Tag Archives: economy

A vampire called Goldman Sachs

A vampire called Goldman Sachs

The upper class in America, with a dominant role in the economy and government, originated in big companies and major banks such as the Goldman Sachs. The upper-class communities play a major role not only in economy, but also in shaping U.S. political situation. The Goldman Sachs Group, Inc. is an American multinational finance company that engages in global investment ...

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Senate GOP tax bill would hurt the poor

Senate GOP tax bill would hurt the poor

Poor Americans would lose billions of dollars worth of federal benefits under the Senate GOP tax bill, according to a new Congressional Budget Office report. This is largely because the legislation would eliminate the individual mandate, which requires nearly all Americans to get health insurance or pay a penalty. This would result in 13 million fewer people having coverage in ...

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Trump: U.S. economy is booming

Trump: U.S. economy is booming

The US economy is booming, despite the ongoing investigation of the “Russian trace”, US President Donald Trump wrote on his Twitter page on Twitter. “From the first day that I took office, everything you hear is a false explanation of the democrats for losing the election: Russia, Russia, Russia.” Despite this, I have an economic boom and I did more ...

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Economists doubt about Trump’s growth target

Economists doubt about Trump’s growth target

The pace of U.S. economic growth will stay stuck in the low 2% range in 2017 and 2018, far slower than the 3% pace President Trump has been targeting, according to the latest survey of nearly four dozen economists by the National Association for Business Economics. The economy’s estimated trajectory was unchanged from NABE’s last survey in June, with economists ...

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Chinese National Congress meeting will matter for US markets

Chinese National Congress meeting will matter for US markets

The Chinese National Congress is set to meet in mid-October, and some predict the session will have wide-reaching implications for global markets and the economy. Discussions around the growth of the country’s debt in recent years will be particularly consequential, said Chad Morganlander, portfolio manager at Washington Crossing Advisors. “One critical thing to watch is how they rebalance their economy. ...

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US could end up crippling largest banks in the world as it takes on NK

US could end up crippling largest banks in the world as it takes on NK

As the U.S. mulls its next move against North Korea, some have suggested that sanctioning the major Chinese banks could be the most effective way to pressure the rogue nation into halting its nuclear program. Targeting the big lenders from the world’s second-largest economy is not a new idea. And it would not necessarily just be a way to lash out at Beijing for ...

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Trump, problem, jobs, boost, US, economy

Trump’s growth problem: jobs boost masks trouble ahead for US economy

June shone a little brighter for Donald Trump’s plans to Make America Great Again. After several months of disappointing jobs growth, US hiring picked up steam again. But beneath the surface there’s a problem for the president: the US economy appears to be running out of gas. On Friday, the Bureau of Labor Statistics said the US had added 222,000 ...

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Fed raises interest rates again in further sign of confidence in US economy

The US Federal Reserve announced it was raising short-term interest rates by a quarter percentage point on Wednesday as the central bank continued to unwind the huge economic stimulus plan brought in after the great recession. After a two-day meeting, the Fed raised the target range of the federal funds rate from 1% to 1.25%, the third consecutive quarterly increase. ...

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OECD, outlook, global, economy

OECD: outlook for global economy is ‘better, but not good enough’

Rising inflation and weak wage growth will leave Britain rooted to the bottom of the league table for living standards among the west’s richest countries in 2018, the Organisation for Economic Co-operation and Development has warned. In the last piece of economic news before the general election, the Paris-based thinktank said the next government would spend the first 18 months ...

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Austerity has strangled the British economy. Only Labour gets this

The choice facing the voters in this election is clear – between more failed austerity or a Labour party advancing an economic agenda that is right for the UK. To understand why Labour is right, we first need to look back to the 1980s. Under Ronald Reagan in the United States and Margaret Thatcher in the UK, there was a ...

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