In the end, the bailout that Obama championed saved more than one million jobs, and Fox News still hated it. If only Obama had saved 1,000 Carrier jobs instead.
Trump’s vow to “bring back coal” would be one of his easiest promises to break. The problem for coal isn’t just that it’s dirty energy. It’s that natural gas is cheaper. Trashing every environmental law on the books would not change the fact of free market life that consumers are going to buy the less expensive product.
Why do Americans seem to know more about Jupiter’s 67 moons than about the turnaround in factory employment? Reason No. 1 is politics. From Donald Trump on the populist right to Bernie Sanders on the left, trade agreements have become the obsession, the all-purpose villain behind U.S. factory closings and “movings” to low-wage countries.
Senators on both sides of the aisle angle for currency protection as an amendment to Obama’s hardline free trade position on the Trans-Pacific Partnership.
Washington (AFP) — Activity in the U.S. manufacturing sector picked up pace in August, to its best level since August 2011, the Institute for Supply Management said Tuesday. Helped by a pickup in production and new orders, the ISM’s manufacturing purchasing managers index rose by 1.9 points to 59.0. A reading above 50 indicates expansion. […]
Washington (AFP) — Manufacturing pushed U.S. industrial production higher in July in the sixth straight months of gains, the Federal Reserve said Friday. Total output of the nation’s manufacturing, mining, and utilities rose 0.4 percent in July, after an upwardly revised 0.4 percent gain in June. The July output increase was slightly stronger than analysts […]
New York (AFP) – The S&P 500 Tuesday closed at a new record as US stocks rallied following solid economic data and investor relief over U.S. Federal Reserve policy. The S&P 500 jumped 13.18 (0.70 percent) to 1,885.52, its first record close since March 7. The Dow Jones Industrial Average advanced 74.95 (0.46 percent) to […]
Washington (AFP) — U.S. manufacturing activity gained pace in March helped by a pickup in new orders and a rebound in production, the Institute for Supply Management said Monday. The ISM’s purchasing managers index rose to 53.7 from 53.2 the previous month. A reading above 50 denotes expansion. The new orders component rose to 55.1 […]
Washington (AFP) – The U.S. economy grew at a robust annual rate of 3.2 percent in the fourth quarter despite the partial government shutdown in October, according to Commerce Department data released Thursday. Growth in gross domestic product was led by pick-ups in exports and consumer spending, the main driver of the U.S. economy. Most […]