By Robert Romano The U.S. economy contracted a record-setting, inflation-adjusted, annualized 32.9 percent in the second quarter of 2020 according to the latest data from the Bureau of Economic Analysis as tens of millions of Americans waited out the Chinese coronavirus in their homes, not venturing out much […]
By Robert Romano Senate Republicans are proposing to modify expanded unemployment under the COVID-19 pandemic to remove a perverse incentive for many workers to stay on unemployment rather than return to their jobs after the economy reopens because they are making more money collecting benefits. Originally a stopgap […]
By Robert Romano Another net 930,000 Americans left continued unemployment claims the week of July 11, according to the latest unadjusted data from the U.S. Department of Labor as momentum continues to bring millions of Americans back into the labor force. In the same week, initial unemployment claims […]
By Robert Romano The national debt has skyrocketed by $3.3 trillion since the beginning of 2020 amid record spending by Congress in response to the China-originated COVID-19 pandemic, which forced states to shut down their economies as businesses large and small, critical industries, state and local governments and the American people […]
By Rick Manning The Labor Department has a fiduciary responsibility to end all private retirement investments in dangerous Chinese investments by amending the current pending regulation on Financial Factors in Selecting Plan Investments to disqualify all companies that do not adhere to the transparency requirements of Dodd-Frank and Sarbannes-Oxley. As a former Labor […]
By Robert Romano Another 630,000 Americans came off continuing unemployment claims the week ending June 27, according to the latest unadjusted data from the U.S. Department of Labor, proving President Donald Trump is right about the economy rapidly recovering from the COVID-19 pandemic state-based shutdowns. Since the week […]
By Robert Romano The U.S. economy has added a record 7.8 million to 8.8 million jobs back in May and June, according to the Bureau of Labor Statistics’ (BLS) respective establishment and household surveys, bringing the reported unemployment rate down to 11.1 percent even as the number of Americans […]
By Robert Romano President Donald Trump was elected in 2016 on the very important promise of implementing an America first posture on trade, promising to renegotiate the North American Free Trade Agreement (NAFTA) with Mexico and Canada, and to begin to restore hundreds of billions of trade […]
By Robert Romano Marriage and families are the cornerstone of not only civilization but of nature itself, without which humans would have never survived as wandering nomads and early farmers, let alone building cities, an economy and governments to represent the people in state-to-state relations. Without families […]
By Robert Romano Remember free checking accounts? In 2009, 76 percent of banks used to offer free checking accounts to their customers, according to Bankrate.com . By 2015, it had hit a low of 37 percent and in 2019 the number stood at 42 percent . Why such a drastic drop? It’s […]
