Retail Spending Jumps Again in June: Census Bureau
The Census Bureau's advance report on June retail sales showed a year-over-year gain of 6.6% and a month-over-month increase of 0.5%. The U.S. economy continues to rock along.
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Detroit, Still Dead, Struggles With Population, Poverty, Blighted Housing
Downtown Detroit has had a renaissance. Much of the balance of the 139 square miles inside the city limits is blighted by poverty, a shrinking population and thousands of houses that need to be…
July Consumer Sentiment Dips on Trade Concerns
The University of Michigan consumer sentiment index dipped more than 1% in the preliminary July reading but is still 4% higher than the July 2017 index.
Under the Radar: The Supreme Court Decision Brett Kavanaugh Is Most Likely to Overrule
William Galston of the Brookings Institution argues that if Brett Kavanaugh is confirmed as an associate justice of the U.S. Supreme Court, the issue he may vote overrule is not Roe v. Wade.
US to Impose Tariffs on $250 Billion Worth of Chinese Goods–How Much Is That, Exactly?
Whether or not you agree with the new tariff policy, one thing that everyone can agree on is that $250 billion is a lot of money.
As Trade Wars Rise, Markets Won’t Fall
Investors seem to think that the trade wars will end before they start or that the overall economy is so strong that increased prices from tariffs or the drop in sales of some U.S.…
The Sustainable Development Goals and Climate Finance: Catalytic Agent or Empty Vessel?
The U.N.'s Sustainable Development Goals are crafted to accelerate the flow of climate finance to developing countries, but, on the surface, it is unclear what new value they bring.
Is China Really Reforming Its Business Practices?
The European Union Chamber of Commerce in China on Tuesday released a report detailing the slow progress that China is making in implementing the vision presented 18 months ago by President Xi Jinping.
This City Has an Unemployment Rate of Only 1.5%
Meet Ames, Iowa, which has the lowest unemployment rate among all U.S. cities at 1.5%. This universe includes the 388 metro areas measured by the BLS. Based on May numbers, Ames is only one…
These 10 States Are the Most Exposed to a Potential Trade War
While the United States may never have an overall global trade surplus, bringing down the current huge deficits and lowering the barriers to foreign markets will be yet another positive for what currently is…
Every American Needs to Buy a Box of Nails
The trade war with China has begun in earnest, and among the earliest and most well-covered victims of these tariffs is Mid-Continent Nail.
ADP Sets Cautious Tone for Friday’s Labor Department Report on Job Growth
There may be a bit of a more muted expectations for Friday's key payrolls and unemployment report from the U.S. Department of Labor.
US Problem: Can a Country Without Wage Growth Continue to Grow?
The chances for wage increases in the economy, particularly at the low end of the scale, are depressing. And GDP faces a real threat as discretionary spending probably falters.
US Retail Sales Rose in the First Half of the Year, but Store Closings Rose Too
In the first half of 2018, U.S. consumers spent more on discretionary items than they did in the same period a year ago, even though gasoline prices were sharply higher. Store closings are higher…
Minimum Wage Rises in Several Jurisdictions
The minimum wage rate rose this morning in two states, the District of Columbia, and 15 local jurisdictions. The federal minimum has not been raised since 2009.