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World News - Latest of The Hour: Economy

2019-09-22 03:47

NLRB proposes rule that would prevent students from unionizing The National Labor Relations Board will propose an official rule to prevent undergraduate and graduate students paid by private universities from being able to collectively bargain....
2019-09-21 13:16

Democrats promote unionizing entire industries with 'sectoral bargaining' Cory Booker has become the latest Democratic presidential candidate to back unionizing entire industries by supporting a concept called "sectoral bargaining." The idea dates back to the 1930s and involves the federal government creating union-managem...
2019-09-21 13:16

Betsy DeVos busts colleges misusing federal dollars for anti-Semitic social justice curriculum On Sept. 17, the Department of Education published a letter warning the Duke-University of North Carolina Consortium for Middle East Studies that it has been improperly using federal grant dollars. The money, intended for foreign language and cultura...
2019-09-21 07:48

‘Collective’ erosion of two-State solution, continues unabated: Mladenov The “steady deterioration” of chances that a lasting peace can be negotiated between Israel and Palestine as two States live side by side, reflects a “collective failure” of leadership across the region and the world....
2019-09-20 23:48

Timber industry pressing to be included in Trump trade war assistance for farmers The timber industry is pressing the Trump administration and Congress to be included in the China trade retaliation relief currently available to the agricultural industry. The administration has thus far excluded loggers from assistance, but 65 memb...
2019-09-20 10:16

Elizabeth Warren has a plan that could crash the market Presidential candidate Sen. Elizabeth Warren likes to tell everyone that she "has a plan" for virtually every issue facing the country. Most of her plans (tax the rich schemes to pay for massive new government spending) are untested campaign proposal...
2019-09-20 10:16

'Secretary of corporate interests': Democrats portray labor nominee Eugene Scalia as against workers Senate Democrats tried hard at the nomination hearing for President Trump's labor secretary nominee, private sector management-side attorney Eugene Scalia, to portray him as too beholden to corporations to effectively represent workers' interests....
2019-09-20 10:16

Trump adviser says tariffs could go to 50% or 100% if China doesn't agree to deal Michael Pillsbury, an outsider adviser to the White House on China policy, said that President Trump would likely escalate the trade war if no deal is reached, including by dramatically raising existing tariffs....
2019-09-20 10:16

Trader Joe's removes pictures of circus elephants from packaging to appease PETA Trader Joe's plans to discontinue package designs that contain images of circus elephants after People for the Ethical Treatment of Animals successful lobbied the grocery chain....
2019-09-20 10:16

House Democrats call for stripping tax-exempt status from 60 ‘hate groups’ House Democrats on the Ways and Means Committee said on Thursday that over 60 alleged hate groups, mostly socially conservative organizations, anti-immigration entities, and religious groups should be stripped of their tax-exempt status....
2019-09-20 10:16

Despite progress in childbirth safety, one woman or baby dies every 11 seconds Childbirth survival rates are now a “staggering success” compared with the year 2000, but one pregnant woman - or her child - still dies every 11 seconds from largely preventable causes, UN health experts said on Thursday....
2019-09-20 03:16

UN summits to urge ‘ambition and action’ on climate change, sustainable development: Guterres There are five key United Nations summits taking place next week to spur action on the climate crisis and other global concerns, which will showcase the UN as a “driver for meaningful, positive change”, according to the man at the helm of the Organiz...
2019-09-19 12:00

Trump announces elimination of California auto emissions authority President Trump announced Wednesday that his administration will eliminate California's authority to set greenhouse gas emissions limits for passenger cars stricter than federal regulations....
2019-09-18 23:32

No, the Great American Bread Machine isn't dying The most recent census report on U.S. household income contained some fundamental good news that should be celebrated. Stated in constant 2018 dollars and including all forms of income, the shares of wealth heading toward high-income, middle-income, ...
2019-09-18 23:32

Fed cuts rates, facing global risks and pressure from Trump The Federal Reserve lowered its interest rate target by a quarter percentage point Wednesday, its second consecutive rate cut, in an effort to keep the economic expansion running despite signs of weakening global growth and domestic fears about Presi...
2019-09-18 23:32

Gavin Newsom signs landmark bill making Uber and Lyft drivers employees, not contractors California Gov. Gavin Newsom on Wednesday signed legislation intended to force "gig economy" businesses such as Uber and Lyft to classify their workers as employees, not contractors. The legislation, AB 5, upends the business model for those companie...
2019-09-18 23:32

Fed Cuts Interest Rates by Another Quarter Point The Federal Reserve cut rates for the second time since July as risks to the economic outlook mounted, but the move did little to appease President Trump....
2019-09-18 22:00

Trump and California See Same Homeless Problem, but Not the Same Solutions President Trump’s awful descriptions of California’s housing woes can’t be worse than those of the state’s most liberal politicians. But that’s where the agreement ends....
2019-09-18 16:32

The Fed Is Poised to Cut Rates Again. Here’s What to Watch. The central bank is set to announce its decision at 2 p.m. There will be a lot of moving parts, but policymakers are unlikely to do enough to satisfy President Trump....
2019-09-18 12:00

Election authorities aren't in a position to stop Yang's free money giveaway even if it is illegal Democratic presidential candidate Andrew Yang’s “freedom dividend” free money raffle has raised questions of legality, but the watchdog tasked with overseeing campaign finance issues, the Federal Election Commission, is hamstrung....
2019-09-18 08:32

Labor watchdog agency could gain all-GOP board in December The National Labor Relations Board, the main labor law enforcement agency, is on track to be completely controlled by Republicans in December. The five-seat board currently only has four members, and the term for its lone Democrat, Lauren McFerran, e...
2019-09-18 08:32

Hammer time: US construction index at record high, more work than workers Optimism in the U.S. construction industry has reached a record high, with builders forced to push off work because finding help is difficult due to the historic unemployment low....
2019-09-17 22:16

Modi, Trump, and a rally to make foreign policy great again We should welcome President Trump's attendance at an upcoming Houston rally by Indian Prime Minister Narendra Modi. It might seem silly, but this rally will serve real foreign policy interests....
2019-09-17 20:00

GOP sets quick vote for Trump labor secretary pick Eugene Scalia Senate Health, Education, Labor and Pensions Committee Chairman Lamar Alexander announced Tuesday that the panel will vote on President Trump's pick to head the Labor Department, private-sector lawyer Eugene Scalia, on Sept. 24, less than one week af...
2019-09-17 20:00

Luddites are coming for your self-checkout line What would you think if you pulled into your favorite gas station and learned that just two of the 10 pumps were operating on a self-serve basis, and the other eight required buzzing a station employee to come and fill your tank? Or if you stopped at...
2019-09-17 13:32

An Oil Price Surge Could Hurt Consumer Spending, and the Economy The spike in oil prices after the drone attacks in Saudi Arabia won’t start a recession. But a sustained surge in energy prices might have a bigger impact....
2019-09-17 12:32

GM autoworkers go on nationwide strike General Motors employees went on strike nationwide Monday following the expiration of the company's collective bargaining contract with the United Auto Workers....
2019-09-17 07:00

Striking GM autoworkers seek to undo union deal setting different wage tiers General Motors workers went on strike this week in part to undo an agreement their union, the United Auto Workers, made nearly a decade ago to protect longtime workers at the expense of new ones. New hires at GM make only about as much as longtime wo...
2019-09-17 07:00

Oil Prices Spike After Attack on Saudi Facilities but Lasting Disruption Seen Unlikely Experts say a severe shock to energy markets and the world economy is unlikely. They expect oil and gas prices to rise modestly, if the damage is quickly repaired....
2019-09-16 16:32

Trump Urges ‘Big’ Rate Cut as Fed Faces Challenges From short-term political and trade war concerns to a long-term lack of “firefighting capability” if the economy dives, things are not poised to get easier for Chair Jerome H. Powell....
2019-09-16 16:32

Trump Cleared to Put More Tariffs on Europe in Airbus Case The World Trade Organization has made a final decision in a 15-year old dispute that now clears the way for the United States to impose tariffs on European products....
2019-09-16 16:32

Trump moves haphazardly toward Tax Cuts 2.0 President Trump is putting together a proposal for a second round of tax cuts to fortify his reelection platform, but the effort is coming together only hesitatingly and faces uncertain buy-in even among Republicans....
2019-09-15 17:48

Beijing backs away from including Huawei in trade talks China is pulling back on demands that national security issues be included in trade talks, suggesting that the status of Chinese telecom company Huawei, which the U.S. has called a national security threat and placed on a blacklist, won't be a factor...
2019-09-14 07:48

Delhi Declaration: Countries agree to make ‘land degradation neutrality’ by 2030, a national target for action A major UN conference on fighting desertification agreed on Friday to make the Sustainable Development Goal target of achieving “land degradation neutrality” (LDN), a national target for action....
2019-09-14 00:00

SEIU accused of union-busting by its own staff Staff members of the Service Employees International Union, one of the nation's largest labor organizations, have accused it of union-busting and mounted a stepped-up campaign against it in the last week. The staffers have walked out, hung a banner f...
2019-09-13 21:00

Macron must not buckle on pension reform In Paris, protesters brought the French capital to a near standstill on Friday. They're furious over President Emmanuel Macron's pension reform program, and they're promising that larger protests will follow....
2019-09-13 21:00

Obituary: T. Boone Pickens, 1928-2019 The death last week of 91-year-old T. Boone Pickens, the southwest oilman, corporate raider, hedge funder, and philanthropist, reminds us that business tycoons in America used to be more interesting characters than they are now....
2019-09-13 10:16

U.S.-China rift gets a relationship status The Trump administration’s trade policy with China has gradually come to be associated with the phrase “decoupling.” The emergence of the phrase, which is generally used to mean a simple pullback in trade between the two countries, shows how far the ...
2019-09-13 10:16

Uber faces uphill legal fight against California law Uber's announcement that it would continue to classify its California drivers as contractors despite new state legislation classifying the workers as employees drew scoffs from labor law experts....
2019-09-13 04:16

'It's all gone to hell now': Fiscal hawks suffer their time in the wilderness For one night, Democrats and Republicans packed a Capitol Hill hotel Tuesday to celebrate a cause that has otherwise been abandoned in Washington: Fiscal conservatism....
2019-09-13 01:00

Trade talk thaw: Chinese companies renew soybean purchases Chinese firms reportedly bought more than 600,000 metric tons of U.S. soybeans on Thursday, the country’s largest buy overall since June. The purchases come amid other signs of a thaw in relations between the two countries ahead of trade talks set fo...
2019-09-13 01:00

Yes, Trump can use executive authority on capital gains indexing As expected, Congress’ summer break didn’t mean a letup in the never-ending debate about capital gains indexing — whether or not President Trump should (or even can) allow taxpayers to remove inflation when calculating their capital gains taxes. Nota...
2019-09-12 23:00

China seeks to narrow trade talks with US, put aside Huawei and security issues China will reportedly try to separate trade issues and national security ones from the upcoming round of negotiations set to begin in Washington, D.C....
2019-09-12 23:00

Occupational licensing reform is not a partisan issue You won't find President Trump agreeing with Hillary Clinton and Barack Obama on many issues, but the need for occupational licensing reform is one major exception. They, along with many other politicians and academics both Left and Right, have ident...
2019-09-12 23:00

Elizabeth Warren unveils Social Security plan to raise benefits by $200 via taxes on high earners Elizabeth Warren proposed a sweeping new plan to increase Social Security benefits by $200 per month and pay for it by raising taxes on high-income earners....
2019-09-12 23:00

Chinese spies use Hong Kong to steal sensitive Western technology Hong Kong’s special trade relationship with the United States has given China the opportunity to steal sensitive technology it would not otherwise have access to, according to American lawmakers and officials....
2019-09-12 23:00

Trump calls for Fed 'boneheads' to slash interest rates to zero President Trump on Wednesday continued his attacks on the Federal Reserve, calling the central bank and its chairman, Jerome Powell, “boneheads” and urging the central bank to cut interest rates to zero or set negative rates....
2019-09-12 11:00

California passes landmark bill to make Uber and Lyft drivers employees, not contractors The Democrat-led California legislature passed legislation on Wednesday that would require gig economy companies such as Uber and Lyft to stop classifying their workers as contractors rather than employees, a landmark bill that could set a precedent ...
2019-09-12 11:00

A working-class party will be a mostly nonwhite party Donald Trump in 2016 elicited eye-rolls from K Street Republicans and chuckles from self-satisfied liberals when he promised to make the Republican Party a working-class party. Then Trump went ahead and won Michigan, Wisconsin, Ohio, and Pennsylvania...
2019-09-12 11:00

