User: newstrust Topic: US Economy
Category: Jobs
4 new since Feb 23 2017 19:26 IST RSS 2.0
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Paul Waldman: Republicans suddenly realize burning down the health-care system might not be a great idea 23.2.2017 Salt Lake Tribune
The Republican effort to repeal the Affordable Care Act is not going well, in large part because it turns out that making sweeping changes to a system that encompasses one-sixth of the American economy turns out to be rather more complicated than they imagined. Their backtracking has an interesting character to it, in particular how they’ve been gobsmacked by the transition from shaking their fists at the system to being responsible for it. Up until November, they had been pursuing a strategy th... <iframe src="" height="1" width="1" > </frame>
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One Social Value That Can Help Your Business (And The Economy) 23.2.2017 Inc
How a high-school exercise led me to accidentally stumble across an important value to society, business, employment, and the economy.
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Will Trump Democrats In Wisconsin swing back to their party? 23.2.2017 Minnesota Public Radio: Law & Justice
President Trump won over Democrats in rural Wisconsin in 2016. Looking at Trump's term so far, one Democrat worries she will regret switching parties. Another says she will be voting GOP from now on.
How to help small manufacturers (and how not to) 23.2.2017 Washington Post: Op-Eds
There are smart policies to help smaller manufacturers get a foothold in the global economy. And there are not-so-smart ones, too.
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Portable Benefits for an Insecure Workforce 23.2.2017 American Prospect
• paid vacation leave • paid family leave In terms of exactly how portable benefits are implemented, we should stress that this is a moment for a big “what” and a small “how.” We believe the system will provide the best outcomes if executed in certain ways, but it’s more important that cities and states quickly begin to experiment with how to implement portable benefits for their workforces. That said, we propose that cities and states craft legislation that sets out the structure of the system, including a mandate for companies to pay into workers’ benefit accounts at prescribed rates. A state or municipal mandate, or industry-wide agreement, is more or less required to make this system work; anything less leaves loopholes for less scrupulous companies to exploit. We intentionally are not suggesting an initial push for national legislation, because, as the Fight for 15 and the path to legalized same-sex marriage have demonstrated, the real work of moving America forward in the 21st century has begun at ...
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Kevin Brady: Trickle Downer of the Week 23.2.2017 American Prospect
AP/Susan Walsh House Ways and Means Committee Chairman Rep. Kevin Brady, R-Texas., speaks during an interview with The Associated Press on Capitol Hill.  Speaker of the House Paul Ryan has an ambitious plan to dramatically remake the American tax system—and in doing so, give out massive tax breaks to powerful corporations and the wealthy. Ryan’s plan is unadulterated trickle-down economics, sending 99.6 percent of the tax cut savings to the top 1 percent of American taxpayers. At the same time, it slashes the corporate tax rate from 35 percent to 20 percent. To pay for those mammoth corporate tax cuts, Ryan and the GOP’s top tax writer, House Ways and Means Chairman Kevin Brady, are hawking a “border adjustment” tax (BAT) that would levy what is essentially a tariff on imports and a rebate on exports. One analysis finds that the proposal would raise about $1.2 trillion in revenue over 10 years, though that’s likely still not enough to cover the cost of the business tax cuts. What is clear is that the ...
L.A. County has traded high-paying jobs for low-paying ones 23.2.2017 LA Times: Commentary

Los Angeles County has recovered the jobs it lost during the recession. But a new report says the region’s job base has shifted over the last 10 years, losing tens of thousands of higher-paying manufacturing and finance jobs and gaining lower-paying service jobs.

The report, released Wednesday...

