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.

Business & Finance | Economics

Chart shows how everything has changed since Trump became president

Since Donald Trump won the presidency, he has presided over one of the most tumultuous political environments in recent memory as well as the best economy the country has seen since well before the financial crisis.

Business & Finance | Economics

Trump Offers Test Plan to Lower Medicare Drug Costs - WSJ

President Trump unveiled a plan designed to drive down the price Medicare pays for some drugs, responding to public concern over rising health-care costs.

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.

Business & Finance | Economics

Making an end-run around opponents, U.S. eyes military bases for coal exports

The Trump administration is considering using West Coast military bases or other federal properties as transit points for shipments of U.S. coal and natural gas to Asia, as officials seek to bolster the domestic energy industry and circumvent environmenta

Business & Finance | Economics

Brexit Boom: UK Exports to Israel Soar by 75 Percent in 2018

As the UK readies to depart the EU, latest figures show its exports to Israel soared by 75 percent in 2018 ahead of Brexit.

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.

Business & Finance | Economics

Narrative Fail: Business Prices Fall Despite Rising Tariffs | Breitbart

Critics said tariffs would be a tax on U.S. consumers. The recent data on producer prices, however, show higher costs are not getting passed on to American consumers. | Economics

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

Blue-Collar Workers Increasingly Optimistic Under Trump

Nearly two years into the Trump presidency, blue-collar workers are increasingly optimistic about their social and economic circumstances.

Business & Finance | Economics

Trump seeks to update retirement rules, help Americans save more | Fox Business

The president signed an order on Friday aimed at helping Americans save for retirement.

Business & Finance | Economics

U.S. Workers Report Highest Job Satisfaction Since 2005 - WSJ

Worker contentment in the U.S. is at the highest level since 2005, according to a new report from The Conference Board, a business-research group.

Business & Finance | Economics

Dow jumps more than 250 points, Nasdaq hits 8,000 as US and Mexico strike trade deal

Stocks jumped on Monday as the United States and Mexico closed a new trade deal. Investors also digested reassuring comments from Federal Reserve Chair Jerome Powell on the central bank's policy-tightening path.

Business & Finance | Economics

More Than Half of Foreign Refugees Are on Taxpayer-Funded Food Stamps

More than half of the annual inflow of foreign refugees arriving in the U.S. are on food stamps, analysis of a government report reveals.

Business & Finance | Economics

IBD/TIPP Poll: Americans Give Trump An 'A' For Economy

A new IBD/TIPP Poll suggests Americans aren't just more optimistic about the economy, but that groups not known to be Trump-friendly in their politics are among the most optimistic of all.

Business & Finance | Economics

Remarks by President Trump Before Dinner with Business Leaders

Trump National Golf Club Bedminster, New Jersey 7:43 P.M. EDT THE PRESIDENT:  Hello everybody.  Thank you very much.  It's great to have you in Bedminster

Business & Finance | Economics

Hundreds line up for gushing West Texas oil jobs

By Liz Hampton ODESSA, TEXAS (Reuters) - Job fairs are stocked with people hungry for better opportunities, but inside the MCM Grande Hotel in Odessa, Texas, oil services giant Halliburton is the one doing the wooing. “We need to hire you is our message

Business & Finance | Economics

Top Obama Economist: GDP Even Stronger Than It Looks | Breitbart

The data underlying the 4.1% second quarter GDP growth suggest the economy may be even stronger than it looks. | Big Government

Business & Finance | Economics

'What does a trucker look like?' It's changing, amid a big shortage :: WRAL.com

WASHINGTON -- America's booming economy has a problem: a shortage of truck drivers.

Business & Finance | Economics

US GDP Q2 2018

Gross domestic product grew at a solid 4.1 percent pace in the second quarter, its best pace since 2014, boosting hopes that the economy is ready to break out of its decade-long slumber.

Business & Finance | Economics

'Made in America': Lockheed Martin adds jobs to boost F-35 production | Fox Business

Lockheed’s announcement comes as the F-35 was featured at the White House as part of the Trump administration’s “Made in America” event.

Business & Finance | Economics

Energy Group: Highest-Ever U.S. Crude Oil and Natural Gas Liquids Production

API's June statistical report released on Thursday shows the highest-ever production of U.S. crude oil and natural gas liquids.

Business & Finance | Economics

California gains just 800 jobs in June; unemployment remains at record low

California gained a meager 800 net jobs in June, while the unemployment rate held steady at a record low of 4.2%, according to data released Friday by the state’s Employment Development Department.

Business & Finance | Economics

Food Stamp Usage Drops Below 40 Million for First Time in 8 Years | Breitbart

Food stamp participation dropped below 40 million for the first time in eight years, according to the latest numbers from the USDA.

Business & Finance | Economics

J.P. Morgan Chase Says 'Trade War' Is Not Hurting Business | Breitbart

Jamie Dimon, the bank's chief executive, said that trade war talk was more about "psyche" than "economics."  | Big Government

Business & Finance | Economics

5-in-7 Americans: Cheap Foreign Labor Helped Collapse of Manufacturing Industry

A majority of Americans say that cheap foreign labor displacing U.S. jobs contributed to the collapse of the American manufacturing industry.

Business & Finance | Economics

The U.S.' Colorblind Jobs Boom Under Trump Continues

It may come as a surprise, but President Trump is nowhere near as unpopular among black, Hispanic and Asian voters as the biased mainstream media suggest he should be. How can that be? In a word, jobs.

Business & Finance | Economics

Congress eyes truck driver shortage solution | Fox Business

The DRIVE-Safe Act would open cross-state truck driving positions to 18-year-olds.

Business & Finance | Economics

Rising oil demand may outstrip supply, boosting economy | Fox Business

Growing global oil demand would be a strong indicator of a robust global economy.

Politics | Politics

Record 155,576,000 Employed in June; 10th Record for Trump

"Our economic policy can be summed up in three very simple but beautiful but beautiful words," President Donald Trump told a rally in Montana Thursday evening: "Jobs, jobs, jobs," he said.

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

How Trump's latest move will protect federal workers (and you) from the 'bad apples' in their midst | Fox News

When you think of federal government workers, what image comes to mind? That was a question I pondered when President George W. Bush asked me to lead the U.S. Office of Personnel Management (OPM).

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

Majority of Americans: More Important to Keep Manufacturing Jobs in U.S. than to Have Cheap Products | Breitbart

The vast majority of Americans say it is more important for the United States to have a strong manufacturing base than to have an exorbitant amount of cheap, foreign products.

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 | 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.