Economy  (Page 1)

Fewer Regulations, Tax Reforms Boost CEOs Optimism to Record Points

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Posted by  ▪  Tuesday, March 14, 2017 at 5:30pm 3/14/2017 at 5:30pm
https://www.youtube.com/watch?v=o7scEoAv7vI

President Donald Trump’s promises to overhaul regulations and the tax codes along with positive sale outlooks have raised optimism among U.S. CEOs.

The Business Roundtable conducted its CEO Economic Outlook Index, “a measure of expectations for revenue, capital spending and employment,” found that the optimism jumped to 93.3. That’s a jump of...

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U.S. Economy Adds 235,000 Jobs in February

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Posted by  ▪  Friday, March 10, 2017 at 1:00pm 3/10/2017 at 1:00pm
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The Labor Department has reported that the U.S. economy added 235,000 jobs in February. This stat has lowered the unemployment rate to 4.7% while wages went up “2.8 percent from February 2016.” From Bloomberg:

“We’re getting closer and closer to full employment,” said Ryan Sweet, an economist at Moody’s Analytics Inc. in...

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International Central Banks Building Up Foreign Currency Reserves

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Posted by  ▪  Wednesday, March 8, 2017 at 11:30am 3/8/2017 at 11:30am
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The news has lately shown steady and growing markets, pushing optimism to new heights. But is it worth it? Central banks around the world have gone into self preservation mode. While the subject is not sexy, everyone should have information on the financial market. It’s another reminder how fragile the global...

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Right-to-work: Mississippi Nissan Factory Most Recent UAW Target

https://twitter.com/candacescoleman/status/838101451322830848
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Posted by  ▪  Monday, March 6, 2017 at 8:00pm 3/6/2017 at 8:00pm
https://twitter.com/candacescoleman/status/838101451322830848

Having worked their destructive magic in Detroit, the United Auto Workers union (UAW) has set its greedy sights on the South.  Roundly rejected by Tennessee workers at a Volkswagen auto plant in 2014, the UAW picked itself up, dusted itself off, and redoubled its thirteen-year efforts at a Nissan plant in...

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McDonald’s to Expand Kiosks, Delivery, Menu to Draw Customers

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Posted by  ▪  Wednesday, March 1, 2017 at 4:46pm 3/1/2017 at 4:46pm

Fast food giant McDonald’s has lost a few customers and wants to win them back. Executives plan to expand the company’s “delivery, mobile and kiosk-ordering options as it looks to cut costs.” From CNBC:

“Through enhanced technology to elevate and modernize the customer experience, a focus on the quality and value of...

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America is back in business!

http://www.kxii.com/content/news/ACS-Manufacturing-looking-for-60-to-80-new-employees-414113153.html
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Posted by  ▪  Saturday, February 25, 2017 at 11:00am 2/25/2017 at 11:00am
http://www.kxii.com/content/news/ACS-Manufacturing-looking-for-60-to-80-new-employees-414113153.html

President Trump has been meeting with business leaders regularly since his inauguration, including a meeting this week. These sessions cover a wide array of topics and grew out of Trump’s December announcement of an advisory panel on manufacturing.

“Today we have 24 CEOs from the largest manufacturing companies in the country and...

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Some States Want to Raise Gas Tax for First Time in Decades

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Posted by  ▪  Tuesday, February 21, 2017 at 1:00pm 2/21/2017 at 1:00pm

With higher construction costs and low revenue from low pump sales, a few states have considered raising the gasoline tax in an effort to raise funds for infrastructure.

President Donald Trump has promised to put forth $1 trillion to fix infrastructure across the country, but state officials have realized they need to...

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Bill Gates: Robots Should Pay Taxes, Too!

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Posted by  ▪  Saturday, February 18, 2017 at 1:00pm 2/18/2017 at 1:00pm

Bill Gates is arguing for a robot tax on businesses and, by clear and obvious extension, on consumers.

