The Cost of Living Adjustment (COLA) announcement to be made next week has stirred offerings of how to "fix" Social Security.
Heading into the Christmas shopping season, manufacturing and transportation numbers should be much better than they are.
The elites at the International Monetary Fund (IMF), meeting this week in Washington, D.C., are clearly worried about the increasing opposition to globalization. Their concern should give the rest of us hope for keeping our national sovereignty.
On September 19, 2016, at Rice University’s Baker Institute for Public Policy in Houston, James A. Baker III, former chief of staff to President Ronald Reagan and later secretary of state and of treasury, introduced U.S. Trade Representative Michael Froman, who then gave a speech promoting one of the new “free trade” agreements called the Trans-Pacific Partnership (TPP). According to both men, our country can only make one realistically constructive choice: U.S. adoption of, and accession to, the TPP.
Wolf Richter of Wolf Street is half right: AVs will displace millions. But he is wrong when he suggests they'll be out of work.
A planned trillion-dollar initiative would send more American companies and jobs overseas, and bring more Chinese investment, more foreign workers, and more refugees here.
Last week, following years of losses as the global economy has slowed, South Korean shipping giant Hanjin declared bankruptcy. More bankruptcies are likely on the horizon.
Taking aim at the Federal Reserve's politically motivated manipulation of the U.S. economy, GOP presidential candidate Donald Trump blasted the central bank's artificially low interest rates. He also denounced the “very false economy” propped up by Fed monetary gimmicks. Democrat nominee Hillary Clinton, though, hit back immediately, saying Trump should not malign or even comment on the increasingly unpopular institution that controls America's monetary system.
Although supply-side economics produced two of the longest expansions in U.S. history, the current reliance on Keynesian economic principles — including the potential for negative interest rates — is being allowed to damage the economy.
Pressure from above and below: At the Federal Reserve’s Jackson Hole summit, central bankers sat down with street revolutionaries to give the impression there is popular support for their plans to raid the savings and investments of the middle classes worldwide.