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Tackling climate change will boost economic growth, OECD says

cnbc.com

Tackling climate change will boost economic growth, OECD says

- A new report from the Organisation for Economic Co-operation and Development (OECD) says that the integration of measures to fight climate change into economic policy will aid economic growth, both in the medium and long term. The report – Investing in Climate, Investing in Growth – stated that "strong fiscal and structural reform combined with coherent climate policy" would help governments generate growth that would both lessen the risks of climate change and provide "near-term economic, employment and health benefits

Categories: Business |  Science & Nature | 
Places: Americas |  North America |  United States | 

The ‘Trump bump’ is dead, this economic indicator is telling us

marketwatch.com

The ‘Trump bump’ is dead, this economic indicator is telling us

- By this indicator’s standards, bond investors don’t hold out much hope for the U.S. economy. The spread between yields on the 2-year Treasury note and the 10-year Treasury note typically used to plot the so-called yield curve, narrowed more than 8 basis points last week to 0.962%, the tightest since before President Donald Trump’s election on Nov. 9. A measure of growth and inflation expectations, the yield curve is one of the best leading economic indicators, according to Jeffrey Cleveland, chief economist at Payden and Rygel

Categories: Politics & Government |  Business | 
Places: Americas |  North America |  United States | 

Ford shuffles executive ranks in its race to take on Silicon Valley

washingtonpost.com

Ford shuffles executive ranks in its race to take on Silicon Valley

- Ford Motor Company on Monday replaced its chief executive, Mark Fields, with former office furniture executive Jim Hackett. The 114-year-old auto giant seeks to become a transformative company capable of taking on Silicon Valley darling Tesla and the coming revolution in smart driving. Fields retired after 28 years at the company, replaced by former Steelcase CEO Hackett, who has almost zero experience in automobiles until he joined the company last year to head its “smart mobility” transportation initiative

Categories: Business | 
Tags: Economy |  Economics | 
Places: Americas |  North America |  United States |  West |  Pacific |  California |  North |  Bay Area |  Silicon Valley | 

American Samoa urged to take Hawaii's lead on economic growth

radionz.co.nz

American Samoa urged to take Hawaii's lead on economic growth

- An economist from the United States Department of Interior says American Samoa should look at what Hawaii does if it's to maintain fiscal stability. Wali Osman says Hawaii is regarded as one of the most financially stable states of the union because its laws require it to live within its means. Mr Osman was in the territory earlier this month to gather input from government and private section officials on how American Samoa can achieve economic growth

Categories: Business | 
Places: New Zealand |  United States |  West |  Pacific |  Hawaii | 

What’s Weighing on Utah’s Economy? Not a Dearth of Work, but of Workers

nytimes.com

What’s Weighing on Utah’s Economy? Not a Dearth of Work, but of Workers

- “I’m trying to find a company that treats you well,” he said. But labor shortages are weighing on overall economic growth, slowing the pace of expansion in northern Utah and other fast-growing regions even as unemployment remains stubbornly high in Rust Belt cities like Cleveland and in regions still recovering from the 2008 recession, like inland California. To Todd Bingham, the president of the Utah Manufacturers Association, “3

Categories: Business | 
Tags: Economy |  Economics | 
Places: Americas |  North America |  United States |  West |  Mountain |  Utah | 

Wind Project in Wyoming Envisions Coal Miners as Trainees

nytimes.com

Wind Project in Wyoming Envisions Coal Miners as Trainees

- The company has an agreement to supply turbines, potentially 850, to a project in Carbon County, Wyo., where the state’s first coal mine opened a century ago. Once construction is completed, as many as 200 workers will be needed to maintain and operate the plant. The chief executive, David Halligan, said in a telephone interview that he expected coal workers to have relevant skills, mainly electrical and mechanical, and experience working under difficult conditions

Categories: Business | 
Tags: Economy |  Economics | 
Places: Americas |  North America |  United States |  West |  Mountain |  Wyoming | 

Trump to propose big cuts to safety-net in new budget, slashing Medicaid and opening door to other limits

washingtonpost.com

Trump to propose big cuts to safety-net in new budget, slashing Medicaid and opening door to other limits

