Before lawmakers left for August recess, the Democrat-controlled House voted to raise the federal minimum wage to $15 an hour. Such a move would backfire in a major way if passed into law. It would hurt lower-skilled individuals the most, including teenagers, immigrants, and those without a high school degree. And women, who hold more […]
by Andrew Bieszad For a long time, people rightly accused Obama of having the worst deficit spending to date. This was a true statement. However, Trump has now take Obama’s place, with the worst deficit spending yet in American history: The federal government spent a record $3,727,014,000,000 in the first ten months of fiscal 2019 (October […]
Authored by Jake Dima via NationalInterest.org, New York City’s $15 minimum wage, which began to take effect Dec. 31, 2018, was meant to bolster earnings and quality of life, but for a lot of residents, it’s doing the opposite… Democratic New York Gov. Andrew Cuomo signed legislation in 2016 to increase the New York York State’s minimum wage […]
by Andrew Bieszad Earlier in 2019 I asserted that based on historical patterns, the current state of the economy suggests 2003-type patterns that lead up to the great crash of 2007-2008. I have been warning consistently that one should heed these patterns, and begin to make economic preparations. Having noted this, a report has recently come […]
(CNSNews.com) – Health care was the first issue raised at the CNN-hosted Democrat debate, where moderators cut off many candidates before they could finish their answers. Sen. Elizabeth Warren (D-Mass.), a candidate who wants to do away with private insurance in favor of “Medicare for All,” told the audience: “We are not about trying to […]
Authored by Michael Snyder via The Economic Collapse blog, So there is a lot of buzz that the Federal Reserve is about to cut interest rates – and it might actually happen. We’ll see. But if it does happen, it will directly contradict the carefully crafted narrative about the economy that the Federal Reserve has been […]
By JOHN BINDER A permanent 25 percent tariff on all imported goods to the United State from China would create more than one million American jobs by 2024, a new study concludes. The U.S. could undergo a massive, nationwide reshoring-jobs effort if it imposed a permanent 25 percent tariff on all Chinese imports, Coalition for a […]
Via Economic Cycle Research Institute (ECRI), The manufacturing PMIs have become the holy grail of indicators for many market participants. ECRI’s U.S. Leading Index of Manufacturing PMIs (USLIMPMI) anticipates cyclical shifts in the ISM and Markit manufacturing PMIs for the U.S. to a 2 2/3-year low in June and the Markit PMI fell to a nearly-ten-year low […]
Jeffrey Epstein informed President Trump of a real estate purchase he planned to make in Palm Beach back in 2004 claims Michael Wolff He was trying to determine if he could move the pool on the property which he was prepared to bid $36 million for and then flip Epstein, 66, was not afraid of letting Trump […]
by Tyler Durden While the western world (and much of the eastern) has been preoccupied with predicting the consequences of Trump’s accelerating global trade/tech war and whether the Fed will launch QE before or after it sends rates back to zero, Beijing has quietly had its hands full with avoiding a bank run in the aftermath […]
