Archive for August 29th, 2017

The U.S. economy and labor market experienced their most severe shock in generations from 2008-10, with over eight million jobs disappearing in a span of just over two years. Once the economic expansion took hold and employment began growing, the eight million jobs had been recovered by May of 2014. Yet, because of population growth, more jobs were needed for a true recovery. The unemployment rate was still elevated at 6.3 percent, an indicator of the not yet complete recuperation and the jobs gap that still remained.
A recent Hamilton Project analysis calculated thatadjusting for…

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Gasoline shortages rippled through the Houston area and prices are rising for the entire country as Hurricane Harvey wreaks havoc on the energy industry.

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The flooding from Hurricane Harvey is so extensive, Cox Automotive estimates a half-million vehicles may wind up in the scrap yard.

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The Department of Justice has taken preliminary steps to investigate whether managers at Uber Technologies Inc. violated a U.S. law against foreign bribery, according to people familiar with the matter.

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<p>Of all the retail names traded in the markets, Dollar General is among the most disappointing.</p>

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Hurricane will strain a National Flood Insurance Program out of step with needs of small businesses in era of extreme weather.

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"The Fed is open in Houston. It's open here in Dallas," Richard Fisher says.

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<p>Home prices climbed higher in June with gains that are eclipsing income growth, creating affordability pressures for would-be buyers.</p>

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Your home can't take the place of a retirement or college savings plan. Expecting it to do so will have horrible results.

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National security funding will have to be slashed about $65 billion in January if lawmakers approve spending as much as planned in a House-passed measure without lifting the budget caps from a 2011 law, according to the latest Congressional Budget Office calculations.

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<p>Equities kicked off Tuesday trading lower as tensions between the U.S. and North Korea were reignited after North Korea fired a missile over Japan.</p>

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One of the most basic concepts in economics is that price is a function of supply and demand.&nbsp;

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<p>Equities kicked off Tuesday trading sharply lower as tensions between the U.S. and North Korea were reignited after North Korea fired a missile over Japan.</p>

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Many wonder if Gary D. Cohn’s and Steven Mnuchin’s real-world experience in finance has equipped them to carry out a delicate political negotiation.

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<p>U.S. stock index futures pointed to a sharply lower open on Tuesday, as geopolitical concerns surrounding North Korea and the West were amplified, following news that a missile had passed over Japan.</p>

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