Economy  (Page 11)

NY phasing in $15 minimum wage

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Posted by  ▪  Saturday, April 2, 2016 at 10:30am 4/2/2016 at 10:30am

The State of New York just passed two significant measures. One is a new family leave policy and the other is a new minimum wage of $15 an hour.

Liberals are pretty stoked about both items. Smaller businesses, particularly in hard-hit upstate NY, not so much. Expect the people intended to...

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Bernie Sanders Insists His Socialist Proposals Are Viable

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Posted by  ▪  Friday, February 26, 2016 at 10:00am 2/26/2016 at 10:00am

Early this week, while most people were focusing on the Nevada GOP caucus, CNN held another Democratic Party town hall event. When Bernie Sanders was confronted about the viability of his proposals, he got a little cranky.

Jack Heretik reports at the Washington Free Beacon:

Bernie Sanders Tries To Defend Viability Of His...

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Americans Account for One-third of All Global Charitable Giving

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Posted by  ▪  Friday, January 22, 2016 at 6:00pm 1/22/2016 at 6:00pm

We’ve become accustomed to hearing from the increasingly shrill fringe left about the greedy evils of the top 1%.  However, it’s important not to lose sight of the fact that Americans are a generous and charitable people . . . including the most wealthy among us.

The Washington Examiner reports that of...

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Royal Bank of Scotland: “Cataclysmic year ahead”

http://video.foxnews.com/v/4707290583001/behind-the-markets-rocky-2016-start/?#sp=show-clips
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Posted by  ▪  Sunday, January 17, 2016 at 2:30pm 1/17/2016 at 2:30pm
http://video.foxnews.com/v/4707290583001/behind-the-markets-rocky-2016-start/?#sp=show-clips

During his State of the Union address, Obama asserted that anyone portraying the American economy as bad was “peddling fiction“.

Perhaps he can explain why our stock market was outperforming expectations . . . in terms of how much it dropped?

The Dow Jones Industrial Average dropped almost 400 points Friday, falling below...

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Obamacare Premiums Are Going Up… Everywhere

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Posted by  ▪  Saturday, November 28, 2015 at 12:30pm 11/28/2015 at 12:30pm

Remember when Obama and all of his allies in politics and media told us that the Affordable Care Act would save money for working families and the country? It turns out that promise was as good as the one about keeping your doctor.

The truth is that the cost of Obamacare is...

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Art Laffer: Rand Paul and Ted Cruz Have Best Tax Plans

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Posted by  ▪  Friday, November 27, 2015 at 6:00pm 11/27/2015 at 6:00pm

Art Laffer, famed member of President Reagan’s Economic Policy Advisory Board, has co-authored, with Stephen Moore, an article for Investor’s Business Daily in which they assert that Rand Paul and Ted Cruz have the “best” tax proposals.

They begin with a bit of a warning to those serious about tax reform:

All the...

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Gallup: American Approval* of Obama’s Performance Hits High Note

https://www.youtube.com/watch?v=Dul8HZooJhU
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Posted by  ▪  Monday, November 16, 2015 at 7:45pm 11/16/2015 at 7:45pm
https://www.youtube.com/watch?v=Dul8HZooJhU

President Obama’s approval ratings may be circling the drain, but a new Gallup poll released today shows that they’re slightly less terrible than usual.

Small miracles?

American approval of Obama’s handling of health care and the economy just clocked in at 44%, which represents a three-year high in both categories. The...

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Hillary Forgets Who’s Been President for the Last Seven Years

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Posted by  ▪  Monday, October 19, 2015 at 10:00am 10/19/2015 at 10:00am

Hillary Clinton visited Alabama this weekend and while nearly all of the early media reports are about her absurd claim that Republicans are trying to disenfranchise black voters, it was her remarks about the economy that were truly stunning.

In the Associated Press video below, Hillary suggests that it is always Republican...