Fed up ridesharing drivers nevertheless have questions about California legislative fix California’s passage of a bill to force “gig economy” companies such as Uber and Lyft to classify all workers as employees rather than contractors is drawing a wary and divided reaction from the drivers for those companies. Even those generally suppo...
2019-09-12 11:00

California Bill Makes App-Based Companies Treat Workers as Employees Legislation near final approval would affect drivers for ride-hailing services, food-delivery couriers, janitors and others now viewed as contractors....
2019-09-11 17:00

California Passes Landmark Bill to Remake Gig Economy With the bill’s passage, California’s ride-hailing drivers, food-delivery couriers, janitors and others are set to be reclassified as employees and not contractors....
2019-09-11 07:16

US job openings decline for second straight month U.S. job openings fell for a second straight month in July amid decreases in wholesale trade and the federal government, which could bolster economists' views that job growth has peaked....
2019-09-11 05:00

NLRB makes it easier for employers to change labor contracts without union permission The National Labor Relations Board, the main federal labor law enforcement agency, issued a ruling Tuesday that will make it easier for employers to alter provisions in a labor contract without the union's permission....
2019-09-11 00:48

The income inequality crisis that wasn’t Socialist senior citizen Bernie Sanders has regularly characterized supposedly rampant income inequality as the “defining crisis of our time,” and lamented throughout his presidential campaign that “the middle class of this country, over the last for...
2019-09-10 21:48

George Soros praises Trump's China policy but urges hard line on Huawei Liberal donor George Soros praised President Trump's policy on China Tuesday and warned against backtracking on it by granting Beijing concessions relating to the telecom company Huawei. Soros urged lawmakers to prevent Trump from using Huawei as a b...
2019-09-10 20:16

JPMorgan Chase unveils 'Volfefe Index' to measure impact of Trump's tweets From attacks on the Federal Reserve and its chairman Jerome Powell to boasts about the U.S. economy, it's no secret that President Trump's tweets have the power to move markets....
2019-09-10 05:48

For now, there’s no recession in sight When Friday’s employment report indicated that just 130,000 jobs had been added to the August workforce and that 25,000 of those were census workers, there were sighs of disappointment from those who expected to see better numbers....
2019-09-10 05:48

Federal budget deficit hits $1T through 11 months of 2019 fiscal year The federal government's budget deficit was over $1 trillion for the first 11 months of the 2019 fiscal year, the Congressional Budget Office estimated in a report released on Monday....
2019-09-10 05:48

Trump administration indicates migration deal to avoid Mexico tariffs is holding up The Trump administration indicated Monday that a deal it struck with Mexico in June to limit immigration in exchange for forgoing 5% tariffs on Mexican goods was holding up, signaling that it was unlikely to follow through with the levies....
2019-09-10 05:48

California Labor Bill, Near Passage, Is Blow to Uber and Lyft The companies seem to have fallen short in efforts to dodge legislation classifying many workers in the gig economy as employees and not contractors....
2019-09-10 04:48

Republicans don't want Mark Sanford, and his run for president is pointless Of all the reasons former South Carolina Rep. Mark Sanford could have given to run for president, he couldn’t have possibly picked a dumber one than “to further and foster a national debate.”...
2019-09-09 21:00

Warren’s vampire plan seeks to drive a stake through the heart of capitalism Elizabeth Warren, the 2020 Democrat presidential hopeful and former Harvard professor, believes private equity companies are parasites on the economy. The Massachusetts senator describes the business model of private equity firms as being “like vampi...
2019-09-07 21:48

US job growth likely slowed in August, but gains are enough to support the economy Nonfarm payrolls were expected to increase by 150,000 in August, while the unemployment rate was seen holding steady at 3.7%, according to economists surveyed by Dow Jones....
2019-09-07 04:32

August jobs miss expectations — Cramer and other experts on what this means It was a softer August job market than anticipated. CNBC's Jim Cramer and other experts lay out what it means for the Fed, the economy and markets....
2019-09-07 04:32

NLRB rules companies can bar nonemployee union activists from property The National Labor Relations Board, the main federal labor law enforcement agency, ruled Friday that businesses can ban nonemployee union activists from their property....
2019-09-07 03:00

Black unemployment rate hits record low The unemployment rate among black Americans hit a record low in August, closing in on the gap in unemployment rates between white and black Americans....
2019-09-06 23:32

Economy added 130,000 jobs in August, falling short of expectations amid recession fears The economy gained 130,000 jobs in August while the unemployment rate stayed at 3.7%, the Bureau of Labor Statistics reported Friday, a middling result that will do little to dispel worries that commerce is slowing but that suggest a recession is not...
2019-09-06 19:32

The jobs report is even weaker than it seems, shows an economy on tenterhooks at Trump's trade war On it's face, the August jobs report from the Bureau of Labor Statistics doesn't look too bad for the economy. The economy added 130,000 jobs, missing the 150,000 mark expected by economists. Unemployment is steady at an excellent 3.7%. But buried in...
2019-09-06 19:32

'Tempers are calmer now' in China trade talks, Kudlow says White House economic adviser Larry Kudlow said Friday that trade negotiations between the United States and China could show progress this month because both sides have pulled back following a period of heightened tensions....
2019-09-06 19:32

Full speed ahead for deregulation train Labor Secretary Patrick Pizzella knows he is likely to be demoted by the Trump administration before the end of the year, but doesn’t mind. He is, in fact, eagerly helping the process along by setting things up for his expected replacement, Eugene Sc...
2019-09-06 14:00

Rising retiree bankruptcies? It's a myth Do retirees face a crisis of rising bankruptcies? That’s what pretty much every major news outlet would have you believe. “The boomers going bust: why elderly bankruptcy is rising in America,” headlines a recent long-form article in the Financial Tim...
2019-09-06 14:00

It will take hometown heroes to fix broken towns EAST LIVERPOOL, Ohio — Greg Bricker is tired of his community looking through the rearview mirror to an idyllic past, rather than looking forward and trying to plot a better course....
2019-09-06 14:00

‘I Put My Own Life on Hold’: The Pain and Joy of Caring for Parents Readers shared their experiences of helping ailing relatives. For some, it brought crippling financial burdens and depression. Many also found moments of profound joy....
2019-09-06 12:00

Trump is hurting the military so he can build his ‘wall’ President Trump is wrong on both legal and policy grounds to divert $3.6 billion from already approved military construction projects for use instead in building his vaunted “wall” on the Mexican border....
2019-09-06 04:00

US weekly jobless claims increase marginally First-time claims for state unemployment benefits were expected to total 215,000 in the most recent week, in line with the prior week's number of claims....
2019-09-06 04:00

People hate Uber, but it's because of quality control, not politics Uber is reportedly in “crisis mode" as it works to piece back together its disintegrating reputation. But a Washington Post article from late last month gives every indication that it’s a lost cause....
2019-09-05 21:00

Northern Bahamas ravaged by 'disaster of epic proportions' as UN releases US$1 million in emergency funds Following the “terrible devastation” of parts of the northern Bahamas in the Caribbean caused by Hurricane Dorian,  Secretary-General António Guterres has said he “remains deeply concerned” for those thousands impacted by the giant storm. The UN's re...
2019-09-05 18:00

‘Digital divide’ will worsen inequalities, without better global cooperation Inequality will worsen unless the so-called “digital divide” – the gap between under-connected and highly digitalized countries – is not addressed, warns a new report released on Wednesday by the UN trade body, UNCTAD....
2019-09-05 12:16

Northern Bahamas ravaged by 'disaster of epic proportions' as UN releases $1 million in emergency funds Following the “terrible devastation” of parts of the northern Bahamas in the Caribbean caused by Hurricane Dorian,  Secretary-General António Guterres has said he “remains deeply concerned” for those thousands impacted by the giant storm. The UN's re...
2019-09-05 12:16

In a Tight Labor Market, a Disability May Not Be a Barrier To expand the pool of workers, companies are recruiting stay-at-home parents, retirees and people with disabilities. Will they keep it up if the economy sours?...
2019-09-05 11:48

‘They are riding a rubber ducky into alligator-infested waters’ Trump faces a contracting U.S. factory sector, a narrow path to trade victories and investors spooked by recession risks — all before an election year....
2019-09-05 03:00

Key Democrat says USMCA negotiation process 'not over yet,' could go into 2020 Connecticut Democrat Rosa DeLauro said Wednesday that the negotiations for the U.S.-Mexico-Canada Agreement on trade are "not over yet" and numerous key issues have yet to be resolved....
2019-09-05 00:32

Labor Department rehires staffer Bloomberg accused of anti-Semitism The Labor Department announced Wednesday that it was was rehiring Wage and Hour Division official Leif Olson, who resigned on Tuesday following a Bloomberg report alleging that he had written anti-Semitic posts on his Facebook account....
2019-09-05 00:32

Maryland state workers sue union, alleging it defied Janus ruling and coerced dues A group of 19 Maryland state employees have filed a class action suit against their union, American Federation of State, County and Municipal Employees Council 3, seeking $7 million in dues they claim was illegally taken from them....
2019-09-04 20:16

Fox Business host: 'Our economy is suffering' as a 'direct result' of Trump trade war with China Fox Business host Stuart Varney acknowledged that the United States economy is "suffering" as a "direct result" of President Trump's trade negotiations with China....
2019-09-04 20:16

End the 'robots are coming for your job' panic Robots and automation will destroy American jobs — it’s a worrying refrain we hear echoed by prominent figures in academia, the private sector, and the media alike. The Brookings Institution, the management consulting firm McKinsey & Company, labor l...
2019-09-04 18:48

Boston Fed president warns against cutting interest rates While President Trump has urged the Federal Reserve to slash interest rates to strengthen the economy, the head of the Federal Reserve Bank of Boston warned Wednesday further rate cuts could come at a cost....
2019-09-04 18:48

FROM THE FIELD: Balancing act for Philippines farmers An effort to reverse land degradation in the Philippines and boost sustainable agriculture as well as the livelihoods of farmers, is being supported by the UN Development Programme (UNDP)....
2019-09-04 18:48

Fed's Bullard says 'aggressive' step is needed to align Fed with markets, insure against trade war The U.S. Federal Reserve should cut interest rates to get ahead of both market expectations for a rate cut and a global trade war, St. Louis Federal Reserve President James Bullard said....
2019-09-04 18:16

Trump deputies study cutting taxes by indexing capital gains to inflation Several offices within the Trump administration are studying a policy that would lower taxes for investments such as stocks and real estate, according to a senior administration official....
2019-09-04 05:16

Fake NFL jerseys reveal the evils of Chinese counterfeit goods When the National Football League’s regular season kicks off this Thursday, millions of fans will wear their favorite teams’ jerseys to show their support. Not all jerseys are created equal, however....
2019-09-04 05:16

Reporters bash Bloomberg Law for story leading to resignation of Trump Labor appointee A number of reporters expressed their displeasure with Bloomberg Law after they published a story about an old Facebook post from a Trump Labor official that led to the person's resignation....
2019-09-04 05:16

U.S. Manufacturing Slowed in August in Latest Sign of Economic Weakness A key index fell to its lowest level since January 2016 as production managers said President Trump’s trade war with China was straining supply chains....
2019-09-03 21:16

Whatever America's energy future, our nuclear waste problem isn't going anywhere Electricity affects nearly every aspect of modern life, from the food supply to health, transportation, housing and emergency services. Lives depend on reliable access to electrical power and nuclear power plants generate a fifth of all U.S. electric...
2019-09-03 07:00

There is always dignity in work Part of what makes the United States unique is our celebration of this holiday on the first Monday in September. Only America and Canada have Labor Day today....
2019-09-02 09:48

Wisconsin Sen. Ron Johnson: Voters hurt by trade war sticking with Trump anyway OSHKOSH, Wisconsin — It’s just after 7:30 p.m. on a breezeless, sweltering August evening along Lake Winnebago. Sen. Ron Johnson has just returned home from Madison after spending the day at Epic listening to the healthcare software company express c...
2019-09-02 09:48

From coercion to corruption to collapse: The UAW's predictable demise The life cycle of labor unions is predictable, the late economist Sylvester Petro once wrote. Because they are born not out of mutual exchange, but out of state-backed coercion, American unions inevitably face eventual demise triggered by their own c...
2019-09-02 09:48

Trump China tariffs headed for rates comparable to Smoot-Hawley levies that worsened Great Depression The Trump administration is scheduled to raise tariffs on Chinese imports on Sunday to rates not seen since the notorious Smoot-Hawley tariffs enacted in 1930....
2019-08-31 09:00

