User: newstrust Topic: US Economy
Category: Recession
1 new since Jan 17 2019 12:26 IST RSS 2.0
 
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Dollar stalls, sterling steadies after May wins no-confidence vote 17.1.2019 Raw Story

The dollar took a breather on Thursday following its recent strong gains against key rivals, while sterling steadied after British Prime Minister Theresa May’s government won a no-confidence vote in parliament. The dollar index .DXY, which measures the greenback against six major peers, was a shade ...

The post Dollar stalls, sterling steadies after May wins no-confidence vote appeared first on Raw Story.

The next American car recession has already started 15.1.2019 LA Times: Business

These should be boom times for Detroit. Unemployment is at a half-century low, gasoline is cheap and auto sales in the U.S. were near record levels last year. Yet American automakers are closing factories, cutting shifts and laying off thousands of workers. The industry is behaving like a recession...

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Stocks slip after China says its exports fell 14.1.2019 LA Times: Business

Stock markets around the world are down Monday after China reported a drop in December exports.

Fears about the health of China’s economy and the global economy overall were a major contributor to U.S. stocks’ plunge in late 2018. On Monday morning, technology companies and retailers are taking...

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“Free Trade” Is Today’s Imperialism by the 1 Percent 13.1.2019 Truthout.com
Building alternatives to free trade must become an essential component of a more progressive US foreign policy.

The post “Free Trade” Is Today’s Imperialism by the 1 Percent appeared first on Truthout.

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Money talks, but does anyone understand what it's saying? 13.1.2019 LA Times: Commentary

I always took a shine to language. When I was in second grade, Mrs. Peloso put me with the owl readers, the top animal ranking of us 8-year-olds with the finest reading comprehension, ahead of the bears, turtles, even dogs. Years later then, during the Great Recession, I became irritable — embarrassed...

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The Limits of Social Democracy Will Test the US Left 12.1.2019 Truthout.com
Social democracy exposes social programs to the power of private capital, even as it tries to protect them from it.

The post The Limits of Social Democracy Will Test the US Left appeared first on Truthout.

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Can Cooperatives Save Us From the Next Economic Crisis? 11.1.2019 Truthout.com
Collectively-owned co-ops are taking on the pillars of monopoly capitalism.

The post Can Cooperatives Save Us From the Next Economic Crisis? appeared first on Truthout.

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Gavin Newsom just pried open California's checkbook 11.1.2019 Los Angeles Times - Living Green

Gavin Newsom has been waiting eight years in the wings in Sacramento for his chance to lead California’s state government. And many Democrats across the state have been waiting almost as long to tap the big revenue surpluses that Gov. Jerry Brown routinely plowed into reserves and debt payments.

...
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Gavin Newsom issues a warning: He's going to talk a lot more than Jerry Brown 11.1.2019 Los Angeles Times - Living Green

Gov. Gavin Newsom barely paused to catch his breath as he tossed out more than $300 million worth of morsels from his newly crafted budget in a span of less than three minutes.

Cash to provide immunizations and developmental screening for children; $50 million for family planning; millions for...

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Gov. Gavin Newsom hints at a more hopeful budget for the state 10.1.2019 Los Angeles Times - Living Green

Gov. Gavin Newsom will unveil a lengthy blueprint for California government spending on Thursday, with promised money for healthcare, low-income housing and education riding on whether he sees boom or bust times on the horizon.

State officials use that economic forecast to calculate expected tax...

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U.S. carbon dioxide emissions are once again on the rise 9.1.2019 Minnesota Public Radio: Law & Justice
A newly released report shows that the United States' CO2 emissions spiked last year. A booming economy and busy transportation sector are to blame.
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Gov.-elect Gavin Newsom faces high expectations and the peril of falling short 6.1.2019 Los Angeles Times - Living Green

Within an hour of being elected California’s 40th governor, Gavin Newsom cast the occasion as not just a win, but a watershed.

“As Californians, we’ve been granted the extraordinary opportunity to write history’s next chapter,” he told supporters on election night, with the ornate former Los Angeles...

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Paul Krugman warns the so-called ‘Trump Boom’ is over and as we head for a ‘significant slowdown’ 4.1.2019 Raw Story

The New York Times isn’t the only place where Paul Krugman offers his insights on the state of the U.S. economy. The veteran Times columnist and liberal economics professor also has a strong Twitter presence, and in 2019, his tone has been decidedly bearish. In January 3 post on Twitter—where he has...

The post Paul Krugman warns the so-called ‘Trump Boom’ is over and as we head for a ‘significant slowdown’ appeared first on Raw Story.

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December Jobs Report Blows Past Expectations 4.1.2019 Outside the Beltway
December's Jobs Report blew past expectations to show more than 300,000 jobs created.
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The stock market’s worst fears are coming true — and Trump isn’t helping: Bloomberg 3.1.2019 Raw Story

Economists have warned that a recession is on the horizon and President Donald Trump has an opportunity to soften the blow. Instead, he’s making it worse. Bloomberg News began its Thursday report on the economy by saying that the fundamentals aren’t looking as strong as they once did. Th...

The post The stock market’s worst fears are coming true — and Trump isn’t helping: Bloomberg appeared first on Raw Story.

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Nancy Pelosi Kicks Off Year by Picking a Fight With Progressives 3.1.2019 Truthout.com
Progressive Democrats announced their opposition to Pelosi's proposed legislative rules.

The post Nancy Pelosi Kicks Off Year by Picking a Fight With Progressives appeared first on Truthout.

The Left Is on a Roll, and Trump Is Beatable in 2020 3.1.2019 Truthout.com
The left is on a roll and Trump is impeachable. Should we dare to hope for a big change in 2020?

The post The Left Is on a Roll, and Trump Is Beatable in 2020 appeared first on Truthout.

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WATCH: Trump’s economic advisor flounders in CNN interview while markets tank in the screen next to him 3.1.2019 Raw Story

President Donald Trump’s chair of the Council of Economic Advisors said that he doesn’t “see” a recession on the horizon, nor does he think there’s a “trade war.” The denial came as Kevin Hassett was speaking with CNN’s Poppy Harlow Thursday. Apple CEO...

The post WATCH: Trump’s economic advisor flounders in CNN interview while markets tank in the screen next to him appeared first on Raw Story.

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Recession fears grip Trump’s economy — and even a majority of Republicans are worried 3.1.2019 Raw Story

A new poll published by Axios reveals that recession fears in the United States are rapidly growing, as 65 percent of Americans now believe a recession will strike within the next year. Breaking the survey down by party lines, 82 percent of Democrats, 62 percent of independents, and 53 percent of Re...

The post Recession fears grip Trump’s economy — and even a majority of Republicans are worried appeared first on Raw Story.

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California housing crisis podcast: What Minneapolis' decision to end single-family zoning might mean for California 3.1.2019 Los Angeles Times - Living Green
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