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Tag: Economy

National concerns leave Colorado biz leaders less confident in late ’24
BizWest, State

National concerns leave Colorado biz leaders less confident in late ’24

By Lucas High | BizWest Heading into the fourth quarter of 2024, Colorado business leaders are feeling less confident about the state of the economy. The University of Colorado Leeds Business Confidence Index for the final quarter of 2024 was down nearly four points from the preceding quarter, based largely on national-level issues such as next month’s presidential election and inflation.  The index figure heading into the fourth quarter was 46.7. An LBCI score — which is based on impressions of the state economy, national economy, industry sales, industry profits, industry hiring and capital expenditures — of 50 is neutral.  READ THE FULL STORY AT BIZWEST
Donald Trump: My plan to Make America Affordable Again, and bring back the American Dream
Commentary, National, Newsweek

Donald Trump: My plan to Make America Affordable Again, and bring back the American Dream

By Donald J. Trump, Commentary | Newsweek For years, Americans have watched as our country has been stripped of our jobs and stripped of our wealth. We've watched our companies get sold off to foreign countries. But with my plan for the American economy, this will stop immediately. When I am president, we will begin to take other countries' jobs and factories, bringing businesses and trillions of dollars back to the United States. Under my plan, American workers will no longer be worried about losing their jobs to foreign nations. Instead, foreign nations will be worried about losing their jobs to Americans. German car companies can become American car companies. We can beat China in electronic production. Manufacturers that have left us will come sprinting back to our shores. Her...
Dockworkers from Maine to Texas go on strike as US economy faces losses of billions per day
National, The Post Millennial

Dockworkers from Maine to Texas go on strike as US economy faces losses of billions per day

By The Post Millennial Early Tuesday morning, dockworkers at ports across the US began a strike over wages and automation that could cause supply shortages and increase inflation. According to the Associated Press, the contract between the International Longshoremen’s Association and 36 ports from Maine to Texas. The strike went forward despite reported progress in negotiations and is the first one by the union since 1977. The union opened negotiations with an offer for a 77 percent pay increase over the six-year contract. Union President Harold Daggett said the increase was necessary to compensate for years of minor increases and inflation. READ THE FULL STORY AT THE POST MILLENNIAL
Gen Z’ers are getting fired by businesses at shocking levels. Here’s why.
National, Washington Examiner

Gen Z’ers are getting fired by businesses at shocking levels. Here’s why.

By Brad Polumbo | Washington Examiner It’s tough to keep a job these days. At least, it’s proving tough for many members of Generation Z, young adults born after 1997, because they’re getting fired at shocking levels, according to a new survey from Intelligent.com.  An astounding six in 10 employers surveyed have already fired college graduates they’d only brought on earlier this year, the Daily Mail reports of the survey. One in seven businesses added that they may not hire recent college graduates next year due to the problems they’ve encountered.  What’s wrong with these young employees? “Business leaders listed concerns in areas such as communications skills and professionalism that made them wary of hiring Gen Z,” the Daily Mail says. “They al...
Kamala’s new plan for the economy is basically take two on Bidenomics
National, The Daily Caller

Kamala’s new plan for the economy is basically take two on Bidenomics

By Nick Pope | Daily Caller Vice President Kamala Harris released an 82-page document explaining her vision for the economy on Wednesday, but the plan shares much in common with President Joe Biden’s economic agenda. The plan, titled “A New Way Forward For The Middle Class,” proposes to build upon Biden initiatives like student loan debt cancellation, industrial policy, huge subsidies for green energy and going after corporations for alleged price gouging. Prior to quitting the presidential race under immense political pressure, voters were largely dissatisfied with Biden’s economy, which had come to be defined by 40-year high inflation. “Harris isn’t going to stray very far from current Biden policies,” Ryan Young, a senior economist for the Competitive Enterprise Institute, told...
Harris struggles to provide clear answers on economy, taxes, and unions in MSNBC interview
National, The Federalist

