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Donald Trump Tariffs Will Not Return Jobs to Rust Belt

Donald Trump Tariffs Will Not Return Jobs to Rust Belt

Donald Trump the new President-elect has promised to return jobs to the Rust Belt of the U.S. by getting tough on China and Mexico. To accomplish that, he has threatened to use tariffs. The argument Trump gives is that if he makes... 
Third Quarter China GDP Increases 6.7%

Third Quarter China GDP Increases 6.7%

The economy in China grew at a steady rate of 6.7% during the third quarter. It appears the economy is ready to hit the target for a full year set by Beijing. It has been fueled through stronger spending by the government, record lending... 
United States Adds 156,000 New Jobs During September

United States Adds 156,000 New Jobs During September

The economy of the U.S. delivered job growth considered moderate during September while wages increased suggesting the labor market remains steady as the Federal Reserve Bank moves nearer to increasing interest rates and the political... 
Alaska Residents Unhappy with This Year’s Dividend

Alaska Residents Unhappy with This Year’s Dividend

Each year in October, Alaskans get what can be described as free money. However, that does not always mean all of them are happy about the check of $1,022 they will receive beginning this Thursday from the state’s wealth fund for... 
Mexican Peso Indicates Donald Trump Lost First Debate

Mexican Peso Indicates Donald Trump Lost First Debate

Financial markets did not waste any time in showing their verdict on the presidential debate Monday and Donald Trump did not end up doing that well. As Hillary Clinton spared with Trump on national television one key barometer financially... 
U.S. Jobless Claims Drop to Lowest Number in Past Five Weeks

U.S. Jobless Claims Drop to Lowest Number in Past Five Weeks

The number of people in the U.S. filing for unemployment benefits dropped to its lowest level for the past five weeks, another indication of the endurance the labor market continues to have. Jobless claims fell by over 1,000 to just... 
Oregon Takes in Over $25.5 Million in Taxes on Marijuana Sales

Oregon Takes in Over $25.5 Million in Taxes on Marijuana Sales

The medical marijuana dispensaries in Oregon have sold $102 million of recreational cannabis since the beginning of the year, when a 25% sales tax was imposed by the state on marijuana. The state collected close to $25.5 million in... 
Productivity in the U.S. Fell for Another Quarter

Productivity in the U.S. Fell for Another Quarter

Worker productivity in the U.S. has dropped during the spring making it the third consecutive quarter the rate has fallen, extending a stall in growth of labor productivity that is threatening to restrain the pay of workers and the... 
Venezuela Selling Oil to Jamaica for Food

Venezuela Selling Oil to Jamaica for Food

Venezuela has started to sell Jamaica oil in exchange for food, farming materials, building supplies and medicine. Jamaica announced late last week that it was providing as much as $4 million worth of goods and services to Venezuela... 
British Pound Worse Than Peso in Argentina

British Pound Worse Than Peso in Argentina

The British pound beat the peso in Argentina to a title, but it is one no one would want: the worst performing currency in the world. The pound plunged 14% versus the U.S. dollar since the vote in the United Kingdom on June 23 to leave... 
Moody’s: Britain Now at Risk of Downgrade in Credit Rating

Moody’s: Britain Now at Risk of Downgrade in Credit Rating

Moody’s, the ratings agency said that the creditworthiness of Britain was now a greater risk after its voters decided to exit the European Union, due to the country facing many more challenges to negotiate successfully its exit from... 
Jobless Claims Decline in U.S. More Than Expected

Jobless Claims Decline in U.S. More Than Expected

Fewer people in the U.S. than what had been forecasted filed for benefits from unemployment last week, which added to evidence the labor markets remained both stable and healthy. The jobless claims fell to 259,000, which was a drop... 
Night Tube Beginning in London in August

Night Tube Beginning in London in August

London Underground’s new Night Tube that has been long awaited is to be launched during August, close to a year later than originally planned. The new mayor of London Sadiq Khan confirmed that the 24-hour trains would begin on the... 
Manufacturing Remains Weak in U.S., Labor Shows Its Strength

Manufacturing Remains Weak in U.S., Labor Shows Its Strength

New orders for manufactured goods that are long-lasting in the U.S. fell during February as the industry continued struggling with the effects of a strong U.S. dollar and lower prices of oil. While other information Thursday showed... 
President Obama Proposes Oil Barrel Tax To Help Invest in Clean Energy Development

President Obama Proposes Oil Barrel Tax To Help Invest in Clean Energy Development

President Obama has announced his fiscal 2017 plan which includes the proposal of a $10-per-barrel oil tax. The hope is to take advantage of falling oil prices and increase funding for alternative transportation research and development.... 
Slow Job Growth, But Higher Wages Could Be A Good Sign of Things To Come For Labor Market

Slow Job Growth, But Higher Wages Could Be A Good Sign of Things To Come For Labor Market

The most recent labor report shows that the US added a meager 151,000 jobs in the first month of 2016. But while this number is underwhelming, it belies greater improvement in the labor market, at least partially offset by an unemployment...