- President Trump’s first major budget proposal on Tuesday will include massive cuts to Medicaid and call for changes to anti-poverty programs that would give states new power to limit a range of benefits, people familiar with the planning said, despite growing unease in Congress about cutting the safety net. For Medicaid, the state-federal program that provides health care to low-income Americans, Trump’s budget plan would follow through on a bill passed by House Republicans to cut more than $800 billion over 10 years

Categories: Business |  Health | 
Tags: Economy |  Medical Care |  Economics | 
Places: Americas |  North America |  United States | 

Economy minister: Quintuple Israeli exports to US by 2020

jpost.com

Economy minister: Quintuple Israeli exports to US by 2020

- Ahead of US President Donald Trump’s visit this week, Economy Minister Eli Cohen called upon Israel to quintuple its exports to America by 2020.“The United States was, remains and will be Israel’s most important trading partner,” Cohen said on Sunday. “We are working to increase exports to the US as part of the Economy and Industry ministries’ goal of increasing exports from Israel to more than $100 billion by 2020

Categories: Business | 
Tags: Markets |  Economy |  Economics |  Exports | 
Places: United States |  Asia |  Mideast |  Israel | 

Economist says state’s lower coal production levels a “new normal”

wyomingnews.com

Economist says state’s lower coal production levels a “new normal”

- CHEYENNE – Wyoming is experiencing a “new normal” in lower coal production levels, the leader of an energy economics center said this week. Robert Godby, director of the Energy Economics and Public Policies Center at the University of Wyoming, talked about state coal production and its future Thursday at the 2017 Energy Summit in Cheyenne. The Wyoming Business Report sponsored the conference

Categories: Business | 
Tags: Economics |  Economists | 
Places: Americas |  North America |  United States |  West |  Mountain |  Wyoming |  Cheyenne | 

U.S., Saudi Arabia reach tentative pacts potentially worth $110 billion

washingtonpost.com

U.S., Saudi Arabia reach tentative pacts potentially worth $110 billion

- A month ago, Secretary of State Rex Tillerson delivered a brief speech at the U.S.-Saudi Arabia CEO summit with a succinct message: “One of our policy priorities is to get better deals for the United States.” On Saturday, Saudi Arabia seemed to deliver. The kingdom signed tentative agreements that the Trump administration said could be worth $110 billion, including fighter jets, ships and missiles, as well as energy technology, health-care expertise, job training and a $40 billion joint infrastructure investment fund

Categories: Business | 
Tags: Economy |  Economics | 
Places: Americas |  North America |  United States |  Asia |  Mideast |  Saudi Arabia | 

Washington’s portable toilet industry is flush, thanks to Trump

washingtonpost.com

Washington’s portable toilet industry is flush, thanks to Trump

- President Trump vowed on the campaign trail to boost economic growth and be the “greatest jobs producer that God ever created.” His economic legacy in this young presidency is far from sealed, but it’s safe to say he has made at least one industry flush: The Washington region’s portable toilet industry. The Trump presidency has brought an increased number of protests — and, yes, bladders and bowels — to the Mall

Categories: Business | 
Tags: Economy |  Economics | 
Places: Americas |  North America |  United States | 

Trump signs Saudi defense, economic deals

kcrg.com

Trump signs Saudi defense, economic deals

- RIYADH, Saudi Arabia (AP) - President Donald Trump and Saudi King Salman signed a series of agreements cementing their countries' military and economic partnerships. The two leaders signed a joint vision agreement Saturday at the Saudi Royal Court and sealed it with a handshake. The agreements also include a military sales deal of about $110 billion, effective immediately, plus another $350 billion over the next 10 years

Categories: Politics & Government |  Business | 
Tags: Politicians |  Economy |  Economics |  Donald John Trump | 
Places: Americas |  North America |  United States |  Asia |  Mideast |  Saudi Arabia |  Midwest |  West |  Iowa |  Riyadh | 

Student Debt’s Grip on the Economy

nytimes.com

Student Debt’s Grip on the Economy

- After decades of rising college costs and tepid income growth, student debt has become a drag on graduates’ hopes and a threat to economic growth. The cost of a four-year college education, adjusted for inflation, is two and half times as much as it was in the 1978-79 school year, while median family income has increased only 20 percent. A new report by the Federal Reserve Bank of New York documents the hardship that has resulted from the soaring level of student debt taken on to cover those costs

