economy - Page 26

According to a new study by Bankrate.com, over half of Americans cannot financially handle a bill of $500 or more. 63 percent said they would be unable to handle an unexpected expense.

A recent Gallup survey finds 16 percent of respondents say that government – whether it was President Obama or Congress – was the country’s largest problem last year.

GOP presidential candidate Dr. Ben Carson, whose campaign is adjusting to new aides in key positions, released Carson’s plan “for reforming America’s convoluted and systematically unfair tax code.”

GOP frontrunner Donald Trump declared Democrat presidential candidate Sen. Bernie Sanders (I-VT) lied when saying Trump thinks wages in America are too high, and that he could win over Trump supporters.

New York’s Top Democrats have identified the causes of the mass opposition to illegal immigration and Syrian resettlement: Anger, fear, and Ronald Reagan’s 1980 election.

For the first time since 2006, terrorism ranks higher than the economy as a concern for voters, according to a new CBS News poll. These are red-alert crisis numbers for Democrats going into the 2016 election. Conversely, a CBS poll conducted with the New York Times this morning cited mounting concerns about terrorism as one reason for Donald Trump’s commanding lead in the Republican primary.

According to an analysis published at Rudaw, the Islamic State’s books include $80 million per month in revenue from taxes, confiscating property, drug smuggling, oil sales, selling electricity to captive populations, kidnapping for ransom, and even old-fashioned banditry, such as bank robberies.

GOP presidential candidate former Arkansas Gov. Mike Huckabee says “it’s a real tragedy” there are more foreign born workers in the United States “when an increasing number of Americans can’t find jobs.”

The Bureau of Labor Statistics reports that in November 56,295,000 women (ages 16 and older) were neither employed nor had looked for a job in four weeks. The number represented a decline of 245,000 from October’s level and a decline of 352,000 from September’s record level of 56,647,000 women not in the workforce.

Volvo Trucks North America has confirmed that it will be reducing production of several truck lines and will therefore be laying off 1 in 4 workers beginning in February of next year.

The problem facing Democrats as they roll into the 2016 election cycle is that the economy has improved just enough for the Federal Reserve to kill it with an interest-rate hike.

One of the comforting thoughts for observers of the escalating conflict between Russia and Turkey is that both have solid economic incentives to avoid escalating too much. This was emphasized by a 4.39 percent drop in the Turkish stock market, accompanied by the highest five-year debt insurance costs in several weeks, and the Turkish lira sliding 0.6 percent against the dollar.

Turkey could lose billions in all sectors of their economy after the government shot down a Russian jet on the Turkey-Syria border. Tourism might be the first to suffer, as the country hosts over 4 million Russian visitors a year.

LONDON (Reuters) – Britain’s “woefully inadequate” anti-money laundering system has left the country wide open to corrupt money and terrorism funds and needs radical overhaul, a leading anti-corruption group said on Monday. Each year billions of pounds of dirty money

GOP presidential candidate Carly Fiorina says she’s against the Trans Pacific Partnership (TPP) trade deal that was recently made public.

“Pain is part of life” is not what the culture of 2015 wants to hear, and it’s bound to raise sarcastic chuckles as the impromptu slogan of Bush’s presidential campaign… but he’s right, and the quest to avoid pain has gone far beyond the point of diminishing returns. This is true of every form of discomfort – from physical and emotional pain, to economic anxiety and the “trigger words” culture of hyper-sensitivity on campus.

The death rates for middle-aged whites in America is increasing, reversing a decades-long decline, says a new released analysis of national statistics.

GOP 2016 candidate Carly Fiorina says Democratic frontrunner Hillary Clinton “flunks economics” if she believes the economy is better with a Democrat in the White House. “Whose economy is she talking about? The middle class has shrunk under the Obama administration,” Fiorina responded in an op-ed in the Wall Street Journal.

