Tuesday, March 28, 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.
"NOISE IN THE DATA?" We've written previously on the Federal Reserve's looming interest rate hike.  Sure, it was an excuse to drool over Fed governor Lael Brainard’s legs ... but whatever. We did our job ... Is now really the time to raise rates,...
LOOKS LIKE IT'S GOING TO TAKE A LOT MORE THAN RENEWED OPTIMISM TO GROW THE AMERICAN ECONOMY ... So much for all that economic "Trumphoria."  It looks like it's going to take a lot more than good vibrations to get...

Peak “Trumphoria?”

ENCOURAGING CONSUMER DATA ... BUT IS IT SUSTAINABLE? There are some flashing red warning lights going off right now as it relates to the American economy - which was basically left to die by the last two U.S. presidents (and the eight previous U.S....
FEDERAL RESERVE PREPARES TO MAKE ANOTHER MOVE ... A typically dovish member of the Federal Reserve's board of governors made it clear this week she is on board with an interest rate hike in view of improving economic conditions (a.k.a. Trumphoria). Lael...
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...