WASHINGTON — Out of everything that took place over the Memorial Day weekend, this might have been the biggest political news: President Trump once again sided with an authoritarian leader over allies, and he took aim at a domestic rival in the exact same breath. And even more significantly was the extent to which the political world, especially the conservative media, shrugged its shoulders. "North Korea fired off some small weapons, which disturbed some of my people, and others, but not me," Trump tweeted on Saturday. "I have confidence that Chairman Kim will keep his promise to me, & also smiled when he called Swampman Joe Biden a low IQ individual, & worse. Perhaps that's sending me a signal?" Afterward, reporters asked Trump why he isn't concerned about North Korea's missile tests. Trump: Very importantly, there has been no nuclear testing for two years. I looked at a chart the other day. During the past administration, there were many numbers that were very high … [Read more...] about Trump sides with an authoritarian — again
Mark Zandi, The Washington Post Published 4:15 am PST, Thursday, January 3, 2019 SAN FRANCISCO, CA - APRIL 21: Pedestrians walk by an apartment for rent on April 21, 2015 in San Francisco, California. According to a report by Forbes magazine, San Francisco, Oakland and San Jose top the list of worst places in the nation for renters. Bay Area renters are faced with extremely low vacancy rates that have prompted high rents that average over $3,100 for a one bedroom in San Francisco. (Photo by Justin Sullivan/Getty Images) less SAN FRANCISCO, CA - APRIL 21: Pedestrians walk by an apartment for rent on April 21, 2015 in San Francisco, California. According to a report by Forbes magazine, San Francisco, Oakland and San Jose top the ... more Photo: Justin Sullivan/Getty Images Photo: Justin … [Read more...] about A national housing crisis is brewing. What actions can policymakers take to head it off?
By Lucia MutikaniWASHINGTON (Reuters) - U.S. private payrolls increased by the most in nearly two years in December, suggesting sustained strength in the labour market despite ongoing financial market volatility.gi While other data on Thursday showed the number of Americans filing applications for unemployment benefits increased more than expected last week, the underlying trend in claims remained low. Claims data tends to be volatile around year-end holidays.Labour market data is being closely watched for signs of whether tightening financial conditions could be impacting on companies' hiring decisions. A sharp stock market sell-off has stoked fears about the economy's health.The ADP National Employment Report showed private payrolls rose by 271,000 jobs last month after a downwardly revised 157,000 increase in November. Economists polled by Reuters had forecast private payrolls advancing 178,000 last month following a previously reported 179,000 increase in November.The ADP report, … [Read more...] about U.S. private payrolls surge in December; weekly jobless claims rise
Hiring by U.S. companies surged in December. Private sector payrolls added 271,000 new positions in the month, according to the ADP/Moody’s Analytics survey released Thursday. Economists had estimated just 178,000.That’s the best monthly performance since the surge of February 2018, when the economy added 280,000. The monthly average gain for the last year rose to 206,000. November was revised down to 157,000 new jobs from the initially reported 179,000. The U.S. private payroll numbers stand in stark contrast to data from China, which have indicated a much sharper slowdown. It also implies that the U.S. economy ended the year on a robust pace, defying expectations that it has already started to slow. “Businesses continue to add aggressively to their payrolls despite the stock market slump and the trade war. Favorable December weather also helped lift the job market,” Mark Zandi, chief economist at … [Read more...] about Hiring Surged at U.S. Companies in December, Smashing Expectations
Susan Tompor Detroit Free Press Published 6:00 AM EST Jan 3, 2019 Many times, the New Year kicks off with a huge financial hangover. But this year, we're looking at even more reasons to keep an eye on our money. All sorts of economic headwinds will influence everything from how much we pay for gas to how much we take home in our paychecks to the size of our tax refunds in 2019. Here's a look at some trends that could hit your wallet in the New Year: Gas prices may rise No, your eyes aren't playing tricks when you just spotted a sign for gas at less than $2 a gallon. Michigan is one of 13 states with average gas prices below $2, according to GasBuddy.com. You'd have to go back to April 11, 2016, to find prices that low. Just a year ago, Michigan drivers were paying an average of $2.67 a gallon. Consumers are saving nearly 68 cents a gallon — which adds up to roughly $8 per average fill-up, according to Patrick DeHaan, head of petroleum analysis at … [Read more...] about Gas prices, mortgage rates kick off the New Year by going down