Riding the COVID Wave, Non-citizen Flippy, at $3 an Hour, to Replace White Castle Workers
Well, Flippy finally has a new job. It was March when I reported on the burger-flipping kitchen worker, who does his job dutifully,...
Economy
Homebuilders’ Housing Market Index Surge Shows Recovery More Than Just Homes
The recovery in housing is much more than just a recovery in housing. ...
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COVID Lockdown Lunacy: Evictions and Homelessness Now Set for Dramatic Increase
As millions of Americans lost their jobs and their income dried up, they stopped making payments on rent and home mortgages. Now, millions...
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Wholesale Prices Drop in June; Economists Confounded
The Bureau of Labor Statistics announced on Friday that wholesale prices dropped by 0.2 percent in June. Economists were expecting an increase of...
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Jobless Claims Broach 50M Since March 1. Almost 20M Jobless.
Unemployment claims filed during the week ending June 27 dipped 3.7 percent from the previous week, but 13.2 percent of Americans were still...
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Jobs Report Shows Nearly Five Million Jobs Added in June
The U.S. recovery is well underway, and ahead of most economists' expectations. ...
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Dow and Employment Jump in May and June, Confirming Economy’s Rebound
Wall Street celebrated its best quarter since 1987, with the Dow gaining 17 percent from April through June, and private-sector employment increased by...
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Surprises in Just-released WalletHub’s Best- and Worst-run Cities in America
The consumer financial website WalletHub released its “Best- & Worst-run Cities in America” on Monday, and there were a number of surprises. ...
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Consumer Spending Rebounds a Record Eight Percent in May
The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) reported on Friday that consumer spending jumped to a new record in May:...
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Many Signals Showing Strong U.S. Economic Rebound
The economic rebound from the government shutdown is surprisingly robust, which bodes well for Trump in November. ...
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Who’s Running the Show: the Fed or the U.S. Treasury?
If the Fed needs the help of the Treasury to accomplish its purposes, who is in charge: the Fed, or the U.S. Treasury?...
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Retail Sales in May Set All-time Record High
The Commerce Department reported on Tuesday morning that retail sales in May jumped 17.7 percent, the largest monthly increase on record. ...
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Another 1.5M File for Unemployment. 45M Since March 1. Economy in Recession
The economy is now in a recession, the National Bureau of Economic Research announced last week. ...
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Fed’s Gloomy Outlook Sinks Stocks
Federal Reserve Chairman Jerome Powell’s assessment that the surprisingly favorable jobs report last week was likely a one-off blip is pushing stock prices...
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The Bear Market in Stocks Is Over, Says Wall Street Guru
Wall Street gurus are saying the brief bear market in stocks is over, and the economy will quickly rebound to all-time highs as...
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