Donald Trump didn’t mention the national debt or budget deficits in his first State of the Union address, possibly because his own policies have left him with nothing good to say on the matter. Thanks to lower tax receipts resulting from the tax scam pushed on the American people by Trump and the GOP, the administration […]
As world markets crumbled, Donald Trump was in Scotland, inexplicably doing a commercial for his Turdberry golf course, celebrating the British vote to leave the European Union with a promise that America was “next.” Is that a threat?
The Brexit result rattled Wall Street and many other financial markets, with global stock markets losing about $2 trillion in value on Friday. Obama had warned during a visit to London in April against Brexit, or Britain’s exit from the EU, in an unusually strong intervention into British politics.
Hello, investors. Come join the foreign policy experts in daily panic attacks over what a President Donald Trump would mean for your world. What does one do about a candidate whose tax plan would send America into the fiscal abyss — who flaps lips about not making good on the national debt?
The stock market nearing new highs? Bubble! Jobless claims at a 43-year low? The numbers must be fake! More than 20 million Americans gained health insurance? Obamacare can’t possibly be helping anyone because I know a guy who knows someone’s doctor who said…
Although the nation’s unemployment rate has been around a seven-year low of about 5.4 percent, job growth among the states has been uneven, with several showing only meager gains more than five years removed from the depths of the Great Recession.
By Janet Kidd Stewart, Chicago Tribune Bohnne Jones didn’t count on having to fire her husband, Larry. And David Whiting works six days a week at his smoothie franchise, knowing he would have made substantially more had he left his retirement money in the stock market. Despite the challenges, these baby boomers, and others, are […]
Washington (AFP) – The U.S. economy shrank much more than previously estimated in the first quarter, in the sharpest contraction in five years, the Commerce Department said Wednesday. Gross domestic product fell at a 2.9 percent annual pace in the first three months of the year, much worse than the previous estimate of 1.0 percent. […]
By Melissa Healy, Los Angeles Times In the recession from which the United States is recovering, unemployment among blacks and Latinos has been deeper and more entrenched, incomes in black and Latino communities have fallen more sharply and recovery has been slower and far less complete. Labor economists cite a host of structural and institutional […]
By Jim Puzzanghera, Los Angeles Times WASHINGTON — The economy added 217,000 net new jobs in May and the unemployment rate held steady at a more than five-year low of 6.3 percent, the Labor Department said Friday. With May’s job growth, the economy reached a milestone — it has now recovered all the jobs lost during […]
Watching a graduation awards program at a parochial high school last week, I smiled with the soon-to-be grads, most of whom seemed giddy with anticipation at the next phase of their lives. It’s the season for those rituals — the ceremonies, the parties, the congratulatory toasts. The program that I attended involved sons and daughters […]