User: newstrust Topic: US Economy
Category: Jobs
Last updated: Mar 23 2017 12:14 IST RSS 2.0
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A ‘sea of despair’: Early death among the white working class might be tied to poor job prospects, research says 23.3.2017 Washington Post
Princeton economists studying this group's mortality spike say career struggles can compound over time through family dysfunction, social isolation, addiction and obesity.
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South Korea to inject $2.6 bln into ailing shipyard Daewoo 23.3.2017 AP Business
SEOUL, South Korea (AP) -- South Korea announced Thursday a fresh capital injection for Daewoo Shipbuilding & Marine Engineering Co., seeking to prevent the world's second-largest shipbuilder from defaulting on its debts....
San Juan County, home of new Bears Ears monument, No. 1 for U.S. population growth 23.3.2017 Salt Lake Tribune
The Bears Ears National Monument wasn’t the only thing new to San Juan County last year. Enough new residents settled there to make it America’s fastest-growing county. “We seem to be in the spotlight for a lot of things these days,” said San Juan County Commission Chairman Phil Lyman, referring to Bears Ears and public lands fights (Lyman landed in jail recently for leading an ATV protest drive into banned areas). “It’s good to have some positive news, something less controversial.” That county... <iframe src="" height="1" width="1" > </frame>
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South Korea to inject $2.6 bln into ailing shipyard Daewoo 23.3.2017 Washington Post: World
South Korea announced Thursday a fresh capital injection for Daewoo Shipbuilding & Marine Engineering Co., seeking to prevent the world’s second-largest shipbuilder from defaulting on its debts.
Elizabeth Warren and Joe Donnelly: Trump’s SEC chairman must look out for American families, not big corporations 23.3.2017 Washington Post
Elizabeth Warren and Joe Donnelly: Trump’s SEC chairman must look out for American families, not big corporations
Southern California aerospace and defense contractors expecting boost from Trump budget 23.3.2017 LA Times: Nation

Southern California's defense industry, long the epicenter for high-flying aerospace technology and advanced weapons for the military, could get a major windfall under President Trump’s proposed new budget.

But the expected spending boom would come at the cost of billions of dollars in federal...

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Gold's six-day winning streak is best since Brexit vote 23.3.2017 Salt Lake Tribune
Gold prices are steadily climbing as equities retreat and concern deepens among investors that Donald Trump won’t deliver on pro-growth promises for the U.S. economy. Bullion for immediate delivery has gained more than 4 percent in six days, heading for the biggest advance since the aftermath of the Brexit vote in late June. Prices rose 0.4 percent to $1,250.33 an ounce at 2:39 p.m. in New York. On the Comex, gold futures for April delivery gained 0.3 percent to settle at $1,249.70. The MSCI All...
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George F. Will: Whatever replaces Obamacare will look a lot like Obamacare 23.3.2017 Salt Lake Tribune
Washington • “Mend it, don’t end it” was Bill Clinton’s rhetorical straddle regarding affirmative action. Republican efforts to “repeal and replace” the Affordable Care Act (Obamacare) look increasingly like “mend it, don’t end it.” The problem is not that, as is frequently said, no entitlement can be ended. The most consequential legislation of the 1990s, the 1996 welfare reform, repealed a portion of the 1935 Social Security Act, which, through Aid to Families with Dependent Children, conferre... <iframe src="" height="1" width="1" > </frame>
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Denver’s top economic development priority for 2017: Economic mobility 23.3.2017 Denver Post: News: Local
Not all Denver residents have benefitted from the city's economic rise since 2011, so this year's JumpStart plan will focus on economic mobility and opportunity for all.
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Don't count Marine Le Pen out 22.3.2017 Washington Post: Op-Eds
Don't count Marine Le Pen out
Seven Things That Need to Happen to Keep Global Temperature Rise Below 2C 22.3.2017
In late 2015, the world agreed to limit the global temperature rise to "well below 2C". Ever since the signing of the  Paris Agreement  on climate change,  scientists ,  think tanks  and  policymakers  have been scrambling to define exactly what meeting this temperature limit will mean in policy and investment terms. A new  report  released this week by the International Energy Agency (IEA) and the International Renewable Energy Agency (IRENA) is the latest attempt to address this question. Commissioned by the German government in its role this year as G20 president, the report sets out the "essential elements" needed to create an energy sector transition consistent with the Paris Agreement. The  G20  is a group of 20 major economies, including China, India, Germany, the UK and US, which  accounts  for 63% of global population and 83% of emissions. The IEA and IRENA each took a separate approach to modelling the most cost effective decarbonisation pathway, with the IEA using a so-called ...
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Home sales slow in February after surge in January 22.3.2017 Salt Lake Tribune
Washington • Americans retreated from buying existing homes in February, a pullback after sales in January had surged to the fastest pace in a decade. But over the past 12 months, sales are up solidly. Sales of existing homes fell 3.7 percent last month to a seasonally adjusted annual rate of 5.48 million, the National Association of Realtors said Wednesday. The decline may represent just a temporary slump after the sharp sales increase in January. Stable hiring and a recovering economy have fue...
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Republican National Committee chief says Trump's hard line on immigration is no obstacle to GOP gains 22.3.2017 LA Times: Nation