US consumer spending jumps in July Consumer spending in the United States surged in July, according to new data released Friday, suggesting American households are playing a crucial role in ensuring economic expansion continues....
2019-08-31 03:00

Economy grew at 2.0% in second quarter, revised data show The U.S. economy grew at a 2.0% annualized rate in the second quarter of 2019, the Bureau of Economic Analysis reported Thursday in a second estimate of gross domestic product....
2019-08-30 13:32

Trumka says labor department nominee Scalia 'has only gotten worse' since Bush administration tenure AFL-CIO President Richard Trumka said the labor government would likely oppose President Trump's pick to be labor secretary, lawyer Eugene Scalia, arguing that the nominee has "only gotten worse" since his days as an agency official in the Bush admin...
2019-08-30 13:32

Even Harry Reid knows ‘Medicare for all’ is a disaster Former Senate Majority Leader Harry Reid of Nevada, recently made headlines for criticizing the "Medicare for all" proposal popular among Democratic presidential candidates. In an interview with Vice, Reid said that the proposal would be problematic ...
2019-08-30 13:32

Federal watchdog agency: Misclassifying workers as independent contractors is not a labor violation Misclassifying an employee as an independent contractor is not itself a violation of federal law, the National Labor Relations Board ruled Thursday in a victory for employers....
2019-08-30 13:32

‘Extinction crisis’ pushes countries to agree stronger protection for global wildlife At-risk wildlife that is facing a “growing extinction crisis” received a boost on Wednesday, as countries wrapped up a marathon meeting in Geneva, by agreeing to increased protection measures and more sustainable trade in animals and plants across th...
2019-08-29 05:48

NBC News can’t verify Lawrence O’Donnell’s bombshell Trump-Russia report MSNBC prime time host Lawrence O'Donnell was forced to add additional context to a bombshell claim he made in regards to Deutsche Bank's recent disclosures and its connection to President Trump....
2019-08-29 03:48

Lawrence O'Donnell says he made 'an error in judgment' by reporting unverified Trump-Russia bombshell MSNBC prime-time anchor Lawrence O'Donnell issued an apology for running with a single-sourced unverified claim about President Trump and Deutsche Bank....
2019-08-29 03:48

Here's one way San Francisco is a shining example San Francisco just proved that even under challenging conditions, a city doesn't have to sell its soul or sell out its taxpayers in order to broaden its tax base....
2019-08-28 11:00

Bernie Sanders seems to think socialism has reduced Chinese poverty; he's got it exactly wrong Bernie Sanders has a new hero. During an interview with Hill.TV, the Vermont senator claimed that despite China’s authoritarian tilt, the communist regime has made “more progress in addressing extreme poverty than any country in the history of the wo...
2019-08-28 09:32

No face-to-face trade talks announced for US and China, telephone talks limited The White House and Beijing have said they are engaged in negotiations over trade, but the current talks are taking place only over the telephone and appear to be limited. There have been no face-to-face meetings in a month, and none are scheduled be...
2019-08-28 09:32

Arun Jaitley, Bold Indian Finance Minister, Is Dead at 66 Working alongside Prime Minister Narendra Modi, Mr. Jaitley oversaw major economic experiments and earned respect in a fractured political landscape....
2019-08-27 21:32

Wyden says 'under no circumstances' should Trump host G-7 summit at his hotel Oregon Senator Ron Wyden said that "under no circumstances" should President Trump be allowed to host next year's G-7 summit at Trump National Doral golf resort in Florida, arguing that it would be an "egregious example of corruption."...
2019-08-27 21:00

Democrats oppose proposed Trump administration changes to apprenticeship laws A group of about 150 Democrats told the Trump administration Monday that it objected to proposed changes to federal apprenticeship programs, a key push by the White House. The lawmakers argued that the proposed changes would divert funds from existin...
2019-08-27 21:00

Jimmy Carter’s 1977 law gives Trump sweeping powers to block China trade Legal scholars and trade policy experts say that President Trump is right to claim broad powers to prohibit companies from trading with foreign countries thanks to a 1977 law that has previously not garnered much attention outside the context of nati...
2019-08-27 21:00

Former New York Fed president says central bankers should interfere with the 2020 election to oust Trump Want to know how to spot someone who was unaffected by the last recession? Look for the people who argue now that another economic disaster would be worth it if it means President Trump loses his 2020 reelection bid....
2019-08-27 21:00

Marginalized groups hit hardest by inequality and stigma in cities Millicent Auma Otieno, a Kenya-based human rights and community activist, campaigns on behalf of women and persons with disabilities who face stigmatization, as a result of cultural and religious beliefs.  In an interview with UN News, Ms. Otieno rei...
2019-08-27 11:16

Trump Can Battle China or Expand the Economy. He Can’t Do Both. The president says Americans must sever commercial dependence on China. He also says he wants powerful economic growth. The trade war threatens to force him to choose....
2019-08-27 01:00

Trump has considered higher tariffs on China, White House says The White House ratcheted up the trade war rhetoric with Beijing on Sunday by claiming that President Trump was considering placing even higher tariffs on Chinese goods. The comments were meant to clarify remarks made by Trump earlier Sunday in which...
2019-08-26 20:32

Olive Garden calls out fake claims they support Trump after boycott trends Olive Garden, the Italian American chain restaurant, was forced to defend itself against potential customer boycotts after a Twitter user claimed the company was funding President Trump's 2020 reelection campaign....
2019-08-26 20:32

Trump says trade fight with China is 'the way I negotiate' President Trump defended his negotiating approach with China and disputed that it caused uncertainty for the global economy, saying that the style had worked for him in the past and was working for the United States now....
2019-08-26 20:32

Trump’s trade wars risk global economic disaster With President Trump threatening large-scale trade wars against multiple trading partners simultaneously, it’s time to explain, in terms of cause and effect, just why trade wars are terrible for the United States and world economies. With such threat...
2019-08-26 20:32

'You bet': Boris Johnson vows to talk Trump down from trade war at G-7 Prime Minister of the United Kingdom Boris Johnson told reporters on Saturday that he intends to tell President Trump to deescalate his trade war with China during a planned Sunday meeting....
2019-08-25 12:32

'I was kidding, being sarcastic': Trump defends comment that he is 'the chosen one' President Trump tweeted in defense of his comment that he is 'the chosen one' during a Wednesday press conference while discussing the trade arrangements with China....
2019-08-24 18:48

Trump suggests Jay Powell is a 'bigger enemy' than Xi Jinping President Trump tore into the Chair of the Federal Reserve Jay Powell saying he potentially is a "bigger enemy" to the United States than the president of China....
2019-08-24 03:00

Dow drops 400 points after Trump ‘ordered’ US companies from China The Dow Jones Industrial Average slid more than 350 points in the minutes following a tweet from President Trump "ordering" U.S. companies to find suppliers out of China....
2019-08-24 03:00

Sensing vulnerability, China turns up the heat on Trump With its announcement on Friday of new 5-10% tariffs on $75 billion in U.S. goods, China is escalating pressure on President Trump. Xi Jinping senses that Trump is increasingly desperate for a trade deal. He believes he can cajole Trump into making a...
2019-08-24 03:00

Dow closes 600 points down as Trump tweets fan trade war The Dow Jones Industrial Average ended Friday down more than 600 points, about 2.4%, capping a daylong slide that started after President Trump directed U.S. companies to find alternatives to Chinese suppliers....
2019-08-24 03:00

Chamber of Commerce rebuffs Trump on China pullout The U.S Chamber of Commerce said Friday that President Trump's call for U.S. businesses to pull out of all trade with China was the wrong course. The nation's largest business trade association warned against any further escalation of rhetoric betwee...
2019-08-24 03:00

NLRB may change rule protecting profane speech by union activists The National Labor Relations Board may soon change the rules on how profane, verbally abusive, and racially insensitive labor activists can be and still be protected under the National Labor Relations Act. The board, the main federal labor law enforc...
2019-08-24 03:00

Business groups slam China tariff hikes and call for end to trade war escalation The business community slammed the White House's announcement Friday that it was hiking tariffs on Chinese goods. Trade associations said the continuing escalation of the U.S.-China trade war was benefiting no one....
2019-08-24 03:00

Record low unemployment no insurance against a recession With recession fears starting to haunt the 2020 election, the Trump administration is pointing to factors like the nation’s historically low unemployment rate to calm nerves. The problem with that argument, economists say, is that unemployment is a l...
2019-08-23 09:00

Reporter testing the 'availability of guns at Walmart' fails background check A senior correspondent for Business Insider investigated "the availability of guns at Walmart" by attempting to purchase a firearm, but proved unable to do so after failing a background check....
2019-08-23 00:16

Overstock CEO resigns after ‘deep state’ comments Patrick Byrne has resigned as the CEO of Overstock following comments he made about the “deep state,” and his relationship with Russian agent Maria Butina....
2019-08-23 00:16

US manufacturing sector contracts for first time in nearly 10 years U.S. manufacturing contracted in August for the first time in nearly a decade, the most recent indicator of the effect President Trump’s protracted trade war with China is having on the economy....
2019-08-23 00:16

Keep calm and trust in free-market democracy: Hong Kong shows how America can defeat China In our globalized economy, highly mobile capital works in favor of investors and consumers who value democratic protections. That dooms China's authoritarian model unless Beijing can force the world to submit to its peculiar form of feudal mercantili...
2019-08-23 00:16

Relentless sequence of disasters in Asia-Pacific ‘sign of things to come’, cautions UN regional body Changing patterns and worsening impacts of natural disasters in Asia and the Pacific, coupled with environmental degradation and climate change, are not only making efforts to predict such catastrophes more difficult, but are also a “sign of things t...
2019-08-22 21:48

Central Bankers Want to Keep Economies Growing, but Politicians Hold the Keys Top economists will meet in Jackson, Wyo., this week for a meeting sponsored by the Kansas City Fed. But politicians gathering in France hold the real keys to the economic future....
2019-08-22 19:48

Art Laffer warns on negative rates, saying he'd borrow as much as he could for no-interest "If I could borrow without paying any interest, or ever pay the money back, I would borrow as much as I could, too," the 'Trumponomics' co-author says....
2019-08-22 17:48

No mention of 'Medicare for all' from Warren or Sanders at union event Presidential candidates Elizabeth Warren and Bernie Sanders, speaking at an Iowa labor event for 2020 Democrats, both conspicuously omitted one of the most contentious issues of the 2020 primary: a total government takeover of the healthcare system....
2019-08-22 03:48

Democrats want to keep tariffs off EU olive oil Nineteen Democrats wrote U.S. Trade Representative Robert Lighthizer Wednesday to demand that the U.S. ensure that olive oil imported from Europe remain tariff-free....
2019-08-22 03:48

AFL-CIO's Trumka warns Democratic union endorsement not automatic AFL-CIO President Richard Trumka warned Democrats on Wednesday that they could not take union endorsements for granted and would have to meet a higher bar this election cycle to get them. The leader of the nation's largest labor federation also urged...
2019-08-22 03:48

Trump says he had to 'take China on,' regardless of the short-term impact on US economy President Donald Trump said he had to confront China over trade even if it caused short-term harm to the U.S. economy because Beijing had been cheating Washington for decades....
2019-08-22 00:00

CBO says Trump's tariffs hurting economic growth The nonpartisan Congressional Budget Office said Wednesday that the White House's trade policies, in particular its use of tariffs, has become a drag on economic growth and could cost families more than $500 a year....
2019-08-21 19:48

Boeing to hire 'few hundred' workers to support grounded 737 MAX Boeing needs a “few hundred” temporary employees to help oversee its grounded fleet of 737 MAX jets as the company works to return the planes to the skies....
2019-08-21 19:48

No mention of 'Medicare for all' from Warren at union speech Presidential candidate Elizabeth Warren, speaking at an Iowa labor event for 2020 Democrats, conspicuously omitted one of the most contentious issues of the 2020 primary: government-sponsored health care....
2019-08-21 19:48

Trump team braces GOP donors for a potential ‘moderate and short’ recession The White House is weighing cuts to corporate and payroll taxes, among other measures, to cushion the U.S. economy if an election-year recession hits....
2019-08-21 03:32

Don't worry, a recession is still unlikely The media tells us the yield curve is inverted and this means a recession is both certain and imminent. Every media outlet that's not for President Trump has been bouncing with glee to point it out to us. There is a point to the story too: An inverte...
2019-08-20 22:00

Trump risks reelection crown jewel with economic silliness President Trump's economic record should be the leading selling point in his reelection campaign, but Trump is risking that record with his increasingly erratic calls for populist inflationary policies....
2019-08-20 22:00

