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Red tide off northwest Florida could hit economy

 CLEARWATER, Fla. — It’s like Florida’s version of The Blob. Slow moving glops of toxic algae in the northeast Gulf of Mexico are killing sea turtles, sharks and fish, and threatening the waters and beaches that fuel the region’s economy. Known as “red tide,” this particular strain called Karenia brevis is present nearly every year […] Read More →

It’s YOUR Fault: Fed Says Americans Who “Hoard Money” Are To Blame For Poor Economy

SHTF Plan – by Mac Slavo   Despite arguments to the contrary from the Obama administration, mounting evidence suggests that the U.S. economy is rapidly falling back into negative growth territory.  More Americans are out of the workforce than ever before, median household incomes are at levels not seen since 1967, and consumer spending is coming […] Read More →

Political Corruption Slows Growth, Kills Jobs

Peter Morici,   This Friday the Labor Department is expected to report the economy added 230,000 jobs in August. The pace has picked up a bit but is still far less than needed to reemploy all the prime aged workers displaced in the wake of the financial crisis. The jobless rate is down to 6.1 percent […] Read More →

A Half-Trillion Dollar Budget Deficit

Donald Lambro.  The Obama administration continues to run up big budget deficits and huge long-term debts that threaten our economic future and put our national security in peril. The nonpartisan Congressional Budget Office released new numbers this week, projecting that this year’s budget deficit alone will be half a trillion dollars more than the U.S. […] Read More →

Texas Could Soon be a Democrat State

Floyd Brown,  In years past, California used to be reliably Republican. After all, it’s the state that launched the career of Ronald Reagan. California often sent GOP Senators to Washington, it elected a string of Republican governors, and the state even had Republican majorities in both houses of the Sacramento legislature as late as the […] Read More →

The Source of the Deadbeat Economy

VoxEU, the indispensable economic-policy website of the Center for Economic Policy Research, has outdone itself with a new e-book on secular stagnation.  This is the most important conversation in applied macroeconomics — but it’s complicated and confusing, too. Editors Richard Baldwin and Coen Teulings and a team of eminent contributors have produced the first comprehensive […] Read More →

George Will: In a stew over inversions

 Barack Obama, presiding over an unusually dismal post-recession economy, might make matters worse with a distracting crusade against the minor and sensible business practice called “inversion,” more about which anon. So, consider his credentials as an economic thinker. Obama, who thinks ATMs and airport ticket kiosks cost America jobs, gave a speech last year regretting that Maytag […] Read More →

Secular stagnation is a cover-up

Lawrence Kudlow -Co-written by Stephen Moore  John F. Kennedy campaigned for president in 1960 by belittling Dwight Eisenhower’s three recessions and declaring, “We can do bettah.” He was right. In the 1960s, after the Kennedy tax cuts were implemented, prosperity returned, the economy grew by almost 4 percent annually, unemployment sank to record lows and […] Read More →

Wal-Mart’s Sales Stagnation Reignites Concern About Economy

 Wal-Mart Stores Inc. (WMT)’s latest struggles to revive U.S. sales, following a disappointing Commerce Department report earlier this week, add to evidence that the economy isn’t recovering as quickly as expected. The company posted stagnant same-store sales today in its second-quarter earnings report, marking the sixth straight period of no growth. The world’s largest retailer […] Read More →