#economics

Business & Finance | Economics

Recession indicator: What it means when yield curve inverts | Fox Business

Wall Street got a wake-up call Wednesday morning as the yield curve inverted, sparking concerns the U.S. economy could be headed for a recession.

Business & Finance | Economics

Americans Apply for Jobs at Koch Foods After ICE Raid | Breitbart

Roughly 150 locals sought jobs at Koch Foods' chicken processing plants in Mississippi, following the August 7 removal of illegal migrants.

Business & Finance | Economics

Mexico is now America's number one trading partner — Quartz

Thanks to the Washington-Beijing trade war, the Mexico is finally the biggest trade partner for the US.

Business & Finance | Economics

Europe Agrees to Buy More US Beef as Part of EU Trade Talks

The United States and the European Union reached an agreement that will open Europe to more American beef exports, ending a long-running Trans-Atlantic dispute.

Business & Finance | Economics

Economists use beer to explain how socialism affects societies | Fox Business

In a political environment where the word "socialism" is thrown around often, two economists decided to see the real-world examples out there by using one common denominator: Beer.

Business & Finance | Economics

Trump administration moves to give more Americans 401(k) access | Fox Business

A new rule will allow more small businesses to band together to offer joint retirement benefit plans.

Business & Finance | Economics

Mexico creates 20,000 jobs to curb migration | Fox Business

That migration has angered Trump, who has made border security a priority, and issued economic threats against Mexico and Central America if more is not done to contain the flows.

Business & Finance | Economics

Trump’s Workforce Initiative to Provide Skills Training for 12 Million Americans

More than 300 companies and organizations said they would support the workforce initiative of the White House, committing to train over 12 million Americans to help them gain new job skills over the next five years.

Business & Finance | Economics

US manufacturers must fill 500K jobs to compete globally: NAM president Jay Timmons | Fox Business

The U.S faces a skilled-labor shortage of more than half a million unfilled jobs in the manufacturing sector, according to the National Association of Manufacturers.

Business & Finance | Economics

Seniors poised for $27B in drug savings under new Senate package | Fox Business

The bill would cap out-of-pocket costs for seniors and dissuade drugmakers from hiking prices above inflation.

Business & Finance | Economics

Number of Americans on Welfare Dropping Under Trump Administration

Americans’ dependence on government programs has diminished during the presidency of Donald Trump, most visible in the shrinking of food stamp enrollment.

News | Economics/Business

US Jobs report June 2019: Payrolls rise 224,000, unemployment rate 3.7%.

Payroll growth rebounded sharply in June as the U.S. economy added 224,000 jobs and the unemployment rate rose to 3.7%.

Business & Finance | Economics

China Must Open Up, Create Level Playing Field: German Economy Minister

BERLIN—China must open up its markets and create fair rules for German companies, Economy Minister Peter Altmaier said ...

Business & Finance | Economics

John Koufos: I am a former prisoner. Here's why second chance hiring is so important | Fox News

More and more employers are realizing that second chance hiring is not only good for their businesses but also good for society as inmates with meaningful jobs are far less likely to return to criminal activity.

Business & Finance | Economics

Trump to Issue Executive Order on Health-Care Price Transparency - WSJ

President Trump plans to issue an executive order on Monday to compel the disclosure of prices in health care, according to three sources familiar with the planning.

Business & Finance | Economics

5.8 Million People No Longer on Food Stamps Under Trump

New USDA data says over 5.8 million people have dropped out of food stamps since President Trump completed his first month in power in Feb. 2017.

Business & Finance | Economics

German CEOs have US economy envy | Fox Business

U.S. Ambassador to Germany Ric Grenell says the U.S. economy is the envy of corporate leaders in Europe.

Music | Music

Despite short-term anguish, the economics of leaving CDs behind turned out to be sneakily much better for record companies

With streaming poised to infuse billions of dollars into the record business, artists are once again hoping to get their fair share.

Politics | Politics

Middle-Class Americans Are Sick of Elite Privilege - The Atlantic

If Democrats want to address simmering middle-class anger, they need to deliver justice.

