Under the headline “America is moving toward an oligarchical socialism,” Joel Kotkin writes: Historically, liberals advocated helping the middle class achieve greater independence, notably by owning houses and starting companies. But the tech oligarchy — the people who run the five most capitalized firms on Wall Street — have a far less egalitarian vision. Greg […]
Turkey Is Getting Off the U.S. Reservation…
This year’s BRICS Summit was a big show. No question. The main event was provided by Turkish President cum Dictator Recep Tayyip Erdogan. Erdogan wants to a a “T” to the acronym, making them the BRICTS. Erdogan also made it very clear Turkey’s shift away from the West will proceed faster if the bullying and […]
Trump’s Economic Scorecard: 18 Months Into His Presidency…
The first estimate for June quarter’s GDP growth was released Friday morning, showing growth of 4.1%. This was a solid increase from the 2.2% first quarter print, but a little short of most projections. To smooth out any one quarter’s spike or drop, the U.S. economy grew 2.9% on a trailing four quarter basis, matching […]
BEA Estimates Quarter 2 GDP Growth 4.1%, Q1 Revised Upward 2.2% – Growth in Exports, U.S. Investment…
The Bureau of Economic Analysis (BEA) has released the second quarter estimate in GDP growth at 4.1%, the highest rate of growth since 2014. Here’s the non-spin review along with an embed copy of the actual report [full pdf below] to include all tables: Gross domestic product (GDP) is the value of the goods and […]
Trump Is Not Stupid by Brad Cabana…
It’s fashionable, even expected, to pour scorn on the current President of the United States – Donald Trump. Of course, he brings It upon himself with his unmatched egotistical meanderings. That being said, there is a definite method behind his madness that eludes most political commentators. What Trump is very deliberately doing, albeit from many […]
Milestone for U.S. Job Market: More Openings Than Unemployed…
For the first time on record, the number of job openings in the United States exceeds the number of unemployed Americans — a trend that may soon give workers more leverage for pay raises. The number of available jobs in April rose 1 percent to 6.7 million from 6.6 million in March, the Labor Department […]
Billionaire Koch Brothers Launch Million Dollar Campaign Against Trump’s Popular Tariffs…
Charles and David Koch are two of the Republican Party’s biggest billionaire donors, supporting an agenda of endless, multinational free trade agreements and open borders that keep U.S. wages stagnant. The Koch’s network of organizations — Americans for Prosperity, Freedom Partners Chamber of Commerce and the LIBRE Initiative — now say they will be spending […]
President Trump and Commerce Secretary Wilbur Ross Lowered the Hammer on the Big Club…
Today is the day I’ve been waiting for. Today President Trump and Commerce Secretary Wilbur Ross lowered the hammer on the Big Club. China, the EU, Canada and Mexico have been exploiting weak U.S. trade policy for years. Through the effective utilization of targeted tariffs, with multiple opportunities -and warnings- to avoid the outcome, President […]
Billionare Charles Koch: ‘We’re working hard against’ Trump’s Pro-American Tariffs on China…
For the First Time Ever, America Has Enough Jobs for Everyone…
There were a record 6.6 million job openings at the end of March, the Labor Department said. With unemployment down at 3.9 percent, that means there are enough jobs to employ everyone looking to work for the first time since the data began to be collected. Not everyone will get a job, as openings are […]
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