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Keyword: economy

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  • Holy Cow! Houston New Black Panther Head Quannel X Supports Trump!

    08/25/2016 10:47:41 AM PDT · by Political Junkie Too · 33 replies
    Fox 26 Face-Off KRIV Houston ^ | August 24, 2016 | Quannel X and Matt Patrick
    This is the weekly point-counterpoint show on Houston Fox affiliate KRIV 26 between Community activist Quanell X and AM 740 KTRH NewsRadio show host Matt Patrick. Quannel X discusses Donald Trump's Minneapolis speech. I was absolutely floored when I watched this last night. I think this video has the potential to dramatically shift the narrative of Trump support in the African-American community. Pay special attention to Quannel X's silence at the end when Matt Patrick sums things up. Youtube Recording of Fox 26 KRIV Faceoff -PJ
  • Federal Deficits Explode — Is Anyone Paying Attention?

    08/25/2016 4:08:47 AM PDT · by expat_panama · 45 replies
    Investors Business Daily ^ | August 24, 2016 | Editorial
    Red Ink: The Congressional Budget Office says the federal deficit will be 33% higher than last year's. Over the long term, the deficit picture is just as bleak. But on campaign trail, this looming threat gets zero attention from either Hillary Clinton or Donald Trump. The CBO's updated budget projections show that federal government's fiscal outlook has worsened considerably over the past year. Red ink in fiscal year 2016, which ends on Sept. 30, will hit $590 billion. That's much worse than the CBO had expected just a few months ago... ...the CBO projects that in 10 years the annual...
  • Does your supermarket own part of your income? [TARIFFS ARE DUMB]

    08/25/2016 3:45:08 AM PDT · by expat_panama · 88 replies
    Trib Live ^ | Tuesday, Aug. 23, 2016 | Donald J. Boudreaux
    You work and get paid. To whom do your after-tax earnings belong? Do they all belong to you or does some portion of them belong to the neighborhood grocer whose store you patronize? Who should have first dibs on the money you've earned: you or the auto dealer who sold you the last car you bought? In both cases the correct answer indisputably seems to be “you.” But not so fast. Typical discussions of trade policy imply that the answers are “the grocer” and “the auto dealer.” When politicians promise to raise tariffs on imports, they are promising to penalize...
  • Clinton’s ‘done deal’ on fighting climate change would cost $70 billion, kill jobs: report

    08/24/2016 1:14:57 PM PDT · by Innovative · 9 replies
    Washington Times ^ | Aug. 24, 2016 | Valerie Richardson
    The “keep it in the ground” fossil-fuel strategy described by Democratic presidential candidate Hillary Clinton as a “done deal” would kill more than 380,000 jobs and deliver a $70 billion annual hit to the economy, according to a report released Wednesday. The U.S. Chamber of Commerce Institute for 21st Century Energy found that banning fossil fuel production on public lands and offshore waters would result in a loss of $70 billion in annual GDP as well as $11.3 billion in royalties, along with massive direct and indirect job losses.
  • 45 Years Without Gold

    08/24/2016 3:29:29 AM PDT · by expat_panama · 25 replies
    Mises Whire ^ | 08/22/2016 | Daniel Fernández Méndez
    When World War I began, many analysts believed that the international gold standard would keep the war short. A war of attrition was not thought to be possible because the disciplining effects of the gold standard — capital flight and gold outflow — were supposed to restrain the ability of states to mobilize resources in times of war. As many believed at the time, states under the gold standard would quickly run out of money to pay for soldiers and resources. No one ever imagined that the war would last four long years and that most countries would stop using...
  • Howard Johnson's restaurant to close, leaving only 1 more (Maine)

    08/23/2016 7:32:32 PM PDT · by RightGeek · 198 replies
    WRAL/AP ^ | 8/23/2016 | David Sharp
    BANGOR, Maine — The closing of one of the last two Howard Johnson restaurants in a couple of weeks will mark the end of its fried clam strips, ice cream and other menu staples that nourished baby boomers and leave the once-proud restaurant chain teetering on the brink of extinction. The slice of roadside Americana will no longer be served up in Bangor after Sept. 6. For waitress Kathe Jewett, it's the only job she's held since starting work when the restaurant opened in 1966. "It's bittersweet, but it's nothing to be sad about," the 68-year-old Jewett insisted Tuesday during...
  • Jackson Hole: the three tough questions central banks must ask themselves