Business & Finance | Economics

Israel GDP | 2019 | Data | Chart | Calendar | Forecast | News

The Gross Domestic Product (GDP) in Israel was worth 350.85 billion US dollars in 2017. The GDP value of Israel represents 0.57 percent of the world economy. GDP in Israel averaged 89.46 USD Billion from 1960 until 2017, reaching an all time high of 350.8

Politics | The "Squad"

Restaurant where Ocasio-Cortez worked permanently closes because of liberal policies she supports

Democratic socialist Alexandria Ocasio-Cortez on Monday lamented the closing of the Manhattan restaurant she worked at as a bartender before running for Congress. However, there is an ironic twist: The bar is closing largely due to liberal policies Ocasio-Cortez advocates.

Politics | Op-Ed

Hey, Democrats: Here’s the price I paid for your socialist dream

The house where I was born in Communist Cuba had a dirt floor, a bathroom hole-in-the-ground, which we shared with six other families, and a zinc roof that left us unbearably hot in the summer and shivering in the winter.

Politics | The Hall of Idiots

ICYMI: Ocasio-Cortez Got Slapped With Reality After Throwing Minimum Wage Tantrum

Rep. Alexandria Ocasio-Cortez (D-NY) is the Left’s answer to Donald Trump. She’s feisty. She’s bombastic! She's an idiot.

Business & Finance | Economics

New York's Minimum Wage Hike Had the Devastating Effect Economists Predicted

New York’s Minimum Wage Hike Had the Devastating Effect Economists Predicted

Politics | The Hall of Idiots

Ocasio-Cortez Advocates $15 Minimum Wage by Pointing to Expensive Croissants

Rep. Alexandria Ocasio-Cortez (D., N.Y.) complained about the cost of food Monday, claiming wages should be higher, and prices somehow lower.

Politics | Politics

Sen. Mike Lee on the Green New Deal

Sen. Mike Lee on the Green New Deal

Politics | The Hall of Idiots

Ocasio-Cortez: Be 'Excited' About 'Being Automated Out Of Work,' Tax Corporations At 90%

Socialist Rep. Alexandria Ocasio-Cortez (D-NY) said on Saturday that people should be "excited" about "being automated out of work" and suggested that she supports taxing corporations at 90%.

Business & Finance | Economics

America is set to surpass Saudi Arabia in a 'remarkable' oil milestone - CNN

Move over, Saudi Arabia. America is about to steal the kingdom's energy exporting crown.

Business & Finance | Economics

Medical Marijuana Investors: The Floodgates Are Open - March 1, 2019 - Zacks.com

Marijuana will provide the basis for many of tomorrow's blockbuster drugs that treat all sorts of different diseases. David Borun can show you how to become an early investor in this burgeoning industry.

Business & Finance | Economics

Modern Monetary Theory: Everyone's Talking About MMT, But What Is It, And Will It Work? | Investor's Business Daily

Heard of Modern Monetary Theory, or MMT? If not, you soon will. Some Democrats say it can help justify massive increases in government spending.

Business & Finance | Economics

American Firms Sign Deals Worth $21 Billion Ahead of Trump-Kim Summit

HANOI, Vietnam—Ahead of his historic summit with Korean leader Kim Jong Un, President Donald Trump held bilateral talks ...

Business & Finance | Economics

Vice President Cheers Opportunity Zone Success from South Carolina

Vice President Pence celebrated one of America’s first Opportunity Zones under the Trump administration in South Carolina Thursday.

Business & Finance | Economics

Trump tax cuts and the middle class: Here are the facts | Fox Business

While the rhetoric of the left has sought to portray the Republican tax cuts as a negative for the middle class, nothing could be further from the truth.

Business & Finance | Economics

Tame Inflation Shows Tariffs Are Not Taxing American Consumers | Breitbart

Consumer prices once again demonstrate that American households are not being squeezed by tariffs on metals and China imports. | Economy

Business & Finance | Economics

US Steel Cites Trump in Resuming Construction Project

U.S. Steel Corp. will restart construction on an idled manufacturing facility in Alabama, and it gave some of the credit to Trump’s trade policies.