White House whiplash: Trump says he is considering payroll tax cut after spokesman denied it President Trump said Tuesday afternoon he is mulling a cut to payroll taxes to keep the U.S. economy firing, just hours after White house officials denied the idea was under consideration....
2019-08-20 22:00

Trump: Democrats would dump the Second Amendment President Trump Tuesday urged caution on gun control and suggested it was perilous to deal on the issue with Democrats, who he said would abandon the Second Amendment if they had the chance....
2019-08-20 22:00

Robert Shiller says the Fed's rate cut had the opposite intended effect, sparked recession alarm Nobel-winning economist Robert Shiller takes issue with the Federal Reserve's rate cut in July, saying it caused psychological harm to the markets....
2019-08-20 18:32

Empower states to lift people out of poverty Since President Lyndon Johnson declared a war on poverty in 1964, the federal government has spent $23 trillion attempting to alleviate poverty. Today, we spend almost $1 trillion annually on over 80 programs to help those in need....
2019-08-19 22:48

Farmers and ranchers caught in the middle of Trump’s trade wars The past few years have been trying times for America’s farmers and ranchers. As President Trump’s trade war with China drags on with no end in sight, the outlook for the American agricultural sector, deeply dependent on expanded market access abroad...
2019-08-19 22:48

Kellyanne Conway blasts journalists for only covering economy when the news is bad Kellyanne Conway condemned the media on Monday for ignoring good news about the American economy and focusing only on messages of gloom following growing warnings of a looming recession....
2019-08-19 22:48

Stephanie Ruhle: Recessions are 'okay' and a 'normal part of economic activity’ With many speculating and predicting another economic recession is in the near future, MSNBC anchor Stephanie Ruhle said on Monday while no president wants to be in office with such economic downturn, recessions are normal....
2019-08-19 22:48

Trump knocks Fed chairman and calls for rate cut President Trump on Monday continued his broadside against Federal Reserve Chairman Jerome Powell, saying he has a “horrendous lack of vision,” and calling for the central bank to cut its benchmark interest rate to strengthen the economy....
2019-08-19 22:48

'I plead guilty': Larry Kudlow admits he was wrong about 2008 recession NBC host Chuck Todd reminded White House economic adviser Larry Kudlow of his ill-fated prediction in 2007 that there was "no recession coming," as Kudlow praised current economic forecasts....
2019-08-18 20:32

Trump aides reportedly convinced him to delay Chinese tariffs by arguing they'd 'ruin Christmas' Trade advisers to President Trump ostensibly appealed to his softer side, suggesting that he delay planned tariffs on China that could "ruin Christmas."...
2019-08-18 10:48

Buying Greenland isn't a good idea — it's a great idea The reaction to President Trump's sudden interest in buying Greenland from Denmark has been mostly one of derision. And Denmark, which owns the territory, appears to oppose any sale....
2019-08-17 11:16

China softens stance on trade after saying it has to take counter-measures to US tariffs "We hope the U.S. side will meet China half-way, and implement the consensus reached by the two leaders during their meeting in Osaka," China's spokesperson at the foreign ministry Hua Chunying said....
2019-08-16 15:16

US weekly jobless claims rise more than expected First-time claims for state unemployment benefits were expected to total 214,000 for the most recent week, up slightly from the 209,000 claims reported for the previous week....
2019-08-16 15:16

Fed's Bullard says only a 'sustained' bond inversion would be a bearish signal The inversion of portions of the Treasury bond yield curve this week "would have to be sustained over a period of time" to be taken as a "bearish" signal for a U.S. economy, St. Louis Fed President James Bullard said....
2019-08-16 15:16

No, a European-style health system isn’t the answer As candidates for the 2020 Democratic nomination present their visions for “Medicare for all,” politicians on both sides of the aisle are increasingly looking to imitate Europe’s health systems to lower the cost of healthcare. But a European system w...
2019-08-16 14:48

China threatens retaliation, calls for US to 'meet it halfway' on trade Beijing claimed Thursday that the U.S.-proposed tariffs set to go into effect on Sept. 1 violated earlier agreements made by the two countries during their trade talks and vowed to take countermeasures should the U.S. follow through. The threat roile...
2019-08-16 14:48

Stephanie Grisham ridicules Scaramucci: 'His feelings just seem to be hurt' White House press secretary Stephanie Grisham slammed former staffer Anthony Scaramucci for his recent criticism of President Trump during her Wednesday night appearance on Eric Bolling's show....
2019-08-16 14:48

Trump lays the groundwork to avoid voters’ recession blame Between poor economic news coming out of China and Germany, the inversion of the yield curve, and trade negotiations with friend and foe alike that have no guarantee of ending positively, signs are mounting that next year’s economy might not be as up...
2019-08-16 14:48

Woke capitalism cowers to China Over at National Review, David French asks a question to which every humanist and freedom fighter in the western world wishes a resounding affirmative answer: If China cracks down on Hong Kong, will corporate America remember its morals?...
2019-08-16 14:48

Trump says he has 'no' fear China trade war could lead to recession President Trump said Thursday that he had no fear that Chinese economic retaliation in the ongoing trade war would lead to a recession in the U.S. He argued that China was unlikely to retaliate in the first place and it would do more damage to the it...
2019-08-16 14:48

Trump Labor nominee Eugene Scalia fought OSHA ergonomics rules from their beginning Trump labor secretary nominee Eugene Scalia fought Occupational Health and Safety Administration ergonomics regulations even before they were official....
2019-08-16 14:48

Economic Trouble Signs Hang Over Trump’s Trade War White House advisers discount warnings of a possible recession. But the president may be gambling that the Federal Reserve can ward off that prospect....
2019-08-16 12:48

US housing debt surges to $9.4T, topping record high from 2008 Residential mortgage debt in the U.S. reached a new high in the three months through June, topping a previous record during the height of the financial crisis....
2019-08-15 05:48

'I belong to me': What happens in Middle America when the pools, churches, and bars all close FAYETTE COUNTY, Pa. — Between Fayette Avenue and the Monongahela River in Fayette City used to be the local swimming pool. The old sign for Crystal Pool, with a Coca-Cola advertisement atop, still looms over the lot, which is now a junkyard....
2019-08-14 19:00

Trump delays new tariffs on Chinese phones, toys until mid-December The Trump administration will delay new tariffs on some Chinese imports until mid-December after widespread complaints from businesses and exempt other items because of health, safety, and national security concerns....
2019-08-14 16:16

China says trade talks will resume in two weeks Chinese and U.S. officials talked Tuesday and are scheduled to talk again in two weeks, Beijing's Commerce Ministry said Tuesday in a statement. The next talks will come just days before the United States' September deadline to institute new tariffs ...
2019-08-14 16:16

Uptick in inflation may ease Fed's worries about slowing US growth Consumer prices for urban shoppers, an inflation benchmark that covers nearly 90% of the U.S. population, climbed more rapidly last month, a shift that may ease Federal Reserve concerns about a slowing economy....
2019-08-14 16:16

Trump says he delayed China tariffs to protect Christmas shoppers President Trump on Tuesday said that this administration would hold off on 10% tariffs on some Chinese goods until after the Christmas shopping season. The announcement came the day the U.S. Trade Representative's Office was set to release a list det...
2019-08-14 16:16

Barstool Sports founder draws ire of AOC and unions for vowing to 'crush' union Barstool Sports founder Dave Portnoy drew criticism from leading labor groups and Democrats for warning his employees against unionizing, vowing that if they did form a union, he would "crush it and reassert my dominance."...
2019-08-14 16:16

Tariff postponements prove Trump 'doesn't care' about changing China, Wyden says Top Senate Finance Committee Democrat Ron Wyden said Tuesday that President Trump's move to temporarily exclude certain Chinese products from tariffs demonstrates that he isn't interested in forcing China to change its policies. The administration an...
2019-08-14 16:16

Christmas in August: Trump delays China tariffs for ornaments, sweaters, mittens, and Santa beards President Trump said Tuesday that the White House was delaying implementing 10% tariffs on some Chinese goods in order to not disrupt the fall and winter holiday shopping season. Later that day, the U.S. Trade Representative's Office showed just how ...
2019-08-14 16:16

'I belong to me': What happens in Middle America when the pools, churches, and bars all close. FAYETTE COUNTY, Pa. — Between Fayette Avenue and the Monongahela River in Fayette City used to be the local swimming pool. The old sign for Crystal Pool, with a Coca-Cola advertisement atop, still looms over the lot, which is now a junkyard....
2019-08-14 16:16

The CBO sounds another spending alarm Just 10 months into the fiscal year, our budget deficit has already surpassed the totality of that of 2018. Currently at $867 billion, the federal government's 2019 budget deficit is slated to surpass the $1 trillion mark....
2019-08-14 10:00

Schumer will ask Trump to divert wall funding to combat gun violence and white supremacy Senate Minority Leader Chuck Schumer plans to ask the Trump administration to divert a $5 billion wall funding allocation to programs aimed at ending gun violence and “violent white supremacist extremism.”...
2019-08-14 10:00

U.S. to Delay Some China Tariffs Until Stores Stock Up for Holiday Shoppers The office of the United States trade representative said it would push off imposing new tariffs on cellphones, laptop computers, toys and other goods until Dec. 15....
2019-08-13 18:00

Martin O’Malley is wrong: city government is out of control To some people, decades of waste, inefficiency, and failed ambition across government is somehow evidence that the public sector isn’t proactive enough in spending taxpayer dollars....
2019-08-13 11:16

California’s nanny state politicians might kill off Uber Uber has revolutionized the transportation industry, created a gig economy for part-time flexible employment, and improved the lives of millions of Americans....
2019-08-12 22:48

Labor Department sends White House proposal for limited overtime expansion The Labor Department sent a proposed rewrite of the federal regulations covering overtime to the White House Monday for final approval, according to Trump administration officials....
2019-08-12 22:48

The Trump recession could be right around the corner The signs of health risks for the U.S. economy suddenly are everywhere. And President Trump’s prescriptions for prevention would actually be poison for the patient....
2019-08-12 22:48

China's success is a story of capitalism eradicating poverty China gave birth to several products that helped change the course of history, such as gunpowder, the compass, and paper money. But its greatest gift to the world has been something different: Setting an example of how capitalist economic policies ca...
2019-08-12 09:00

‘We are facing a learning crisis’, UN chief warns on International Youth Day Schools are “not equipping young people with the skills they need to navigate the technological revolution”, UN Secretary-General António Guterres warned, in a message released to mark the UN’s International Youth Day....
2019-08-12 04:32

Trump labor nominee Eugene Scalia played key role changing rules on tipping President Trump’s nominee to head the Labor Department, private sector lawyer Eugene Scalia, had a key role in one of the most controversial issues in workplace law in recent years: control over the tips workers receive from customers. Scalia, son of...
2019-08-11 06:48

Trump tariff tweets thicken fog of trade war for farmers and retailers The trade war that President Trump is waging with China was burden enough for the Midwest farmers who helped put him in the White House, forcing some to have awkward conversations with lenders and others all the way into bankruptcy....
2019-08-11 06:48

HBO's Maher prefers recession to Trump victory in 2020 HBO host Bill Maher has doubled down on his assertion that an economic recession in the United States would be welcomed if it stopped President Trump from being reelected in 2020....
2019-08-10 22:00

Trump 'not ready' to deal with China, says September talks may be canceled President Trump said he was "not ready" to make a deal with China on trade and that a planned September meeting between White House officials and Beijing could be called off....
2019-08-09 19:32

Trump China currency manipulator designation met with congressional silence, including from Democrats who'd long sought it President Trump's designation of China as a currency manipulator has drawn virtually no reaction from members of Congress, even though a number of lawmakers have pressed for years such a move....
2019-08-09 06:16

Biden's stark trade reversal Democratic presidential candidate Joe Biden was once one of the most ardent cheerleaders for the Trans-Pacific Partnership, a 12-nation trade deal that President Obama helped to negotiate but failed to implement....
2019-08-09 06:16

On deregulation, Walker's Wisconsin showed the way Before Gov. Scott Walker took office, Wisconsin was suffering from a bloated government that needed to be pared back and an economy that needed to be put back together. According to the Bureau of Labor and Statistics, the unemployment rate had reache...
2019-08-09 06:16

Pelosi leads delegation to Central America Speaker Nancy Pelosi and a dozen Democrats are traveling this week to Guatemala, El Salvador, and Honduras, where living conditions are prompting hundreds of thousands of people to seek asylum in the United States....
2019-08-09 03:00

Businesses say they're running out of wiggle room in coping with Trump tariffs Business groups are warning Washington that adding further tariffs on imported Chinese goods will start having noticeable negative effects on the economy....
2019-08-08 00:48

