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Monthly Archives: February 2025
What Happened to the Minimum Wage?
Popular Economics Weekly As of January 2025, Alabama, Louisiana, Mississippi, South Carolina, and Tennessee have not adopted a state minimum wage. This means that workers in these states earn the federal minimum wage of $7.25 per hour. PBS.org Currently, just 34 states, territories … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged civil war, consumer spending, economics, Economy, GDP growth, history, inflation, interest rates, minimum wage, news, Politics, red states, Trump administration
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Who Is Going to Mars?
Answering Kennedy’s Call “There is nobody in this country who got rich on their own. Nobody. You built a factory out there – good for you. But I want to be clear. You moved your goods to market on roads … Continue reading
Are Consumers In Danger?–Part II
The Mortgage Corner “In February, consumer confidence registered the largest monthly decline since August 2021, This is the third consecutive month on month decline, bringing the Index to the bottom of the range that has prevailed since 2022.” Stephanie Guichard, … Continue reading
Posted in Consumers, COVID-19, Economy, Housing, housing market, Politics, Weekly Financial News
Tagged consumer spending, Economy, Federal Reserve, finance, GDP growth, inflation, interest rates
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White Patriarchy In Decline
Answering Kennedy’s Call “Born to a rich father who made him the beneficiary of his own highly lucrative investments, Trump received the equivalent of more than $500 million today via means that required no business expertise whatsoever.” Random House It … Continue reading
Trump Chooses War Over Peace
Answering Kennedy’s Call “Our society has been peaceful and healthy for so long that for many people serious disaster has become inconceivable. Americans who parade around in amateur militia groups and brandish Nazi symbols do so partly because they are … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged budget deficit, Donald Trump, Elon Musk, Great Depression, Nazi Party, news, Politics, Trump
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Does Trump Want Another War?
Answering Kennedy’s Call “I’m not sure most Americans appreciate the monumental damage President Trump is doing to the post-World War II order that is the wellspring of American global leadership and affluence.” NYTimes Nicholas Kristof USAToday There is a growing … Continue reading
Trump Is No Populist
Answering Kennedy’s Call An NBC News poll last April showed that Trump had a 26-point lead among voters who don’t follow political news. In contrast, voters who got their political news from newspapers, the most comprehensive form of daily news, … Continue reading
Inflation Is Back?
Popular Economics Weekly “Kentuckians can’t afford the high cost of Trump’s tariffs,” which could cost the average Kentucky resident $1,200 a year. “[P]reserving the long-term prosperity of American industry and workers requires working with our allies, not against them.” Senator … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged Federal Reserve, GDP growth, inflation, interest rates
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Are Consumers In Danger?
The Mortgage Corner Total consumer credit rose $40.8 billion in December, after a $5.4 billion decline in the prior month, the Federal Reserve said last Friday. In percentage terms, it is the biggest gain since June 2022. FREDconsumercredit Will consumers lose … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged business, Economy, Federal Reserve, finance, GDP growth, inflation, interest rates, tariffs
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Make Trump 2.0 Irrelevant Again
Answering Kennedy’s Call “The United States now has the highest percentage of low-wage workers – that is workers who make less than two-thirds of the median wage- of any developed nation. Fully 25 percent of all American workers make no … Continue reading →