Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Unemployment

Saudi Arabia Announces Its Willingness to “Stabilize” Oil Prices

This article appeared online at TheNewAmerican.com on Tuesday, November 24, 2015:  

On Monday Saudi Arabia’s council of ministers confirmed the rumors that the leader of the OPEC cartel is now willing to “stabilize” world oil prices, saying in its announcement:

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Recession Indicators: Pick one

This article was published by The McAlvany Intelligence Advisor on Wednesday, November 18, 2015:

As a general rule a recession is two quarters of negative growth (aka decline) in the country’s gross domestic product (GDP). GDP, in simplest terms, is a measure of industrial production, employment, real (inflation-adjusted) income, and wholesale and retail trade.

The trick is knowing when a recession is coming. Even trickier is knowing what to do about it beforehand.

The Bureau of Economic Analysis (BEA) said GDP

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More Signs the Economy Is Slowing

This article appeared online at TheNewAmerican.com on Tuesday, November 17, 2015:  

The latest Empire State Manufacturing Survey issued by the New York Federal Reserve Bank on Monday confirms an increasingly ominous economic trend: The fourth consecutive monthly decline in its index is the longest since early 2009.

Its authors didn’t even try to sugarcoat it:

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Brazil Teetering on the Edge of Recession, or Worse

This article appeared online at TheNewAmerican.com on Monday, September 28, 2015: 

English: Official photo of President Rousseff,...

President Dilma Rousseff

Brazilians are facing a bleak future. The combination of last week’s downgrade of the country’s government debt to junk, along with downgrades on the debt of many of its major industries, and the unfolding “Operation Car Wash” scandal at Petrobras (the massive government-owned oil company), all spell trouble for an economy already in decline.

Brazil’s currency, the real, was once pegged to the dollar, but

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“Operation Car Wash” is Sinking Petrobras, and Brazil as well

This article was published by The McAlvany Intelligence Advisor on Monday, September 28, 2015:  

Like flies attracted to honey, Brazilian politicians saw their opportunities and took them. Initially a money laundering investigation in Brazil focused on just one company, a manufacturer of electronic components that was being used by a criminal ring to hide and whitewash its illegal gains. The owner, Hermes Magnus, apparently discovered the activity back in 2008 and notified local police.

By March 2014 the investigation had spread to more than 230 individuals, including

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Study: Businesses, Taxpayers Fleeing High-tax States

This article appeared online at TheNewAmerican.com on Thursday, September 10, 2015: 

Based on the latest data from the Internal Revenue Service, Americans for Tax Reform (ATR) concluded that, given the opportunity, taxpayers as well as businesses move from high-tax states to lower-tax states. In 2013, more than 200,000 people moved from New York, Illinois, California, Connecticut, and Massachusetts to Texas, Florida, South Carolina, North Carolina, and Arizona.

And they took with them more than

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Is Puerto Rico America’s Greece?

This article appeared online at TheNewAmerican.com on Monday, July 6, 2015: 

After running deficits every year since 1973 and paying for them by borrowing, the U.S. commonwealth of Puerto Rico has finally run out of options. On June 28, the island’s Governor Garcia Padilla admitted that its $73 billion “debt is not payable.… We will [shortly] be in a death spiral.” Padilla added: “There is no other option. I would love to have an easier option. This is not politics, this is math.”

The math is persuasive.

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Greeks Shout “NO!”

This article was published by The McAlvany Intelligence Advisor on Monday, July 6, 2015:  

Greek citizens shouted “No!” to further austerity measures for the hapless country in exchange for more of what got it into trouble in the first place: other people’s money. The lopsided 60-40 vote astonished telephone pollsters, who predicted a much narrower victory for Greek Prime Minister Alexis Tsipras of the far-left Syriza party. Although the issues were far more complicated than the referendum made it appear, the 68-word ballot question made it easy: do you want more increases in taxes, more cuts in pension benefits, another increase in the VAT … or not?  Translated into English, the ballot read:

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Greece to the EU: NO!