Trump reaching limit on China tariffs — but has other tools President Trump has nearly reached the limit in terms of what he can do with tariffs as part of the trade war with China and would have to use other tools to increase pressure....
2019-08-07 10:16

Kudlow says China trade talks still on, more farm aid possible White House economic adviser Larry Kudlow said Tuesday that despite the recent escalation in the trade war with Beijing, the Trump administration remained open to negotiations and could again halt the proposed tariffs on $300 billion worth of Chinese...
2019-08-06 23:32

Former Fed leaders fight Trump's attempts to influence central bank Four former Federal Reserve leaders are stressing the importance of an independent central bank in maintaining economic stability as President Trump attempts to influence its current chief through barbed public statements and Twitter posts....
2019-08-06 23:32

Runaway Amrock verdict shows the dangers of letting trade secrets overtake patents Sometimes, a trade secret is the only way to go. It’s understandable that companies like Kentucky Fried Chicken, Coca-Cola, and Bush’s Baked Beans want to keep their recipes secret without filing a patent, which would mean their recipes eventually be...
2019-08-06 23:32

Economic prospects are dimming, and voters will notice From all indications, economic growth over the next year will be slower than in the last year. In July, citing trade-war weakness, the International Monetary Fund cut its 2019 growth estimate for the world economy from 3.3% to 3.2%, though it does ex...
2019-08-06 23:32

Help African farmers cope with climate change threats, UN food agency urges African farmers need help to cope with the threats of climate change, with national policies that protect them and make them resilient, the UN Food and Agriculture Organization, FAO, has declared, following a major conference on food security in the ...
2019-08-06 18:32

China suspends purchases from US farmers as trade war heats up Beijing's Commerce Ministry announced Monday that it had stopped buying U.S. agricultural goods in retaliation for the Trump administration's decision last week to enact new tariffs on $300 billion worth of Chinese goods....
2019-08-06 08:32

Treasury Department designates China as a currency manipulator The Treasury Department announced Monday that it would designate China as a currency manipulator, reversing an earlier position by the Trump administration that Beijing's actions didn't meet the technical definition....
2019-08-06 08:32

A tariff-hungry Trump is risking his economic successes Friday's jobs numbers, positive figures pointing to the creation of 164,000 net new jobs in July, serve as a reminder that President Trump still has a very good thing going for him with this economy....
2019-08-05 08:16

As Mortgage-Interest Deduction Vanishes, Housing Market Offers a Shrug President Trump’s tax cuts encouraged homeowners to stop deducting mortgage interest on their taxes, and there is no sign the change has brought down home prices....
2019-08-05 03:48

Factories can't keep July sizzle unless US solves trade issues U.S. manufacturers added 16,000 workers in July, the most of any month since January, but they won't be able to keep up that momentum unless Washington resolves the trade issues keeping company executives awake at night....
2019-08-04 06:16

Heat stress spike predicted to cost global economy $2.4 trillion a year An increase in heat stress at work linked to climate change is set to have a massive impact on global productivity and economic losses, notably in agriculture and construction, UN labour experts said on Monday....
2019-08-04 02:32

Business groups warn new Trump China tariffs threat hurts ability to plan President Trump’s threat to put tariffs on $300 billion worth of Chinese goods has hurt businesses' ability to plan, trade groups say, even though the tariffs are at least four weeks away and trade talks are ongoing....
2019-08-03 12:16

A pro-growth carbon tax could lower the payroll tax rate The demand for climate change action is growing, prompting many conservatives to look for policies to address climate change while holding true to the conservative values of free markets, limited government, and fiscal responsibility....
2019-08-03 12:16

Chamber of Commerce slams new Trump tariffs on China The Chamber of Commerce, the nation's largest business trade federation, slammed President Trump's announcement that he would enact tariffs on an additional $300 billion worth of Chinese goods, arguing that it would "undermine" the U.S. economy....
2019-08-02 23:00

The Fed cuts rates and the tariff man tweets: Is the recession threat real? The latest 25 basis point interest rate cut by the Federal Open Market Committee came with the yawn it deserved, though it was one of the most anticipated cuts in recent Fed history. While the small cut did nothing to excite Wall Street and did even ...
2019-08-02 23:00

Trump 'only kidding' about 25% tariffs on EU cars President Trump announced Friday that he had struck a deal with the European Union to put a 25% tariff on its car imports, then followed that by saying, "only kidding."...
2019-08-02 23:00

Pride Flags and Rate Cuts: Fed Loosens Up to Connect With Average Workers As part of a broader evolution, and as it moves to stave off a possible slowdown, the Federal Reserve is focusing on transparency, inclusiveness and a greater responsiveness to ordinary people....
2019-08-02 17:16

Trump's new tariffs on China might shrink the global economy, says bank CEO "It's not good for Asia's economy, it's not good for China, but it's also not good for the U.S., because ultimately, we are not able to utilize the efficiencies that each of the economies are able to offer," says OCBC's chief...
2019-08-02 16:48

Trump administration giving hi-tech visas new scrutiny The administration began rejecting more visa extensions for immigrants with high-tech or other specialized skills, a little-noticed policy change that will put the brakes on migration....
2019-08-02 07:16

Big business virtue signaling is bombing with consumers Business credibility is in the tank. Results of a recent Pew Research survey depict a society-wide erosion of trust — especially for business leaders and elected officials. Only 46% of adults categorized as “medium trusters” (respondents were divided...
2019-08-02 07:16

Trump says no trade at all with China 'would be fine with me' President Trump defended his move to slap tariffs on an additional $300 billion worth of Chinese goods by saying that he would be fine if all trade between the U.S. and China came to an end....
2019-08-02 04:16

Cryptocurrencies get pinched by the IRS One perennial challenge faced by tax policymakers and regulators is that the real world changes much faster than laws and tax rules do. The latest sign of that cropped up last week, as the IRS announced it was sending 10,000 “educational letters” to ...
2019-08-02 04:16

Trump's China tariff hike draws mixed reception from lawmakers President Trump's surprise Thursday announcement that he would place tariffs on $300 billion worth of Chinese goods drew mixed reaction from Senate lawmakers....
2019-08-02 04:16

Trump accuses China of backtracking on trade and promises to add tariffs next month President Trump said Thursday that he would place tariffs of 10% on $300 billion worth of Chinese goods starting in September, claiming that China was refusing to live up to prior promises made in the trade talks....
2019-08-01 22:16

The Fed should stop its interest-rate games Rather than try to figure out which placebo will best assuage the delicate psychologies of day-traders, the Federal Reserve Board should announce it anticipates a long, long pause in any interest-rate manipulation....
2019-08-01 22:16

Trump needs to shift his focus to black jobs, not jabs Vice President Mike Pence told reporters in Ohio this week, "I couldn't be more proud of what we've been able to do for the African American community in this country. ... We have the lowest unemployment ever recorded for African Americans. We have m...
2019-08-01 13:16

Boris Johnson's Big Tech tax risks souring his friendship with Trump When France imposed a new digital services tax on Silicon Valley’s biggest companies, President Trump responded in kind, threatening a tariff on the country's wines....
2019-08-01 13:16

Economic uncertainty, geopolitical tensions stall growth in Latin America and Caribbean region, UN says Citing “an external context of greater uncertainty and growing complexity”, the head of the UN Economic Commission for Latin America and the Caribbean (ECLAC), said on Wednesday that the region’s economic growth is expected to decline. ...
2019-08-01 09:16

Biden now opposes Trans-Pacific Partnership that Obama administration pursued Democratic presidential candidate Joe Biden said Wednesday that he now opposes the Trans-Pacific Partnership, a 12-nation trade deal for which the Obama administration sought congressional approval. Biden, then vice president, was involved in lobbyin...
2019-08-01 04:48

Union use of inflatable rats may be curtailed The National Labor Relations Board, the federal government’s main labor law enforcement agency, may limit a favorite tactic unions employ against employers: inflating giant rats and cats and leaving them in front of work sites....
2019-08-01 03:48

Paul: Big budget deal marks 'death of tea party' Sen. Rand Paul, who was first elected in 2010 as a one of the original tea party candidates, declared the movement dead on Wednesday, citing a massive budget deal poised for passage Thursday....
2019-08-01 02:48

Republican Hawley introduces bill to weaken dollar to counter China Republican Josh Hawley and Democrat Tammy Baldwin introduced Senate legislation Wednesday to have the Federal Reserve weaken the dollar to promote exports, a move they said is necessary to counter China and other countries with unfair trade practices...
2019-07-31 23:16

Thursday’s Daily Brief: Somalia bombing condemned, as UN expert calls for more international help; Africa faces locust swarms; new leaders for UN atomic watchdog and top economic body Our main stories today: senior UN officials condemn attacks on Somalia capital, and call for continued international support; the International Atomic Energy Agency and UN’s Economic and Social Council welcome new leaders; and the Food and Agricultur...
2019-07-31 21:32

Monday’s Daily Brief: Nigeria massacre, Libya shelling condemned; recycled plastic used to build classrooms in Côte d’Ivoire Our main stories today: UN chief and senior UN official condemn the ‘terrible massacre’ in Nigeria that left some 65 dead, and the shelling of a hospital in Libya that killed medical workers; UN Secretary-General António Guterres reacts to a deadly l...
2019-07-31 21:32

Southwest Airlines to Leave Newark Airport as Toll of Boeing’s 737 Max Grounding Grows The carrier also said its profits were down about $175 million in the second quarter because of the troubled jet’s inability to fly after two deadly crashes....
2019-07-31 20:48

A Recession Is Coming (Eventually). Here’s Where You’ll See It First. Economists don’t know when the decade-long expansion, now the longest in American history, will end. But here are the indicators they will be watching to figure it out....
2019-07-31 20:48

U.S. and China Resume Trade Talks Amid Dim Prospects for Deal American officials are playing down the likelihood of an agreement as they restart negotiations with their Chinese counterparts in Shanghai this week....
2019-07-31 20:48

Where Floods of ‘Biblical Proportion’ Drowned Towns and Farms Floodwaters swamped more than half a million acres of forest and farmland in the lower Mississippi Delta more than six months ago, gulping up highways and homes, livestock and tractors....
2019-07-31 20:48

Fed Cuts Interest Rates for First Time Since 2008 Crisis The Federal Reserve cut its benchmark interest rate a quarter point as it tried to insulate the economy from President Trump’s trade war and a global slowdown....
2019-07-31 20:48

Massive spending deal poised for House passage Thursday House Democrats plan to call up a two-year deal to lift federal budget caps and suspend the debt ceiling and they say they’ve got the votes to pass it, despite criticism from conservatives....
2019-07-31 20:16

McConnell urges Republicans: Hold your nose and pass budget deal Majority Leader Mitch McConnell urged Senate lawmakers to pass a massive federal spending and borrowing deal as Republicans registered their opposition to the measure....
2019-07-31 20:16

Sen. David Perdue: A 'no' vote on the budget deal is a vote for more spending When President Trump set out to negotiate a budget deal, he had two primary goals: continue to reduce discretionary spending as a percentage of the economy and fully fund our military....
2019-07-31 20:16

Bernie's campaign union strife is what he proposes for the whole country For many conservatives, the labor struggles of socialist Sen. Bernie Sanders are greatly amusing. The senator has never seen a favor to Big Labor that he didn’t support, yet his presidential campaign staff complain to the press about their working co...
2019-07-31 20:00

GOP lawmaker blocked restrictions on lenders near military bases while wife worked for bank lobby A powerful, long-serving Republican congressman blocked a federal crackdown on predatory lenders targeting military members while his wife was working for a firm that lobbied for one of the nation’s top lender trade associations, according to financi...
2019-07-31 20:00

Trump administration moves to broaden access to 401(k) plans for small businesses The Trump administration announced a new federal rule Monday intended to expand worker access to 401(k) retirement plans. The rule explicitly approves Association Retirement Plans, expanding and simplifying the ways small businesses and other groups ...
2019-07-31 20:00

Warren promises bigger role for liberal groups in setting trade policy Elizabeth Warren promised Monday that she would make federal trade policy more transparent and give a bigger role labor and environmental groups in setting the policy. The top contender for the Democrat's 2020 presidential nomination said the change ...
2019-07-31 20:00

Harris announces 'landmark bill' with AOC to fight 'environmental injustice' Sen. Kamala Harris announced she was teaming up with Rep. Alexandria Ocasio-Cortez to make sure the Green New Deal would lift up low-income communities, people of color, and indigenous communities....
2019-07-31 20:00

