Economy and Trends

Italy and the EU on Deficit Collision Course

One wonders why this is an issue, when nations of the European Union freely gave up sovereign control of their fiscal affairs. Does it come as any surprise that a nation would want to put the well-being of its people before the politics of a coalition? That is exactly what is happening in Italy at this moment. The leaders of ...

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Consumer Confidence and Investor Sentiment – Too High?

The latest Consumer Confidence report was released on August 28 and the index is reaching levels not seen since 2000. The index is broken down in to three parts—the present situation, expectations, and the total. The total reading jumped to 133.4 in August and that is the highest reading since October ’00. The present situation portion of the index jumped ...

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Venezuela Taking another Step in the Wrong Direction

We can empathize with the proletariat of Venezuela as the failed attempts at Marxism by the bourgeois have utterly engulfed the nation and have enslaved the citizenry to a hellish life for the most part. Sir Thomas More was surely read by Maduro and the likes, as it was thought of as a guide for the masses, but not the ...

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EPA to Roll Back Coal Restrictions with the New Affordable Clean Energy Rule

The latest move by the Trump Administration to roll back the former President Obama’s Clean Power Plan will limit the restrictions on the coal industry. The new Affordable Clean Energy (ACE) Rule gives the states the authority to regulate power plant’s greenhouse gas emissions. With this rule, the Environmental Protection Agency (EPA) is aiming to improve the business of the ...

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Chinese Internet Stocks Falling With Trade Dispute

The Trump administration went on the offensive regarding trade imbalances back in January. When the idea of placing tariffs on Chinese goods was announced, it caused equity markets around the world to experience a short-term selloff. Since then, there have been ups and downs in the markets as well as in the negotiations. When the trade war started, I immediately ...

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Bankruptcy Filings Increase among Senior Citizens

The safety net for Americans that is Social Security retirement has been forecasted to dissipate for decades now, with the advent of such coming to fruition through probable decreased deductions beginning in 2023. This is due to basic population demographics, which change over time. The baby boomers are retiring in numbers that can’t be kept up with by the current ...

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New York Sets Limit on Uber and Lyft Cars in the City

The New York City Council voted on Wednesday to limit the number of ride-sharing services, including Uber and Lyft. After intense campaigning from taxi drivers in the city, council members agreed in a 39-6 vote to pass multiple bills that will halt the business of these ride-sharing apps. “The council voted to halt the issuance of new for-hire vehicle licenses ...

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