User: newstrust Topic: US Economy
Category: Jobs
Last updated: Sep 22 2016 12:02 IST RSS 2.0
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MacArthur 'genius' winner: This immigrant helps others build good credit 22.9.2016 LA Times: Business

Jose Quinonez crossed the border from Mexico to California when he was 9 years old, accompanied by his five siblings, driven out of his home after the death of their father and mother. Three decades later, Quinonez is set to receive one of the most prestigious honors offered to American professionals:...

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Maryland revenue projections trimmed by 2 percent this year and next 22.9.2016 Washington Post
Maryland revenue projections trimmed by 2 percent this year and next
Yellen downplays dissent as Fed holds key interest rate steady 22.9.2016 LA Times: Commentary

Federal Reserve policymakers held off on an interest rate increase Wednesday with a rare level of dissent amid some lackluster economic data but signaled a rate hike is coming before the end of the year. 

Fed Chairwoman Janet L. Yellen also said regulators will be looking at Wells Fargo & Co.’s...

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Federal Reserve Board Declines To Raise Interest Rates Again 22.9.2016 Outside the Beltway
An unsurprising decision from the Federal Reserve.
The Latest: Fed officials see tepid growth for 3 years 22.9.2016 Salt Lake Tribune
WASHINGTON • The latest on the U.S. Federal Reserve’s monetary policy meeting, which ends at noon with the release of a policy statement, followed by a news conference by Chair Janet Yellen (all times are Mountain): ——— 12:10 p.m. The Fed expects growth will remain tepid for the next three years, the latest evidence it is pessimistic about the economy’s potential to expand more quickly. The Fed issued its quarterly economic forecasts and for the first time included projections for 2019. Fed poli...
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Craft breweries need help, not handouts 22.9.2016 Washington Post: Op-Eds
Craft breweries need help, not handouts
Fed expresses confidence in health of U.S. economy but leaves interest rates alone 22.9.2016 Washington Post
The central bank says it will wait "for further evidence of continued progress" toward higher growth and faster inflation to raise rates.
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Stocks jump after Federal Reserve leaves interest rates unchanged 22.9.2016 LA Times: Business

U.S. stocks are climbing Wednesday as investors were relieved that the Federal Reserve once again left interest rates unchanged. That's sending dividend-paying stocks higher. Energy companies are rising with the price of oil.

The Dow Jones industrial average advanced 62 points, or 0.4%, to 18,192...

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Are these the last days of free trade? 21.9.2016 Washington Post: Op-Eds
A President Trump could trigger a global trade war, according to a new study.
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Racial wage gap widens, report finds 21.9.2016 SFGate: Business & Technology
According to the report released Tuesday, as of 2015, black men living in similar metropolitan areas and regions of the country make 22 percent less than white men with the same education and experience. Since 1979, median hourly wage growth has fallen short of productivity growth for all workers, regardless of race or gender. While black male college graduates entering the workforce in the 1980s had less than a 10 percent disadvantage compared to whites, by 2014, similarly educated black men started their first jobs at a deficit of roughly 18 percent. The report calls for several policy measures to address the wage gap, including consistently enforcing long-standing antidiscrimination laws in the hiring, promotion and pay of women and minorities; convening a summit to address why black college graduates start their careers at an earnings disadvantage; and raising the federal minimum wage.
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Business News Roundup, Sept. 21 21.9.2016 SFGate: Business & Technology
Samsung says new Galaxy Note7 smartphones are available in U.S. stores starting Wednesday to replace about 1 million devices that are being recalled because of a problem with batteries catching fire. The South Korean company also says it’s pushing out two software updates through wireless carriers. The other tells owners of old Note7 phones to turn off the device and take it in for a replacement. Samsung is coordinating the recall with U.S. safety officials, who say the batteries in 92 devices overheated or caught fire since the Note7 went on sale last month. Research by AAA has found that motorists wasted $2.1 billion in 2015 buying premium gasoline for cars that don’t require it. Using tests designed to evaluate vehicle performance, fuel economy and emissions, AAA researchers said they found no benefit to using premium gasoline in a vehicle that only requires regular-grade fuel. “Drivers see the ‘premium’ name at the pump and may assume the fuel is better for their vehicle,” said John Nielsen, ...
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10 Business Books That Changed the World 21.9.2016 Inc
Entrepreneurs who want to change the world should read the books that actually changed it.
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Clinton to call for workplace improvements for the disabled 21.9.2016 Washington Post: Politics
The address is the latest by the Democratic nominee aimed at lifting the rhetoric in a nasty race against Republican Donald Trump.
Why the U.S. needs the World Trade Organization 21.9.2016 Washington Post: Politics
Trade constitutes almost 30% of the US economy.
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The GOP has become a pity party for white males 21.9.2016 Washington Post
The GOP has become a pity party for white males
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The Metropolitan Washington Airport Authority should raise its minimum wage 21.9.2016 Washington Post: Op-Eds
The Metropolitan Washington Airport Authority should raise its minimum wage
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Racial wage gap widest in nearly 4 decades 20.9.2016 Salt Lake Tribune
Washington • As wages for American workers have stagnated for more than a generation, the income gap between black and white workers has widened, and discrimination is the main reason for the persisting disparity, according to a new report. The Economic Policy Institute also found that young black women are being hit the hardest. This gap remains even after controlling for factors like education, experience, or geography. The wage gap today is “worse now than it was 36 years ago,” said Valerie W...
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Dutch king says economic recovery is stable 20.9.2016 Salt Lake Tribune
The Hague, Netherlands • The Netherlands has emerged stronger from the global economic malaise, but still faces a series of challenges from extremist violence, the refugee crisis and Britain’s exit from the European Union, the Dutch king said Tuesday in a speech unveiling the government’s budget plans for next year. In a speech written by the coalition government, the king said the economy is forecast to grow 1.7 percent in 2017 while the budget deficit is set to shrink to 0.5 percent of the cou...
Trump's Economic "Fixes" for Women Mean the Fix Is In 20.9.2016
Donald Trump gave what was billed as a major economic address to the Economic Club of New York last week. Overall, the speech was same song, umpteenth verse of well-worn Republican bromides. Across-the-board tax cuts, especially for corporations and the wealthy (no more "death tax!"), and getting rid of government regulation. This will of course bring jobs, jobs, jobs. Trickle-down economics redux. Works great in  Kansas , where there’s an outright voter revolt over massive cuts to education and public services, due to those same no-taxes and jobs-in-the-sky promises. But Trump’s so-called economic fixes for the nation’s majority -- women -- were woefully lacking. His proposed slash of the top income-tax rate from 39.6% to 33% would definitely benefit upper-income female workers who earn more than  $413,350 per year . But what of their lower-paid sisters, like the majority of minimum wage workers who happen to be adult women? No meat on that bone. These women already make so little they qualify for the  ...
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In Zimbabwe, comedy thrives as country slowly falls apart 20.9.2016 Salt Lake Tribune
Harare, Zimbabwe • Zimbabwe’s economy is falling apart, and police are cracking down on growing anti-government protests. But the country’s comedy scene is booming. No subject seems taboo. Even 92-year-old President Robert Mugabe, widely accused of muzzling free speech, is a target. Insulting the president can bring a one-year jail term in this southern African country. Nonetheless, the comedians carry on, becoming bolder as fears of speaking out begin to erode. In one skit at a show Thursday ca... <iframe src="" height="1" width="1" > </frame>
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