Trump administration overtime rule revamp expected in early fall The Trump administration's controversial revamp of federal overtime rules, which is expected to cover fewer workers than a version of the rule advanced by the Obama administration, will be announced in the early fall, according to a Labor Department ...
2019-07-31 20:00

Aid to make up for Trump trade wars mostly going to largest farmers More than half of the $8.4 billion in aid the U.S. Agriculture Department has given out to compensate for disruptions caused by President Trump's trade wars, about $4.5 billion, has gone to the largest 10% of farms, according a study by the Environme...
2019-07-31 20:00

Sen. Sinema and fellow corporate-welfare fans try to ramp up the Export-Import Bank Corporate welfare is on the march on Capitol Hill. A bipartisan posse of lawmakers has proposed a bill to expand the Export-Import Bank (a federal agency that subsidizes exports) and limit its accountability, all without providing an iota of reform....
2019-07-31 20:00

CNN analyst: Liberal Democrats proposing 'voodoo economics' Following the first night of the Democratic debates in Detroit on Tuesday, CNN analyst Gloria Borger offered front-runner Joe Biden advice ahead of his Wednesday night appearance....
2019-07-31 20:00

White House says latest China trade talks were 'constructive,' but no breakthroughs U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin concluded two days of "constructive" trade talks with Beijing officials in Shanghai Wednesday, the White House announced, the first such high-level talks since a breakd...
2019-07-31 20:00

US weekly jobless claims fall to a 3-month low The number of Americans filing applications for unemployment benefits unexpectedly fell last week, pointing to continued strong labor market conditions....
2019-07-31 18:48

Hedge fund manager Kyle Bass says a US-China trade deal can't be reached Hedge fund manager Kyle Bass is doubtful a trade deal between the U.S. and China can be reached and believes rate cuts are less effective these days....
2019-07-31 18:48

Fed expected to cut rates as economy feels trade war impact, despite strengthening consumer The Fed is expected to cut interest rates Wednesday, after second quarter GDP shows inflation is still sluggish and trade wars are impacting business....
2019-07-31 18:48

Strong consumer spending vs. weak business investment: What really matters for the US economy U.S. consumer spending, the biggest part of the economy, saved the day for the record-long expansion, but a big decline in business investments raised concerns about how much longer it can last....
2019-07-31 18:48

Trade jitters running high at American companies ahead of new US-China talks Worries about the U.S.-China trade war are running high during the current U.S. quarterly reporting season, with tariffs mentioned in about a third of conference calls held by S&P 500 companies reporting their quarterly results....
2019-07-31 18:48

US consumer spending, prices rise moderately U.S. consumer spending and prices rose moderately in June, pointing to slower economic growth and benign inflation that could see the Fed cutting rates for the first time in a decade....
2019-07-31 18:48

China trade talks to start next week, Mnuchin says Treasury Secretary Steven Mnuchin said Wednesday that he will travel to China next week with U.S. Trade Representative Robert Lighthizer to resume talks with Beijing on an eventual trade deal, the first high-level talks since President Trump's meetin...
2019-07-25 08:16

House approves loan program for troubled pension plans The House voted 264-169 on Wednesday to pass legislation that would create a new Treasury Department agency to provide taxpayer-backed loans to endangered multiemployer pension plans and some other types of endangered plans....
2019-07-25 08:16

Labor secretary nominee Eugene Scalia faces conflict of interest problem in labor lawyer brother Labor secretary nominee Eugene Scalia may be obligated to recuse himself from some agency litigation, ethics experts say, because his younger brother John is a high-profile management-side lawyer involved in cases before the agency....
2019-07-25 08:16

A conservative case for a war tax Conservatives are always hesitant to support new taxes. For one thing, we have a deeply nonsensical, overcomplicated tax regimen already, where too many people are charged too much with too little of a return. Since taxes are fungible, adding new mon...
2019-07-25 08:16

Switzerland ranked as most innovative country in new UN report The World Intellectual Property Organization, WIPO, named Switzerland as the world’s most innovative country on Wednesday, during the launch of its latest Global Innovation Index, (GII) in the Indian capital New Delhi....
2019-07-24 23:00

Wednesday’s Daily Brief: Switzerland leads on innovation, UNICEF ‘lifelines’ for Yemen, Ebola latest, Liberia peacekeepers Our main stories today: the latest Global Innovation Index ranks Switzerland the world’s most innovative country, the head of the UN Mission in DRC warns of a ‘deadly environment’ for health workers, UNICEF delivers cash for 9 million vulnerable Yeme...
2019-07-24 23:00

Justice Scalia's most lasting legacy could be his children In a 30-year career on the Supreme Court, Justice Antonin Scalia authored more than 800 opinions, forming the basis for the conservative originalist view of the Constitution. But an equally lasting legacy may turn out to be his family. The justice, w...
2019-07-24 18:48

Dear 2020 Democrats: Small business is doing just fine right now For many people, the economy is, at this very moment, stronger than it has been at any other point in their life. The unemployment rate is hovering near its lowest point in 50 years, showing that nearly everyone who wants a job already has one. Wages...
2019-07-24 18:48

The budget agreement is a huge win for Trump's pro-life policies President Trump and congressional leaders reached a sweeping bipartisan budget on Monday to suspend the debt ceiling and increase federal spending limits. Fiscal hawks concerned with unmanageable government spending are right to be concerned. But the...
2019-07-24 07:32

Trump's reckless budget deal with Pelosi provides opening for Mark Sanford primary challenge In joining forces with House Speaker Nancy Pelosi on a budget deal that would raise the debt ceiling and boost spending by $340 billion above hard-fought for limits, President Trump not only has obliterated the legacy of the Tea Party, but he has cre...
2019-07-24 07:32

Congress clears permanent funding for Sept. 11 victims fund The Senate cleared legislation Tuesday to permanently authorize a Sept. 11 victims compensation fund, rejecting GOP amendments to put limits on the funding and to pay for the measure, by a vote of 96-2....
2019-07-24 07:32

Pelosi urges fellow Democrats to back bipartisan spending deal House Speaker Nancy Pelosi urged rank-and-file Democrats to support a bipartisan deal to dramatically raise federal spending caps and suspend the debt ceiling....
2019-07-23 20:00

Boris Johnson needs Trump in order to succeed Entering No. 10 Downing Street as prime minister on Wednesday, Boris Johnson will finally attain his lifelong ambition. But he faces many challenges — challenges that President Trump can help him overcome....
2019-07-23 20:00

Trade war coming down to US easing up on Huawei and China buying agricultural products Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce....
2019-07-23 18:32

Trump announces bipartisan budget agreement, would raise spending by $320 billion After negotiations with both Republican and Democratic leaders in Congress, President Trump announced the parties had come to a compromise on a two-year budget agreement....
2019-07-23 01:16

Elizabeth Warren is not wrong about our impending economic crisis, it's just her solutions that miss the mark Sen.Elizabeth Warren has touted plenty of awful plans in her bid for the presidency, attempting to marry expansive and socializing economic policies with the nationalist rhetoric that clinched the Electoral College for President Trump. But while her ...
2019-07-22 23:32

Elizabeth Warren predicts economic recession 'maybe even by the end of 2020' Elizabeth Warren issued a stark warning about the economy as she rolled out a slew of proposed regulations and trillion-dollar investments amid concerns the country faces a coming recession....
2019-07-22 22:16

Blame for bad budget belongs with Trump’s border bluster If the emerging Capitol Hill budget deal is “the worst in history,” as one watchdog group calls it, a large part of the fault lies with President Trump’s inept “government shutdown” over funding for a border wall last winter....
2019-07-22 21:48

Five reasons the Trump tariffs hurt the US At the G-20 summit, President Trump did an about-face and reopened negotiations with Chinese President Xi Jinping. He held off on levying additional tariffs on $300 billion more in Chinese imports, meaning that American businesses can breathe a sigh ...
2019-07-22 08:32

Eugene Scalia, Trump's labor nominee, frustrated Obama's agenda with mastery of legal minutiae President Trump’s nomination of Eugene Scalia to lead the Labor Department would put one of the private-sector attorneys most responsible for frustrating the Obama administration’s labor policy agenda in charge of the current administration’s agenda....
2019-07-20 09:48

Rep. Dusty Johnson: Madam Speaker, bring USMCA to the floor ASAP Both in South Dakota and in Washington, I repeatedly hear the same thing: Support free trade but hold bad actors accountable. As Americans, our innovation and ambition has allowed us to compete and succeed in a global market, but the playing field sh...
2019-07-19 19:16

Sanders campaign roiled by complaints it's paying less than $15 an hour to staffers Bernie Sanders' 2020 presidential bid is reportedly going through internal turmoil over staff complaints that the campaign isn't paying the equivalent of the $15 an hour wage that Sanders has backed as a federal minimum....
2019-07-19 19:16

Foreign-Owned Banks’ Results Could Sweeten Further Under Tax Law Large U.S. financial institutions reaped a windfall from the 2017 Trump tax cuts. Now foreign banks are pushing for favorable treatment from Treasury....
2019-07-19 12:16

Battle for union members goes to the states The Supreme Court’s 2018 Janus v. AFSCME ruling, expected to be a major blow to public sector unions, has set off a battle at the state level between government unions and conservative groups over for workers' hearts and minds....
2019-07-19 06:00

Trump Plans to Nominate Eugene Scalia for Labor Secretary Job Mr. Scalia, the son of Antonin Scalia who worked in the Bush administration, is expected to bring a pro-business approach and stability to the Labor Department....
2019-07-19 02:16

Slowing growth in home prices aggravates recession worries Growth in home prices, the main source of wealth for most Americans, is shrinking, fueling concern that the longest economic expansion in U.S. history is nearing an end....
2019-07-18 21:00

House votes to double federal minimum wage to $15 per hour The Democrat-led House voted to raise the federal minimum wage to $15 per hour, more than double the current rate of $7.25, and the first proposed increase in a decade....
2019-07-18 21:00

Asia and Pacific on course to miss all Sustainable Development Goals, says UN region chief Unless progress is accelerated, Asia and the Pacific are on course to miss all of the 17 Goals of the UN’s 2030 Agenda for Sustainable Development, the Executive Secretary of the UN regional commission for Asia and the Pacific (ESCAP), told UN News a...
2019-07-18 17:32

Chamber faces conservative backlash for pushing minimum wage compromise Conservative groups are arguing that the Chamber of Commerce made a strategic mistake by suggesting a compromise with congressional Democrats on raising the minimum wage....
2019-07-18 06:16

DR Congo Ebola outbreak now a Public Health Emergency, UN health agency declares The second worst Ebola outbreak of all time, in the Democratic Republic of the Congo (DRC), was officially declared a Public Health Emergency of International Concern on Wednesday, with the head of the World Health Organization calling for countries ...
2019-07-17 22:32

Trump's Cabinet and the true cost of high turnover With the departure of Alexander Acosta as labor secretary, President Trump now owns the record for the highest turnover in his first two and a half years than his five immediate predecessors did in their first term....
2019-07-17 05:00

Will Congress put three people out of work for each one it helps? Should the national minimum wage be raised gradually from the current $7.25 per hour to $15 per hour by 2025, as proposed by the Raise the Wage Act? The Congressional Budget Office has shed some new light on the debate surrounding this high-profile b...
2019-07-17 04:00

House to vote on $15 federal minimum wage Thursday The House of Representatives will vote Thursday on legislation to raise the federal minimum wage to $15 an hour by 2026, more than double the current rate of $7.25 an hour. The legislation, titled the Raise the Wage Act, is unlikely to be picked up b...
2019-07-17 04:00

Want to See What’s Next for the Economy? Try This. Would you like to know what the health of the economy will be like months ahead of time? This rarely discussed "economic indicator" has a history of serving as a useful guide. See for yourself......
2019-07-16 22:32

Over 820 million people suffering from hunger; new UN report reveals stubborn realities of ‘immense’ global challenge After nearly a decade of progress, the number of people who suffer from hunger has slowly increased over the past three years, with about one in every nine people globally suffering from hunger today, the United Nations said in a new report released ...
2019-07-16 08:48

Monday’s Daily Brief: numbers of hungry people rising, millions of children need vaccines, Mali children need more protection In today’s Daily Brief: achieving zero hunger an “immense challenge”, with numbers of hungry rising; 20 million children are missing out on potentially life-saving vaccines, the killing of health workers in DR Congo shows the need for a stronger Ebol...
2019-07-16 08:48

Trump may leave Pizzella 'acting' labor secretary to avoid Senate fight President Trump has given little indication that he intends to formally nominate Deputy Labor Secretary Patrick Pizzella to replace departing Labor Secretary Alexander Acosta. Instead, he appears to be willing to leave Pizzella in place for the fores...
2019-07-16 03:32