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New Jobs Numbers Out: “You Can’t Throw Lipstick on this Pig of a Report”

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Posted by  ▪  Friday, October 2, 2015 at 1:20pm 10/2/2015 at 1:20pm

The latest jobs report released today could spell trouble for the US economy—and workers.

According to analysts, the economy underperformed in terms of jobs created. Experts surveyed by CNNMoney estimated that we would see a net gain of 204,000 jobs in...

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Is Sweden Ready to Abolish…Cash?

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Posted by  ▪  Thursday, October 1, 2015 at 10:00am 10/1/2015 at 10:00am

Is this the wave of the future?:

Central bank policymakers had believed they had run out of room to support their respective economies, with their interest rates held close to the floor.

…Cut rates too deeply, [they thought], and savers would end up facing negative returns. In that case, this could encourage...

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August Jobs Report: 94 Million Americans No Longer in Labor Force

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Posted by  ▪  Saturday, September 5, 2015 at 12:03pm 9/5/2015 at 12:03pm

Democrats are probably very happy with the August jobs report and the new unemployment rate of 5.1, but if you look closely at the issue, there’s no reason for turning cartwheels just yet.

Susan Jones of CNS News:

Record 94,031,000 Americans Not in Labor Force; Participation Rate Stuck at 38-Year Low for 3rd...

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“Popular Unity” party splits from far-leftists in Greek political meltdown

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Posted by  ▪  Monday, August 24, 2015 at 1:03pm 8/24/2015 at 1:03pm

Greece’s wild ride through the wake of the Eurozone mega-bailout continued to bounce along today as far-left lawmakers split off from the (already far-left) Syriza party to form their own rebel faction.

Former energy minister Panagiotis Lafazanis and his fellow malcontents now have three days to bolster the new Popular Unity...

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Illinois Gov Rauner keeps fighting as “slowdown” continues

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Posted by  ▪  Monday, July 27, 2015 at 6:05pm 7/27/2015 at 6:05pm

Late last month, Illinois Governor Bruce Rauner (R-eal Life Republican) made headlines after he allowed his government to go into a partial shutdown rather than succumb to Democrats’ demands for a tax-and-spend budget.

Now, almost a month later, democrats are still pushing for more taxes and more entitlement spending—but Rauner isn’t...

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Restrictions, price hikes mar Greek bank reopenings

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Posted by  ▪  Monday, July 20, 2015 at 4:15pm 7/20/2015 at 4:15pm

For the first time in three weeks, Greek banks opened for business; but for account holders, that renewed access to cash comes at a price.

Although doors opened and ATMs were stocked, Greeks looking to cash out were met with the continuation of withdrawal restrictions of 60 euros per day; the...

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Anti-Austerity Violence Erupts in Greece

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Posted by  ▪  Thursday, July 16, 2015 at 2:00pm 7/16/2015 at 2:00pm

After a full month of drama, Greece and its creditors finally agreed on a multi-billion dollar bailout package. One of the bailout’s most controversial conditions is a list of new austerity measures, and we all know how many Greeks feel about those.

Anti-austerity violence broke out on the streets of Athens...

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Greece to stay in Eurozone, but at a cost (Updated)

https://twitter.com/TeamVaroufakis/status/617750910278725633
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Posted by  ▪  Monday, July 13, 2015 at 1:15pm 7/13/2015 at 1:15pm
https://twitter.com/TeamVaroufakis/status/617750910278725633

After 22 hours of fierce negotiating, the Eurozone summit has come up with a deal that will keep Greece in the Eurozone in exchange for both budget cuts and tax hikes.

For those who oppose austerity and “euro”centric economics, the deal is a huge blow. Europe has agreed to advance Greece...

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The Chinese Stock Market Is In Big Trouble

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Posted by  ▪  Tuesday, July 7, 2015 at 3:45pm 7/7/2015 at 3:45pm

Things are bad in both of China’s big exchanges; both the Shanghai and Shenzen are seeing companies halting their trading on both:

Over 700 Chinese companies have halted trading to “self preserve,” according to...

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