Tag Archives: Politics

Tariffs Trump Consumer Spending

Financial FAQs “Advance estimates of U.S. retail and food services sales for May 2025, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $715.4 billion, down 0.9 percent (±0.5 percent) from the previous month, … Continue reading

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California Can’t Be Bullied

Popular Economics Weekly Governor Gavin Newsom today announced that California has officially overtaken Japan to become the world’s fourth-largest economy, according to newly released data from the International Monetary Fund (IMF) and the U.S. Bureau of Economic Analysis (BEA). April, 2025 LATimes The Trump … Continue reading

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Republicans Have Never Paid 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

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Immigrants Make a Difference

Popular Economics Weekly “Total nonfarm payroll employment increased by 139,000 in May, and the unemployment rate was unchanged at 4.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in health care, leisure and hospitality, … Continue reading

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More Signs of Slower Growth

Financial FAQs “The manufacturing economy continues to struggle,” Susan Spence of ISM said. “It will continue to struggle” due to all the trade uncertainty. “The administration’s tariffs alone have created supply chain disruptions rivaling that of Covid-19,” executive at an … Continue reading

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Trump’s Big Beautiful Bill?

Answering Kennedy’s Call “The House has now passed what must surely be the worst piece of legislation in modern U.S. history. Millions of Americans are about to see crucial government support snatched away. A significant number will die prematurely due … Continue reading

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What’s the Fed Saying?

The Mortgage Corner “In considering the outlook for monetary policy, participants agreed that with economic growth and the labor market still solid and current monetary policy moderately restrictive, the committee was well positioned to wait for more clarity on the … Continue reading

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Consumers Not So Confident

Financial FAQs “Consumer confidence improved in May after five consecutive months of decline,” said Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board. “The rebound was already visible before the May 12 US-China trade deal but gained momentum afterwards.” Conference … Continue reading

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Why Harvard?

Answering Kennedy’s Call “But the Trumpist effort to destroy Harvard and other elite universities — for that is clearly their intention — will do vast damage to our nation’s future.” Paul Krugman            FREDERIC J. BROWN/AFP/Getty Images) Huffington Post The … Continue reading

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Manufacturing Not the Problem

Popular Economics Weekly “In April, U.S. manufacturing activity slipped marginally further into contraction after expanding only marginally in February. Demand and output weakened while input strengthened further, conditions that are not considered positive for economic growth.” ISM Manufacturing FREDIndustrialproduction U.S. … Continue reading

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