Business & Finance | Economics

Americans' Confidence in Their Finances Keeps Growing

Rarely in the past four decades have Americans been as positive as they are now about their personal finances, whether looking ahead to the next year or looking back at the previous one.

Business & Finance | Economics

China Buys US Soybeans a Day After Trade Talks, Traders Say

Chinese state-owned firms bought at least 1 million tonnes of U.S. soybeans on Feb. 1, a day after ...

Business & Finance | Economics

Some States Consistently Live Beyond Their Means — 'A Warning Sign Of Trouble Ahead' | Investor's Business Daily

Since 2003, ten states have repeatedly run deficits, spending more than they take in. It can't go on forever. Perpetual deficits are sure signs of trouble.

Business & Finance | Economics

Manufacturing Unexpectedly Surges in January | Breitbart

Factory activity increased and, despite all the worries about tariffs, prices of raw materials used by manufacturers fell. | Economy

Business & Finance | Economics

States that spend the most on welfare | Fox Business

Although California has the highest public welfare expenditures, it didn’t make the list.

Business & Finance | Economics

New federal income tax form: 5 things to do before you file

Anxiety will run high this tax season. But doing your taxes still requires steps like finding the 2017 return and understanding key changes.

Business & Finance | Economics

Steve Forbes: Passing US/Mexico/Canada Deal would bring big benefits to our economy | Fox News

Congress should act as soon as possible to approve the renegotiated North American Free Trade Agreement (NAFTA), now rebranded as the United States-Mexico-Canada Agreement (USMCA).  This deal is a win-win for American workers, manufacturers and other emp

Business & Finance | Economics

U.S. Could Soon Pump More Crude Than Saudis Can at Their Peak

(Bloomberg) -- America’s journey to preeminence in the global oil trade is about to hit another milestone. Propelled by the shale-oil boom, the U.S. is already producing more crude than either Russia or Saudi Arabia, who until recently vied for the to

Politics | Politics

The Not-So-Pretty Fine Print of the ‘Green New Deal’ | National Review

The ‘Green New Deal’ isn’t only unrealistic, it would be irresponsible to implement.

Business & Finance | Economics

China says it is 'ready to work with US' - BBC News

China's latest statement suggests trade negotiations between the two countries are progressing.

Business & Finance | Economics

The Miracle of $2 A Gallon Gas Prices | Investor's Business Daily

What seemed like an impossibility just a few years ago is now a reality for many across the country: gasoline that costs less than $2 a gallon.

Business & Finance | Economics

The exodus of New York City’s endangered middle class

After decades of sharp income erosion in the face of relentless taxes, escalating living costs and wage reductions through technological changes, the full extent of this shocking exodus is laid bare in the latest US Census data.

Business & Finance | Economics

Trump Signs Order to Boost Investment in Opportunity Zones

President Donald Trump is creating a White House council to manage the so-called opportunity zones, a program designed ...

Business & Finance | Economics

Report: Aluminum Tariffs Boost Jobs, Production, Investment

WASHINGTON—The U.S. aluminum industry was on the brink of extinction a year ago, but it is thriving now ...

Business & Finance | Economics

Worker shortage holding US economy back: Kevin Brady | Fox Business

Brady’s comments come on the heel of the Department of Labor’s November jobs report.

Business & Finance | Economics

California: More than 7-in-10 Noncitizen Households Are on Welfare

More than 7-in-10 households headed by immigrants in the state of California are on taxpayer-funded welfare, a new study reveals. 

Business & Finance | Economics

Trump is winning on trade -- Don't let the 'experts' fool you | Fox News

The U.S. has hemorrhaged middle-class manufacturing jobs for more than a generation thanks to bad trade policies. President Trump is changing that.

Business & Finance | Economics

Disability Reform: A Good Economy Makes This a Good Time to Start | National Review

A labor market with adequate jobs and rising wages is the perfect opportunity.

Business & Finance | Economics

Donald Trump's Migration Policy Boosts Farm Productivity, Wages

Public opposition to cheap-labor migration is forcing farm CEOs to reluctantly invest in labor-saving machinery.

