User: newstrust Topic: US Economy
Category: Recession
Last updated: Jun 21 2019 24:24 IST RSS 2.0
 
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Donald Trump Is Just As Popular As Obama and Reagan, So Will He Also Sail to Re-Election? 20.6.2019 Newsweek Top Stories
Both Presidents Ronald Reagan and Barack Obama had 43 percent approval, the same as Trump, heading into their re-election campaigns.
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Under intense scrutiny from the White House US Fed meet opens 18.6.2019 Raw Story
Under intense scrutiny from the White House, the US central bank opened its two-day policy meeting on Tuesday to decide the course of interest rates. The Federal Reserve’s policy panel — the Federal Open Market Committee — is not expected to move the benchmark lending rate, but Wednesday’s announcement will be closely watched for hints […]
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Is the Federal Reserve about to cave to Trump’s demand to cut interest rates? 18.6.2019 LA Times: Nation

President Trump has been hectoring the Federal Reserve to lower interest rates, and financial markets are screaming for a cut. This even though rates are historically low and the economy is sailing along, albeit with some recent gray clouds.

What’s a central bank to do?

Fed policymakers are expected...

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Record plunge in manufacturing for New York region: NY Fed 17.6.2019 Raw Story
Manufacturing activity in New York State took a record dive this month and fell into contraction, suddenly reversing recent gains, the Federal Reserve Bank of New York reported Monday. The surprising drop was another worrying sign for the US manufacturing sector, a day ahead of the start of a Federal Reserve meeting that comes as […]
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Trump’s first term: hits and misses 16.6.2019 Raw Story
“Promises made, promises kept,” goes one of President Donald Trump’s main 2020 reelection slogans. Is that true? Here are some of the key policy hits and misses — comparing his accomplishments to his promises — from a tumultuous first term. – HITS – Economy: The economy will be Trump’s major selling point. GDP grew 3.1 […]
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47 Million Americans Say They're Worse Financially Than Before Great Recession: Survey 15.6.2019 Newsweek Top Stories
""The echoes of the Great Recession remain very present in the financial lives of many Americans, despite the improvement in the broader economy," Mark Hamrick said."
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Business conditions plunge to lows not seen since start of the Great Recession: Morgan Stanley 14.6.2019 Raw Story
President Donald Trump is counting on a strong economy to carry him across the finish line in the 2020 presidential election, but new data from investment bank Morgan Stanley is raising serious questions about how much longer the economy will benefit the president. Market Watch reports that Morgan Stanley’s latest Business Conditions Index shows that […]
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COLUMN: U.S. Latinos Never Had It So Good 14.6.2019 NewsBusters
If we add all who qualify as having a Hispanic or a Latino origin in the United States, the only country possessing a larger Spanish-speaking population is Mexico. With more than 120 million inhabitants, Mexico roughly doubles the 60-million individuals for whom Spanish is the native tongue who reside in the United States. The United States is a magnet for people around the world. Latinos, like others, hear the true stories of the American economic system from friends and relatives who emigrated here. It is not easy to succeed, but during periods of more rapid expansion, like the one we ...
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Bloomberg Marks 10th 'Birthday' of Expansion with 'Stagnation' Fears 13.6.2019 NewsBusters
The current economic expansion could “make history” if it lasts through July, but Bloomberg BusinessWeek pooh-poohed its 10th anniversary saying “no one’s partying” in the June 10 ...
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As Deficit Skyrockets, Author of GOP Tax Cuts Admits Bill May Not Pay Off 13.6.2019 Truthout.com
Rep. Kevin Brady, who wrote the Republican tax bill of 2017, admits it's "hard to know" whether the tax cuts will work.
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Could a weakening US economy imperil Trump’s trade war against China? 12.6.2019 Raw Story
President Donald Trump’s trade war with China is based on two basic and complementary assumptions: the U.S. economy is strong and, perhaps more importantly, stronger than the Chinese economy. Last summer when the war began heating up, both assumptions were certainly true. The American economy was booming, while China’s was slowing. Hence, the U.S. was […]
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Mix Trump’s fear and loathing of China with his tariffs and you’ve got a recipe for toxic stew that will kill the economy 11.6.2019 Raw Story
Donald Trump tweeted in May that by imposing a 25% tariff on $250 billion of Chinese goods “China would greatly slow down, and we would automatically speed up!” But that’s not what’s happening, the Organization for Economic Cooperation and Development (OECD) reported today. Economic growth is easing in developed countries with one big exception – […]
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How Republicans’ zeal for gerrymandering could blow up in their faces 11.6.2019 The Atlantic - Matthew Ygblesias
Let’s talk about a few datapoints that, on the surface, have nothing to do with the Supreme Court — but that in reality could determine whose ox is gored by two upcoming partisan gerrymandering decisions. The first is a recent Ipsos poll showing that President Donald Trump only receives between 36 and 38 percent of […]
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The Republican case against gerrymandering 11.6.2019 The Atlantic - Matthew Ygblesias
Let’s talk about a few datapoints that, on the surface, have nothing to do with the Supreme Court — but that in reality could determine whose ox is gored by two upcoming partisan gerrymandering decisions. The first is a recent Ipsos poll showing that President Donald Trump only receives between 36 and 38 percent of […]
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Trump’s confused and clumsy interventions are disrupting the US economy 10.6.2019 Raw Story
Donald Trump has been president for only two of the ten years of America’s economic expansion since the Great Recession, yet he eagerly takes full credit for the nation’s advancement. It has been easy for him to boast because he had the good fortunate to occupy the White House during a mature stage of the […]
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The Economic Recovery Is Ten Years Old, How Much Longer Can It Last? 10.6.2019 Outside the Beltway
The current economic recovery turns ten years old this month, but it can't last forever.
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Post Premium: Our best stories for the week of June 3 – 9 9.6.2019 Headlines: All Headlines
The Denver Post's most important stories from the past week, with a special focus on the story we've decided should lead our Sunday newspaper.
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Fox Business Host On White House's Jobs Number: A Big Miss 8.6.2019 Crooks Liars
The May jobs report was so bad that even Fox Business had to acknowledge it. It's never a rainy day in Trumpworld on Fox Business, though, and they always can find a silver lining. The latest jobs report for May was trumpeted to increase the workforce by 185,000. However, the results were much worse than expected.The Wall Street Journal writes: Employers tapped the brakes on hiring in May, signaling companies are taking a more cautious approach at a time of cooling global growth and trade tensions and adding to other signs of a spring slowdown in the decade-long U.S. economic expansion. The economy added 75,000 jobs in May, marking the 104th straight month of gains, but also one of the weakest monthly gains since the recession ended, the Labor Department said Friday. Stuart Varney was out on Friday, but co-host Ashley Webster opened up the program and delivered the bad news. "Meanwhile, let's get back to that May jobs report. let's bring in James Freeman with the Wall Street Journal editorial board," ...
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Forget lower jobs growth: The number of people who’ve stopped looking for work is much more frightening 8.6.2019 Raw Story
The latest jobs report showed a lackluster gain in jobs in May that was worse than economists had predicted. While the sudden slowdown in jobs growth after many months of strong numbers is worrying and signals a weakening economy, a more long-term concern is the persistently low labor force participation rate that has not recovered […]
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Former Labor Secretary Says Trump's Trade War, Tariffs Could Send U.S. Into A Recession 8.6.2019 Newsweek Top Stories
"You could easily find the American economy in a recession, certainly before the election," Robert Reich said during an appearance on MSNBC Friday.
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