The U.S. economy created 142,000 jobs in September, a number that missed expectations and could cool expectations that the Federal Reserve will start raising interest rates soon. Unemployment held at 5.1 percent, according to the Labor Department. A separate member that includes those who are working part-time for economic reasons or have not looked for […]
Great fall of China sinks world stocks, dollar tumbles – Reuters
LONDON (Reuters) – Alarm bells rang across world markets on Monday as a near 9 percent dive in China shares and a sharp drop in the dollar and major commodities panicked investors. European stocks were almost 3 percent in the red and Wall Street was braced for similar losses after Asian shares slumped to 3-year […]
Marco Rubio Schools Jeb Bush on Foreign Policy – The Daily Beast
Marco Rubio proved he can hang with the big hawks in his first foreign policy speech since he declared his run for president. The student has now become the teacher. Sen. Marco Rubio, once viewed as a protege of presidential competitor Jeb Bush, schooled the former Florida governor Wednesday evening in the first national security […]
Obama’s ‘record-breaking’ economy – American Thinker
Corporate profits are sky-high, Wall Street is on an historic winning streak – and President Obama must be extremely grateful that commentary about his framework nuclear deal with Iran sucked up all the media oxygen so that the terrible jobs report that came out on Friday was largely ignored. Zero Hedge gives us the macro […]
Obama Vetoes Keystone Pipeline – Conn Carroll
President Obama vetoed legislation authorizing construction of the Keystone Pipeline Tuesday without any ceremony or photographers on hand. “Through this bill, the United States Congress attempts to circumvent longstanding and proven processes for determining whether or not and operating a cross-border pipeline serves the national interest,” Obama’s official veto statement read. The “longstanding and proven” process Obama referred […]
A Referendum on Competence | National Review Online
Is this election really about nothing? Democrats might like to think so, but it’s not. First, like all U.S. elections, it’s about the economy. The effect of the weakest recovery in two generations is reflected in President Obama’s 13-point underwater ratings for his handling of the economy. Moreover, here is a president who proclaims the […]
Obama Renews Work Permits for 520,000 Illegals | The Daily Caller
President Barack Obama is renewing his two-year amnesty for at least 550,000 younger illegal immigrants, and is rolling back education requirements and anti-fraud measures. “Obama’s extension of his unilaterally-created immigration program not only violates his constitutional duty to enforce the law, but the changes he made to it proactively invite fraud and abuse,” said a […]
Wall Street adviser: Actual unemployment is 37.2%, ‘misery index’ worst in 40 years | WashingtonExaminer.com
Don’t believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud. In a memo to clients provided to Secrets, David John Marotta calculates the […]
1,687,000 Fewer Americans Have Jobs Today Than 6 Years Ago | CNS News
(CNSNews.com) – Although the number of people who had jobs in the United States increased by 143,000 from November to December, according to the Bureau of Labor Statistics, that still left 1,687,000 fewer Americans holding jobs than held jobs six years ago in December 2007—the month the last recession began. In November, 144,443,000 Americans were […]
Hiring Slows in December; Only 74,000 Jobs Added, Fewest in 3 Years | CNS News
(CNSNews.com) – The economy added only 74,000 non-farm jobs in December, the fewest in three years. Yet the unemployment rate dropped 0.3 points to 6.7 percent — the first time in 60 months it has dropped below 7 percent, the Labor Department announced on Friday. With so few jobs added, the jobless rate still went […]
Census Bureau accused of falsifying unemployment numbers | Human Events
If this story from the New York Post is confirmed, it’s one of the blockbuster stories of the decade. It looks as if suspicions that the Labor Department’s unemployment surveys include false data have been borne out: In the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply — raising […]
90,473,000: Record Number Not in Labor Force–Up Almost 10M Under Obama | CNS News
(CNSNews.com) – The number of Americans who are 16 years or older and who have decided not to participate in the nation’s labor force has pushed past 90,000,000 for the first time, according to data released today by the Bureau of Labor Statistics. The BLS counts a person as participating in the labor force if […]