    08/23/2016 4:20:56 AM PDT · by expat_panama · 13 replies
    The Telegraph ^ | 22 August 2016 • 5:32pm | Matthew Lynn
    ....men and women who control the global monetary system get together for three days to debate the challenges facing the world economy – and how they might use monetary policy to fix it. This year’s title is “Designing Resilient Monetary Policy Frameworks for the Future”... ...Here are three good ones to start with: is quantitative easting actually working? Have we broken the banking system? And isn’t it time to update economic models that no longer tell us much about the real world? First, why isn’t QE working the way it was meant to? For a long time, central bankers were...
  • Opinion: Here’s evidence the Fed is unlikely to hike rates before Election Day

    08/22/2016 3:35:02 AM PDT · by expat_panama · 18 replies
    Market Watch ^ | Aug 19, 2016 8:19 a.m. ET | Mark Hulbert
    <p>Does the Federal Reserve play politics? You could just as well ask if the Pope is Catholic.</p> <p>Investors should be wondering about the Fed’s politics because its interest-rate setting committee will meet two more times before Election Day — Sept. 20-21 and Nov. 1-2.</p>
  • With New Wage Increase, Venezuela Braces for Worsening Inflation, Layoffs

    08/21/2016 3:38:03 PM PDT · by fella · 36 replies
    Panam Post ^ | 19 August 2016 | Sabrina Martin
    President Nicolás Maduro Raises Minimum Wage 50 Percent Venezuela’s national minimum wage was raised 50 percent this week, but experts warned President Nicolás Maduro the increase could result in closures to small businesses. During a national radio and television broadcast, the president said the minimum wage will be set at VEF $22,076 (US $2,218) monthly, while the food bonus will be VEF $42,480 (US $4,269). Maduro has bragged in the past about the 14 increases in minimum wage made over the last three years, but fails to address that the country faces the highest inflation in the world. Economists predict...
  • Trump Leads Clinton by 5+ Points in the Key Battleground State of Pennsylvania

    08/21/2016 1:34:49 PM PDT · by Trump20162020 · 155 replies
    CBS News ^ | August 21, 2016
    Republican presidential nominee Donald Trump has surged to a 5-point lead over democratic rival Hillary Clinton in the key battleground state of Pennsylvania as per a latest poll.
  • Clinton & Trump Don't Get Need for Free Economy

    08/20/2016 7:53:47 AM PDT · by expat_panama · 42 replies
    Forbes ^ | Aug 15, 2016 | Fred Smith
    As a longtime advocate for capitalism, I’ve been considering the prospects for free market ideas in a White House presided over by either of the two major party candidates for president. It’s not an easy challenge. Both candidates, in their own way, misunderstand the need for, and the benefits of, a free economy. And it’s difficult to say which brand of wrongheadedness is more damaging – attacking the best aspects of our current economic system or defending the worst. Neither major party candidate seems to understand the advantages of a free economy. Hillary Clinton... ...“every so often” the American people...
  • Infrastructure Crisis? The U.S. Is #1 In The World

    08/20/2016 7:06:48 AM PDT · by expat_panama · 22 replies
    Hoover Institution ^ | Thursday, August 18, 2016 | Paul R. Gregory
    On the campaign trail, Hillary Clinton and Donald Trump have been claiming that the United States needs more and better infrastructure. Like many other politicians before them, they say that infrastructure creates economic growth and jobs; they argue that we have too little of it; and they believe it must be provided by government. The truth is, though, that U.S. infrastructure ranks near the top in the world. No matter: the political script is that we need more government spending on infrastructure, and we need it now. Democrats call for a publicly funded infrastructure bank to address America’s “crumbling” infrastructure....
  • The Clinton and Trump Economic Plans: Growing the State or the Private Sector

    08/19/2016 4:54:26 PM PDT · by oblomov · 4 replies
    Epoch Times ^ | 19 Aug 2016 | Valentin Schmid
    With poll after poll saying the economy is the most important issue in the presidential election, the candidate who connects with voters on this subject has a good chance of winning it all. Donald Trump’s and Hillary Clinton’s economic plans offer a clear choice. Trump seeks to revive American greatness with policies aimed at kick-starting economic growth. Clinton seeks fairness and more benefits for the middle and working classes. Their proposals fall on either side of one question: Is the state or the individual better at spending the peoples’ money? Trump clearly thinks the people—as individuals or through the companies...
  • Opinion: Six myths about the U.S. economy that are just plain wrong [WAGES & GROWTH UP, DEBT DOWN]

