Robots Aren’t Going to Take Your Job … Yet
While robots are not yet ready to take your jobs, a new paper released Monday by two Harvard labor economists argues there is cause for major concern in the future.
Economy
Are Kids Too Expensive in America?
New data, released last week by the Centers for Disease Control and Prevention, attracted attention by showing the wide variation in fertility among states. They also prompted commentators to ask: Are kids getting too expensive for Americans to have?
Castro Endorses 70 Percent Income Tax Rate Despite Economic Concerns
Former secretary of Housing and Urban Development Julian Castro kicked off his yet-to-be-announced bid for the 2020 Democratic presidential nomination by endorsing a 70 percent top marginal income tax, despite longstanding concerns by economists over its viability.
Ocasio-Cortez Compares Herself to Lincoln, FDR as She Calls for 70 Percent Top Tax Rate
U.S. Job Growth Surges in December; Unemployment Rate Rises
WASHINGTON, (Reuters) – U.S. employers hired the most workers in 10 months in December while boosting wages, which could help to allay a recent upsurge in fears about the economy’s health that has roiled financial markets.
Fed Lifts Interest Rates, Sees ‘Some Further’ Hikes Ahead
The U.S. Federal Reserve raised interest rates on Wednesday, as expected, but forecast fewer rate hikes next year and signaled its tightening cycle is nearing an end in the face of financial market volatility and slowing global growth.
Wall Street Buys Stock in Sherrod Brown
Democratic senator Sherrod Brown (Ohio) has raked in millions of dollars from the financial and banking sectors despite depicting himself as an anti-Wall Street populist.
U.S. Becomes Net Oil Exporter for First Time Since Truman Presidency
After three-quarters of a century relying more heavily on foreign oil, the United States became a net oil exporter in 2018, a step toward what President Donald Trump calls “energy independence.”
U.S. Job Growth Slows; Monthly Wage Gains Miss Expectations
WASHINGTON (Reuters) – U.S. job growth slowed in November and monthly wages increased less than expected, suggesting some moderation in economic activity that could support expectations of fewer interest rate increases from the Federal Reserve in 2019.
Obama Wants the Credit: ‘Just Say Thank You, Please’