This article was published online at TheNewAmerican.com on Monday, July 6, 2015:  

In an astonishing blow to the European Union’s credibility, Greek voters, fed up with five years of austerity, continuing recession, 25-percent unemployment, and severe cuts in pension payouts, strongly said “No!” at the ballot box Sunday. The 68-word ballot question, rejected by 61 percent of the voters, reads (translated into English):

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OECD Issues Pessimistic Forecast for France

This article appeared online at TheNewAmerican.com on Wednesday, June 24, 2015: 

The OECD — the Organization for Economic Cooperation and Development — put the best face possible on France’s declining economy in its just-released forecast. The report was full of optimism about the future but admitted that the present reality is discouraging. Note the use of words “projected” and “should” in its opening paragraph:

Economic growth is projected to gain momentum in 2015 and 2016. Lower energy prices, improving financial conditions, slowing fiscal consolidation, strengthening external demand and a pro-competitive reform agenda should underpin an increase in consumption and export volumes.

But the reality is far different, said the OECD: 

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U.S. Economy Goes Negative in the First Quarter

This article first appeared online at TheNewAmerican.com on Friday, May 29, 2015: 

The Commerce Department reported on Friday that the U.S. economy shrank at an annual rate of 0.7 percent, a sharp downward revision from its previous tepid estimate that it would grow by 0.2 percent.

It caught most mainstream economists off guard once again, with many predicting positive growth right up until Friday, and more remaining doggedly optimistic that growth will return. Economists polled by the Wall Street Journal just 10 days ago were holding to a 3-percent growth rate in the economy for 2015, while analysts polled by the AP just prior to the release on Friday were still predicting growth of between 2 and 2.5 percent for the year.

Paul Ashworth, chief U.S. economist at Capital Economics, is waiting for evidence that growth will return in the second quarter:

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Hillary Finally Comes Clean: The Economy Is “Stalled”

This article first appeared online at TheNewAmerican.com on Tuesday, April 21, 2015:

During Hillary Clinton’s road trip to New Hampshire on Monday, something remarkable occurred: She told the truth about the economy, telling her supporters that the economy has “stalled out” and, adding, “It’s not enough to tread water.”

A month ago while she was busy not running for president, Clinton never uttered a word about the weakening economy, giving mute evidence that she was unwilling to risk telling the truth and offending both the president and her Democrat supporters. This despite evidence that Americans have put economic worries at or near the top of their concerns for months on end. This despite the fact that the nation’s GDP fell off a cliff in January and February. This despite the fact that job growth since the start of the Great Recession has been half what it was during the Reagan recovery in the 1980s. This despite evidence that new business startups have continued their decline since 2009, and evidence that business investment in new enterprises has dropped sharply at the same time.

But evidence just released has so overwhelmed the Democrat stance that everything is ducky that it apparently has forced Clinton to admit what is obvious to the voters whose support she is seeking:

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Mayor Rahm Emanuel’s Election Win Will Cost Chicago Even More

This article first appeared online at TheNewAmerican.com on Tuesday, April 7, 2015:

, former White House Chief of Staff

Going into Tuesday’s runoff election, Mayor Rahm Emanuel held nearly a 20-point advantage over his rival, Jesus “Chuy” Garcia, a hard-left progressive member of the Cook County Board of Commissioners. Four years ago Emanuel won in a walk, taking 55 percent of the vote. In February he couldn’t even manage a majority, with just 46 percent, forcing Tuesday’s runoff. As a North Side small business owner explained:

[In February] I cast an “anybody-but-Rahm” vote. Rahm is not a likeable guy. Sadly, he has no competition. Chuy is a nice guy but doesn’t seem to have a clue what he would do if elected.

When I go back for the final vote, I will vote for Rahm. Maybe he has a chance of fixing some of the [city’s] financial problems.

That’s hardly likely. In the past four years, Emanuel’s abrasive personality and his leftist worldview have added immensely to Chicago’s woes:

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Latest Jobs Report Deceptive; Jobs Exported Overseas

This article first appeared online at TheNewAmerican.com on Saturday, March 7, 2015:

English: A North American Free Trade Agreement...

North American Free Trade Agreement logo

The employment report from the Labor Department on Friday was hailed as more evidence that the worst from the Great Recession is now in the rear view mirror, and receding. The unemployment rate in February dropped to 5.5 percent, lower than economists were predicting, while job growth added nearly 300,000 jobs, pushing the streak of gains of 200,000-plus new jobs per month out to a full year, the longest such streak since 1995.

The news caused stocks to lose more than one percent of their value, as Wall Street expected the robust numbers to hasten the day when the Fed would increase interest rates, potentially slowing the sluggish economy even further. Investors needn’t worry: Friday’s report was a head-fake.

