Keyword: economy

Brevity: Headers | « Text »
  • Modi-Trump meet: Why I have low expectations

    06/24/2017 2:56:02 PM PDT · by Jyotishi · 7 replies
    Rediff.com ^ | Saturday, June 24, 2017 | Rajeev Srinivasan
    Here's why Rajeev Srinivasan believes there will be nothing particularly positive about the prime minister's US visit. IMAGE: The fact that it has taken this long for the US to extend an invitation to Narendra Modi suggests that India is not on Donald Trump's event horizon. Photographs: Peter Nicholls/Getty Images and Carlos Barria/Reuters Prime Minister Narendra Modi is not naive, so he is surely approaching his fifth visit to the United States, and his first meeting with US President Donald Trump with careful preparation. He is also deliberately creating low expectations. Unlike the hoopla of his previous Madison Square Gardens...
  • US will need India to counter China: US think tank

    06/23/2017 10:20:20 PM PDT · by Jyotishi · 10 replies
    The Pioneer ^ | Friday, June 23, 2017 | Press Trust of India
    Washington -- Even as the Trump administration is cosying up to the Chinese, the US will need India to counter Beijing's growing influence in the world, a top American think-tank has said. Describing India as a "key piece in the jigsaw" for the US, the Atlantic Council urged the Trump administration to prioritise its ties with New Delhi. "Given the advancements that China has made both economically and militarily, the US will need to channel considerable resources to assert its global and regional primacy," Atlantic Council, a top American think-tank said in a policy paper 'Transforming India from a Balancing...
  • The infrastructure myth

    06/21/2017 9:49:28 PM PDT · by Tolerance Sucks Rocks · 16 replies
    The Lagniappe Weekly ^ | June 21, 2017 | Jeff Poor
    Throughout the 2016 campaign and into the early stages of his presidency, Donald Trump vowed to make infrastructure improvements around the country. The promise was all part of his brand of populism — spend more money domestically and less abroad. America first. “We need members of both parties to join hands and work with us to pass a $1 trillion infrastructure plan to build new roads and bridges and airports and tunnels and highways and railways all across our great nation,” Trump pledged at a campaign rally in Melbourne, Florida, earlier this year. Given Trump’s Russia investigation toxicity, it will...
  • The Politics of Professional Procrastination…

    06/21/2017 2:14:35 PM PDT · by HarleyLady27 · 11 replies
    The Conservative Tree House ^ | June 21, 2017 | Sundance
    Making America Great Again continues to run up against the reality of DC UniParty roadblocks. Both Democrats and Republicans are procrastinating while hoping for any excuse not to participate in America-First policy advancement. The election result in Georgia’s sixth district is yet another example of Trump supporters removing excuses the DC UniParty puts forth; yet the DC apparatus is so entrenched in their opposition to President Trump’s policy agenda, they sit idle spinning various congressional hearings-to-nowhere in an increasingly transparent effort to avoid action.
  • Murphy: Democrats Have Been ‘Hyper-Confused’ on Economic Issues for Years

    06/21/2017 9:52:47 AM PDT · by ForYourChildren · 21 replies
    Washinton Free Bacon ^ | 06/21/2017 | Cameron Cawthorne
    Sen. Chris Murphy (D., Conn.) said on Wednesday that Democrats have been "hyper-confused" on economic issues for years. Harold Ford, Jr., an MSNBC contributor and former Democratic congressman, asked Murphy on "Morning Joe" about the Democrats' future economic message going into the 2018 midterm elections. "I think we have to challenge ourselves," Murphy said. " I think we've been hyper-confused over the course of the past five years. Some of the time we are talking about economic growth. Some of the of the time we are talking about economic fairness." Murphy added that he does not know whether Democrats have...
  • Fast Growth, and Lots of It, Is Right Around the Corner

    06/20/2017 8:12:49 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | June 20, 2017 | Stephen Moore
    Every day, legions of economists dismiss Donald Trump's economic agenda and forecast of 3 percent growth as a wild-eyed fantasy. The consensus is that the economy "can't possibly grow at 3 percent," according to The Wall Street Journal. "Slow growth is the new norm, so get used to it," wrote Rucir Sharma, chief global strategist at Morgan Stanley, in Foreign Affairs magazine this month. Question: Why does anyone bother to listen to economists anymore? The profession has become an embarrassment, and the most respected economists have shown themselves to have as much predictive power as a deck of tarot...
  • It’s Time To Break Up Amazon

    06/20/2017 6:59:59 AM PDT · by Callahan · 179 replies
    Fast Company ^ | 6/20/17 | Douglas Rushkoff
    “Amazon just bought Whole Foods,” my friend texted me seconds after the announcement of the proposed acquisition. “It’s over. The world.” This unease is widespread, and has raised new calls for breaking up Jeff Bezos’s impending monopoly by force. Surely the company, which now generates 30% of all online and offline retail sales growth in the United States, and already controls 40% of internet cloud services, has reached too far. The 3% hike in Amazon’s share price since the announcement—which would alone more than pay for the acquisition—may attest less to the deal’s appropriateness than to investors’ growing fear that...
  • In Rural America, Lack of Jobs Is Deepest Concern Facing Community

