Economy  (Page 1)

Bad News for Democrats: U.S. economy trumps Hong Kong’s as “most competitive in the world”

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Posted by  ▪  Monday, May 28, 2018 at 8:05pm 5/28/2018 at 8:05pm
https://www.youtube.com/watch?v=c-kMUc05c6g

The U.S. has trumped Hong Kong to retake first place among the world’s most competitive economies, thanks to faster economic growth and deregulation that is promoting innovation.

The Switzerland-based IMD World Competitiveness Center, which conducted the analysis, had Singapore, the Netherlands, and Switzerland rounding out the top 5 spots.

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Nancy Pelosi Urging Democrats to Concentrate on Economic Issues

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Posted by  ▪  Friday, May 11, 2018 at 7:00am 5/11/2018 at 7:00am
https://www.youtube.com/watch?v=qh5KYxGnFkU#action=share

Wait, what? Did the Democrats actually listen!? Has Hell frozen over? For the past few weeks, I’ve blogged about the Democrats’ loss of registered voters, how millennials have turned their backs to the Democrats because they want jobs, and a Democrat pollster’s recommendation the party concentrate on the economy.

Maybe, just maybe, the Democrats have...

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U.S. Unemployment Rate Below 4% for the First Time Since 2000

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Posted by  ▪  Friday, May 4, 2018 at 11:00am 5/4/2018 at 11:00am

The April jobs report has a few good and bad items. The economy added 164,000 jobs, which sounds great, but below the 175,000 – 190,000 forecasters predicted.

The biggest news? The U.S. unemployment rate is at 3.9%. This is the first time the unemployment rate is below 4% since 2000.

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U.S. Retail Sales Up .6 Percent After Three Straight Months of Declines

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Posted by  ▪  Monday, April 16, 2018 at 11:00am 4/16/2018 at 11:00am
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Retail sales in America grew by 0.6% in March after three straight months of declines. From The Wall Street Journal:

Retail sales—a measure of outlays at stores, restaurants and websites—increased a seasonally adjusted 0.6% in March from the prior month, the Commerce Department said Monday, beating economist expectations.

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Gun Manufacturer Remington Files for Bankruptcy Protection

https://www.youtube.com/watch?v=UdRIveblcOI
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Posted by  ▪  Monday, March 26, 2018 at 3:00pm 3/26/2018 at 3:00pm
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Remington, America’s oldest gun manufacturer, has filed for bankruptcy protection due to declining sales and mounting debt from Sandy Hook lawsuits.

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Report: Trump’s Proposed Tariff May Result in Higher Prices for Beer, Soft Drinks

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Posted by  ▪  Saturday, March 3, 2018 at 6:30pm 3/3/2018 at 6:30pm

The Beer Institute, a 501(C) organization based in DC, “condemns” President Trump’s proposed tariff on steel and aluminum stating that it will have a significant impact on American beer-makers (and buyers).

Fox News reports:

The Beer Institute is condemning President Donald Trump’s surprise plan to impose tariffs on aluminum and steel imports.

Despite a...

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Stellar Jobs Report Released Notwithstanding Nancy Pelosi’s Prediction of “Armageddon”

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Posted by  ▪  Friday, February 2, 2018 at 11:00am 2/2/2018 at 11:00am
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2018 has started off with a bang as the January jobs report showed the economy added 200,000 jobs during the month while the unemployment rate steadied at 4.1% for the fourth straight month. That’s the lowest it’s been since December 2000.

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Report: Predictions of Post-BREXIT Economic Doom Vastly Overstated

http://www.telegraph.co.uk/news/2017/06/09/general-election-results-theresa-may-talks-dup-coalition/
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Posted by  ▪  Thursday, December 28, 2017 at 11:00am 12/28/2017 at 11:00am
http://www.telegraph.co.uk/news/2017/06/09/general-election-results-theresa-may-talks-dup-coalition/

Prior to the Brexit vote, the Centre for Economics and Business Research (CEBR) lent fuel to the “remain” proponents’ “Project Fear” by predicting economic gloom for the UK should voters choose “leave.”  Their doom and gloom report assured...

