Tuesday on Fox News Channel’s “America’s Newsroom,” host Bill Hemmer asked that considering this will be the president’s seventh year in office, how much time does Obama needed to fix the economy. In response White House press secretary Josh Earnest claimed they had “staved
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
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.
China’s Shanghai futures market crashed by the maximum 10 percent, and trading was suspended on January 19th, while Shanghai Composite Index fell by 7.7 percent. Both events were the worst day of trading since shortly after the Lehman Brothers bankruptcy launched the financial crisis six years ago.
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.
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
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.
In a stunning Tuesday report, Gallup CEO and Chairman Jim Clifton revealed that “for the first time in 35 years, American business deaths now outnumber business births.”
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.
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.
On Wednesday, 44 House Democrats surprised Republicans by flipping their votes to upend a fast-track vote on a Wall Street deregulation bill that was similar to one those same Democrats voted for as recently as September.
After six years of Obamanomics, Federal Reserve Chair Janet Yellen is still citing “stagnant wage growth as a sign of continued problems in the labor market,” and the immediate future isn’t looking much better.
Friday’s jobs report brought little comfort to American workers, as wages posted their biggest drop in eight years.
A record 92,898,000 Americans 16 years and older did not participate in the labor force last month, according to data released by the Bureau of Labor Statistics. While the level of labor force participation declined — due not only to potentially discouraged workers but also baby boomers hitting retirement age — the BLS reported Friday that in December the unemployment rate declined to 5.6 percent and payroll jobs increased by 252,000.
Nothing calls to mind the sad vision of a perennial 1970s-style economic sclerosis more than France–and nothing is more representative of Gallic stubborn refusal to live in the real world than its flagship 75% top rate of taxation.
The economy added 252,000 jobs in December—down from 353,000 in November. With GDP growth slowing, prospects for jobless Americans are worsening.
On Friday, the U.S. Supreme Court will evaluate two appeals filed by California water agencies and a coalition of Central Valley farmers that urge the court to strip away strict regulations regarding agricultural and commercial water deliveries under the Endangered Species Act (ESA).
The California Judicial Council, which oversees the statewide judiciary, engaged in at least $30 million worth of “questionable” spending practices over a four-year period, according to a state audit released Wednesday.
People in Japan are so averse to romantic relationships that the country’s media even has a name for it: sekkusu shinai shokogun, or “celibacy syndrome,” according to a widely circulated Guardian story on the country’s low rates of marriage, childbearing and even sex.
For the first time since 2009, the price of United States oil fell below $50 a barrel, and Brent crude (West Texas Intermediate crude) fell to a five-and-a-half year low of $51.12 per barrel. That statistic is in great part due to fracking and a global excess in oil supply, combined with OPEC’s refusal to slow its production.
They were warned.
Young America’s Foundation has released its Youth Misery Index (YMI) numbers for 2014, and it’s a record high of 106.5. The Youth Misery Index (YMI) is calculated by adding youth unemployment, student loan debt, and national debt (per capita) numbers.
Former House Majority Leader-turned-Wall Street investment bank executive Eric Cantor appeared on Twitter for the first time since July to tweet out his Monday CNBC op-ed wherein he offered Republicans advice on how to lead the new Congress.
French economist Thomas Piketty claims the very wealthy and successful Bill Gates is among his fans–except when it comes to paying more taxes.
Conservatives rightfully worry that Republicans in Washington will pursue a modest agenda with their Congressional majorities, but the states provide fertile ground for a broad reform legislation. In recent years, Republicans and conservatives have won public sector reforms in Wisconsin, broad tax reform in a number of states, and have led three states—Indiana, Oklahoma, and South Carolina—out of the Common Core education regime.