Categories: Business |  Education | 
Tags: Economy |  Money |  Students |  Higher Education |  Economics |  Colleges |  Debts |  Income |  Tertiary Education | 
Places: Americas |  North America |  United States |  Northeast |  Atlantic |  New York | 

The place where old-fashioned malls are beating Amazon: Small-town America

washingtonpost.com

The place where old-fashioned malls are beating Amazon: Small-town America

- Hair freshly done from the beauty parlor on a recent Friday morning, Ada Clark, 93, and her daughter Carol, 63, met in front of the J.C. Penney in the Pueblo Mall, about 100 miles south of Denver. Their afternoon plan: a walk around the mall, followed by lunch at Red Lobster. When the mall was built in 1976, Pueblo was a booming steel town

Categories: Business |  Life & Style | 
Tags: Economy |  Fashion |  Economics | 
Places: Americas |  North America |  United States | 

WV delegates pass tax revenue measure

herald-dispatch.com

WV delegates pass tax revenue measure

- CHARLESTON - The members of the West Virginia House of Delegates on Friday established a tax revenue offer they knew could be something their cohorts in the Senate and Gov. Jim Justice could refuse in the course of negotiating toward a budget resolution for 2018. During the seventh day of a special session of the 83rd West Virginia Legislature, members of the Republican-majority House approved a revenue measure by a margin of 79-17 that largely reflected the budgeting philosophy of House majority leaders to increase state revenue by eliminating exemptions to the state's sales tax

Categories: Business | 
Tags: Taxes |  Economy |  Economic Policies |  Economics |  Revenue |  Tax revenue |  Public Finance |  Taxation | 
Places: Americas |  North America |  United States |  South |  Atlantic |  West Virginia |  Charleston | 

Dealmaker Trump will be busy in Saudi Arabia

cnn.com

Dealmaker Trump will be busy in Saudi Arabia

- The first stop on President Trump's first overseas trip is Saudi Arabia. It may also be the busiest. He's due to attend three summits in two days and witness the signing of several deals worth billions of dollars. "There's an economic depth to his visit," said Ahmed Alibrahim, an expert in Saudi-U.S. relations based in Riyadh. Trump would be looking to sign "major deals" with Saudi Arabia and the Gulf states, he added

Categories: Business | 
Tags: Economy |  Economics | 
Places: Americas |  North America |  United States |  Asia |  Mideast |  Saudi Arabia | 

CH2M Hill subsidiary to cut 147 jobs after losing North Slope contract

adn.com

CH2M Hill subsidiary to cut 147 jobs after losing North Slope contract

- Nearly 150 people will lose their jobs after a CH2M Hill subsidiary lost a North Slope contract to a competitor, sparking fears among union and state officials that the primarily Alaska workforce will be replaced by a large number of Outside employees during a time of economic hardship for the state. BP issues the contract for oilfield services at the Prudhoe Bay fields, and the work was done primarily by members of local unions in Alaska

Categories: Business | 
Tags: Economy |  Corporate |  Enterprises |  Economics |  Contracts | 
Places: Americas |  North America |  United States |  West |  Pacific |  Alaska |  North Slope | 

