I’ve been in an auto parts factory for 50 years. Times in the U.S. have never been better,” Khan said on “Squawk on the Street” on Thursday. “We’re entering the ... golden area for American manufacturing right now.” Khan, owner of Illinois-based auto parts supplier Flex-N-Gate, said the past few years under President Donald Trump has benefited the manufacturing sector. “What we’ve gone through here over the last few years ... on investments, interest rates,...
  • Former Trump campaign advisor Stephen Moore: ‘We knew we weren’t going to get 5% growth’

    10/09/2019 7:46:21 PM PDT · by Beave Meister · 58 replies ^ | 10/9/2019 | Jeff Cox
    President Donald Trump is an “exaggerator” who knew his policies wouldn’t generate the 5% growth he had promised while campaigning, according to Stephen Moore, who served as a campaign advisor to Trump and was a prospective Fed nominee. In an interview with Mehdi Hasan, columnist at The Intercept, Moore stopped just short of calling the president a liar, but did say Trump hurts himself with falsehoods. “He should stop saying things that are untrue,” Moore says in a clip from Al Jazeera English television show that Hasan provided on his Twitter feed. “I think Trump is an exaggerator, and I...
  • California tax hike caused 'significant' out-migration of top-bracket millionaire residents

    10/08/2019 7:56:49 PM PDT · by grundle · 14 replies ^ | October 8, 2019 | Brittany De Lea
    It’s not just federal tax changes that drive residents from high- to low-income tax states – turns out hiking statewide taxes on the wealthy drives them out in droves, too. A new study published on Monday showed that when California raised its income tax rates it caused a “substantial one-time out-migration response” among wealthy residents, who left for lower-tax destinations. The study looked at increases to state income tax rates approved by California voters in Nov. 2012 (Propoisition 30) of one to three percentage points for upper-income households. It raised the top marginal tax rate to 13.3 percent for incomes...
  • The U.S. economy's hidden problem: Men without jobs

    10/08/2019 11:54:13 AM PDT · by GuavaCheesePuff · 112 replies
    CBS ^ | October 2, 2019 | Aimee Picchi
    America's job market may be the strongest it's been in at least half a century, but not all workers are getting a lift. The proportion of men in their prime working years without a job is higher today than it was before the Great Recession, according to a new study. Roughly 1 in 7 U.S. men between the ages of 25 and 54 aren't employed, federal labor data show. That's a higher rate of unemployment for the group than in 2007, the year before the housing crash slammed the economy.
  • Watch: Trump signs US-Japan trade deals at White House

    10/07/2019 1:23:08 PM PDT · by 2ndDivisionVet · 18 replies
    CNBC ^ | October 7, 2019 | Kevin Breuninger
    President Donald Trump on Monday is set to sign two agreements at the White House related to the U.S. trade relationship with Japan. Trump is set to sign the U.S.-Japan Trade Agreement and U.S.-Japan Digital Trade Agreement, according to the White House. The president is sealing those deals with Japan days before his negotiators are set to resume high-level trade talks with a delegation of senior Chinese officials. The two economic superpowers are working to hash out a sweeping deal that addresses issues including trade deficits, intellectual property theft and forced technology transfers.
  • Donald J. Trump @realDonaldTrump

    10/07/2019 9:24:12 AM PDT · by Vendome · 101 replies
    As I have stated strongly before, and just to reiterate, if Turkey does anything that I, in my great and unmatched wisdom, consider to be off limits, I will totally destroy and obliterate the Economy of Turkey (I’ve done before!).... ROTFLMAO!!!
  • Trump’s Economy: 1.6 Million More Jobs Than The ‘Experts’ Predicted

    10/07/2019 8:59:15 AM PDT · by SeekAndFind · 10 replies
    Issues and Insights ^ | 10/07/2019 | John Merline
    The most surprising thing about the latest unemployment report isn’t that the rate dropped to the lowest level since December 1969. It’s that unemployment wasn’t supposed to get anywhere near that low under President Trump. At least, not if you believed mainstream Keynesian economists. The economy created 136,000 jobs in September, according to the Bureau of Labor Statistics survey of businesses. The separate household survey, which is used to track unemployment, showed that the number of unemployed dropped by 275,000. Not only did the job market pull 275,000 off the unemployment line last month, it pulled more than 100,000 who...