Economy

News flash, kids: Things aren't free. Things cost money. And "free" things provided to you by the government cost other people's money. Donald Trump gets it — somewhat. He vows to repeal Obamacare's most burdensome federal mandates that are jacking up the price of private health insurance. But he also plans to preserve the most politically popular provisions of the Orwellian-titled Affordable…

Donald Trump's surprise win has millions of Americans, many of whom are black, in a tizzy. Many, such as Kareem Abdul-Jabbar, are writing about what it means to be black during a Trump administration even though Trump's presidency has yet to begin. My argument has always been that the political arena is largely irrelevant to the interests of ordinary black people.  

At a press conference in Greece on Tuesday, President Barack Obama claimed that when he came into office, "the economy was contracting faster than it did during the Great Depression, but we were able to intervene, apply lessons learned and stabilize and then begin growth again." Naturally, Elena Becatoros and Josh Lederman at the Associated Press and Gardiner Harris at the New York Times, all of…

William Finnegan's lengthy report from Venezuela in the November 14 edition of the New Yorker begs two obvious questions: Where have you guys been? And why did you wait until the wee hours on November 7, the day before Election Day in the U.S., when almost everyone's attention was on the presidential and other contests, to post it online? The report's headline asks a question: "How did this…

Considering that it's coming from the New York Times, reporter Sabrina Tavernise's account of what happened in Ohio to swing it from a close Obama win in 2012 to a near-blowout for Donald Trump in 2016 was reasonably well-done, but still had glaring flaws. Her story's human interest elements were strong, but the accompanying statistics provided were sparse, and really needed to be there to tell…

Imagine if a business establishment told those who voted for Hillary Clinton that "you have no place here" and demanded their resignations. There would be wall-to-wall press coverage, calls for a boycott, street protests at company headquarters, and years of payback in the form of "diversity" and "sensitivity" training. There will almost certainly be none of that at Chicago-based Grubhub, whose…

Wednesday morning at 12:42 a.m., as it was becoming clear that Republican presidential nominee Donald Trump was on the verge of officially defeating Democrat Hillary Clinton for the presidency, Paul Krugman at the New York Times noted at the paper's election night live blog that the "markets are plunging." He then wrote: "If the question is when markets will recover, a first-pass answer is never…

On the night of the election, as it was becoming apparent that Donald Trump would win there were reports that the value of the Mexican peso dropped 2 percent. Since then the value has dropped even more, resulting in CBS to worry about their economy on Thursday’s CBS Evening News. “The Trump election, however, sent shivers through Mexico's economy. The peso dropped 12 percent in two days,”…

The liberal media were in mourning on Election Night when it became clear Donald Trump would be the next president of the United States. Panic was palpable and journalists, particularly on NBC networks, blamed a significant drop in Dow futures on Trump’s victory. CBS said the drop in futures felt like “Brexit,” while Rachel Maddow claimed Trump would wear the market drop as a “badge of honor.”…

Minutes after President-Elect Donald Trump concluded his victory speech that ended on Wednesday around 3:00 a.m. Eastern, the cast of characters immediately demanded that Trump seek to “rectify” the tumbling stock market that could lead to an “economic collapse” similar to what Barack Obama inherited when he was inaugurated in 2009. 

If you believe the Obama administration, the Hillary Clinton campaign and their apparatchiks in the press — and as we've learned during the past several weeks, all three work assiduously to sing from the same hymnal — the economy we've seen during the presidency of Barack Obama has been one of slow but still acceptable recovery and (yes, this word has been frequently used) "durable" expansion.

The month before the hotly contested presidential election, ABC World News Tonight spent so little time on the U.S. economy — it devoted more time “cheering for” a 101 year-old cheerleader. Polls in October once again showed Americans ranked the economy as their top concern. The economy has led those rankings since July. Yet, the Tennessee State University cheerleader was took priority on ABC’s…

On Wednesday, Republican presidential nominee Donald Trump was in Washington to formally open the new Trump Hotel in Washington. This set off a media chorus of, "Oh my gosh, he's taking time off from campaigning! How can he do that when he's behind in the polls?" Meanwhile, Democratic Party nominee Hillary Clinton's public appearance schedule during this 2016 campaign has been among the lightest…

Do you wonder why Sen. Bernie Sanders and his ideas are so popular among American college students? The answer is that they, like so many other young people who think they know it all, are really uninformed and ignorant. You say, "Williams, how dare you say that?! We've mortgaged our home to send our children to college." Let's start with the 2006 geographic literacy survey of youngsters between…