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The Best in Alternative News

266,000 JOBS ADDED IN NOVEMBER. UNEMPLOYMENT REMAINS AT 50 YEAR LOW…

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November saw 266,000 new jobs in the United States, up from the previous month, according to federal data released Friday. That beat expectations from forecasters, who anticipated the United States would add between 180,000 and 190,000 new jobs in the wake of October’s initial estimate of 128,000 jobs added. The Bureau of Labor Statistics also […]

3rd Quarter U.S. GDP Growth Revised Upward, Durable Goods Orders Increase, New Home Sales Increase 31.6% Year-over-Year…

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More signs the U.S. economy is very strong show up today as several key economic indicators defy prior economist predictions. Staring with a significant upward revision by the Bureau of Economic Analysis for the third quarter GDP growth from 1.9% to 2.1% – The revision to GDP reflected upward revisions to inventory investment, business investment, […]

Inside Amazon’s Plan for Alexa to Run Your Entire Life…

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The creator of the famous voice assistant dreams of a world where Alexa is everywhere, anticipating your every need…The crux of the plan is for the voice assistant to move from passive to proactive interactions. Rather than wait for and respond to requests, Alexa will anticipate what the user might want. The idea is to […]

Small Business ‘Optimism’ at Record High, Up 160 Percent…

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A national economic optimism index of small business owners is at its highest level ever, up 162% since the final months of President Obama’s two terms. The Wells Fargo/Gallup Small Business Index is at +142 compared to +54 at the end of the Obama administration. “When owners are asked a broad question about their financial […]

‘Blowout Numbers’ as Black Unemployment Reaches Record Low, Beating Forecasts…

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The Bureau of Labor Statistics (BLS) on Friday released its monthly Employment Situation Report (pdf), which showed continued employment growth and near record unemployment rates in October. Employment gains among African-American women and Latinos were particularly impressive. The unemployment rate for African Americans reached a record low of 5.4 percent—a fall of 2.6 percent since […]

Krugman Admits He and Mainstream Economists Got Globalization Wrong…Ya Think?…

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Paul Krugman, Nobel-prize winning economist and avowed champion of free trade, admits he and his colleagues got a few things seriously wrong about globalization, in particular around its downside impact on local labor markets. “We missed a crucial part of the story,” Krugman wrote in a Bloomberg article in October, referring to members of the […]

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