Latest Stories

Home / United States / Business / Economics
Moody's downgrades China, warns of eroding financial strength as debt rises
SHANGHAI Moody's Investors Services downgraded China's long-term local and foreign currency issuer ratings on Wednesday, citing expectations that the financial strength of the world's second biggest economy would erode in the coming years. The ratings agency also changed its outlook for China to stable from negative. The downgrade by one notch to an A1 rating from Aa3 comes at a time when the Chinese government is grappling with the challenges of slowing economic growth and rising financial risks stemming from soaring debt   Read More ...
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Places: United States |  East |  Shanghai | 
Uber to Give Drivers Some Money Back, but They Could Be Due More
Uber to Give Drivers Some Money Back, but They Could Be Due More Photo Uber said on Tuesday that it had made a mistake in the way it calculated its commissions, at a cost of tens of millions of dollars to its New York drivers, and the company vowed to correct the practice and make the drivers whole for the lost earnings. The ride-hailing service said it had been taking its cut from a figure including state taxes, rather than a pretax fare   Read More ...
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Economists See Little Magic in Tax Cuts to Promote Growth
Economists See Little Magic in Tax Cuts to Promote Growth Photo If one assumption has undergirded Republican economic policy for decades — and is the foundation of the Trump administration’s first budget proposal — it is that tax cuts will unleash fantastic growth. The basic idea is that shrinking the government’s share increases what people take home, encouraging workers to work more and investors to invest more. But while taxes can create incentives that can promote growth, liberal and conservative economists alike said there was no evidence that the White House budget announced on Tuesday would do so   Read More ...
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Tags: Taxes |  Economy |  Economics |  Economists |  Taxation | 
Places: United States | 
Oregon’s economy has hit a ‘sweet spot’ — maybe
Oregon’s economy has hit a ‘sweet spot’ — maybe A recent story detailed a pronounced slowdown in Oregon’s tech sector. To blame were some of the usual culprits: Lack of major technology headquarters, a tepid rate of startups, dependence on being an outpost in a few niches and Intel, as well as Portland’s slacker culture. Josh Lehner, an economist in the state Office of Economic Analysis, offered a more nuanced take on the larger Oregon economy on his must-read blog (wish the state of Washington had something similar)   Read More ...
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Bond market warning? A closely watched economic indicator just hit a postelection low
Bond market warning? A closely watched economic indicator just hit a postelection low It looks like the bond market is not buying into hopes for economic growth. As of late Monday trading, the 10-year U.S. Treasury note was trading at a yield of 2.25 percent per year, while the two-year note yielded 1.28 percent per year. At 0.97 percentage point, the "spread" between the longer-maturity note and the shorter-maturity one is hovering at the lowest levels seen since October   Read More ...
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Tags: Markets |  Economy |  Trade |  Economics |  Economic Indicators | 
Places: Americas |  North America |  United States | 
Tackling climate change will boost economic growth, OECD says
Tackling climate change will boost economic growth, OECD says A new report from the Organisation for Economic Co-operation and Development (OECD) says that the integration of measures to fight climate change into economic policy will aid economic growth, both in the medium and long term. The report – Investing in Climate, Investing in Growth – stated that "strong fiscal and structural reform combined with coherent climate policy" would help governments generate growth that would both lessen the risks of climate change and provide "near-term economic, employment and health benefits   Read More ...
Categories: Business |  Science & Nature | 
Places: Americas |  North America |  United States | 
Fed's Harker: Rate hike in June 'a distinct possibility'
Fed's Harker: Rate hike in June 'a distinct possibility' An interest rate hike next month is a "distinct possibility," the head of the Federal Reserve Bank of Philadelphia said on Tuesday, adding that another disappointing reading on monthly inflation could cause the central bank to hold back. "I think June's a distinct possibility ... quite possible," Patrick Harker told reporters. But "if we get another surprise on inflation to the downside, that would worry me a little," he said when asked what might delay that policy tightening   Read More ...
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Places: Americas |  North America |  United States | 
Israeli, US officials pledge to strengthen economic ties
Israeli, US officials pledge to strengthen economic ties In a first meeting on Tuesday with a Trump administration economic official, Economy Minister Eli Cohen and his American colleague called for increased collaborations between two already robust trade and research partners.Cohen met that morning in Jerusalem with Trump’s economic adviser, Gary Cohn, who also serves as director of the US National Economic Council. Both Cohen and Cohn agreed to continue strengthening economic ties between the countries by increasing trade and investment opportunities, as well as by promoting research and development partnerships   Read More ...
