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Keyword: economy

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  • Donald Trump tells businesses to bring back jobs from 'places like Ireland'

    08/15/2017 4:13:03 PM PDT · by 2ndDivisionVet · 19 replies
    The Journal ^ | August 15, 2017 | Gráinne Ní Aodha
    DONALD TRUMP IS bringing back jobs to the US – at least that’s what he’s promising to do. At a press conference at Trump Tower this evening, the US President said that he would cut down on regulations for construction projects like motorways, and aim to bring manufacturing jobs back from other countries – namechecking Ireland. You have to bring it back to this country, you can’t do it in Ireland and all of these other places. You have to bring this work back to this country so that American workers can benefit.(TWEET-AT-LINK) Ireland has gathered unwanted attention from the...
  • 12 Critical Events That Are Going To Happen Over A 40 Day Period From August 21st To September 30th

    08/11/2017 1:52:14 PM PDT · by Roman_War_Criminal · 84 replies
    Economic Collapse Blog ^ | 8/9/17 | Michael Snyder
    We are about to witness an extremely unusual convergence of events that many believe could represent a major turning point for our nation. By now you have probably heard that on August 21st a total solar eclipse will move across the entire continental United States for the first time in decades. In fact, we have not seen a total solar eclipse cross from the west coast to the east coast in 99 years. And it will be the very first total solar eclipse that is only visible in this country since the United States first became a nation. Starting with...
  • Only 0.1% of US minimum wage workers can afford a 1-bedroom apartment, report finds

    08/11/2017 1:34:53 AM PDT · by 2ndDivisionVet · 34 replies
    CNBC ^ | July 14, 2017 | Ester Bloom
    The percentage of American full-time minimum-wage workers who can afford to rent a one-bedroom apartment in any U.S. state without being what the government calls "burdened" is so vanishingly small — less than one percent — that it rounds down to zero. That's the conclusion of the National Low Income Housing Coalition, a lobbying group that pushes for more low-income housing and also reports that no full-time minimum-wage worker can afford a two-bedroom apartment in any U.S. state. Researchers define "afford" by people's ability to pay 30 percent of their income or less on the cost of housing, which may...
  • Should The Jones Act Be Repealed? (Skippers say "No")

    08/10/2017 11:42:34 AM PDT · by Oatka · 31 replies
    gCaptain ^ | August 9, 2017 | Captains George Livingstone & Grant Livingstone
    Another effort is under way in the Senate to repeal the Jones Act sponsored by Senator John McCain of Arizona. The law, originally enacted 97 years ago by Senator Wesley L. Jones of Washington State under section 27 of the Merchant Marine Act of 1920, focused on: Increased growth of American marine commerce Improving remedies to American mariners if injured on the job Providing for national security interests Today the Jones Act refers to federal statute 46 USC section 883 which controls coastwise trade within the United States. Essentially the Act prohibits foreign flagged vessels from engaging in coastwise trade...
  • Seven billionaires worried about a stock market correction

    08/10/2017 8:12:49 AM PDT · by SkyPilot · 22 replies
    Financial News London ^ | 10 Aug 17 | Jeff Reeves
    By now, all investors should know the research about the follies of market timing, MarketWatch reports. But similarly, all investors should admit that a quest for outperformance by stock picking and active management will never end — particularly given that 2017 shows more than half of active funds are beating their benchmarks for the first time since before the Great Recession. So it’s worth noting that a host of big-name billionaire investors are pretty concerned about current market conditions. Yes, there are tremendous benefits to passive, low-risk, long-term investing strategies. And obviously, some of the “best” investors on Wall Street...
  • There have never been this many job openings in America

    08/08/2017 6:21:18 PM PDT · by 2ndDivisionVet · 43 replies
    CNN Money ^ | August 8, 2017 | Patrick Gillespie
    American employers are trying to hire, but they can't find the right workers for the right price. The U.S. boasted 6.2 million job openings in June, a record level, according to a Labor Department report published on Tuesday. The high number of job openings illustrates a strength and a weakness of the U.S. job market. On the good side, American employers are ready to hire. During the Great Recession, job openings plunged to as low as 2.2 million in 2009. The Labor Department began tracking open positions in 2000. On the downside, employers increasingly say they can't find skilled and...
  • U.S. jobs openings surge to record high in June