Jerome Powell should tread cautiously with real-time payments proposal Facebook’s proposed digital currency Libra got most of the attention during Federal Reserve Board Chairman Jerome Powell's appearances before Congress last week, but a related topic looms even larger on the chairman’s plate. In the coming weeks, Powe...
2019-07-16 03:32

2020 Democrats have all the wrong ideas for the budget It’s no secret that the two dozen or so 2020 Democratic presidential candidates are promising a slew of new and expanded government programs that are often “universal” and “free.” Americans should be skeptical when they hear these buzzwords, which ar...
2019-07-16 03:16

NY Fed 'Empire State' factory index posts biggest gain in more than 2 years The New York Federal Reserve said its gauge of manufacturing growth in New York state returned to positive territory, suggesting regional activity was expanding again....
2019-07-16 02:48

The USMCA trade deal is a big tax cut Congress has been sitting on the United States-Mexico-Canada Agreement, or USMCA, for months. A badly needed update to NAFTA, the USMCA is in danger of being talked to death by Democratic House Speaker Nancy Pelosi, despite the free trade agreement e...
2019-07-15 18:48

Don't leave rural workers out of the employment renaissance With its proposed food stamp work requirement rule, USDA has an opportunity to crack down on fraud and abuse while moving millions from welfare to work — but to fully leverage this opportunity, it needs to amend the proposed rule to make sure governm...
2019-07-12 23:00

Why politicians prefer debt ceiling crises to balanced budgets Once again, it seems, the federal government stands at the edge of a pending debt crisis. According to recent estimates, even while the nation enjoys the longest uninterrupted economic expansion in memory and unemployment hovering at bargain basement...
2019-07-12 20:32

DeVos, charters, & ‘school choice’ hurt African American children Education Secretary Betsy DeVos and charter school operators have denounced the NAACP’s opposition to charter school expansion, arguing that charters provide the best path to improve educational opportunities for African Americans. Charter operators ...
2019-07-12 20:32

Treasury could run out cash in early September, urges Congress to raise debt ceiling before recess The Treasury Department said it could run out of cash in two months, asking Congress to increase the debt ceiling before lawmakers leave for a six-week recess....
2019-07-12 17:48

Acosta resignation puts veteran bureaucrat Patrick Pizzella in charge of Labor Patrick Pizzella, a veteran of several past Republican and Democratic presidential administrations, will take over as acting secretary of labor following the abrupt departure of Alexander Acosta Friday following controversy surrounding a plea deal he...
2019-07-12 17:16

Alaska and Amazon vie to hire 2,200 to be freed under Trump prison reform President Trump's criminal justice reform law will release some 2,200 federal inmates next week, and reform supporters are finding broad interest among employers, including Alaska's seafood industry and retail giant Amazon....
2019-07-12 15:48

A Prime Day for an Amazon workers' strike When Hibaq Mohamed started working at a new Amazon fulfillment center in Shakopee, Minnesota, in 2016, she was required to pack a minimum of about 160 boxes an hour with items ordered by the e-commerce giant's customers....
2019-07-12 06:00

Reversal brings Fed into line with Trump The Federal Reserve is set to begin cutting interest rates next month for an unusual reason: Not out of fear that the economy is tipping into recession, but because officials now believe it can generate more jobs than they thought....
2019-07-12 06:00

Dow Jones briefly crosses 27,000 mark for the first time ever The Dow Jones Industrial Average broke records on Thursday morning by surging past 27,000 for the first time ever, rising 132 points during morning trading....
2019-07-12 04:32

Chamber of Commerce proposes minimum wage hike to at least $10 The Chamber of Commerce, the nation's largest business trade association, proposed raising the minimum wage to at least $10 an hour, up from its current rate of $7.25 an hour....
2019-07-12 04:32

German trade minister places 50-50 odds on resolving auto tariffs German Economic Minister Peter Altmaier said Thursday there were even odds that the U.S. and the European Union could reach a deal that would avoid the Trump administration imposing tariffs on autos and auto parts imports....
2019-07-12 04:32

Washington Post 'analysis' claims the CBO is wrong about the downside to raising the minimum wage. It just won't tell you why The Congressional Budget Office’s dim view of efforts to raise the national minimum wage to $15 an hour is wrongheaded and based on bad data, according to an article published this week by the Washington Post....
2019-07-12 04:32

Wall Street banks are bailing on troubled American farmers amid US-China trade war In the wake of the US housing meltdown of the late 2000s, JPMorgan Chase & Co hunted for new ways to expand its loan business beyond the troubled mortgage sector....
2019-07-11 23:32

US weekly jobless claims fall to 3-month low First-time claims for state unemployment benefits were expected to total 223,000 in the most recent week, up marginally from the 221,000 claims reported for the previous week....
2019-07-11 15:48

Democrats: Prisoners of the past on the economy We are all, to some extent, prisoners of the past. Things that have already happened — or that we remember as having happened — constitute the world that we know. Anything else is a product of imagination....
2019-07-11 05:16

Fed Chair Powell Signals Rate Cut as Economic Risks Loom Jerome H. Powell sent stock markets higher with comments that trade tensions and global economic issues continue to weigh on the United States economy....
2019-07-11 01:32

Under-fire Alex Acosta defends 2008 prosecution of Jeffery Epstein as defending victims Embattled Labor Secretary Alexander Acosta defended his handling of the prosecution of Jeffrey Epstein for sex crimes as a decision that protected the victims in the case because it allowed them to avoid a trial where they could be cross-examined by ...
2019-07-11 01:16

Utility tokens need regulatory certainty Cryptocurrencies are finally catching the attention of Congress. Earlier this year, Reps. Darren Soto, D-Florida, and Warren Davidson, R-Ohio, introduced a pair of bills aimed at addressing price manipulation as well as finding opportunities to promo...
2019-07-11 01:16

These Companies Wanted Tariffs. How Are They Faring Now? President Trump’s trade policies have helped American steel, aluminum, lumber, solar and washing-machine businesses, but not as much as they might have hoped....
2019-07-10 19:16

Democrats push loan program to help endangered multiemployer pension plans House Democrats are set to advance legislation Wednesday to shore up endangered multiemployer pension plans by giving them low-interest federal loans and bonds, a move critics are calling a bailout. The legislation comes as unions are pressuring the ...
2019-07-10 18:16

At this point, the only remaining moderates are Republicans Moderates are understandably skeptical of President Trump. From his loud-mouthed tweeting to his adulterous past, there’s plenty to criticize. I’m not a huge fan of Trump either. However, the 2020 Democrats are incredibly radical on many key policy i...
2019-07-10 18:16

Labor Secretary Acosta to hold press conference to address handling of Jeffrey Epstein Embattled Labor Secretary Alexander Acosta has scheduled a press conference for Wednesday afternoon to address his handling the of the prosecution for sex crimes of Jeffrey Epstein in 2008....
2019-07-10 18:16

The NHS’s inefficiency shows why single-payer can never work in the US In the Democratic primary debates so far, we’ve heard all about how great government healthcare is, and paeans of praise for ever higher taxation. Yet little has been offered about how high tax rates can mess up socialized healthcare....
2019-07-10 18:16

Congress can act to reclaim trade authority once and for all Capitol Hill is focused on negotiations over the United States-Mexico-Canada Agreement, but there’s another discussion about trade policy that’s happening in the Senate Republican Conference....
2019-07-10 10:00

Groundbreaking cancer-fighting drugs now included in updated UN list of essential medicines The UN health agency, WHO, announced on Tuesday that dozens of new drugs have been added to the list of essential medicines that every country should have, including new cancer treatments that can be swallowed rather than injected....
2019-07-09 22:48

Trump praises Labor Department secretary as criticism mounts over Epstein controversy President Trump on Tuesday defended Labor Secretary Alexander Acosta, who is under fire for his role in negotiating a lenient plea deal in 2008 for sex offender and wealthy financier Jeffrey Epstein....
2019-07-09 20:32

USMCA vote may not come until autumn, Kudlow says White House economic adviser Larry Kudlow said Tuesday that a congressional vote on President Trump's U.S.-Mexico-Canada Agreement on trade may not happen until the fall, something the Trump administration has previously sought to avoid....
2019-07-09 20:32

US rift with UK deepens as Commerce Secretary Wilbur Ross cancels meeting over presence of British ambassador Commerce Secretary Wilbur Ross abruptly canceled a long-planned meeting with Britain's Secretary of State for International Trade Liam Fox Tuesday because the British Ambassador to the U.S. Kim Darroch was also due to attend....
2019-07-09 18:48

Democrat BET founder praises Trump, says party 'moved too far to the Left' Black Entertainment Television founder and Democrat Robert Johnson praised President Donald Trump for the state of the economy and also accused the Democratic Party of going too far to the Left in an interview with CNBC Tuesday....
2019-07-09 18:48

Global Recession Risks Are Up, and Central Banks Aren’t Ready The world’s monetary authorities have limited policy space, and it’s unclear whether their backup plans will suffice to bolster growth and inflation....
2019-07-09 09:48

Elizabeth Warren fibbed — private prison stocks have bombed in the Trump era When writing today's editorial, we already knew that Elizabeth Warren was lying (or more generously, stretching it) during the debate two weeks ago when she claimed that the current U.S. prosperity is misleading because an ever-narrower stratum of Am...
2019-07-08 22:16

CBO projects $15 minimum wage would cost 1.3 million jobs The nonpartisan Congressional Budget Office said Monday that raising the federal minimum wage to $15 an hour, up from the current rate of $7.25 a hour, would likely cause 1.3 million people to lose their jobs....
2019-07-08 22:16

Jobs, growth, and higher wages leave Democratic contenders searching for excuses Friday’s June jobs report, with its expectations-shattering gain of 224,000 net jobs (including 17,000 manufacturing jobs) and its 4% unemployment rate (effectively full employment), reinforces what was already popularly understood about the Trump-er...
2019-07-08 15:01

Now hiring for a Trump-branded Fed: GOP flip-floppers on rates The president has one key quality in mind in filling out the central bank: a willingness to cut interest rates in a strong economy, violating years of GOP orthodoxy....
2019-07-08 12:32

America’s safety net needs a new vision There is nothing more American than the Fourth of July when we come together as a nation to celebrate our country’s independence. Each year, we commemorate our republic’s founding on the bedrock principle of freedom. While many of us spent time away ...
2019-07-07 07:00

Member of Parliament leaves 10-year-old son at UK prime minister's residence in school closure protest It's no accident that an English woman left her 10-year-old son and some of his school friends on the steps of 10 Downing Street in London, which serves as the home of the United Kingdom's prime minister....
2019-07-06 18:32

Mexico and US trying to tweak USMCA rules about settling disputes The U.S. and Mexico are working on adding a side deal to the U.S.-Mexico-Canada Agreement on trade to address Democrats’ concerns over the deal’s dispute resolution systems, a top Mexican official said....
2019-07-06 09:48

Byron York: Dem 2020 task: Convince voters to overlook economy On Oct. 28, 1980, in the final debate of his race against Jimmy Carter, Ronald Reagan asked a question that has come to define presidential politics....
2019-07-06 01:16

2020 Democrats rail against charter schools and flaunt big spending plans at education forum Democratic presidential hopefuls railed against charter schools and flaunted billion- and trillion-dollar education proposals during a Friday forum hosted by the largest union in the U.S....
2019-07-06 01:16

Elizabeth Warren's plan to eliminate the gender wage gap discredits the accomplishments of minority women Government has a new moral and economic imperative, according to presidential hopeful Elizabeth Warren, who vowed to wield the power of the Oval Office against the “systemic discrimination” minority women face in the workforce....
2019-07-06 00:48

Trump's economy is the Democrats' disaster The creation of 224,000 new jobs in June further consolidates President Trump's economic stewardship. Beating expectations, those job numbers give Trump the central plank of his reelection campaign....
2019-07-06 00:48

Unhappy Democrats Things are going pretty well. The economy refuses to stop growing. The stock market continues to set records for soaring, not crashing. At long last, wages are creeping upward. President Trump isn’t pulling up stakes around the world and isolating th...
2019-07-06 00:48

Larry Kudlow: Huawei policy now part of trade talks with Beijing White House economic adviser Larry Kudlow confirmed Friday that the U.S. policy towards Chinese telecom giant Huawei would be a factor in the upcoming trade talks with Beijing....
2019-07-05 19:48

Economy adds quarter-million jobs, beating expert estimates in a comforting June jobs report If the Federal Reserve needed a sign to reject President Trump's demands for lower interest rates, the June jobs report from the Bureau of Labor Statistics delivered it....
2019-07-05 18:32

