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Keyword: economy

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  • Newest Outpost for U.S. Crude Exports: India

    10/18/2017 7:00:31 PM PDT · by Oatka · 6 replies
    The Times of India ^ | Oct 17 2017 | Julia Simon and Nidhi Verma
    India is set to emerge as a key market for American crude exports in coming months, as refineries are ramping up "test" purchases of US grades to diversify their imports. US exports recently set a weekly record with nearly 2 million barrels of crude a day sent overseas. But shipments to India+ have been rare, with just a few deliveries since the US lifted its ban on crude exports in late 2015. Indian refineries are starting to increase purchases as the country seeks to secure more supply from outside the Middle East. Refiners are testing both US sweet and sour...
  • Per Capita Federal Spending Up Sevenfold Since 1941

    10/18/2017 1:10:27 PM PDT · by Kaslin · 8 replies
    Townhall.com ^ | October 18, 2017 | Terry Jeffrey
    Real per capita federal spending has increased more than sevenfold since fiscal 1941, which concluded on June 30 of that year -- or about five months before the Japanese bombed Pearl Harbor. In fiscal 1941, real per capita federal spending was approximately $1,718. In fiscal 2017, which concluded at the end of September, it was about $12,239. Back in 1941, at the beginning of Franklin Delano Roosevelt's unprecedented third presidential term, the federal government spent $13,653,000,000, according to the White House Office of Management and Budget. Although that was a massive increase from the $4,598,000,000 the federal government had spent...
  • How a Healthy Economy Can Shorten Life Spans

    10/18/2017 7:37:27 AM PDT · by DFG · 28 replies
    NY Slimes ^ | 10/16/2017 | Austin Frakt
    The health of a nation’s economy and the health of its people are connected, but in some surprising ways. At times like these, when the economy is strong and unemployment is low, research has found that death rates rise. At least, in the short term. In the long term, economic growth is good for health. What’s going on? One study of European countries just before and during the Great Recession found that a one-percentage-point increase in the unemployment rate is associated with a 0.5 percent decline in the overall mortality rate. Other studies of Europe during different periods, as well...
  • White House: Americans are 'going to be begging for four more years of President Trump'

    10/17/2017 9:31:17 PM PDT · by 2ndDivisionVet · 4 replies
    The Politico ^ | October 17, 2017 | Nolan D. McKaskill
    White House press secretary Sarah Huckabee Sanders predicted Tuesday that President Donald Trump will be so successful in the remainder of his term that Americans are “going to be begging for four more years of President Trump.” In an interview Tuesday morning, conservative radio host Hugh Hewitt suggested that Trump needs to return to Cleveland, where he was nominated to be the Republican Party’s presidential nominee in 2016, to be renominated in 2020. But the Trump administration spokeswoman was bullish on the president’s prospects to reclaim the GOP nomination, regardless of where the party holds its 2020 nominating convention. “You...
  • Schooling the U.S. on economic freedom

    10/17/2017 2:33:49 PM PDT · by TBP · 1 replies
    The Washington Times ^ | Monday, October 16, 2017 | Richard W. Rahn
    Once again, there is more evidence that economic freedom leads to success. Many of the former communist countries of Central and Eastern Europe and the Soviet Union have made enormous economic progress from the time they became free almost three decades ago. The first few years after the collapse of communism (1989-92) were very difficult as the countries struggled to make the transition to a capitalist free-market economy, which many had largely achieved by 1995. The irony is there are some lessons for the United States from some of the successes of the former communist countries. The United States has...
  • CNBCs own 'Dr. Doom' Faber: 'Thank God white people populated America'

    10/17/2017 1:50:53 PM PDT · by DCBryan1 · 150 replies
    CNBC ^ | Jeff Cox | @JeffCoxCNBCcom
    Market doomsayer Marc "Dr. Doom" Faber has launched a racially charged diatribe in his latest newsletter, alleging that the U.S. is great primarily because it is ruled by white people. The eccentric Gloom, Boom & Doom report author, who often speaks on CNBC and other financial media, generally forecasting some type of market downturn, focused his latest comments on the racial conflicts happening around the country. (A CNBC spokesperson said it will not book him in the future.) "And thank God white people populated America, and not the blacks. Otherwise, the US would look like Zimbabwe, which it might look...
  • Poll: Most Would Welcome New Amazon Headquarters