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Places: United States |  Asia |  Mideast |  Israel | 
U.S. accuses Fiat Chrysler of trying to mask emissions in 100,000 vehicles
U.S. accuses Fiat Chrysler of trying to mask emissions in 100,000 vehicles The Justice Department filed a civil complaint Tuesday alleging that Fiat Chrysler Automobiles installed software designed to cheat emission controls in more than 100,000 diesel vehicles, including its popular Jeep Grand Cherokee sport-utility vehicle. The lawsuit states nearly 104,000 vehicles are “equipped with software functions that were not disclosed to regulators during the certification application process, and that the vehicles contain defeat devices,” the Justice Department said in the complaint, which was filed Tuesday on behalf of the Environmental Protection Agency   Read More ...
Categories: Business |  Motoring | 
Tags: Economy |  Vehicle Manufacturers |  Chrysler |  Fiat |  Economics | 
Places: Americas |  North America |  United States | 
AP FACT CHECK: Budget chief slams Obama growth forecast
AP FACT CHECK: Budget chief slams Obama growth forecast WASHINGTON (AP) — Trump budget director Mick Mulvaney, defending an administration that promises more economic growth than many think it can deliver, said Tuesday it's the Obama administration that went overboard in its forecasts for growth. His indictment glosses over significant differences in the economy now and then. A look at his statement on the subject: MULVANEY, head of the Office of Management and Budget: "I went back and looked at some of the economic assumptions that the Obama administration made in its first couple of years   Read More ...
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Tags: Economy |  Economics | 
Places: Americas |  North America |  United States | 
Rout in retail shouldn't be a big worry for U.S. economy
Rout in retail shouldn't be a big worry for U.S. economy A furious pace of store closings and bankruptcies has drummed up fears that U.S. retail is collapsing. Not so fast: Many indicators suggest that retail employment is unlikely to shrivel and the economy will withstand any shock from the sector's rout. Granted, the industry's current woes can't be ignored. Retail sales account for almost half of consumer spending, which in turn makes up about 70 percent of the economy   Read More ...
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Tags: Economy |  Economics | 
Places: Americas |  North America |  United States | 
China to open more sectors to foreign investors
China to open more sectors to foreign investors BEIJING China will further open its economy to foreign investors, through measures such as allowing investment in more industries, such as services, state television said on Tuesday, citing a reform group meeting chaired by President Xi Jinping. China will also step up regulation of overseas business operations of Chinese companies and will set up a system to track individual income and property information, the group said   Read More ...
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Tags: Economy |  Finance |  Sectors |  Economics |  Investments |  Investors |  Foreign investors | 
Places: United States |  North |  Beijing | 
European stocks rise as eurozone economic activity hovers at 6-year high
European stocks rise as eurozone economic activity hovers at 6-year high European stocks rose Tuesday, with French shares among biggest advancers as eurozone economic activity remained at a six-year high. The Stoxx Europe 600 was up 0.2% at 391.85, led by technology and financial shares, according to FactSet data. But losses for health care, oil and consumer-related shares weighed. Travel-related shares edged lower following a suspected terror attack by a suicide bomber in Manchester, England, that killed 22 people, including children, and injured 59 as people left an Ariana Grande concert at the Manchester Arena on Monday night   Read More ...
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Tags: Economy |  Economics | 
Places: Americas |  North America |  United States |  Europe | 
European economic rebound showing surprising strength
European economic rebound showing surprising strength BRUSSELS (AP) — Europe's economic recovery is showing surprising strength, as key surveys of business activity and optimism hit their highest levels in years. The data released Tuesday hold out hope that the region is set to see a sustained and marked decline in its unemployment rate from the current 9.5 percent. And the good economic news could well add pressure on the European Central Bank to signal a withdrawal of its extraordinary stimulus measures   Read More ...
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Tags: Economy |  Economics | 
Places: Americas |  North America |  United States |  Europe | 
Singapore’s inflation remained low in April, but that’s all about the rent
Singapore’s inflation remained low in April, but that’s all about the rent Inflation in Singapore remained benign overall in April, data on Tuesday showed, coming in lower-than-expected, but that's largely because housing costs continued to fall. Singapore's consumer price index (CPI) rose 0.4 percent on-year in April, slowing from a 0.7 percent rise in March, coming in below the 0.7 percent expected from a Reuters poll. That was despite the cost of electricity and gas shooting up 18   Read More ...
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Tags: Economy |  Inflation |  Economics | 
Places: United States |  Asia |  S.E. Asia |  Mainland |  Singapore | 
European economic rebound showing surprising strength
