Author Archives: Kerry Lear

Trump Admin Considers Erasing Student Loan Debt in Bankruptcy

In December, it was reported by the Wall Street Journal that 4.6 million Americans are behind on their federal student loan payments. The total student debt is now at $1.4 trillion, which is more than double it was a decade ago. With that in mind, the Trump Administration announced this week that it is considering changing a current federal law ...

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China’s Silk Road: Can they Appease Pakistani Militants

It appears as though China has hit one of the many bumps in the silk road. Laborers working in Pakistan’s province of Baluchistan are being gunned down by militants. On Friday, three Pakistani workers were killed while making a trip to buy daily supplies in Hoshab, a small town about 175 miles from the construction site in Gwadar. “Gwadar’s deep-water port ...

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The Factory-Sector Sees Surge, More Growth to Come

January was another great month for U.S. factories because businesses are continuing to invest in more equipment. “Sales of such long-lasting goods indicates companies are investing to expand their production capacity. The lead time for filling those orders rose 8% over the month because factories are being flooded with new orders, said Tim Fiore, head of the ISM survey,” writes ...

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China’s Trade Surplus with the U.S. is at an All-Time High

China has made an announcement revealing that the U.S trade deficit with China is still very much a problem and will continue to be so as the U.S. economy improves. According to a recent Chinese report, China had the largest-ever annual trade surplus with the U.S. in 2017. “A global recovery led by the U.S. provided a shot in the ...

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Inflation: The Danger of a Booming Economy

Although most financial analysts are optimistic about the future of U.S. economy under the Trump administration, the more consumers spend the more inflation becomes an issue. The price of consumer goods is on the rise. The Labor Department reported at in December consumer prices increased by .03%. Compared to last year, food and energy pricing is up by 1.8%, which ...

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Wal-Mart Ups its Minimum Wage Following New Tax Legislation

Wal-Mart has announced that it will be raising its minimum wage to $11 an hour for all employees and will also be giving out one-time bonuses. The current pay rate is at $10, but the company will be seeing some massive gains from the GOP tax plan and has evidently decided to share the wealth.  “Today, we are building on ...

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Trump Delivers on Promise to Cut Government Payrolls

While on his campaign trail, President Donald Trump promised to cut government spending down. So far, he has done that by employing a leaner workforce at government agencies. But Trump isn’t reshaping the federal bureaucracy by firing thousands, instead he has left jobs unfilled. “I tell my people, ‘Where you don’t need to fill slots, don’t fill them,’” said Trump to ...

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Is War a Prospect with North Korea in 2018?

As Kim Jong Un continues to make threats against the U.S., while also deploying missile tests, the United Nations has made a last stitch effort to punish North Korea. The new U.N. sanctions that were introduced in September are expected to make a significant impact starting in next March. “In addition to further toughened sanctions, an increase in North Korea’s ...

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The Final GOP Tax-Reform Bill Unveiled

Only six weeks after the first draft of the GOP’s tax plan was introduced, both the House and Senate final tax-reform bills were revealed late last week. Let’s break down the plan– Individual income-tax rates have been cut significantly. The seven tax brackets remain, but the percentages have been dropped in almost every one. The new rates are 10%, 12%, ...

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German Intelligence: China’s Cyberspying Runs Deep

A top German intelligence officer said over the week that China is using social networks to spy on German citizens. Hans-Georg Maassen, the head of Germany’s domestic intelligence agency, said on Sunday that his agency, BfV, has identified at least 10,000 German citizens that have been targeted by China’s cyber espionage activities. Many of the victims were politicians and officials at ...

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