TV News LIES

Sunday, Oct 22nd

Last update05:20:13 AM GMT

You are here All News At a Glance Economic Glance

Small fortune: Trump plummets 92 places in Forbes' American rich list

Trump plummets 92 on Forbes richestDonald Trump has dropped 92 places in the Forbes list of wealthiest Americans, with the magazine putting his wealth at $3.1bn, down from $3.7bn last year.

Forbes said the value of some of Trump’s Manhattan real estate holdings had declined recently.

Forbes ranked the first billionaire president as the 248th-wealthiest person in America. The year before, he was ranked 156th.

More...

US hiring fell 33,000 in September, depressed by hurricanes

Emplyment falls by 30,000 in September 2017The U.S. shed 33,000 jobs in September because of Hurricanes Harvey and Irma, which closed thousands of businesses in Texas and Florida and forced widespread evacuations. It marked the first monthly hiring decline in nearly seven years.

The unemployment rate fell to 4.2 percent from 4.4 percent, the Labor Department said Friday, the lowest level since February 2001 and a sign that the job market remains fundamentally solid. Hiring is expected to rebound in the coming months as businesses in the area reopen and construction companies ramp up repair and renovation work.

More...

Two Wall Street giants criticize Trump tax plan

Warren BuffetPresident Donald Trump’s tax reform plan came under new criticism on Tuesday from two towering Wall Street figures, including billionaire investor Warren Buffett, who called into question a Republican drive to slash the U.S. corporate rate.

With the White House and top Republicans in Congress already on the defensive over claims the plan would not cut taxes for many middle-class Americans, Buffett and BlackRock Inc (BLK.N) Chief Executive Larry Fink suggested in separate interviews that the corporate rate may not have to be cut as deeply as proposed.

Read more...

U.S. Household Incomes Rose to Record in 2016 as Poverty Fell

US middle class income highest ever in 2016The U.S. median household income rose to a record last year and the poverty rate fell, as steady economic growth helped improve the lot of more Americans, according to annual data from the U.S. Census Bureau released Tuesday.

The results show improving incomes helped to make a further dent in poverty in 2016, which was President Barack Obama’s final year in office.

Strength in the labor market likely played a role. The economy added 2.2 million jobs last year and the unemployment rate had declined to 4.7 percent by year end. It’s fallen further in recent months to a 16-year low.

More...

 

US job growth slows to 156K; unemployment up to 4.4 pct.

Jobs downU.S. job growth slowed in August as employers added 156,000 jobs, though still enough to suggest that most businesses remain confident in an economy now in its ninth year of recovery from the Great Recession.

The unemployment rate ticked up from 4.3 percent to a still-low 4.4 percent, the Labor Department said Friday. The government also revised down its estimate of job growth in June and July by a combined 41,000, leaving an average monthly gain this year of a solid 176,000.

Read more...

US central bank chief rebukes Trump over plan to lift regulations

Janet YellenDonald Trump has been rebuked by the US central bank chief, Janet Yellen, for planning to scrap tough banking regulations that made the system “substantially safer” and did nothing to restrict growth or lending.

Yellen, the Federal Reserve chair, used a speech at the annual meeting of central bankers on Friday in the US ski resort of Jackson Hole to warn that policymakers might have forgotten the terrible damage wreaked on the global economy in 2008 when they seek to lift regulations that prevent risky behaviour.

Read more...

Reality Check: America and the Foxconn Dream

Foxcom dream in WisconsinWisconsin is about to shell out as much as $3 billion for the privilege of luring Foxconn Technology Group. At $519 per citizen, it would have been cheaper to buy an iPhone for every man, woman and child in the midwestern state.

Let's be clear: The big winner isn't the taxpayer. It's Foxconn and its billionaire chairman Terry Gou. As I predicted several times, Foxconn would only come to the U.S. if and when his demands were met.

Read more...

Page 1 of 66

  • «
  •  Start 
  •  Prev 
  •  1 
  •  2 
  •  3 
  •  4 
  •  5 
  •  6 
  •  7 
  •  8 
  •  9 
  •  10 
  •  Next 
  •  End 
  • »
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!