Another 4.4 Million File for Unemployment, Total Since March 1 Nearing 27M
The grim news on the American job market kept coming this morning with the U.S. Labor Department’s announcement that another 4.42 million Americans...
Economics
Number of Unemployed Jumps 25 Percent to 7M; Rate Now 4.4 Percent
The Bureau of Labor Statistics has announced another of the grim societal sequelae of...
Goldman Sachs Predicts 24% GDP Drop; It’s Not All Bad News
Though Goldman Sachs is predicting a GDP drop of close to 25 percent, when...
Federal Reserve Lowers Funds Rate to Zero, Citing Coronavirus Impact
The Federal Reserve cited “the coronavirus outbreak,” which has “disrupted economic activity in many...
Oklahoma Enacts Price Controls After Trump’s National Emergency Declaration
Oklahoma may be a strongly “red” state, a state in which no Democrat has...
National Debt Is $122 Trillion, Not $23 Trillion, Says Non-profit Group
While the U.S. Treasury says the National Debt is officially $23.3 trillion, economists say...
Occupational Licensing Harms Poor, Doesn’t Help Consumers: Report
Occupational licensure does little to enhance consumer safety but much to prevent those at...
One Trillion Dollars Repatriated So Far, Reports Commerce Department
According to the U.S. Department of Commerce American companies have repatriated more than a trillion...
New York Times Claims FedEx Paid Zero Taxes in 2018; FedEx Founder Wants Debate
After the New York Times criticized FedEx for allegedly not paying any taxes in...
Latino-owned Businesses Prospering Under Trump Economic Policies
Several recent news reports have noted that Latino-owned small businesses have been thriving under...
Millennials Projected to Change Spending Habits, Impact Economy
As Millennials spend less on inexpensive items and spend their savings on things such...
Reality Check for CNN: Target’s Wage Increase Being Offset by Fewer Hours
Two years ago, CNN was delighted that Target was going to increase employee wages....
Blue-collar Employment Thriving Under Trump — Hits 50-year High
Employment levels in blue-collar jobs have been growing at their fastest rate in more...
$15 Minimum Wage Takes a Bite Out of Big Apple’s Restaurants
New York City’s restaurants are cutting staff and hours or even closing outright as...
NPR Shops at Walmart to Learn Cost of Trump’s Tariffs, Gets Big Surprise
NPR expected to show that Trump’s tariffs were costing consumers hundreds if not thousands...
Business Roundtable’s New Purpose Statement Echoes Elizabeth Warren’s “Accountable Capitalism” Bill
The Business Roundtable’s new “statement on the purpose of a corporation” puts stockholder interests...
U.S. Government Will Borrow Nearly $1 Trillion This Year
The Treasury Department announced on July 29 that the federal government is scheduled to...
CBO Counts Cost of Raising Minimum Wage to $15
Just a week before the Democrat-controlled House of Representatives is due to vote on...
Nanny State: San Francisco Approves Ban on E-cigarette Sales
San Francisco is at it again with its nanny-state policies, this time having the...
Trump: “Very Low Inflation, a Beautiful Thing!”
The Federal Reserve expects inflation to remain low, bringing out exuberance from President Trump,...