European economic rebound showing surprising strength BRUSSELS (AP) — Europe's economic recovery is showing surprising strength, as key surveys of business activity and optimism hit their highest levels in years. The data released Tuesday hold out hope that the region is set to see a sustained and marked decline in its unemployment rate from the current 9.5 percent. And the good economic news could well add pressure on the European Central Bank to signal a withdrawal of its extraordinary stimulus measures   Read More ...
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Tags: Economy |  Economics | 
Places: Americas |  North America |  United States |  Europe | 
Eurozone jobs growth running at 'near-decade highs'
BRUSSELS (AP) — A closely watched survey of business activity across the 19-country eurozone shows economic growth holding steady at a six-year high in May while job creation has picked up to one of the highest levels in nearly a decade. Financial information company IHS Markit says Tuesday that its purchasing managers' index — a broad gauge of economic activity — for the eurozone was unchanged at 56   Read More ...
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Larry Summers: Trump’s budget is simply ludicrous
Larry Summers: Trump’s budget is simply ludicrous Details of President Trump’s first budget have now been released. Much can and will be said about the dire social consequences of what is in it and the ludicrously optimistic economic assumptions it embodies. My observation is that there appears to be a logical error of the kind that would justify failing a student in an introductory economics course. Apparently, the budget forecasts that U   Read More ...
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EMERGING MARKETS-Emerging assets weaker with eye on China and Brazil
LONDON May 23 Emerging markets slipped on Tuesday after weaker Chinese import data hinted at economic slowdown in the world's second-largest economy and Brazil, in political turmoil, was threatened with a credit ratings downgrade. MSCI's benchmark emerging market stocks index eased 0.2 percent after two days of gains, and major emerging currencies such as the Turkish lira and South African rand weakened against the dollar   Read More ...
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Places: United States | 
Even Harley-Davidson Can’t Resist the Tug of Overseas Factories
Even Harley-Davidson Can’t Resist the Tug of Overseas Factories HONG KONG — President Trump has held up Harley-Davidson as a pillar of American manufacturing. “We’re proud of you! Made in America, Harley-Davidson,” Mr. Trump said to the company’s leather-clad top executives in February as five of its motorcycles rumbled on the White House lawn. But even as he praised Harley-Davidson’s all-American credentials, the company was busily building a new plant — in Thailand   Read More ...
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Tags: Economy |  Manufacturing |  Economics | 
Places: Americas |  United States | 
German business confidence hits 26-year high in May
A survey shows that business confidence in Germany has risen to its highest level in 26 years. The strong showing was slightly above economists' expectations. The Ifo institute said Tuesday that its monthly confidence index, a closely watched indicator for Europe's biggest the economy, rose to 114.6 points for May from 113.0 in April. Economists had forecast that it would increase to 114   Read More ...
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Places: United States |  Europe |  C. Europe |  Germany | 
Trump budget theme: Working to qualify for welfare benefits
Trump budget theme: Working to qualify for welfare benefits For a period last year after he lost his food stamps, Tim Keefe, an out-of-work and homeless Navy veteran, used his military training to catch, skin and eat squirrels, roasting the animals over an open fire outside the tent he pitched in frigid Augusta, Maine. The additions to Keefe’s diet resulted from a decision by state authorities to tighten work requirements for recipients of the social safety net — forcing Keefe, who lost his job at a farm equipment factory because of an injury, off the food-stamp rolls   Read More ...
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Trump’s budget proposal slashes spending by $3.6 trillion over 10 years
Trump’s budget proposal slashes spending by $3.6 trillion over 10 years President Trump on Tuesday will propose cutting federal spending by $3.6 trillion over 10 years, a historic budget contraction that would severely ratchet back spending across dozens of programs and could completely reshape government assistance to the poor. The White House’s $4.094 trillion budget request for fiscal 2018 calls for cuts that hit Medicaid, food assistance and other anti-poverty programs. It would cut funding for the Children’s Health Insurance Program (CHIP), which provides benefits to the poor, by roughly 20 percent next year   Read More ...
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Tags: Economy |  Money |  Economics |  Expenditure |  Money Management | 
Places: Americas |  North America |  United States | 
Oil firm on expected cut extension, but economic slowdown weighs
Oil firm on expected cut extension, but economic slowdown weighs SINGAPORE Oil prices were firm on Tuesday on the expectation that an OPEC-led production cut would be extended to next March, but analysts said economic slowdown was clouding the mid-term outlook for crude markets. Brent crude futures LCOc1 at 0019 GMT were up 3 cents from their last close at $53.86 per barrel. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $51   Read More ...
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The ‘Trump bump’ is dead, this economic indicator is telling us
