From Politico: Vietnam slaps tariffs of 70 percent on U.S. cars and machinery, 35 percent on U.S. chemicals, 30 percent on U.S. biscuits and baked goods, and 25 percent on U.S. recording equipment. Japan marks up our oranges 16 percent
Several Republican presidential candidates are heading to Orlando, Florida on Tuesday for an “Economic Growth Summit” hosted by Gov. Rick Scott. Participants will include the Sunshine State’s top two contenders, Sen. Marco Rubio and former Gov. Jeb Bush.
With San Francisco offering massive tax incentives to redevelop 77 dilapidated warehouse buildings into a “Twitter Town” for the “digerati” venture capital crowd, the adjacent Mission District community is now in turmoil, as the city’s poor are being booted to make room for new buildings and Airbnb vacation rental conversions.
In an exclusive interview with Breitbart News, former U.S. Navy SEAL Commander Rep. Ryan Zinke (R-MT) confirmed that he was against TPA—and questions, given Obama’s controversial Iranian and Cuban negotiations, why any Republican who believes in a strong national defense would allow him more authority to negotiate with foreign leaders.
Commerce Secretary Penny Pritzker said that despite the contraction in GDP, “things are actually pretty good” on Friday’s “Opening Bell With Maria Bartiromo” on the Fox Business Network. Pritzker said, “You know, actually, I think things are actually pretty good.
On Friday, the United States Bureau of Economic Analysis released its revised economic report for the first quarter of 2015 – and in a “surprising” and “unexpected” twist (surprising and unexpected only because Barack Obama is president and the media are constantly surprised that the Sun God cannot rain gold from the heavens), the GDP dropped -0.7%.
When asked how he planned to finance his retirement, a wag once responded he would rely on three sources – Social Security, law suits and the lottery. His answer was an expression of hope over experience. While it was bittersweet, his answer also reflected a cultural shift – a growing dependency and a belief that riches can come with no effort.
On Friday’s “Squawk Box” on CNBC, Jim Cramer, host of the network’s signature show “Mad Money,” reacted to the lackluster gross domestic product number reported earlier in the day by question government policy regarding small business. “[T]his is very subpar
Greek Prime Minister Alexis Tsipras hopes to get the final details of a bailout deal with the European Union worked out by Sunday, but he has faced increased criticism from the hard left in Greece for negotiating at all.
The strong dollar continues to drag down U.S. growth, complicating the Federal Reserve’s plans to raise interest rates and casting serious doubts on President Obama’s proposed free trade agreement with Asian nations.
Next Tuesday, San Diego Chargers Chairman Dean Spanos will begin negotiations with San Diego Mayor Kevin Faulconer over the possibility of a new stadium, as great uncertainty over the Chargers’ future in their longtime home hangs heavy in the air.
OPEC’s attempt to over-produce crude oil for export to crush prices and bankrupt the American shale-fracking oil boom has failed, according to a draft OPEC long-term strategy report seen by Reuters ahead of the cartel’s policy meeting in Vienna on June 1st.
The Irvine City Council voted 4 to 1 to begin dumping an eight-year-old “Living Wage” ordinance on Wednesday night that forces most of the city’s thousands of contractors to pay all employees at least $13.34 an hour.
Thursday on MSNBC’s “Morning Joe,” to the shock of co host Mika Brzezinski, Joe Scarborough blasted Senator Elizabeth Warren (D-MA) for criticizing Republicans for playing to their base when she does the same thing by not challenging hers. After playing a
Nigerian officials reached a preliminary agreement with multinational oil firms to pay back the $800 million Nigeria owes the oil suppliers in an effort to bring an end to the country’s dire fuel shortage.
Socialist politicians in Venezuela are proposing a project that would force all Venezuelans to use an internet emanating from a single government-controlled server, as a way to prevent citizens from using Google, Twitter, and other social media to access sites that publish material unfavorable to the government.
California is enjoying another year of budget surplus–and the state’s Democrats cannot wait to spend the spoils. Though Gov. Jerry Brown’s new plans call for spending an additional $7.5 billion more than originally budgeted–an increase that is larger than the entire budgets of some states–Democrats in the state legislature are predicting a $2.5 billion surplus in the year to come, and bickering over which of the state’s generous social welfare programs will benefit from the new cash.
Up-and-coming tech titans are shelling out massive salaries to retain the best immigrants in the world. Netflix is paying an average of $239K per year, and Airbnb is dolling out $163K, up from $134K and $106K in 2012, respectively.
The value of Venezuela’s bolivar currency collapsed this month, as air carriers and U.S. automakers announce they will only do business in U.S. dollars.
“Congressional Democrats, like Patrick Murphy, are in virtual lockstep in their support for the big corporate special interests that gain taxpayer-provided financing from the Export-Import Bank,” said Club for Growth President David McIntosh in a statement provided to Breitbart News. “Despite the hundreds of fraud claims against Ex-Im, and the 31 open fraud investigations involving the bank, Murphy still wants an expansion of Ex-Im.”
Bitcoin’s open-source digital currency was designed to disrupt and cut out the manipulative architecture of central banks, such as the U.S. Federal Reserve. Originally, Bitcoin transactions went through a third party. But the virtual currency has evolved to eliminate all of
Investors anxiously await Federal Open Market Committee (FOMC) minutes, like the details of the April 28-29 meeting released Friday. But despite the Fed’s monetary policy purchase of $4 trillion in bonds to drive interest rates to near zero, Fed Chairman
The rapid and steady decline of Venezuela’s national currency, the Bolívar, is forcing a growing number of businesses to do trade only in American dollars, freezing out Venezuelan citizens from buying cars, renting apartments, or boarding flights offered by businesses that refuse their currency even when they can muster an equivalent amount of retail prices in Bolívars.
The Federal Reserve is on track to raise interest rates later this year. Chairwoman Yellen has good reasons to push ahead, but she may not get very far in her quest to “normalize” rates.
Talk radio host Rush Limbaugh argued that “odds are the United States is gonna take it in the shorts” on TPA and TPP on Friday. Rush, after agreeing with a caller that there is a large deal hypocrisy on the