This California gubernatorial candidate wants state-funded 'universal basic income' for everyone 23.2.2017 LA Times: Commentary
Essential Politics: Lawmaker says California needs an estate tax if the federal version is scrapped, Sanders thanks supporters in Los Angeles Feb. 22, 2017, 4:20 p.m. This is Essential Politics, our daily look at California political and government news. Here's what we're watching right now: If...
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Fed to raise interest rates 'fairly soon' as uncertainty about Trump policies looms 23.2.2017 Washington Post
Fed to raise interest rates 'fairly soon' as uncertainty about Trump policies looms
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Republicans' 'real-live experiment' with Kansas's economy survives a revolt from their own party 23.2.2017 Washington Post
Gov. Sam Brownback's tax reform -- which slashed taxes for businesses and affluent households, leading to years of budget shortfalls -- narrowly survived a mutiny Wednesday when about half of Republican lawmakers joined Democrats in an unsuccessful effort to overturn it.
Legal Cannabis Industry to Create Over a Quarter Million Jobs in 3 Years 23.2.2017 Inc
The newly created state-regulated marijuana state markets will continue to grow and add jobs, new report says
Fed officials discussed possible rate hike 'fairly soon' 23.2.2017 Salt Lake Tribune
Washington • Federal Reserve officials earlier this month discussed the need to raise a key interest rate again “fairly soon,” especially if the economy remains strong. Minutes of the discussions in minutes released Wednesday showed that while Fed officials decided to keep a key rate unchanged at their Jan. 31-Feb. 1 meeting, there was growing concern about inflation if the economy out-performed expectations. “Several” Fed officials expressed worries that unemployment could fall substantially b...
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Republican Budget Hawks Have A Donald Trump Problem 23.2.2017 Outside the Beltway
Budget hawks in the GOP face a showdown with Donald Trump's spending ambitions this year that will likely decide whether we'll ever get spending under control.
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Trump is turning to Wall Street for top jobs. Democrats hope to use that against him. 23.2.2017 Washington Post
Trump is turning to Wall Street for top jobs. Democrats hope to use that against him.
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Fed officials indicate another interest rate hike could come 'fairly soon' 23.2.2017 LA Times: Business

Federal Reserve policymakers said at their latest meeting that another small hike in a key interest rate could come "fairly soon," opening the door a bit wider to an increase next month, according to an account released Wednesday.

Fed officials reiterated their "considerable uncertainty" about...

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France: PSA-Opel deal would be good news if jobs are saved 23.2.2017 AP Business
PARIS (AP) -- France&apos;s finance minister says a possible PSA Group takeover of General Motors&apos; German subsidiary Opel could help both companies if it doesn&apos;t lead to job cuts....
Trump deportation threats to constrict already-tight job market, could cost economy $5 trillion 22.2.2017 Chicago Tribune: Business
President Donald Trump's sweeping crackdown on immigrants in the country illegally will strain an already tight U.S. job market, with one study suggesting that removing all of them would cost the economy as much as $5 trillion over 10 years. That represents the contribution of the millions of ...
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Utah won't 'soak the rich' to fund schools -- Income tax increase dies without debate in committee 22.2.2017 Salt Lake Tribune
A Senate committee made quick work Wednesday of shutting down a bill that would lift the income tax rate for wealthy Utahns. Without debate, from lawmakers or members of the public, the Senate Revenue and Taxation Committee voted 4-2 against SB141, which would create a 7 percent income tax for individuals earning more than $250,000, or couples earning more than $500,000. Utahns below those earning levels would continue to be taxed at a 5 percent rate. “This isn’t about class warfare,” said bi... <iframe src="" height="1" width="1" > </frame>
Italy faces potential fine from EU for rising debt 22.2.2017 Salt Lake Tribune
Brussels • Italy’s government was put on notice Wednesday that it may face a fine from the European Union for not getting the country’s debt levels down. In a report on Italy’s debt, the executive European Commission urged Rome to take more cost-saving measures, worth up to 0.2 percent of its annual GDP. That’s unlikely to go down well in the center-left government as it faces the possibility of elections this year or next. “The Commission is not trying to create a storm, it’s trying to guide th...
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Germans optimistic, a good sign for Europe's economy 22.2.2017 Salt Lake Tribune
Frankfurt • German business optimism rose unexpectedly in February as executives appeared to shrug off initial worries about U.S. President Donald Trump’s policies, providing another sign that Europe’s economy is gaining pace. The Ifo institute index rose to 111.0 points from 109.9 the previous month. That confounded market analyst expectations for a dip to 109.7 and leaves it well above its long-term average of 101.9 points. The Munich-based research institute surveys 7,000 businesses in Europe...
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