    06/19/2017 10:13:58 PM PDT · by 2ndDivisionVet · 9 replies
    The Washington Free Beacon ^ | June 19, 2017 | Ali Meyer
    Lack of jobs is the deepest concern facing communities in rural America, according to a poll from the Kaiser Family Foundation. President Trump carried rural areas in 2016, and the foundation wanted to understand the experiences and political views of individuals in these areas. For this study, researchers polled voters in Ashtabula County in Ohio. Fifty-four percent said they approve of Trump’s handling of his job compared with 40 percent who said they disapproved. Fifty-one percent of rural voters were confident that Trump's policies would create jobs, 57 percent said they believed his policies would keep the country safe from...
  • Interior head says public lands can make U.S. a 'dominant' oil power

    06/19/2017 9:02:27 PM PDT · by 2ndDivisionVet · 14 replies
    Reuters ^ | June 19, 2017 | Valerie Volcovici
    Boosting drilling and mining on America's protected federal lands can help the United States become not just independent, but "dominant" as a global energy force, according to Interior Secretary Ryan Zinke, whose agency manages about one-fifth of U.S. territory. In an interview with Reuters, Zinke outlined his approach to development and conservation in America's wildest spaces, and discussed how that philosophy was guiding his review of which national monuments created by past presidents should be rescinded or resized to make way for more business. "There is a social cost of not having jobs," the former Montana Congressman and Navy Seal...
  • Market Volatility Has Vanished Around the World

    06/19/2017 7:34:06 PM PDT · by jonno · 25 replies
    As Wall Street’s ‘fear gauge’ nears all-time lows, one commonly used measure shows Asian equities near their least volatile this century. The calm that has descended on U.S. financial markets is stretching around the world. Based on one commonly used measure, Asian equities are near their least volatile this century—a byproduct of improving corporate earnings, stabilizing economic growth and the diminishing impact of geopolitical events on markets. In the U.S., Wall Street’s “fear gauge” is near all-time lows, and in Europe, volatility has also largely subsided.
  • What Was The Worst Interview You Ever Had?

    06/19/2017 2:21:22 PM PDT · by Eagles Field · 58 replies
    6-19-17 | Eagles Field
    I Shook Hands With Hitler Reincarnation Today And I think I saw Vincent Price peering out of the corner, quick to be out of sight hiding from me. But I saw him. Met the vacant eyes of Bela Lugosi passing in the bathroom. Eerie organ music played as I entered the doors for my interview. Had a nice conversation with a woman who’d, I imagine, takes classes in incompetency. They’re very interested in me and want to explore the next level in the process. She mentioned a few caveats, shrugged at the facts that there were 2 meetings a day,...
  • These 7 Disruptive Technologies Could Be Worth Trillions of Dollars

    06/19/2017 12:28:42 AM PDT · by 2ndDivisionVet · 14 replies
    Singularity Hub ^ | June 16, 2017 | Jason Dorrier, Managing editor
    Scientists, technologists, engineers, and visionaries are building the future. Amazing things are in the pipeline. It’s a big deal. But you already knew all that. Such speculation is common. What’s less common? Scale. How big is big? “Silicon Valley, Silicon Alley, Silicon Dock, all of the Silicons around the world, they are dreaming the dream. They are innovating,” Catherine Wood said at Singularity University’s Exponential Finance in New York. “We are sizing the opportunity. That's what we do.” Wood is founder and CEO of ARK Investment Management, a research and investment company focused on the growth potential of today’s disruptive...
  • In Latest Sign of Crude Glut, Ageing Supertankers Used to Store Unsold Oil

    06/18/2017 11:06:57 AM PDT · by Oatka · 26 replies
    Reuters via gCaptain ^ | June 16, 2017 | Keith Wallis and Henning Gloystein
    [Reuters] Traders are increasingly storing oil in ageing supertankers in Southeast Asia as they grapple with a supply overhang that has left the system clogged with unneeded fuel despite an OPEC-led drive to cut production to prop up prices. Around 10 very large crude carriers (VLCCs), all between 16 and 20 years old, have been chartered since the end of May to store crude for periods ranging from 30 days to around six months, brokers told Reuters. Each VLCC can carry 2 million barrels of oil.
  • For Father's Day - Grateful for an Old-School Dad

