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Trump's high-powered CEO council draws scrutiny

Among the power players advising the president-elect are chiefs of companies that hoard billions in corporate cash overseas

New country offers direct flights to Las Vegas

There will be scheduled passenger service three times a week between Beijing and McCarren International Airport

Friday Night Video: Cuba, Sanctions, Biting Cats, and Trump

(December 2, 2016 05:04 PM, by David Henderson) I was on RT, the Russian-government-funded news network, earlier this week, talking about various issues. My segment begins around the 15:00 point and goes to about 22:30. Some friends have questioned the wisdom of going on a network funded... (0 COMMENTS)

China Warns U.S.: Stop Trying to Escape Your Trade Obligations

China warns Uncle Sam once again. The post China Warns U.S.: Stop Trying to Escape Your Trade Obligations was originally published at The Wall Street Examiner. Follow the money!

Beyond Income Inequality

Can the current iteration of global capitalism be reformed, or is it poised to be replaced by some other mode of production? The post Beyond Income Inequality was originally published at The Wall Street Examiner. Follow the money!

Orders pour in for cookie maker with Down syndrome

Collette Divitto, who started a business after facing barriers finding a paying job, received orders for more than 25,000 cookies

The Only Reason Why OPEC’s Oil Deal Might Last

OPEC's historic oil deal shocked markets, but the most difficult negotiations are still ahead. The post The Only Reason Why OPEC’s Oil Deal Might Last was originally published at The Wall Street Examiner. Follow the money!

Rate Hike Fever: “Everybody is Getting Tarred and Feathered”

This post Rate Hike Fever: “Everybody is Getting Tarred and Feathered” appeared first on Daily Reckoning. The Dow breaks records… tech stocks take another hit. Today, Greg Guenthner maps this monster rotation The post Rate Hike Fever:...Show More Summary

Trump’s Trickle-Down Populism

Last Thursday President-elect Donald Trump triumphantly celebrated Carrier’s decision to reverse its...

Our Newest Oil Price Prediction After the OPEC Meeting

We have a new oil price prediction now that OPEC has agreed to slash production. The post Our Newest Oil Price Prediction After the OPEC Meeting was originally published at The Wall Street Examiner. Follow the money!

Silicon Valley is Dead

Silicon Valley, once the epicenter of technological innovation, is dying. Who’s responsible? Gerald Celente has more... The post Silicon Valley is Dead was originally published at The Wall Street Examiner. Follow the money!

Zillow Forecast: Expect Case-Shiller Index to "continue to accelerate" in October

The Case-Shiller house price indexes for September were released Tuesday. Zillow forecasts Case-Shiller a month early, and I like to check the Zillow forecasts since they have been pretty close.From Zillow: October Case-Shiller Forecast:...Show More Summary

America's health care tab nears $10,000 per person

Annual cost of nation's health care hit whopping $3.2 trillion last year as rise in health spending outpaces economic growth

2:00PM Water Cooler 12/2/2016

Today's Water Cooler: 2016 Democrat post mortem (rural; Rust Belt), Carrier, WaPo's McCarthyism, employment situation, holiday retail, brains

Can the Global Economy Survive a Stronger Dollar?

One of the big questions going into 2017 is how resilient the global economy will be to a further strengthening of the dollar. The Trump shock and the Fed's desire to raise interest rates almost guarantee a strengthening of the dollar next year. Show More Summary

Minimum Wage Increases and Earnings in Low-Wage Jobs

Brad DeLong: I think I have to change my mind: Back when Card and Krueger first suggested that there was substantial effective monopsony power in the low-wage labor market and thus that there would be no disemployment effect from (modest)...

Paul Krugman: Seduced and Betrayed by Donald Trump

Be careful what you vote for: Seduced and Betrayed by Donald Trump, by Paul Krugman, NY Times: Donald Trump won the Electoral College (though not the popular vote) on the strength of overwhelming support from working-class whites, who feel left...

Unemployment Rate Falls to 4.6 Percent in November, a New Low for Recovery

Dean Baker: Unemployment Rate Falls to 4.6 Percent in November, a New Low for Recovery: The unemployment rate fell to 4.6 percent in November, almost equal to the pre-recession lows in 2007. However, the sharp decline was partly due to...

Public and Private Sector Payroll Jobs: Carter, Reagan, Bush, Clinton, Bush, Obama

By request, here is another update of an earlier post through the November 2016 employment report including all revisions. And, yes, I will post these graphs during the next Presidential term.NOTE: Several readers have asked if I could add a lag to these graphs (obviously a new President has zero impact on employment for the month they are elected). Show More Summary

Russia...

There are three important points about the role of Russia in the international community. In order of importance: 1. First and above all, western Europe and the United States owe a profound debt to the tankers and infantrymen of the Red Army, to the peasants who grew the food to...

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