News 

China’s ‘warning shot,’ U.S. moves signal possible trade war

“And with his trade and economic team now largely in place, including U.S. Trade Representative Robert Lighthizer, Trump wants fundamental changes in China trade, not incremental improvements” writes Los Angeles Times for seattletimes.com. For years, one bright spot in the United States’ huge trade imbalance with China has been Beijing’s soaring appetite for American agriculture.His administration has signaled that Chinese investments in the United States will find it harder to win approval.And that could be just the beginning, if President Donald Trump follows through on his oft-repeated promise to get…

Read More
News 

Trump’s first year: He has delivered on his promises

“Trump’s third main accomplishment comes in the area of American energy” writes Dan K for washingtonexaminer.com. Lower taxes, lower regulatory burdens, and an emphasis on domestic energy is a recipe for long-term economic growth.When the president talks about American energy, he is acknowledging the need to focus on America’s long-term economic growth. Source: washingtonexaminer.com Share This:

Read More
News 

Coleman runs 6.37 seconds to break 60m world record

“(Reuters) – American world 100m silver medalist Christian Coleman broke the 60 meters indoor world record on Friday, clocking 6.37 seconds at a meeting in Clemson, South Carolina” writes Midwest Communications Inc for 95kqds.com. Expected to be America’s next great sprinter, he finished behind Justin Gatlin and ahead of world record holder Usain Bolt in the 100 meters at last year’s world championships in London. Source: 95kqds.com Share This:

Read More
News 

The American Health-Care System Increases Income Inequality

“That meant that these families spent something like a third or more of all their income on health care” writes Newkirk Ii for theatlantic.com. They found that income inequality in 2014 actually increased by 1.5 points after medical expenses were subtracted from income.That includes both the absolute cost of health care and the myriad ways the cost is passed onto people with insurance.Health insurance is supposed to mitigate those cost and information barriers.Of the 7 million, 4 million found their post-health-care income reduced below 50 percent of the poverty line,…

Read More
News 

Dow slips 42 points as IBM and American Express fall, worries of government shutdown loom

“The Dow Jones industrial average fell on Friday as declines in IBM and American Express shares weighed on the index” writes Brendan Mcdermid for cnbc.com. The index traded 42 points lower, with IBM and American Express dropping 4.4 percent and 2.9 percent, respectively. Investors also looked to Washington as lawmakers tried to avoid a government shutdown.Investors also assessed the possibility of a government shutdown. Source: cnbc.com Share This:

Read More
News 

U.S. travel industry has a foreign tourism problem | Opinion

“As a result, businesses that make up the multibillion-dollar industry that relies on that revenue have grown increasingly nervous” writes Justin Bachman for sun-sentinel.com. But in the past year, the U.S. travel industry has grappled with an administration that made border security and tougher immigration laws its signature policies. Source: sun-sentinel.com Share This:

Read More
News 

American Express posts $1.2 billion loss due to new tax law

“Credit card company American Express posted a $1.2 billion loss in its latest quarter after booking large one-time charges related to the new tax law” reports foxbusiness.com. American Express gave a full-year 2018 forecast of $6.90 to $7.30 a share, excluding the impact of the tax law.Like other banks, American Express had to take significant one-time charges against its results to comply with the new tax law that was enacted in December.The company had $2.6 billion in charges, mostly tied to profits American Express had earned abroad and was now…

Read More
News 

Solar industry makes last-minute plea to Trump

“The solar energy industry made an eleventh-hour plea to President Trump on Wednesday not to impose restrictive new tariffs on solar panel imports, warning of a massive round of layoffs” writes John Siciliano for washingtonexaminer.com. The tariffs would drive up the cost solar panels, forcing solar installation firms, steel workers and other industries that contribute to solar to cut jobs.”I am writing you on the eve of your decision on solar tariffs to make a personal plea to consider the real impact on American jobs and our economy,” wrote Abigail…

Read More
News 

Eric Trump’s 401 rose 35 percent over the past year. Half of American families don’t have one.

“The result is apparent in the chart below, which traces the median value of retirement accounts by net worth percentiles” reports washingtonpost.com. The good news for the bottom 25 percent of those who have retirement accounts: At least they have something.But about half of American households have no retirement savings, and many more are unable to save as much as experts say they’ll need.Measures of wealth and net worth don’t typically count those assets because they’re not owned by people the same way a savings account or 401(k) is. Source: washingtonpost.com Share This:

Read More