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GDP Up 3% Despite Hurricanes in Third Quarter

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Posted by  ▪  Friday, October 27, 2017 at 2:30pm 10/27/2017 at 2:30pm
https://www.youtube.com/watch?v=C-Y-nW6enmk

Despite two massive hurricanes, the GDP, which is the measure of goods and services produced in America, grew to 3% in the third quarter.

Experts estimated a growth of only 2.5% because of the natural disasters, but the “increase in inventory investment and a smaller trade deficit” helped offset the slow spending...

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Pepsi Pushes Healthier Drinks, Sales Go Down in North America

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Posted by  ▪  Wednesday, October 4, 2017 at 5:00pm 10/4/2017 at 5:00pm

When will companies learn to listen to their consumers? Maybe PepsiCo will now that its profit dropped 10% in the third quarter after it devoted more time to healthier drinks instead of its staples like Pepsi and Mountain Dew. From The Wall Street Journal:

PepsiCo this year shifted resources away from its...

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Bye-Bye Benny’s

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Posted by  ▪  Wednesday, September 20, 2017 at 8:30pm 9/20/2017 at 8:30pm
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It’s tough for bricks-and-mortar retailers.

We reported earlier this year, how Retailers Filing for Bankruptcy Keep Piling Up, May Set Record in 2017. And recently how Toys R Us Files for Chapter 11 Bankruptcy.

Chapter 11 at least allows a retailer to reorganize, and perhaps survive in some form. But other retailers are simply folding up...

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Toys R Us Files for Chapter 11 Bankruptcy

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Posted by  ▪  Tuesday, September 19, 2017 at 9:32am 9/19/2017 at 9:32am
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Mega toy store Toys R Us filed for Chapter 11 bankruptcy protection late Monday night due to crushing debt. From CNBC:

The bankruptcy filing helps the Wayne New Jersey-based toy retailer relieve itself of the debt left over from its $6.6 billion acquisition by Kohlberg Kravis Roberts, Bain Capital Partners and real...

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Equifax hit with class-action suits after massive data breach

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Posted by  ▪  Monday, September 11, 2017 at 4:00pm 9/11/2017 at 4:00pm
https://www.youtube.com/watch?v=s0wlPCI88oo
...
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Equifax Breach Exposes Personal Info of Half the U.S. Population

https://www.youtube.com/watch?v=s0wlPCI88oo
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Posted by  ▪  Friday, September 8, 2017 at 11:30am 9/8/2017 at 11:30am
https://www.youtube.com/watch?v=s0wlPCI88oo

On Thursday, major national credit-reporting company Equifax revealed that a cyberattack from July exposed personal information of about 143 million U.S. consumers. The company wrote in a statement:

The information accessed primarily includes names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers. In addition, credit card numbers...

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Trending: We Need More Plumbers, Fewer College Grads

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Posted by  ▪  Monday, September 4, 2017 at 8:30am 9/4/2017 at 8:30am
https://www.youtube.com/watch?v=fANpFAiw--4&t=1s

We’ve all heard the same advice: get good grades in high school and get a bachelor’s degree. A bachelor’s degree has become so common that a lot of people have entered graduate school to get a master’s or a PhD.

That push has led to a shortage of tradespeople, especially as those...

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Democrat Rep. Tim Ryan Urges Party to Accept Corporate Tax Cuts

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Posted by  ▪  Friday, September 1, 2017 at 4:00pm 9/1/2017 at 4:00pm
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Rising Democrat star Rep. Tim Ryan (OH) told The Hill that he wants to see Congress embrace a “business friendly agenda” before the 2018 elections. Ryan said part of t...

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U.S. GDP Second Quarter Growth Revised Up to 3 Percent

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Posted by  ▪  Wednesday, August 30, 2017 at 2:30pm 8/30/2017 at 2:30pm
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The Bureau of Economic Analysis has revised the second quarter GDP growth to reflect 3%, up from the 2.6% growth initially released. This gives the U.S. its strongest quarter since 2015. From The Wall Street Journal:

Growth in the second quarter was “above the trend for the expansion” but came “after a...

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