Since the collapse of Richard Nixon’s presidency in the Watergate scandal 43 years ago, nothing has shaken the Republican Party more profoundly than Donald Trump’s ascent to the White House.

He upended party orthodoxy with an agenda that drew a fiercely loyal following of white working-class voters,...

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Trump’s budget targets rural development programs that provide a quiet lifeline 22.3.2017 Washington Post
As a political statement, Trump’s budget proposal delighted many small-government conservatives. But voters in Kentucky’s Appalachia, an area that supports the president, worry that vital community programs that enhance job prospects and keep towns afloat might suffer.
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Tyler Cowen: Having 50 states is a drag on growth 22.3.2017 Salt Lake Tribune
In a recent essay, Harvard economist Martin Feldstein listed some reasons we might expect the U.S. to have higher rates of economic growth than other industrialized countries. I agree with most of his list — high entrepreneurialism, world-class research universities, a good work ethic — but there’s one factor I don’t buy. It’s this: “The U.S. has a decentralized political system in which states compete. The competition among states encourages entrepreneurship and work effort and the legal system... <iframe src="" height="1" width="1" > </frame>
Trump Costs Struggling Retirement Savers Billions of Dollars 22.3.2017 American Prospect
(Photo: Shutterstock) A new report published by the Economic Policy Institute argues that the delay of a Department of Labor retirement savings account conflict-of-interest rule will hit average Americans hard. Less than 15 days into his term, President Donald Trump ordered the Department of Labor to delay the implementation of this provision for at least two months—a move that will cost middle-class retirees billions in savings while lining the pockets of Wall Street firms. The conflict-of-interest rule, also known as the fiduciary rule, is a new protection that requires retirement advisors to act in their clients’ best interests. For every seven days of delay, people saving for retirement stand to lose $431 million over the next 30 years, the report found. A full 60 days of delay will cost future retirees $3.7 billion. Each additional 30-day delay would cost an additional $1.85 billion. “People who have worked hard to save for retirement need and deserve this common sense protection, which most people ...
Southern California home prices jump again as short supply fuels bidding wars 21.3.2017 LA Times: Commentary

Southern California home prices jumped in February, posting the largest increase in more than a year, as buyers rushed to outbid one another for a meager selection of homes for sale.

The six-county region’s median price for new and resale homes hit $460,000 last month, up $5,000 from January, real...

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You want faster productivity growth? Then run a high-pressure economy: An interview with Josh Bivens 21.3.2017 Washington Post
You want faster productivity growth? Then run a high-pressure economy: An interview with Josh Bivens
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Driverless Future? 21.3.2017 American Prospect
This article will appear in the Spring 2017 issue of The American Prospect magazine. Subscribe here . Five to ten years from now, Uber hopes, the following will be an everyday occurrence: A driverless Uber car pulls up at Nick and Nicole Smith’s house at 7:30 in the morning. Their two kids, Julia, 16, and Joey, 14, hop into the car, and it then drops them off at school. The Uber car returns to the Smiths’ suburban home, picks up Nick and Nicole, and drops Nicole at the train station to catch the 7:55 into the city. The car then drives 40 minutes to drop off Nick at his company’s headquarters nestled in an office park. During the drive, Nick uses his laptop to answer emails and finish a PowerPoint. At 5:00 that afternoon, a driverless Uber car picks up Julia from field hockey practice and Joey from baseball practice and takes them home. Meanwhile, Uber has sent another car to pick up Dad at the office park at 5:30, and that car makes it to the train station in time to pick up Nicole, who’s due on the ...
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Real bubble may be inflation expectations 21.3.2017 Salt Lake Tribune
U.S. equity and debt markets have ridden a reflationary wave this year, thanks to optimism over the momentum of the U.S. economy. However, one key gauge for growth sits awkwardly with this narrative: negative nominal yields adjusted for the price outlook, as shown by Treasury Inflation Protected Securities five years forward, a metric the Federal Reserve uses to gauge long-term inflation expectations. Real rates, which have generally moved in lockstep with real gross domestic product, are some t...
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1 to 20 of 111,094