This week’s cover of a popular German news magazine depicting U.S. President Donald Trump draped in the American flag while giving a stiff-armed Nazi salute is drawing sharp criticism from a prominent Jewish group. Stern magazine’s illustration is part of a cover story headlined “Sein Kampf,” which translates as “His Struggle” and is a play […]
Tag: economy
209,000 Jobs Added In Month Of July, Well Above Projections
The U.S. economy continued a strong summer, adding 209,000 jobs in July while the unemployment rate fell to 4.3 percent, the lowest since March 2001, according to a government report Friday. Economists surveyed by Reuters had expected the report to show growth of 183,000; the unemployment rate met expectations. A more encompassing rate that includes […]
Yellen Says Rate Hikes Will Slow As Inflation Stays Low
The Federal Reserve could scale back on its expected pace of interest rate hikes if inflation continues to be soft, Chair Janet Yellen told Congress. Under questioning over why the central bank remains committed to normalizing policy even as price and wage pressures remain muted, Yellen said the Fed is aware of the softness in […]
Trump Budget Has Huge $2 Trillion Dollar Math Error
“A New Foundation for American Greatness” was built on quicksand, and the president’s defenders are happy to keep shoveling it. President Donald Trump’s newly unveiled budget contains a massive accounting error that uses the same money twice for two different purposes. Based on its supersized projections of 3 percent GDP, the president’s budget forecasts about […]
Trump Tanks The Dollar
The dollar fell on Wednesday after President Donald Trump criticized its recent strength, but analysts expect the greenback to bounce back soon. Trump said the currency was “getting too strong” in an interview with The Wall Street Journal. “I think our dollar is getting too strong, and partially that’s my fault because people have confidence […]
Trade Deficit Shrinks At Record Rate
The U.S. trade deficit declined sharply in February as imports from China fell by a record amount and American exports rose for a third straight month. The Commerce Department says the deficit fell to $43.6 billion in February, 9.6 per cent below January’s deficit of $48.2 billion. Exports rose a tiny 0.2 per cent to […]
Ivanka And Husband Worth Over 700 Million Dollars
WASHINGTON, March 31 (Reuters) – President Donald Trump on Friday released details of the personal finances of his staffers late on Friday, including his son-in-law Jared Kushner and daughter Ivanka, confirming that he has surrounded himself with some very affluent advisers. White House ethics officials said the legally required disclosure documents provided a snapshot of […]
Social Security Needs To Be Fixed Not Left Alone
Despite proposing major spending cuts to most domestic agencies, President Trump’s “skinny budget” spares the Social Security Administration. Thankfully, the president is living up to his campaign pledge to protect the program that serves 61 million Americans. Yet, without any action by Congress to reform the system, benefits will be cut anyway, by at least […]
Automation Pushing America To Universal Basic Income For It’s Citizens
Is a guaranteed paycheck from the government, with no strings attached, the answer to the relentless rise of automation? The concept might sound far-fetched, but a so-called universal basic income (UBI), is currently one of the most hotly debated policy topics being floated as a means to address income inequality and the disruption that technology […]
Robots, A.I. Boom May Cost US, UK At Least 33% Of Their Jobs
Up to one-third of British jobs could be taken over by robots by the early 2030s, impacting 10 million Britons but with women less likely to face redundancy, a UK study showed. The research, by accountancy firm PricewaterhouseCoopers LLP, found 30 percent of UK jobs could face automation compared to 38 percent in the United […]
China Doing Business With The Taliban
The Taliban say they’re giving China the green light to restart a $3 billion mining project, but Afghanistan’s legal government says the militant group is just blowing smoke. “The Islamic Emirate of Afghanistan directs all its Mujahideen to help in the security of all national projects that are in the higher interest of Islam and […]
October adds 161,000 jobs as unemployment rate dips to 4.9 percent
The U.S. labor market continues to show signs of gradual strengthening, with newly released government data showing the economy added 161,000 jobs last month. Annual wage growth surged to levels not seen since the financial crisis, while the unemployment rate dipped to 4.9 percent in October from 5 percent the previous month. While monthly job gains for October […]