Business & Finance | Economics

U. S. workers see fastest wage growth in a decade, but inflation takes a toll - The Washington Post

Wages and salaries grew 2.9 percent from September 2017 to September 2018, the Labor Department reported Wednesday.

News | The News

President’s Economic Advisers Reveal What Socialism Would Cost Americans — It’s a Huge Price Tag

The recent report released by the President's Council of Economic Advisers detailed the issues with implementing socialist policies in the U.S.

Politics | The Hall of Idiots

Ocasio-Cortez Can't Explain How She’ll Pay For The $40 Trillion Programs She Supports | Daily Wire

Alexandria Ocasio-Cortez has some grandiose ideas. The Socialist candidate for a New York House seat has a platform that even the left-wing Tax Policy Center says will cost some $40 trillion over the next 10 years.

Politics | Politics

Thank goodness Trump gets what Obama failed to grasp on economy | TheHill

During Obama's eight years in office, business leaders never felt confident about the future.

Business & Finance | Economics

Wilbur Ross Schools Dem Sen. on Plan to Counter China’s Steel Dumping

Testifying before the Senate Finance Committee Wednesday, Commerce Secretary Wilbur Ross took Senator Michael Bennet (D-CO) to task over the Trump administration's plan to hold China accountable for dumping steel globally. 

Politics | Politics

We Ran Out of Words to Describe How Good the Jobs Numbers Are

The economy is in a sweet spot, with steady growth and broad improvement in the labor market.

Business & Finance | Economics

U.S. Budget Makes History with Best Month Ever in April

We can thank "stronger-than-expected" economic growth last year and early this year.

Business & Finance | Economics

ObamaCare Premiums: As Insurance Costs Soar, Democrats Lie

ObamaCare regulations caused premiums for people buying their own insurance to more than double between 2013 and 2017, and then soar even higher in 2018, with huge hikes predicted again in 2019. But instead of telling the truth about why this is happening

Business & Finance | Economics

State Taxes: Americans Are Migrating In Droves To Low-Tax States

There has been a vast, largely unheralded migration in the U.S. over the past decade. Not because of weather, or amenities. But because of taxes.

Politics | Politics

Starbucks to boost worker pay and benefits after US lowers corporate taxes

Starbucks will give domestic employees pay raises, company stock, and expanded benefits worth of more than $250 million, the company said on Wednesday.

History | History

Did FDR End the Great Depression? | PragerU

Did FDR help end the Great Depression? Did his New Deal improve an otherwise hopeless economy? Lee Ohanian, Professor of Economics at UCLA and consultant to the Federal Reserve Bank of Minneapolis, explains.

Health & Fitness | News Items

The REAL Cost Of Losing The Great Barrier Reef

A report says the landmark is "priceless," but if the reef were given a value, it'd be worth billions.

Politics | Politics

A ‘very credible’ new study on Seattle’s $15 minimum wage has bad news for liberals

When Seattle officials voted three years ago to incrementally boost the city's minimum wage up to $15 an hour, they'd hoped to improve the lives of low-income workers. Yet according to a major new study that could force economists to reassess past research on the issue, the hike has had the opposite effect.

News | The News

The Coming Minimum-Wage Tsunami Will Wash Away Millions Of Minority Jobs | Stock News & Stock Market Analysis - IBD

One of the most vexing economic issues today is the minimum wage. For many, the failure to raise the minimum wage to $15 or higher is a sign of our nation's

Miscellaneous | Other Stuff

Think nothing is made in America? Output has doubled in three decades - MarketWatch

Factories are running at close to a record pace, writes Rex Nutting.

Politics | Other Politics

What is the TPP and why are both parties so angry about it? | Public Radio International

At the Democratic National Convention, many in the crowd have chanted "No TPP!" That's no to the 12-member Trans-Pacific Partnership, a trading bloc that President Barack Obama supports, but Donald Trump, Bernie Sanders and Hillary Clinton all o

Politics | Interesting Links

The Nordic Democratic-Socialist Myth

The American Left dreams of importing the Nordic democratic-socialist model, but much of what they believe about the system is a myth.

