Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Wednesday, July 26, 2017


By Bloomberg, July 25, 2017

With unemployment near a 16-year low and U.S. stocks reaching record highs, consumers remain upbeat, which should continue to support the household spending that accounts for about 70 percent of U.S. gross domestic product. Even so, the post-election surge in sentiment has yet to translate into a similar economic boost. Faster wage gains and improved prospects for fiscal stimulus could propel confidence further in coming months. The Conference Board’s data contrast with surveys from the University of Michigan and Bloomberg Consumer Comfort Index showing sentiment ebbing in recent weeks..

Read More: https://www.bloomberg.com

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Friday, February 19, 2016


By Steven Dennis, Sep 23, 2015 Roll Call

Sen. Jeff Sessions won’t boycott the pope’s address to Congress Thursday, but the Alabama Republican doesn’t expect to be swayed by what he says on immigration, climate change or the economy.

“He’s said things close to open borders, which I think is wrong, and his opinion is no more persuasive to me than the Wall Street Journal’s. I don’t agree with either one,” Sessions told CQ Roll Call in a hallway interview Tuesday.
 

Read More: http://blogs.rollcall.com

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Friday, July 17, 2015

ICYMI:  Immigration And The American Worker

By George Borjas April 2013 CIS

At current levels of around one million immigrants per year, immigration makes the U.S. economy (GDP) significantly larger, with almost all of this increase in GDP accruing to the immigrants themselves as a payment for their labor services.

For American workers, immigration is primarily a redistributive policy. Economic theory predicts that immigration will redistribute income by lowering the wages of competing American workers and increasing the wages of complementary American workers as well as profits for business owners and other “users” of immigrant labor. Although the overall net impact on the native-born is small, the loss or gain for particular groups of the population can be substantial.

The best empirical research that tries to examine what has actually happened in the U.S. labor market aligns well with economy theory: An increase in the number of workers leads to lower wages. This report focuses on the labor market impact of immigration.

Read More: http://cis.org




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Monday, July 13, 2015

Hillary: "We Have To Build A Growth And Fairness Economy"

By Associated Press , July 13, 2015 Real Clear Politics

HILLARY CLINTON, CANDIDATE FOR PRESIDENT: Now today — today, as the shadow of crisis recedes and longer- term challenges come into focus, I believe we have to build a growth and fairness economy. You can’t have one without the other. We can’t create enough jobs and new businesses without more growth, and we can’t build strong families and support our consumer economy without more fairness. We need both.

Because while America standing again, we are not yet running the way we should. Corporate profits are at near record highs and Americans are working as hard as ever. But paychecks had nearly budged in real terms. Families today are stretched in so many directions, and so are their budgets. Out of pocket costs of health care, child care, hearing for aging parents, are rising a lot faster than wages.

I hear this everywhere I go. A single mom talked about juggling a job and classes at community college while raising three kids. She doesn’t expect anything to come easy. But if she got a raise, everything would not be quite so hard.

Read More: http://www.realclearpolitics.com

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