    10/17/2017 2:18:10 AM PDT · by 2ndDivisionVet · 17 replies
    Morning Consult ^ | October 17, 2017 | Joanna Piacenza
    U.S. adults disregard potential negative impact of Amazon's presence Time is running out for cities to submit their bids to become Amazon.com Inc.’s second home. The tech giant announced plans last month to open up a second headquarters — and its hunt for a host city. Bids from metropolitan areas are due Thursday. There are plenty of willing contestants: Mayors across the country have launched viral-worthy campaigns enticing Amazon to choose their cities, with the winner set to be announced sometime in 2018. A Sept. 29-Oct. 1 Morning Consult survey found that 72 percent of a national sample of 2,201...
  • A Message from President Trump

    10/16/2017 5:12:08 AM PDT · by Enlightened1 · 3 replies
    Mark Dice via Youtube ^ | 10/15/17 | Donald J. Trump
    An important message from President Trump on Making America Great Again. https://www.youtube.com/watch?v=bmo4kolTFjk
  • Billionaire Sam Zell: I see 'very significant' positive change for business under Trump

    10/15/2017 4:49:13 PM PDT · by 2ndDivisionVet · 6 replies
    CNBC ^ | September 26, 2017 | Matthew J. Belvedere
    •Corporate America is willing to invest money on a longer-term basis under President Trump, real estate mogul Sam Zell says. •Zell points to deregulation and promises of tax cuts and massive infrastructure spending as major positives for business. •Continued improvement in underlying economic growth continues to "surprise," he says. Corporate America is willing to invest money on a longer-term basis under President Donald Trump than the previous "anti-business administration" of Barack Obama, real estate mogul Sam Zell told CNBC on Tuesday. "Bluntly, the only way I can square anything is I focus on what gets done, not what's said," the...
  • Becoming a Steelworker Liberated Her. Then Her Job Moved to Mexico.

    10/15/2017 7:40:23 AM PDT · by Theoria · 51 replies
    The New York Times ^ | 14 Oct 2017 | Farah Stockman
    The man from Mexico followed a manager through the factory floor, past whirring exhaust fans, beeping forklifts, and drilling machines that whined against steel. Workers in safety glasses looked up and stared. Others looked away. Shannon Mulcahy felt her stomach lurch. It was December 2016. The Rexnord Corporation’s factory still churned out bearings as it always had. Trucks still dropped off steel pipes at the loading dock. Bill Stinnett, a die-hard Indiana Pacers fan, still cut them into pieces. The pieces still went to the “turning” department, where they were honed into rings as small as a bracelet or as...
  • No Room for “Buffetnomics” in the GOP

    10/13/2017 4:02:01 PM PDT · by Sean_Anthony · 6 replies
    Canada Free Press ^ | 10/13/17 | Megan Barth
    These GOP members who are contemplating raising taxes are playing with fire. Failure to act in a way that pleases the base will ensure they are the ones who get burned Make no mistake about it: if Congress, particularly the United States Senate, fails to send a tax bill to the president’s desk, it will imperil the congressional majority, do lasting damage to the Republican Party, and potentially threaten the American economy. The clock is ticking.
  • China may be Trump’s best hope to ‘make America great again’

    10/13/2017 7:03:19 AM PDT · by 2ndDivisionVet · 12 replies
    Asia Times ^ | October 13, 2017 | Ken Moak|
    China is not America’s enemy or competitor or whatever name the US anti-China crowd labels it with. It is not challenging US global supremacy or stealing its jobs, as many in America claim. On the contrary, the Chinese and US economies are increasingly intertwined, becoming each other’s largest trade partners and major investors. What’s more, a large number of US states (such as Iowa) and cities (Los Angeles) are dependent on the Chinese market and investment to sustain economic growth. The two countries are also cooperative in geopolitics, working together to defuse the Korean Peninsula nuclear issue, holding frequent high-level...
  • Today's Turn-of-the-Century Problems

    10/13/2017 4:34:33 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | October 13, 2017 | Michael Barone
    Is America in a new Gilded Age? That's the contention of Republican political consultant Bruce Mehlman, and in a series of 35 slides, he makes a strong case. In many ways, problems facing America today resemble those facing what we still call "turn-of-the-century" America, the 1890s to the 1910s. Just as employment shifted from farms to factories a century ago, it has been moving from manufacturing to services recently. Financial crashes are another point of resemblance, coming precisely 100 years apart. The panic of 1907 was resolved when J.P. Morgan locked his fellow financiers in his library and required them...
  • It's 1968 All Over Again

