User: newstrust Topic: US Economy
Category: Jobs
Last updated: May 01 2016 21:43 IST RSS 2.0
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When it comes to taxes, there’s never been a better time to be a U.S. multinational 1.5.2016 Washington Post: Op-Eds
The corporate share of financing U.S. health, education and welfare cannot drop any lower.
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The Labor Movement’s May Day Promise 1.5.2016 American Prospect
AP Photo General view of the great crowds of organized and unorganized workers who took part in the May Day demonstration in Union Square, New York, May 1, 1929.  On May 1, 1886, hundreds of thousands of railroad, mine, and factory workers in the United States put their livelihoods on the line and participated in a national strike to demand an eight-hour workday. They were attacked by strikebreakers and police, but their uprising led to the creation of a holiday to honor workers—May Day—now known as International Workers Memorial Day in many countries around the world. These working men and women also achieved their immediate demand: a standard workday limited to eight hours. And while it took several more decades of struggle, the U.S. labor movement eventually won a much bigger victory: the legal right to form unions and collectively negotiate with their employers. Today, this right is under attack in the face of some employers’ and lawmakers’ successful efforts to undercut unions through legal ...
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Union workers take to the streets in May Day rallies 1.5.2016 AP Business
Trade unions and other groups were staging rallies around the world Sunday to mark International Workers Day....
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Scott Morrison hints at tax cuts in budget as part of 'economic plan' 1.5.2016 The Guardian -- World Latest

Treasurer is asked ‘hand on heart’ to say that the looming federal election had nothing to do with budget decisions

Scott Morrison has declared his first budget will not be “a typical budget”, while hinting at tax cuts and boosting education spending ahead of an expected double dissolution election on 2 July.

Over the weekend, the government announced $1.2bn in extra spending for education, there were reports of tax cuts for people earning more than $80,000 and the treasurer said debt would peak within five to six years.

