This article appeared online at TheNewAmerican.com on Monday, August 21, 2017:
Two years ago Carbondale, Illinois’ mayor Mike Henry learned of the epic cosmic event headed his way and decided not to say, “Oh, no!” but instead said, “Oh, yes!”:
Tag Archives: Economy
Carbondale, Illinois Seizes Eclipse Opportunity to Boost Its Economy
- Monday, 21 August 2017 13:21
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Trump Takes Credit for Banner Jobs Report
- Saturday, 05 August 2017 06:19
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This article appeared online at TheNewAmerican.com on Friday, August 4, 2017:
Within 15 minutes of Friday morning’s release of the July jobs numbers by the Bureau of Labor Statistics (BLS), President Trump tweeted: “Excellent Jobs Numbers just released — and I have just begun. Many job stifling regulations continue to fall. Movement back to USA!”
He has good reason to cheer:
U.S. Pulls Families from Caracas; Airlines End Flights Before Sunday’s Crucial Vote
- Saturday, 29 July 2017 05:46
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This article appeared online at TheNewAmerican.com on Friday, July 28, 2017:
The Coat of arms of Venezuela
In its foreign travel advisory issued Thursday, the U.S. State Department warned American visitors against traveling to Venezuela and ordered family members of U.S. government employees at its embassy in Caracas to leave the country. It also offered assistance for those employees wanting to leave before the country’s crucial and controversial election on Sunday. The order and warnings were due to “social unrest, violent crime and pervasive food and medicine shortages” in the country.
Sunday’s vote could be crucial for the direction of the country run by Marxist Nicolas Maduro. Already rumors of vote fraud are suggesting that
Texas Grows 3.9 Percent in First Quarter. California? 0.1 Percent
- Saturday, 29 July 2017 05:35
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This article appeared online at TheNewAmerican.com on Friday, July 28, 2017:
This map shows the incorporated areas in Collin County, Texas. McKinney is highlighted in red.
Melissa, a resident of San Diego with degrees in psychology and Spanish, could find work only at a fast-food restaurant, recounted an article in (of all places) the Los Angeles Times about how some conservatives fed up with California are looking to Texas for greener pastures — and not just economically. The final straw for Melissa was when her daughter came home from public school one day with a “young adult” novel as homework. The book celebrated the use of cigarettes and pills to cope with stress, and Melissa decided it was time to leave the Golden State.
She found Conservative Move, a website just launched to help Californians
At Least Papa John’s Pizza Arrives Fresh, Warm, and Tasty
- Thursday, 27 July 2017 05:12
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This article was published by The McAlvany Intelligence Advisor on Wednesday, July 26, 2017:
Democrats are so upset over the Democrat Party’s new slogan that some demanded that its originator be fired immediately. The slogan, unveiled by Democrat Senate Minority Leader Charles Schumer in the New York Times on Monday, is: “A Better Deal: Better Jobs, Better Wages, Better Future.” This was birthed after months of intense mental analysis of last November’s loss to Donald Trump, and it was, according to many, stillborn. The Gateway Pundit massaged Papa John’s Pizza logo on its website, showing Nancy Pelosi beneath the banner, and below, instead of “Papa John’s” was “Dems: Still Pelosi.” It’s worth clicking on it. (See Sources below).
Other Democrats were less charitable.
Democrats’ New Slogan Channels Papa John’s Pizza
- Wednesday, 26 July 2017 05:16
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This article appeared online at TheNewAmerican.com on Tuesday, July 24, 2017:
Charles Schumer
The Democrat Party’s new slogan, rolled out on Monday by Senate Minority Leader Chuck Schumer (shown, D-N.Y.) in the New York Times, sounds an awful lot like the slogan of Papa John’s Pizza (“Better Ingredients, Better Pizza, Papa John’s.”) The new official slogan of the party, according to Schumer, is “A Better Deal: Better Jobs, Better Wages, Better Future.”
A closer look reveals old, tired, stale, and tasteless ideas of a party that not only has lost its way, but has lost a majority of Americans along the way. A recent Washington Post/ABC News poll revealed that
Oregon’s New Bicycle Tax Proves Ronald Reagan was Right
- Thursday, 20 July 2017 05:38
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This article was published by The McAlvany Intelligence Advisor on Wednesday, July 19, 2017:
President Ronald Reagan enjoyed excoriating liberals and big government advocates not with spears but with honey:
We should measure welfare’s success by how many people leave welfare, not by how many are added.
