Economy  (Page 1)

Illinois Lottery May Not Survive if State Cannot Pass a Budget

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Posted by  ▪  Wednesday, June 21, 2017 at 11:30am 6/21/2017 at 11:30am
https://www.youtube.com/watch?v=88pooCkhZaA

The Illinois lottery may become a victim of the bankrupt state if lawmakers cannot agree and pass a budget. In a last ditch effort, the lawmakers have started a special session on Wednesday that can last for 10 days. From Fox News:

The state lotto requires a payment from the legislature each...

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Amazon Will Buy Whole Foods for $13.7 Billion

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Posted by  ▪  Friday, June 16, 2017 at 2:30pm 6/16/2017 at 2:30pm
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Amazon has purchased Whole Foods for $13.7 billion, which will allow the online giant to step into the grocery store sector. Amazon officials have stated in the past they want to expand into groceries. From Bloomberg:

Amazon agreed to pay $42 a share in cash for the organic-food chain, including debt, a...

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Ann Taylor, Lane Bryant, Gymboree are the Latest to Close Stores

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Posted by  ▪  Monday, June 12, 2017 at 4:00pm 6/12/2017 at 4:00pm
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More retailers have decided to close stores while Gymboree has filed for bankruptcy.

Ascena Retail Group has decided to close “between 250 and 650 locations over the next two years.” This group owns Ann Taylor, Lane Bryant, and Justice stores among others.

CEO David Jaffe did not specify which brands the closures will...

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Amid Migrant and Currency Crisis, EU wants deeper Economic and Political Union

https://www.youtube.com/watch?v=DPrOzRGZzDU&t=27s
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Posted by  ▪  Thursday, June 1, 2017 at 11:30am 6/1/2017 at 11:30am
https://www.youtube.com/watch?v=DPrOzRGZzDU&t=27s

With the Greek debt crisis still unresolved and Brexit yet to be negotiated, European Union is rolling out plans to tie up the remaining 27 member states tighter together. In a policy paper released yesterday, the European Commission, the EU’s political arm, lays out the roadmap for “completing a genuine financial union”...

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Rand Paul’s REINS Act Heads to Senate Floor

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Posted by  ▪  Friday, May 19, 2017 at 1:00pm 5/19/2017 at 1:00pm

The Senate Homeland Security and Governmental Affairs Committee has passed Sen. Rand Paul’s (R-KY) Regulations from the Executive in Need of Scrutiny (REINS) Act, which means it will finally proceed to the Senate floor.

This is a major victory for us who despise too much regulation. From Reason:

Sponsored by Sen. Ran Paul...

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Economy Adds 211,000 Jobs, Unemployment Drops to 4.4%

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Posted by  ▪  Friday, May 5, 2017 at 2:30pm 5/5/2017 at 2:30pm
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The U.S. economy received a huge boost in April after it added 211,000 jobs and unemployment dropped to 4.4%. That’s the lowest unemployment number since May 2007. From Fox News:

In an encouraging sign, the number of part-time workers who’d prefer full-time jobs has reached a nine-year low. That trend suggests that...

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Puerto Rico Declares “Bankruptcy” Due to $123 Billion in Debts

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Posted by  ▪  Friday, May 5, 2017 at 1:00pm 5/5/2017 at 1:00pm
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Earlier this week, Puerto Rico, an American territory, sought “bankruptcy” protection after years of economic downfalls and facing $123 billion in bond and pension debts. So why did it take over two years for the island to address these problems?

First off, it’s not exactly bankruptcy since Puerto Rico is only a...

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Retailers Filing for Bankruptcy Keep Piling Up, May Set Record in 2017

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Posted by  ▪  Wednesday, April 26, 2017 at 8:30am 4/26/2017 at 8:30am

Online shopping has led to many American retailers to file for bankruptcy at a fast pace, which could possibly set records for 2017. Fourteen chains alone have filed in the first three months of this year.

Turns out no retailer is safe when it comes to shopping online. S&P found that “discount...

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Census Report Finds Millennials Having Difficulty Becoming Adults

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Posted by  ▪  Friday, April 21, 2017 at 8:30am 4/21/2017 at 8:30am

You’ll be shocked to learn that Millennials are having a tough time growing up. They’re struggling with the economy and putting off major life decisions. Mind you, this is the same generation which helped put Obama in the White House. Twice.

NBC News reports:

Most Millennials Are Finding It Hard to Transition Into...

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Trump’s Exec Orders on Trade Deficit Irk Merkel Government

https://www.youtube.com/watch?v=CZ8VTDfvX3Y&t=301s
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Posted by  ▪  Tuesday, April 4, 2017 at 11:30am 4/4/2017 at 11:30am
https://www.youtube.com/watch?v=CZ8VTDfvX3Y&t=301s

President Donald Trump’s latest executive orders on foreign trade have irked Chancellor Angela Merkel’s government, prompting tough talk from Berlin.

On Friday, President Trump signed two orders seeking to identify trade abuse and other malpractices carried out by foreign governments in order to lower the U.S. trade deficit. Merkel’s second-in-command, German Vice...

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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
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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

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Posted by  ▪  Monday, March 6, 2017 at 8:00pm 3/6/2017 at 8:00pm
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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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