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Economy Tag

Posted by Mary Chastain on March 18, 2021 34 Comments
The United Auto Workers (UAW) told Ford employees at an Ohio plant the company wants to move production of a new line to Mexico instead of their Ohio Assembly Plant (OHAP). Ford has not made its decision public, but the union insists it received "strategically limited information," and the situation is "rapidly evolving."

Posted by Mike LaChance on February 16, 2021 16 Comments
It's astounding that one of Joe Biden's first acts as president was to destroy thousands of jobs with the stroke of a pen. The people who lost their ability to provide for their families have spoken out, but their objections have fallen on deaf ears. Republicans, who are increasingly embracing working-class voters, are planning to make the Democrats pay a political price for this.

Posted by Mary Chastain on January 14, 2021 14 Comments
Last week's unemployment claims went up by 181,000 to 965,000, which is another sign the economy is having a tough time with COVID-19 spikes. This is the biggest jump since August.

Posted by Leslie Eastman on January 12, 2021 41 Comments
During his "state of the state" address, New York Governor Andrew Cuomo told residents he intends to safely reopen the state’s economy despite an increasing number of confirmed coronavirus cases.
The Democratic governor put a heavy emphasis on planning the state’s "economic resurgence," even as it faces a record-setting budget deficit.

Posted by Mike LaChance on January 05, 2021 8 Comments
Weeks ago, we learned that Janet Yellen, Biden's pick to head the Treasury Department, plans to use her position to advance social justice. Now we are finding out that she made millions giving speeches to Wall Street firms and big tech outfits like Google after leaving the Fed. There's something awfully familiar about all of this.

Posted by Mary Chastain on December 27, 2020 28 Comments
President Donald Trump signed the massive $900 billion COVID relief bill and $1.4 trillion spending package, which Congress tied together for expediency, to keep the government funded through September.
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