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Tag Archives: economics
A Place of Tolerance and Understanding
Answering Kennedy’s Call “I believe our political divide can be repaired. But our leaders must act with moral clarity and take their cues from the good people of this nation, who in times of tragedy always seem to find our … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged consumer spending, economics, Economy, GDP growth, history, inflation, interest rates, news, Politics
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Higher Tariffs = Stagflation
Financial FAQs “Any tariff causes consumers to shift from imported goods to domestically produced alternatives that are more expensive, inferior in quality, or just not quite what they want. But with a low tariff domestic alternatives will be only a … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged economics, Economy, Federal Reserve, finance, GDP growth, inflation, interest rates, Politics, tariffs
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Republicans’ Unchecked Greed
Popular Economics Weekly “George Will, the conservative pundit, gave the best description of Trump’s incompetence in a Washington Post Op-Ed: “It is urgent for Americans to think and speak clearly about President Trump’s inability to do either. This seems to be not … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged economics, Economy, Federal Reserve, finance, GDP growth, Great Depression, Great Recession, inflation, interest rates, Politics, Trump
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Republicans Don’t Pay Their Bills
Financial FAQs “The new law will reduce federal revenues by significant amounts, even after allowing for the impact on economic growth. It will make the distribution of after-tax income more unequal. If it is not financed with concurrent spending cuts … Continue reading
Can We Prevent Stagflation?
Popular Economics Weekly During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. decision to re-supply the Israeli military and to gain leverage … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged consumer spending, economics, Economy, Federal Reserve, finance, GDP growth, inflation, interest rates, Politics
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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
Why Inflation Still a Problem?
Financial FAQs The Fed’s preferred inflation gauge, Personal Consumption Expenditures Index (PCE) isn’t declining because consumers continue to spend more than they earn. Why? BEA.gov Such spending gave a boost to retail sales and so made holiday shoppers happier. But … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged consumer spending, economics, Economy, Federal Reserve, finance, GDP growth, inflation, interest rates
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Retail Sales Boost Q4 Growth
Financial FAQs “Advance estimates of U.S. retail and food services sales for December 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $729.2 billion, an increase of 0.4 percent (±0.5 percent)* from the … Continue reading
Posted in Consumers, COVID-19, Economy, Weekly Financial News
Tagged consumer spending, economics, Economy, Federal Reserve, finance, GDP growth, inflation, interest rates, retail sales
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Americans Still Fully Employed!
Popular Economics Weekly Total nonfarm payroll employment increased by 256,000 in December, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment trended up in health care, government, and social assistance. Retail … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged consumer spending, economics, Economy, Federal Reserve, finance, GDP growth, inflation, interest rates
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