Economy  (Page 5)

PragerU: Why Is America So Rich?

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Posted by  ▪  Thursday, January 26, 2017 at 3:30pm 1/26/2017 at 3:30pm

America rules. But why do we remain one of the richest nations? Should we thank the government or the entrepreneurs?

 
 
 

Walmart, GM, Amazon Develop Plans to Create Jobs in U.S.

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Posted by  ▪  Tuesday, January 17, 2017 at 2:30pm 1/17/2017 at 2:30pm

Three more American companies have announced plans to add and keep jobs in America on the heels of President-elect Donald Trump’s inauguration on Friday. Walmart wants to add 10,000 jobs in 2017 across the country while General Motors (GM) will invest $1 billion into several factories to help more than...

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Reuters: Gosh, Trump May Ruin Mexico’s Economy

https://youtu.be/fupp2plTEI0
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Posted by  ▪  Sunday, January 8, 2017 at 7:00am 1/8/2017 at 7:00am
https://youtu.be/fupp2plTEI0

Following the news that Ford had cancelled its planned $1.6 billion auto assembly plant in Mexico, Mexican officials are concerned about the impact this will have on their economy.

The Wall Street Journal reports:

Ford Motor Co.’s decision to cancel a planned $1.6 billion assembly plant in the Mexican industrial city of San Luis...

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Trump Effect? Ford Cancels Mexico Plant, Invests in Michigan Instead

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Posted by  ▪  Tuesday, January 3, 2017 at 2:30pm 1/3/2017 at 2:30pm

Ford has announced the company will cancel the $1.6 million plant it planned to build in Mexico. Instead, the company will invest $700 million in Michigan:

Ford (F) CEO Mark Fields said the investment is a “vote of confidence” in the pro-business environment president-elect Donald Trump is creating. However, he stressed Ford...

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Prager U: How does the minimum wage work?

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Posted by  ▪  Friday, October 21, 2016 at 3:30pm 10/21/2016 at 3:30pm

The newest video from Prager U explores exactly how the minimum wage works and why it actually harms workers because businesses have to spend more to keep themselves afloat. Higher wages means less jobs.

 
 
 

Venezuelan Government Eases Price Controls On Food, Other Essentials

https://youtu.be/JAhQ-9C1VAU
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Posted by  ▪  Saturday, October 15, 2016 at 3:30pm 10/15/2016 at 3:30pm
https://youtu.be/JAhQ-9C1VAU

The economic crisis in Venezuela canaptly be described as a centralized control crisis, a crisis socialist and communist states know and for some reason insist on repeating.  Over and over.  We’ve seen the reports on shortages ranging from toilet paper to food, and rather than risk a revolution that would topple...

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Pension Cuts in Greece Nearly Lead to Riots

https://youtu.be/o0BJOfWpobw
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Posted by  ▪  Tuesday, October 4, 2016 at 7:00am 10/4/2016 at 7:00am
https://youtu.be/o0BJOfWpobw

It looks like putting the left wing Syriza Party in control of Greece hasn’t changed much. The country is still broke, still struggling to make cuts and there is still unrest. In fact, recent pension cuts nearly led to rioting.

The Telegraph UK reports:

Greek police pepper spray protesting pensioners

Greek police on Monday...

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Prager U: Income Inequality is GOOD

https://www.youtube.com/watch?v=1e35Vf-9n8E&feature=youtu.be
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Posted by  ▪  Monday, September 5, 2016 at 4:57pm 9/5/2016 at 4:57pm
https://www.youtube.com/watch?v=1e35Vf-9n8E&feature=youtu.be

What if everything you’ve heard about income inequality is wrong? What if it’s actually a good thing for there to be people who are rich and people who aren’t? John Tamny, editor of RealClearMarkets, clarifies one of the big misunderstandings of our time.

 
 
 

Honey Bees: Collateral Damage in Fight Against Zika

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Posted by  ▪  Sunday, September 4, 2016 at 2:30pm 9/4/2016 at 2:30pm

There is another disturbing report related to the spread of the Zika virus; however, this one doesn’t involve birth defects or neurological problems.

