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Keyword: economy

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  • United Technologies plans to hire 35,000 and spend $75 billion with suppliers....

    05/24/2018 10:29:31 AM PDT · by 2ndDivisionVet · 10 replies
    The Republican ^ | May 24, 2018 | Jim Kinney
    Aerospace and technology giant United Technologies Corp. said Wednesday it plans to hire 35,000 people -- including thousands in Connecticut -- and spend more than $15 billion on capital improvements and research and development over the next five years. UTC also announced plans to spend an additional $75 billion through local procurement of products and services, money that could include components from Springfield-area precision manufacturers....
  • Fed indicates it will let inflation run above 2 percent goal for 'temporary period'

    05/23/2018 3:48:05 PM PDT · by BenLurkin · 25 replies
    The Fed's preferred inflation gauge, the core personal consumption expenditures index, currently is at 1.9 percent, while the headline rate including energy and food prices is at 2 percent. Fed officials described wage pressures as "moderate" though it noted there has been more pressure in industries where labor supply is tightening. Fed officials see 2 percent inflation as a level that sustains economic growth without putting too much upward pressure on prices. After seven years of keeping its benchmark interest rate near zero, the FOMC began raising rates in December 2015, with the current target range at 1.5 percent to...
  • Inflation is coming to the US economy on an 18-wheel flatbed

    05/23/2018 7:53:37 AM PDT · by BenLurkin · 59 replies
    CNBC ^ | 05/22/2018
    Multiple signs of inflation in freight-related industries are at or near historical highs, in what could be an early sign that price pressures are building and ready to reverberate around the economy. Freight marketplace DAT keeps track of supply and demand in the freight industry through a bulletin board that matches companies with loads to be delivered to the vehicles that will take the goods to the marketplace. The measures are in the spot market, where vendors that don't contract their deliveries find drivers for their products. Recent readings show demand for vehicles skyrocketing, a sign that generally points to...
  • Bad News For Dems: Household Income Hits All-Time High Under Trump … And He's Getting Credit For It

    05/23/2018 3:13:08 AM PDT · by IBD editorial writer · 6 replies
    Investor's Business Daily ^ | 5/22/2018 | IBD Editorial Board
    Growth: A new report shows that the median household income has climbed 3% since President Trump took office. It's another sign of a strong economy, and at least one poll shows the public credits Trump for the good news. Should Democrats wave bye to the Blue Wave? Median household income has been steadily increasing under Trump, rising from $59,471 in January 2017 to $61,483 last month, according to Sentier Research, which tracks income on a monthly basis using census data. This also means that household income is now higher than it's been in at least 50 years — after adjusting...
  • N. Koreans upbeat about economic changes after planned Trump-Kim summit: Singapore-based NGO

    05/21/2018 9:57:36 PM PDT · by 2ndDivisionVet · 6 replies
    The Straits Times ^ | May 18, 2018
    SEOUL (THE KOREA HERALD/ASIA NEWS NETWORK) - North Koreans are upbeat about the economic changes the summit between their leader Kim Jong Un and US President Donald Trump might bring, according to a member of a non-profit group who was in Pyongyang just last week. Singapore-based Choson Exchange, which has trained some 20,000 North Koreans since 2007, held its latest workshop in Pyongyang last week, focusing on entrepreneurship and start-up skills. A record number of North Koreans - almost 130 - signed up for the workshop. Ian Bennett, London-based outreach coordinator for Choson Exchange, said the North Koreans appeared more...
  • ‘We Just Want Our Community Back:’ Long Islanders Upset [TR]

    05/21/2018 4:37:47 PM PDT · by Extremely Extreme Extremist · 7 replies
    CBS NEW YORK ^ | 21 MAY 2018 | CBS NEW YORK
    GORDON HEIGHTS, N.Y. (CBSNewYork) — Just how much can one community take? There are multiple neighborhoods in New York where the state has clustered paroled ex-cons, and innocent families are paying the price. A 26-year-old mother accused of trying to kill her baby earlier this month created anguish in her Suffolk County community. Her lawyer claims she was mentally ill and a victim of human trafficking, while others say she was an interloper moving from house to house on a notorious street in a hamlet that borders Coram — Gordon Heights.
  • China reportedly considers scrapping two-child limit per family

    05/21/2018 6:31:55 AM PDT · by Poison Pill · 25 replies
    CNBC ^ | 5/21/2018 | Shafi Musaddique
    China is reportedly planning to scrap its controversial two child-policy.The country imposed a one-child policy for decades.China's birthrate has been declining rapidly since the 1980s and has become a pressing concern for President Xi JinPing as he looks to develop the economy.
  • Poll: Two-thirds of Americans give Trump credit for economy