If the recovery were real,

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Wisconsin Governor Walker to Substantially Reduce University Spending

This article first appeared online at TheNewAmerican.com on Wednesday, February 4, 2015: 

On Tuesday, as part of his continuing quest to bring Wisconsin’s government spending under control, Governor Scott Walker announced a 13-percent cut to the University of Wisconsin’s $2.3 billion annual budget. In addition, his plan includes a two-year tuition freeze and the severance of state control over the university, passing it over to an autonomous authority. It also includes drug testing for people applying for public assistance, the merging of several state agencies, and the elimination of 400 state jobs. Walker explained: “Our plan will use common-sense reforms to create a government that is limited in scope and ultimately more effective, more efficient and more accountable.”

He also made clear in a radio interview that professors are going to have to ante up as well: 

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OPEC’s Hegemony is over

This article was first published at The McAlvany Intelligence Advisor on Monday, October 27, 2014:

English: Saudi Arabia

Saudi Arabia

Tim Treadgold, a Forbes contributor who watches the world’s energy markets, decided to break the journalist’s unspoken rule: never forecast the demise of an individual (or an institution) until he is holding the coroner’s report (or bankruptcy judgment) in his hand:

At grave risk of committing [that] cardinal sin … this time it might be different because OPEC is steadily losing control of the oil market….

The irony, he said, was staggering:

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California Governor Being Challenged by Republican Upstart in November

This article first appeared at TheNewAmerican.com on Tuesday, September 23, 2014:

English: Photo of California Attorney General ...

California Governor Jerry Brown

In response to a challenge posed by his Republican opponent for the governorship in November, California Governor Jerry Brown said:

A lot of people forget the mess that California was in just four years ago. There were 1 million jobs that had been lost. Our budget deficit was astronomical: 27 billion. We hadn’t had a budget on time in probably 10 years.

Brown’s challenger is Republican Neel Kashkari, a practicing Hindu born of Indian parents with a background as a Bush appointee and a former executive with Goldman Sachs. While his political positions on key issues qualify him as a RINO — Republican in Name Only — he is already closing the gap on the once-invincible California governor.

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Will Tax Cuts Rescue Kansas Governor Brownback in November?

This article first appeared at TheNewAmerican.com on Monday, September 22, 2014:

Sam Brownback, member of the United States Senate

Kansas Governor Sam Brownback

Rarely has a governor’s race had such a clear-cut focus. In Kansas, Republican Governor Sam Brownback is facing a strong challenge from Democrat Paul Davis, who is concentrating on Brownback’s tax policies, which were designed to stimulate Kansas’ moribund economy. They’re not working, says Davis, and the tax cuts passed by Brownback 20 months ago need to be repealed to save the Kansas economy and protect government services.

Davis is getting a lot of help from liberals and from moderate Republicans who

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New Low-cost Robots Making Factory Workers More Efficient

This article first appeared at TheNewAmerican.com on Thursday, September 18, 2014:

Factory Automation with industrial robots for ...

Factory Automation with industrial robots for metal die casting in foundry industry, robotics in metal manufacturing (Photo credit: Wikipedia)

Long before calls for a higher minimum wage became headline news, fast-food restaurants such as Applebee’s and Chili’s were already moving toward the use of robots to replace waiters. The day before President Obama called for an increase in the minimum wage last December, Applebee’s announced it would be replacing its servers with Presto — a table tablet that customers can use to order and to pay their bills. Commenting on Presto’s advantages, Annie Lowry wrote in National Review

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July BLS Jobs Report: The Sound of One Hand Clapping?

This article was first published at TheNewAmerican.com on Monday, August 4, 2014:


To Jeffry Bartash, writing for the Wall Street Journal’s MarketWatch, Friday’s jobs report looked awfully good: 209,000 new jobs were added in July and in all the right places: mining, construction, manufacturing, transportation, and warehousing. In addition, there was almost no growth whatsoever in the “government” sector: just 11,000 new jobs were created there last month. This, according to Bartash, means that the economy is on a hot streak, having generated more than 200,000 new jobs every month for the last six months — the first time that has happened since 1997.

Added Bartash:

In the first seven months of 2014 the economy has gained an average of 230,000 jobs. That’s the best stretch of job creation since the [Great Recession] ended in mid-2009 and 19% faster than the pace of hiring in 2013.

End of story? Not quite.

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.

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