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The U.S. economy might hit this milestone for the first time in 11 years if corporate America keeps it up

“Although household spending accounts for about 70% of economic activity, higher business investment is the difference between a good economy and a great one” writes Jeffry Bartash for marketwatch.com. Consider a key yardstick of business investment known as core orders for durable goods — or items made to last at least three years.Stronger business investment prodded a panel of economists tied to the American Bankers Association to lift their GDP forecast for 2018 to 2.8% from 2.4%.The surge in business investment, however, could be jeopardized by the cacophony of trade…

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Nikki Haley: “It is patently ridiculous for the United Nations to examine poverty in America”

“Compare that to the many countries around the world, whose governments knowingly abuse human rights and cause pain and suffering.”” writes Jeff Stein Is for washingtonpost.com. U.N. Ambassador Nikki Haley blasted the report for critiquing America’s treatment of its poor, arguing that the U.N. should instead focus on poverty in third world countries like Burundi and the Democratic Republic of the Congo. Source: washingtonpost.com Share This:

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TIME cover shames Trump over border policy, one week after he wondered if he would be on the cover for his North Korea summit

“Time Magazine’s latest cover takes a shot at President Donald Trump’s border family-separation policy, one week after Trump wondered if he would be on the magazine’s cover after the North Korea summit in Singapore” writes Pat Ralph for businessinsider.com. The young girl on the cover comes from a photo taken by Getty photographer John Moore at the southern border.The mother told Moore that she and her daughter had been traveling for a month to get to the US border and apply for asylum. Source: businessinsider.com Share This:

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Severe obesity rates surging in rural America

“Severe obesity rates were higher in rural areas for youth as well as for men and women, while overall rates of obesity were higher only for rural women, researchers report in JAMA. In rural communities, severe obesity rates more than tripled for men and more than doubled for women during the study period, while climbing 29 percent among young people” writes Midwest Communications Inc for 95kqds.com. Obesity rates in rural areas, meanwhile, rose about 9 percent among children and teens and about 36 percent for adults.Differences in education levels, smoking…

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Merrill Lynch to pay $42 million for misleading customers: SEC

“FILE PHOTO: A Bank of America logo is seen in New York City Thomson Reuters WASHINGTON (Reuters) – Bank of America Corp subsidiary Merrill Lynch will pay a $42 million penalty for lying to customers about how it handled their orders, the top U.S. securities regulator said on Tuesday” reports businessinsider.com. Merrill Lynch told customers that it executed millions of dollars of orders internally but in truth had routed them to other broker-dealers, the SEC said. Source: businessinsider.com Share This:

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Navarro says Trump’s China tariffs will be ‘ultimately bullish’ for Corporate America

“President Donald Trump’s trade adviser Peter Navarro said Tuesday that tariffs against China will be “ultimately bullish” for American businesses, as the administration tries to bring “structural change” to the U.S.-China trading relationship” writes Robert Schroeder for marketwatch.com. Trump on Monday asked his administration to identify $200 billion in imported goods from China to be penalized with tariffs.The Dow Jones Industrial Average DJIA, -1.40% fell more than 300 points in late-morning action as trade-war fears roiled markets.Navarro said the U.S. and China are having “a trade dispute, nothing more, nothing…

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Corporate America applauds Senate effort to rein in Trump’s tariffs

“Our members overwhelmingly have strongly objected to the imposition of national security tariffs on steel and aluminum imports, especially on some of our best trading partners and closest allies,” he said” writes Johnny Milano Bloomberg for washingtonexaminer.com. His remedy would require Congressional approval for any tariff set under national security grounds, allowing expedited consideration for two months to ensure the White House wasn’t hamstrung.Corporate America is effusive in its praise of a Republican senator’s measure curbing White House freedom to set national-security tariffs, a power with which President Trump has…

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Meet the two millennials who started a wildly successful carbon fiber brand after moving to America

“With persistent hard work and tenacious determination, the duo successfully developed an exclusive brand that sells carbon fiber accessories to consumers across the globe” writes Photo Courtesy Of for washingtonexaminer.com. Create a business you’re able to work for 24/7, including when you’re at a friend’s wedding and have orders coming in.We know now that we are a unique carbon fiber accessories company with an established brand that sells products worldwide,” Dirk explained. Source: washingtonexaminer.com Share This:

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China’s Official News Media Sharply Criticize Trump

“The Trump administration obstinately persists in playing the inglorious role of global economic agitator” reports nytimes.com. With economic globalization there are no secluded and isolated islands.This exposes the Trump administration’s outmoded views on globalization and trade liberalization.In the eyes of America, the rules of international trade are like a gorgeous coat.Recently, America is brandishing the trade war big stick, smacking other countries at will. Source: nytimes.com Share This:

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