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Economy

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Last Call: February 27, 2021

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So much for Spring Fever; it’s now spring allergies that have me all stuffed up and kept me inside, unable to enjoy the sunshine. In fact, we planned to go...

U.K. Supreme Court rules Uber drivers are employees
Economy / Editorials / Europe

U.K. Supreme Court rules Uber drivers are employees

Uber suffered a major defeat in one of its most important markets on Friday when Britain’s Supreme Court, in a ruling that could threaten the future of the already unprofitable…

  • Post author:Great Gazoo
  • 0 Comments
    02/21/2021
    Biden dismisses a Democratic plan to wipe out $50,000 in federal student-loan debt
    Economy

    Biden dismisses a Democratic plan to wipe out $50,000 in federal student-loan debt

    President Joe Biden dismissed a Democratic plan to forgive up to $50,000 in student-loan debt. "I will not make that happen," he said Tuesday, adding he didn't think he could…

  • Post author:Community
  • 0 Comments
    02/17/2021
    Biden and Yellen signal a return to Keynesian economics
    Economy / Editorials

    Biden and Yellen signal a return to Keynesian economics

    If there were any doubt that Joe Biden’s economic proposals represent a big break with the policies of the Obama and Clinton Administrations, the debate about Biden’s $1.9 trillion covid-19 relief plan…

  • Post author:Great Gazoo
  • 0 Comments
    02/13/2021
    Weekly jobless claims remain high despite decline in new COVID-19 cases
    Economy

    Weekly jobless claims remain high despite decline in new COVID-19 cases

    The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain high despite a substantial decline in new viral infections. Last week’s total…

  • Post author:Ms. G
  • 0 Comments
    02/11/2021
    Yellen: US could reach full employment next year if Congress passes Biden’s stimulus plan
    Economy

    Yellen: US could reach full employment next year if Congress passes Biden’s stimulus plan

    "Biden's plan, which the secretary said is "big enough to address (the) full range of needs" facing the country's economy, includes a wide range of immediate assistance for struggling families,…

  • Post author:Rachel Kennedy
  • 0 Comments
    02/07/2021
    U.S. Trade Deficit Jumps to 12-Year High in 2020
    Economy

    U.S. Trade Deficit Jumps to 12-Year High in 2020

    As a candidate, Donald Trump promised “brilliant trade” policies that would drop the national trade deficit “like you’ve never seen before.” WASHINGTON (Reuters) - The United States’ trade deficit surged…

  • Post author:Surley
  • 0 Comments
    02/05/2021
    Whoohoo! The US adds a whopping 49,000 jobs in January
    Economy

    Whoohoo! The US adds a whopping 49,000 jobs in January

    “Though we gained jobs in January after a December loss, this is not a we’ve-turned-the-corner report,” said Robert Frick, corporate economist at Navy Federal Credit Union. “We especially shouldn’t take…

  • Post author:Ms. G
  • 0 Comments
    02/05/2021
    Democrats Move Forward With Reconciliation Bill and Joe Manchin
    Economy

    Democrats Move Forward With Reconciliation Bill and Joe Manchin

    Democrats are set to move forward with COVID-19 relief bill as holdout Senator Joe Manchin (WV) indicated his support. On Monday Pelosi and Schumer introduced a budget resolution bill that…

  • Post author:PMSwithESP
  • 0 Comments
    02/03/2021
    A ‘progressive’ state: Gov. Mike DeWine wants $50M to encourage people to move to Ohio
    Economy

    A ‘progressive’ state: Gov. Mike DeWine wants $50M to encourage people to move to Ohio

    The Olde Youngstow eet & Tube Ohio Gov. Mike DeWine announced Monday that he wants to spend $50 million on a marketing campaign to convince East Coast and West Coast…

  • Post author:Surley
  • 0 Comments
    02/01/2021
    Silver futures jump 7% as Reddit traders try their squeeze play with the metal
    Economy

    Silver futures jump 7% as Reddit traders try their squeeze play with the metal

    Futures contracts for silver surged higher on Sunday night as the Reddit-fueled boom in highly shorted stocks appears to be spilling over into the metals market. Silver futures were up 8%…

  • Post author:Surley
  • 0 Comments
    01/31/2021
    Youngstown, Ohio’s Rep. Tim Ryan invites President Biden to visit Lordstown Motors and attend ‘Voltage Valley’ roundtable
    Economy

    Youngstown, Ohio’s Rep. Tim Ryan invites President Biden to visit Lordstown Motors and attend ‘Voltage Valley’ roundtable

    On Wednesday, Youngstown Rep. Tim Ryan sent a letter to President Biden inviting him to "visit his Northeast Ohio congressional district at his "earliest convenience," wishing to showcase what local leaders…

  • Post author:Ms. G
  • 0 Comments
    01/28/2021
    What is going on with Gamestop’s shares?
    Economy / Editorials

    What is going on with Gamestop’s shares?