    06/18/2017 5:59:36 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | June 18, 2017 | Tom Purcell
    My father made me wear hand-me-downs - even though I was our family's only boy, with five sisters. It wasn't too bad most of the year, but Easter Sunday was a bear. You know how hard it is to outrun the neighborhood bully with your panty hose bunching up and your bonnet flopping in the wind? My father was born during the Depression, in 1933, when life was a lot tougher. When he was only 3, his father, who had a good job working for the Mellon family, died at age 34. My father and his sister and mother moved...
  • Restaurant die-off is first course of California’s $15 minimum wage

    06/17/2017 10:21:01 AM PDT · by HarleyLady27 · 86 replies
    The Fresno Bee ^ | June 13, 2017 | Jeremy Bagott
    In a pair of affluent coastal California counties, the canary in the mineshaft has gotten splayed, spatchcocked and plated over a bed of unintended consequences, garnished with sprigs of locally sourced economic distortion and non-GMO, “What the heck were they thinking?” The result of one early experiment in a citywide $15 minimum wage is an ominous sign for the state’s poorer inland counties as the statewide wage floor creeps toward the mark. Consider San Francisco, an early adopter of the $15 wage. It’s now experiencing a restaurant die-off, minting jobless hash-slingers, cashiers, busboys, scullery engineers and line cooks as they...
  • Cannabis industry org forms to “be ready” for national legalization

    06/17/2017 12:05:51 AM PDT · by 2ndDivisionVet · 116 replies
    The Cannabist ^ | June 16, 2017 | Alex Pasquariello
    Cannabis is joining the ranks of the financial, advertising, real estate and alcohol industries with the formation of its first self-regulatory organization. The National Association of Cannabis Businesses (NACB) launched Thursday with a powerhouse leadership team and an ambitious plan: Develop and enforce national standards that will increase compliance and transparency, spur growth, and shape future federal regulations. The NACB’s slogan is “Be ready,” in anticipation of federal legalization of cannabis. The cannabis industry is on a historic growth trajectory even as its businesses operate in a fractured regulatory environment and in the face of uncertain federal policy, NACB president...
  • OPINION: You can't deny Trump's tremendous effect on the economy

    06/14/2017 5:31:35 PM PDT · by 2ndDivisionVet · 5 replies
    The Hill ^ | June 14, 2017 | Andy Puzder
    While the Democrats and their media allies attempt to bring down the Trump presidency with a determination reminiscent of Wile E. Coyote’s pursuit of the Road Runner, the president’s efforts to shrink the size and scope of government are producing some very positive economic results. President Trump’s focus on reining in the administrative state has significantly reduced both the number of existing regulations and the output of new regulations, driving business optimism. Unlike policies that increase the oppressiveness of government, policies that incentivize business growth (like deregulation) produce jobs, opportunity and prosperity. It takes real determination to ignore the numbers....
  • Chinese luxury spending to double

    06/13/2017 1:58:08 PM PDT · by 2ndDivisionVet · 5 replies
    The Shanghai Daily ^ | June 14, 2017 | Ding Yining
    CHINESE consumers’ spending on luxury goods is set to double to 1 trillion yuan (US$147 billion) by 2025, or 37 percent of the overall global luxury market, McKinsey said in a report yesterday. Chinese consumers will account for most of this 2.7 trillion yuan growth in value of the global luxury goods market, with more sophisticated Chinese buyers being a major force behind the rise. Around 7.6 million Chinese households spent an average of 71,000 yuan on luxury goods per year, according to McKinsey. Most of the luxury shoppers are turning from affluent consumers to wealthy consumers with average annual...
  • The Rise of Luxury Strip Malls

    06/12/2017 1:43:34 PM PDT · by 2ndDivisionVet · 19 replies
    The Business of Fashion ^ | June 12, 2017 | Lauren Sherman
    Outdoor shopping centres are drawing in customers who long ago wrote off the traditional mall experience through a modern mix of food, fashion and practicality. ATLANTA, United States — Pull into the parking lot of the Westside Provisions District, the mixed-use development in Atlanta’s gentrified Westside neighborhood, and you might have to hand your keys over to a valet to help you find a spot — especially on a Saturday afternoon. That’s because, unlike the downtrodden, two-penny outdoor shopping centres and abandoned enclosed malls weighing down the suburbs of the US, Westside Provisions is giving people a reason to swing...
  • California’s descent to socialism

    06/11/2017 12:43:55 PM PDT · by amnestynone · 43 replies
    ocregister.com ^ | 06/11/17 | Joel Kotkin
    California is widely celebrated as the fount of technical, cultural and political innovation. Now we seem primed to outdo even ourselves, creating a new kind of socialism that, in the end, more resembles feudalism than social democracy. The new consensus is being pushed by, among others, hedge-fund-billionaire-turned-green-patriarch Tom Steyer. g subsidies for the struggling poor and middle class. This new progressive synthesis promises not upward mobility and independence, but rather the prospect of turning most Californians into either tax slaves or dependent serfs. California’s progressive regime of severe land-use controls has helped to make the state among the most unaffordable...