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View from the left: North Carolina GOP lawmakers only concerned with one job—their own 30.4.2016 Daily Kos
If you thought North Carolina GOP lawmakers might balk at the economic calamity known as HB2 that is slowly draining their state dry, you were sadly optimistic.  The NCAA Board of Governors may threaten to pull 20-some scheduled championship events (not to mention all future ones) from the state, cancellations might already be hobbling the state’s $21 billion tourism industry, and the federal government could cut billions in aid, and yet Tar Heel State Republicans haven’t even flinched but for one exception: Gov. Pat McCrory . Why just McCrory, you ask, when the state clearly stands to suffer major economic damage of yet-to-be-determined proportions? Because McCrory is apparently the only lawmaker who’s worried he might lose his seat in the face of near universal outcry from those outside the state and from some who reside within . After Democrats introduced the HB2 repeal bill at the outset of the week, it was met with resounding indifference from Republicans. By comparison, when Indiana’s GOP lawmakers ...
Vietnam on track to reach emerging-market status 30.4.2016 Salt Lake Tribune
Vietnam says it’s on track to attain the holy grail of emerging-market status, which would put its fledgling capital markets on the radars of the world’s biggest asset managers. Index provider MSCI Inc. isn’t so sure. All of MSCI’s criteria for emerging-market classification are expected to be met as soon as the end of 2016, Nguyen Son, head of market development at the State Securities Commission, said in an interview in Hanoi. The “most difficult” remaining obstacle is to alter foreign-exchang...
Slowdown hits Chile's wealthier economy 30.4.2016 Salt Lake Tribune
Chile’s jobless rate rose more than expected in the first quarter as two years of sluggish growth finally caught up with the labor market, signaling stronger headwinds for South America’s wealthiest economy. Unemployment rose to 6.3 percent from 5.9 percent in the month-earlier period and from 6.1 percent the year earlier, the statistics agency reported Friday, compared with the 6 percent median estimate of 15 economists surveyed by Bloomberg. Manufacturing increased 2.7 percent in March from th...
San Francisco’s Trump Protest Sums Up Election 2016 in One Flaming Piñata 30.4.2016 Wired Top Stories
San Francisco’s Trump Protest Sums Up Election 2016 in One Flaming Piñata
Donald Trump's latest visit to California was met with an hours-long protest in front of the Hyatt Regency hotel in Burlingame---and much of it was covered live by old and new media outlets. The post San Francisco's Trump Protest Sums Up Election 2016 in One Flaming Piñata appeared first on WIRED.
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Rise of the aerostate: U.S. legacy airlines scramble as Persian Gulf rivals emerge 30.4.2016 Washington Post
The supersonic growth of Emirates, Etihad Airways and Qatar Airways has triggered a lobbying, legal and political battle in Washington and Brussels unmatched for its rancor, even for the raucous business of international aviation. 
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Silver completes best month since 2013 30.4.2016 Salt Lake Tribune
Silver had the best month since 2013 amid the dollar’s slump and an improving outlook for industrial demand. Gold surged to the highest in more than a year. All precious metals rose as a gauge of the dollar touched an 11-month low after weaker-than-expected U.S. economic growth cut prospects for higher interest rates, adding to the appeal of non-yielding assets. Traders now see less than a 50 percent chance that the Federal Reserve will raise borrowing costs by November, according to Fed fund fu...
Debate: Protecting public lands ... 30.4.2016 Salt Lake Tribune
— Noel’s conspiracy theory is insulting — Salt Lake Tribune Editorial “Debates over public policy, especially matters as important as how to manage millions of acres of federal land in Utah, ought to pivot on the strength of each competing position. A good idea is a good idea, and a bad one is a stinker, no matter who thought it up or where their money comes from. “Thus it would be wrong to distract from such important questions by contending that, oh, say, Utah state Rep. Mike Noel is leading t... <iframe src="" height="1" width="1" > </frame>
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U.S. consumer spending inches up in March 29.4.2016 Salt Lake Tribune
Washington • U.S. consumers boosted their spending by a tiny amount in March as purchases of nondurable goods such as clothing offset a big fall in spending on autos and other long-lasting items. Spending edged up 0.1 percent last month after a 0.2 percent rise in February, the Commerce Department reported Friday. Incomes rose a solid 0.4 percent. Consumer spending, which accounts for 70 percent of economic activity, has been lackluster for the past four months. The weakness played a big role in...
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Eurozone economy picks up, reaches 2008 size 29.4.2016 Salt Lake Tribune
London • It’s been a long and tortuous journey, but the eurozone economy is finally back to the size it was before the global financial crisis. Official figures released Friday show that the eurozone, which as a bloc is the world’s second-largest economy, accelerated unexpectedly at the start of the year to bring it back to the level it was before the recessions of the past eight years. Eurostat, the European Union’s statistics agency, said the 19-country currency bloc expanded by a quarterly ra...
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6 maps that will make you rethink the world 29.4.2016 Washington Post
Instead of the boundaries that separate sovereign nations, a global strategist offers a new way to think about the world by connecting regions, economies and populations.
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Barack Obama and the troubles of the American economy 29.4.2016 Washington Post
Barack Obama and the troubles of the American economy
Manus and climate problems overshadowed by political scoreboard | Lenore Taylor 29.4.2016 The Guardian -- World Latest
There are no easy fixes for offshore detention or our environmental problems, but it would help if our politicians got serious about them Two of Australia’s most shameful political failures – asylum and climate policy – are back in the news. Labor has had another stab at a climate policy – half brave, half cautious and vague, but certainly more credible than the current government’s fig leaf of a “plan”. And the PNG government has called time on the festering human rights catastrophe that is Manus Island, a development that left both parties gawpingly devoid of answers. Each of these failures has been driven by ...
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U.S. economy may not spring back from weak winter 29.4.2016 Salt Lake Tribune
This time, you can’t blame it on the weather. For the third year in a row, the U.S. economy started the year with a dose of the blues as gross domestic product eked out a 0.5 percent annual gain, according to Commerce Department figures released Thursday. Yet unlike in 2014 and 2015, the blahs can’t be attributed to harsh weather. Indeed, a milder-than-normal winter may have helped, rather than hurt GDP, as builders were able to do more work outdoors than otherwise, according to Ted Wieseman, an...
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Former defense secretaries favor trade pact 29.4.2016 Salt Lake Tribune
Washington • Eight former secretaries of defense are pushing congressional leaders to back one of President Barack Obama’s top priorities and pass a free trade agreement they say is fundamental to national security. The bipartisan group has penned a letter stating that the Trans-Pacific Partnership agreement will strengthen alliances with regional powers such as Japan and Singapore. They also warn that a failure to ratify the agreement will result in a loss of credibility and let others, most li...
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Former defense secretaries push for trade pact 29.4.2016 AP Business
WASHINGTON (AP) -- Eight former secretaries of defense are pushing congressional leaders to back one of President Barack Obama&apos;s top priorities and pass a free trade agreement they say is fundamental to national security....
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Bullion buyers get gift from Bank of Japan 29.4.2016 Salt Lake Tribune
A day before Japan starts its Golden Week holidays, central bank Governor Haruhiko Kuroda has handed a surprise present to bullion investors. Kuroda and his colleagues opted against a widely expected monetary stimulus Thursday, boosting the yen, hurting the greenback and putting gold on course for its longest run of gains since February. The Bloomberg Dollar Spot Index fell as much as 1.1 percent, the biggest drop since March 17, boosting demand for gold as an alternative asset. “The Bank of Jap...
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