Category: Economy

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  • automation

    55 Sad Facts About Our Economy

    While the stock market is at all time highs under the early Trump presidency, trouble brews below the surface. With massive income inequality, record student loan debt and a disastrous health care situation dragged through the mud of politics, our economy is leaving many behind. We’ve collected what we see as 55 sad facts about […]

  • Crisis In Venezuela

    Imagine trying to do business in a place where if your costs go up you can’t charge more for your product to compensate. That’s exactly what is happening right now in Venezuela, and it has caused chaos and insecurity. There’s a black market for things like toilet paper and diapers, and most residents are struggling […]

  • Charitable Giving

    Americans donated a record $373.3 billion to charities in 2015

    Americans donated an incredible $373 billion to charities in 2015. That money was collected from individuals, estates, foundations, and companies, according to the annual report Giving USA. A new record of $359 billion was set in 2014. Individual donors were far and away the biggest supporters of various charities. They donated $264.6 billion for a 4% […]

  • Chinese steel is under attack by US officials

    US duties on Chinese steel just increased by 500%

    Duties on Chinese steel have increased by 500% after a spat between the US and China on Wednesday led to a quick increase in the cost of importing the product. Chinese cold-rolled steel is used to make appliances, cars, and electric motors. The cost of importing the steel occurred following a ruling by the US […]

  • New York taxes for the wealthy

    Wealthy New Yorkers want their taxes to be raised

    A group of wealthy New Yorkers are pushing Governor Andrew Cuomo to increase their tax rates. On Monday the group of wealthy men and women sent a letter that urged the passage of the “1% Plan for New York Tax Fairness,” which would replace a millionaire’s tax rates which are set to expire at the end […]

  • Canada unemployment rates

    Canada’s unemployment rate rises to 7.3% as oil industry continues to suffer

    The crash in oil prices is have detrimental effects on Canada’s unemployment rate. The country’s unemployment rate rose to a three-year high of 7.3% in February, marking the third consecutive month that Canada’s jobless rate increased. Canada is one of the world’s biggest oil exporters. At least 8,000 jobs were lost last month in the natural […]

  • Jim Rogers and the US Recession

    Jim Rogers is 100% sure a US recession will occur within a year

    Rogers Holdings Chairman Jim Rogers says the US will sink into a recession within the next 12 months. During an interview on Bloomberg TV with Guy Johnson, the famous investor said the downturn is guaranteed. “It’s been seven years, eight years since we had the last recession in the US, and normally, historically we have them […]

  • Iran and oil production

    Iran won’t slow production to help raise oil prices

    Iran on Wednesday said it would not restrain oil output as part of a global pact to freeze production and help prop up oil prices. The country’s officials are focused on recapturing the market share that was lost after years of US sanctions. Non-OPEC Russia and OPEC leader Saudi Arabia, have been in talks to […]

  • 100 dollar bill retired

    Larry Summers explains why the $100 bill needs to be retired

    The $100 bill should be put to rest according to former Treasury Secretary Larry Summers. Researchers at Harvard business school recently argued in a study that eliminating large denomination bills would have little downside for legitimate commerce, but would make it much harder for illegal enterprises to break the law. The report says the $100 bill, 500 […]