Politics | Politics

Here's Why Bernie Sanders is Wrong About Everything

Bernie Sanders has a lot of economic narratives, and they're all wrong. Here's why.

Politics | Donald Trump

‘Sheer Idiocy’: Ben Stein Goes Ballistic on Trump for ‘Horrifying’ Economic Ignorance | Mediaite

Economist and Bueller-dropper Ben Stein basically used every single synonym of the word "insane' to describe his reaction to Donald Trump's vision (or lack

Politics | Obamacare

Clinton sees ObamaCare’s ‘crushing’ burden — but has no way to fix it | New York Post

The Clinton campaign is finally owning up to what most Americans learned the hard way: The Affordable Care Act is anything but affordable. In fact, its costs are “crushing” people who have to buy health insurance. Hillary Clinton vows to fix the probl

Politics | Obamacare

CBO Misses Its Obamacare Projection by 24 Million People

Three years ago, on the eve of Obamacare’s implementation, the Congressional Budget Office (CBO) projected that President Obama's centerpiece legislation would result in an average of 201 million people having private health insurance in any given month of 2016. Now that 2016 is here, the CBO says that just 177 million people, on average, will have private health insurance in any given month of this year—a shortfall of 24 million people.

Politics | POLITICS

45 percent of Americans pay no federal income tax

Many Americans don’t have to worry about giving Uncle Sam part of their hard-earned cash for their income taxes this year. An estimated 45.3 percent of American households — roughly 77.5 million — …

Politics | The circus we run our country with

For Cam Newton, Adding Super Tax Insult to Super Bowl Injury

He'll be paying about $101,000 of extra tax simply because the game took place in California.

News | Interesting Links

The Claim: People Don't Want Economic Equality

A recent Atlantic essay argued that people don't really want equality. We want fairness. So when is inequality considered unfair?

Politics | Obamacare

The quiet unraveling of ObamaCare

Official site of The Week Magazine, offering commentary and analysis of the day's breaking news and current events as well as arts, entertainment, people and gossip, and political cartoons.

Politics | Politics

Obama’s Economy In 9 Charts

Unemployment hit 5 percent in October and the economy added 270,000 jobs in an unexpectedly strong showing that is good news for the White House. But wages are stagnant, more than 95 million Americ

Business & Finance | Economics

Is Capitalism Moral?

Is capitalism moral or greedy? If it's based on greed and selfishness, what's the best alternative economic system? Perhaps socialism? And if capitalism is m...

Politics | Politics

$15 Is Too Much Even For Those Who Support A Higher Minimum Wage

What's becoming very interesting about this rumpus over the minimum wage is that we're seeing even those who support a higher minimum wage in general stating that they think that $15 an hour is just too high. The deeper point of this being that th

News | Interesting Links

▶ Why Capitalism Works - YouTube

Cultural depictions of capitalism are almost all negative. There's the Monopoly guy with the top hat and cigar. There's Gordon Gekko saying, "Greed is good."...

Business & Finance | Economics

Should Government Bail Out Big Banks?

Should the government bail out big banks that may otherwise go bankrupt? Or should it let them go under, as it did with Lehman Brothers in 2008? Economist Ni...

Business & Finance | Economics

Profits Are Progressive

Is profit a dirty word? Would the world be better off without them? Or are profits progressive -- the only thing that can move potatoes from Idaho to Manhatt...

Business & Finance | Economics

Do the Rich Pay Their Fair Share?

Do the rich pay their fair share of taxes? It's not a simple question. First of all, what do you mean by rich? And how much is fair? What are the rich, whoev...

Business & Finance | Economics

Myths, Lies and Capitalism

Does free enterprise hurt the poor? Is it unfair and driven by greed? Did it cause the Great Recession? In five minutes, Arthur Brooks answers these question...

Business & Finance | Economics

What's the Right Minimum Wage?

What's the perfect minimum wage: is it $10 an hour? $15? $20? How about zero? That's right. Zero. While Congress discusses a minimum wage hike, economist Dav...

Business & Finance | Economics

How to Solve America's Spending Problem

Everyone complains about America's debt, and rightly so, but how do we get out of it? As Cato Institute's Michael Tanner explains, spending on entitlement pr...