Within the covers of the Bible are the answers for all the problems men face.
When you can’t make them see the light, make them feel the heat.
The most terrifying words in the English language are: “I’m from the government and I’m here to help.”
But the one for which the former president is best known is this:
Trump’s Growth Target Reduced to 3 Percent
- Tuesday, 18 July 2017 06:09
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This article appeared online at TheNewAmerican.com on Monday, July 17, 2017:
For Mick Mulvaney, President Donald Trump’s director of his Office of Management and Budget (OMB), reality is setting in. On the campaign trail Trump repeatedly promised four percent growth in the GDP (gross domestic product): “We’re bringing it from 1 percent up to 4 percent. And I actually think we can go higher than 4 percent. I think you can go to 5 percent or 6 percent.” (October, 2016). Later that month he doubled down during a speech to an audience in North Carolina: “I’m going to get us to 4 percent growth and create 25 million jobs over a 10-year period.”
Mulvaney’s editorial in the Wall Street Journal on Wednesday was unapologetic: “We are promoting MAGAnomics — and that means sustained 3 percent growth.” This new tag, which incorporates the acronym for “Make America Great Again,” is a play on “Reaganomics” from the 1980s:
Will Mulvaney Have Any More Success with MAGAnomics than Stockman did with Reaganomics?
- Tuesday, 18 July 2017 05:42
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This article was published by The McAlvany Intelligence Advisor on Monday, July 17, 2017:
Mick Mulvaney.
After serving in the House as a Republican representative from Michigan, David Stockman served as President Ronald Reagan’s OMB director from January 1981 until he quit 4½ years later in frustration. He got half of Reaganomics passed – the tax reduction part. He failed in getting the other half passed – the government spending cut part.
Mick Mulvaney is now Trump’s OMB Director after serving in the House as a Republican from South Carolina. And his job is likely to be as difficult and frustrating as was Stockman’s.
It’s far too soon to speculate about Mulvaney.
Goldilocks Stock Market Making Forecasters Nervous
- Friday, 14 July 2017 05:33
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This article appeared online at TheNewAmerican.com on Thursday, July 13, 2017:
At the moment, Wall Street investors are enjoying a “Goldilocks” economy: not so hot that it pushes prices up and not so cold that it causes a recession. Translation: Unemployment is low, wages are rising, interest rates are still near record lows, the gross domestic product (GDP) continues to grow (although not as fast as President Trump would like), and inflation is under control.
It isn’t a perfect world, but to Wall Street investors it’s close.
Robots and Kiosks (and Amazon) are Making Jobs Reports Irrelevant
- Saturday, 08 July 2017 05:32
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This article was published by The McAlvany Intelligence Advisor on Friday, July 7, 2017:
MarketWatch
Malcolm Frank is one of those rarest of futurists: He sees what’s coming and writes clearly about what to do about it. In his What to do When Machines do Everything: How to get Ahead in a World of AI, Algorithms, Bots and Big Data, Frank discusses the massive upheavals businesses are going through as they try to keep up and stay profitable.
One issue he doesn’t discuss is how to measure the new economy’s output.
Jobs Market Getting Tighter, Says ADP
- Friday, 07 July 2017 05:24
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This article appeared online at TheNewAmerican.com on Thursday, July 6, 2017:
At first blush the jobs report from ADP, the data-processing firm that works with Moody’s Analytics in developing its monthly review, looked disappointing. Economists had expected 185,000 new jobs created in June but instead they got just 158,000. Further, both estimates and ADP were well below the 230,000 new jobs number reported for May.
A closer look behind the headlines reveals a startling fact:
Crude Oil’s Bear Market Is Crushing OPEC
- Monday, 03 July 2017 09:58
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This article appeared online at TheNewAmerican.com on Monday, July 3, 2017:
Map of the territory and area covered by present-day Saudi Arabia.
The world’s price of crude oil fell farther in the first six months of 2017 than in any six-month period in the last 19 years. From its peak in January it dropped by more than 21 percent by the middle of June, qualifying it in Wall Street jargon as a “bear market.”
This isn’t part of OPEC’s plan. The once-influential cartel was sure that by taking 1.8 million barrels a day of crude oil production off the world markets, the world price of oil would shortly hit its target of $60. And it almost made it, rising to $57 a barrel before beginning its long and crushing decline.