    GameStop is a retail chain with about 5,000 locations across North America which, as its name suggests, sells video games and game-related accessories. Like many retailers, its business has been…

  • Post author:Great Gazoo
  • 0 Comments
    01/28/2021
    Shutdowns in Blue states did not cause the pandemic jobs losses
    Economy

    Shutdowns in Blue states did not cause the pandemic jobs losses

    People started staying at home before the shutdowns were ordered, data shows With the input Indiana University economists Sumedha Gupta, Kosali Simon and Coady Wing, the Washington Post released their conclusions…

  • Post author:Ms. G
  • 0 Comments
    01/25/2021
    Weekly jobless claims surge to their highest total since August
    The words "Job Losses" on US currency.
    Economy

    Weekly jobless claims surge to their highest total since August

    More winning: First-time claims for unemployment insurance jumped to 965,000 last week amid signs of a slowdown in hiring due to pandemic restrictions, the Labor Department reported Thursday. The total…

  • Post author:Ms. G
  • 0 Comments
    01/14/2021
    U.S. loses 140K jobs in December, final report of Trump presidency
    The words "Job Losses" on US currency.
    Economy

    U.S. loses 140K jobs in December, final report of Trump presidency

    The final jobs report of 2020 shows a labor market teetering on the brink, as the pandemic’s chokehold on the economy strengthens. More Winning! “It’s eerily reminiscent of when Joe…

  • Post author:Ms. G
  • 0 Comments
    01/08/2021
    Weekly Jobless Claims: 803,000 Americans file for unemployment
    Economy

    Weekly Jobless Claims: 803,000 Americans file for unemployment

    'Twas days before Christmas and all through the land, 803,000 Americans found out they were canned. They rushed to the unemployment office to file a claim, joining 20.4 million others,…

  • Post author:Ms. G
  • 0 Comments
    12/23/2020
    Schumer and Pelosi Are All In For Trump’s $2,000 Offer For Relief Bill
    Economy

    Schumer and Pelosi Are All In For Trump’s $2,000 Offer For Relief Bill

    Chuck Schumer and Nancy Pelosi are signaling support for Trump's suggestion to increase direct payments to Americans for $2,000 in a revamped coronavirus stimulus and government funding bill. https://twitter.com/SenSchumer/status/1341599067516907520?s=20 https://twitter.com/SpeakerPelosi/status/1341557535732604935?s=20…

  • Post author:PMSwithESP
  • 0 Comments
    12/23/2020
    DUH! 50 Years of Tax Cuts For the Rich Failed to Trickle Down, Economic Study Says
    Economy

    DUH! 50 Years of Tax Cuts For the Rich Failed to Trickle Down, Economic Study Says

    Tax cuts for the wealthy have long drawn support from conservative lawmakers and economists who argue that such measures will "trickle down" and eventually boost jobs and incomes for everyone…

  • Post author:Surley
  • 0 Comments
    12/17/2020
    Analysis: Government study shows taxpayers are subsidizing “starvation wages” at McDonald’s, Walmart
    Economy

    Analysis: Government study shows taxpayers are subsidizing “starvation wages” at McDonald’s, Walmart

    Millions of Americans employed at some of the country's largest companies have had to rely on food stamps and Medicaid, with giants like Walmart and McDonald's employing the most workers…

  • Post author:Community
  • 0 Comments
    12/15/2020
    Jobless claims surge to 853,000 amid resurgence of virus
    Economy

    Jobless claims surge to 853,000 amid resurgence of virus

    The number of people applying for unemployment aid jumped last week to 853,000, the most since September, evidence that companies are cutting more jobs as new virus cases spiral higher.…

  • Post author:Ms. G
  • 0 Comments
    12/10/2020
    November job growth slowest month  since recovery began; only 245,000 jobs recovered
    Economy / News

    November job growth slowest month since recovery began; only 245,000 jobs recovered

    Remember, folks, these are jobs recovered since the pandemic hit, not new jobs. The U.S. economy added 245,000 jobs in November, as the unemployment rate fell to 6.7 percent, according…

  • Post author:Ms. G
  • 0 Comments
    12/04/2020
    Congress Reconvenes Monday, Under Pressure From Trump and Biden to Pass Another Stimulus
    Economy

    Congress Reconvenes Monday, Under Pressure From Trump and Biden to Pass Another Stimulus

    Congress gets another chance to break the gridlock over a deadlocked stimulus bill when they reconvene for a short period beginning on Monday. The return to Washington will end before…

  • Post author:PMSwithESP
  • 0 Comments
    11/30/2020
    Mnuchin makes things difficult for the incoming Biden administration
    Biden Transition / Coronavirus / Economy

    Mnuchin makes things difficult for the incoming Biden administration

    Treasury Secretary Steven Mnuchin broke sharply with the Federal Reserve this week, choosing to end a variety of programs aimed at helping markets, businesses and municipalities weather the pandemic and…

  • Post author:Great Gazoo
  • 0 Comments
    11/21/2020
    Weekly jobless claims increase while continuing claims decrease
    The words "Job Losses" on US currency.
    Economy

    Weekly jobless claims increase while continuing claims decrease

    First-time filings for unemployment benefits totaled 742,000 last week vs. the Wall Street estimate of 710,000.Continuing claims fell by 429,000 to 6.37 million, a fresh pandemic-era low.The total of those…

  • Post author:Ms. G
  • 0 Comments
    11/19/2020
    Mississippi’s governor proposes eliminating the state income tax but wants $3 million for a ‘Patriotic Education Fund’
    Economy

    Mississippi’s governor proposes eliminating the state income tax but wants $3 million for a ‘Patriotic Education Fund’

    Below is how Mississippi ranks in areas of importance, such as healthcare, education, economy, etc. Regardless of their sucky rankings in everything that matters, Mississippi's Governor Tate Reeves wants to eliminate…

  • Post author:Ms. G
  • 0 Comments
    11/18/2020
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