Business & Finance | Economics

What Creates Wealth?

Why are some countries rich and some countries poor? Is it access to natural resources? Is it tax policy? A motivated work force? These are important, but no...

Business & Finance | Economics

The War on Work

The U.S. government has spent trillions of dollars in recent decades attempting to combat poverty, yet the poverty rate has remained virtually unmoved. Why? ...

Business & Finance | Economics

The Promise of Free Enterprise

Built into the foundation of free enterprise is a promise. It's a promise that no other economic system offers. This promise has a great deal to do with your...

Business & Finance | Economics

America's Debt Crisis Explained

Fact: America's national debt stands at $17 trillion. That's a tough number to grasp. Most people will never come close to making $1 million in any given yea...

Business & Finance | Economics

Lower Taxes, Higher Revenue

Should Taxes Be Higher? It's the million dollar question! Up? Down? No change? Where in the world should taxes go? In election years, the question of tax rat...

Politics | POLITICS

What Hillary Doesn't Know (Or Want To Understand) About The Bush Tax Cuts

The Bush tax cuts resulted in more tax revenue not less

Politics | Interesting Links

Sorry, Paul Krugman: The Minimum Wage Won’t Cure Poverty

Studies Paul Krugman ignores show minimum wage increases significantly reduce the probability of low-skill workers reaching the middle class.

Politics | Obamacare

Obamacare fails to bend the cost curve

The ACA is forcing health insurers to raise rates and consolidate. Will anyone learn their lesson from this?

Miscellaneous | Miscellaneous

College is not a commodity. Stop treating it like one.

What truly makes an education valuable: the effort the student puts into it.

Politics | Interesting Links

Do the Rich Pay Their Fair Share? - Prager University

Do the rich pay their fair share of taxes? It's not a simple question. First of all, what do you mean by rich? And how much is fair? What are the rich, whoever they are, paying now? Is there any tax rate that would be unfair? UCLA Professor of Economics,

Politics | Politics

Harvard Ideas on Health Care Hit Home, Hard - NYTimes.com

While Harvard professors oppose changes that will raise their health care costs, the university says the increases are in part a result of the Affordable Care Act, which many Harvard experts championed.

Politics | Politics

Obama's Amnesty Will Cost $22,000 Per U.S. College Grad

President Barack Obama’s amnesty for four million illegal immigrants will cost Americans about $2 trillion, or roughly $40 billion a year for the next five decades.

The cost of Obama’s generosity is equivalent to 30 cents extra for every gallon of gas bought by Americans.

Politics | Op-Ed

What's the Right Minimum Wage? - Prager University

What's the perfect minimum wage: is it $10 an hour? $15? $20? How about zero? That's right. Zero. While Congress discusses a minimum wage hike, economist David Henderson shows that any minimum wage makes it harder for unemployed people (particularly young

Politics | Politics

Party of the rich: In Congress, it's the Democrats - Yahoo News

From Yahoo News: WASHINGTON (AP) — Republicans are the party of the rich, right? It's a label that has stuck for decades, and you're hearing it again as Democrats complain about GOP support for tax breaks that benefit corporations and wealthy individual

News | The News

Incomes fell for most families in past three years, while top 10 percent prospered: Fed - Washington Times

Under President Obama, the richest 10 percent were the only income group of Americans to see their median incomes rise, according to a survey released this week by the Federal Reserve.

News | In The News

We've Crossed The Tipping Point; Most Americans Now Receive Government Benefits

With the implementation of Obamacare, more than half of Americans are receiving some type of government benefit. That bodes ill for the future.

Politics | Op-Ed

Why I can’t be both an economist and a liberal

In today's America, I can't be both an economist and a liberal.

Politics | Politics

Fast Food Worker Protests Over Minimum Wage Spread Across The Globe

In the first internationally coordinated effort, 230 cities in at least 33 countries, including the U.S., protested low wages at fast food restaurants.

News | The News

U.S. businesses are being destroyed faster than they’re being created.

The American economy is less entrepreneurial now than at any point in the last three decades.