Economy  (Page 3)

Weekly Jobless Claims Dropped to Lowest Level Since 1969

https://youtu.be/li5sdxGllIs
Comments
Permalink
Posted by  ▪  Thursday, July 19, 2018 at 5:00pm 7/19/2018 at 5:00pm
https://youtu.be/li5sdxGllIs

The Labor Department reported on Thursday that weekly jobless claims in America has dropped to its lowest level since December 1969. Economists predicted 220,000, but the number is actually 207,000.

(more…)

 
 
 

Chicago Toying With Universal Basic Income

https://commons.wikimedia.org/wiki/File:Sears_Tower_from_Hancock_Observatory.jpg
Comments
Permalink
Posted by  ▪  Tuesday, July 17, 2018 at 4:00pm 7/17/2018 at 4:00pm
https://commons.wikimedia.org/wiki/File:Sears_Tower_from_Hancock_Observatory.jpg

Oh, Chicago. I love my home city so much, but it keeps giving me reasons to never move back! Now the corrupt city has decided to toy with universal basic income (UBI) because we all know Chicago has a ton of money to throw around.

Except it doesn’t.

(more…)

 
 
 

Another Month of Strong Retail Sales Show a Strengthened, Growing Economy

Comments
Permalink
Posted by  ▪  Monday, July 16, 2018 at 3:00pm 7/16/2018 at 3:00pm

Our economy continues to grow. Excellent jobs reports mean there’s a lot more expendable income.

Stimulating the economy is best accomplished not through government intervention, but by putting money back into the market, which is exactly what we’re seeing.

Consumer spending rose by 0.5% in June and the Commerce Department revised May’s spending...

Read More...
 
 
 

June Jobs Report Shows 213,000 New Jobs, Slightly Higher Unemployment Rate

Comments
Permalink
Posted by  ▪  Friday, July 6, 2018 at 1:00pm 7/6/2018 at 1:00pm

All in all, it’s not a bad jobs report to kick off the summer. The Labor Department’s report shows the economy added 213,000 new jobs in June even though experts predicted only 190,000.

This means job growth has happened 93 months in a row, which is a record.

Unemployment went up to 4%...

Read More...
 
 
 

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

https://www.youtube.com/watch?v=c-kMUc05c6g
Comments
Permalink
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.

(more…)

 
 
 

Nancy Pelosi Urging Democrats to Concentrate on Economic Issues

https://www.youtube.com/watch?v=qh5KYxGnFkU#action=share
Comments
Permalink
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...

Read More...
 
 
 

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

Comments
Permalink
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.

(more…)

 
 
 

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

Comments
Permalink
Posted by  ▪  Monday, April 16, 2018 at 11:00am 4/16/2018 at 11:00am

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.

(more…)

 
 
 

Gun Manufacturer Remington Files for Bankruptcy Protection

https://www.youtube.com/watch?v=UdRIveblcOI
Comments
Permalink
Posted by  ▪  Monday, March 26, 2018 at 3:00pm 3/26/2018 at 3:00pm
https://www.youtube.com/watch?v=UdRIveblcOI

Remington, America’s oldest gun manufacturer, has filed for bankruptcy protection due to declining sales and mounting debt from Sandy Hook lawsuits.

(more…)

 
 
 

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

Comments
Permalink
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...

Read More...
 
 
 

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

https://commons.wikimedia.org/wiki/United_States_Department_of_Labor#/media/File:US_Dept_of_Labor.jpg
Comments
Permalink
Posted by  ▪  Friday, February 2, 2018 at 11:00am 2/2/2018 at 11:00am
https://commons.wikimedia.org/wiki/United_States_Department_of_Labor#/media/File:US_Dept_of_Labor.jpg

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.

(more…)

 
 
 

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/
Comments
Permalink
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...

Read More...
 
 
 

GDP Up 3% Despite Hurricanes in Third Quarter

https://www.youtube.com/watch?v=C-Y-nW6enmk
Comments
Permalink
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...

Read More...
 
 
 

Pepsi Pushes Healthier Drinks, Sales Go Down in North America

Comments
Permalink
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...

Read More...
 
 
 

Bye-Bye Benny’s

https://www.facebook.com/Bennysstore/photos/a.10150712023734787.424915.78460404786/10155337414554787/?type=1&theater
Comments
Permalink
Posted by  ▪  Wednesday, September 20, 2017 at 8:30pm 9/20/2017 at 8:30pm
https://www.facebook.com/Bennysstore/photos/a.10150712023734787.424915.78460404786/10155337414554787/?type=1&theater

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...

Read More...
 
 
 

Toys R Us Files for Chapter 11 Bankruptcy

https://www.youtube.com/watch?v=nTKp_R5Dymo
Comments
Permalink
Posted by  ▪  Tuesday, September 19, 2017 at 9:32am 9/19/2017 at 9:32am
https://www.youtube.com/watch?v=nTKp_R5Dymo

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...

Read More...
 
 
 

Equifax hit with class-action suits after massive data breach

https://www.youtube.com/watch?v=s0wlPCI88oo
Comments
Permalink
Posted by  ▪  Monday, September 11, 2017 at 4:00pm 9/11/2017 at 4:00pm
https://www.youtube.com/watch?v=s0wlPCI88oo
...
Read More...