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updated Tue. April 17, 2018

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As the U.S. economy lumbered out of the depths of the Great Recession, it became increasingly clear that poor growth was a pressing threat to American families. In contrast to the postwar period up to 2007, when the standard of living doubled on average in one working career -- 35 years -- the ...
ISTANBUL--Moody's Investors Service said Monday that ongoing lira weakness is especially problematic for Turkey's economy because of its high degree of external vulnerability and low foreign-exchange reserves, a credit negative for the sovereign. Key officials said last week that they stand ready to ...

A Fed President laid out the hawkish case in an interview last week. This article assesses some important economic data from last week. Hiring/job loss data, bank lending data and history raise serious questions about whether the Fed should at least pause its tightening program and reassess. Since ...
With the rise of digital technologies and big data, the global economy is undergoing a fundamental transformation that poses significant challenges to governments and policymakers. Unless tools are developed to measure new sources of value in the real economy, current and future generations' ...
MELBOURNE, Australia -- Some members of Australia's governing Liberal Party want voters to believe immigrants are bad for the economy, draining resources and causing wages to stagnate. But a newly published report, written by the same conservative politicians, reveals the opposite -- immigration ...
He came bearing gifts for a party eager to talk about the economy and tax cuts ahead of the looming mid-term elections, and stayed focused, not once mentioning former FBI director James Comey or Russia. "For the first time in 18 years wages are going up. Congratulations," Trump said. "Enjoy your money. taxes
China's economy made a strong start to 2018, shrugging off escalating trade tensions with the United States. The world's second largest economy grew 6.8% in the first quarter of the year from the same period a year earlier, according to government data published Tuesday. Fears of a trade war ...
The survey, which was conducted April 8-11, shows that 35 percent of Americans believe the GOP is the better of the two major parties to handle the economy, compared with 28 percent who name Democrats -- a seven point advantage for Republicans. In December, Democrats held a five-point edge ...
Lawson says the Times story based that on a look at statistics from 1990 to 2007. It contends if you look at the econom up unitl last year, those middle income families are making 20 percent more, not less. CDF adds that diversifying the local economy has almost brought the job numbers back to what they ...
While these indicators of financial fragility are problematic for the individuals and households involved, it is important to remember that these behavioral manifestations of financial illiteracy have profound repercussions for the economy as a whole. The composition of household debt has shifted toward ...
The coming recreational marijuana market means that pot entrepreneurs are everywhere, hoping to cash in when the demand for the once-forbidden product goes from the black market to out in the open. NewsCenter 5's Ben Simmoneau takes a look at what the marijuana economy may mean for ...
We're seeing some modestly concerning movements in the credit markets. While they're certainly not at danger levels, we should keep an eye on them. The leading indicators are all moving higher. The coincidental numbers are strong. I'm in the final stages of working with the Seeking Alpha team on ...
Americans' views of national economic conditions continue to improve, with the share saying the economy is in good or excellent condition now at its highest point in nearly two decades. The overall rise in positive assessments seen over the last year is driven by the shifting views of Republicans and ...
GDP growth likely will be slow in the first quarter — as low as 1.4 percent, according to a UBS estimate — but should accelerate strongly later in the year. Bank of America Merrill Lynch sliced its growth estimate from 2.3 percent to 1.7 percent for Q1 but maintained its full-year 2.9 percent forecast. Earlier this ...
It now has to import almost everything, but rising customs fees are making even the most basic products unaffordable. by Hamza Mohamed. 20 hours ago. Play Video. Play. Mute. Current Time 0:00. /. Duration Time 0:00. Loaded: 0%. 0:00. Progress: 0%. 0:00. Progress: 0%. Stream TypeLIVE. Remaining Time -0:00. Share.