    10/12/2017 5:19:24 AM PDT · by Kaslin · 38 replies
    Townhall.com ^ | October 11, 2017 | Victor Davis Hanson
    Almost a half-century ago, in 1968, the United States seemed to be falling apart. The Vietnam War, a bitter and close presidential election, antiwar protests, racial riots, political assassinations, terrorism and a recession looming on the horizon left the country divided between a loud radical minority and a silent conservative majority. The United States avoided a civil war. But America suffered a collective psychological depression, civil unrest, defeat in Vietnam and assorted disasters for the next decade -- until the election of a once-polarizing Ronald Reagan ushered in five consecutive presidential terms of relative bipartisan calm and prosperity from 1981...
  • North Sea Oil Squeezed as U.S. Ships Crude Like Never Before

    10/11/2017 8:35:36 AM PDT · by Oatka · 18 replies
    Bloomberg via gCaptain ^ | Oct 10 2017 | Javier Blas, Laura Hurst and Julian Lee
    Link only (Bloomberg)
  • Texas' Toll Roads: A Big Step Towards Open Markets For Transportation

    10/10/2017 8:10:17 AM PDT · by Tolerance Sucks Rocks · 96 replies
    Forbes ^ | June 30, 2017 | Scott Beyer
    No city in America runs on anything resembling a free-market model. But Texas' major cities are probably the closest thing, with vast improvements to their economies and living standards to show for it. Their looser land-use laws mean that housing supply grows quickly, stabilizing prices. Their lighter tax and regulatory structure helps businesses locate there and grow. And—shenanigans from the governor's office notwithstanding—their openness to immigrants means they have cheap and robust labor forces.But one market-oriented aspect little discussed is Texas' approach to transportation. The state has 25 toll roads, more than any other state. They are particularly common in Houston and Dallas,...
  • Commentary: Welcome to the dysfunction of Illinois government

    10/09/2017 7:03:38 AM PDT · by KeyLargo · 22 replies
    Chicago Tribune.com ^ | Oct 6, 2017 | Diana Sroka Rickert
    Commentary: Welcome to the dysfunction of Illinois government Diana Sroka Rickert I walked into the Thompson Center on my first day, not knowing what to expect. In many ways, my new workplace was like any other large organization: big building, thousands of people and plenty of broken computers. Except this building is dilapidated, many of the employees are political hires and the computers will never be repaired, ever. And it’s all paid for by you, Illinois taxpayers. “Welcome to state government,” said a new colleague, as we boarded the elevator for the 16th floor. This summer I got to see...
  • This Economy is 'Trump Strong'

    10/07/2017 5:04:45 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | October 7, 2017 | Wayne Allyn Root
    There's been a lot of negative stories in the news. Have you noticed? America needs to heal. We have suffered four consecutive body blows in the past six weeks. Hurricane Harvey, Hurricane Irma, Hurricane Maria and now the Vegas mass murder. The media lives by the mantra “If it bleeds, it leads.” And they have served us nonstop headlines of crisis, death, and destruction. But amidst all these negative headlines, we missed some remarkable positive economic news. What Vegas and America need now is some great news. The kind of news that makes you smile and pound your fist in the air....
  • Vietnam and Japan would be among hardest hit by a Korean conflict

    10/04/2017 6:34:14 AM PDT · by TigerLikesRooster · 23 replies
    Nikkei ^ | October 4, 2017 | MASAYUKI YUDA and TOMOMI KIKUCHI
    Vietnam and Japan would be among hardest hit by a Korean conflict Moody's and the World Bank warn of serious economic consequences to Asia MASAYUKI YUDA and TOMOMI KIKUCHI, Nikkei staff writers TOKYO -- If recent escalations in tensions ultimately culminate in a military conflict on the Korean peninsula, the U.S. and North Korea would not be the only countries to suffer -- at least in terms of credit-worthiness, the ratings company Moody's warns. Vietnam and Japan would be also be in the firing line. More broadly, the simmering tensions could jeopardize otherwise upbeat prospects for growth across the region,...
  • 'Shame on You!' Greek Pensioners Take to Streets to Protest EU-Forced Budget Cuts

    10/04/2017 12:49:24 AM PDT · by Michael van der Galien · 11 replies
    PJ Media ^ | 10-03-2017 | Michael van der Galien
    If you thought that the Greek crisis was over and done with, think again. "Hundreds of Greek pensioners have taken to the streets of Athens shouting 'shame on you' as they protested the deep cutbacks to pension payments ordered by the crisis-hit country’s creditors," the UK Express reports. "Dozens of pension cuts have been put in place since the Greek financial crisis of 2010. More will be implemented in 2019, as the latest reforms are passed." German and Dutch taxpayers have been fed up with Greece for years. That's not so strange considering the fact that they have kept the...