OPEC was sabotaged not only by noncompliance among its members and production from those to which it gave a pass (Libya and Nigeria), who produced more than was expected, but also by
Enjoying Record Low Gas Prices? Thank a Fracker!
- Wednesday, 28 June 2017 05:23
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This article appeared online at TheNewAmerican.com on Tuesday, June 27, 2017:
Of the estimated 44 million Americans who will travel over the upcoming Independence Day holiday weekend (a record, by the way), 37.5 million of them will drive to their destinations. Along the way they will not only spend nearly a dollar a gallon less for gas than they have over the last 10 years on average, they will spend less on gas than any Independence Day since AAA has been keeping records. In addition, this will be the first time in nearly two decades that they will be spending less for gas in July than they did in January. On average over the last decade gas prices have been 47 cents a gallon higher on the Fourth of July than on New Year’s Day.
Consumers are always the ultimate beneficiaries of improved technologies, as producers are
Starving Venezuelans Risk 60 Miles of Open Ocean to Barter for Food
- Monday, 26 June 2017 15:51
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This article appeared online at TheNewAmerican.com on Monday, June 26, 2o17:
The red flag of socialism is red for a very good reason.
The end stages of socialism in Venezuela are forcing citizens to do anything they can to obtain food for themselves and their families, including risking their lives. Mariana Revilla, a medical doctor reduced to making midnight excursions over 60 miles of open ocean to feed her family, was making her fifth trip to Trinidad when her boat capsized, costing her her life and the lives of two others assisting her.
Her boat contained seven tons of flour, sugar, and cooking oil that she had obtained through barter at one of the west coast towns of Trinidad, exchanging them for the tons of fresh shrimp she had brought with her. Others making the midnight trips would take with them anything of value to exchange for food and basic necessities, making the boats look like a floating garage sale: plastic chairs, house doors, ceramic cooking pots, and even exotic animals such as iguanas and macaws to trade for food.
Socialists promise that such things could never happen in the “paradise” they are determined to build. Americans for Prosperity (AFP) compared the promises to the reality which Venezuelans are now facing daily:
Puerto Rico’s Vote for Statehood Means Nothing
- Tuesday, 13 June 2017 05:28
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This article appeared online at TheNewAmerican.com on Monday, June 12, 2017:
Despite 97 percent of Puerto Ricans voting for statehood in Sunday’s plebescite, the chances of adding the island as the country’s 51st state are between slim and none.
The island’s voters had three choices on Sunday’s ballot: Stay as a U.S. territory, move ahead with statehood, or seek full independence as a sovereign nation. This is the fifth vote on the issue since 1967, with the first three failing to gain a majority vote for statehood. That majority is required for the U.S. Congress to consider it. The fourth vote was marred by some 500,000 voters boycotting it to protest the ballot allegedly being rigged in favor of statehood.
The chances this time aren’t any better.
What’s Life Really Like in Venezuela?
- Saturday, 10 June 2017 05:20
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This article was published by The McAlvany Intelligence Advisor on Friday, June 9, 2017:
Personal suffering under socialist and communist regimes is often buried under mounds of statistics. In Venezuela, for example, observers know that Maduro’s madness has caused its economy to shrink by a quarter since 2013, that unemployment touches one out of four, that the bolivar is essentially worthless thanks to runaway inflation, that grocery stores and supermarkets have miles of empty shelves, that dozens of protesters have been shot and killed, thousands of others have been arrested and are rotting away in filthy jails with some of them being tortured daily, and on and on.
Once in a while, however, the truth bubbles to the surface, sometimes in out-of-the-way places.
Aetna Next to Leave Connecticut for Better Business Climate
- Wednesday, 07 June 2017 05:41
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This article appeared online at TheNewAmerican.com on Tuesday, June 6, 2017:
Aetna Insurance Company and Aetna National Bank, Hartford, Conn, from Robert N. Dennis collection of stereoscopic views
Aetna, the $50 billion health insurer that has had its headquarters in Hartford, Connecticut, since 1853, confirmed rumors last week that it was looking to move out of state. The company said, “We are in negotiations with several states regarding a headquarters relocation, with the goal of broadening our access to innovation and the talent that will fill knowledge-economy type positions … and hope to have a final resolution by early summer.”
Hartford’s Mayor Luke Bronin expressed his disappointment:
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