The impact of the 15-percent “foreign buyer transfer tax” levied by Vancouver, Canada, was felt almost immediately: Real estate prices started falling, builders are cancelling, workers are being laid off, and the negative ripple effect is rolling ever outward.
Brian Krzanich, head of Intel, probably didn’t know he was making the case for free trade, despite the fact that trade deficits happen, when he announced from the White House on Wednesday morning his company’s plans to build a new plant in Chandler, Arizona.
The latest Rich States, Poor States study from the American Legislative Exchange Council and United Van Lines confirms both logic and history: people move to lower-tax, business-friendly states.
Data from the Treasury Department indicates that the national debt under President Barack Obama grew by about $9 trillion, or an increase of 86 percent.
Data posted on the Treasury Department’s website indicates that the federal government’s total public debt outstanding increased by $1,054,647,941,626.9 during 2016.
The Japanese hi-tech giant SoftBank announced that it has agreed to invest $1 billion in OneWeb, a satellite manufacturing firm in Florida, creating as many as 3,000 jobs.
Dallas' decision to stop lump-sum withdrawals from a special retirement fund for police and firemen that is billions short in funds just stops the financial bleeding. It does not cure the patient.
"Upside sensitivity" analyses are the new buzz-words, as companies begin to make plans to invest in the U.S. economy.
Trump claims a victory as Ford Motor Company will keep producing Lincoln MKCs in Kentucky instead of moving that operation to Mexico.
“I think of this job as being a relay runner,” President Obama says regarding the transfer of power to the new president. But what he understandably does not say is that he will be handing over to President-elect Trump a basket of economic deplorables.
Though many analysts are predicting a big decline in the stock market, a repeat of Black Monday is highly unlikely. Not impossible, just highly unlikely.