The newly elected Greek government is quite correct to eschew austerity and seek reductions in what it owes northern European governments. The Euro is punishing the South, and solving Mediterranean states’ chronic financial problems would require moving some industry from the North to the South. More austerity would only bleed the patient further.
The Labor Department announced that 235 union multi-employer-multi-employee pension funds are “endangered,” meaning they lack the assets to pay 80 percent of their promised benefits.
We will finally learn, after more than 40 years of not knowing, what the free market supply/demand price of crude truly is. This knowledge will make it harder for secretive governments and corporations to manipulate prices in the future, while strengthening domestic production to weather supply shocks in the future.
The Pacific Maritime Association (PMA) announced that loading and unloading operations at all 29 West Coast ports would temporarily be suspended this weekend in response to union slowdowns that brought freight movements at the ports to a near standstill.
Mort Zuckerman, Editor-in-Chief and publisher of the New York Daily News and US News and World Report Chairman, declared that the US national debt would create “a real crisis” on Friday’s “McLaughlin Group.” Zuckerman started by saying there was “some truth” to
After spending trillions of dollars under President Barack Obama, America had fewer full-time jobs in the private sector in January 2015 than we had 10 years earlier under George W. Bush in 2015 .
Senator Rob Portman (R-OH) criticized President Obama’s budget as “more of the same” and outlined the budget plan the GOP will unveil during Saturday’s Weekly Address. Transcript (via ABC News Radio) as Follows: “Hi, I’m U.S. Senator Rob Portman from
President Obama touted “middle class economics” and urged members of Congress to “stop refighting old battles” during debates on economics during his Weekly Address on Saturday. Transcript as Follows: “Hi everybody. I’m talking with you today from Ivy Tech Community
Yesterday a tweet of mine got 270 re-tweets; a personal record. I’m not one of these celebs who wake up, feel a bit groggy, tweet, “Ugh, mornings, they’re a bit crap, aren’t they?’ and get 35,672 retweets. As a lowly
Despite all of the seemingly positive news, key economic indicators still suggest the economy has improved little over President Barack Obama’s time in office. Many Americans are actually worse off than they were at the start of 2014.
The economy added 257,000 jobs in January, down significantly from the 324,000 fourth quarter average monthly gain. Overall, the economy is creating jobs, but lower oil prices and a strong dollar are slowing the pace.
That was quick.
California Attorney General Kamala Harris announced Wednesday that the state would appeal a federal judge’s decision to overturn the statewide ban on foie gras, a delicacy made from the enlarged livers of ducks and geese.
Newly-inaugurated Illinois governor Bruce Rauner is the state’s first Republican governor in 12 years. In a state suffering the worst fiscal crisis of any in the Union, save perhaps California, the billionaire businessman is expected to restore sound principles to state management. Yet in his first “State of the State” address, Rauner failed to mention the words “pension,” “debt,” or “deficit”–and focused on other issues, including labor union reform and a proposed minimum wage hike to $10.
Germany is getting hit with the nasty combination of deflation and higher energy costs as it follows California’s lead in shifting to renewable energy. Although other factors may be contributing to its economic decline, Germany’s transition from coal and nuclear energy to wind and solar renewable energy sources is forcing industries and consumers to pay substantially higher prices.
The combined wealth of America’s 537 billionaires would not be enough to fund the nation’s budget for even a single year.
The much touted “unemployment rate” is a false measure of prosperity. Especially since those on the left seem to be targeting, rather than building up, the Middle Class.
A new report finds that the number of billionaires in the world leapt by 222 last year to 2,089, with a combined total $6.7 trillion in wealth–a sum that represents roughly one-third of America’s $18,099,042,237,252.89 national debt.
When I first got in the business, I remember an older financial advisor saying to always remember the individual investor does the wrong thing at the wrong time.
Se. Jeff Sessions takes President Obama’s budget director to task over the president’s proposal, which seeks to boost taxes, spending and the budget deficit.
Reading the president’s State of the Union and Budget Message, Americans are on the cusp of the second Age of Pericles. The economy is booming and with new taxes on the wealthy and free community college for all, lasting prosperity can be assured.
Jim Clifton, the Chairman and CEO at Gallup, has acknowledged the dirty little secret that the Obama administration and their media lapdogs assiduously attempt to hide: the official unemployment rate reported by the U.S. Department of Labor does not accurately reflect the grim reality of American unemployment.
From Josh Zumbrun at the Wall Street Journal: The U.S. has come a long way since the days of trillion-dollar deficits, just a few years ago. The White House projects 2016 will have the smallest budget deficit in eight years.
Truth be told, millennials are the most useless generation in America. By a long shot.
Spanish Budget Minister Cristobal Montoro has categorically rejected any attempts to “change the rules” regarding austerity measures imposed on Greece by European Union regulations. “Europe is a club of democracies, and entering is voluntary,” he stated, implying that, should Greece’s new government refuse to impose austerity measures, they can leave the EU.
Apple already has a strong relationship with Yahoo as the default data source on the iPhone for the device’s very slick stocks and weather apps. After Alibaba’s September public offering gave Yahoo billions in cash, Mayer appears willing to go to war with Google to bring search dominance back to Yahoo.
