U.S. Getting Back Into Rare Earth Processing to Break China’s Monopoly
The United States will resume “rare earth elements” (REE) processing, breaking a monopoly by which China controlled 97 percent of the world’s supply of REEs. ...
Sectors
Black Friday Purchases Likely Up 4 Percent Over Last Year
Consumers continue to confound forecasters as they are on the way to setting a new Black Friday record. ...
White House Says Trump Deregulations Are Raising Household Incomes
With the dead weight of federal regulations being reduced, American consumers and small business owners are enjoying the freedom and the savings. By Bob Adelmann ...
Negative Impact of USMCA on U.S. Cattle Industry Predicted
When it comes to the beef industry — and the pork industry — USMCA is just NAFTA re-branded, and NAFTA was disastrous to the U.S. cattle industry. ...
Jumps in Durable-goods Orders & Business Investment Confound Forecasters Again
Two measures of the U.S. economy were reported on Wednesday, both of which exceeded forecasters’ expectations. ...
Commerce Department: Economy Grew 2.9 Percent Last Year, Likely to Accelerate in 2019
According to the Commerce Department, the U.S. economy grew by 2.9 percent last year. According to some experts, the true economic growth is likely twice that. ...
What Recession? Jobs, Manufacturing, Consumer Sentiment All Up in January
Three reports released on Friday were good news for everyone involved in the U.S. economy, except for forecasters who once again underestimated its strength. ...
Bankers to Take Massive Haircut in Proposed Puerto Rican Bankruptcy Settlement
Rich Wall Street investors holding Puerto Rican bonds are going to take a big hit in the settlement of that nation’s bankruptcy. ...
Good Food+Good Morals=Good Business: Boycotted Chick-fil-A Crows in Triumph
Despite being targeted by activists for destruction, it’s Chick-fil-A that now has the reason to crow: It’s poised to leapfrog a few major competitors to become our nation’s number-three fast-food chain in...
Tariffs’ Upside: Two Million New Steel Industry Jobs
A nonpartisan trade group representing farmers, ranchers, manufacturers, and various labor groups reported on Tuesday that, according to its economic model, Trump’s tariffs on steel “are creating US jobs and stimulating...
Fed Official Suggests Four More Interest Rate Hikes in 2019
Charles Evans of the Fed’s Federal Open Market Committee says interest rates are too low and need to go higher. ...
Latest NFIB Report Confirms Robust Health of U.S. Economy
Despite the volatility on Wall Street, the U.S. economy continues its remarkable record-setting recovery from the Great Recession and the Obama administration. ...
White House Forecasts 3.5 Percent GDP Growth in Third Quarter
Even Kevin Hassett, chairman of President Trump’s Council of Economic Advisors, fails to grasp the dynamics of the new Trump economy: Five percent growth is not only achievable but increasingly likely....
De Blasio, MTA, & Big Taxi Beat Uber, Lyft
At the behest of the public transportation and taxi dirvers’ unions, New York City Mayor Bill de Blasio signed a bill into law that regulates ride-sharing companies such as Uber and...
Unsustainable: The Government Pension Pickle that Several States are Facing
State employee pensions, negotiated by greedy public employee unions and rubber-stamped by short-sighted politicians have left several states teetering on the edge of financial insolvency and there is no solution in...