User: newstrust Topic: US Economy
Category: Recession
Last updated: Aug 25 2019 07:37 IST RSS 2.0
 
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Economic storm clouds hovering over global leaders at G-7 summit 25.8.2019 Minnesota Public Radio: Law & Justice
Under the threatening clouds of a global economic slowdown, President Trump is confronting the consequences of his preference to go it alone, with low expectations that the leaders of the richest democracies can make substantive progress on an array of issues at their summit in France.
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Here’s why Trump is right — a recession would likely doom his re-election 25.8.2019 Raw Story
President Donald Trump is worried that there will be a recession before the 2020 election. For once, he is right about something. This article originally appeared at Salon. “The Economy is strong and good, whereas the rest of the world is not doing so well. Despite this the Fake News Media, together with their Partner, […]
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A likely recession could doom Trump 24.8.2019 Raw Story
President Donald Trump is worried that there will be a recession before the 2020 election. For once, he is right about something. This article first appeared in Salon. “The Economy is strong and good, whereas the rest of the world is not doing so well. Despite this the Fake News Media, together with their Partner, […]
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Wall Street Journal drops a truth-bomb on Trump over his market-destroying trade war: ‘Everyone loses’ 24.8.2019 Raw Story
In yet another blast from the editorial board of the Wall Street Journal, the editors looked back at Friday’s stock market free fall and pointed the finger directly at President Donald Trump and his “trade-war general” Peter Navarro for being the main culprits. After Friday’s disastrous stock market session that took a major downturn due to […]
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Trump’s Foolish Trade War With China Expands 24.8.2019 Outside the Beltway
In a sign that the trade war that Donald Trump started seventeen months ago is nowhere close to ending, China announced a new round of retaliatory tariffs against American goods only to be followed by the President upping the ante on his own tariffs, a sign that the trade war is far from coming to […]
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Trump’s economic ‘brain trust’ ridiculed as America braces for a trade war recession: report 24.8.2019 Raw Story
President Donald Trump appears unprepared to deal with a potential recession, the Associated Press reported Friday. “Facing a trade war against China that has shaken the global economy, President Donald Trump gathered his most trusted economic aides in the Oval Office,” the AP reported. “The assembled brain trust for Friday’s urgent consultations included an economics […]
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Trump to Raise Tariffs On Hundreds of Billions of Dollars Worth of Chinese Goods 24.8.2019 Newsweek Top Stories
The president made the remarks after the Dow Jones fell by 623 points Friday, a drop sparked by Trump tweets from earlier in the day.
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Hong Kong Fund Manager Explains the Economics Behind Protests and What's Next for the Trade War 24.8.2019 Newsweek Top Stories
"There's been little wage progression. Housing costs are so high thirty-year olds are still living with their parents. There's no way to get ahead."
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Trump melts down after Fed chair critiques his trade policy 23.8.2019 The Atlantic - Matthew Ygblesias
In November 2017, President Donald Trump — who campaigned on a promise to appoint “only the best and most serious people” — appointed Jerome Powell to be chair of the Federal Reserve’s Board of Governors. On Friday, he accused Powell of being possibly a bigger “enemy” of the American people than even the General Secretary […]
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Trump is completely melting down — here are the 6 craziest tweets he’s made just this morning 23.8.2019 Raw Story
China’s decision to slap new tariffs on $75 billion worth of American goods on Friday sent President Donald Trump into a downward mental spiral, as he was reduced to tweeting out unhinged orders and proclamations while the stock market has been plummeting downward. On Friday morning, the president sent out a string of angry and […]
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CEOs are starting to realize that greed isn’t so good after all 23.8.2019 Raw Story
Gordon Gekko found religion this week. Gekko, the lead in the 1987 movie “Wall Street” about capitalism gone corruptly amok, is most famous for his phrase: “greed is good.” On Monday, real-world Gekkos—181 corporate CEOs who belong to the Business Roundtable—signed a pledge saying they think greed isn’t so good, after all. Instead of bowing […]
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Nancy Pelosi stopping in Broomfield next week for health care talks 23.8.2019 Denver Post: All Political News
House Speaker Nancy Pelosi will stop in Broomfield next week for a discussion on affordable health care.
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Mexican economy registers zero growth in Q2 23.8.2019 Raw Story
Mexico registered zero economic growth in the second quarter, according to revised data released Friday, meaning that Latin America’s second-biggest economy dodged a recession even more narrowly than previously thought. “Gross domestic product (GDP)… registered no change in real terms in the second quarter of 2019,” Mexico’s official statistics institute, INEGI, said in a statement. […]
Trump impotently yells at the Federal Reserve after China hits back with new tariffs 23.8.2019 Raw Story
President Donald Trump on Friday reacted to China’s newly announced retaliatory tariffs by sending out yet another tweet encouraging the Federal Reserve to slash interest rates. “Now the Fed can show their stuff!” the president wrote, shortly after China announced it was placing tariffs on an additional $75 billion worth of American goods and would […]
G7 diplomats cringing at weekend with Trump: ‘You just try to get through the summit without any damage’ 23.8.2019 Raw Story
Diplomats headed to France for the G7 are approaching it with a great deal of trepidation at the idea of spending a weekend with President Donald Trump who is escaping the U.S. at a time when a global recession appears to be on the horizon. Put more bluntly the Washington Post reports, “Like an annual […]
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China says it will hit U.S. with tariffs on additional $75 billion of U.S. products 23.8.2019 LA Times: Business

The move comes in retaliation for President Trump's planned Sept. 1 duty increase in the trade war.

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Federal Reserve chief Jerome Powell keeps more interest-rate cuts on the table 23.8.2019 LA Times: Business

Central bankers from around the world are gathering in Jackson Hole, Wyo., for the Kansas City Federal Reserve's annual retreat.

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China announces tariff hike on $75 billion of U.S. products 23.8.2019 Minnesota Public Radio: Business
China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump's planned increase, deepening a trade war that threatens to tip the global economy into recession.
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Tourism was a powerful economic engine in Thailand. Then a boat full of Chinese sank 23.8.2019 LA Times: Business

Chinese groups canceled trips to Phuket last year after a boat carrying tourists capsized, killing 47 people. This season, things are even worse.

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Trump Twitter freaks out about coming recession and tries to pin the blame on the Democrats 23.8.2019 Raw Story
President Donald Trump betrayed his mortal fear of a recession in another early morning Twitter rant about the economy. The president insisted the economy was fine, and again tried to blame Democrats and the media if a recession hits before the 2020 election. “The Economy is strong and good, whereas the rest of the world […]
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