Analysts were expecting well over 200k new jobs for September – which isn’t really all that great, but at least it’s enough to keep pace with population growth. Instead, we got 142k new jobs, the past few months were revised downward, wage growth remained flat, and the labor force shrank by another hair-raising 350k, knocking workforce participation down to 62.4 percent.

Democratic presidential candidate and former Secretary of State Hillary Clinton said “we haven’t seen” “the recovery of incomes” under President Obama in an interview broadcast on MSNBC’s “MTP Daily.” Hillary stated, “President Obama inherited the worst financial crisis since the

Pope Francis took advantage of his historic address to the U.S. Congress to lecture politicians on the importance of wealth creation for lifting the poor out of poverty.

Everyone knows that Pope Francis is capitalism’s number one critic, and he has been waiting for his U.S. visit to scold Americans on the economy, right? Not so fast. The fact is, that Francis has never been an enemy of capitalism and actually believes the free market is a good thing, as long as it has “limits.”

The White House criticized the Republican effort to defund Planned Parenthood as bad for the economy, pointing to the potential shutdown of the abortion corporation’s clinics.

ANAHEIM, California — Former Arkansas Governor and Republican presidential candidate Mike Huckabee expanded upon his platform’s emphasis on building America’s economy and strengthening its military, during Friday’s annual California GOP Convention.

During a roundtable discussion with business leaders, President Obama pushed back against the notion that somehow America was losing to China and Russia.

Obama criticized presidential candidates for not offering solutions to economic problems, choosing instead to blame his presidency. Obama appeared to address political candidates of both parties, as he did not specifically single out Republicans. “I’m here to say that there is nothing particularly patriotic or American about talking down America,” he said, citing the United States economy as a source of economic strength in the world.

A Supreme Court decision allowing employers to fire workers with only three months’ notice has led to a boom in the witch doctor industry as the nation’s unemployed turn to any means possible to help land themselves a new job.

We all know what the standard liberal snake-oil response to stagnant wages is: job-killing minimum wage hikes, which also tend to be a big part of the reason income increases grow scarce in the workplace, producing the understandably frustrating wage stagnation people complained about to the NELP researchers and the New York Times. Nothing kills upward mobility for lower-income workers deader than high minimum wages and mandated labor costs like ObamaCare.

In fact, one of the worst things about politicized economics is the false promise that politicians know what the ideal economy looks like, never mind having solid plans for getting there. Is the ideal economy one in which everyone’s basic needs are covered? Welcome to the endless grey fog of the collectivist welfare or communist state, which always proves unsustainable and fails to deliver on those promises anyway.

The Obama economy is facing thousands of looming layoffs, according to multiple media reports. For example, the Associated Press reports ConocoPhillips is expected to layoff roughly 1,810 employees — 10 percent of its workforce — due to a decrease in oil prices, which are nearing all time lows.

France has been intimidated by Germany into pursuing an economic policy that isn’t working, Nobel prize-winning economist Joseph Stiglitz told AFP in an interview on Monday. “There is a kind of intimidation,” Stiglitz, an outspoken opponent of austerity policy, said

A poll from the Public Opinion Foundation found Russian President Vladimir Putin’s approval rating is slightly down, but still “extremely high” despite a failing Russian economy.

As China’s stock market meltdown continues to worry the world’s financial markets, media outlets everywhere are rife with the story. Everywhere, that is, but China itself, where the communist government there has placed a blackout on the financial story.

While campaigning in South Carolina, GOP presidential candidate Wisconsin Gov. Scott Walker released a statement calling for the Chinese President’s state visit to the United States to be canceled.

As White House spokesperson Josh Earnest is blaming China and Chinese policies for the on-going market crash and selloff, GOP presidential candidate former Arkansas Gov. Mike Huckabee says strong economic policies aren’t built by empowering Washington, D.C. and Wall Street elites.

As Greeks prepare for the beginning of the school year in September, there are serious concerns among Ministry of Education officials that as many as 27,000 teacher and university professor positions will remain unfilled. Officials are scrambling to recruit substitute teachers with fewer certifications to fill classrooms.