    08/19/2016 3:47:51 AM PDT · by expat_panama · 48 replies
    Market Watch ^ | Aug 18, 2016 10:56 a.m. ET | Michael Brush
    1. The economy is merely “trudging along” at stall speed, so stocks are vulnerable This misperception is forgivable, given that U.S. GDP growth came in at around 1% for the first and second quarters. But to really understand the economy, you have to drill down on a lot more numbers than just GDP. And when you do so, the weak GDP numbers seem fishy. They just don’t jibe... * Employment growth is strong ... * Loan growth is robust... * Wage growth is solid. * Consumer spending is strong... The upshot? “Concern over the economy’s performance is running high, but...
  • Di Leo: Chain Closings and the Very Big Picture

    08/18/2016 8:38:47 PM PDT · by jfd1776 · 29 replies
    Illinois Review ^ | Thursday, August 18, 2016 | John F. Di Leo
    Should we be worried if the stock market doesn’t seem to be? We get the oddest mixed signals from the economy sometimes, don’t we? In recent months, we have learned of 95 Ruby Tuesday restaurants that will be shutting their doors… and that Macy’s will be closing a hundred department stores… and that 255 Hancock Fabric stores will be closing… and that Sports Authority will close virtually all 450 of its locations… the list goes on and on. Every week, there’s another such announcement, and yet the Dow Jones Industrial Average keeps setting record highs. And so, some of us...
  • Why oil prices just stampeded into bull-market territory

    08/18/2016 4:42:04 PM PDT · by BlackVeil · 30 replies
    MarketWatch ^ | Aug 18, 2016 | Myra Saefong
    Oil prices officially charged into a bull market Thursday as the prospect of an output freeze by major producers, data showing the first weekly fall in U.S. crude supplies in a month, and a decline in the dollar boosted prices. Crude-oil prices have advanced more than 20% from their Aug. 2 low over the past several sessions...September West Texas Intermediate crude CLU6, +0.23% climbed by $1.43, or 3.1%, to settle at $48.22 a barrel
  • Robots Will Not Be a Barrier to Job Creation [BAD POLICY IS THE THREAT]

    08/18/2016 4:25:36 AM PDT · by expat_panama · 24 replies
    Real Clear Markets ^ | August 18, 2016 | Robert Samuelson
    We are such an anxiety-ridden society that we worry about problems that haven't happened, and, almost certainly, won't. Robots are an apt example. Even McKinsey and Co., the high-powered management consulting firm, professes to be concerned. We imagine hordes of robots destroying jobs, leaving millions of middle-class families without work and income. Relax. Unless we adopt self-destructive policies, this is one doomsday we'll avoid. One thing that the U.S. economy excels at is creating jobs. You might doubt this listening to Donald Trump and Hillary Clinton, who promise personally to create millions of high-paying jobs. This is misleading. The overwhelming...
  • Spanish Marxist Professor Alfredo Serrano Is the Man Behind Venezuela’s Economic Mess

    08/17/2016 7:33:15 PM PDT · by fella · 10 replies
    Panam Post ^ | 16 Aug 2016 | Orlando Avendano
    Maduro Places Confidence in a Spanish Marxist Professor He Calls 'the Jesus Christ of the Economy The main culprits of the most radical measures taken by the Venezuelan government come from Spanish politician Alfredo Serrano Mancilla, according to Spanish Adviser to President Nicolás Maduro Deputy Carlos Valero. Valero told the newspaper ABC in Spain that Serrano “is the author of the latest and most radical economic measures undertaken by the Chavistas, who have only managed to impoverish the country.” Expropriations, the seizure of businesses, “urban agriculture” on balconies, the soviet supply system and forced employment in the public agriculture sector...
  • Fed Survey: Obamacare Causing Companies to Cut Jobs

