Economy  (Page 9)

Germany Refuses Debt Writedown for Greece

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Posted by  ▪  Tuesday, February 3, 2015 at 8:30am 2/3/2015 at 8:30am

Greece’s new prime minister Alexis Tsipras is finding out that his country’s massive debt won’t go away just because he wants it to. Maybe that’s why Germany has a strong economy and Greece doesn’t.

Jane Wharton of Express UK reported:

Merkel refuses to write off Greece’s debt

In her first interview since Syriza won...

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Will the Fed Raise Rates in 2015?

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Posted by  ▪  Monday, January 12, 2015 at 8:30am 1/12/2015 at 8:30am

Entering 2015, most economists expected that the Federal Reserve would finally begin raising short-term interest rates. Fewer than two weeks in to the year and that thesis is already beginning to crumble.

For seven years, the Fed kept interest rates at rock-bottom levels and employed a massive money-printing program called Quantitative Eas...

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Thune Keeps Gas Tax Hike on Table

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Posted by  ▪  Wednesday, January 7, 2015 at 1:00pm 1/7/2015 at 1:00pm

When it was confirmed that the Republicans would be taking over the US Senate after November’s historic election many of us, fueled by a potent combination of conservative activism and Obama administration incompetence, were expecting big things.

One of the items on the “Wish List” was tax reform. As the old adage...

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As Gov. Brown touts CA’s “comeback,” another city mired in fiscal scandal

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Posted by  ▪  Tuesday, January 6, 2015 at 4:00pm 1/6/2015 at 4:00pm

Californians are starting 2015 with a fresh round of new taxes, and the inauguration of Democrat Jerry Brown for an unprecedented fourth term as California’s governor.

As part of his inaugural address, Brown derided critics of the state’s current economy, and conjured up a fantasy of balanced budgets and robust employment.

“We...

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Could Greece set off a Euro crisis in 2015?

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Posted by  ▪  Wednesday, December 31, 2014 at 8:30am 12/31/2014 at 8:30am

The label “Sick Man of Europe” has been awarded to many a European nation and empire since it was first used to describe the decrepit Ottoman Empire in the mid-19th century.

Today, it seems the entirety of Europe, save the United Kingdom and Switzerland, is worthy of the “sick man” title. The Eurozone...

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3 Ways Chuck Schumer’s Airfare Probe Ignores Economic Realities

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Posted by  ▪  Tuesday, December 23, 2014 at 11:30am 12/23/2014 at 11:30am

Last week, Senator Chuck Schumer (D-NY) said he wants the Department of Justice and the Department of Transportation to investigate why airfares are not decreasing along with falling oil prices.

On the surface, Schumer’s observation makes sense. Crude oil and jet fuel prices are strongly correlated, and on aver...

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LA Luxury Apartment Inferno Hits Homeless Hardest

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Posted by  ▪  Wednesday, December 17, 2014 at 1:00pm 12/17/2014 at 1:00pm

Last week, traffic on two Los Angeles freeways came to a halt as fire crews responded to a massive inferno that incinerated a downtown luxury apartment complex under construction.

There is currently no cause that has been officially determined by arson investigators.

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Surprise: Obama “practicing trickle-down economics”

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Posted by  ▪  Sunday, October 5, 2014 at 3:33pm 10/5/2014 at 3:33pm

At Obama’s recent speech in Illinois, he spent part of his time talking about improvements he has made to the economy and suggested other things that could be done. Naturally, he railed against trickle down economics.

On Special Report with Bret Baier, George Will provided some facts for the low information crowd.

Transcript...

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Fiscal derailment result of CA bullet train ruling

http://www.hsr.ca.gov/Newsroom/Multimedia/images.html
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Posted by  ▪  Tuesday, September 16, 2014 at 10:00am 9/16/2014 at 10:00am
http://www.hsr.ca.gov/Newsroom/Multimedia/images.html

We have been chronicling the journey of California’s vaunted “high speed train” construction project, which has been anything but speedy.

When we last checked, Sacramento judge Michael Kenney had wisely ruled that state officials cannot pursue a plan to tap billions of dollars in voter-approved bond funding for construction—a decision that could...

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Analysis: Democrats’ redistributionist agenda will hurt the world

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Posted by  ▪  Saturday, July 19, 2014 at 4:01pm 7/19/2014 at 4:01pm

Well here’s something different.

As Netroots Nation cries out for income and wealth distribution and props up the class warrior Elizabeth Warren to cult status, some careful economic analysis finds that income inequality is decreasing globally and that redistribution in the U.S. would hurt the developing world.

In an Op-Ed in The NY...

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US Economy Tanks In First Quarter

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Posted by  ▪  Wednesday, June 25, 2014 at 3:00pm 6/25/2014 at 3:00pm

Despite the multiple “Summers of Recoveries” touted by President Obama and Vice-President Biden — it seems the U.S. economy is, at best, in a stall.

Gross domestic product — the broadest measure of economic growth — contracted at a 2.9% annual rate in January through March, according to...

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Mother Jones Unwittingly Makes a Case for the Keystone Pipeline

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Posted by  ▪  Sunday, June 1, 2014 at 3:00pm 6/1/2014 at 3:00pm

The reliably leftist publication Mother Jones has noticed that using trains to transport oil hasn’t worked out too well over the last few years.

Too bad there’s no safer way to transport fuel.

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George Will Notes the Democratic Party’s Income Inequality Problem

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Posted by  ▪  Sunday, March 16, 2014 at 10:30am 3/16/2014 at 10:30am

The Democratic Party has made it clear that they’re planning to run on “income inequality” in 2014. Liberal Washington Post writer Greg Sargent has even suggested this strategy is part...

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Jobs Report in Videos, Vine and Music

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Posted by  ▪  Saturday, January 11, 2014 at 7:30am 1/11/2014 at 7:30am

We’re leaning forward, but not going anywhere.


(video h/t Hot Air)

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Looking at 2013 economic news for clues to 2014

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Posted by  ▪  Tuesday, December 31, 2013 at 8:15am 12/31/2013 at 8:15am

As I was reviewing the economic news of 2013, I felt a few updates might be in order as we conclude the wild ride that this year has been.

One of the most fascinating stories of the year, from my capitalism-loving point-of-view, centered on Cyprus.  In March, wealthy depositors with banks on...

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Unexpected jump in consumer sentiment coincides with polls showing Obama could lose

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Posted by  ▪  Friday, October 12, 2012 at 3:03pm 10/12/2012 at 3:03pm

Optimism is sweeping the country unexpectedly (via Drudge):

U.S. consumer sentiment unexpectedly rose to its highest level in five years in October as consumers became more optimistic about the overall economy in a possible boost to President Obama’s reelection hopes next month….

The Thomson Reuters/University of Michigan’s preliminary October reading on the overall...

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Obama’s stall-speed economy

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Posted by  ▪  Thursday, September 27, 2012 at 1:15pm 9/27/2012 at 1:15pm

Today the Wall Street Journal‘s Paul Vigna referred to the U.S. economy as the “Stall-Speed Economy” after the latest economic data was released this morning. Most striking: revised...

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