Fox News reports:

Bill Gates, the co-founder of  Microsoft and world’s richest man, said in an interview Friday that robots  that steal human jobs should pay their fair share of taxes.

“Right now, the human worker...

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Do We Need A “Federal Job Guarantee”?

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Posted by  ▪  Saturday, February 11, 2017 at 6:30pm 2/11/2017 at 6:30pm
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A group of academics has published an article in the socialist publication Jacobin in which they advocate for a “federal job guarantee.”  This proposal entails a guaranteed minimal income of $23,000 per year and “rising to a mean of $32,500” to people who do not have jobs.  This money would come,...

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Marijuana Sales Top $1 Billion in Colorado, Washington Combined

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Posted by  ▪  Saturday, February 11, 2017 at 5:00pm 2/11/2017 at 5:00pm

Colorado and Washington, two states that sell marijuana legally, enjoyed hefty sales on the drug in 2016.

Colorado sold more than $1.3 billion worth of marijuana and marijuana products while Washington saw $972 million during its 2016 fiscal year.

The legal sales meant more tax revenue for the states, which brought in $200...

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Will the House GOP Border Tax Survive?

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Posted by  ▪  Wednesday, February 8, 2017 at 2:30pm 2/8/2017 at 2:30pm

The Republicans in the House have suggested to overhaul the tax code with a “border-adjustment” proposal, but it has caused a massive split with companies before anyone has even drafted legislation.

I brought up this proposal when President Donald Trump explained that he would make Mexico pay for a border wall by...

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PragerU: Why Is America So Rich?

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Posted by  ▪  Thursday, January 26, 2017 at 3:30pm 1/26/2017 at 3:30pm

America rules. But why do we remain one of the richest nations? Should we thank the government or the entrepreneurs?

 
 
 

Walmart, GM, Amazon Develop Plans to Create Jobs in U.S.

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Posted by  ▪  Tuesday, January 17, 2017 at 2:30pm 1/17/2017 at 2:30pm

Three more American companies have announced plans to add and keep jobs in America on the heels of President-elect Donald Trump’s inauguration on Friday. Walmart wants to add 10,000 jobs in 2017 across the country while General Motors (GM) will invest $1 billion into several factories to help more than...

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Reuters: Gosh, Trump May Ruin Mexico’s Economy

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Posted by  ▪  Sunday, January 8, 2017 at 7:00am 1/8/2017 at 7:00am
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Following the news that Ford had cancelled its planned $1.6 billion auto assembly plant in Mexico, Mexican officials are concerned about the impact this will have on their economy.

The Wall Street Journal reports:

Ford Motor Co.’s decision to cancel a planned $1.6 billion assembly plant in the Mexican industrial city of San Luis...

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Trump Effect? Ford Cancels Mexico Plant, Invests in Michigan Instead

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Posted by  ▪  Tuesday, January 3, 2017 at 2:30pm 1/3/2017 at 2:30pm

Ford has announced the company will cancel the $1.6 million plant it planned to build in Mexico. Instead, the company will invest $700 million in Michigan:

Ford (F) CEO Mark Fields said the investment is a “vote of confidence” in the pro-business environment president-elect Donald Trump is creating. However, he stressed Ford...

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Prager U: How does the minimum wage work?

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Posted by  ▪  Friday, October 21, 2016 at 3:30pm 10/21/2016 at 3:30pm

The newest video from Prager U explores exactly how the minimum wage works and why it actually harms workers because businesses have to spend more to keep themselves afloat. Higher wages means less jobs.

 
 
 

Venezuelan Government Eases Price Controls On Food, Other Essentials

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Posted by  ▪  Saturday, October 15, 2016 at 3:30pm 10/15/2016 at 3:30pm
https://youtu.be/JAhQ-9C1VAU

The economic crisis in Venezuela canaptly be described as a centralized control crisis, a crisis socialist and communist states know and for some reason insist on repeating.  Over and over.  We’ve seen the reports on shortages ranging from toilet paper to food, and rather than risk a revolution that would topple...

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