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.

In less than an hour on Wednesday, Facebook tycoon Mark Zuckerberg lost $16.8 billion. But the real loser isn’t Zuckerberg: It’s the investors in Facebook, who watched the stock drop 20 percent.

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.

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