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In 1992, the trade deficit was $44 billion dollars less than July’s trade report by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. While cutting spending has dominated the economic policy headlines, the other major impediment to growth and balancing the U.S budget isn’t being even looked at… July’s trade imbalance was [...]
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Quantitative easing is the lightning rod topic for economists and pseudo-economists talking heads. What has the role of government been and how has it affected the market? Talking heads from the political and financial sector continue rhetoric that disparages government action are now backtracking. Long term economic growth needs to have strong private sector investment [...]
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Negative effect of jobless benefits on the economy appears to be less than originally thought according to a new study. While official August 2011 unemployment remain statistically unchanged at 9.1% (see report details below), a new study by Jesse Rothstein, examines the effect of long term benefit extensions on re employment rates. Does Unemployment Insurance [...]
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GOP Rep. Tim Scott introduced a bill that was approved Thursday preventing the (National Labor Relations Board) NLRB from ordering an “employer to close, relocate, or transfer employment under any circumstance.” BA, Boeing receives a majority of its revenue from taxpayers through government contracts. Earlier this year Boeing received another contract from the the federal [...]
U.S. government investigation concludes final report on massive Gulf of Mexico oil spill disaster that killed 11 workers. BOEMRE’s JIT (Joint Investigation Team) found BP (British Petroleum) actions contributed to the Macondo well and operations of the Deepwater Horizon platform. Full of recommendations to prevent future disasters, the report details what went wrong and who/what [...]
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Treasury Secretary, Timothy Geithner, offered three solutions to help pull the global markets out of the current financial crisis in an op-ed this week. Steps aimed at halting a double dip recession and further economic uncertainty detail actions to take from the U.S., Europe, and then BRIC countries. First: U.S. Job, Investment, and Incentives – [...]
Current Population Survey is the most widely received study on health insurance coverage and uninsured. According to the Census Bureau’s study, the uninsured in 2010 were no more statistically different than the uninsured in 2009. In 2009, the broad population percentage of uninsured were 16.1% versus 16.3% in 2010. 49.9 million people were without any [...]
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Dow ($INDU) is indecisive Tuesday. Based upon global market’s action over the last week, without government intervention a double dip recession is imminent. The Dow opened below the close on Monday, surged higher and then gave up its gains. S&P 500 ($INX) and NASDAQ ($COMPX) opened slightly higher and has maintained relatively small gains. While [...]
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With no safety net from federal governments in the U.S. and Europe, domestic and global markets are showing signs of uncertainty. Dow ($INDU) and S&P 500 ($INX) opened lower Monday from Friday’s close and at this point has stayed lower. NASDAQ ($COMPX) is up slightly. With stalling economies and investors dependent as of late on [...]
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U.S. youth unemployment rate reach record numbers. BEA reports lowest summertime employment since it began tracking youth unemployment rates. Employment rates lower than leading industrialized countries.