Author Archives: Alice Green

Trump Proposes Import Tariff on Steel, Aluminum – Receives Widespread Pushback

Claims of an impending trade war erupted last week when President Trump announced steep tariffs on steel and aluminum. To propose the tariffs without Congressional approval, Trump took advantage of a law that allows him to establish tariffs in scenarios where national security is threatened. “When a country (USA) is losing many billions of dollars on trade with virtually every country ...

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US Intel Warns Americans to Stay Away from Huawei and ZTE

Officials from the FBI, CIA, NSA and Defense Intelligence Agency issued a warning on Tuesday that smartphones made in China represent a potential security threat for American customers. The warning, which came during a Senate Intelligence Committee hearing on worldwide threats, has massive implications for Apple competitor Huawei and telecom company ZTE. Both companies in 2012 were banned from selling ...

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Purdue Pharma to Scale Back Promotion of OxyContin

OxyContin manufacturer Purdue Pharmaceuticals announced last week it would no longer be marketing opioids directly to physicians. “We have restructured and significantly reduced our commercial operation and will no longer be promoting opioids to prescribers,” said the company in an official statement. Purdue will continue to sell OxyContin, but will no longer send sales representatives to doctors’ offices. Purdue told ...

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Business Titans Bezos, Buffet and Dimon to Tackle Healthcare Costs

Amazon, JPMorgan Chase, and Berkshire Hathaway announced Tuesday the formation of a new nonprofit that aims to cut healthcare costs for the hundreds of thousands of Americans employed by the three companies. “The three of our companies have extraordinary resources, and our goal is to create solutions that benefit our US employees, their families, and potentially, all Americans,” said JPMorgan ...

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Apple to Bring $200 Billion Back to US

Apple will soon bring the majority of its foreign cash reserves back into the United States to take advantage of the tax breaks it will receive under the GOP tax bill passed on December 22nd. The repatriated money will go straight into America banks, which will use it to make loans to Americans. This will provide a huge boost to ...

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High Prices Spark Anti-Government Protests in Iran

Iranians across the country joined in unauthorized protest last weekend to speak out against the government’s inability to fix ongoing economic troubles like rising prices and unemployment. Dozens of people have been arrested. Iran’s economy, which is largely dependent on oil, has long been plagued by high unemployment and double-digit inflation. Data from the International Monetary Fund shows inflation at ...

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Both Parties Conveniently Ignore Deficit

If there’s one thing Republicans and Democrats have in common, it’s the ability to simultaneously complain about and ignore the deficit. The annual budget deficit is about $600 billion. According to the Committee for a Responsible Budget (CRFB), the GOP’s tax overhaul will increase the deficit to $1 trillion by 2019. At this rate, the accumulated national debt will be ...

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CDC: American Life Expectancy is Declining

US life expectancy fell for the second consecutive year in 2016, announced the CDC on Wednesday. This is the first time we’ve seen a multiyear drop in life expectancy since 1962. “It’s certainly concerning to see this two years in a row,” says Bob Anderson, who leads the CDC’s mortality statistics branch. According to the report, the average life expectancy is 76.1 ...

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Food Stamps: Enrollment and Spending Continue to Fall

Federal spending on SNAP (food stamps) hit a 7-year low in 2017 as more Americans got off welfare and went back to work. SNAP spending increased dramatically during Obama’s presidency, climbing from $37.6 billion to $53.6 billion after his first year in office. Spending peaked in 2013, when the government handed out $79.8 billion to more than 47 million recipients. The ...

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FCC Chairman Calls to Regulate Social Media

FCC Chairman Ajit Pai says there should be more transparency in how sites like Facebook and Google restrict conservative content. His comments come days before the FCC vote on whether to repeal “net neutrality” – a set of rules that currently forces Internet service providers (ISPs) to treat all web traffic equally. Without net neutrality, your ISP could slow down ...

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