    08/17/2016 1:56:24 PM PDT · by Brilliant · 15 replies
    WSJ ^ | Aug 16, 2016 | Vipal Monga
    Many companies are cutting jobs in response to rising health care costs spurred by the Affordable Care Act, according to a new survey by the Federal Reserve Bank of New York. Roughly one-fifth of service sector and manufacturing company executives said they are reducing the number of workers in response to provisions in the healthcare law... The New York fed surveyed about 100 executives in the manufacturing sector and roughly 150 executives in the services sector located in New York State, Northern New Jersey and Fairfield County, Connecticut... The results add to a bevy of bad news related to the...
  • HILLARY'S IN TROUBLE: LA Times Poll: Trump's SURGING with African Americans

    08/17/2016 11:30:55 AM PDT · by BlackFemaleArmyCaptain · 141 replies
    HILLARY'S IN TROUBLE: LA Times Poll: Trump's SURGING with African Americans.
  • Cisco Systems to lay off about 14,000 employees: Report

    08/17/2016 5:01:58 AM PDT · by mykroar · 62 replies
    CNBC.com ^ | 8/17/2016 | Reuters
    Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to the company. San Jose, California-based Cisco is expected to announce the cuts within the next few weeks, the report said, as the company transition from its hardware roots into a software-centric organization. Apart from Cisco, two other big software companies, Microsoft Corp and HP Inc, have also announced job cuts this year.Microsoft said in July that it would lay off about 2,850 jobs over the next 12 months, taking its total...
  • Fed officials eye interest rate hike this year (DEFLATION AND FED HIKES RATES!)

    08/17/2016 3:14:45 AM PDT · by expat_panama · 16 replies
    reuters ^ | August 16, 2016 | Business News
    The Federal Reserve is raising expectations for an interest rate rise this year, even as early as next month, after two policymakers on Tuesday said the economic stars now appear to be aligning despite weak U.S. economic growth in the first half of 2016. New York Fed President William Dudley said "it's possible" to raise rates at the Sept. 20-21 policy meeting given evidence of wage gains and a tighter labor market that could boost inflation, while Dennis Lockhart of the Atlanta Fed said a hike next month is in play. The comments, which prompted investors to boost bets on...
  • Donald J. Trump Remarks on Creating a New and Better Future for America’s Inner Cities

    08/16/2016 8:39:55 PM PDT · by Ray76 · 82 replies
    DonaldJTrump.com ^ | Aug 16, 2016 | Donald J. Trump
    It’s so great to be here tonight. I am honored to also be joined this evening by Governor Scott Walker, Chairman Reince Priebus, and Mayor Rudy Giuliani. We are at a decisive moment in this election. Last week, I laid out my plan to bring jobs back to our country. Yesterday, I laid out my plan to defeat Radical Islamic Terrorism. Tonight, I am going to talk about how to make our communities safe again from crime and lawlessness. Let me begin by thanking the law enforcement officers here in this city, and across this country, for their service and...
  • The Real Existential Threats of 2016

    08/16/2016 11:26:08 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | August 16, 2016 | Pat Buchanan
    On Sept. 30, the end of fiscal year 2016, the national debt is projected to reach $19.3 trillion. With spending on the four biggest budget items -- Medicare, Medicaid, Social Security, defense -- rising, and GDP growing at 1 percent, future deficits will exceed this year's projected $600 billion. National bankruptcy, then, is among the existential threats to the republic, the prospect that we will find ourselves in the not-too-distant future in the same boat with Greece, Puerto Rico and Illinois. Yet, we drift toward the falls, with the issue not debated. Ernest Hemingway reminded us of how nations escape...
  • Hillary Clinton: Tax, Spend and Recession

    08/16/2016 6:06:01 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | August 16, 2016 | Stephen Moore
    Poor Hillary Clinton. She's trying so fervently to come up with at least one new and inspiring idea to jump-start a moribund economy and help the financially stressed middle class. But the left's idea cupboard is empty. They have nothing to offer except: tax; spend; spin; hit the button again. So in her speech on Thursday on the economy, she proposed last week's leftover cold porridge. And it doesn't taste any better today than when President Obama first served it up. Clinton touted her proposed jobs program, which she has said she will launch "in (her) first 100 days (in...
  • Housing, Industry, Inflation Data Will Show If Economy As Sluggish As Retail Sales

