If you could stay home and play video games all day, would you do it? According to a brand new report that was released by the National Bureau of Economic Research on […]
Why Are So Many Millennials Living With Their Parents Instead Of Getting Married And Starting Their Own Families?
Did you know that the percentage of 18 to 34-year-old Americans that are married and living with a spouse has dropped by more than half since 1975? Back then, 57 percent of […]
Barack Obama is one of the biggest “Keynesians” of all time, but unfortunately most Americans don’t even understand what that means. In this article, I am going to share with you the […]
Do you remember the old Saturday Night Live sketches in which comedian Chris Farley portrayed a motivational speaker that lived in a van down by the river? Unfortunately, this is becoming a […]
Why are so many men in their prime working years unemployed? The Obama administration would have us believe that unemployment is low in this country, but that is not true at all. […]
EU politicians and apparatchiks are exploiting the Greek economic collapse to call for a centralized “economic government” that has the authority to tax citizens across Europe. France’s socialist president, François Hollande, is […]
U.S. companies are expected to report their worst sales decline in nearly six years when they post second-quarter results, giving investors reason to worry about future profits. Companies have managed to drive […]
Barack Obama is secretly negotiating a global economic treaty which would destroy thousands of American businesses and millions of good paying American jobs. In other words, it would be the final nail […]
When the coming economic crisis strikes, more than half the country is going to be financially wiped out within weeks. At this point, more than 60 percent of all Americans are living […]
The Baltic Dry Index, “which tracks dry-bulk shipping rates for four types of vessels on 23 ocean routes, has tumbled more than 60% in the past three months,” states Barron’s. The index continued to […]
In one in three families in the U.S., or 38.
In its discussion of historical middle class societies, The Economist reports, “Their members are neither rich nor poor but somewhere in-between…’Middle-class’ describes an income category but also a set of attitudes…An essential characteristic is the possession of a reasonable amount of discretionary income. Middle-class people do not live from hand to mouth, job to job, season to season, as the poor do.” Some argue that the most sensible income amount to attach to the middle class would be the median household income, of around $54,000.
In the upside-down, topsy-turvy world of jobs these days, even an advanced degree can’t protect some Americans from tumbling down the economic ladder. The conventional wisdom that more education bears fruit in the labor market gets turned on its head when it comes to unemployment. For people with masters and even doctoral degrees, long-term unemployment is especially insidious.
Over the past 5 years, the shale industry, fabricated or real reserves notwithstanding, has been a significant boon to the US economy for four main reasons: it has been the target of billions in fixed investment and CapEx spending, it has resulted in tens of thousands of high-paying jobs, its output has been a major tailwind for the US trade deficit, and has generally been a significant contributor to GDP (not to mention various Buffett-controlled or otherwise railway corporations). And perhaps, most importantly, it has become a huge buffer to the price of global oil, as the cost curve of US shale is horizontal, with a massive 10,000 kbls/day available within pennies of $85/bl.
Who’s going to pay? The average cost to treat an Ebola patient could run as high as half a million dollars
Caring for Thomas Eric Duncan, the Dallas Ebola patient, may cost as much as $500,000, a bill that his hospital is unlikely to ever collect. Duncan is in critical condition at Texas Health Presbyterian Hospital Dallas, where he has been isolated since Sept. 28.
Ever since the creation of the Federal Reserve in 1913 Americans have seen the value of their currency dwindle. We know the dollar has lost some 97% of its value since the Fed took over. But it’s hard to actually grasp this destruction of value without some examples.
“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” – Vladimir Lenin In an interview between Jim Goddard and David Smith, Senior Analyst for the Morgan Report, Jim Goddard asks:JG:
Should we be concerned that the percentage of Americans that are either working or looking for work is the lowest that it has been in 36 years? In August, an all-time record high 92,269,000 Americans 16 years of age and older did not “participate in the labor force”. And when you throw in the people that are considered to be “in the labor force” but are not currently employed, that pushes the total of working age Americans that do not have jobs to well over 100 million.
A record 92,269,000 Americans 16 and older did not participate in the labor force in August, as the labor force participation rate matched a 36-year low of 62.8 percent, according to the Bureau of Labor Statistics. The labor force participation rate has been as low as 62.
Employers have been creating jobs at a good clip this year, but Americans are too exhausted and discouraged by the pain of the recession and slow recovery to see much cause for optimism. That’s the conclusion of a new report surveying the economic sentiment of workers, released Thursday by the John J. Heldrich Center for Workforce Development at Rutgers University.
Last year, $415,688,781,248.40 that had been forcibly extracted from American taxpayers was transferred into other hands. Most of it ended up in the pockets of the global elite. So what did the American […]
Does this chart portray an economic recovery in any way? Wages have been stagnant since the START of the supposed recovery in 2010. Real median household income, even using the highly understated […]
If you are fortunate enough to have a job in America today, the phrase “just over broke” probably describes you. Yes, there are a handful of jobs that certainly pay very well, […]
Sometimes it takes a bit of a history lesson in order to understand just how much inflation has destroyed the value of the U.S. dollar. The photo above is of a McDonald’s […]
Retaliating for U.S. sanctions over Ukraine, Russia will ban or limit all American agricultural products for up to a year, a Kremlin official said Wednesday. All fruits and vegetables from the European […]
The jobs numbers that came out last week were spun to be good news because there were 230,000 new jobs. But looking closer into the numbers reveals a more insidious trend. According […]
Like so many other things in popular American culture, this quaint notion of a “middle class” in the U.S. is at this point nothing more than a myth; a rapidly fading fantasy […]
Discount stores are slowly dying. Yesterday, Dollar Tree announced it would buy Family Dollar, a chain that is in the process of closing hundreds of stores and firing workers. Other discount stores […]
Simply put, the NY Times notes, it’s not merely an issue of the rich getting richer. The typical American household has been getting poorer, too. The reasons for these declines are complex […]
The price of beef and bacon hit its all-time high in the United States in June, according to data released Tuesday by the Bureau of Labor Statistics (BLS). In January 1980, when […]
In general, over the last several decades the world has experienced an unprecedented era of peace and prosperity. The opening up of relations with China and the “end of the Cold War” […]
By creating their own multilateral financial institutions, the BRICS emerging-market powers are shaking up global economic governance but remain far from dismantling the post-war system dominated by the West. For the past […]