The ‘Trump bump’ is dead, this economic indicator is telling us By this indicator’s standards, bond investors don’t hold out much hope for the U.S. economy. The spread between yields on the 2-year Treasury note and the 10-year Treasury note typically used to plot the so-called yield curve, narrowed more than 8 basis points last week to 0.962%, the tightest since before President Donald Trump’s election on Nov. 9. A measure of growth and inflation expectations, the yield curve is one of the best leading economic indicators, according to Jeffrey Cleveland, chief economist at Payden and Rygel   Read More ...
Categories: Politics & Government |  Business | 
Places: Americas |  North America |  United States | 
US stocks rise for third straight session
US stocks rise for third straight session NEW YORK: US stocks rose for the third straight session on Monday (May 22) as investors again focused on signs of strengthening economic growth and pushed away worries about President Donald Trump's agenda. Economic optimism was reflected in a new survey showing executives in the manufacturing and services sector expect to see increased revenue, hiring and capital spending in 2017, according to the Institute for Supply Management   Read More ...
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Tags: Economy |  Economics | 
Places: United States |  Singapore | 
Wall Street grows bearish on Trump economic agenda as scandals swirl
Wall Street grows bearish on Trump economic agenda as scandals swirl Wall Street bankers and investors are ratcheting back their already-faded expectations for Republicans to deliver wins that turbocharge the economy after a week of turmoil in the nation’s capital that whipsawed markets. Those seeking an economic lift from one-party Republican control of Washington in the form of a tax code rewrite and decreased financial regulations — along with a hefty dose of infrastructure spending — are becoming increasingly skeptical   Read More ...
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Tags: Economy |  Economics | 
Places: Americas |  North America |  United States | 
Ford shuffles executive ranks in its race to take on Silicon Valley
Ford shuffles executive ranks in its race to take on Silicon Valley Ford Motor Company on Monday replaced its chief executive, Mark Fields, with former office furniture executive Jim Hackett. The 114-year-old auto giant seeks to become a transformative company capable of taking on Silicon Valley darling Tesla and the coming revolution in smart driving. Fields retired after 28 years at the company, replaced by former Steelcase CEO Hackett, who has almost zero experience in automobiles until he joined the company last year to head its “smart mobility” transportation initiative   Read More ...
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Tags: Economy |  Economics | 
Places: Americas |  North America |  United States |  West |  Pacific |  California |  North |  Bay Area |  Silicon Valley | 
EU urges members to address inequality as economy recovers
By MIKE CORDER Associated Press THE HAGUE, Netherlands (AP) - The European Union urged member states Monday to take advantage of the bloc's recovering economy to strengthen their public finances and push through reforms that tackle social inequality. The advice came in economic policy guidance for the bloc's 28 member states that was published by the European Commission. It recommended "boosting investment, pursuing structural reforms and ensuring responsible fiscal policies   Read More ...
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Otis Report Defines Creative Economy in LA and California
Otis Report Defines Creative Economy in LA and California The report found that the creative economy accounts for nearly 11% of California’s economic output, and close to in terms of direct and indirect labor. Also the Metro LA area has the highest percentage of creative workers in the country at 8.6%, above NY Metro at 6.4%. For more details, view both reports by clicking on the images. Learn more about the findings of the report and the discussion panel that was hosted by Otis to launch the report, by visiting the Otis College landing page for the report,   Read More ...
Categories: Business | 
Tags: Economy |  Economics | 
Places: Americas |  North America |  United States |  West |  Pacific |  California |  South |  Coast |  Los Angeles |  LA County | 
EU urges members to address inequality as economy recovers
BRUSSELS (AP) — The European Union is urging member states to take advantage of the bloc's recovering economy to strengthen public finances and push through reforms that tackle social inequality. The advice came in economic policy guidance for the bloc's 28 member states that was published Monday by the European Commission. It recommends "boosting investment, pursuing structural reforms and ensuring responsible fiscal policies   Read More ...
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Tags: Economy |  Economics | 
Places: United States |  Europe | 
American Samoa urged to take Hawaii's lead on economic growth
American Samoa urged to take Hawaii's lead on economic growth An economist from the United States Department of Interior says American Samoa should look at what Hawaii does if it's to maintain fiscal stability. Wali Osman says Hawaii is regarded as one of the most financially stable states of the union because its laws require it to live within its means. Mr Osman was in the territory earlier this month to gather input from government and private section officials on how American Samoa can achieve economic growth   Read More ...
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Places: New Zealand |  United States |  West |  Pacific |  Hawaii | 
