economic growth

Trump administration announced a tax reform that means: "cut taxes for the rich"

 04/27/2017 - 03:35
US Treasury Secretary Steven Mnuchin (R) and National Economic Director Gary Cohn (L) participate in a news conference to discuss the tax reform plan of US President Donald J. Trump, in the James Brady Press Briefing Room at the White House in Washington, DC, USA, 26 April 2017. EPA/MICHAEL REYNOLDS

Treasury Secretary Steven Mnuchin on Wednesday outlined President Donald Trump"s tax overhaul plan, which calls for slashing the corporate tax rate from 35 percent to 15 percent. Critics immediately called it “basically a huge tax cut for the rich”.

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Thursday, April 27, 2017 - 3:15am
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US Treasury Secretary Steven Mnuchin (R) and National Economic Director Gary Cohn (L) participate in a news conference to discuss the tax reform plan of US President Donald J. Trump, in the James Brady Press Briefing Room at the White House in Washington, DC, USA, 26 April 2017. EPA/MICHAEL REYNOLDS

[OP-ED]: America the complacent

 04/26/2017 - 10:54
In his new book, “The Complacent Class: The Self-Defeating Quest for the American Dream,” Cowen argues that we’ve overcorrected and gone too far toward trying to create perfect, insulated “bubble worlds” for ourselves and our kids. And now we’re afraid to change anything, lest we burst the bubble. 
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The headline grabbed my attention: “Americans have become lazy and it’s hurting the economy.” 

Lazy? Now there’s a four-letter word you rarely hear Americans use to describe themselves.

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Wednesday, April 26, 2017 - 10:45am
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In his new book, “The Complacent Class: The Self-Defeating Quest for the American Dream,” Cowen argues that we’ve overcorrected and gone too far toward trying to create perfect, insulated “bubble worlds” for ourselves and our kids. And now we’re afraid to change anything, lest we burst the bubble. 

[OP-ED]: Trump’s stock boom -- illusion or reality?

 04/25/2017 - 10:10
Stock valuations are tricky. With hindsight, the market can stay above or below levels reflecting economic fundamentals for long stretches. Whatever the case today, stocks are nowhere near the absurd heights of the “tech bubble” at the turn of the century. EFE
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The last thing President Trump now needs is for the stock market to go south on him. After all, he’s got worries aplenty: abroad, North Korea, Syria, Russia and Brexit; at home, the stalled effort to repeal Obamacare; and uncertainty surrounding “tax reform.” Compared with this tapestry of troubles, the stock market has been a splendid blessing.

Posted Date: 
Tuesday, April 25, 2017 - 8:30am
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Robert J. Samuelson
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Stock valuations are tricky. With hindsight, the market can stay above or below levels reflecting economic fundamentals for long stretches. Whatever the case today, stocks are nowhere near the absurd heights of the “tech bubble” at the turn of the century. EFE

[OP-ED]: America needs more immigrants, not fewer

 04/20/2017 - 09:50
Image courtesy Gleason Partners, of Las Vegas, for a design for the future wall between Mexico and the United States. EFE
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President Trump appears to have softened his position on NATO, free trade, the U.S. Export-Import Bank, Federal Reserve Chair Janet Yellen, the advice of generals, and whether China is a currency manipulator.

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Thursday, April 20, 2017 - 8:30am
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Image courtesy Gleason Partners, of Las Vegas, for a design for the future wall between Mexico and the United States. EFE

Ivanka Trump brand secures China trademarks on day US president met Xi Jinping

 04/19/2017 - 02:46
Ivanka Trump, daughter of U.S. President Donald Trump, speaks as US President Trump, left, listens during a meeting with women small business owners in the Roosevelt Room of the White House in Washington, DC, USA, Mar. 27, 2017. EPA/ANDREW HARRER / POOL

[OP-ED]: America’s parliamentary disaster

 04/07/2017 - 12:29
For decades, the United States governed itself by a system that favored centrist consensus -- not always wise, to be sure -- whereas our invisible parliamentary system does just the opposite. It empowers the fringes and weakens the center. True, most of our major social and political conflicts have independent origins. But parliamentary politics is making them worse.
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America’s Congress is quietly becoming a European-style parliament -- and the transformation isn’t for the good. Congress is fanning, not defusing, conflict. 

Posted Date: 
Friday, April 7, 2017 - 12:00pm
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Plain Text Author: 
Robert J. Samuelson
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For decades, the United States governed itself by a system that favored centrist consensus -- not always wise, to be sure -- whereas our invisible parliamentary system does just the opposite. It empowers the fringes and weakens the center. True, most of our major social and political conflicts have independent origins. But parliamentary politics is making them worse.

[OP-ED]: Is the American Dream killing us?

 04/04/2017 - 10:31
One theory attributes the spike in “deaths of despair” to growing income inequality. There would be fewer suicides, drug overdoses and alcohol-related deaths if incomes were distributed more equally, the argument goes. People take out their frustrations and anger by resorting to self-destructive behavior.
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It isn’t often that economics raises the most profound questions of human existence, but recent work of economists Anne Case and Angus Deaton (husband and wife, both of Princeton University) comes close. You may recall that a few years ago, Case and Deaton reported the startling finding that the death rates of non-Hispanic middle-aged whites had gotten worse — they were dying younger.

Posted Date: 
Tuesday, April 4, 2017 - 8:15am
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Plain Text Author: 
Robert J. Samuelson
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One theory attributes the spike in “deaths of despair” to growing income inequality. There would be fewer suicides, drug overdoses and alcohol-related deaths if incomes were distributed more equally, the argument goes. People take out their frustrations and anger by resorting to self-destructive behavior.

Trump moves to dismantle Obama's climate legacy with executive order

 03/28/2017 - 17:36
President Donald Trump has signed an executive order rolling back Obama-era rules aimed at curbing climate change. EFE/Ron Sachs / POOL

The president said this would put an end to the "war on coal" and "job-killing regulations".

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Tuesday, March 28, 2017 - 5:15pm
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President Donald Trump has signed an executive order rolling back Obama-era rules aimed at curbing climate change. EFE/Ron Sachs / POOL

[OP-ED]: The national slush fund

 03/27/2017 - 09:29
El presidente de EE.UU., Donald Trump (i), y la administradora de los Centros de los programas de seguros de salud Medicare y Medicaid, Seema Verma (d), durante un panel sobre el plan sanitario republicano en la Sala Roosevelt de la Casa Blanca en Washington, Estados Unidos,
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There was bound to be a political commotion when the Trump administration released its 2018 budget.

Posted Date: 
Monday, March 27, 2017 - 8:30am
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Robert J. Samuelson
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President Donald Trump and Republican congressional leaders on Wednesday redoubled their efforts to try and secure the necessary votes to pass their healthcare reform bill in the House of Representatives later this week.

Philadelphia’s agenda for economic growth

 03/05/2015 - 14:03
Photo: Tim Scattergood/AL DÍA News

The 4,000 member companies of the Greater Philadelphia Chamber of Commerce believe it is paramount that the next Mayor focuses on continuing our momentum in creating jobs, boosting our population and economic growth to keep Philadelphia competitive with other cities around the nation and the world.

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Posted Date: 
Thursday, March 5, 2015 - 1:57pm
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Sabrina Vourvoulias
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Photo: Tim Scattergood/AL DÍA News