Friday, February 24, 2017

Biz

Biz
Our coverage of the economy focusing on consumer news, raw economic data, tax policy, trade policy and jobs. Click the links below to cut through the political spin - seeing real numbers for what they are and how they impact your life.
CRONY CAPITALIST'S NEXT GENERATION PLANE MAY NEVER TURN A PROFIT ... STICKING TAXPAYERS WITH THE BILL This website wasn't invited to the big party at Boeing's North Charleston, S.C. facility last week ... and we weren't the only ones. That's okay ... We've...

Boeing Workers Reject Union

BIG LABOR DEFEATED IN SOUTH CAROLINA ...  Workers at aircraft manufacturer Boeing's North Charleston, S.C. facility have voted overwhelmingly against union representation - a stinging setback for organized labor. More than 2,800 of the 3,000 workers eligible to vote in the election...
GOOD NEWS ON THE CONSUMER SPENDING FRONT ... We've written previously on how the election of U.S. president Donald Trump has caused a spike in consumer optimism.  For that spike to mean anything, though, it must sustain itself ... and...
CAN HE DO IT? The ascension of Donald Trump to the presidency of the United States comes at a critical time for the American economy. The failed policies of former presidents George W. Bush and (especially) Barack Obama have left this...

SC Gas Prices Holding

FOR NOW ... There's pump pain coming in 2017, but for now prices are holding ... The average cost of a gallon of regular unleaded gasoline in South Carolina is currently either $2.03 (GasBuddy.com) or $2.04 (AAA).  That's down roughly a dime...
"THE WORST DECADE FOR ECONOMIC GROWTH IN AMERICAN HISTORY" The past decade, the U.S. suffered the worst ever average annual economic growth rate of 1.3316 percent a year. That was even worse than 1930 through 1939 if you can believe that...
GOOD NEWS, BAD NEWS ... The U.S. economy added 227,000 jobs in January, well above Wall Street's expectation of 175,000 new positions.  Even better, the number of working age Americans who are not a part of the labor force plunged...
2017 COULD BE A BIG YEAR FOR THE "FORGOTTEN" AMERICAN DREAM ... In his balls-to-the-wall inaugural address last month, U.S. president Donald Trump doubled down on the populist zeal of his presidential campaign - vowing that Americans forgotten by the bipartisan...
WHO HAS THE UPPER HAND? In the battle between corporate crony kingpins Boeing and Big Labor (in this case IAM, the International Association of Machinists and Aerospace Workers) we don't know who to support. On the one hand, unions are cancers -...

Apple Just Crushed It

TECH GIANT BOASTS RECORD REVENUE ... A month ago we were reporting on what appeared to be bad news for Apple - notably slashed production of its latest iPhone model by ten percent heading into 2017. The concern certainly didn't manifest...