This Fourth of July, celebrate the other 1776 revolutions everyone forgets about too On this Fourth of July, we celebrate the 243rd anniversary of the signing of the Declaration of Independence. I re-read it a few days ago, brushing up on the struggle that gave rise to a new kind of nation, one that lovers of the pursuit of happiness...
2019-07-04 19:32

Arizona mayor asks Nike to build planned factory there despite governor's opposition after sneaker controversy Mayor Georgia Lord of Goodyear, Arizona, has urged Nike to stick to plans to open a factory in her town despite Republican Gov. Doug Ducey pulling financial support for the project after the company decided not to sell a shoe featuring an early versi...
2019-07-04 19:32

Pay packet inequality growing worldwide, says new UN report Top earners around the world have seen their share of national income rise in the last decade and a half, while everyone else has seen their pay packets shrink by comparison, UN economists reported on Thursday....
2019-07-04 17:32

Belief in Bootstraps Is Strongest Where Pulling Up Is Toughest Moving from poverty to wealth from one generation to the next is least likely in the South, but optimism there is greatest, tinged with political views....
2019-07-04 09:16

China trade war could make next year's July 4 fireworks fizzle The fireworks industry is warning that a continued trade war with China could make next year’s Fourth of July displays fizzle early. The vast majority of all fireworks are imported from China, and there aren’t feasible options to get them from anywhe...
2019-07-04 07:32

Boris Johnson embraces Trumpism with tax cut plan to boost UK economy The front-runner to become Britain’s next prime minister is planning to mirror one of President Trump’s signature tax cuts as he looks to secure economic growth after Brexit....
2019-07-04 02:32

What job growth in June can reveal about a Fed rate cut in July Slowing private payroll growth in June, an indicator of broader labor market performance, will play a key role in whether the Federal Reserve cuts interest rates later this month....
2019-07-04 02:32

With Caribbean island life under threat, UN chief pushes to face ‘headwinds together’ To counter global challenges that are a particular threat to vulnerable island nations like those in the Caribbean, it’s vital to “face the headwinds together”, especially in the face of the destruction being wrought by climate change, the UN chief t...
2019-07-04 01:32

A small error in the tax reform law is crushing small retailers Thousands of small, family-run retailers like ours face enough of a challenge with Washington’s self-inflicted trade war, which is is raising costs and generating uncertainty. At the very least, Congress could help ease the burden by fixing an appare...
2019-07-03 10:32

USMCA progressing through 'side letters': Grassley Democratic congressional leaders and the Trump administration officials are inching towards an agreement on the U.S.-Mexico-Canada Agreement on trade, one GOP leader said Tuesday....
2019-07-03 02:32

White House ups stakes in dispute with EU over Airbus The White House announced on Monday that it was adding $4 billion to a list of proposed tariffs that would be placed on European Union products as part of a long-running dispute over aviation industry subsidies. The items targeted ranged from metals ...
2019-07-03 02:32

U.S. Proposes New Tariffs on $4 Billion of E.U. Goods as Trade Dispute Grows The United States moved to impose levies on more products than previously planned in an escalation of its fight with Europe over government aid for Boeing and Airbus....
2019-07-02 20:16

$300 billion in China tariffs still loom as a business worry Business groups warn that President Trump's Saturday announcement that the White House would not impose $300 billion in new tariffs on Chinese goods does not mean that those tariffs won't still be imposed....
2019-07-02 05:32

Monday’s Daily Brief: US-DPRK relationship reset, ‘Horrific’ Kabul bombing, Anti-conscription plan in Syria, Climate change heat stress, Security Council in Iraq This Monday, we cover: Guterres welcomes possible US-DPRK diplomatic upgrade; Taliban attack hits schools; UN-Syria action plan on child soldiers; Climate change heat stress impacts economy; and first-ever Security Council visit to Iraq. ...
2019-07-02 02:01

Joe Biden wants to make 22 states more than double their minimum wage. What’s moderate about that? By flipping on the Hyde Amendment, Joe Biden ditched his moderate position on abortion by supporting taxpayer funding for it. Now it’s clear that he isn’t moderate on the minimum wage either. According to Biden’s website, the former vice president wa...
2019-07-01 23:32

Congress: Pass immigration reform now to help immigrants like me I never expected to live in Richmond, Virginia. In fact, I never even imagined living in the United States. But after being here since 2017, I can’t imagine living anywhere else. And as June, Immigrant Heritage Month, comes to an end, I am incredibly...
2019-06-29 22:00

US-China trade talks 'back on track,' Trump says President Trump said the U.S. would resume trade talks with Beijing and would hold off on imposing new tariffs on $300 billion worth of Chinese goods....
2019-06-29 22:00

Taxpayers deserve a maximum tax cut in Ohio’s new budget Ohio state lawmakers are on the verge of negotiating final, two-year budget legislation, after the Senate and House both passed competing budget bills. The great news is that both chambers want to reduce taxes....
2019-06-29 01:16

China spends $130B to finance its exports The Export-Import Bank estimated Friday that China provides $130 billion in credit and trade-related financing to bolster its exports, which helps explain its dominance in world markets....
2019-06-28 21:16

Pete Buttigieg is right: Tariffs are taxes on Americans Pete Buttigieg is a rising star in the Democratic party, and he certainly stood out from the crowd during Thursday night’s presidential debate. In a field containing several socialists and trade restrictionists such as Bernie Sanders, Buttigieg took ...
2019-06-28 05:16

Federal debt and deficits set to rise 'substantially,' budget office warns The Congressional Budget Office projected that the federal budget deficit will grow "substantially" over the next few decades, thanks to rising spending on entitlement programs and interest on the federal debt....
2019-06-27 21:48

Pelosi under pressure after Senate passes bipartisan border funding bill The Senate passed a $4.6 billion emergency spending bill to cope with the massive surge in illegal immigrants along the border, but the bipartisan measure differs from a more progressive bill the House passed on Tuesday....
2019-06-27 21:48

Real workers know more about this economy than Elizabeth Warren It may come as no surprise to working men and women, but during the first Democratic presidential primary debate Elizabeth Warren clearly demonstrated that she is completely out of touch with them and may not even know what year it is....
2019-06-27 20:48

New data show risk to Democrats of fully repealing Trump tax cuts A new analysis by the Joint Committee of Taxation, which is tasked with providing the official analysis of tax policy for members of Congress, demonstrates the risk to Democrats who choose to run on fully repealing President Trump's tax cuts....
2019-06-27 20:32

Democrats back away from demand to reopen USMCA talks House Democrats are backing away from their demand that the Trump administration get its trade partners to renegotiate the U.S.-Mexico-Canada Agreement on trade....
2019-06-27 20:32

Democratic presidential contender offers $1,000 per month to Twitter follower Democratic presidential contender Andrew Yang announced that his campaign will be giving $1,000 per month for a year to one lucky Twitter follower on July 4....
2019-06-27 20:32

One year after Supreme Court Janus decision, unions are holding up better than expected On year after the Supreme Court ruling in Janus v. American Federation of State, County and Municipal Employees that was supposed to decimate public sector unions, organized labor appear to have absorbed the blow better than expected....
2019-06-27 20:32

China pushing US to back down on Huawei in trade deal China is demanding the Trump administration back down on its sanctions against tech company Huawei Technologies as part of an eventual trade deal between the two nations....
2019-06-27 20:32

Tyler Cowen's Big Business analyzes mistrust of US industry but offers no cure In the fall of 1970, economist Milton Friedman wrote a now-famous article for the New York Times Magazine in which he argued that the sole responsibility of a corporation is to increase its profits....
2019-06-27 20:32

The media needs to stop getting the Republican tax cuts wrong With the 2020 election campaign heating up, the Republican tax cuts enacted in 2017 will be a major topic of debate. Most Republicans defend the tax cuts, while most Democrats want to repeal them. The two sides can debate the pros and cons of the tax...
2019-06-27 20:32

‘My Plan B Is Maybe My Plan A’: Trump Threatens New Tariffs on China President Trump played down the importance of securing a trade deal with Beijing as he prepared to meet with President Xi Jinping of China this weekend....
2019-06-27 19:16

Businesses that initially avoided Trump China tariffs now fear getting caught up in trade war Businesses that previously avoided the Trump administration's China tariffs now face levies on the same products under the latest proposal to put tariffs on $300 billion worth of Chinese goods, illustrating the uncertainty generated by President Trum...
2019-06-22 10:16

Shattered ceiling: More college-educated women than men have jobs For the first time, there are more college-educated women than men in the labor force, according to the U.S. Bureau of Labor Statistics.FT_19.06.20_WomenLaborForce_Women-now-half-of-US-college-educated-labor-force-2.pngFigures show that women have ed...
2019-06-21 15:16

Medicaid expansion is a failure: Lots of spending, little benefit Researchers from MIT and Harvard recently released a report concluding that Obamacare had a "clearly positive effect on access to and consumption of health care." Nearly 16 million people gained coverage through Medicaid expansion while just over 11 ...
2019-06-21 07:32

Republicans should reject Maxine Waters' bad Export-Import Bank deal Democrats are eager to ramp up a corporate welfare agency and load it up with some lefty mandates. That's no surprise. What's inexplicable is that at least one powerful Republican is going along with them. This is a mistake, and GOP lawmakers should ...
2019-06-20 11:00

Sen. Mike Braun: Despite gridlock, Congress has a real solution to address the border crisis When I arrived in Washington, the government was shut down due to the humanitarian and security crisis on our southern border. Six months later, as Democrats refuse to address this emergency, the crisis has deteriorated to the point that even the New...
2019-06-20 09:32

Here's Trump's winning message for 2020 President Trump launched his reelection campaign last night. It’s obviously anyone’s guess whether he can win. But if you’re getting your news from CNN, MSNBC, or the New York Times, you’re probably convinced at this point that he’s about to be impea...
2019-06-20 00:48

Lighthizer says US and China talking again on trade U.S. Trade Representative Robert Lighthizer said Wednesday that his office was once again in conversations with Chinese counterparts following a breakdown in trade negotiations last month....
2019-06-20 00:48

Fed leaves interest rates alone, resisting Trump's pressure for a cut The Federal Reserve left interest rates unchanged on Wednesday, resisting pressure from President Trump to reduce them as his escalating trade disputes threaten U.S. economic growth....
2019-06-20 00:48

Who pays the burden of Trump's Chinese tariffs? In a few weeks, depending on the outcome of testimony and due process procedures, the U.S.-China trade war may be escalated to an even more bitter level. It began in July 2018, when the Trump administration imposed a 25% tariff on $50 billion in Chin...
2019-06-20 00:48

Trump awarding Presidential Medal of Freedom to author of ‘Trumponomics’ President Trump will award the Presidential Medal of Freedom to economist Arthur Laffer, a top economist under former President Ronald Reagan's administration....
2019-06-20 00:48

Economy will face 'catastrophe' if Congress doesn't pass USMCA, Lighthizer says U.S. Trade Representative Robert Lighthizer told lawmakers Wednesday that the U.S. economy would suffer enormously if Congress doesn't ratify President Trump's U.S.-Mexico-Canada Agreement on trade....
2019-06-20 00:48

Schumer demands investigation into Tubman $20 delay Senate Minority Leader Chuck Schumer is asking federal investigators to probe why the Trump administration postponed recreating the $20 bill with abolitionist Harriet Tubman on it....
2019-06-20 00:48

Senate panel advances emergency border funding The Senate Appropriations Committee approved a bipartisan emergency funding bill requested by President Trump to deal with the massive immigration surge along the southern border....
2019-06-19 21:01

Yes, AOC, your generation has seen American prosperity “An entire generation, which is now becoming one of the largest electorates in America, came of age and never saw American prosperity.” So says Rep. Alexandria Ocasio-Cortez, D-N.Y., whose visibility as a spokeswoman for this generation has been boos...
2019-06-19 11:48

Lighthizer aims for trade deal with Japan in a few months U.S. Trade Representative Robert Lighthizer said Thursday that he expected to work out a trade deal with Japan within a few months, and warned that the U.S. would lose market share in the country if talks failed....
2019-06-19 00:00

US housing starts fall in May, but starts for the prior two months were revised higher Housing starts fell in May, but building permits increased, suggesting that the housing market was drawing some support from a sharp decline in mortgage rates....
2019-06-18 20:00

Democrats want to solve an inequality problem that doesn't exist Sen. Bernie Sanders, I-Vt., tells us that wealth inequality is at grotesque and immoral levels. Sen. Elizabeth Warren, D-Mass., has a plan to tax everyone lots and lots to solve this. The slight problem is that the Federal Reserve tells us that wealt...
2019-06-18 16:32