What’s Weighing on Utah’s Economy? Not a Dearth of Work, but of Workers
What’s Weighing on Utah’s Economy? Not a Dearth of Work, but of Workers “I’m trying to find a company that treats you well,” he said. But labor shortages are weighing on overall economic growth, slowing the pace of expansion in northern Utah and other fast-growing regions even as unemployment remains stubbornly high in Rust Belt cities like Cleveland and in regions still recovering from the 2008 recession, like inland California. To Todd Bingham, the president of the Utah Manufacturers Association, “3   Read More ...
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Tags: Economy |  Economics | 
Places: Americas |  North America |  United States |  West |  Mountain |  Utah | 
Purdue global trade conference drawing 200-plus economists
WEST LAFAYETTE, Ind. (AP) - A global trade conference that Purdue University will host next month is expected to attract more than 200 economists. The 20th Annual Conference on Global Economic Analysis is set for June 7-9 at the West Lafayette campus. The gathering is expected to include representatives from the World Trade Organization and various United Nations and government offices   Read More ...
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Tags: Trade |  Economics |  Economists | 
Places: Americas |  North America |  United States |  Midwest |  East |  Indiana |  Tippecanoe |  Lafayette | 
Wind Project in Wyoming Envisions Coal Miners as Trainees
Wind Project in Wyoming Envisions Coal Miners as Trainees The company has an agreement to supply turbines, potentially 850, to a project in Carbon County, Wyo., where the state’s first coal mine opened a century ago. Once construction is completed, as many as 200 workers will be needed to maintain and operate the plant. The chief executive, David Halligan, said in a telephone interview that he expected coal workers to have relevant skills, mainly electrical and mechanical, and experience working under difficult conditions   Read More ...
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Tags: Economy |  Economics | 
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Purdue global trade conference drawing 200-plus economists
WEST LAFAYETTE, Ind. (AP) — A global trade conference that Purdue University will host next month is expected to attract more than 200 economists. The 20th Annual Conference on Global Economic Analysis is set for June 7-9 at the West Lafayette campus. The gathering is expected to include representatives from the World Trade Organization and various United Nations and government offices   Read More ...
Categories: Business | 
Tags: Trade |  Economics |  Economists | 
Places: Americas |  North America |  United States | 
Trump to propose big cuts to safety-net in new budget, slashing Medicaid and opening door to other limits
Trump to propose big cuts to safety-net in new budget, slashing Medicaid and opening door to other limits President Trump’s first major budget proposal on Tuesday will include massive cuts to Medicaid and call for changes to anti-poverty programs that would give states new power to limit a range of benefits, people familiar with the planning said, despite growing unease in Congress about cutting the safety net. For Medicaid, the state-federal program that provides health care to low-income Americans, Trump’s budget plan would follow through on a bill passed by House Republicans to cut more than $800 billion over 10 years   Read More ...
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Tags: Economy |  Medical Care |  Economics | 
Places: Americas |  North America |  United States | 
Buoyant U.S. economy rides out rough political sea, but more storms ahead
Buoyant U.S. economy rides out rough political sea, but more storms ahead The U.S. economy is blossoming again like a bed of spring flowers, but now a wary eye is being cast toward an impending storm front that threatens to move in: The ongoing political eruptions in Washington. Earlier in 2017, confidence among consumers and businesspeople surged to multi-year highs on the hope that a pro-business Trump administration would add rocker boosters to the economy   Read More ...
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Tags: Economy |  Economics | 
Places: Americas |  North America |  United States | 
Economy minister: Quintuple Israeli exports to US by 2020
Economy minister: Quintuple Israeli exports to US by 2020 Ahead of US President Donald Trump’s visit this week, Economy Minister Eli Cohen called upon Israel to quintuple its exports to America by 2020.“The United States was, remains and will be Israel’s most important trading partner,” Cohen said on Sunday. “We are working to increase exports to the US as part of the Economy and Industry ministries’ goal of increasing exports from Israel to more than $100 billion by 2020   Read More ...
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Tags: Markets |  Economy |  Economics |  Exports | 
Places: United States |  Asia |  Mideast |  Israel | 
Inflation could be the market's biggest upside surprise of the year
Inflation could be the market's biggest upside surprise of the year There's an under-the-radar trend which could push stocks further into record territory, and it appears most of Wall Street doesn't even know about it. His leading indicator: A tightening labor market that is driving up wages. "This economy is really based on consumption, so it puts more money in the hands of consumers," he said, thus giving a boost to U   Read More ...
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Tags: Markets |  Economy |  Inflation |  Economics | 
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