Category Archives: Business & Finance

Cruz: Healthcare Subsidy Action ‘Exactly Right Thing to Do’

President Donald Trump’s decision to scrap health insurance companies’ subsidies was “exactly the right thing to do,” as the money was being spent for “massive bailouts” at a time when insurance companies’ profits have doubled, Sen. Ted Cruz said Friday. Continue reading →

Social Security benefits to rise by 2 percent in 2018

Millions of Social Security recipients and other retirees will get a 2 percent increase in benefits next year. It’s the largest increase since 2012 but comes to only $25 a month for the average beneficiary. Continue reading →

Britain Considers Joining NAFTA?

Should the UK not be able to workout or secure a new post-Brexit trade deal with the European Union, it may consider joining the very trade pact that some in the United States are seeking their country’s own exit, or “Amexit” from — the North American Free Trade Agreement (NAFTA). This news come from unnamed ministers in the British government, as reported by Britain’s Telegraphnewspaper on October 10, 2017. Continue reading →

Mulvaney: We’ll Help Puerto Rico Rebuild; Must ‘Fix Itself’ From Debt

Wednesday Budget Director Mick Mulvaney  put to bed any inference that President Donald Trump offered to wipe out Puerto Rico’s debt, saying, “I wouldn’t take it word for word with that.”Newsmax

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North Korea crisis: Mnuchin suggests China trade cut-off on the table

Wednesday Treasury Secretary Steve Mnuchin suggested that the Trump administration is willing to cut off trade with China in an effort to put pressure on North Korea. “I’ve worked on an executive order that’s ready if the president wants to use it,” Mnuchin said in an interview with Fox News’ Bret Baier. “We can stop trade with any country that does business with North Korea.” Continue reading →

Uk – Unemployment rate falls to 4.3% as wages stagnate

UK unemployment fell by 75,000 in the three months to July, bringing the jobless rate down to 4.3% from 4.4% in the previous quarter. The rate remains at its lowest since 1975, but a squeeze on real incomes continues, according to the Office for National Statistics figures. Continue reading →

Buyer beware: Courts could raise cost of online shopping

Who are they trying to fool? When I shop online, I’ve always paid sales tax. This is just an excuse to up the taxes more. Courts could have a say in how much consumers pay for certain products they buy online, as states that have long complained about missing out on sales tax revenue are suing or passing laws to take on online retailers. Continue reading →

Fast food workers strike for $15 minimum wage

Cooks and cashiers from McDonald’s, Burger King and other restaurants walked off the job to call for a $15 an hour minimum wage. The protesters are also pushing for union rights for fast food workers and for a paid medical leave bill currently before Massachusetts lawmakers. Continue reading →

GOP risks spending confrontation with Trump

leaders seeking a way out of their September logjam are talking about tying a disaster aid bill for Hurricane Harvey to a larger measure funding the government and raising the nation’s borrowing limit. No, the disaster bill should be separate. Continue reading →

Hurricane Harvey price gouging complaints include $99 for water

Price gouging by Texas merchants in the path of Hurricane Harvey has drawn the attention of Texas Attorney General Ken Paxton, who said Saturday that his office is looking into such cases. Continue reading →