    05/20/2018 10:52:20 AM PDT · by yesthatjallen · 17 replies
    The Hill ^ | 05/20/18 | Brett Samuels
    Most Americans believe President Trump is at least somewhat responsible for the good state of the economy, a CBS News poll revealed Sunday. According to the poll, 35 percent of Americans believe Trump’s policies are “a great deal” responsible for the economy’s performance. Another 33 percent said the president is somewhat responsible. Overall, two in three Americans believe the economy is in at least somewhat good shape, the poll found. In addition, 42 percent of respondents said they feel optimistic about the economy for the next couple of years. Etc...
  • Doomed? Why Iran's Economic Mess Will Get Worse

    05/20/2018 1:37:48 AM PDT · by TigerLikesRooster · 22 replies
    The Baghdad Post ^ | May 19 2018 | Simon Constable
    Doomed? Why Iran's Economic Mess Will Get Worse Simon Constable The matter at hand is the decision earlier this month by the Trump administration not to certify the so-called nuclear deal, and that means Iran will soon be subject to harsh U.S. sanctions. Overall the result will be a squeezed economy. Current situation Even the latest official statistics for the Iranian economy don't look good. The unemployment rate stands at 11.9% and the inflation rate at 8.3%, according to TradingEconomics.com. However, at least some of the government figures may be more aspirational than actual. Take, for instance, the inflation rate....
  • Why Are So Many People Moving Out Of California?

    05/19/2018 11:36:01 AM PDT · by SeekAndFind · 88 replies
    TEC ^ | 05/18/2018 | Michael Snyder
    In recent years, the number of people moving away from the state of California has greatly outnumbered the number of people moving into the state. Reasons for the mass exodus include rising crime, the worst traffic in the western world, a growing homelessness epidemic, wildfires, earthquakes and crazy politicians that do some of the stupidest things imaginable. But for most families, the decision to leave California comes down to one basic factor… Money.For a lot of Californians, it simply does not make economic sense to remain in the state any longer. So over the past decade approximately 5 million people...
  • For class of 2018, it's the best job market in a decade

    05/17/2018 10:52:17 AM PDT · by Oldeconomybuyer · 18 replies
    CBS "News" ^ | May 17, 2018 | By JILLIAN HARDING
    Congratulations, class of 2018 -- you've hit the jackpot, graduating into the strongest job market in a decade, according to CareerBuilder. Around 80 percent of companies surveyed by the jobs site said they plan to hire college grads this year, up from 60 percent in 2008. Another plus for new grads? More than half of employers surveyed cite starting salaries of $40,000 or more. As for the most sought-after degrees or majors, business topped the rankings with more than a third of companies surveyed looking to hire grads with that major. Around 22 percent of companies are seeking candidates with...
  • The spectacular power of Big Lens

    05/16/2018 9:35:42 AM PDT · by 2ndDivisionVet · 10 replies
    The Manchester Guardian ^ | May 10, 2018 | Sam Knight
    If you have been wearing glasses for years, like me, it can be surprising to discover that you perceive the world thanks to a few giant companies that you have never heard of. Worrying about the fraying edge of motorway lights at night, or words that slide on the page, and occasionally spending a fortune at the opticians is, for many of us, enough to think about. And spectacles are unusual things. It is hard to think of another object in our society which is both a medical device that you don’t want and a fashion accessory which you do....
  • Larry Kudlow Defying Critics, Cleaning House

    05/16/2018 6:58:31 AM PDT · by SeekAndFind · 5 replies
    American Thinker ^ | 05/16/2018 | Paul Ingrassia
    Larry Kudlow, who took over as director of the National Economic Council (NEC) after Gary Cohn's departure last month, is so far demonstrating extraordinary leadership in being able to reconcile the disparate factions within the Trump administration, all the while promoting growth-centered policies that would only strengthen an economy already in its best shape in years. Naturally, Mr. Kudlow's transition to his current role was made easier by inheriting an economy rejuvenated by one of the largest across-the-board tax cuts and reforms in modern American history. Unemployment has reached its lowest point in nearly two decades; wages are up categorically;...
  • Pompeo: U.S. willing to help North Korea economy if it gives up nuclear weapons

    05/11/2018 1:04:31 PM PDT · by 2ndDivisionVet · 34 replies
    CBS News ^ | May 11, 2018 | Staff and the Associated Press
    The United States is willing to help North Korea with its economy if the North gets rid of its nuclear weapons, Secretary of State Mike Pompeo said Friday. Pompeo held a joint news conference with South Korean Foreign Minister Kang Kyung-wha the day after he returned from Pyongyang with three American detainees released by North Korea. Pompeo said the goal of talks with North Korea is complete and verifiable denuclearization of the Korean Peninsula. He also said he had "good" and "substantive" conversations with leader Kim Jong Un during his visit. Kang said there must be "airtight" coordination between South...
  • Florida, always a bridesmaid, seeks to surpass Texas

