Category Archives: Economics

Housing is providing another in a line of troubling signs pointing to an economic downturn

Jeff Cox of CNBC – Declining home sales are “consistent with the possibility of a late 2019 or early 2020 recession,” St. Louis Fed economist William Emmons said in a report. The analysis overlays home sales over 12- and 36-month … Continue reading

Posted in Economics, Federal Reserve, United States

Trump Is Falling Almost 1 Million Jobs Short Vs. Obama

Chuck Jones in Forbes – The underlying economy is weaker than perceived when you look at March quarter’s GDP numbers and railroad traffic taking a significant downward move over the past month. If the economy continues on this path it … Continue reading

Posted in 2020 election, Barack Obama, Donald Trump, Economics

About as bad as it gets: Kraft Heinz posts huge loss, slashes dividend and reveals SEC investigation

By Jackie Wattles of CNN Business – Kraft Heinz had one of the worst days imaginable Thursday. The company wrote down the value of its Kraft and Oscar Mayer brands by $15 billion, posted a $12.6 billion loss, cut its dividend by 36% and … Continue reading

Posted in Business, Dow Jones, Economics

Pricey campus housing triggers a debate in Boston

By Deirdre Fernandes of the Boston Globe – At the newest residence hall for Northeastern University students, kitchens come with stainless steel appliances and granite countertops. Floor-to-ceiling windows bathe rooms in sunshine, and residents can exercise in a state-of-the-art fitness … Continue reading

Posted in Controversial, Economics, Education

A congressman rails against undocumented immigrants as his estranged siblings care for them and other patients in need

By Greg Jaffe of the Washington Post – Three months had passed since Grace Gosar and five of her siblings decided they had to do something to stop their brother, a hard-line conservative and staunch defender of President Trump, from … Continue reading

Posted in Congress, Democracy, Economics, Elections, Families, House of Representatives