Economy  (Page 1)

Shocking: Target Raised Wages to $15, Cut Employee Hours

https://www.youtube.com/watch?v=9gpxf21CSpk
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Posted by  ▪  Tuesday, October 15, 2019 at 6:30pm 10/15/2019 at 6:30pm
https://www.youtube.com/watch?v=9gpxf21CSpk

How do I economy? A business needs to make a profit in order to stay in business and provide goods for customers.

I also think people do not realize the size of Target, which means a lot of people making $15 an hour.

Reality runs deeper than Target’s size, though. You have to...

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Report Suggests Higher Education is Shrinking as an Industry

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Posted by  ▪  Tuesday, October 15, 2019 at 10:00am 10/15/2019 at 10:00am

College closures and shrinking enrollment are taking a toll on the business of higher education.

Doug Lederman writes at Inside Higher Ed:

The Incredible Shrinking Higher Ed Industry

Higher education enrollments have been falling for years, a well-documented outcome that can be attributed to some combination of a strong U.S. economy, changes in birth...

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College Closures Damage the Towns They Leave Behind

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Posted by  ▪  Monday, September 30, 2019 at 12:00pm 9/30/2019 at 12:00pm

College closures can affect an entire community. They grapple with lost jobs, lost revenue, and even a loss of identity.

From the Denver Post:

Former college campuses left to adapt to business loss, redevelopment

As colleges and universities come alive this fall, some campuses sit closed and empty after succumbing to a recent wave...

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Wall Street Democrats Warn They’ll Sit Out 2020 Presidential Election or Support Trump if Warren is Nominee

https://www.youtube.com/watch?v=5l-254XnpkA
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Posted by  ▪  Friday, September 27, 2019 at 7:00am 9/27/2019 at 7:00am
https://www.youtube.com/watch?v=5l-254XnpkA
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U.S. Economy Only Adds 130,000 Jobs in August

https://www.youtube.com/watch?v=i6LNGRIuscE
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Posted by  ▪  Friday, September 6, 2019 at 11:00am 9/6/2019 at 11:00am
https://www.youtube.com/watch?v=i6LNGRIuscE

Yikes. The August jobs report is less than stellar as the economy only added 130,000 jobs in the month.

To make matters worse, a lot of those jobs were temporary jobs for the 2020 census.

But one jobs report should not cause a freakout. Unemployment remains at 3.7% while reports from earlier this...

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Expert Predicts up to 25 Percent of American Colleges Will Close in Next Two Decades

https://youtu.be/joTFddr3wFk
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Posted by  ▪  Tuesday, September 3, 2019 at 11:00am 9/3/2019 at 11:00am
https://youtu.be/joTFddr3wFk

For years now, there have been warnings that the higher education bubble was going to burst. While we have witnessed the closure of many small schools this year already, one researcher at Harvard who studies higher education says the worst is yet to come.

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China Complains to WTO Over Trump Administration’s Tariffs

https://www.youtube.com/watch?v=9AsQh_RwRm0
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Posted by  ▪  Monday, September 2, 2019 at 6:00pm 9/2/2019 at 6:00pm
https://www.youtube.com/watch?v=9AsQh_RwRm0

China filed a complaint to the World Trade Organization (WTO) over the tariffs set in place by President Donald Trump’s administration.

The 15% tariffs went into effect on Sunday. It covers items like tools, apparel, some shoes, and a few electronics. The overall value of the goods adds up to...

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Germany Heading Towards Recession, Says Government Report

https://www.youtube.com/watch?v=aQw2bdinbro
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Posted by  ▪  Saturday, August 24, 2019 at 12:00pm 8/24/2019 at 12:00pm
https://www.youtube.com/watch?v=aQw2bdinbro

Germany is heading into a recession, a report released by Chancellor Angela Merkel’s office said. The economists working at the Chancellor’s office see Germany technically in a recession given the country’s negative growth in two successive quarters, the German weekly Der Spiegel reported. Europe’s largest economy is expected to contract between...

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China Retaliates With Tariffs on $75 Billions of More U.S. Goods

https://www.youtube.com/watch?v=sADXhHpOn1A
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Posted by  ▪  Friday, August 23, 2019 at 1:00pm 8/23/2019 at 1:00pm
https://www.youtube.com/watch?v=sADXhHpOn1A

China has decided to implement tariffs on $75 billion worth of U.S. goods as the U.S. plans to impose tariffs on $300 billion worth of Chinese products.

