Economy  (Page 7)

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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Minimum Wage Hike Kills Popular Upstate NY Eatery

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Posted by  ▪  Wednesday, April 20, 2016 at 7:00am 4/20/2016 at 7:00am

New York’s new minimum wage is being cited as the main reason that a popular Albany restaurant is closing its doors after serving the community for decades.

Mental Recession reports:

Beloved Upstate Restaurant Closes, Cites Minimum Wage Hike As Major Reason

An Albany area fish fry restaurant is closing its doors after nearly 70...

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Obama Cable Box Executive Order — Benevolent tip of lame-duck regulatory iceberg

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Posted by  ▪  Sunday, April 17, 2016 at 5:35pm 4/17/2016 at 5:35pm

Obama signed an Executive Order (EO) on Friday that affects American businesses and the free market (what’s left of it, anyway).

Obama has ordered the FCC to open up set-top cable boxes to competition, and he more broadly ordered executive agencies to search for ways that they can ensure competition among free...

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Saudi Arabia Threatens U. S. Economy If Congress Passes 9/11 Bill

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Posted by  ▪  Sunday, April 17, 2016 at 7:00am 4/17/2016 at 7:00am

Last week, CBS aired a special report on the missing or redacted 28 pages of the 9/11 Commission’s report that might implicate Saudi Arabia in the 9/11 attacks.  In the CBS report, former Senator and former Florida Governor Bob Graham (D-FL) restated his long-held view that these 28 pages should...

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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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