Harris struggles to provide clear answers on economy, taxes, and unions in MSNBC interview

By Brianna Lyman | The Federalist Ruhle did concede that Harris couldn’t “give a clear and direct answer.” For perhaps the first time, MSNBC’s Stephanie Ruhle was the smartest person in the room during her Wednesday interview with Vice President Kamala Harris. The interview went about as well as you could expect between a candidate who has dodged press questions and a “journalist” who justified Harris’ lack of availability to the American public because “she’s running against Trump.” Ruhle did concede that Harris couldn’t “give a clear and direct answer,” though couched that by saying it was “okay because we’re not talking about clear and direct issues.” READ THE FULL STORY AT THE FEDERALIST
Majority of suburban women in swing states say Harris lacks ‘viable solutions’ for economy: Poll
National, Washington Examiner

Majority of suburban women in swing states say Harris lacks ‘viable solutions’ for economy: Poll

By Cami Mondeaux | Washington Examiner A majority of suburban women are expressing concerns about Vice President Kamala Harris’s ability to handle the economy, which is becoming one of the top voter concerns of the 2024 election.  About 72% of suburban women say the economy is a top priority for them heading into the election, according to a survey conducted by the Place America First super PAC that was first obtained by the Washington Examiner. Of those, 70% say Harris lacks “viable solutions” for the economy compared to former President Donald Trump.  The survey also shows Trump gaining ground with other key voting demographics, including English-speaking Hispanics and veterans. About 65% of the Hispanic voters surveyed said they were more inclined to vote for Trump, w...
A complete breakdown of the cost of living under Trump-Pence vs. Biden-Harris
Evie, National

A complete breakdown of the cost of living under Trump-Pence vs. Biden-Harris

By Carolyn Ferguson | Evie As the 2024 election looms, the cost of living remains a huge concern for many voters since it hits so close to home. Families across America are grappling with financial strain, and understanding the economic landscape under the Trump administration compared to the Biden/Harris administration is crucial in evaluating how these policies impact our everyday lives. For many Americans, the state of their finances is the most pressing issue when heading to the polls. The rising costs of essentials like food, housing, and gas are not just statistics – they represent the real and daily struggles of countless families trying to make ends meet. A critical question emerges: How have policies under Trump and under Biden and Harris affected the average wallet? And whi...
American families continue to struggle to provide essentials in ongoing diaper crisis
Fox Business, National

American families continue to struggle to provide essentials in ongoing diaper crisis

By  Sunny Tsai | Fox Business Diaper banks are stepping up to cover costs and babies’ bottoms across the U.S. as families struggle to pay for essentials for their newborns. Baby’s Bounty Center for Families in Las Vegas is a nonprofit that helps at-risk families with baby essentials, including diapers, car seats, foldable cribs, and clothes. The organization says a lot of parents are having a tough time these days. "An infant can use eight to 10 diapers per day. So, the need is significant, and they're incredibly expensive… we are not seeing this wane at all. We really thought that this was a COVID-based need. But week over week, we're seeing more and more families attend our diaper banks," said Baby’s Bounty CEO Kelly Maxwell. READ THE FULL STORY AT FOX BUSINESS
Say it Ain’t So: U.S. Hiring is at Record Low
MIG Reports, National

Say it Ain’t So: U.S. Hiring is at Record Low

By Mariane Angela | MIG Reports Recent layoffs and discussions about low hiring in the U.S. job market dominates voter conversations, according to MIG Reports data. Americans indicate their personal experiences with the economy shape their reactions to job reports. There continues to be significant division between those who perceive the job market as improving and those who believe it is deteriorating. Data suggests public sentiment based on the language voters use to communicate their experiences. MIG Reports analysis coincides with a recent study from the Challenger Report showing 193% more job cuts from July to August 2024. READ THE FULL STORY AT MIG REPORTS