As Donald Trump continues to surge in the polls, a staple of Trump’s campaign rhetoric remains his emphasis on bringing manufacturing jobs back to the United States and confronting foreign competitors like China and Mexico over their unfair trading practices.
The People’s Bank of China has devalued the yuan 2.9 percent since Monday–the biggest plunge in the currency’s value since the mid-1990s. China’s currency devaluation is a classic predatory trade war action to save up to 60 million Chinese factory jobs at the expense of millions of American and European workers.
The Mexican peso has fallen over 20% against the US dollar in the past year despite efforts to prop up its currency.
The Houston-The Woodlands-Sugarland, Texas metropolitan area is the largest export market in the United States. This is according to a Department of Commerce International Trade Administration report that just released the 2014 Metropolitan Merchandise Export figures.
BEIJING (AP) — China’s yuan fell further Wednesday, fueling concern about a possible “currency war” if other governments fight back with their own devaluations to compete in export markets.
The Russian economy started stagnating in 2013, but the nation was never actually able to recover from the 2008-2009 recession, according to Stratfor Global Intelligence. The combination of the 2014 sanctions over the Ukraine and collapsing oil prices is a perfect economic storm that is grinding Russia to a halt.
As Greeks prepare for the beginning of the school year in September, there are serious concerns among Ministry of Education officials that as many as 27,000 teacher and university professor positions will remain unfilled. Officials are scrambling to recruit substitute teachers with fewer certifications to fill classrooms.
HONG KONG (Reuters) – Police raided the Hong Kong offices of taxi-hailing service Uber Inc on Tuesday and arrested five drivers for the “illegal use of vehicles for hire”, police said.
Republican presidential candidate Donald Trump on Tuesday said China’s devaluation of the yuan would be “devastating” for the United States.
Alabama State Senator Paul Sanford had a novel idea for illuminating the age-old truth that people will vote for additional taxes as long as they don’t have to pay them, creating a GoFundMe page to pay off the state’s deficit.
Secretary of State John Kerry warned Tuesday that the U.S. Dollar may “cease” to be the world’s reserve currency should Congress vote to re-apply sanctions to the dictatorial Islamic regime in Tehran.
BEIJING (AP) — China devalued its tightly controlled currency Tuesday following a slump in trade, allowing the yuan’s biggest one-day decline in a decade.
A new report released by the libertarian Cato Institute finds that among the eight governors who are GOP candidates for president, only Gov. Bobby Jindal of Louisiana has cut spending in his state.
The Target department store chain has announced that it intends go “gender neutral” in its stores by eliminating the colors blue and pink in displays and signage and getting rid of the words “boys” and “girls” on clothing and toys wherever possible.
As the Chicago Public School District’s budget continues to crash, officials have announced the next round of layoffs, with over 450 employees getting the axe in schools across the city.
The Labor Department reported the economy added 215,000 jobs in July. That’s well below the 260,000 monthly additions posted in 2014, and new employment opportunities and wage gains will continue depressed for the balance of this year and next.
The Associated Press’s Stephen Ohlemacher says there is an “easy fix” for Social Security disability, which is set to run out of money in 2016–and Republicans, who overstate the prevalence of fraud and abuse, are obstructing it.
Warren Buffett’s Berkshire Hathaway reported a 37 percent drop in its second-quarter profit as the paper value of its investments fell and its insurance companies reported an underwriting loss.
A new study from the New York Federal Reserve faults the federal government’s policy of boosting aid to families in recent decades to make college education more affordable, because it enabled institutions to raise tuitions much faster than inflation.
Republican presidential candidate Rick Santorum says he is certain Iran will use a nuclear weapon to wage war, suggesting it is the mentality behind the regime which makes it a greater threat than other nuclear-armed nations.
What would be the agenda of the 2016 presidential debate if America’s job creators were asking the questions?
The New York Times refers to the Inland Empire as Southern California’s backlot, because of its vast warehouse complexes and staging areas. But with the Riverside-San Bernardino region as the hottest industrial construction site in the nation, the Inland Empire is the center stage for America’s new industrial boom.
Apple (NASDAQ:AAPL=$115) stock has plunged about $114 billion in market value since the company reported very good quarterly sales and earnings two weeks ago.
Donald Trump vows to bring back the millions of American jobs lost to China and other foreign competitors if voters put him in the White House.
The Greek stock market was shut down five weeks ago, as the nation spiraled into an economic and political crisis, facing its final debt showdown with European creditors. The market just concluded its first day of trading since the shutdown, and the outlook is grim: the market lost 16.2 percent of its value on the first day back in business.