    08/08/2017 8:31:29 AM PDT · by Hojczyk · 48 replies
    Reuters ^ | August 8,2017
    U.S. job openings jumped to a record high in June, outpacing hiring, the latest indication that companies are having trouble finding qualified workers. The Labor Department said on Tuesday that job openings, a measure of labor demand, increased 461,000 to a seasonally adjusted 6.2 million. That was the highest level since the series started in December 2000 and pushed the jobs openings rate up two-tenths of a percentage point to a near one-year high of 4.0 percent. The monthly increase in job openings was the largest since July 2015. Hiring was little changed at 5.4 million in June. That left...
  • BY THE NUMBERS: President Trump’s Historic First 200 Days – Promises Kept and Records Broken

    08/08/2017 6:31:20 AM PDT · by davikkm · 18 replies
    (In July President Trump promoted American made products from all 50 states in the White House including a Stetson cowboy hat from Texas. This was just one of his campaign promises – to buy American goods and to hire American employees.) To date President Trump is true to his campaign promises. Here is a list of President Trump’s Accomplishments with comparisons to Congress and Obama. President Trump started off as aggressive as any President ever in working for the American people as he promised. In President Trump’s first six months since the election and since his inauguration the US Stock...
  • The Trump Economy: Progress and Peril

    08/08/2017 5:10:57 AM PDT · by Kaslin · 3 replies ^ | August 8, 2017 | Stephen Moore
    Well, finally we are getting that "summer of recovery." The July jobs report released Friday was a blockbuster -- solid job gains across the economy, the lowest unemployment rate in more than a decade and a nice bump in wages. This was a report that transcends spin. You just have to tip your hat to American businesses and say, "Well done." Will Donald Trump get any of the credit? Even though nearly every poll for the past six years tells us that Americans care most about jobs and the economy (with terrorism occasionally taking over first place), the media...
  • Government Report Finds Drastic Impact of Climate Change on U.S.

    08/07/2017 9:26:21 PM PDT · by Innovative · 52 replies
    NY Times ^ | Aug. 7, 2017 | LISA FRIEDMAN
    WASHINGTON — The average temperature in the United States has risen rapidly and drastically since 1980, and recent decades have been the warmest of the past 1,500 years, according to a sweeping federal climate change report awaiting approval by the Trump administration. The draft report by scientists from 13 federal agencies, which has not yet been made public, concludes that Americans are feeling the effects of climate change right now. It directly contradicts claims by President Trump and members of his cabinet who say that the human contribution to climate change is uncertain, and that the ability to predict the...
  • In Weary Wisconsin Town, a Billionaire-Fueled Revival

    08/07/2017 3:54:10 AM PDT · by afraidfortherepublic · 13 replies
    New York Times Business ^ | 8-5-17 | Alexandra Stevenson
    Diane Hendricks and her late husband saw opportunity in Beloit, a decaying industrial town. Now, she dreams of turning it into a mecca for start-ups. When Diane Hendricks sees something she doesn’t like here, she buys it. A bankrupt country club. A half-empty mall. Abandoned buildings. The rusting foundry down by the river. Beloit used to be a town that made papermaking machines and diesel engines. Ms. Hendricks thinks it can be a place where start-ups create the next billion-dollar idea, and she is remaking the town to fit her vision. She can do so because she is the second-richest...
  • China’s debt surpasses 300 percent of GDP, IIF says, raising doubts over Yellen’s crisis remarks

    08/06/2017 8:10:08 PM PDT · by TigerLikesRooster · 17 replies
    CNBC ^ | 28 Jun 2017 | Silvia Amaro
    China’s debt surpasses 300 percent of GDP, IIF says, raising doubts over Yellen’s crisis remarks Silvia Amaro Wednesday, 28 Jun 2017 Global debt has hit a record level in the first quarter of this year, mainly driven by emerging markets, raising questions of whether there will be another financial crisis in the near future. Data from the Institute of International Finance showed that global debt reached $217 trillion in the first quarter of this year, or 327 percent of gross domestic product. "The debt burden is not distributed evenly. Some countries/sectors have seen deleveraging while others have built up very...
  • Globalists’ Big Idea: Grow GDP with 2 Immigrants for Every American Turning 18

    08/05/2017 8:08:53 AM PDT · by Cheerio · 75 replies
    Breitbart ^ | 4 Aug 2017 | Neil Munro
    A new report by left-wing and business economists says the nation’s economic growth can be accelerated to 4 percent per year — if Congress annually imports two immigrant consumers for every American teenager who turns 18. The two-for-one plan is Powerpoint ammunition for business leaders, Democrats, and establishment Republicans who say mass immigration is a better economic strategy than Donald Trump’s new merit-based immigration reform. Trump’s very popular reform would halve low-skilled immigration, while also inviting very skilled immigrants to help Americans grow the nation’s productivity and per-person wealth. The business-boosted alternative “population bomb” two-for-one plan would nudge up the...
  • The jobs report is far more fantastic than you probably realize.