Millions of honey bees were killed after areas of South Carolina were sprayed to kill the mosquitoes that transmit the pathogen.

“On Saturday, it was total energy, millions of bees...

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Polish Official: Brexit May Prompt Other Countries to Leave EU

https://youtu.be/HHPRS-EqGgs
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Posted by  ▪  Sunday, September 4, 2016 at 10:30am 9/4/2016 at 10:30am
https://youtu.be/HHPRS-EqGgs

Brexit has caused quite the kerfuffle among the countries of the European Union (EU), and amid the dire warnings of lasting DOOOM!, the Polish Finance Minister notes that Brexit shows that the EU is not the only option for the nations of Europe.

CNBC reports:

The U.K.’s Brexit vote may have changed attitudes...

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Obama creates world’s largest marine reserve – good for fish, not so good for fishermen

https://youtu.be/dCEvX6zQqbc
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Posted by  ▪  Saturday, August 27, 2016 at 7:00am 8/27/2016 at 7:00am
https://youtu.be/dCEvX6zQqbc

In a move that is being hailed as cementing his conservation legacy, Obama has, with the stroke of his pen, expanded a national marine monument off the coast of Hawaii to over 582,578 square miles.  This move will, however, destroy commercial fishing and potential drilling and mineral collection in a vast...

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Study Shows Raising Minimum Wage in Seattle Did Little to Help Workers

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Posted by  ▪  Sunday, July 31, 2016 at 2:00pm 7/31/2016 at 2:00pm

Minimum wage hikes sound great on the surface, but as we’ve been reporting here at LI, such hikes tend to do the opposite of their proponents’ stated intention.  From forcing businesses to fire employees, cut hours, and find technological replacements for workers, minimum wage hikes are counter-productive, even destructive to...

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Sweden Leads Race to Become a Cashless Society

https://www.theguardian.com/business/2016/jun/04/sweden-cashless-society-cards-phone-apps-leading-europe
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Posted by  ▪  Monday, June 6, 2016 at 10:00am 6/6/2016 at 10:00am
https://www.theguardian.com/business/2016/jun/04/sweden-cashless-society-cards-phone-apps-leading-europe

We’ve been hearing a lot about the movement toward a cashless world, and Sweden now appears to be leading the race to become completely cashless.

The Guardian reports:

“I don’t use cash any more, for anything,” said Louise Henriksson, 26, a teaching assistant. “You just don’t need it. Shops don’t want it; lots...

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U.S. sees lowest number of new jobs added in 6 years

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Posted by  ▪  Sunday, June 5, 2016 at 11:00am 6/5/2016 at 11:00am

I am taking a few moments from my “Crazy California” and science coverage today to hit a topic that will be critically important in November: Jobs.

Yesterday, the media coverage I followed was focused on San...

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Venezuela on the Verge of Collapse

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Posted by  ▪  Saturday, June 4, 2016 at 1:00pm 6/4/2016 at 1:00pm

Most people can do without certain luxuries and conveniences for a significant amount of time. Temporary power and internet outages due to storms are common in many parts of America and people get through it.

Food on the other hand, is a different story. As any student of history can tell you,...

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Wage Hikes Bring Kiosks to Wendy’s

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Posted by  ▪  Thursday, May 12, 2016 at 5:30pm 5/12/2016 at 5:30pm

Being replaced by machines is probably not what the Raise the Wage! crowd had in mind, but here we are. Again.

For almost two years, McDonald’s has been flirting with automated ordering machines, and has introduced the new mechanical overlords to some of its locations.

I blogged about this back in 2014:

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American Economy Expanding at Dismal Rate

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Posted by  ▪  Friday, April 29, 2016 at 8:30am 4/29/2016 at 8:30am

The American economy is off to a horrible start in 2016. GDP grew a measly 0.5 percent in the first quarter of this year. No wonder Democrats want to talk about transgender people and bathrooms.

Bloomberg

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