Trump Declares National Emergency
President Donald Trump now has used the Twitter platform to declare a national emergency, citing one of his favorite subjects.
Economy
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Saudi Arabia’s Economy and Military by the Numbers
Saudi Arabia is the 41st-most populous country in the world, and it posts the 19th-largest nominal GDP. It also ranks fourth in the world based on military expenditures.
Why China’s New GDP Number Is Probably Not Accurate
Outsiders have questioned the accuracy of China's economic data for years. In part, that is because skeptics think the government manipulates the information to present a picture it would like the world to see.
America Becomes World’s Most Competitive Economy
The World Economic Forum has been gauging national competitiveness for nearly four decades. The United States has moved into first place among the 140 countries measured.
FOMC Minutes Point to Continued Yet Confusing Rate Hikes
While interest rates are expected to keep rising, Federal Reserve officials seem split about the actual path of interest rate hikes.
Industrial Production May Not Be as Tame as It Seems
The Federal Reserve released its most recent views on industrial production in the United States on Tuesday.
Why the Economy Cannot Cut the Budget Deficit
It is plain that the only thing that can start to begin to push the deficit down is an economy so strong that it causes a surge in federal government receipts. The argument has…
Top 0.001%, Bottom 50% of US Taxpayers Pay Equal Shares of Income Tax
Recently released data from the IRS shows that the top 0.001% of U.S. taxpayers pay nearly the same proportion of all U.S. federal income tax as the bottom 50%.
September Retail Sales Close Out Q3 as a Dud
The Commerce Department has reported that U.S. retail sales rose less than expected during the month of September.
Tariffs Could Wreck China’s Growth Rate — IMF
The IMF warns that trade tensions, particularly with the United States, could tamp down China's gross domestic product.
September Small Business Optimism Retreats Slightly as Pay Hikes Rise to Record High
The National Federation of Independent Business reported Tuesday that small-business optimism dipped slightly in September from a 45-year record high in August.
IMF Downgrades Global Growth Prospects, Blaming Trade Tensions
The IMF's World Economic Outlook, October 2018, warns that global expansion of gross domestic product will slow from its previous forecasts for this year and next.
Hurricane Michael Puts 57,000 Homes at Risk
Two things about Hurricane Michael seem clear as it heads toward the easternmost part of Florida.
Slowing Global Warming Would Require ‘Unprecedented’ Effort
The Intergovernmental Panel on Climate Change warns that if the world is to keep global warming to no more than 1.5 degrees Celsius, it will require "unprecedented" effort.
What the 50-Year Record Unemployment Headlines Didn’t Tell You
Just reading the headlines on the unemployment report is ill-advised. It was a positive report, but there are some downstream issues that simply should not be ignored.