Inflation Is Higher Than You Think, Fed Should Raise Rates Now
The Federal Reserve should raise interest rates, because inflationary pressures are greater than most policymakers admit and the economy is nearing full employment.
Economics
Treasury Rates at Zero Percent 46 Times Since 2008
Treasury Bill rates have recently fallen to zero percent, but few Americans understand that since September 2008 this has happened 46 times, and about 3 percent of all U.S. government debt under one year in maturity has been sold without paying any interest during the last 7 years.
North Korea Bans Abortion and Birth Control To Counter Falling Birth Rate
North Korea has banned abortion and birth control as a means to remedy its rapidly falling birth rate.
California Unemployment Rate, Labor Force Fall
Although California’s labor force shrank by 32,000 jobs in September, the Employment Development Department (EDD) in Sacramento claimed a big drop in unemployment claims from 6.1 percent to 5.9 percent.
Hartford Courant: Connecticut Gov. Dannel Malloy’s Approval Rating Decline Is a ‘Stunning Rebuke’
In what the Hartford Courant refers to as “a stunning rebuke” of Gov. Dannel Malloy (D-WFP), the newly released Quinnipiac University survey finds the Connecticut governor’s approval rating has plummeted to 32%, the “lowest score for any governor in the nine states surveyed” this year.
Tea Party Leader: U.S. Can’t Wait 8 Years For John Kasich To Balance Budget
“Tea Party Patriots Citizens Fund supports the Penny Plan, which would balance the budget and end the deficit in five years,” Martin continued.
Now On Sale: San Francisco Driveway–for $50k
A $50,000 driveway for sale in San Francisco’s Light District is highlighting the exorbitant heights of the city’s real estate market.
China’s Middle Class Skyrockets, but the Bubble May Burst
Credit Suisse claims that China’s middle class is now the biggest in the world, growing much faster than America’s, but the reason for this situation is less obvious than one would think.
Free Stuff? Sorry, Can’t Afford It
We need to “make every public college and university in this country tuition free,” Sen. Bernie Sanders, the self-proclaimed Socialist from Vermont, declared. Front-running Hillary Clinton added, “My plan would enable anyone to go to a public college or university tuition free. You would not have to borrow money for tuition.” Former Maryland Gov. Martin O’Malley was also on board. “We can talk about affordable college, making college debt free, and all the issues,” he said. They’re wrong.
Jerry Brown Enshrines Equal Pay–for Unequal Work
In Tuesday night’s Democratic debate, former Secretary of State Hillary Clinton pushed forward her preferred narrative about female victimhood in the United States: women aren’t paid equally for equal work.
Boston Families Making Over $200,000 Living in Taxpayer Subsidized Housing
According to a report by Boston CBS affiliate WBV’s I-Team, there are currently 622 “overincome” families listed in the Massachusetts records, with more than half making $10,000 over the income guidelines. Several of the families made $100,000 over, while one family
‘Embarrassing’ Jeremy Corbyn Row Overshadows Britain Economy Vote
A row in the opposition Labour party overshadowed a Wednesday parliamentary vote on Britain’s economy, seen as a test of left-wing leader Jeremy Corbyn‘s ability to unite his party. Around 30 lawmakers from the main opposition party are thought to
Trump Warns Of Stock Market Bubble, Looming Recession
In an interview with The Hill, Donald Trump warned of a stock market bubble on the verge of bursting, and slammed the Dodd-Frank financial regulations, which were roundly praised by the 2016 Democrats during their first primary debate on Tuesday night. Trump called Dodd-Frank “terrible” and said he would “absolutely” repeal it as President.
Producer Price Index Falls in September
Producer prices fell more than expected in September as inflation is simply nowhere to be found.
Op-Ed: International Trade Influences Texans’ Prosperity
The Texas economy has taken hits from a plunge in oil prices, global economic weakness, and a stronger U.S. dollar during the last year. One indication of this combined blow is the latest report by the Dallas Federal Reserve showing a 7.7 percent drop in exports during the last year through July. With exports contributing to almost one-fifth of the state’s total economy and supporting more than one million jobs, it’s no shock that the state’s economy is slowing.
Machines’ Evolution and Cambridge’s Mother-Robot
Technology’s advance is bringing us closer to the uncomfortable point at which organic and mechanical life begins to merge. That’s really what the growing ethical, legal, and practical conflicts in science boil down to.
Jerry Brown Limits Antibiotics in Livestock
Gov. Jerry Brown has signed a controversial law making California the nation’s strictest regulator of the use of livestock antibiotics, limiting use only to sick animals directly under the care of a veterinarian.
Trump: I Get Along With Sanders on Trade
Monday in Manchester, NH outside of the No Labels’ “Problem Solver Convention,” Republican presidential front-runner Donald Trump said he and Democratic presidential candidate Sen. Bernie Sanders (I-VT) “get along” on trade deals. Speaking to reporters Trump said, “Well, Bernie Sanders
Donald Trump Defends Tea Party to Left Leaning Crowd: ‘I Love the Tea Party’
GOP frontrunner Donald Trump took up for the Tea Party to a Left-leaning crowd at the No Labels Convention in New Hampshire Monday morning.
Beyond the Bickering, Bill Lifting Oil-Export Ban Wins Bipartisan Support
Americans are sick of the bickering in Washington and want both parties to cooperate and get something done. Friday, October 9, offered proof that this can still happen. The house passed H.R. 702, the bill to lift the decades old oil export ban—with 26 Democrats joining the majority of Republicans and voting for it.
Report: Central Banks Seen as Risk Factor to Global Economy
(REUTERS) — In 2008 central banks, led by the Federal Reserve, rode to the rescue of the global financial system. Seven years on and trillions of dollars later they no longer have the answers and may even represent a major risk for the global economy.
Paul Ryan Likely to Strong-Arm Obama Trade Deal as Speaker of the House
Paul Ryan was one of the strongest advocates to grant Obama fast-track trade authority under the Trade Promotion Authority (TPA).
El Niño just Got Bigger than the Godzilla of all Weather
Bill Patzert, climatologist at NASA’s Jet Propulsion Laboratory in Flintridge called this year’s Pacific warming the Godzilla of all El Niños in August, but it just got much bigger.
Elon Musk Claims Only Tesla’s worst Engineers Jump to Apple
Despite the biggest bidding war for talent in Silicon Valley being about automotive engineers, Tesla Motors CEO Elon Musk claims anyone who left the company for a $250,000 bonus was about to be fired anyway. In Silicon Valley’s gridlocked twenty-five
Buchanan: TPP ‘In Real Trouble’ Debate In Congress Will Be After ‘Early Primaries’
Columnist Pat Buchanan predicted that the debate on the Trans-Pacific Partnership (TPP) would be after the “early primaries” and the deal “is in real trouble” on Friday’s “McLaughlin Group.” Buchanan said, “These are trade deals put together by transnational corporations and