    08/04/2017 7:15:21 PM PDT · by dangus · 13 replies
    BLS, FRED. | 08-04-2017 | Dangus
    Trump and the Republicans need to tout the jobs report better. Even ABC radio, which carries Rush Limbaugh and many other top conservative hosts was complaining that weak wage growth was dragging down the economy. NPR said wages were very weak, "this late into an economic recovery." This is shockingly untrue. In the first quarter of the year, real weekly earnings grew two 1982 inflation-adjusted dollars; that's about six real dollars. That's as much as real wages grew during the entire Obama administration. Wage growth then doubled THAT in the second quarter. And while we don't yet know the July...
  • Record 153,513,000 Employed in July; 62.9% Labor Force Participation

    08/04/2017 8:02:34 AM PDT · by george76 · 15 replies
    CNSNews ^ | August 4, 2017 | Susan Jones
    Labor Department's Bureau of Labor Statistics said the economy added 209,000 jobs in July; the number of employed people jumped by 345,000 to 153,513,000 in July, setting a third straight monthly record; the number of Americans counted as not in the labor force, meaning they don't have a job and are not looking for one, dropped for a third straight month to 94,657,000; and the nation's unemployment rate also dropped a tenth of a point, to 4.3 percent. The labor force participation rate.. was 62.9 percent in July, slightly better than it has been in recent months, but still close...
  • Drudge siren: US created 209,000 jobs in July, vs 183,000 job expected

    08/04/2017 5:34:17 AM PDT · by DCBryan1 · 54 replies
    Drudge/CNBC ^ | 04 AUG 17 | Jeff Cox | @JeffCoxCNBCcom
    Non-farm payrolls were expected to have increased by 183,000 last month after surging by an initially reported 222,000 in June, according to a Reuters survey of economists. The unemployment rate was expected to fall one-tenth to 4.3 percent.
  • Cartoonist Gary Varvel: Trump's accomplishments

    08/02/2017 2:42:07 PM PDT · by EveningStar · 9 replies
    The Indianapolis Star | August 1, 2017 | Gary Varvel
    Links only, per agreement with Gannett Trump's accomplishments Gary Varvel's Wall Street cartoons
  • Missile tests boost North Korean economic growth

    08/01/2017 12:48:24 AM PDT · by TigerLikesRooster · 13 replies
    Irish Times ^ | Jul 21, 2017
    Missile tests boost North Korean economic growth GDP expanded 3.9% on mining, manufacturing and utilities, says Bank of Korea Jul 21, 2017 North Korea’s economy grew in 2016 at the fastest pace since 1999, helped by a recovery from a drought in 2015. Military spending, including on testing nuclear weapons and missiles, also boosted growth, and raised tensions in the region. Gross domestic product expanded 3.9 per cent from a year earlier, according to an estimate from the Bank of Korea. The expansion was concentrated in mining, manufacturing, and utilities such as electricity, gas, and water supplies. Per capita income...
  • Building data centers creates jobs

    07/31/2017 6:45:51 PM PDT · by 2ndDivisionVet · 12 replies
    The Birmingham News ^ | July 31, 2017 | Tim Day
    It's no secret that the economy is changing. As technology plays a greater role in our personal and professional lives, our economy too increasingly relies on technology to create jobs and encourage growth. Technology is the foundation of our digital economy, and its modern infrastructure is data. However, in order to use data, we need a place to process and store it - in other words, data centers. Data centers are facilities that house the computers that process data. According to the U.S. Department of Energy, there are three million data centers across the country - including here in Alabama....
  • U.S. Companies Post Profit Growth Not Seen in Six Years

    07/31/2017 1:58:03 AM PDT · by abb · 16 replies
    The Wall Street Journal ^ | July 30, 2017 | Theo Francis and Thomas Gryta
    AmericaÂ’s largest companies are on pace to post two consecutive quarters of double-digit profit growth for the first time since 2011, helped by years of cost-cutting, a weaker dollar and stronger consumer spending. Earnings at S&P 500 companies are expected to rise 11% in the second quarter, according to data from Thomson Reuters, following a 15% increase in the first quarter. Close to 60% of the firms in the index have reported second-quarter results so far. Even as activity inside the Beltway bogged down, the markets have been on an almost nonstop rally since the election. The S&P 500 is...