To global investors, India's economy may seem a bit like a raw mango these days—enticing from a distance but bitter to taste; good for pickles, and not much more. That Goldman Sachs cut India's economic growth estimate from 8% to 7.6% for financial year 2019 may not be a surprise after the swell of bank ...
What a difference just a few years make, especially when it comes to Oregon wine. A new report shows a huge increase in the amount of money Oregon's wine industry pumped into the state. In 2013, all things Oregon wine-related contributed a little over $3 billion to the economy. By 2016 that number had ...
Our air is cleaner, as is the river, jobs are safer, our economy is more diverse, our downtowns are vibrant again, technology has improved and expanded health care, our manufacturing base and the economy. The economy and population are growing as new businesses and people come here or start here ...
Deteriorating real economic fundamentals - The most important economic report out last week was retail sales for February, which showed at 0.1% decline from January. This was a surprise to Wall Street's brain trust, which was expecting a 0.4% gain. Keep in mind the 0.1% decline is nominal.
There are an increasing number of signs and signals that the economy is entering the very late stages of economic recovery. That does not mean a recession is imminent, but some early warning signs are emerging that should encourage policy-makers, business leaders, investors and even workers to ...
HONG KONG — China's president, Xi Jinping, has handed the reins of the country's financial system to a close ally, strengthening his hold over the world's second-largest economy and sending a clear signal that companies must reduce risky borrowing. Liu He, an economic adviser to Mr. Xi and previous ...
Americans have spent much of the past decade wondering when the economy would recover from the crippling Great Recession. Now, they are considering another question: When, and how, will that recovery end? This month is the 10th anniversary of the collapse of the investment bank Bear Stearns, the ...
President Trump cheered last week that the "raging" economy is at an "all-time high," mirroring optimism on Wall Street and Corporate America about a stellar year for growth. Unfortunately, predictions for first-quarter economic growth have plunged in recent weeks, signaling 2018 may be off to a "meh" start ...
When making irreparable decisions about our public lands, their understanding of what those decisions mean for Montana's economy is paramount in protecting these outdoor assets. In fact, one of the most successful, bipartisan conservation and recreation programs in our nation's history is set to expire ...
The U.S. economy is beginning the year with a downshift in growth despite $1.5 trillion in tax cuts signed by President Donald Trump in December. Unexpectedly weak February retail sales pushed down forecasts for the annualized pace of expansion in the first quarter, with the Federal Reserve Bank of ...
Even with the sudden prospect of a trade war, it's hard to find a bear on Wall Street. While caution and volatility have returned to markets over the past six weeks — a period marked by concerns over inflation, tariffs, and the first correction for the Dow DJIA, +0.29% and S&P 500 SPX, +0.17% in two years ...
First there was the sharing economy, and then the gig economy. Now the buzz phrase to pay attention to may be “on-demand.” The on-demand economy, according to TheOnDemandEconomy.org, is defined as the economic activity created by digital marketplaces that fulfill consumer demand with ...
Tariffs on China's information and communications technology imports would lead to billions in losses for the U.S. economy, a new report released on Friday shows. Any Trump administration plan that would levy a 25 percent tariff on those types of Chinese products would cost the U.S. economy $332 ...
As Russia prepares for its presidential election on Sunday, the economy remains a primary consideration for voters. Russia has recovered from its two-year recession, growing an estimated 1.4 percent last year, but regions outside Moscow have seen wages and living standards decline. The election ...
California's job growth appeared to slow a year ago but things have picked up since then and economists insist there's no recession on the horizon. Yet economists say the Trump administration's trade and immigration policies could at some point trip up California's economy. A recent report from the state ...
Michigan's economy is mostly recovered from Great Recession, but more than 150 communities still face serious long-term financial challenges. The next frontier of money problems? Suburbs, says Eric Scorsone, deputy treasurer for Michigan. “My guess is that the next wave of fiscal problems will be more ...
The Bank of England failed to recognise the possibility that there might be a recession even when the economy was already in one. And as Paul Johnson of the Institute for Fiscal Studies has noted, a decade later earnings are still below their pre-crisis peak and the economy is 14% smaller than it would ...
