News
The Case For A Smaller, Humbler Federal Reserve
21+ hour, 46+ min ago (582+ words) For two decades, the Federal Reserve has behaved less like a central bank and more like the nation's emergency room physician, trauma counselor and part-time life coach. Markets sneeze, the Fed reaches for liquidity. Congress overspends, the Fed absorbs the…...
Breaking: New Hiring Twice as High as Economists Expected in Gangbusters Jobs Report
1+ day, 11+ hour ago (370+ words) The roaring Trump economy shattered job growth expectations in May, according to new data. May's jobs report shows that 172, 000 jobs were added, according to Yahoo Finance. Unemployment remains at 4. 3 percent. As noted by CNBC, that dwarfed predictions of 80, 000 new jobs....
The Hidden 'Tax' That's Bleeding Your Wallet Dry (and This Time It's Not Inflation)
5+ day, 22+ hour ago (1092+ words) Americans may be paying a hidden "lawsuit tax" through higher insurance premiums and higher prices for everyday goods, as trucking companies face rising litigation costs from staged crashes, massive settlements and "nuclear verdicts." "Abusive litigation practices against the trucking industry…...
We Could Cover 10 Percent of the Entire Deficit if Gov't Stopped Accidentally Making Improper Payments
1+ week, 4+ day ago (555+ words) A new report by the Government Accountability Office indicates that approximately 10 percent of the federal deficit could be erased just by ending improper payments. Further, when coupled with a crackdown on outright fraud, the federal deficit could be cut by…...
April Jobs Report Shatters Expectations
4+ week, 1+ day ago (502+ words) The reality of the Trump economy smashed bleak projections to bits in April, according to new Department of Labor data. April's jobs report shows that employers added 115, 000 jobs, according to CBS News. Economists had gone all in on bleak and…...
Not a Joke: Starbucks CEO Defends Paying $9 For Cup of Coffee
1+ mon, 2+ day ago (652+ words) Starbucks CEO Brian Niccol is facing heated backlash for defending a $9 cup of coffee as a worthwhile, "premium" experience. Appearing this past Wednesday on The Wall Street Journal's "What's News AM" podcast, Niccol argued that Starbucks is faring well despite…...
U. S. National Debt Surpasses Size of Economy for First Time Since World War II
1+ mon, 2+ day ago (354+ words) The national debt exceeded the size of the entire U. S. economy " marking the first time the grim milestone has been reached since World War II. The current national debt held by the public was $31. 27 trillion on March 31, but nominal gross domestic product…...
America's Debt Just Hit Grim Milestone After Decades of Politicians Spending Like Drunken Sailors
1+ mon, 3+ day ago (376+ words) The U. S. national debt exceeded the total amount of output from the entire economy as of March 31, The Wall Street Journal reported Thursday. The country's publicly held debt was $31. 265 trillion, while the nation's Gross Domestic Product (GDP), the total value of…...
US National Debt Exceeds GDP for First Time Since the Immediate Aftermath of WWII
1+ mon, 5+ day ago (741+ words) The national debt exceeded 100 percent of the gross domestic product at the end of March and is on a path to reach a level not seen since the end of World War II. The Committee for a Responsible Federal Budget said…...
Price Controls Will Deny Millions of Americans Credit Cards
1+ mon, 2+ week ago (684+ words) There's a famous line in the movie "The Graduate" where a young Dustin Hoffman receives this bit of career advice from a businessman: "One word, Benjamin: plastics." He wasn't talking about credit cards, but he might as well have been....