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Economics

Trump, Abbott Announce 20K Jobs after Meet — 800 in Texas

President Donald Trump met with Texas Governor Greg Abbott and Charter Communication CEO Tom Rutledge to announce thousands of new jobs returning to the U.S. from overseas. The company will hire 20,000 new positions over the next four years — 800 in Texas.

Oroville Lake and Dam (Breitbart News)

California Rain Expected to Boost Hydro-Electric Revenue

Data from the U.S. Energy Information Agency suggest that the state could receive an extra $900 million in new hydro-electric revenue as a result of record California rain — and that the cash could pay for some of the damage to the Oroville Dam, the Los Angeles Aqueduct, and much of California’s key flood control infrastructure.

OPEC countries are complying with a landmark deal to reduce a worldwide glut in oil, the International Energy Agency says

Blackwell: Energy Security Means Putting America First

Every year, the United States spends $67.5 billion to ensure the worldwide free flow of oil. Often produced in unstable parts of the world and shipped through insecure chokepoints, the U.S. military works to make sure crude oil from other countries makes it safely onto the global market. Yet while this global oil market benefits some nations, its volatility threatens the American economy and undermines U.S. national security.

Virgil: Trump Connects to the Taproot of American Economic Nationalism with Henry Clay’s ‘American System’

In his March 20 speech in Louisville, Kentucky, President Trump sounded many familiar and important themes, including the importance of jobs, manufacturing, trade, and the need to revive the coal industry. And yet he also added a new and larger “meta-theme,” namely, the urgency of building up our industrial strength for the sake of economic and national security. That meta-theme, we might observe, is the essence of the “American System” of Henry Clay.

Apple CEO Tim Cook has announced plans to build an app design facility in the southern Indian city of Bangalore

Apple CEO Tim Cook Argues for Globalization

Apple CEO Tim Cook, declaring that globalization is “great for the world,” announced at the China Development Forum 2017 last week that the company will spend $507 million to open two additional research centers in the People’s Republic of China.

Starbucks

Starbucks CEO Howard Schultz to Step Down in April

Starbucks CEO Howard Schultz will step down from his position at the company within the next month. This decision comes after the company’s pledge to hire 10,000 refugees to protest President Trump’s temporary travel halt. The Daily Mail reports that Howard