    08/16/2016 3:15:55 AM PDT · by expat_panama · 18 replies
    Investors Business Daily ^ | August 15, 2016 | ED GRAHAM
    A raft of data out Tuesday morning will provide a signal as to whether growth is as tepid as the latest retail sales report showed, or whether the strong July jobs report is more reflective of reality. Unexpected strength could reverse the recent pullback in Treasury yields, mortgage rates and the dollar if markets begin to price in a stronger likelihood that the Federal Reserve will hike interest rates before March 2017, as the CME Group Fed Watch tool now shows. Tuesday's read on July housing starts and building permits, released by the Commerce Department at 8:30 a.m. ET, may...
  • The Unsexy Truth About Millennials: They’re Poor

    08/15/2016 11:06:57 AM PDT · by Lorianne · 269 replies
    Daily Beast ^ | 05 August 2016 | Samantha Allen
    Millennials are not some vast unsolvable mystery. According to a report from the U.S. Census Bureau (PDF), they earn $2,000 less than their parents did at a comparable age, they are more likely to live in poverty, and they are more likely to live at home. But Baby Boomers and Gen Xers still seem to find it hard to believe that basic economic math can explain much of the younger generation’s behavior. After several news outlets, including The Daily Beast, reported that rates of millennial sexual inactivity in early adulthood are surprisingly high, armchair social theorists came out in force...
  • Here's Why Wages Have Stagnated--and Will Continue to Stagnate

    08/15/2016 11:18:41 AM PDT · by Lorianne · 16 replies
    Of Two Minds ^ | 14 August 2016 | Charles Hugh Smith
    The only way to reverse declines in labor participation and stagnation in wages and demand is to make it easier to start enterprises and hire people. The reason why mainstream economists don't understand these developments is they don't: 1. Consider the systemic impact of energy and EROEI (energy returned on energy invested). 2. Consider the systemic impact of fast-rising private and public debt. 3. Consider the systemic impact of rising inflation resulting from state-cartel capitalism; the only possible output of state-cartel capitalism is a higher cost structure for' the entire economy. 4. Consider that consumption is exhausted because everyone already...
  • Standing Ovation: Trump’s Economic Plan

    08/15/2016 4:59:16 AM PDT · by Kaslin · 19 replies
    Townhall.com ^ | August 15, 2016 | Katie Kieffer
    Yes, Donald J. Trump has an economic plan. Last week, he received standing ovations and 10-second-long applauses from ordinary Americans who heard him explain how his plan will create more jobs than Hillary Clinton’s. “Donald Trump doesn’t have a plan! He’s all bluster and no muster,” is a common criticism of the GOP presidential nominee. But the entrepreneur proved his critics wrong when he announced his economic plan in Detroit, MI last week. Hillary, on the other hand, is a gal without a clear economic vision. “We are going to raise taxes on the middle class!” and “We are going...
  • Tough Talk On Trade

    08/15/2016 4:15:16 AM PDT · by expat_panama · 33 replies
    Investors Business Daily ^ | August 12, 2016 | Editorial
    Trade: On the campaign trail, both Republican candidate Donald Trump and Democratic presidential candidate Hillary Clinton have become increasingly anti-free trade. Free traders may be in for a nasty surprise. Right now, given current polls, Clinton seems most likely to be the next chief economic policy maker. If so, she will be the most anti-free trade leader of a major party since World War II. In recent days, Clinton has criticized trade deals that she says hurt jobs... ...she promised to "ramp up enforcement" of trade laws and to even appoint a "chief trade prosecutor." Criminalizing trade. Really? Economists largely...
  • TYLER DURDEN : Milwaukee Blacks Attack Whites Because "The Rich People Are Not Trying To Give Us No

    08/14/2016 10:38:23 PM PDT · by Zakeet · 68 replies
    ZeroHedge ^ | AUGUST 14, 2016 4:30 PM | BY TYLER DURDEN
    According to the government's official data, the number of unemployed black Americans is at its lowest since 2007 seemingly confirming President Obama's narrative that "everything is awesome." So, we wondered, if everything's awesome and everyone's got a job, why are black Americans rioting in Milwaukee? Here is the answer in one chart and one short sentence from a Milwaukee protester... Jobs are not fungible... Since President Obama was elected, black Americans may have seen their joblessness decline - but since President Obama was elected, income inequality for black Americans has soared... The solution is simple - as this young black...
  • Logan's Roadhouse files for bankruptcy; 18 restaurants closing

