Economics

hatch

Orrin Hatch: Obama’s SOTU Is Class Warfare

Tuesday at the U.S. Chamber of Commerce, Senate Finance Committee Chairman Sen. Orrin Hatch (R-UT) said the plan President Barack Obama’s is laying out in his State of the Union address tonight is class warfare. Hatch said, “This plan that

by Pam Key20 Jan 2015, 8:11 AM PST0

obama_not_bad_reuters

Obama Bent on Soak the Rich Schemes

In his State of the Union address, President Obama will propose much he knows the Republican-controlled Congress will not enact, but his real agenda is to set the table for Hillary Clinton’s 2016 presidential campaign.

by Peter Morici20 Jan 2015, 6:59 AM PST0

California Tattoo (Joel Pollak / Breitbart News)

California Might be 7th Largest Economy, But is 1st in Poverty

Jerry Brown might try to claim credit for rising employment, home values and personal and corporate income. But California’s growth has been due partly to the importation of impoverished foreign immigrants, driving the state's highest annual population growth rate in nearly a decade, according to the state’s finance department.

by Chriss W. Street19 Jan 2015, 5:05 AM PST0

AFP PHOTO / FABRICE COFFRINI

Switzerland May Be Preparing for the End of the Euro

Something is brewing in Europe now that has the Swiss National Bank worried. If you haven’t been paying attention in the last 24 hours, the currency and equity markets have been rocked by a surprise move to delink the existing currency peg

by Jason Scheurer16 Jan 2015, 4:54 PM PST0

Euro-Notes_Reuters

European Trade War is Breaking Out

The European Constitutional Court of Justice ruled the European Central Bank (ECB) has unlimited authority to massively inflate the euro. The Swiss National Bank (SNB) was forced to drop its fixed exchange rate for the nation’s “franc” currency.

by Chriss W. Street15 Jan 2015, 6:57 PM PST0

AP Photo/Evan Vucci

Fast Track Trade Bill Faces Conservative Headwinds

A group of conservatives who reflect a broad spectrum of the Republican Party are holding a news conference Tuesday morning on Capitol Hill to caution Congress against passing the current version of proposed Trade Promotion Authority "fast track" legislation. Senate Majority Leader Mitch McConnell recently confirmed that the TPA bill would cede more Congressional power to President Obama.

by Michael Patrick Leahy13 Jan 2015, 5:07 AM PST0

Euro-Notes_Reuters

China is Exporting Deflation to Europe

China’s Producer Price Index (PPI) that measures the price changes for the goods and services produced by the nation has fallen for 32 straight months. As the factory to the world, China has been exporting deflation. The economic impact has been increasing the real burden of debt, driving down worldwide wages and discouraging consumption.

by Chriss W. Street11 Jan 2015, 5:36 PM PST0

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