These additional tariffs will cover almost all of the remaining U.S. products imported to China.

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Economy Remains Healthy After Employers Added 164,000 Jobs in July

https://www.youtube.com/watch?v=bE9Emm7mHu8
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Posted by  ▪  Friday, August 2, 2019 at 11:00am 8/2/2019 at 11:00am
https://www.youtube.com/watch?v=bE9Emm7mHu8

The economy added 164,000 jobs in July while unemployment held steady at 3.7%. Annual wage growth went up to 3.2%.

Overall the report satisfied analysts and economists since it almost fell in line with expectations. It shows a healthy economy despite a slight slowdown.

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House Approves Bill to Double Federal Minimum Wage to $15

https://youtu.be/ulNDUVtydAs
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Posted by  ▪  Thursday, July 18, 2019 at 3:00pm 7/18/2019 at 3:00pm
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Restaurant Chain Files For Bankruptcy, Cites Progressive Minimum Wage Laws

https://youtu.be/ulNDUVtydAs
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Posted by  ▪  Sunday, July 14, 2019 at 6:00pm 7/14/2019 at 6:00pm
https://youtu.be/ulNDUVtydAs

The progressive push for higher minimum wage laws has had perfectly predictable results: lower-income people are most harmed, businesses switch to robots, businesses shutter, or as in the case of west coast Restaurants Unlimited, Inc., they simply file for bankruptcy. The chain closed six restaurants prior to filing.

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June Jobs Report Blows Past Expectations With 224,000 New Jobs

https://www.youtube.com/watch?v=URv7IRO8KO0
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Posted by  ▪  Friday, July 5, 2019 at 12:00pm 7/5/2019 at 12:00pm
https://www.youtube.com/watch?v=URv7IRO8KO0

The June jobs report blew apart expectations of economists as it showed the economy added 224,000 new jobs. Economists predicted only 160,000 jobs.

Unemployment crept up to 3.7% from 3.6%. However, the revisions are the noisy part of the report. The Labor Department trimmed 8,000 jobs...

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May Jobs Report: Only 75,000 Jobs Added, Unemployment Rate Still Low

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Posted by  ▪  Friday, June 7, 2019 at 3:00pm 6/7/2019 at 3:00pm

May’s jobs report is not great, but not necessarily bad. It does not help that the Labor Department revised down the otherwise great April and March jobs reports.

The economy only added 75,000 jobs, but the unemployment rate stayed at 3.6%.

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U.S. plans to refine its way out of potential “rare earths” crisis

public domain US govt photo https://pubs.usgs.gov/sir/2010/5220/ https://en.wikipedia.org/wiki/File:Rareearthoxides.jpg
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Posted by  ▪  Sunday, June 2, 2019 at 2:00pm 6/2/2019 at 2:00pm
public domain US govt photo https://pubs.usgs.gov/sir/2010/5220/ https://en.wikipedia.org/wiki/File:Rareearthoxides.jpg

There was once a time that the American economy was threatened by OPEC (Organization of Petroleum Exporting Countries) because we were an importer of petroleum products.

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Beer industry blames Trump’s tariffs for loss of 40K jobs

https://www.youtube.com/watch?v=X7_aw-K49m4
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Posted by  ▪  Sunday, May 26, 2019 at 10:00am 5/26/2019 at 10:00am
https://www.youtube.com/watch?v=X7_aw-K49m4

Last week, the Beer Institute and the National Beer Wholesalers Association released their Beer Serves America economic report on the nation’s beer industry.

The timing is intended to mark Memorial Day as one of the top beer-selling holidays of the year and the beginning of the summer beer-selling season.

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U.S. Birth Rate Plummets to Lowest Level in 32 Years

https://www.youtube.com/watch?v=RKPozXzLyTU&t=1s
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Posted by  ▪  Wednesday, May 15, 2019 at 1:00pm 5/15/2019 at 1:00pm
https://www.youtube.com/watch?v=RKPozXzLyTU&t=1s

A study from the Centers for Disease Control and Prevention’s National Center for Health Statistics found that women only gave birth to 3.79 million babies in 2018, which is a dip of 2%. We have not seen that low of a birth rate since the 1980s.

The fertility rate, which they measure...

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