Free Republic

The Black Futures Lab released on Thursday the findings of its Black Census Project 2022 which shows that Black America is most concerned with the state of the U.S. economy. Activist and study organizer Alicia Garza, of the Black to the Future Action Fund, told theGrio, “The number one issue for Black people in America is economics.” Black Lives Matter Co-Founder Alicia Garza speaks during the Women’s March “Power to the Polls” voter registration tour launch at Sam Boyd Stadium on January 21, 2018, in Las Vegas, Nevada. Demonstrators across the nation gathered over the weekend, one year after the...

Myles Udland January 27, 2015It is officially a horrible morning for the economy. After the global manufacturing giant Caterpillar had poor fourth-quarter results and gave a gloomy outlook for 2015, economic data from the US has added to more bad news for the economy Tuesday morning. Durable goods orders were a HUGE miss, declining 3.4% against expectations for a 0.3% increase. Durable goods orders excluding defense and transportation orders, referred to as "core" capex, declined 0.6% in December. Last month's numbers were also revised sharply lower, with November's orders revised down to -2.1% from a prior number of -0.7%. Following...

AMERICA HAS TWO ECONOMIES, and one is flourishing at the expense of the other. First, there's the legitimate economy, in which craftsmen are licensed and employers and employees pay taxes. Then there's the fast-growing underground economy, where millions of nannies, construction workers and others are paid off-the-books, their incomes largely untaxed. The best guess as to the size of the output of this shadow economy is about $970 billion, or nearly 9% that of the real economy. It should soon pass $1 trillion. What is largely fueling the underground economy, experts say, is the nation's swelling ranks of low-wage illegal...