    05/11/2018 12:26:47 PM PDT · by Brilliant · 12 replies
    Business Observer ^ | 5/11/18 | Business Observer Staff
    Florida’s sunshine, yet again, is only worth a silver medal when it comes to the annual best and worst states to do business in survey published by Chief Executive magazine. How much of a silver? This is the 14th straight year Florida is the runner-up to Texas in the survey, of some 300 CEOs nationwide. The biggest factor blocking Florida from dethroning Texas won’t come as a surprise to many business leaders: workforce quality. Florida ranked No. 22 in that category, while Texas was No. 4. The business climate survey, on topics including workforce, taxes and regulation and living environment,...
  • Sorrell praises Trump economy, warns about Amazon, China (Thinks Trump will be re-elected)

    05/09/2018 8:18:16 AM PDT · by 2ndDivisionVet · 3 replies
    US Campaigns ^ | May 9, 2018 | Thomas Moore
    Former WPP chief executive Sir Martin Sorrell warned the audience at the Techonomy NYC 18 conference on Tuesday about the power of Amazon and China, praised the Trump economy, and predicted that US president Donald Trump might win a second term. Sorrell pointed out that Facebook and Google should be worried about the growing power of Amazon in the ad world and the economy. "They don’t like being referred to as ‘the duopoly’ for obvious reasons," he said of Facebook and Google. "But they still have a stranglehold. The one threat to them is Amazon. Last quarter, I saw that...
  • Brandt begins local production, still hiring (Illinois)

    05/08/2018 4:12:51 PM PDT · by 2ndDivisionVet · 1 replies
    The Pantagraph ^ | May 8, 2018 | Derek Beigh
    HUDSON — Brandt Group of Companies is now in business in McLean County. The Canadian agriculture manufacturer has started making grain-conveying and grain-handling equipment with 75 employees at 19500 N. 1425 East Road in rural Hudson after spending the last few months preparing the plant, Brandt President Shaun Semple told The Pantagraph on Tuesday. "We took two products to get the initial management team up and running," said Semple. "Our hope is to be at 150 (employees) by the end of the first year of production. ... We could get up to 250 or 300 by the end of the...
  • Americans Are Experiencing The Benefits of Tax Reform

    05/08/2018 5:39:31 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | May 8, 2018 | Rep David Brat
    Members of the media are pushing the narrative that tax cuts are unpopular with voters. The truth is that they aren’t unpopular. American families like—and need—tax cuts. Taxes are unpopular because voters know they can spend their money better than Washington can. They can invest it, they can save it, and they can donate it to the causes they care deeply about. Taxes are also unpopular because Washington is bloated. It’s no secret that it wastes taxpayer money all the time. Last year, Sen. Jeff Flake, R-Ariz., pointed out that the federal government was spending $1.7 million for a...
  • As Trump Prepares Plan to Lower Drug Prices, Big Pharma Girds for a Fight

    05/06/2018 4:48:11 PM PDT · by Theoria · 38 replies
    The New York Times ^ | 06 May 2018 | Robert Pear
    In his State of the Union address in January and again in New Hampshire in March, President Trump made a bold promise: “You’ll be seeing drug prices falling very substantially in the not-too-distant future,” he said, “and it’s going to be beautiful.” Not if the pharmaceutical companies can stop it. Big Pharma is pouring money into a lobbying campaign to thwart any serious efforts to rein in prescription drug prices ahead of a presidential speech this month where Mr. Trump plans to lay out his drug pricing proposals. “There is apprehension across the industry,” said Bruce Artim, who retired recently...
  • A Fast-Food Problem: Where Have All the Teenagers Gone?

    05/06/2018 9:13:08 AM PDT · by Theoria · 143 replies
    The New York Times ^ | 03 May 2018 | RACHEL ABRAMS and ROBERT GEBELOFF
    A quarter-century ago, there were 56 teenagers in the labor force for every “limited service” restaurant — that is, the kind where you order at the counter. Today, there are fewer than half as many, which is a reflection both of teenagers’ decreasing work force participation and of the explosive growth in restaurants. But in an industry where cheap labor is an essential component in providing inexpensive food, a shortage of workers is changing the equation upon which fast-food places have long relied. This can be seen in rising wages, in a growth of incentives, and in the sometimes odd...