Economy

Fiat Chrysler Announces $1 Billion Investment in U.S., Creating 2,000 Jobs

Fiat Chrysler Automobiles announced on Sunday that it was investing $1 billion in expanding its plants in Warren, Michigan, and Toledo, Ohio — a...

Bob Adelmann January 11, 2017

Trump Meets With Ma: One Million U.S. Jobs Over Five Years?

Bob Adelmann January 9, 2017

Trump continues to press for new American jobs, this time with the head of Alibaba, a huge online sales company. ...

Another Setback for Big Taxi: Uber, Lyft OK’d to Serve Atlanta Airport

Bob Adelmann January 2, 2017

The free market, left to its own devices, destroys as it creates. Efforts to repeal this economic law continue to fail. ...

Trump Says Sprint, OneWeb to Create 8,000 New Jobs in U.S.

Bob Adelmann December 30, 2016

Let's give Trump some credit for creating the psychological environment that billionaires need in order to make these kinds of decisions. ...

Boomers Are Retiring, Draining Pension Plans

Bob Adelmann December 12, 2016

As Baby Boomers retire, pension promises won't be kept. What happens then? Athens? London's "Winter of Discontent?" ...

Mexico’s Huge Oil Reserves Now Open to Private Exploration

Bob Adelmann November 28, 2016

Mexico’s new proven reserves, potentially 125 billion barrels, are now open to private exploration. ...

Latest Jobs Report Masks Continuing Weakness

Bob Adelmann November 4, 2016

Today's headlines about the Bureau of Labor Statistics' jobs report are deceiving: The economy remains weak, and is getting weaker. ...

Chinese Communist Wants to Own Hollywood Studio

Steve Byas November 3, 2016

Lenin saw the cinema as critical to Communist take-over. Now, his Chinese comrades are actually buying up the American movie industry. ...

Ethanol Mandates Mean Big Profits for Big Oil

Bob Adelmann October 28, 2016

The Energy Independence and Security Act of 2007 required oil refiners to add ethanol to their product or buy ethanol credits. Those credits...

Behind the Jobs Report: Weakness in Manufacturing, Transportation

Bob Adelmann October 7, 2016

Heading into the Christmas shopping season, manufacturing and transportation numbers should be much better than they are. ...

Elites Fear Backlash Against Globalization

Steve Byas October 7, 2016

The elites at the International Monetary Fund (IMF), meeting this week in Washington, D.C., are clearly worried about the increasing opposition to globalization....

Hanjin Bankruptcy: a Harbinger for the Global Economy?

Bob Adelmann September 8, 2016

Last week, following years of losses as the global economy has slowed, South Korean shipping giant Hanjin declared bankruptcy. More bankruptcies are likely...