    08/14/2016 1:29:18 PM PDT · by 2ndDivisionVet · 30 replies
    The Birmingham News ^ | August 8, 2016 | Leada Gore
    Logan's Roadhouse restaurant chain has filed for bankruptcy. The filing was made Monday with U.S. bankruptcy court in Wilmington, Delaware. The plan, according to the company is "designed to restructure the company's balance sheet" while providing it with the "capital needed to turnaround operations." The Nashville, Tennessee-based steakhouse chain best known for its western flair and peanuts on the floor will close 18 restaurants as part of its restructuring. The chain operates 250 locations nationwide, including 23 in Alabama....
  • Still Report #1116 – Julian Assange – TPP Text is Still Top Secret

    08/14/2016 10:40:22 AM PDT · by GilGil · 36 replies
    Still Report ^ | 8/14/2016 | Bill Still
    Good morning, I’m still reporting on TPP. According an interview with Julian Assange done by Amy Goodman of Democracy Now, less than 14% of the text of the TPP has been released to the public. Twenty-five of its 29 chapters are still secret. According to Assange: “Once we’re in, we’re stuck forever.” Goodman interviewed Assange at the Ecuadorian Embassy in London on Monday and published the interview yesterday over the Pacifica network on their daily news show, Democracy Now at Democracynow.org. This is simply outrageous! I just don’t know how to describe this in non-conspiratorial terms. We stand on the...
  • Insanity Once More: The Hillary Clinton Economic Plan

    08/13/2016 2:24:05 PM PDT · by Kaslin · 10 replies
    Townhall.com ^ | August 13, 2016 | Larry Kudlow
    Doing the same thing over and over again and expecting different results, when in fact the results never change, is one definition of insanity. That definition works for economic insanity, too. Over the past seven-and-a-half years, President Obama has maintained a steady course of burdensome new regulations, significant tax increases, and massive federal spending on so-called infrastructure. He has unconstitutionally ordered executive actions, favored labor over business, attacked banks, insulted successful corporate leaders, and backed federal-government mandates on business. And with all this, strong economic recovery from a deep recession -- which has been an American tradition -- never came...
  • Stores to customers: "Cash not welcome here"

    08/13/2016 1:53:37 PM PDT · by 2ndDivisionVet · 35 replies
    CBS News ^ | August 12, 2016 | Aimee Picchi
    To get a glimpse of the future of commerce in America, look no further than Sweden. The Scandinavian country is largely a cashless society, with consumers relying on mobile phone payments or plastic. While the U.S. is still far from achieving the same level of cash-free existence, increasing numbers of restaurants and retailers are now snubbing the lowly dollar bill. Some merchants such as SweetGreen, a salad chain, refuse to open their registers for cash, telling customers they can pay only with mobile payments or cards. With some newer vending machines, only a card or mobile wallet will get that...
  • Report: Businesses leaving or curbing operations in state (CA)

    08/13/2016 12:52:06 PM PDT · by Mark · 16 replies
    Los Angeles Daily News ^ | 8/13/2016 | Kevin Smith
    California’s costly tax and regulatory policies prompted more than 10,000 businesses to leave the state, reduce their operations or curtail plans to locate here between 2008 and 2015, according to a report from Spectrum Location Solutions. The Irvine-based company conducts site-selection studies and other assessments to help businesses relocate to optimum states and locales for their operations. Some of their clients include corporations that have relocated out of California, like Honda. The report, “California Business Departures: An Eight-Year Review 20082015,” reveals that at least 1,687 California disinvestment events occurred during that period, a count that reflects only those that became...
  • Collapse Fatigue

    08/13/2016 4:54:49 AM PDT · by SkyPilot · 82 replies
    Zerohedge ^ | 12 Aug 16 | Mr. and Mrs. Cognitive Dissonance
    When we initially awaken and realize life is not what we were taught, inner alarms scream for our attention. Even though we can sense a danger we didn’t previously perceive, we cannot judge how close it is. There is no scale to measure proximity, only the palpable fear of a real and present danger. Naturally, most of us will desperately grasp for answers. How can this be? What does this mean? What do I do now? And who is to blame? We need answers! Or at least we think we do. As we search for answers, we find there is...
  • Ruby Tuesday to close 95 restaurants

