Demonstrators bent on forcing McDonald’s to dramatically raise wages are doomed to fail, but their rage is well founded and inequality requires much better solutions than boosting the minimum wage.
President Obama has proclaimed Hillary Clinton an effective Secretary of State. All along, it must have been the plan for Russia to seize the eastern Ukraine, Beijing to build airstrips and assert sovereignty over international shipping lanes in the South China Sea, and Iran to have nuclear weapons capabilities.
Congress should impose tough conditions on President Obama’s request for authority to negotiate a free trade agreement with Pacific nations.
The economy added 223,000 jobs in April—well below the 260,000 averaged during 2014—pitching cold water on forecasts of stronger economic growth this spring and complicating Fed plans to raise interest rates.
Friday, the Labor Department is expected to report the economy added 220,000 jobs in April and push the Federal Reserve toward raising interest rates.
Tuesday, the Commerce Department is expected to report the March deficit on international trade in goods and services was $42 billion, up from $37.8 billion in February.
In this century, economic growth has averaged 1.9 percent per year—down from the 3.4 percent the prior two decades—and anemic growth is a major force squeezing wages, the middle class, and the working poor.
Federal Reserve policymakers meet Tuesday to consider when to raise interest rates, but the strong dollar and inflation risks put them between a rock and a hard place.
Investors in securities markets are now strongly betting the Federal Reserve won’t raise interest rates in June, but the million dollar question is will the Fed ever be able to raise interest rates again?
Politicians have manipulated the income tax to salve voter angst about fairness but in the process are destroying the work ethic and corrupting public judgement about the appropriate limits of government.
The nuclear deal with Iran will prove unenforceable. Ultimately, Tehran will become the dominant economic and military power in the Middle East and, if it chooses, build nuclear weapons. The United States was successful in assembling an international coalition to
Friday, the Labor Department is expected to report the economy added 247,000 jobs in March, down from 295,000 in February and 324,000 during the fourth quarter.
March Madness, baseball, and flowers; spring in America would be so grand without income taxes and the headaches of filing on April 15.
The Federal Reserve will likely raise interest rates later this year, and foreign central bank policies may compel it to sell off Treasury and mortgage-backed securities—reversing Quantitative Easing.
In the 20th Century, isolationism proved costly—protectionism exacerbated the Great Depression and strategic disengagement pulled America into an even more bloody Second World War. Now, neo-isolationism may prove America’s last reasonable choice.
Federal Reserve policymakers are meeting to consider whether to open the door to raising interest rates as early as June. Falling unemployment favors higher rates, but inflation remains well below the Fed target of 2 percent.
The Federal Reserve economic policy committee meets next week to consider whether to open the door to raising interest rates in June. Falling unemployment favors higher rates, but weighing in the opposite direction, inflation remains well below the Fed target of 2 percent.
The job market has improved, but only momentarily, and it won’t force the Federal Reserve to raise interest rates in June. That should keep a lid on rates banks charge for consumer loans and mortgages.
To listen to President Obama, the U.S. economy is firing on all cylinders. Yet it is hardly creating jobs at a breakneck pace, and too many able-bodied men have grown lazy and show no interest in working.
The Supreme Court could improve American health care by striking down federal subsidies offered through HealthCare.com—the federal exchange that sells insurance in states without government-run marketplaces.
America and the entire West are at war with jihadist terrorism and radical Islamism—on the battle fields of the Middle East with ISIS and al Qaeda but more importantly in coffee houses, the basements of mosques, and on the internet for the hearts and minds of young people.
Since 2008, the Federal Reserve has been giving banks virtually free money by keeping their short term borrowing rates near zero.
Fighting racism, prejudice, and the violence those can beget is everyone’s job. Muslims would do well to respond to President Obama’s invitation to combat extremist ideas in their communities, but too often Washington’s broader policies toward minorities encourage just the opposite.
Free trade is undermining American prosperity, and Congress should deny President Obama authority to negotiate new deals in Asia and with the European Union.
Moderate Islam may be guilty of terrorism by its silent acquiescence, and that is the issue President Obama and other leaders in the West refuse to address.