Even Kevin Hassett, chairman of President Trump’s Council of Economic Advisors, fails to grasp the dynamics of the new Trump economy: Five percent growth is not only achievable but increasingly likely.
At the behest of the public transportation and taxi dirvers’ unions, New York City Mayor Bill de Blasio signed a bill into law that regulates ride-sharing companies such as Uber and Lyft. It will make customers pay more and wait longer for rides.
State employee pensions, negotiated by greedy public employee unions and rubber-stamped by short-sighted politicians have left several states teetering on the edge of financial insolvency and there is no solution in sight.
Thanks to increasing production in the Permian Basin in West Texas, Texas is set to pass Iraq and Iran to become the world’s third-largest producer of oil by next year.
Though jobs are plentiful, some economists are predicting a downturn, which recalls the truism that economic forecasting makes weather forecasting look good.
Since the Empire State Manufacturing Survey — taken by the New York Federal Reserve — measures the economic outlook of just 200 manufacturers in one state, its drop is really nothing to worry about, right?
Should you need a license to pump gas? Some people seem to think so, which is perhaps why Oregon had a 56-year-old law prohibiting you from dispensing your own petrol. Now the state has finally modified the proscription, allowing people in rural areas to pump their own gas — and some Oregonians are getting the vapors.
The National Transportation Safety Board (NTSB) reports that the Amtrak train that derailed on Monday on its way to Portland from Seattle was going 80 mph on a 30 mph track. Sadly, Amtrak derailments are not particularly unusual and the transportation system has long been known for its incompetence and “weak safety culture,” which brings up the question, why does the government continue to subsidize Amtrak?