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Tag Archives: Economy

Great Recession 10 years later: The booming US economy has these 5 scars

That would be wrong. Here's what America is still suffering on the road to recovery after ten years. 1. Big City Wins, Small Town Losses The recession and its consequences have changed the geography of wealth in America – and the workers have still not caught up. Employment employment, which has been declining since the 1980s, suddenly declined between 2007 …

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Guy turned down $ 1,500 to change economy seats

This story is pretty incredible and I'm not sure what to do with it. NFL star Cam Newton, who claims to be earning $ 20 million a year, flew from Paris to the United States on Friday. Apparently he was supposed to fly from Paris to Charlotte in American Business Class, but missed his flight, and the only other way …

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Trump's new sanctions could be a blow to the heart of Iran's economy, says Deputy Turner

President Trump promised new sanctions against Iran on Monday, in addition to what was already a crippling "maximum pressure campaign", and MP Mike Turner, R-Ohio, discussed how bad it was for the Islamic economy Nation could become. Turner said that the impending sanctions could hit the "heart" of the Iranian economic system, with existing sanctions likely to have serious repercussions. …

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Trump Rally Fact Check: Economy, Wall, Taxes, Abortion

President Donald Trump bragged when he launched his re-election campaign for 2020, surpassing the expectations of his critics and promising progress on his border wall and health care, which were unlikely at best, like any other president's. Here's a look at his rhetoric from Orlando, Florida, on Tuesday night: JOBS TRUMP: "Nearly 160 million people work. That's more than ever. …

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The world economy falls back into its radio after the crisis

Matt O'Brien, The Washington Post Published 15:18 PDT, Friday, June 14, 2019 Japanese Finance Minister Taro Aso gives an opening address Saturday, June 8, 2019 during the G20 ministerial symposium on international taxation in Fukuoka, southern Japan The group of the top 20 economies in Fukuoka, Japan, discuss the revision of tax systems to ensure that large companies pay their …

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China's Vice Premier Liu calls for more action to support the economy By Reuters

© Reuters. US Chinese Officials Conducting Trade Talks at Washington US Attorney's Office By Zheng Li and David Stanway SHANGHAI (Reuters) – Chinese regulators should increase support for the economy and keep the financial system sufficiently liquid. Vice Premier Liu He said Thursday that Beijing will soon present additional strategies to boost growth amid rising US trade pressure. Beijing has …

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US economy creates disappointing 75,000 jobs in May, unemployment rate at 3.6%

The US economy shut down 75,000 non-farm workers in May, the Bureau of Labor Statistics reported Friday. This was below expectations for 175,000 additional non-farm employees, based on Bloomberg estimates. The unemployment rate was at a 49-year low of 3.6%, in line with consensus estimates. The labor force participation was also 62.8%. The average hourly wage was 0.2% on the …

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US inflation benefits rise; Slowing the economy can limit profits

By Lucia Mutikani WASHINGTON (Reuters) – Consumer prices in the US rose the most in the last 15 months of April, but a slowdown in spending indicated a slowdown in economic growth that could keep inflationary pressures moderate. Friday's Ministry of Commerce report backed Jerome Powell's view that the recent disinflation trend could be "temporary." Inflation remains below the US …

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Trump's tariff threat to Mexico could overthrow the trade agreement and undermine the economy

President Trump's startling announcement of an escalating series of new tariffs on all goods imported from Mexico should liven up hopes for early action by Congress on its planned North American trade agreement and, according to the trade, economic upheavals on both sides of the border trigger analysts and businessmen. Business leaders reacted with dismay to Trump's statement that as …

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Population aging in the US is a "tricky" problem for the economy

The longer term risk of slowing population growth "poses particular economic challenges," said David Kelly, chief strategist at JPMorgan Funds, in a recent report. He is concerned that policymakers are not addressing the problem that could harm the market, especially if some of the plans for "performance-based immigration" proposed by President Trump and an increase in border security come into …

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