    08/12/2016 4:24:57 PM PDT · by Extremely Extreme Extremist · 85 replies
    THE INDY CHANNEL ^ | 12 AUGUST 2016 | ERIC PFAHLER
    Ruby Tuesday plans to close 95 restaurants throughout the country, the company announced. The locations of the restaurants to be closed have not been released, but the restaurants will be shutting down quickly. According to the company's press release, the under-performing locations will stop operations by September. Ruby Tuesday's had 724 restaurants as of May 31, and 646 of those were company-operated.
  • Hillary Clinton's Economic Plan: Tax-And-Spend With A Vengeance

    08/12/2016 4:37:12 AM PDT · by expat_panama · 25 replies
    Investors Business Daily ^ | August 11, 2016 | Editorial
    Election 2016: Hillary Clinton has big plans for the economy if she's elected president, as she made clear in her speech in economically troubled Warren, Mich., on Thursday. It's too bad that her big plans involve only big spending and big taxes, which will produce little if any economic growth. Clinton's speech was framed around four questions. Which candidate has a plan to create good jobs? Who will ensure the top pay their "fair share" of taxes? Who will go to bat for families? And who can deliver results? But her answer to every question was the same: more government...
  • How to further undermine the economy

    08/11/2016 10:02:43 PM PDT · by TBP · 13 replies
    Washington Times ^ | Thursday, August 11, 2016 | Donald Lambro
    Throughout his two terms in the White House, Barack Obama has either exaggerated or covered up his failed record on the economy. Soon after taking office in the midst of a deep recession, he said the only way to grow our economy was to blow $1 trillion on government infrastructure projects across the country and fatten the budgets of a lengthy list of federal bureaucracies here in Washington. He raised taxes, created a sea of costly regulations on struggling businesses and employers, and made excuses when the economy continued to limp along year after year, by blaming the Bush administration,...
  • Full Speech: Donald Trump Addresses NAHB Board of Directors 8/11/16

    08/11/2016 11:01:27 AM PDT · by GilGil · 34 replies
    Youtube ^ | 8/11/2016 | Right Side Broadcasting
    Thursday, August 11, 2016:Full replay of Donald Trump’s address to the National Association of Home Builders Board of Directors Meeting in Miami, FL at the Sparkle Ballroom at Fontainebleau Miami. Full Speech: Donald Trump Addresses NAHB Board of Directors 8/11/16
  • Nassim Taleb Warns The Biggest Black Swan Event Of All Is Coming

    08/11/2016 8:37:58 AM PDT · by blam · 59 replies
    TMO ^ | 8-11-2016 | Jeff Berwick
    Jeff BerwickAugust 11, 2016 We are at an incredible moment in history. US stock markets are at nominal all-time highs. Government bonds are at or near all-time highs. Yet, central banks worldwide sit at 0% interest rates or less because things are too precarious to even raise rates a paltry 0.25% for fear of collapsing the entire system. In “traditional” economics this makes no sense. But we are far out of “traditional” now… we are in the extreme end-stages of a collapsing system. When that happens, nothing makes sense from a traditional/normal perspective. In the third quarter of 2015, during...
  • Trump’s Economic Speech a Home Run

    08/11/2016 5:11:34 AM PDT · by RoosterRedux · 12 replies
    townhall.com ^ | Dan Celia
    While the mainstream media didn’t give Donald Trump much credit, the economic plan he laid out this week at the Detroit Economic Club is exactly what we’ve been waiting for. Not only did the speech—which stirred repeated cheers from the audience—have great substance, but Trump came off as extremely “presidential.” However, most importantly, I liked the focus he placed on the average American in his remarks. All throughout his presentation, I couldn’t help thinking: “This is someone who truly does care about the average American.” Maybe you don’t believe that. But I do. I think Trump is aware that American...
  • Clinton to portray Trump economic plans as handouts for rich

    08/11/2016 5:58:50 AM PDT · by Olog-hai · 36 replies
    Associated Press ^ | Aug 11, 2016 7:02 AM EDT | Catherine Lucey and Lisa Lerer
    Hillary Clinton is set to go after Donald Trump’s economic agenda — aiming to portray her rival’s approach as offering handouts for the rich. […] Her campaign says she’ll try to make the case that the Republican presidential nominee’s plans would benefit him and his wealthy friends — and amount to an update of “trickle-down economics.” …
  • IBD/TIPP: Americans' Economic Outlook Hits 14-Month High

