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Tag: economy

9-11 Twin Towers ReutersSean Adair

Poll: Terrorism Beats Economy as Top Concern for First Time in a Decade

For the first time since 2006, terrorism ranks higher than the economy as a concern for voters, according to a new CBS News poll. These are red-alert crisis numbers for Democrats going into the 2016 election. Conversely, a CBS poll conducted with the New York Times this morning cited mounting concerns about terrorism as one reason for Donald Trump’s commanding lead in the Republican primary.

Islamic State

Report: Islamic State Revenue Tops $80 Million Per Month

According to an analysis published at Rudaw, the Islamic State’s books include $80 million per month in revenue from taxes, confiscating property, drug smuggling, oil sales, selling electricity to captive populations, kidnapping for ransom, and even old-fashioned banditry, such as bank robberies.

A job seeker (R) meets with recruiters during the HireLive Career Fair on November 12, 2015 in San Francisco, California. The national unemployment rate stands at 5 percent.

56,295,000 American Women Not in Labor Force

The Bureau of Labor Statistics reports that in November 56,295,000 women (ages 16 and older) were neither employed nor had looked for a job in four weeks. The number represented a decline of 245,000 from October’s level and a decline of 352,000 from September’s record level of 56,647,000 women not in the workforce.

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Turkish Stocks Tumble as Russia Crisis Escalates

One of the comforting thoughts for observers of the escalating conflict between Russia and Turkey is that both have solid economic incentives to avoid escalating too much. This was emphasized by a 4.39 percent drop in the Turkish stock market, accompanied by the highest five-year debt insurance costs in several weeks, and the Turkish lira sliding 0.6 percent against the dollar.

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Turkey Could Lose Billions for Downing Russian Jet

Turkey could lose billions in all sectors of their economy after the government shot down a Russian jet on the Turkey-Syria border. Tourism might be the first to suffer, as the country hosts over 4 million Russian visitors a year.

The prescription medicine OxyContin is displayed August 21, 2001 at a Walgreens drugstore in Brookline, MA. The powerful painkiller, manufactured to relieve the pain of seriously ill people, is being used by some addicts to achieve a high similar to a heroin rush. Its popularity among abusers of the drug has resulted in a string of pharmacy robberies nationwide. Armed robbers raid the pharmacies for the painkiller which has a street value of $40 for a 40mg pill. (Photo by

Middle-Class Despair, and Life Without Pain

“Pain is part of life” is not what the culture of 2015 wants to hear, and it’s bound to raise sarcastic chuckles as the impromptu slogan of Bush’s presidential campaign… but he’s right, and the quest to avoid pain has gone far beyond the point of diminishing returns. This is true of every form of discomfort – from physical and emotional pain, to economic anxiety and the “trigger words” culture of hyper-sensitivity on campus.

AP Photo/Richard Shiro

Carly Fiorina: Hillary Clinton ‘Flunks Economics’

GOP 2016 candidate Carly Fiorina says Democratic frontrunner Hillary Clinton “flunks economics” if she believes the economy is better with a Democrat in the White House. “Whose economy is she talking about? The middle class has shrunk under the Obama administration,” Fiorina responded in an op-ed in the Wall Street Journal.

jobs

A Sense of Doom Hangs Over September’s Big-Miss Jobs Report

Analysts were expecting well over 200k new jobs for September – which isn’t really all that great, but at least it’s enough to keep pace with population growth. Instead, we got 142k new jobs, the past few months were revised downward, wage growth remained flat, and the labor force shrank by another hair-raising 350k, knocking workforce participation down to 62.4 percent.

Tony Gentile/Pool via AP

Don’t Expect Pope Francis to Condemn U.S. Capitalism

Everyone knows that Pope Francis is capitalism’s number one critic, and he has been waiting for his U.S. visit to scold Americans on the economy, right? Not so fast. The fact is, that Francis has never been an enemy of capitalism and actually believes the free market is a good thing, as long as it has “limits.”