Most people think of illegal alien workers as farm workers, or workers employed by small service businesses. While there is some validity to the precept, the vast majority of illegal aliens actually find it easier to gain employment in large organizational businesses. When you understand labor law, you understand why this is the case…
Donald Trump Is Inheriting the Best Economy in a Generation(???) Bubbles, Worst Wage Recovery Since 1965, etc.
(Mis)Fortune magazine had a story which I actually mistook for a story from The Onion or National Lampoon. But sadly, it was a real story: “Donald Trump Is Inheriting the Best Economy in a Generation.” Let’s look carefully at the “best economy in a generation”…
Lou Dobbs Discusses China, Taiwan and Trump…
Donald Trump took a congratulatory phone call from the President of Taiwan…and immediately, the pearl-clutching media and professional political class went nuts because the U.S. is not supposed to do anything that might upset China. For over 30 years the issues between China and the breakaway free and democratic Taiwan have been tenuous…
The Electoral Consequences of Globalization…
Undoubtedly there are U.S.-specific factors that are relevant, such as racial divisions in voting patterns. But the election took place after the British vote to withdraw from the European Union and the rise to power of conservative politicians in continental Europe, so it is reasonable to ask…
Two Thirds of All Dem House Members Come from NY, Calif and Illinois…
When you consider that 2/3rd’s of all House members come from New York, California or Illinois the vote to re-elect Nancy Pelosi (134-to-63) takes appropriate context. The continued polarization of the electorate is playing out as the Democrat party focus even further on the severe left-wing ideology…
U.S. Economic Outlook – Fed Res Chair Janet Yellen’s Remarks Before Joint Economic Committee…
The U.S. economy has made further progress this year toward the Federal Reserve’s dual-mandate objectives of maximum employment and price stability. Job gains averaged 180,000 per month from January through October, a somewhat slower pace than last year but still well above estimates…
SDR World Order by James Corbett…
The IMF is formally adding the Chinese renminbi (aka the yuan) to their “Special Drawing Rights” basket on Saturday, October 1st. The move boosts the yuan to the status of global reserve currency alongside its basketmates, the pound, the euro, the yen and the dollar…
Trump Economy Speech: Policy Must ‘Create More Jobs and Better Wages for Americans’…
It’s time for “a national goal of reaching four percent economic growth,” and that all economic policies during a Trump administration will be tested on whether or…
Database Reveals U.S. as Financial House of Horrors Since Repeal of Glass-Steagall Act…
Wall Street banks are intended to function as efficient allocators of capital to grow new businesses and industries in America. But since the Glass-Steagall Act was repealed in 1999…
Trump Discusses ‘the false economy’ …
“We support reinstating the Glass-Steagall Act of 1933 which prohibits commercial banks from engaging in high-risk investment,” said the platform released by the Republican National Committee…