    08/11/2016 3:25:06 AM PDT · by expat_panama · 42 replies
    Investors Business Daily ^ | 8/09/2016 | JED GRAHAM
    Americans' view of the economy rebounded in early August from the worst level in several years to the best since June 2015, according to the IBD/TIPP Economic Optimism Index. The subgauge of the six-month economic outlook jumped to a still-dreary 44.7 from July's 36.7, which had matched the worst level since October 2013. The reading below the neutral 50 level still reflects a modestly pessimistic outlook. The improved sentiment comes amid news of higher wages... Separately, the National Federation of Independent Business reported on Tuesday that its Small Business Optimism Index rose slightly in July but remained on the soft...
  • How it’s Possible for the US Economy to Be Strong Even if Many are Not Fully Participating

    08/10/2016 2:37:04 PM PDT · by gop4prez · 13 replies
    Grey Enlightenment ^ | July 23, 2016. Edit | NA
    The left argues that wealth inequality will doom and economy because ‘no one will be able to afford anything’. But the empirical evidence refutes this. Consumer spending is at record highs and keeps rising. Stocks that are dependent on consumer spending keep making new highs. Amazon.com, Johnson and Johnson, Disney, Nike, Facebook, Google, and the consumer staples and consumer discretionary ETFs are are record highs.
  • Shock: Americans’ Wages Dropping Fast in 2016

    08/10/2016 6:53:32 AM PDT · by Prov1322 · 39 replies
    Breitbart ^ | 08/08/2016 | Neil Munro
    Federal data released Aug. 9 shows that Americans’ wages are dropping again, seven years after President Barack Obama declared the economy had recovered from the property-bubble — and three months before the 2016 election. The dramatic drop was buried in an Aug. 9 report by the Bureau of Labor Statistics, which said that officials have radically revised their prior claim that wages grew 4.2 percent in the first quarter, from January to March. “Real hourly compensation decreased 0.4 percent after revision, rather than the previously-published increase of 4.2 percent,” the BLS admitted. Compensation also fell another 1.4 percent in the...
  • Time to play offense on the shrinking workforce

    08/10/2016 5:31:04 AM PDT · by expat_panama · 23 replies
    American Thinker ^ | August 10, 2016 | Jerry Korth
    When is someone on the right going to expose the bogus employment and new job creation statistics being bandied around by almost everyone on the left? Usually, the media lets Obama and his minions drone on about the U3 unemployment rate of 4.9% or so and the number of “new jobs” created each month over the past seven years under Obama. Occasionally, a conservative media pundit will call them on the fact that there are many folks who have given up trying to find a decent job and have left the workforce and that many of those “new jobs” are...
  • Clinton Promises A Third Term Of Economic Suffering

    08/09/2016 2:30:57 PM PDT · by euram · 5 replies
    Trump-Pence ^ | August 9 2016 | Trump Campaign
    Hillary Clinton Has Praised President Obama’s Handling Of The Economy, But Many Americans Are Struggling With Stagnant Wages And Increasing Poverty Clinton Has Praised Obama’s So-Called “Recovery” And Gave His Administration An “A” Grade For Its Performance: In October 2015, Clinton Gave The Obama Administration An "A" For Its Overall Performance, Including The Clinton-Obama Economy. HILLARY CLINTON: "I'd give him an 'A.' I don't think he gets the credit he deserves for saving our economy from falling into a great depression, for saving the auto industry which represents millions of jobs up and down the supply chain, for beginning the...
  • The Warren Buffet Economy: How Central Bank Enabled Financialization Divided America

    08/05/2016 9:03:38 PM PDT · by ameribbean expat · 16 replies
    During the 29 years after Alan Greenspan became Fed chairman in August 1987, the balance sheet of the Fed exploded from $200 billion to $4.5 trillion. Call that a 23X gain. That’s a pretty massive increase—so let’s see what else happened over that three-decade span. Well, according to Forbes, Warren Buffett’s net worth was $2.1 billion back in 1987 and it is now about $73 billion. Call that 35X. *** Further down the Greenspan era rabbit hole, we have the average weekly wage of full-time workers in inflation adjusted dollars. In constant 1982 dollars that was $330 per week in...