Economy Tag

Minneapolis Requiring Businesses Destroyed by Riots to Pay Property Taxes Before They Can Rebuild

Posted by Mike LaChance on August 14, 2020 89 Comments

The city of Minneapolis is requiring businesses destroyed by the recent riots to pre-pay their 2020 property taxes before they can even officially demolish and rebuild their businesses. The city allowed these businesses to be destroyed, and now wants a ransom from the very people they victimized. When do the business owners start rioting, or at the very least, packing up and leaving?

Boat Sales are Surging as People Seek Safe Recreation During Pandemic

Posted by Mike LaChance on August 12, 2020 30 Comments

People who have been trapped in their homes for months, and looking for a form of recreation that allows social distancing are increasingly turning to boating. Some areas are reporting a massive spike in boat sales. It's a win for people and the economy.

2Q GDP Drop In Perspective: U.S. Outperformed EU and Eurozone

Posted by Vijeta Uniyal on August 01, 2020 7 Comments

European Union economies have taken a big hit in the wake of the Wuhan coronavirus pandemic, registering their biggest decline in recent history. The eurozone economies, comprising of 19 out of 27 EU member states, reported an annualized GPD decline of 40.3 percent, higher than the annualized drop of 32.9 percent registered in the United States.

https://www.youtube.com/watch?v=Dy9Qg_a2i-Q&t=79s

Over 1.4 Million Filed Unemployment Claims, GDP Dropped 9.5% in Second Quarter

Posted by Mary Chastain on July 30, 2020 5 Comments

About 1.434 million Americans filed unemployment claims last week as states issue another shutdown due to spikes in coronavirus cases. The GDP also crashed to a 32.9% annualized rate, which is the biggest drop on record. Overall, the GDP dropped 9.5% between the first and second quarters. But we have to remember the GDP report contains numbers between March and June. It doesn't tell us what is happening now or tomorrow.

VIDEO: Watch Trump’s Fantastic Interview With Dave Portnoy of Barstool Sports

Posted by Mike LaChance on July 26, 2020 6 Comments

Dave Portnoy of the tremendously successful 'Barstool Sports' did an interview with President Trump this week which is going viral for obvious reasons. I don't know how Portnoy secured this interview, but it's one of the best interviews of Trump in years.

https://www.youtube.com/watch?v=t3GuOc6FSCo

Unemployment Claims Up Slightly, But Continuing Claims Dropped by 1.107 Million

Posted by Mary Chastain on July 23, 2020 6 Comments

The unemployment claims last week went up slightly to 1.416 million. However, continuing claims decreased. That means the unemployment went down a little bit to 11.1%. You need to remember that these numbers lag behind a week.

Unemployment Claims Come in at 1.3 Million, Continuing Claims Down by 737,750

Posted by Mary Chastain on July 16, 2020 19 Comments

Unemployment claims continue to tumble! The Labor Department's report states that 1.3 million Americans filed unemployment claims last week, which is down by 10,000 from the previous week. Continuing claims fell by 737,750 to 17.338 million.

Businesses in College Towns Hit Hard by Campus Closures Due to Coronavirus

Posted by Mike LaChance on July 14, 2020 0 Comments

“It was like a light switch turned off.”...

https://www.youtube.com/watch?v=txbiwVzqqyk

Democrats’ November Strategy: Worry, Don’t Be Happy

Posted by William A. Jacobson on July 11, 2020 19 Comments

On June 29, 2020, I urged people Don’t fall for Operation Demoralize:

We are in the middle of another Operation Demoralize. It happens every national election. This time it’s early, only June. The media swarms and lies. Tells you it’s over, wants you to give up. Happens every single time.

Unemployment Claims Decrease Again: 1.3 Million Filed Last Week, Continuing Claims Drop by 698,000

Posted by Mary Chastain on July 09, 2020 5 Comments

The Labor Department's unemployment report shows the unemployment filing numbers continue to decrease as the economy starts to pick up after the coronavirus shutdown. 1.3 million Americans filed last week, which is down by 99,000 from the previous week. The continuing claims fall to 18.06 million, which is a drop of 698,000.

https://www.youtube.com/watch?v=Zhg28SogG28

June Jobs Report Blows Away Estimates: Added 4.8 Million Jobs, Jobless Rate Falls to 11.1%

Posted by Mary Chastain on July 02, 2020 17 Comments

The U.S. economy is picking up after the coronavirus pandemic! The June jobs report revealed the economy added 4.8 million jobs while the jobless rate fell to 11.1%

https://www.youtube.com/watch?v=gz2JbBHYdgM

Consumer Spending Increased at Record 8.2% Pace in May

Posted by Mary Chastain on June 26, 2020 5 Comments

More good news for the economy! Consumer spending increased at a record 8.2% pace in May as states begin to reopen.

Unemployment Claims Drop Slightly: 1.48 Million Applied Last Week

Posted by Mary Chastain on June 25, 2020 6 Comments

Fox Business reported that 1.48 million Americans filed unemployment claims last week:

Another 1.48 million Americans filed for unemployment benefits last week, signaling a slow economic recovery from the coronavirus pandemic and related lockdown as layoffs remain historically high, even as many businesses have reopened.

Financial Experts Warn Declining Enrollment Could be Disastrous for Many Colleges

Posted by Mike LaChance on June 18, 2020 13 Comments

"downside scenario assumes a slower economic recovery driven by prolonged or recurring coronavirus-related disruptions"...

Another 1.5 Million Americans Filed Unemployment Claims

Posted by Mary Chastain on June 18, 2020 5 Comments

The Labor Department reported that another 1.5 million Americans filed unemployment claims last week. The same amount filed the week before.

https://www.youtube.com/watch?v=5Qma8LHQlrA

Retail Sales Hit Record 17.7% in May in Another Sign the Economy is Recovering

Posted by Mary Chastain on June 16, 2020 19 Comments

America saw a decline in unemployment claims and decent jobs report in May. The Commerce Department revealed another sign the economy is recovering from the Wuhan coronavirus pandemic. Retail sales hit a record of 17.7% in May.

Truck Drivers Might Refuse to Deliver to Cities With Defunded Police

Posted by Mike LaChance on June 14, 2020 75 Comments

American truckers have been working overtime since the beginning of the pandemic to deliver needed goods all over the country, and they have done a great job. The left's new effort to 'defund the police' is making some truckers nervous, and who can blame them?

Unemployment Claims Drop Again: 1.5 Million Americans Filed Last Week

Posted by Mary Chastain on June 11, 2020 3 Comments

The economy is slowly recovering after the Wuhan coronavirus pandemic since 1.5 Americans filed unemployment claims last week. The numbers have continuously gone down in 10 straight weeks.

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Economy Tag

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