In its just-released report “The 2015 Long-Term Budget Outlook,” the Congressional Budget Office stated bluntly that the long-term outlook for the federal budget has worsened dramatically.
Seattle, Los Angeles, and many other cities are passing minimum-wage laws; however, history has shown that wages and prices should be set by the free market, not by government.
A vote in the European Parliament on the TTIP was postponed in the face of mounting political pressure.
It's to be hoped that common sense prevails in Topeka. It's far too soon to end the experiment which would quash the economic revival in Kansas.
In a glaring example of Orwellian double-think, advocates of ObamaTrade say that it will create jobs while at the same time saying that we must pass a Trade Adjustment Assistance bill (TAA) to provide subsidies for U.S. workers who will lose their jobs.
While the U.S. Department of Labor continues to tout decreased unemployment rates, the reality is that a significant portion of the unemployed have simply withdrawn from the job market entirely, according to a survey by Express Employment Professionals. According to the survey, 40 percent of the 8.5 million unemployed Americans have given up looking for jobs.
Once again the free market is working its magic — this time in the automotive field, with driverless cars and leased cars. Its "invisible hand" is making life simpler, easier and cheaper.
The Atlanta branch of the Federal Reserve System's GDPNow has a record of embarrassing mainstream economists who continue to view the economy through rose-colored glasses.