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A budget surplus will be ‘a real Ace of Hearts’ for the govt

“Market Economics Managing Director Stephen Koukoulas says budget surpluses will be “a real Ace of Hearts” for the Coalition at the next election” reports news.com.au. “If I were the treasurer, I’d be more inclined to put a little bit of the budget surplus into the economy,” he said.Mr Koukoulas said “the economy is growing” but conceded it was “not growing very rapidly”. Source: news.com.au

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Dow sinks 105 points as health-care selling and worries about China’s economy weighs on market

“U.S. stocks ended solidly lower Monday as buying appetite took a pause, following economic reports that pointed to weakness in China’s economy, highlighting worries about a global economic recession” writes Mark Decambre for marketwatch.com. Health-care shares, meanwhile, also weighed on the broader market, with that category declining 0.7%. CVX, -0.60% fell 0.6% after Citi analyst Alastair Syme downgraded the stock to neutral from buy.The Dow Jones Industrial Average DJIA, -0.38% declined by 105 points, or 0.4%, at 27,910, the S&P 500 index SPX, -0.32% slipped 0.3% at 3.135, while the…

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Why Europe’s governments are missing in action from the fight against an economic slump

“But this may not last, whenever investors realize how vulnerable the eurozone economy remains to a serious financial shock” writes Senior Writer for marketwatch.com. You can count on European governments to be missing in action again in 2020, as they were this year, when urged to help steer the continent’s economy out of its current slump.But more than ever, her success in boosting eurozone inflation back to the “below but close to” 2% level will depend on whether she gets some help from eurozone governments on the fiscal front.The coalition’s…

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Here’s the hard-money call for why the boom in the economy and stock market will continue

“As per the charts below, current market interest rates in the U.S. have not reached rock bottom yet” writes European Markets Editor for marketwatch.com. You might think the hard-money, recession-at-every-corner crowd would be predicting an imminent reversal in the stock market given the 20% gain for the Dow Jones Industrial Average this year.The stock price for Tullow Oil TLW, -64.85%  dived by nearly 60% after the British oil and gas company cut its production outlook, which caused its chief executive to resign.The Fed is expected to leave interest rates unchanged…

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Asian stocks pulled higher by Wall Street jobs rally but China caution prevails

“Analysts said Friday’s much better-than-expected jobs report offset mixed signals from recent economic data and validated the Federal Reserve’s wait-and-see stance on interest rates after three “insurance cuts” this year” writes Midwest Communications Inc for 95kqds.com. “This economy is still climbing and shattering the records for longevity,” said Chris Rupkey, chief financial economist at MUFG Union Bank.”Right now, the clouds of recession still remain well offshore despite troubled economies elsewhere in the world and a trade war.”. SYDNEY (Reuters) – Asian stocks edged up on Monday, catching some of Wall…

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Japan upgrades third quarter GDP as consumer, business strength absorbs hit from trade

“Net exports – or exports minus imports – subtracted 0.2 percentage point from revised GDP growth, while domestic demand added 0.6 percentage point” writes Midwest Communications Inc for 95kqds.com. Analysts already expect the economy to shrink in the current quarter due to the sales tax hike.The stronger growth marked the fourth consecutive quarter of expansion and also beat economists’ median forecast for a 0.7% gain.A gloomy set of data, including worse-than-expected October household spending and retail sales figures, suggests the hit to consumption from the sales tax hike may be…

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Invest in trade relationships to navigate an uncertain economy | Op-Ed

“More than 40% of jobs throughout Washington state are tied to international trade, and trade with China contributes to nearly 200,000 jobs and $7 billion in wages” writes Special To The for seattletimes.com. Additionally, changing global trade routes that benefit East Coast ports could mean fewer imports coming through our gateway as production shifts from China.Our state’s success as a great place to work and live stems from a shared determination to make our state globally competitive.A long trade war could mean more shipping time for western producers and fewer…

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Strong jobs report is a disaster for doomsayers and Democrats

“The November jobs report showed that the U.S. economy remains strong, even as the rest of the world slows down” reports washingtonexaminer.com. Friday’s jobs report poses a serious problem for the prophets of doom, but it bodes well for Americans, rich and poor, of all political stripes.Friday’s November jobs numbers offered another example of why they cannot discuss the issue with any credibility — and also why their challenge to Trump is an uphill climb.Not only were an astounding 266,000 net jobs added to the economy last month — far…

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Green gardens sprouting from vacant lots. Urban farmers hope to grow city’s economy.

“Fox says he hopes the project can reframe urban farming as entrepreneurial and good for the local economy” writes Kyi Njadvancemedia Com for nj.com. Newark’s sustainability office is finding ways to support urban farming and healthy food access.That includes farmer’s markets that accept food stamps; delivering food on bikes and citywide garden tours.In 2012, when Fox first started farming in Newark, the land was a drug den, overgrown with weeds and a dead dog. Source: nj.com

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Opinion: Failing to address millennial concerns could cost Democrats the election

“Millennial voters will play a key role in this election, since if they stay home, Democrats are likely to lose” writes Rich Benjamin for latimes.com. It’s important to keep that in mind going into the presidential election year, because age and generation will define this election as much as any factor — but not in predictable ways. Source: latimes.com

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