Now imagine if I said to you that instead of building on these capabilities to advance the bio economy and the revolution in material technology, we would just turn them into ash? This is the sad paradox of the debate on renewable energy. By focusing solely on the energy context of the bio economy rather ...
The API economy came about as companies understood that more than simply developers' tools, APIs delivered a way to expedite business processes, use existing technology to produce novel platforms, and establish a more connected and interoperable environment for applications. In an increasingly ...
The Atlanta Fed's GDP now tracker projects 1.9% growth for the US economy in the first quarter. The tracker saw 5.4% growth in early February. President Donald Trump has touted 3% growth for his administration. One model that forecasts the US economy's performance saw another big downward revision on Wednesday.
President Trump has chosen Larry Kudlow as the next director of the National Economic Council, replacing Gary Cohn, according to multiple reports. With Larry Kudlow, Trump Gets a Smooth Loyalist on the Economy. Illustration: Getty Images. A longtime CNBC commentator and syndicated columnist, ...
Overheating a car, a laptop or an appliance can have catastrophic consequences, so the prospect of the U.S. economy “overheating” may well cause alarm. The question of whether the economy is running too hot returned to the news cycle this month as the new chairman of the Federal Reserve took his ...
Companies often go to great lengths to keep a lid on costs, but here's one place where many won't skimp: airfares. Corporate travel providers tell CNBC that many of their clients are asking them to block airlines' basic economy airfares. These are usually the cheapest seats on the plane, where in exchange ...
"It's the economy, stupid," read a sign in Bill Clinton's 1992 campaign headquarters, reminding everyone that while the election may have looked like a contest between a dynamic young agent of change and a hidebound old establishment figure, the most important thing was to talk about the faltering ...
Something is badly wrong with our economy. But the current challenge is the quality of our jobs, not their quantity. Tonight, in the spirit of an earlier president, I announce a new New Deal, which will provide what all Americans want: work with meaning and an honest wage for honest labor in a new ...
WASHINGTON — China's extraordinary growth over the past few decades has spawned two major lines of analysis. One school of thought holds that China is a rising economic power poised to conquer the world. The other argues that China's economy has become so distorted that it is bound to collapse or ...
The stronger expansion in 2017 also meant the economy carried more of that momentum into 2018. While productivity growth over the last two quarters is the strongest since the 2008 recession, this is not expected to translate to higher growth in later years. Output per working hour rose by 0.8% in the three ...
Thus, when you hear that Republicans will run on the strong economy as their ticket to retaining control of the House and Senate in November's midterm elections, one has to scratch one's head and say, “That is stupid.” It is of course something to take credit for, this good time. But will it be the primary factor ...
Last week, Federal Reserve Bank of Atlanta president Raphael Bostic said steel and aluminum tariffs bring uncertainty that could hurt the economy's robust growth. Mike Jackson, new Federal Reserve Bank of Atlanta chairman and chairman and CEO of Fort Lauderdale-based AutoNation, asked Bostic in a ...
When it comes to booking an economy ticket for a transatlantic flight, the fine print is now more important than ever. Where once a traveler could expect a meal, a checked bag, and booking their preferred seat in advance as standard, the basic economy era is now upon us—and airlines are offering ever ...
Today's Spring Statement will require a rather more accomplished ability to understand two things simultaneously, while retaining the ability to quickly check "is chewing gum made of plastic?" on Google. First, Philip Hammond will say that, yes, the economy and the public finances are in better shape than ...
A major argument used by proponents of last year's tax-cut legislation was that it would boost the economy. Regardless of how that turns out, partisans on both sides generally agreed that growing the economy over the long term was an important goal. It is, therefore, odd that the debate over immigration ...
The link between the health of the economy and the health of the people who participate in it is longstanding and bidirectional: the poor or newly uninsured are less likely to seek out robust medical treatment, but the stress of a crashing economy can also cause ill health among previously healthy people.


 

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